Resolution No. 21-73RESOLUTION NO. 21-73
A RESOLUTION OF THE CITY OF ATLANTIC BEACH,
FLORIDA APPROVING A THREE YEAR CONTRACT FOR
BANKING SERVICES WITH BANK OF AMERICA AND
AUTHORIZING THE CITY MANAGER TO EXECUTE THE
CONTRACT; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, the City of Atlantic Beach has had a long standing relationship with its
current banker, Bank of America N.A.; and
WHEREAS, the City of Atlantic Beach does not have a current contract with Bank of
America,N.A.; and
WHEREAS, the City of Atlantic Beach wishes to enter into a contract with Bank of
America N.A. in order to lower banking costs outlined within the contract.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Atlantic Beach, Florida, that
1. The City Commission authorizes the City Manager to execute the
contract with Bank of America N.A. The City's obligations in years two
and three are subject to appropriations in the annual approved City
budgets.
2. This resolution shall take effect immediately upon its passage and
adoption by the City Commission of the City of Atlantic Beach, Florida.
ADOPTED by the City Commission of the City of Atlantic Beach, Florida on the 22"d day of
November 2021.
Ellen Glasser
Mayor/Presiding Officer
Approved as to form and correctness:
B aM.en
City Attorney
ATTEST:
Donna L. Bartle
City Clerk