HomeMy WebLinkAboutR-2021-043 Agreement for Banking Services U.S. Bank National Association RESOLUTION NO. R-2021-043
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 qday of 2021.
f Mayor Kathleen L. Rose
_ATTEST:
Robin Kincaid, City_Clerk
CONTRACT FOR BANKING SERVICES
This contract for banking services(hereinafter"Contract"),effective July 1, 2021, 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 9, 2021, a
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, 2021 through June 30, 2025, 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 Bank' g
Vice President/Relationship Manager
CITY OF RIVERSIDE, MISSOURI
("CUS OMER"):
By:
Idathileen L. Rose, Mayor
Dated: �g
Countersigned by:
CITY PU GENT:
By:
Brian r
f , City ministr or
ATTEST.
Robin Kincaid, Oity Clerk