A Request for Proposal (RFP) was issued on April 23, 2015 to select a qualified firm to provide General Banking Services. Six (6) responsive proposals were received and reviewed by an Advisory Committee comprised of the following individuals:

Based on the information presented in the proposals and the evaluation criteria set forth in the RFP, the firms were ranked by the Advisory Committee in the following order:

The initial contract term is five (5) years with an option to renew for two (2) additional two (2) year terms.  The estimated annual expenditure is $128,301.00.

Bank of America, N.A. did not submit a M/WBE or VBE Participation Plan with their proposal. 

Approval of the ranking established by the Advisory Committee and approval and authorization for the Chief Procurement Officer to negotiate and execute a contract, any related implementation documents and subsequent renewals with the top ranked firm, Bank of America, N.A., as indicated above.  If negotiations are not successful with the top ranked firm, approval and authorization for the Chief Procurement Officer to negotiate with the remaining firms in ranked order and execute a contract, any related implementation documents and subsequent renewals as indicated above, with the highest ranked firm with whom agreement is reached.  The final negotiated agreement will be subject to review and approval by the City Attorney’s Office.