File #: 25-0326    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 11/21/2024 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 12/17/2024 Final action: 12/17/2024
Title: Subject: Contracts For Primary Banking Depository And Custodial Services From: Finance Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Agreement With U.S. Bank To Provide Primary Depository Services For The City At An Estimated Annual Cost Of Three Hundred Fifty Thousand Dollars ($350,000) For A Five-Year Period With Three One-Year Options To Renew Commencing January 1, 2025, And Negotiate With U.S. Bank For Such Additional Banking Services As They May From Time To Time Deem Appropriate, At Costs They Deem Reasonable; And (2) Waiving The Requirements Of The Living Wage Ordinance And Of The Linked Banking Services Program Ordinance; And
Sponsors: Finance Department
Attachments: 1. View Report, 2. View Legislation, 3. 90572 C.M.S
Related files: 25-0327

Title

Subject:                      Contracts For Primary Banking Depository And Custodial Services

From:                                           Finance Department

Recommendation: Adopt The Following Pieces Of Legislation:

 

1) A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Agreement With U.S. Bank To Provide Primary Depository Services For The City At An Estimated Annual Cost Of Three Hundred Fifty Thousand Dollars ($350,000) For A Five-Year Period With Three One-Year Options To Renew Commencing January 1, 2025, And Negotiate With U.S. Bank For Such Additional Banking Services As They May From Time To Time Deem Appropriate, At Costs They Deem Reasonable; And (2) Waiving The Requirements Of The Living Wage Ordinance And Of The Linked Banking Services Program Ordinance; And