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<br />II. MINIMUM QUALIFICATIONS FOR SUBMITTING A PROPOSAL <br />In response to this Request for Proposal, the offeror acknowledges and understands <br />that the following conditions must be met during all times services are provided to the <br />City: <br /> <br />A. Basic Bank Qualifications: The bank must be a Federal or Texas Chartered Bank <br />with a branch located in La Porte. <br /> <br />Amegy Bank is a Federal Chartered Bank. <br /> <br />Amegy Bank's La Porte Branch is located at <br />1401 Fairmont Parkway <br />La Porte, Texas 77571 <br /> <br />B. Approved Collateral: A bank submitting a proposal must have identifiable collateral <br />which meets the requirements of Texas law for public depositories, and which is <br />sufficient to cover the City's deposits at 102% at aU times. The City would consider <br />the use of letters of credit as collateral. <br /> <br />C. Adequate Size to Provide Services: A bank submitting a proposal must have <br />adequate organization, facilities, equipment, and personnel to provide prompt and <br />efficient service to the City. . <br /> <br />D. City Liaison: A bank submitting a proposal must assign a senior level bank <br />management person as liaison with the City's Finance Department. <br /> <br />The City of La Porte's Relationship Officer will be James Prickett and the City's <br />Treasury Management officer will be Annis Bonita Reed. <br /> <br />D. References: Provide three Texas local government references for cash <br />management services. <br /> <br />See section II - C <br /> <br />III. STATEMENT OF REQUIRED SERVICES <br />The City has determined the following services and products are the minimum <br />necessary to fulfill the current and foreseeable future banking service requirements of <br />the City of La Porte. A description of our typical activity is as follows: <br />1. All receipts are credited to the General Operating Account. The daily operating <br />balance in this account averages $2,000,000. <br /> <br />2. Disbursements are made from the General Operating Account to vendors and <br />other fund accounts maintained by the city. The City issues an average of 500 <br />checks per month for an average total amount of $3,900,000 through this <br />account. <br /> <br />3. The City collects property taxes for La Porte Independent School District. <br />These collections are deposited into the City's General Operating Account and <br />are transferred to the school district by ACH on a daily basis. For the month of <br />January these deposits totaled $45,000,000. <br /> <br />14 <br />