BOARD OF ISLAND COUNTY COMMISSIONERS MINUTES OF SPECIAL SESSION--DECEMBER 22, 2004

 

The Board of Island County Commissioners  met briefly in Special Session Wednesday, December 22, 2004, at 11:00 a.m. in Conference Room #218, Courthouse Administration Building, 1 N. E. 7th Street, Coupeville, Wa.    William J. Byrd,  Chairman, Mike Shelton, Member, and Wm. L. McDowell,  Member,  were present.   Elaine Marlow, Budget Director and Clerk of the Board, and Linda Riffe, Treasurer, also attended.

 

The Special Session was called for the purpose of considering termination of Master Agreement for Treasurery Management Services with Wells Fargo as recommended by  Ms.  Riffe.  Wells Fargo responded with RFP representing the lowest cost for said services, and agreement approved with Wells Fargo.   In the implementation process, Wells Fargo  advised they were  unable to provide Island County with the warrant clearing and positive pay process and by letter dated December 14, 2004 provided intent to terminate by mutual consent effective the date of the letter, the Master Agreement for Treasury Management Services October 26, 2004.     

 

Ms. Riffe,  in the County’s best interest, plans to move forward, stay with Key Bank and expand services with that bank, the second lowest cost when RFPs were presented.   She will be meeting with Key Bank representatives the first week in January.

 

By unanimous  the Board approved and signed letter of intent to terminate by mutual consent the Master Agreement for Treasury Management  Services dated October 26, 2004, between Island County  and Wells Fargo Bank.

 

There being no further business to come before the Board, the special session adjourned at 11:05 a.m.   The next regular meeting of the Board will be January 3, 2005 at 9:30 a.m.

 

                                             BOARD OF COUNTY COMMISSIONERS

                                             ISLAND COUNTY, WASHINGTON

 

 

                                                 ______________________________

                                                 William J. Byrd,     Chairman

                                                                                                                                                                                                _____________________________

                                                Mike Shelton,  Member

 

                                                _____________________________

                                                Wm. L. McDowell,   Member

 

 

ATTEST:    ____________­­­­­___________

Elaine Marlow, Clerk of the Board