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• <br />PREFACE <br />• <br />The City has received two pzoposals £or'depos'itory agreements. <br />Bayshore National Bank's proposal includes assumed interest <br />earnings on our demand account of $110,600. and fees: for' <br />demand account services of $18,48.0. for a net earning of <br />$92,120. <br />La Porte State Bank proposed no interest earnings~on~oux <br />demand account services of $18,438': for a total cost to the <br />City of $18,438. <br />The difference in the bids is $110,5,58. in favor of Bayshore <br />National Bank's proposal. <br />The Administration recommends. the award of the bid per the <br />requirements of the RFP to Bayshore National Bank. <br />