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EVERETT CITY°COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: 10 <br /> Request flit Proposals for Banking Consent COUNCIL BILL # <br /> Services X Action Originating Department <br /> First Reading Contact Person Susy Haugen <br /> Second Reading Phone Number X8612 <br /> Third Reading FOR AGENDA OF August 27, <br /> 2008 <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 RFP <br /> Review 8/13/08 <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's contract with Bank of America will expire at the end of this year. 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 /> Authorize Request for Proposals for banking services. <br /> 38 <br />