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EVERETT CITYCOUNCILAC A > tCOYER SHEET 2 <br /> PROJECT TITLE: <br /> Authorize the Finance Department to Consent COUNCIL BILL# <br /> Initiate a Request for Proposals for X Action Originating Department Finance <br /> Banking Services First Reading Contact Person Debra Bryant <br /> Second Reading Phone Number 1980 <br /> Third Reading FOR AGENDA OF 2/25/04 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> Budget Committee <br /> 2/17/04 <br /> Council approval of this agenda item authorizes a budget revision in the additional amount requested. <br /> Expenditure Required $ -0- Account Number(s): <br /> Amount Budgeted $ -0- <br /> Additional Required $ -0- <br /> DETAILED SUMMARY STATEMENT: <br /> The City of Everett has contracted for banking services with Frontier Bank since 1994. The Finance <br /> Department proposes to conduct a formal Request for Proposals process to invite Everett's banking <br /> institutions to competitively bid for the City's business. <br /> RECOMMENDATION(Exact action requested of Council): <br /> Approve Request for Proposals for banking services. <br /> 3 <br />