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MINUTE ORDER <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD, <br />PUBLIC FINANCING AUTHORITY MEETING <br />July 25, 2016 <br />MO. 16-138 <br />CITY CLERK DEPARTMENT <br />Redwood City <br />Date: July 26, 2016 <br />Attention: City Attorney <br />Finance Director <br />**hard copy available upon request** <br />SUBJECT: Wells Fargo Banking Agreement <br />AGENDA ITEM: 6.1H (304) <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority of <br />Redwood City on July 25, 2016. <br />Present: Council Members, Aguirre, Borgens, Gee, Howard, Masur, Vice Mayor Bain and <br />Mayor Seybert. <br />M/S Aguirre/Gee to approve the Consent Calendar. <br />By motion, approve and authorize the City Manager to execute a banking services agreement <br />with Wells Fargo Bank in an amount not to exceed $450,000 for five years, with an option for <br />a two-year extension <br />Motion carried unanimously by electronic vote. <br />Silvia Vonderlinden <br />Municipal City Clerk <br />