HomeMy WebLinkAboutCity of Tamarac Resolution R-87-180r
Introduced by: (/14 Temp. Reso. #4637
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-87- /o 0
A RESOLUTION AWARDING A BID FOR THE CITY'S DE-
POSITORY TO SUN BANK, BID #87-5; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City Council authorized the administration
to go to bid at its meeting on February 11, 1987; and
-WHEREAS, bids were advertised in the Fort Lauderdale
News/Sun Sentinel, a newspaper of general circulation in
Broward County' on February 18, 1987 and February 25,
1987; and
WHEREAS, bids were opened on March 19, 1987; and
WHEREAS, Sun Bank is the lowest fully responsive and
responsible bidder.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
TAMARAC, FLORIDA:
,SE(tTION 1: That the bid of Sun Bank in the amount of
$12,548.80, with a compensating cash balance of $127,964.98,
is HEREBY APPROVED.
PASSED, ADOPTED AND APPROVED this � 7 day of ,
1987.
ATTEST:
CAROL E. BARBUTO
CITY CLERK
I HEREBY CERTIFY that I have
approved the form and correct-
ness of this RES=TION.
CONSUZ,TING CTX+ ATTORNEY �,
✓' BERNARD HART'
MAYOR
MAYOR: HART ......�.
DIST. 1: C/M ROHR
DIST. 2: C/M STELZER
DIST. 3: C/M HOFFMAN
DIST. 4: V/M STEIN ...«..
U
U n- /5o
'l
EXHIBIT 2
CITY OF TAMARAC BANKING SERVICES
46 CONSOLIDATED BID FORK
BANK SUBMITTING
BANK DEPOSITORY ESTIMATED
BID CHARGE
ANNUAL SERVICE
SERVICES ANNUAL VOLUME
PER ITEM
CHARGES
Account Maintenance
5
$ 8.50
$ 42.90
Checks Paid:
Accounts Payable
26,300
.08
1304.00
(1)
Items Deposited:
Other (non lock -box)
10,000
.044
440.00
Returned Checks
400
2.00
800.00
Stop Payments
10
5.00
50.00
Wire Transfers:
Incoming
40
5.00
200.00
Outgoing
40
6.00
240.00
Bank Transfers Between Master 1zz
pp
l28:88
Zero Balance
Accounts Subsidiary A/Cs
48
1T
fer29:88
(2)
Daily Telephone Call
252
.043
47.30
(2)
Daily Report on
Concentration Account
252
90.00
1080.0u
F
OTHER BANKING SERVICES
Computer Tape - Paid
. Checks (provided
monthly)
26,500
Checks Sorted by Number
16,200
Reprchase Agreements:
Safekeeping receipts
252
Investments
252
Armored Car Service in
days (per month)
Z51.2 24
Account Direct Deposit
payroll and other
91000
.05
.025
N/C
N/C
200.00
ACH Direct Deposit Tape 26
Average Monthly Amount (Total Bid - 12
Balance Required to Support $1.00 of
Services (Exhibit 2-A)
Required Monthly Compensating Balance
!Minimum amounts required for repurchase
agreement: $100,000, $1000 increments
Initial
Open $ 207,232
Variance ( + or -)
825.00
405.00
N/C
N/C
4800.00 ja"tw£ +8d'
.125
25.00 650.00y•�
Total Bid12.548.80
$1 , d45.23
C 791-doX
$ _s9a_y'7
Ncw
$ 207, 232.31
Increment