Government Contract | Texas
Primary Depository Services

Bid Information


Bid Alert No: 00002755365

Bid Title: Primary Depository Services

Agency Bid No. Title: RFA 21-017

Received Date: 09/20/2021

Close Date: 10/20/2021

Purchase Type: Not Stated

Delivery Point: League City, Texas

Delivery Date: Not Stated

Special Notices: Pre-Bid Conference Optional 09/28/2021 01:30 PM, Questions Due By 10/01/2021 05:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to: To be eligible to respond to this RFA, the financial institution must have a full service brick & mortar presence within the municipal boundaries of the City of League City, Texas.The City expects that the Depository Services Agreement included in Exhibit 3 of this RFA detailing the required services be duly executed between the City and the awarded financial institution.Any and all charges and fees associated with the Depository Services Agreement must be clearly and accurately included in the RFA response. The charges and fees represented in the RFA response shall overrule any and all previous bank service or other agreements between the City and the financial institution, as they relate to the accounts and services included herein. The City will not be obligated by any charges and fees not clearly and accurately presented in the RFA response. Services initiated after consummation of the Depository Services Agreement shall carry charges and fees mutually agreed to, in writing, by the City and the financial institution. Regardless of time delay, the financial institution shall refund or credit the City for any erroneous charges and fees not agreed to in writing.The City is soliciting applications for banking services currently utilized or being considered by the City. The City intends to manage its funds to minimize service charges and optimize investment income as authorized by policy and permitted by state law. Depending upon market conditions, future collected funds balances may be reduced and invested in other available investment alternatives.

Product Code: 94625

Agency Information


Issuing Agency: City of League City

State: Texas

Agency Type: State and Local

Contact: 144 Park Ave, Suite 100, League City, Texas, 77573

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