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File #: 21-0554    Version: 1
Type: Agenda Item Status: Approved
File created: 3/29/2021 In control: Board of Supervisors
On agenda: 4/20/2021 Final action: 4/20/2021
Title: Treasurer Tax Collector's Department recommending the Board approve and authorize the Purchasing agent, or designee, to sign Amendment I to Agreement for Services 449-S1611 with Bank of America, N.A., for a period of up to six months and increase the not-to-exceed amount under the contract for up to an additional $49,000. FUNDING: General Fund.
Attachments: 1. A - AMND I Blue Route 2021, 2. B - AMND I BofA 2021, 3. C - Final Contract 2016
Related files: 16-0247

Title

Treasurer Tax Collector's Department recommending the Board approve and authorize the Purchasing agent, or designee, to sign Amendment I to Agreement for Services 449-S1611 with Bank of America, N.A., for a period of up to six months and increase the not-to-exceed amount under the contract for up to an additional $49,000. 

 

FUNDING:  General Fund.

Body

DISCUSSION / BACKGROUND

After a competitive procurement process, on May 13, 2016, the County entered into a five-year Agreement for Services with Bank of America, N.A., for the provision of banking services (4/5/2016, Item #13).  This agreement will expire on May 23, 2021, and the County is currently engaged in the procurement process once again. This request is to ensure there is no lapse in banking services. 

 

Due to the importance of County-wide banking services, it is necessary for the Treasurer Tax Collector Department, in concert with Procurement and Contracts, to carefully review and analyze the proposals that are submitted in order to select the best qualified bank to meet the needs of the County and the special districts we assist.  The current vendor is willing to extend their contract to afford us the time to perform the due diligence necessary.

 

ALTERNATIVES

N/A

 

PRIOR BOARD ACTION

Legistar #16-0247, 04/05/16, #13

 

OTHER DEPARTMENT / AGENCY INVOLVEMENT

Procurement & Contracts:  RFP 21-947-032 - Operational Banking Services, Issued:  3/15/2021, Due Date:  4/6/2021

 

CAO RECOMMENDATION / COMMENTS

Approve as recommended.

 

FINANCIAL IMPACT

These funds are already included in the Treasurer-Tax Collector's budget.  Extending the contract will not have an impact.

 

CLERK OF THE BOARD FOLLOW UP ACTIONS

N/A

 

STRATEGIC PLAN COMPONENT

Good Governance

 

CONTACT

K. E. Coleman, MBA, M.Acc.