HomeMy WebLinkAboutR-81-0455-455
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A Rf.'sf7LUTION ACCEPTING THE 131b Of PAS
tliwUIMt.C" 3AI`lk It! THE AMoUNT OF APPRO;.Ti��1TI
$'(�?,42)4,00 Ai; A diwidlE FOR I3Atlt%It`d�, Sl:fiVIGE:` I't�l;
THE CITY OF MIAMI FOR 3 YEARS BE6II424I1dt-.,
jt1tdl;. 1, 1981; WITH SUCH SERVICE CHARGE TO i F:
PAID $Y THE CITY MAIPlTAItdIIJG Ala UN'�I•NiS`If 11
A1,10UNT OF !•10 4t;yYS `Of4 UT:POSIT WITH SAID IsAIiL ; �lITlf
;;AiD flEt�,UIREI) UidII3VES'IED L'ALtutiCFaS Fi�11CTUia`i'ii!}1
L7t�`�iIIdG THE , 3-YEAR PERIOD BASED UP d ACTfIAI� VQLt1IfC�'
OF' SERVICES ptFiVOR!4XD AND THE IIITF;RF::;T ItA7'I OF
NEWLY-18SUEU TRI MSURY BILLS', AUTlIOf'tIZII!(; THEt;I'I"i
r4i.NA('*'R TO EXECUTE A CONTRACT WITII SAI r� I;;At1I: T ii
jjA�c;.'^coRDANCE WITH.'iHE iER:iS Ail!) .CO"DtT
3eaie i bids,rere received Azu ii 5, p'63 f'r)r the CITY
OI° 1411-!I BIVIr:I:111 ; E?VICES; and
W-FEREAS, the City "danager reports that the $79,4211,00 bid of
PanE+..��rican I3at;k is the lowest i•espt�ns .ble bid and recormend� that a Contract be
awarded to said bank; and
WHEREAS, the bid process was engaged in by tl:F Ci t:t 'in conform-
ity wig :i Or i; trot, _- PIo. 8757 adopted on February 23, 1978;
I1G;+', THEREFORE, BE IT RESOLVED BY THE COI✓ildISIUId OF THE CITY
OF 'IA'•"I FLOIRILM:
Sectio:i 1. The April 15, ;1981 bid of Pan American
Ha:.k iu the approximate amount of t79,424 •00 as a charge for p:'c)vidine, 1:ANKIIIG
SERVICIS FOR TAIL' CITY OF MIAMI for 3 yea.rs, such amount to baised ul7on
11
actual bank:• (- :-ervice volume, is hereby accepted.
Section 2. The aforesaid charge of approxit,.::t.EI,Y ti,79, .UO
is to be paid for by the City of %IiLuni through its maintairtin ; oft deea::it with
said ban? ::li::vesteu City moneys,said tu::ount on deposit to fluctuate based upon
fic*ua: brnl:iti service vo'lutne and actual newly -issued Treasuryi`ntcrest rate
over the 3-:1e -tr Teri on.
section 3. The City I•".t:rldger is ilereby authoz• �o eater into
af".y,i ltpan uIlez icwl br�:k 1`()r BANK
the Cu
r,�et•iod be-itlnill- Jutic: 1 , 9" 1 i u
SG>t': ICI:: I �l? MITAM for • a I
%1""t:2'C1f1Ii'!l'. u2 �,i: t,ili' Iif,.ltl:� ��i.�•
CITY COMMISSION
MEETING OF,
Air s_
RE'OLUTION NO t . .......4 J e�►
A RE'SOLUTI()N ACCEPTIN(r THE Bib or PA4
M-U."RICAN BANK IN THE AMIOUNT OF APL'ROXIik.VkTf,LY
R;.i ACHARGE POR WKVIG FE1 VTC " ; I� �)
`i'HE CITY OF MIAMI POR 3 YEARS BEGIfINING'
JOitE 1, 1y81; WITH SUCH SERVICE CI1AROE TO Bin
PAID BY THE CITE' MAINTAINING Ali Ut IINESTt v
AMOUNT OF MONEY" ON DEPOSIT WITH SAID BANK; WITH
:-,AID REQUIRED UNI111VE8TED BALIuDICES FLUCTt1A'iING
DIMING THE 3-YEAR PERIOD BASED UPON ACTUAL VOLUME
OF' SERVICES Pi ?{FOW4ED AND THE INTEREST f1/ i%I OF`
dEULYr `—SUED TREASURY BILLS; 'AIJTHOIM, INC; THI, CITY
MANAGER TO Li�'i?.CIJTi; A CONTRACT WITH SAID BAN': It!
