R-1140 - 11/08/2011 - AGREEMENT - ResolutionsRESOLUTION 2011 -AG-FI-R-1 140
A RESOLUTION APPROVING AND AUTHORIZING
THE EXECUTION OF AN AGREEMENT BY AND BETWEEN
THE VILLAGE OF OAK BROOK AND CHASE BANK
TO PROVIDE BANKING AND OTHER FINANCIAL SERVICES
WHEREAS, the Village's current contract for the provision of providing banking services and
other services currently expires December 31, 2011, and
WHEREAS, the Village solicited proposals for Banking Services; and
WHEREAS, the Village received nine proposals in response to its request for proposals for
Banking Services; and
WHEREAS, Chase Bank ( "Chase ") submitted the best overall proposal for Banking Services; and
WHEREAS, the Village and Chase desire to enter into and execute a Professional Services
Agreement for Chase to provide Banking Services ( "Agreement "); and
WHEREAS, the President and Board of Trustees have determined that it is in the best interests of
the Village to enter into the Agreement in a final form as approved by the Village Attorney;
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1: Recitals. The foregoing recitals are hereby incorporated into, and made a part
of, this Resolution as the findings of the President and Board of Trustees of the Village of Oak Brook.
Section 2: Approval of the Agreement. The President and Board of Trustees hereby
approve the Agreement by and between the Village and Chase Bank in a form acceptable to the Village
Manager and the Village Attorney.
Section 3: Authorization and Execution of the Agreement. The Village President and Village
Clerk shall be, and hereby are, authorized to execute the final Agreement on behalf of the Village.
Section 4: Effective Date. This Resolution shall be in full force and effect upon passage and
approval in the manner provided by law.
APPROVED THIS 8th day of November, 2011
President
PASSED THIS 81" day of November, 2011
Ayes: Trustees Aktipis, Manzo, Moy, Wolin and Yusuf
None
Trustee Zaunis
4
Resolution 2011- AG -FI -R -1140
Banking Services Agreement
Page 2 of 2
ATTESC /l
Charlotte K. Pruss
Village Clerk