Action 22.
Regular Board of Supervisors Meeting
Procurement
- Meeting Date:
- 06/24/2014
- Title:
- Banking Services
- Submitted By:
- Terry Rutan, Procurement
- Department:
- Procurement
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
3
NAME
of PRESENTER:
of PRESENTER:
Terry Rutan
TITLE
of PRESENTER:
of PRESENTER:
Senior Buyer
Mandated Function?:
Federal or State Mandate
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Docket Number (If applicable):
Information
Agenda Item Text:
Approve the award of RFP 14-36-TRE-03 for Banking Services to J.P. Morgan/Chase Bank for the period of July 1, 2014 through June 30, 2017.
Background:
The Procurement Department with assistance from the Treasurer prepared Request for Proposal 14-36-TRE-03 for Banking Services. The Request for Proposal was released on April 30. 2014 and advertised in the Arizona Range News on April 30th and May 7th, 2014. Nine banks were contacted telephonically by the Procurement Department and the the proposal was posted on Public Purchase. Three banks responded to the proposal with Bank of America declining to respond due to the change in their banking footprint. The two facilities that returned a response were Wells Fargo Bank and J.P. Morgan Chase Bank
Department's Next Steps (if approved):
Execute contract and monitor contract performance
Impact of NOT Approving/Alternatives:
The County will be out of compliance with ARS 35-325
To BOS Staff: Document Disposition/Follow-Up:
Please sign three copies (1 - Procurement; 1 - Awarded Vendor; 1 - Clerk of the Board)
Fiscal Impact
- Fiscal Year:
- One-time Fixed Costs? ($$$):
- Ongoing Costs? ($$$):
- County Match Required? ($$$):
- A-87 Overhead Amt? (Co. Cost Allocation $$$):
- Source of Funding?:
Fiscal Impact & Funding Sources (if known):
Misc bank fees