2019-16 RESOLUTION 2019 - 16
A RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH
BUFFALO GROVE BANK & TRUST
AND THE VILLAGE OF BUFFALO GROVE FOR BANKING SERVICES
WHEREAS, the Village of Buffalo is a home rule unit pursuant to the Illinois
Constitution of 1970; and
WHEREAS, the Village sought proposals from banking institutions for a Banking
Services for the Village; and
WHEREAS, pursuant to the proposals that were submitted, it is in the best interest of the
Village to execute an agreement with Buffalo Grove Bank & Trust a local branch of Northbrook
Bank&Trust Company a subsidiary of Wintrust Financial Corporation.
NOW THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE
COUNTIES, ILLINOIS, as follows:
SECTION 1. The foregoing recitals are hereby adopted and incorporated and made a part of
this Resolution as if fully set forth herein.
SECTION 2. The Village Manager is authorized to execute an agreement with Wintrust
Financial Corporation and subsidiaries, subject to the review and approval of the Village
Attorney.
SECTION 3. If any section, paragraph, clause or provision of this Resolution shall be held
invalid, the invalidity thereof shall not affect any other provision of this Resolution.
SECTION 4. This Resolution shall be in full force and effect from and after its passage and
approval.
AYES: 5 —Stein Ottenheimer,Weidenfeld Johnson Smith
NAYES: 0—None
RECUSE: 1 - Pike
PASSED: May 20, 2019.
APPROVED: May 20, 2019.
Beverly Sus an, Village President
ATTEST:
Jan 1VY Siraliian, e
g Villa Clerk