Minutes - Council - 10/11/2005 - Laserfiche WebLink

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Motion by Councilmember Elvig, seconded by Councilmember Cook, to direct that staff not proceed with the bid alternate for Kasota Stone. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Cook, Jeffrey, Olson, l~t, arson, and Strommen. Voting No: None. Case #8: Report from Finance Committee I) Award Contract for Banking Services Finance Officer Lund reviewed that on Tuesday, September 13, 2005, the City Council authori×cd staff to solicit proposals for banking services by distributing the "Request for lh'oposal - Banking Services" to the three local banking institutions - Landmark Community Bank, Village Bank and Bank of the West. Each of the banks provided the City with a proposal /bt banking services. The proposals for banking services were received and opened on Monday, October 3, 2005. Thc proposals were then reviewed and the information contained in them was analy×ed using banking industry ratio trends, an evaluation matrix, and the summary of services ctmrgcs. The matrix takes into consideration industry trends as well as "non-statistical" trends. She advised based on the matrix Village Bank exceeded the other two banks in the two areas that are very important to the City, which are interest rates and service fees. l:inancc ()fficer Lund advised award of this contract for banking services does not eliminate I,anchnark Community Bank or Bank of the West from financial activities with the City. The City will continue to purchase investments from either institution, such as certificates of d,~posits, opening a money market savings account, etc. The City is negotiating a one year agreement. At year ending 2006, and each year thereafter, the services of the City's banking institution will be examined and a recommendation will be made as to whether to continue with s~&t bank for the following year. A resolution will be recorded in Janum7 stating said bank as the financial institution that will provide the City of Ramsey its banking services for the year. She advised staff recom~nends that the award for banking services be made to Village Bank for s~'rviccs to bcgin as of November 1, 2005. Motion by Councihnelnber Strommen, seconded by Councilmember Olson, to ratify the recommendation of the Finance Committee and to adopt Resolution #05-10-346 Awarding Banking Services to Village Bank. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Strommen, Olson, Cook, Elvig, .l~f't'rcy, and l~earson. Voting No: None. ('ase #9: Report from Public Works 1 ) Consider Request to Establish a Bicycle/Pedestrian Lane on Waco Street /X. ssi stant l~ublic Works Director Olson stated staff received a request from a resident on Waco Street asking that the City consider the establishment of a marked pedestrian/bicycle trail along om~' side oC Waco Street south of Sunwood Drive, presumably ending at Rivers Bend Park. The City Council / October 11, 2005 Page 11 of 17