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REQUEST FOR FISCAL AFFAIRS COMMITTEE AGENDA ITEMREQUEST FOR FISCAL AFFAIRS COMMITTEE AGENDA ITEM <br />September 28, 2015September 28, 2015AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />Source of Funds:Source of Funds: <br />Shelley Wolny, TreasurerShelley Wolny, Treasurer <br />Requested By:Requested By: <br />Account Number:Account Number: <br />FinanceFinance <br />Department: <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />Amount Requested:Amount Requested: <br />Exhibits: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />1. Evaluation Summary Evaluation Summary <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />On September 1, 2015, the City opened proposals for Banking Services.  Four banks responded.On September 1, 2015, the City opened proposals for Banking Services.  Four banks responded.   <br /> <br />The proposals submitted by the banks were analyzed based on five main areas: (1) the cost of services; (2) the The proposals submitted by the banks were analyzed based on five main areas: <br /> (1) the cost of services; (2) the <br />ability to provide services required; (3) the creditworthiness of bank, experience and continuity of bank and bank ability to provide services required; (3) the creditworthiness of bank, <br /> experience and continuity of bank and bank <br />officials; (4) time deposit interest rates; (5) and the completeness and clarity of proposal.officials; (4) time deposit interest rates; (5) and the completeness and clarity of proposal.   <br /> <br />Based on our opinion that one respondent has the ability and commitment to offer a superior level of customer Based on our opinion that one respondent has the ability and commitment <br /> to offer a superior level of customer <br />service to the City and a lower cost of services provided, we believe that the proposal submitted by Amegy Bank service to the City and a lower cost of services provided, we believe <br /> that the proposal submitted by Amegy Bank <br />provides the best overall benefit to the City of La Porte.provides the best overall benefit to the City of La Porte. <br />Action Required by the Fiscal Affairs Committee:Action Required by the Fiscal Affairs Committee: <br />Discuss Banking Services Request for Proposals.Discuss Banking Services Request for Proposals. <br />Approved for Fiscal Affairs Committee AgendaApproved for Fiscal Affairs Committee Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerCorby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDateDateDate <br /> <br />