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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: <br /> <br />October 25,2010 <br /> <br />Appropriation <br /> <br />Source of Funds: General Fund <br /> <br />Requested By: Michael G. Dolby <br /> <br />Account Number: <br /> <br />Department: Finance <br /> <br />Amount Budgeted: <br /> <br />Report~ Resolution~ Ordinance: XX <br /> <br />Amount Requested: <br /> <br />Exhibits: <br /> <br />Contract <br /> <br />Budgeted Item: <br /> <br />YES NO <br /> <br />Exhibits: <br /> <br />Rvalnation Worksheet Snmmary <br /> <br />Exhibits: <br /> <br />Rirlrlpr~' T ,id <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />On August 24, 2010, the City opened proposals for Banking Services. <br /> <br />The proposal submitted by the banks were analyzed based on six areas: (1) the compliance with the <br />qualifications; (2) the ability to provide services; (3) the response to required items per the quotation <br />form; (4) the cost of services; (5) the financial strength and (6) the convenience oflocation. <br /> <br />The analysis of the RFP's was presented to and approved by the Fiscal Affairs on October 25,2010. <br />Based on our opinion ,one respondent has the ability and commitment to offer a superior level of <br />customer service to the City and a lower cost of services provided. We believe that the proposal <br />submitted by Amegy Bank provides the best overall benefit to the City of La Porte. <br /> <br /> <br />/D ~I t6 <br /> <br />Date <br /> <br />- <br />