ACCOF:ltAtiCE UiITIt 'IIib: ERi•15 Ai3D CONDITION`. OF 1310 D
$I71
IX'IiEI;EAS, staled bids were received Argil Ir, 1, A] for the CITY
OF ' MIA'•:I HPwlr:i C SERVICES; grid
WHERE16, the City Manager reports that the i q s'Ii214 400 bid of
Fan Anerican Btrrtk is the lowest responsible bid and recormivtids that a C'ontrtict be
awarded to said bank; and
WHEREAS, the bid process was engaged in by the Cit; in conform-
ity wi :t Or -Ina No. 8757 adopted on ' February 23, 1978;
iJOIti, THEREFORE, BE IT RESOLVED BY THE CONNISSION OF THE CITY
OF '•1IA'dI FL:Oi,iI;A:
Section 1. 'The April 15,; 1981 bid of Pan American
in the apyr(_.xima.te amount of $ 9,424.00 as a charge for pt _)viding, BANKING
SERVICES FOI' TIIF CITY OF MIAMI for 3 years, such amount to fl act uatle based ; upon'
actual bank:.•:(; service volume, is 'hereby accepted.
Section 2. The 'aforesaid charge of approxlrrute?;r ;79,4<)i.00
is to be raid for by the :City of Miami through its maintairritt^, on deposit with
said but,?.. .jrtir vested City moneys, said arr:ount on deposit to:, ftuctusty based. upon
:situct bankitig st:r•vice vo'_urae and actual newly -issued Treasury ratera.
over the` 3-ye'lr period,
;section 3. The City: .a.ria.ger is hereby authori'z -d to entzr into
:'urtt,r act or: i�ettr�? �' o!' f.he Ci :y �t ".iLu:�i vi.t,h Pali Arlericuti bujik t'or 1�AI:hIt3(;
�iC.I''i'lc , F',P 1'III' cTIVY OF t•1Te1t".? for a "-yvar period I)Qginninf- J(int: In
air •t�rdru:::� ;ritlt the I:rt1:k's b Si.
CITY COMMISSIQN
MEETING OF
MAY2 $1961
45.
1'fEM:
Bahkihq services
btPARTMENT:
Finance
R:A50N:
Three Year banking service
National Bank of Florida
1'0tv,NTIAt B1DbVRB:
Bank of Miami
Miami
van American Bank, N.A.
Barnett Bank of
People's bowiitown National
Biscayne Bank..
Bank
Capital Bank
BNational Bank of Miami
ublic
Central Bank 6 Trust Company
Bank of Miami
ey
Royal Trust Bank
Central National
City National Bank of Miami
Safrabank
First National Bank
Commercial Bank & Trust Company
Southeast
First National BankofGreater
of Miami
Bank of Miami
Miami
First State Ban k of Miami
Sun
Totalbank
k o
United National Banf Miami
Florida National Bank of Miami
Miami
Coconut Grove Bank
Flagship National Bank of
Continental National Bank
Hemsphere National Bank
Intercontinental Bank
Miami National Bank
BIDS RECEIVED:
2
Compensating balances
FiT1DS;
BID EVALUATION:
Pan American Bank, the lowest
bidder, complies with all
list of institutions
specifications. Following is
a
bidding:
Estimated Cost
Name
_
Pan American Batik
$79,424
Southeast First National
86,351
Bank of Miami
IT IS RECOMMENDED BY THE FINANCE DEPARTMENT THAT THE
RECUMMCNDATION:
AWARD BE MADE To PAN At•1ERICAN
BANK.
81-455
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!�3 sur P AN 0 0 M
Matty I#irai s Assistant City Cleric
April, 8 1981
Bids for Certain
Bahkitig
Services.
r
Robert $. Burns
Assistant Finance Director
Treasury Management Division
This memo is to inform ,you that bids
for Certain Banking Services for
the City of Miami, i.e. Servicing; of
Loan Mortgages; will be due in
the City Clerk's office by 11:00 A.ht.
April 15, 1981,
This R.F.P: is in addition to a. second
R.F.P. for bids for the
1981-
entire
City's banking _services also due by _11:00
A.M. April 15,
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