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DocuSign Envelope ID: B8B63289-OA87-4E60-AOAA-68CF799OB68C <br /> RESOLUTION NO. 3106 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANACORTES TO <br /> MOVE CITY BANKING SERVICES TO SAVI BANK <br /> WHEREAS, The Governmental Finance Officers Association (GFOA)best practices recommend that <br /> Request for Proposals (RFPs)for municipal banking services be sought every five years; and <br /> WHEREAS, The City of Anacortes issued such a request in September of 2022, and received two <br /> proposals that were both qualified to provide municipal banking services in Washington State; and <br /> WHEREAS, Review of the proposals by City Staff concluded that Savi Bank had the higher ranking <br /> out of the two qualified respondents. <br /> NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Anacortes, Washington <br /> as follows: <br /> 1. The City hereby selects Savi Bank to provide banking services for the City; and <br /> 2. City Council directs City staff to work with Savi Bank to negotiate terms of a banking services <br /> agreement, which must be approved by Council at a later date. <br /> INTRODUCED, PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF <br /> ANACORTES on this 23,d day of January 2023. <br /> Matt Miller, Mayor <br /> Approved as to form: <br /> Darcy S w etnam�WSBA#40530 <br /> City Attorney <br /> Attest: <br /> S 0, t�b <br /> Steven D. Hoglund <br /> City Clerk/ Treasurer <br />