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RESOLUTION NO. 86 -16 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />• OF NEWPORT BEACH AUTHORIZING THE MAYOR AND <br />CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE <br />CITY OF NEWPORT BEACH AND CITY NATIONAL BANK <br />IN CONNECTION WITH THE CITY'S BANKING SERVICES <br />WHEREAS, the current Agreement for Banking Services <br />between the City and City National Bank expires March 31, 1986; <br />and <br />WHEREAS, the City Council has reviewed the terms and <br />conditions of a new Agreement for Banking Services between the <br />City of Newport Beach and City National Bank, a copy of which is <br />attached to this Resolution, and finds the proposed Agreement to <br />be satisfactory. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach that the Agreement for Banking <br />Services, attached as Exhibit "A," is hereby approved and the <br />Mayor and City Clerk are hereby authorized to execute the same on <br />behalf of the City of Newport Beach. <br />ATTEST: <br />City Clerk <br />• <br />ADOPTED this 10th day of March , 1986. <br />