Indexed public record
Authorize Approval of Banking Services Agreement
Continue the Item to the next meeting and receive analysis from financial advisor. | Approve Staff recommendation.
- Item number
- 10
- Staff report
- SR-23-061
- Department
- —
- Meeting
- March 21, 2023
- Consent calendar
- No
Recommendation
Authorize the City Manager to execute an Agreement, and any other related documents, with Union Bank/US Bank for general banking services for five years with 2 one year extensions and to take such actions as are necessary to implement and administer the Agreement, and to exercise the available renewal options if in the City's best interest.
Action taken
Continue the Item to the next meeting and receive analysis from financial advisor. | Approve Staff recommendation.
Recorded votes
| Member | Vote | Method |
|---|---|---|
| Betts | aye | individual roll call |
| Nuñez | aye | individual roll call |
| Gardner | no | individual roll call |
| Pye | no | individual roll call |
| Matas | no | individual roll call |
| Gardner | aye | individual roll call |
| Pye | aye | individual roll call |
| Nuñez | aye | individual roll call |
| Matas | aye | individual roll call |
| Betts | no | individual roll call |
Source records
- City Council - March 21, 2023 - Agenda — page 4 (City of Desert Hot Springs) Source date: March 21, 2023. Validated import citation. Import/review method: authenticated agent import.
Supporting excerpt
Authorize Approval of Banking Services Agreement
- City Council - March 21, 2023 - Minutes — page 6 (City of Desert Hot Springs) Source date: March 21, 2023. Validated import citation. Import/review method: authenticated additive enrichment.
Supporting excerpt
Continue the Item to the next meeting and receive analysis from financial advisor. | Approve Staff recommendation.