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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: Elissa Nagy, Finance Director <br />THROUGH: Jeffrey R. Smith, Clerk of Circuit Court and Comptroller <br />DATE: November 2, 2021 <br />SUBJECT: TD Bank — Banking Services Agreement Renewal <br />On October 18, 2016, the Board awarded the banking services for the Board of County <br />Commissioners to TD Bank and entered into an agreement with TD Bank on November 15, <br />2016. That agreement covered the time frame January 1, 2017 through December 31, 2019 and <br />included the option for two additional two-year renewal terms. On November 12, 2019, the <br />Board approved exercising the first two-year renewal term, extending the agreement until <br />December 31, 2021. Staff is satisfied with TD Bank's services and requests to exercise the <br />second and final two-year renewal option, extending the agreement until December 31, 2023. <br />Recommendation: <br />Staff recommends the Board to approve the attached document and authorize the Chairman to <br />execute them. <br />33 <br />