Agenda - Council - 09/13/2005 - Laserfiche WebLink

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REQUEST FOR PROPOSAL FOR BANKING SERVICES CITY OF RAMSEY DIANA LUND, FINANCE OFFICER 15153 Nowthen Boulevard NW Ramsey, Minnesota 55303 Phone: (763) 433-9847 ri'he City of Ramsey invites written proposals from those banking institutions located within the community and wishing to serve the City's banking needs beginning November 1, 2005. Proposals should be submitted using the above address. I'urpose of Request ri'he City will utilize a timetable that should result in the recommendation of a banking institution at the October l lth City Council meeting. To achieve this, written proposals must be submitted by 4:30 p.m. on Friday September 30, 2005. It is anticipated that the service begin date would be November 1, 2005. 'l'hc intent of the City is to enter into a written contract, with the agreed upon party, for a period of one year. Thereafter (assuming no terms have changed), on the first of each year, a resolution will be passed designating said bank as the institution that will provide thc (;ity of Ramsey's banking services for that year. Instructions to Proposers All proposals should be sent to, and any questions or comments directed to: Diana Lund, Finance Officer City of Ramsey 15153 Nowthen Boulevard NW Ramsey, Minnesota 55303 Phone: (763) 433-9847 B. All proposals must be in a sealed envelope clearly marked: "Sealed Proposal - Banking Services." All proposals must be received by 4:30 p.m. on September 30, 2005 at which time they will be opened. Three (3) copies of the proposal must be submitted. Thc l:inance Officer will notify the banking institution selected by October 12, 2005. l'roposal Evaluation l~roposals will 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: