21.
Commissioners Court Meeting
- Meeting Date:
- 05/12/2025
- Title:
- Award RFA 2025-001 Bank Depository for Webb County
- Submitted for:
- Joe Lopez
- Submitted By:
- Joe Lopez
- Department:
- Purchasing
Subject:
Discussion and possible action to accept rankings and award Request for Applications (RFA) 2025-001 "Bank Depository for Webb County" contingent upon final scores submitted by the evaluation committee in accordance with the Texas Local Government Code, Chapter 113 (Management of County Money), Chapter 116 (Depositories for County Public Funds) and Chapter 117 (Depositories for Certain Trust Funds and Court Registry funds) and further authorizing the County Judge to sign all relevant documents and any other matters incident thereto.
Issue: The current Depository Bank contract expires at the end of May 2025. The Commissioners Court authorized the solicitation of proposals for a Bank Depository contract. All banks within the boundaries of Webb County with home offices or branch facilities were invited to participate.
Solution: Accept the highest-ranking bank depository as recommended by the evaluation committee.
Result: Award a new contract for a term of four (4) years with a two (2)- year renewal term or any other term as approved by the Commissioners Court in accordance with state law.
Issue: The current Depository Bank contract expires at the end of May 2025. The Commissioners Court authorized the solicitation of proposals for a Bank Depository contract. All banks within the boundaries of Webb County with home offices or branch facilities were invited to participate.
Solution: Accept the highest-ranking bank depository as recommended by the evaluation committee.
Result: Award a new contract for a term of four (4) years with a two (2)- year renewal term or any other term as approved by the Commissioners Court in accordance with state law.
Background:
N/A
Previous Court Action:
Fiscal Impact
- Budget Account Number:
- TBD
- Funding Source:
- TBD
- Balance:
- TBD
Financial Impact:
TBD