HomeMy WebLinkAbout4.3 Designation of New Bank CITY OF DUBLIN ✓ O
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: July 28, 1986
SUBJECT Designation of New Bank
EXHIBITS ATTACHED Resolution
RECOMMENDATION XAdopt Resolution designating Hibernia Bank as the
City' s bank
FINANCIAL STATEMENT: None
DESCRIPTION Pursuant to City Council direction, Staff has
solicited proposals for banking services from various banks within the City
of Dublin.
After a careful review of the proposals submitted, Staff has selected
Hibernia Bank as the banking institution which shall provide banking
services to the City of Dublin effective August 1, 1986.
Although the Council authorized Staff to select the bank, the bank rules
require the adoption of a Resolution by the City Council appointing Hibernia
Bank as the bank for the City of Dublin.
It is recommended that the Council adopt such a resolution.
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COPIES TO:
ITEM NO. 4., 3
Or
RESOLUTION NO. - 86
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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DESIGNATING A NEW BANK
WHEREAS, the City Manager has solicited proposals for
banking services from various banks within. the City of. Dublin; and
WHEREAS, the City Manager has determined that Hibernia
Bank provides the best service at the lowest possible cost to the
City of Dublin.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Dublin that Hibernia Bank, 6921 Regional Street,
Dublin, California, is hereby designated as the bank for the. City
of Dublin.
PASSED, APPROVED AND ADOPTED this 28th day of, July,
1986 .
AYES:
NOES :
ABSENT:
Mayor
ATTEST:
City Clerk