HomeMy WebLinkAboutR-2020-042 Approving Annual Renewal for Banking Services U.S. Bank RESOLUTION NO. R-2020-042
A RESOLUTION APPROVING AN ANNUAL RENEWAL FOR BANKING SERVICES
WITH U.S. BANK, NATIONAL ASSOCIATION
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
THAT the Riverside Board of Aldermen hereby approves an annual renewal of the
Contract for Banking Services, on file with the City Clerk, with U.S. Bank, National Association,
subject to the same terms presented in the proposal dated April 1, 2016 (incorporated herein by
this reference) except that the Earnings Credit Rate will be bank managed, with no floor; and
FURTHER THAT the Mayor, the City Administrator, the Finance Director and other
appropriate City officials are hereby authorized to take any and all actions as may be deemed
necessary or convenient to carry out and comply with the intent of this Resolution and to execute
and deliver for and on behalf of the City all certificates, instruments, agreements and other
documents, as may be necessary or convenient to perform all matters herein authorized.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside,
Missouri, the qday of , 2020.
Mayor Kathleen L. Rose
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ATTEST:
Robin Kincaid)9,t CiOxk=
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AGREED AND ACCEPTED:
U.S.BANK,NATIONAL ASSOCIATION
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RESOLUTION NO. R-2016-018
A RESOLUTION APPROVING AN AGREEMENT FOR BANKING SERVICES WITH
U.S. BANK NATIONAL ASSOCIATION
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
THAT the Riverside Board of Aldermen ("Board") hereby approves the Contract
for Banking Services, in substantially the form attached hereto, with U.S. National
Banking Association, and further authorizes the Mayor to execute such contract on
behalf of the City; and
FURTHER THAT the Mayor, the City Administrator, the Finance Director and
other appropriate City officials are hereby authorized to take any and all actions as may
be deemed necessary or convenient to carry out and comply with the intent of this
Resolution and to execute and deliver for and on behalf of the City all certificates,
instruments, agreements and other documents, as may be necessary or convenient to
perform all matters herein authorized.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside,
Missouri, the /Lday of , 2016.
Mayor Kathleen L. Rose
ATTEST:
Robin Kincaid, City Clerk
CONTRACT FOR BANKING SERVICES
This contract for banking services (hereinafter "Contract"), effective JULY, 1st,
2016, by and between U.S. Bank National Association (hereinafter "Bank"), and the City
of Riverside, Missouri (hereinafter "CUSTOMER").
Whereas, the CUSTOMER desires to secure a wide range of banking services to
be provided by a single financial institution pursuant to a contract; and,
Whereas, the CUSTOMER solicited proposals to provide such banking services
from the financial institutions qualified to provide such services; and,
Whereas, Bank submitted a proposal which the CUSTOMER deems to be the
most complete and responsive to the CUSTOMER's request for proposals, and will
provide the CUSTOMER the desired types, availability and quality of services; and,
Whereas, Bank represents to the CUSTOMER that it meets the requisite legal
and other qualifications and possesses sufficient financial strength and capacity to
render the banking services sought by the CUSTOMER.
Now, therefore, in consideration of mutual covenants it is agreed that Bank will
service and provide the CUSTOMER banking needs as presented in the proposal,
dated, APRIL, 1st, 2016, copy of which has been provided to the CUSTOMER and is
incorporated herein as is fully set forth. Bank will be the sole provider of services for the
CUSTOMER's general banking services as approved by the CUSTOMER'S Board of
Aldermen.
The term of the agreement for the services and costs quoted in the proposal is
for an initial period of four (4) years, effective JULY 1 , 2016 through JUNE 30, 2020,
with optional annual renewals thereafter. This Contract may be terminated with thirty
(30) days notice by either party by delivering written notice of such termination to the
other party.
BANK
U.S. BANK, NATIONAL ASSOCIATION
Government Banking
Vice President/Relationship Manager
CITY OF RIVERSIDE, MISSOURI
("CUSTOMER").'
By: , aii'a- P-Mv
Kathleen L. Rose, Mayor
Dated:
Countersigned by:
CITY PUR ASIN AGENT:
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By:
Greg ry P. ills
City Administrator
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ATTEST:
Robin Kincaid, City Clerk