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JEFFREY R. SMITH, CPA, CGFO, CGMA <br />Clerk of Circuit Court & Comptroller <br />P.O. Box 1028 <br />Vero Beach, FL 32961-1028 <br />Telephone: (772) 770-5185 <br />TO: Board of County Commissioners <br />FROM: Diane Bernardo, Finance DirectorU <br />THROUGH: Jeffrey R. Smith, Clerk of Circuit Court and Comptroller <br />7r <br />DATE: November 7, 2016 <br />SUBJECT: TD Banking Contract <br />On October 18, 2016, the Board awarded the banking services for the Board of County <br />Commissioners to TD Bank and authorized staff to work with TD Bank on a contract to bring <br />back to the Board at a later date. Attached are the various agreements provided by TD Bank. <br />Finance staff and the County Attorney's Office have been working with TD Bank on updating <br />the contract documents to reflect TD Bank's proposal as well as some small technical and legal <br />issues. A substantial amount of time is needed to complete the implementation and transition the <br />Board's accounts to TD Bank by the January 1, 2017 start date. The existing banking services <br />agreements expire on December 31St. Finance staff requests the Board to approve the attached <br />documents and authorize the Chairman to execute them upon final review and approval by the <br />County Attorney. The final approved documents will be placed on a future Board Agenda as an <br />informational item. <br />Recommendation: <br />Staff recommends the Board to approve the attached documents and authorize the Chairman to <br />execute them upon final review and approval of the County Attorney. Staff also recommends <br />that the Chairmanbe authorized to execute any other documents necessary to effectuate these <br />documents. <br />APPROVED AGENDA ITEM: <br />FOR: 11/15/2016 <br />Indian River County ApOiL Date <br />Administrator i n A !( <br />County Attorney <br />Budget / <br />Department <br />Risk Mana ement <br />23 <br />