CouncilTrac · Matter
What this is
The council will review and discuss a request for proposals (RFP) for the city's bank depository services.
Why it matters
The selection of a bank depository affects how the city holds and manages public funds on behalf of residents.
Timeline
- July 13, 2026 Agenda posted — March 2, 2020 meeting
Appearances on agendas
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City Council — March 2, 2020
Review and discuss
Official agenda language
REVIEW AND DISCUSS THE BANK DEPOSITORY REQUEST FOR PROPOSALS
Documents
Related matters
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Award bank depository services contract to Bank of America
Staff recommends awarding the city's bank depository services contract to Bank of America through Request for Applications #703-25.
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Bid #13-25: $1,400,696 purchase of Tyler Payments merchant services system
The council would approve a cooperative purchase of the Tyler Payments Merchant Services System from Tyler Technologies through Sourcewell Contract #090320-TTI for $1,400,696. This system processes payments made to the city.
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Award RFP for bank depository services to Bank of America
The council is asked to award RFP #702-20 to Bank of America for bank depository services at unit pricing.
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