HomeMy WebLinkAboutCity Council Resolution 2010-120CITY OF PLYMOUTH
RESOLUTION NO. 2010-120
A RESOLUTION AWARDING BANKING SERVICES TO M&I BANK
WHEREAS, the City of Plymouth periodically reviews existing
contractual agreements with consultants and advisors to ensure that services and
price strictures best meet the needs of the city; and
WHEREAS, the banking services contract had not been reviewed in
nearly four years, despite major changes in the banking industry; and
WHEREAS, the City of Plymouth requested proposals for banking
services on February 10, 2010; and
WHEREAS, nine local banks submitted qualified proposals on before the
due date of March 12, 2010, and interviews were conducted of the nine banks;
and
WHEREAS, M&I Bank met all evaluation criteria; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA that M & I Bank be
designated as the city's official bank for the city's bank accounts effective July 1,
2010.
Approved this 11th day of May 2010.