Loading...
RES2722 CITY OF RENTON, WASHINGTON RESOLUTION NO. 2722 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON DESIGNATING THE DEMAND DEPOSIT ACCOUNT DEPOSITORY AND AUTHORIZING EXECUTION OF AN AGREEMENT THEREOF. 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 February 27, 1987, and WHEREAS the proposal submitted by Old National Bank was thereafter on March 16, 1987, accepted by the City Council of the City of Renton as the lowest and most beneficial offer to the City, WHEREAS, the City of Renton cancelled the agreement with Old National Bank effective as of June 30, 1988, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I: The City hereby ereb y d esignates Rainier Bank (the second low bidder) to be the demand deposit account depository for the City of Renton for a period of three (3) years, or as otherwise agreed, commencing as of July 1, 1988 . SECTION II: The Mayor and City Clerk are hereby authorized and directed to execute an Agreement between the City of Renton and Rainier Bank. RESOLUTION NO. 2722 PASSED BY THE CITY COUNCIL this 23rd day of May , 1988. ax e t. or, City Clerk APPROVED BY THE MAYOR this 23rd da of May , 1988 . E-a�i- Clymer, yor Approved as to form: Lawrence J. Whrrren, City Attorney Res. 17:5-19-88:as.