05/08/2018 Resolutions 2018-134RESOLUTION 2018-134
WHEREAS, a Request for Proposals (RFP) for Banking Services was advertised in
April of 2018; and
WHEREAS, the RFP closed on Apri124, 2018; and
WHEREAS, proposals that were received were reviewed; and
WHEREAS, Five Points Bank of Grand Island, Nebraska was selected to provide the
primary banking services to the City of Grand Island at no cost to the City and they will pay interest
on any amount the City maintains on deposit with them, with regular evaluation of this interest rate
beginning at the end of 2019.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the agreement with Five Points Bank of Grand
Island, Nebraska for banking and deposit services is approved.
Adopted by the City Council of the City of Grand Island, Nebraska, May 8, 2018
Attest:
Q� �.�.�,,;��.
RaNae Edwards, City Clerk
I
Jere y .Jen en, yor
Approved as to Form tt
May 7, 2018 tt ity orney