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<br />CITY OF LA PORTE <br />RFP #10508 - BANKING SERVICES <br /> <br />I. INTRODUCTION <br />The City of La Porte is seeking proposals from qualified vendors for banking services. <br />The purpose of these specifications is to describe the minimum requirements for the <br />City of La Porte <br /> <br />A. BACKGROUND <br />The City of La Porte, based on an examination of its cash management policies, <br />practices and procedures, is evaluating its banking needs in terms of services and <br />costs. In conjunction with this evaluation, the City is inviting proposals from <br />qualified banking institutions for providing complete banking services to the City of <br />La Porte as described in Section 3. The City of La Porte desires to acquire banking <br />services, which represent the best value to the City. The City considers value to <br />be a function of price and quality. <br /> <br />B. SUBMISSION INSTRUCTIONS <br /> <br />1. Sealed Proposals: Responses to this request, one (1) original and three (3) <br />copies, marked as shown, shall be sealed and mailed or delivered to: <br /> <br />RFP #10508 - BANKING SERVICES <br />Susan Cream, Purchasing Manager <br />City of La Porte <br />2963 N 23rd Street <br />La Porte, Texas 77571 <br /> <br />To be eligible for consideration, all proposals must be filed with the City before <br />2:00 p. m., August 24, 2010. Proposals received after the deadline, regardless of <br />method of delivery, will not be opened or considered by the City. <br /> <br />2. Responses: Proposals must be submitted on the standard forms provided <br />herein, with supporting material attached to the required forms. The City's <br />decision in selecting the proposal that best meets the needs of the City will be <br />based on the data contained in this proposal and on the attached quotation <br />forms. Alternative Proposals (those not conforming to the standard forms <br />provided herein) will be considered as long as sufficient documentation is <br />provided showing the assumptions used in arriving at the proposal. <br />Alternative proposals shOUld demonstrate the financial institutions' unique, <br />cost effective, or innovative approach to not only today's banking needs but <br />also to the rapidly changing demands of the banking industry and its clients. <br /> <br />3. Questions and Clarifications: Any questions or requests for cfarification <br />should be directed to Susan Cream, Purchasing Manager at (281) 470-5126. <br />Inquiries should not be made to other City officials or employees. This <br />Request for Proposal does not commit the City of La Porte to enter into any <br />formal or informal banking services arrangement or to incur any costs related <br />to the preparation of a response. <br /> <br />12 <br />