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RESOLUTION NO. 2014 - <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, AWARDING REQUEST FOR <br />PROPOSALS (RFP) NO. 14 -04 -02 TO AND AUTHORIZING THE CITY <br />MANAGER TO NEGOTIATE AND ENTER INTO AN AGREEMENT <br />WITH TD BANK FOR BANKING SERVICES, PROVIDED SAID <br />AGREEMENT IS APPROVED AS TO FORM AND LEGAL <br />SUFFICIENCY BY THE CITY ATTORNEY; AUTHORIZING THE CITY <br />MANAGER AND CITY ATTORNEY TO DO ALL THINGS NECESSARY <br />TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br />EFFECTIVE DATE. <br />WHEREAS, the City of Sunny Isles Beach, is in need of banking services to handle <br />operating cash including, but not limited to, deposits, check payments, payroll checks, ACH <br />processing, wire transfers, and corporate credit cards, and issued Request for Proposals (RFP) No. <br />14- 04 -02; and <br />WHEREAS, the City received three (3) responses, and TD Bank was determined to be the <br />lowest responsible and responsive bidder; and <br />WHEREAS, TD Bank is qualified, willing and able to provide the desired services on the <br />terms and conditions set forth herein, and <br />WHEREAS, the City wishes to award RFP No. 14 -04 -02 to and authorize the City Manager <br />to negotiate and enter into a five -year agreement with TD Bank for banking services with one (1) <br />five -year renewal option, provided said agreement is approved as to form and legal sufficiency by the <br />City Attorney. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Incorporation of Recitals. The recitals set forth in this resolution are incorporated <br />herein by reference as if fully set forth herein. <br />Section 2. Award of Bid and Authorization of City Manager. The City Commission hereby <br />awards RFP No. 14 -14 -02 to and authorizes the City Manager to negotiate and enter into an <br />Agreement with TD Bank for banking services for a period of five (5) years with one five -year <br />renewal option, provided said Agreement is approved as to legal form and sufficiency by the City <br />Attorney. <br />Section 3. Authorization of City Manager and City Attorney. The City Manager and the City <br />Attorney are hereby authorized to do all things necessary to effectuate this Resolution. <br />82014- TD Bank Agmt for Govt Banking Srvs RFP 14 -04 -02 RFP 14 -04 -02 - 1 - <br />