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1 RESOLUTION NO. 11,398
F,
3 A RESOLUTION TO AWARD THE BANKING SERVICES CONTRACT
4 FOR 2003 AND 2004 TO METROPOLITAN NATIONAL BANK, AND FOR
5 OTHER PURPOSES.
6
7 WHEREAS, the City periodically bids for the award of its banking services contract
8 to one of the local financial institutions within the City, and
9 WHEREAS, after a competitive process which resulted in proposals from six
10 different proposals from areas banks it was determined that Metropolitan National Bank
11 received the highest score for overall banking services, and
12 WHEREAS, the Director of Finance & Treasurer, and the City Manager,
13 recommend that this contract be awarded to Metropolitan National Bank,
14 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
15 THE CITY OF LITTLE ROCK, ARKANSAS:
16 Section 1. The City Manager is authorized to enter into an agreement with
17 Metropolitan National Bank to provide banking services to the City in accordance with the
18 terms and conditions offered in the proposal submitted on October 8, 2002.
19 Section 2. The City Manager shall have the option to extend this agreement for
20 one two year term which will expire no later than December 31, 2006, if it is deemed in the
21 best interests of the City to do so.
22 Section 3. Severability. In the event any title, section, paragraph, item, sentence,
23 clause, phrase, or word of this resolution is declared or adjudged to be invalid or
24 unconstitutional, such declaration or adjudication shall not affect the remaining portions
25 of the resolution which shall remain in full force and effect as if the portion so declared or
26 adjudged invalid or unconstitutional was not originally a part of the resolution.
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Resolution
Award of 2003 & 2004 Banking Services Contract
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1 Section 4. Repealer. All resolutions, bylaws, and other matters inconsistent with
2 this resolution are hereby repealed to the extent of such inconsistency.
3 ADOPTED: November 4, 2002
4 ATTEST: APPROVED:
5
6
7 Naky W od, City Clerk Jim loiley, Mayor
8 APPROVED AS TO LEGAL FORM:
9
11 Thomas M. Carpenter, Ci6 Attorney
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R ..I. ion
Award at 3003 & 2M Banking Ser iaee Cant.d