Non-Action Items 7.
Legal Committee
- Meeting Date:
- 09/24/2026
COMMITTEE:
Legal
CONTACT:
C. Josh Nairn-Mahan
CHAIR:
Cristina Arnold
ACTION REQUESTED:
Discussion: Development of an RFP for financial banking services. (Nairn-Mahan)
BACKGROUND:
Initiated by: C. Josh Nairn-Mahan
The City of Roswell currently utilizes financial banking services to support its day-to-day financial operations, including the receipt and disbursement of municipal funds, electronic payments, account management, and other related banking activities. The purpose of this discussion item is to consider whether the City should solicit proposals from qualified financial institutions to provide banking and related financial services.
The City of Roswell currently utilizes financial banking services to support its day-to-day financial operations, including the receipt and disbursement of municipal funds, electronic payments, account management, and other related banking activities. The purpose of this discussion item is to consider whether the City should solicit proposals from qualified financial institutions to provide banking and related financial services.
FINANCIAL CONSIDERATION:
The City may be able to obtain more favorable financial terms and banking services by conducting a competitive solicitation.
LEGAL REVIEW:
Legal Department has included the 2019 RFP as an example.
BOARD AND COMMITTEE ACTION:
This item is being presented for initial review and consideration by the Legal Committee.
STAFF RECOMMENDATION:
Proceed as Presented