Agenda - Council - 10/13/1998 - Laserfiche WebLink

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Co The -City Administrator or the Finance Officer will notify the banking institution selected by October 28, 1998. Proposal ..Evaluation Proposals wilt be evaluated by the Finance Officer in order to ascertain which proposer best meets the needs of the City. Evaluation considerations will include, but not necessarily be limited to, the following: Banking institutions' financial statistics, including size, profitability, assets, equity, liquidity, and management. Responsiveness of the proposal in clearly stating an understanding of the City's banking service requirements. 3. Banking institutions' ability to provide services required by the City. 4. Cost of providing banking services. THE CITY RESERVES THE RIGHT TO REJECT ANY AND ALL PROPOSALS SUBMITTED. Information Requested from Proposers In order to achieve a uniform review of all proposals and to thus obtain the maximum degree of comparability, it is required that proposals be organized in the manner specified below. Title Page - Clearly indicate the subject of the proposal, the name of the proposer's institution, institution's address, phone number, the name of a contact person from the institution, and the date of the proposal. Table of Contents - Include a clear identification of the material by section and page number. Letter of Transmittal - This section should be limited to two pages. Proposers may use this section to present any information that they consider essential to their proposal. Give the names of the persons who are authorized to make representations for the proposer, along with their titles, business address and phone numbers. Independence or' th, Proposer - the following information is required: A) Describe any business, investment or family relationships with the City, City officials, appointed employees or department heads. B) Describe any formal independence guidelines used by your institution.