Laserfiche WebLink
Transmittal Letter <br />All of the City of Sunny Isles Beach's funds that are not required to off-set service fees will automatically <br />receive an interest rate of 300 basis points*. Key details of TD's offer to the City of Sunny Isles Beach <br />are: <br />Substantial Net Interest Benefit over current financial institution <br />"Managed” Earnings Credit Rate (ECR) with a rate of 300 basis points* <br />Competitive 300 basis points* Interest for Excess Funds Not Needed to Offset Banking <br />Services <br />TD Bank provides the City of Sunny Isles Beach a 9 month waiver of Account Analysis fees, <br />not including Courier fees, from the date of contract signing. TD Bank will provide the City a <br />monthly banking account analysis <br />No FDIC Charges for the Life of the Contract <br />Customized, In-Person or Virtual Trainings on all TD Bank Services (if needed) <br />Local Relationship Management Team, in Ft. Lauderdale <br />The City will NOT incur any transition costs or the need to allocate valuable time and resources <br />to a conversion. <br />Waiving All One-Time Implementation Costs Related to any additional Banking Services <br />At TD Bank, we are convinced that our innovative approaches and commitment to detail set us apart <br />from the competition. Our Government Banking team will work side-by-side with the staff from the City <br />to ensure complete satisfaction. In addition, we pledge to keep you abreast of the latest developments <br />related to Banking Services. <br />As part of the new contract process: execution/updates of signature cards, a corporate resolution, and <br />a TD Bank Cash Management Master Agreement will be required. Copies of these documents will be <br />made available after our initial meeting discussing any updates needed and the implementation <br />process. <br />Thank you for the opportunity to present our bid to City of Sunny Isles Beach. We are confident that <br />the City of Sunny Isles Beach will continue to find comfort in knowing that TD Bank is one of the world's <br />strongest financial institutions and will continue to be a safe and sound financial partner. We look <br />forward to your favorable response. Should the City of Sunny Isles Beach require any additional <br />information, you may continue to contact your relationship manager, Pamela Ramkalawan. <br />Sincerely, <br />Pamela Ramkalawan <br />Government Banking Relationship Manager <br />TD Bank's FL Diversity and Inclusion WIL Chair <br />5900 N. Andrews Ave. 2nd Floor <br />Ft. Lauderdale, FL 33309 <br />Phone: (954) 233-2064 <br />Cell: (561) 866-8368 <br />Fax: (954) 233-2037 <br />Email: Pamela.Ramkalawan@td.com <br />Proposed by: TD Bank, N.A.Page 6 <br />Confidential