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RES2847 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2847 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, DESIGNATING THE DEMAND DEPOSIT ACCOUNT DEPOSITORY AND AUTHORIZING EXECUTION OF AN AGREEMENT THEREFOR. WHEREAS, the City of Renton heretofore called for bid proposals for the furnishing of demand deposit account and other commercial banking services required by the City of Renton, all in accordance with the Specifications; and WHEREAS, pursuant to said call, bid proposals were received and opened on or about April 15, 1991; and WHEREAS, the proposal submitted by U. S . Bank was thereafter on May 20, 1991, accepted by the City Council of the City of Renton as the lowest and most beneficial offer to the City. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I . The above recitals are found to be true and correct in all respects . SECTION II. The City hereby designates U. S. Bank to be the demand deposit account depository for the City of Renton for a period of three (3 ) years, or as otherwise specified in the attached Agreement, commencing as of July 1 , 1991 . SECTION III. The Mayor and City Clerk are hereby authorized and directed to execute the attached Agreement, which is incorporated herein as if fully set forth, between the City of Renton and U. S . Bank. 1 RESOLUTION NO. 2847 PASSED BY THE CITY COUNCIL this 3rd day of Tiina i 1991. Marilyn J. P tersen, City Clerk APPROVED BY THE MAYOR this 3rd day of June , 1991 . Earl Clymer, May r Approve as to f rm: Lawrence J. War en, City Attorney RES. 145: 5-29-91 :as . 2