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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br />PROJECT TITLE: <br />Request for Proposals for <br />Banking Services <br />Consent <br />Action <br />First Reading <br />Second <br />Reading <br />Third-Reading- <br />Public <br />hird Readies <br />Public Hearing <br />COUNCIL BILL # <br />Originating Department <br />Contact Person <br />Phone Number <br />Finance <br />Susy Haugen <br />425-257-8612 <br />I To 1j, 'A K,.a ko <br />Initialed by: <br />Department Head <br />CAA <br />Council President <br />Location Preceding Action Attachments Department(s) Approval <br />RFP 2015-093 Finance <br />Council approval of this agenda item authorizes a budget revision in the additional amount requested. <br />Expenditure Required <br />$ -0- <br />Account Number(s): <br />Amount Budgeted <br />$ -0- <br />Additional Required <br />$ -0- <br />DETAILED SUMMARY STATEMENT: <br />The City of Everett's contract with Bank of America will expire at the end of 2015. The Finance Department <br />proposes to conduct a formal Request for Proposals (RFP) process to invite Everett's banking institutions to <br />competitively bid for the City's business. <br />RECOMMENDATION (Exact action requested of Council): <br />Authorize Request for Proposals for banking services. <br />1 <br />