HomeMy WebLinkAbout122-92 RESOLUTION NO. 122-92
SELECTING THE BANK OF WALNUT CREEK
AS PROVIDER OF THE TOWN OF DANVILLE'S GENERAL BANKING SERVICES
AND AWARDING BWC A ONE YEAR CONTRACT
WHEREAS, the Town of Danville requires general banking services for its daily financial
transactions; and
WHEREAS, the provider of the Town's general banking services should meet high
standards for financial strength, capacity and security and should provide competitive,
high quality service while maximizing interest revenue on temporarily idle Town funds;
and
WHEREAS, the Bank of Walnut Creek meets the standards for strength and security and
has submitted a proposal for banking services that offers the lowest cost to the Town and
the greatest opportunity to earn interest revenue; now, therefore
BE IT RESOLVED, by the Town Council of the Town of Danville, that the Bank of Walnut
Creek be selected as provider of the Town's general banking services and that the Town
Manager be authorized to execute, on behalf of the Town, a written contract with the Bank
of Walnut Creek, for general banking services for a term of one year.
APPROVED by the Danville Town Council at a regular meeting held on August 4, 1992
by the following vote:
AYES: LANE,
NOES: NONE
ABSTAINED: NONE
ABSENT: NONE
SHIMANSKY, DOYLE,
GREENBERG, RITCHEY
APPROVED AS TO FORM:
ATTEST:
CITY CLERK
ATTACHMENT A