13400I RESOLUTION NO. 13,400
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3 A RESOLUTION TO AWARD THE BANKING SERVICES CONTRACT
4 FOR 2012 AND 2013 TO FIRST SECURITY BANK; AND FOR OTHER
5 PURPOSES.
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7 WHEREAS, the City periodically bids for the award of its banking services contract to one of the local
8 financial institutions within the City; and,
9 WHEREAS, after a competitive process which resulted in proposals from five (5) area banks, it was
10 determined that First Security Bank received the highest score for overall banking services; and,
11 WHEREAS, the Director of Finance, Treasurer and City Manager recommend that this contract be
12 awarded to First Security Bank;
13 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
14 LITTLE ROCK, ARKANSAS:
15 Section 1. The City Manager is authorized to enter into an agreement with First Security Bank to provide
16 banking services to the City in accordance with the terms and conditions offered in the proposal submitted on
17 October 7, 2011.
18 Section 2. The City Manager shall have the option to extend this agreement for one (1), two (2) -year term
19 which will expire no later than December 31, 2015, if it is deemed in the best interests of the City to do so.
20 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or word
21 of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or adjudication
22 shall not affect the remaining portions of the resolution which shall remain in full force and effect as if the
23 portion so declared or adjudged invalid or unconstitutional was not originally a part of the resolution.
24 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with this resolution are
25 hereby repealed to the extent of such inconsistency.
26 ADOPTED: November 15, 2011
27 ATTEST: APPROVED:
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29
AC-
30 s a le , City Clerk Mark Stodola, Mayor
31 APPRO D TO LEGAL FORM:
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33..x, k4 -L--
34 Thomas M. Carpenter, ity Attorney