HomeMy WebLinkAbout83-5 - Banking Services - Wells FargoRESOLUTION NO. 83 -5
• A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE
CITY OF NEWPORT BEACH AND WELLS FARGO BANK IN
CONNECTION WITH THE CITY'S BANKING SERVICES (C -2373)
WHEREAS, on February 11, 1980, the.City Council adopted
Resolution No. 9731 providing for banking services for the City
with Security Pacific.National Bank; and
WHEREAS, said agreement with Security Pacific National
Bank shall expire March 31, 1983; and
WHEREAS, there has been presented to the City Council
of the City of Newport Beach a certain agreement between the City
of Newport Beach and Wells Fargo Bank in connection with the
City's banking services; nad
WHEREAS, the City Council has reviewed the terms and
conditions of said agreement and finds them to be satisfactory
and that it would be in the best interest of the City to
authorize the Mayor and City Clerk to execute said agreement;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the said agreement above described
is approved and directed to execute the same on bahalf of the
City of Newport Beach.
BE IT FURTHER RESOLVED that resolution No. 9731 be and
hereby is rescinded effective March 31, 1983.
ADOPTED this
•
ATTEST:
Ars- v'"���
City Clerk
RSP/Bank
10th day of January , 1983.
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