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� n <br /> City of Everett <br /> REQUEST FOR PROPOSALS <br /> Proposal 2008-093 <br /> Banking Services <br /> Due Date: 2:00 p.m., June 10, 2008 <br /> I. INTRODUCTION AND BACKGROUND <br /> A. Proposal Deadline <br /> Sealed proposals will be received by the City of Everett, City Clerk, 1st Floor,2930 Wetmore Avenue, <br /> Everett, Washington 98201 iilelit ' h� � Y+;e . l 0f , for the provision of Banking Services. <br /> B. General Information <br /> The City of Everett is a first class charter municipal corporation. The City operates under an elected mayor <br /> and an elected seven-member City Council. The City's Finance Department is responsible for banking <br /> services, purchasing, accounts payable and accounts receivable, debt service, cash and investments, budget, <br /> records and financial reporting. <br /> Proposers must comply with all applicable rules and regulations in the Revised Code of the State of <br /> Washington, the Washington Public Deposit Protection Commission, and PCI Security Standards. The <br /> City intends to contract in November 2008 with the financial institution whose proposal is deemed most <br /> advantageous to the City and begin receiving services as soon as practical. The contract is for a period of <br /> three years with the right to negotiate to extend for two additional three year terms. The services required <br /> and the estimated service volumes are identified in pre-formatted proposal forms provided on the attached <br /> compact disc. <br /> C. Mandatory Qualifications <br /> Proposers must meet the qualifications described in this section. <br /> 1. Location Within The City Limits <br /> Proposer must be a Federal or State of Washington chartered financial institution with <br /> branch banking facilities located within the city limits of the City of Everett. A branch <br /> within the central business district of the City of Everett is preferred. If the headquarters of <br /> the proposing financial institution is not located within the city limits, a branch of the <br /> financial institution located within the City must offer the full range of banking services <br /> required by this Request for Proposal (RFP). <br /> 2. Qualified Public Depository <br /> The financial institution must be approved by the Washington Public Deposit Protection <br /> Commission as a qualified public depository. The successful proposer must continue to be <br /> 4 1_ approved as a qualified public depository for the duration of the Banking Services Contract. <br /> nnno nn-1 non 3 of 28 <br />