File #: 2011-0393    Version: 1
Type: Purchase Status: Passed
File created: 9/7/2011 In control: City Council Regular Meeting
On agenda: Final action: 9/19/2011
Title: Request for Purchase Authorization - TREASURY: Contract for banking services in the amount not-to-exceed $126,000.00 through September, 2014; Bank of America, Troy, MI
Indexes: City Treasurer, Finances, Purchase Authorization
Attachments: 1. Agenda Summary.pdf, 2. 2011 Bank Basic Cost Report.pdf, 3. Resolution.pdf
Title
Request for Purchase Authorization - TREASURY:  Contract for banking services in the amount not-to-exceed $126,000.00 through September, 2014; Bank of America, Troy, MI
 
Body
Resolved, that the Rochester Hills City Council hereby authorizes a contract for banking services to Bank of America, Troy, Michigan in the amount not-to-exceed $126,000.00 through September, 2014, subject to contract language acceptable to the City Attorney, and further authorizes the Mayor to execute a contract on behalf of the City.
 
Further Resolved, that the City's acceptance of the proposal and approval of the award of a contract shall be contingent and conditioned upon the parties' entry into and execution of a written agreement acceptable to the City.