Agency: City of Novato
Contact: Brian Cochran (bcochran@novato.org)
Deadline: 10/09/2014
More: RFP Detail Online
The City of Novato is seeking proposals
from qualified public depositories (a
state or national bank located in
California, as defined by Section 53635.2
of California Government code) to provide
a variety of commercial banking services.
The bank must be a member of the Federal
Reserve system, a federally or State of
California chartered financial
institution; and in good standing among
other comparable banks. The respondents
must be adequately capitalized to
accommodate the City’s cash and investment
management needs.
The City strongly prefers to select a
financial institution with a physical
branch within the City limits of Novato.
However, the City will also consider
proposals from banks that have a branch
within Marin County or the North Bay area.
A respondent who does not have a physical
branch in the City of Novato must specify
in detail throughout its RFP response how
services that might normally be handled
in-branch would be accommodated (eg, cash
and check deposits, petty cash
replenishments, cashiers checks, etc).
It is the intent of the City to award the
contract for an initial 5-year period with
the option to renew it annually up to a
maximum of 10 years at the sole discretion
of the City. The City desires fixed
pricing for the initial 5-year period with
a clear delineation within the RFP
response of how prices in years 6 – 10
would be determined.