R98-021 RESOLUTION R 98 -.,~/
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
AUTHORIZING AND DIRECTING THE MAYOR
AND CITY CLERK TO EXECUTE AN
ADDENDUM TO THE AGREEMENT FOR
BANKING SERVICES BETWEEN THE CITY OF
BOYNTON BEACH, FLORIDA AND BARNETT
BANK OF PALM BEACH COUNTY; -AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Boynton Beach entered into a Banking
Services Agreement with Barnett Bank of Palm Beach County on
August 24, 1994; and
WHEREAS, Barnett Bank is presently in the process of a
merger with NationsBank; and
WHEREAS, Barnett Bank has agreed to a one-year extension
to the Agreement, so city staff can evaluate the effect of the
pending merger on the performance of this Agreement; and
WHEREAS, city staff has determined that the Agreement with
Barnett Bank should be amended to extend the contract term for an
additional one-year period, with the City having an option to renew
for an additional year.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA,
THAT:
Section 1. The City Commission of the City of Boynton
Beach, Florida does hereby authorize and direct the Mayor and City
!
II
Clerk to execute an Addendum to the Agreement for Banking
Services between the City of Boynton Beach, Florida and Barnett
Bank of Palm Beach County, a copy of said Addendum being
attached hereto as Exhibit "A".
Section 2.
upon passage.
This Resolution will become effective immediately
PASSED AND ADOPTED this,~d day of' ~v~ 1998.
C_~y Clerk
CITY OF BOYNTON BEACH, FLORIDA
Commissioner