INTRODUCED BY : CHRIS A TREGRE, PARISH PRESIDENT
(Department of Finance)
RESOLUTION NO. ___________
Title
A resolution approving and authorizing the execution of a Tower-NET Information Reporting and Transaction Initiation Service Agreement with Hibernia National Bank; and approving and authorizing an amendment to the Fiscal Agency Agreement with Hibernia National Bank.
Body
WHEREAS, the Parish wishes to utilize the Tower-NET Information Reporting and Transaction Initiation services available from Hibernia National Bank; and
WHEREAS, the Director of Finance and Hibernia National Bank have agreed upon certain proposed changes to the Fiscal Agency Agreement; and
WHEREAS, the Fiscal Agency Agreement may be amended by mutual agreement between the Parish and Hibernia National Bank.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE PARISH OF ST. CHARLES, STATE OF LOUISIANA:
SECTION I. That the attached Tower-NET Information Reporting and Transaction Initiation Service Agreement with Hibernia National Bank is hereby approved.
SECTION II. That the attached amendment to the Fiscal Agency Agreement with Hibernia National Bank covering the period May 1, 1998 through April 30, 2001 is hereby approved.
SECTION III. That the St. Charles Parish Council Chairman is hereby authorized to execute the attached Tower-NET Information and Transaction Initiation Service Agreement and the attached Fiscal Agency Agreement amendment.
vote
The foregoing Resolution having been submitted to a vote, the vote thereon was as follows:
YEAS:
NAYS:
ABSENT:
And the Resolution was adopted on this, the __________ day of _______________, 1999, to become effective five (5) days after publication in the Official Journal.
RAB/dgRes_Tower-NET
CHAIRMAN:______________________________________________
SECRETARY:_____________________________________________
DLVD/PARISH PRESIDENT:_________________________________
APPROVED:______________ DISAPPROVED:__________________
PARISH PRESIDENT:______________________________________
RETD/SECRETARY:_______________________________________
AT:_______________RECD BY: _____________________________
St. Charles Parish
Fiscal Agency Agreement
May 1, 1998 through April 30, 2001
AMENDMENT NO. 1
Attachment A, bank account service charges for interest bearing and non-interest bearing accounts, of Section II.B.12 of the Fiscal Agency Agreement adopted by Resolution No. 4480 is amended as follows:
New Banking Services Cost Per Item Monthly Cost
Tower-NET Balance Reporting:
Prior Day Reporting Module $50.00
Transaction/Balance Fields Reported
< 500 per month $ 0.25
> 500 per month $ 0.23
> 1,000 per month $ 0.20
Tower-NET Transaction Initiation:
Wire Transfer Module $50.00
Incoming/Outgoing Wire $ 5.00
International Wire Transfer $25.00
Book Transfer $ 0.12
Check Inquiry No Charge
Stop Payment Request $15.00
Check Photocopy Request $ 3.00
Book Transfer (By Letter) $ 0.25
PC ACH Transaction $ 0.10
ACH Return Item $ 2.00
ACH Late Transmission $25.00
ACH File Edit $25.00
Accepted and agreed by:
Hibernia National Bank Parish of St. Charles
Bank Customer
Terry Authement
Name Name
Signature Signature
Council Chairman
Title Title
Date Date
Attest Attest: Council Secretary