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<br />RESOLUTION NO. 2011- '-'{)L <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING AN AGREEMENT <br />WITH BRANCH BANKING AND TRUST COMPANY (BB&T) FOR <br />GOVERNMENT BANKING SERVICES, ATTACHED HERETO AS <br />EXHIBIT" A", UNDER THE HOUSING AUTHORITY OF THE CITY OF <br />FORT LAUDERDALE PROPOSAL FOR BANKING SERVICES RFP NO. <br />2010-05; AUTHORIZING THE MAYOR TO EXECUTE SAID <br />AGREEMENT; AUTHORIZING THE CITY MANAGER TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; <br />PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Sunny Isles Beach, is in need of government banking services to <br />handle operating cash flow including, but not limited to, deposits, accounts payable checks, payroll <br />checks, AFT processing, and wire transfers; and <br /> <br />WHEREAS, the Branch Banking and Trust Company (BB&T), a national banking <br />association, provided a proposal for these services; and <br /> <br />WHEREAS, the City wishes to enter into a three-year Agreement with BB&T for <br />Government Banking Services with two (2) three-year renewal options, attached hereto as Exhibit <br />"A", under the Housing Authority of the City of Fort Lauderdale Proposal for Banking Services RFP <br />No. 2010-5. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. Approval of Agreement. The City Commission hereby approves the Agreement with <br />Branch Banking and Trust Company (BB&T) for Government Banking Services for a period of three <br />(3) years with two (2) three-year renewal options, attached hereto as Exhibit "A", under the Housing <br />Authority of the City of Fort Lauderdale Proposal for Banking Services RFP No. 2010-5. <br /> <br />Section 2. <br /> <br />Authorization of Mayor. The Mayor is hereby authorized to execute said Agreement. <br /> <br />Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br /> <br />Section 4. <br /> <br />Effective Date. This Resolution will become effective upon adoption. <br /> <br />PASSED AND ADOPTED this 21st day of April 2011. <br /> <br />R2011- BBT Agmtfor Govt Banking Srvs - I - <br />