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CC Regular Session 4. 18. <br />Meeting Date: 09/25/2012 <br />By: Diana Lund, Finance <br />Information <br />Title: <br />Report From the Finance Committee of 9-11-12. <br />Agenda Item - Authorize Request for Proposals for Banking Services <br />Background: <br />Staff presented a draft copy of an RFP for banking services. The city has been with Village Bank for the city's <br />banking needs since November 2005 and would like to take this opportunity to see what is available in banking <br />services in relationship to service charges, interest, Positive Pay, credit card processing, etc. <br />A January 2013 start date is proposed. <br />Recommendation: <br />Recommendation to submit RFP for banking services to the four banks located within the city of Ramsey: Bank of <br />the West, Landmark, US Bank and Village Bank. <br />Council Action: <br />Motion to confirm the recommendation of the Finance Committee to submit an RFP for banking services to Bank <br />of the West, Landmark Bank, US Bank and Village Bank with the understanding that banking services would begin <br />January 1, 2013 if there is a change from the current bank vendor (Village Bank). <br />Request for Proposals - Banking Services <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 09/19/2012 11:17 AM <br />Form Started By: Diana Lund Started On: 09/11/2012 09:59 AM <br />Final Approval Date: 09/19/2012 <br />