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HomeMy Public PortalAbout15-8903 Transferring All Existing City Financial Accounts from Wells Fargo to City NationalSponsored by: Commissioner Pinder RESOLUTION NO. 15 -8903 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA, TRANSFERRING ALL EXISTING CITY FINANCIAL ACCOUNTS FROM WELLS FARGO & COMPANY TO CITY NATIONAL BANK OF FLORIDA; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the City of Opa -locka is in the process of restoring the Historic City Hall building; and WHEREAS, City National Bank of Florida (CNB) was willing to assist the City in this important endeavor; and WHEREAS, in order to continue the excellent banking relationship which has been established with City National Bank of Florida (CNB), the City wishes to transfer all financial accounts to City National Bank of Florida (CNB) from Wells Fargo & Company NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA: Section 1. The recitals to the preamble herein are incorporated by reference. Section 2. The Opa -locka City Finance Department is directed to immediately transfer all City accounts from Wells Fargo & Company to City National Bank of Florida (CNB). Section 3. This resolution shall take effect immediately upon adoption. Resolution No. 15 -8903 PASSED AND ADOPTED this 14th day of Januarv, 2015. Attest to: � qL" Jo na Flores City Clerk Moved by: Seconded by: Commission Vote: Commissioner Kelley: Commissioner Pinder: Commissioner Santiago: Vice -Mayor Holmes: Mayor Taylor: MYWA TAY MAYOR Approved as to form and legal sufficiency: Joseph S. Gelle John Dellagloria GREENSPOON MARDER, PA City Attorney COMMISSIONER PINDER COMMISSIONER SANTIAGO 4 -1 YES YES YES NO YES 2