Mayor and Council Meeting - A. MAX BACON CITY HALL - COUNCIL CHAMBERS — Minutes
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April 07, 2025 7:00 PM City of Smyrna Mayor and Council Meeting 2800 King Street SE Council Chambers Page 6 of 9 The City desires to establish a banking relationship with a bank it does not currently do business with. The bank requested a resolution or other official document from the governing body authorizing the City’s financial officer and the Mayor to establish bank accounts and be authorized signatories. Councilmember Welch stated that he will not support this because typically when the city selects a bank, there is an established selection process. This did not happen in this situation, so he does not feel comfortable with this. Ms. Robinson explained that the main banking relationship is with Truist which was established through an RFP process years ago. This is a one-time occurrence because of a previous relationship with an individual who has moved to this bank. They are active in the community and have been actively speaking to the city to establish a small portion of the funds at this bank. Banking at the city-level is a huge endeavor. The city has recently renegotiated terms and services with Truist pertaining to all other accounts. Mayor Pro Tem Tim Gould stated that engaging with local community banks serves multiple purposes: 1) engagement in the community and, 2) offers the experience of a different level of service. Councilmember Travis Lindley made a motion to approve item ATH2025-060; seconded by Councilmember Rickey N. Oglesby, Jr. The motion to approve carried with the following vote: Aye: 5 – Councilmember Pickens, Councilmember Hines, Councilmember Lindley, Mayor Pro Tem / Councilmember Gould, Councilmember Oglesby Jr. Nay: 2 – Councilmember Welch, Councilmember Wilkinson Recuse: 0 – None C. ATH2025-062 Authorization for the approval of exchanging whatever interest the city has in approximately 7,347.53 square feet of property situated in land lot 684 of the 17th District for approximately 9969.84 Square feet of property now or formerly owned by Foundry Watkins Property, LLC situated in land lot 684 of the 17th district and authorize the mayor to execute a quit claim deed and all related documents. Citywide Kristin Robinson, Deputy City Administrator, provided the following background: The value of both parcels has been established by appraisals. The property to be conveyed to the city is of greater value than the property that it proposes to convey. The appropriate legal notices for the exchange have been published. Councilmember Travis Lindley made a motion to approve item ATH2025-062; seconded by Councilmember Charles Welch. The motion to approve carried with the following vote: