HomeMy WebLinkAbout2021-184INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS
RENEWAL OF CASH MANAGEMENT MASTER AGREEMENT
FOR BANKING SERVICES
This Renewal extending the Cash Management Agreement for Banking Services (Agreement) is
made and entered into this 9`h day of November, 2021 by and between the Indian River County
Board of County Commissioners, Indian River County, Florida, a county government existing
under the laws of the State of Florida, hereinafter referred to as the "County", whose mailing
address is 1801 27`h Street, Vero Beach, Florida and TD Bank, N.A., authorized to do business in
the State of Florida, whose mailing address is 2130 Centrepark West, West Palm Beach, Florida,
33404.
WHEREAS, the County entered into an Agreement with TD Bank, N.A. on November
15, 2016, to provide banking services for a period of three years with an option for two two-year
renewals, and
WHEREAS, the County and TD Bank, N.A. exercised the first renewal option on
November 12, 2019, extending the Agreement's expiration date from December 31, 2019 to
December 31, 2021.
WHEREAS, the County and "I'D Bank, N.A. desire to exercise the second and final
renewal option, extending the Agreement's expiration date from December 31, 2021 to December
31, 2023.
NOW THEREFORE, in consideration of the mutual promises contained herein, the
County and TD Bank, N.A. agree as follows:
SECTION 1. The Cash Management Agreement for Banking Services is hereby extended
for two additional years and will expire on December 31, 2023 unless otherwise extended or
terminated under the terms of the Agreement.
SECTION 2. In all other respects, the terms of the Agreement shall remain in full force
and effect, and the parties agree to perform all duties and obligations as set forth therein.
SECTION 3. TERMINATION IN REGARDS TO E.S. 287.135: TD Bank, N.A. certifies
that it and those related entities of TD Bank, N.A. as defined by Florida law are not on the
Scrutinized Companies that Boycott Israel List, created pursuant to s. 215.4725 of the Florida
Statutes, and are not engaged in a boycott of Israel. In addition, if this agreement is for goods or
services of one million dollars or more, TD Bank, N.A. certifies that it and those related entities
of TD Bank, N.A. as defined by Florida law are not on the Scrutinized Companies with Activities
in Sudan List or the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector
List, created pursuant to Section 215.473 of the Florida Statutes and are not engaged in business
operations in Cuba or Syria.
The County may terminate this Contract if TD Bank, N.A. is found to have submitted a
false certification as provided under section 287.135(5), Florida Statutes, been placed on the
Scrutinized Companies with Activities in Sudan List or the Scrutinized Companies with Activities
in the Iran Petroleum Energy Sector List, or been engaged in business operations in Cuba or Syria,
as defined by section 287.135, Florida Statutes.
The County may terminate this Contract if TD Bank, N.A., including all wholly
owned subsidiaries, majority-owned subsidiaries, and parent companies that exist for the purpose
of making profit, is found to have been placed on the Scrutinized Companies that Boycott Israel
List or is engaged in a boycott of Israel as set forth in section 215.4725, Florida Statutes.
SECTION 4. TD Bank, N.A. is registered with and will use the Department of
Homeland Security's E -Verify system (www.e-verify.gov) to confirm the employment eligibility
of all newly hired employees for the duration of this agreement, as required by Section 448.095.
F.S. TD Bank, N.A. is also responsible for obtaining proof of E -Verify registration and utilization
for all subcontractors.
In witness whereof, the Parties unto this Renewal have set their hand and seals on the days and
date first written above.
TD BANK N.A
BY:
ROBERT WILKINS, JR. MBA, CCM
VICE PRESIDENT, SENIOR
GOVERNMENT BANKING MANAGER
ATTEST: Jeffrey R. Smith, Clerk
of Court and Comptroller
By:
Deputy Clerk
Approved as to form and legal sufliciency:
By: _
Dy an Reingold
County Attorney
BOARD OF COUN'T'Y COMMISSI
INDIAN RIVER coj.INTY, FLORI
BY:
By: (—A—
Jasqb
B «•n
Co nt Administrator
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