| New Business - Purchasing |
|
Title: Recommendation: I recommend approval of the renewal of RFP 02C-007S for Banking Services and authorized the Superintendent and Board Chairman to sign all necessary documents. Description: P2 Approve request for renewal of RFP 02C-007S for Banking Services · Request for Proposal No. 02C-007S was awarded by Board action on August 21, 2002, to Bank of America and Wachovia Bank National Association for three years from August 22, 2002 through August 21, 2005 with the option to renew for three additional one-year periods. · The first option to renew was exercised for the period August 22, 2005 through August 21, 2006. · The second option to renew was exercised for the period August 22, 2006 through August 21, 2007. · The third and final option is now being exercised for the period August 22, 2007 to August 21, 2008. · Bank of America has agreed to honor terms, conditions and pricing of existing contract for the forthcoming contract period. Wachovia sold their Safe Keeping Services unit to U. S. Bank. U.S. Bank has agreed to honor terms, conditions and pricing of the previous Wachovia contract for the forthcoming contract period. · Services to be provided are general banking services on a stand alone basis. Financial Impact: For Additional Information, contact: Joseph M. Moore (moorej@palmbeach.k12.fl.us) Attachments (list):
|