Agenda Item # 9.A.
City Commission Day Meeting 9:00 AM
- Meeting Date:
- 08/10/2026
- Re
- Banking Services RFP #2026-018
- Submitted For:
- Johnna Morris
SUBJECT:
Approval of banking services contract for RFP 2026-018 with iTHINK Financial Credit Union for a period of three years with the option to renew for an additional two, one-year periods.
SUMMARY:
On April 6, 2026, City Commission awarded RFP No. 2026-018 to iTHINK Financial Credit Union for banking services. This contract is for three years with the option to renew for two additional one-year periods by mutual agreement of both parties.
RECOMMENDATION:
Staff recommends approving the contract as presented
ALTERNATIVES:
Staff will proceed as directed by Commission
RESPONSIBLE STAFF:
Finance Department
COORDINATED WITH:
Purchasing Department
City Attorney's Office
City Attorney's Office
Fiscal Impact
- Budgeted Y/N:
- Y
- Fiscal Year:
- 2026
- Account:
- 549600
- Amount:
- N/A
FISCAL IMPACT:
Banking Fees are based on types of services and will vary month-to-month.