HomeMy WebLinkAboutItem VI (C) Discussion re: negotiations with Sun Bank, NA for banking services "CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" AGENDA 8-16-94
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CITY OF OCOEE RUSTY JOHNSON
O.110 U a 150 N.LAKESHORE DRIVE PAUL W.FOSTER
OCOEE FLORIDA 34761-2258 VERN COMBS
cr4#1- `4V (407)656-2322 JIM GLEASON
E�Of GOO �`, OTYMANAGER
ELLIS SHAPIRO
MEMORANDUM
DATE: August 10, 1994
TO: The Honorable Mayor and Board of City Commissioners
FROM: Wanda B. Horton, Finance Manager,
Adk
THROUGH: Montye E. Beamer, Director of Administrative' F
Services
SUBJECT: Banking Services
On June 19, 1994 the Request for Proposal for Banking Services was
duly advertised. These were opened on July 14 , 1994 with five
submittals, one of which was a No Bid. The attached represents
the information supplied by each proposer. These activities are
indicative of the banking services most utilized by the City on a
monthly basis.
Responses were received from the following institutions:
Am South Bank
Barnett Bank
Nations Bank- No Bid
SouthTrust Corporation
Sun Bank, N.A.
On August 4, 1994, a committee consisting of the City Manager,
Director of Administrative Services and Finance Manager met to
evaluate the proposals. The committee evaluated the institutions
based upon written proposals, financials submitted and banking
services available to employees. The committee ranked Sun Bank,
N.A. and Barnett Bank #1 and #2 respectively.
ACTION REQUESTED
The Mayor and Board of City Commissioners authorize the committee
to proceed with negotiations with Sun Bank, N.A. with change of
banking services to be effective October 3 , 1994 .
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