HomeMy WebLinkAbout~Master - Banking services with 1st National Bank RESOLUTION NO. 06-285
RESOLUTION APPROVING BANKING SERVICES
TO FIRST NATIONAL BANK FOR
FY 2006/07, 2007/08,AND 2008/09
FOR THE CITY OF AMES, IOWA
WHEREAS,it is the City's policy to periodically request proposals for banking services from
local financial institutions; and,
WHEREAS, five financial institutions responded to the Request for Proposal for Banking
Services (RFP); and,
WHEREAS,an internal committee reviewed and rated the proposals using certain criteria;and,
WHEREAS, based on the RFP criteria, the highest-rated proposal was submitted by First
National Bank at an approximate annual cost of$7,962.
NOW,THEREFORE,BE IT RESOLVED by the City Council ofthe City of Ames,Iowa,that
First National Bank of Ames, Iowa,is hereby designated as the depository bank for the City of Ames
through September 30, 2009, with a three-year renewal option, at an approximate annual cost of
$7,962 for services requested.
ADOPTED THIS 25t"day of July, 2006.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Doll
Seconded by: Popken
Voting aye: Doll, Goodman, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25ih day of July, 2006.