Bid City Depository Attachment: 11-24-20 Depository Bid Advertisement 2021.pdf 
Mississippi > City of Southaven
RFP: 13019857
Listing Information/Advertisement
Pursuant to Mississippi Code Section 27-105-353 and all other related sections of the Mississippi Code, 1972 Annotated, as amended, notice is hereby given to all financial institutions in the City limits of Southaven, Mississippi (“City”), whose accounts are insured by Federal Deposit Insurance Corporation of the Federal Savings & Loan Insurance Corporation and which are certified by the Mississippi State Treasurer as meeting the capital ratio requirement specified in Mississippi Code Sections 27-105-5 or 27-105-6 that the City will be accepting sealed bids until the hour of 10:00 o clock a.m. local time on Tuesday, November 24th, 2020, for the privilege of being the municipal depository for all City funds for two (2)  to four (4) years. The period selected will begin on Monday, January 4th, 2021 and terminate either on January 4th of 2023, 2024 or 2025 depending on which term is selected. Bids should be plainly marked on the front of the envelope “Bid City Depository” and may be delivered in person to the City Clerk’s Office located at 8710 Northwest Drive, Southaven, MS. Also, bids may be mailed to the City of Southaven, Attention City Clerk, Andrea Mullen, 8710 Northwest Drive, Southaven, MS 38671 and plainly marked on the front of the envelope “Bid City Depository.” Any bid sent through the US Mail is done so at the risk of the bank submitting said bid. In addition, official bid documents can be downloaded from Central Bidding at www.centralbidding.com.  Electronic bids can also be submitted at www.centralbidding.com.  For any questions relating to the electronic bidding process, please call Central Bidding at 225-810-4814. The City reserves the right to reject any and all bids and waive any and all informalities.
 
The intent of the City is to select banking services that are able to provide all required services to serve as a City Depository. As part of the City’s review of the bids, the interest rate will be the primary factor considered, along with other financial benefits or services included in the bids.
                The City of Southaven will require the following for award of bid:
                              1.            Bank Drafting for Utility Billing Purposes/ACH
                              2.            Electronic Transferring of Funds
                              3.            Interest Bearing Accounts
                              4.            No Banking Service Fees
                              5.            Bank Statements on CD-Rom disk and/or electronic                                                                      transmission
                              6.            On-line banking solutions, including, but not limited to wire payments, stop payments, deposits, etc.
                              7.            Payroll drafting/ACH
                              8.            E-Check capabilities
                              9.            Personal Attention with Problems
                             10.          Quick Resolution of Problems
                             11.          Other services that your institution may provide
 
                                                                                    City of Southaven, Mississippi
                                                                                    BY: ________________________
                                                                                          Andrea Mullen, City Clerk 
Advertise Dates:         November 5, 2020
                                    November 12, 2020

Additional Notes/Requirements
Pursuant to Mississippi Code Section 27-105-353 and all other related sections of the Mississippi Code, 1972 Annotated, as amended, notice is hereby given to all financial institutions in the City limits of Southaven, Mississippi (“City”), whose accounts are insured by Federal Deposit Insurance Corporation of the Federal Savings & Loan Insurance Corporation and which are certified by the Mississippi State Treasurer as meeting the capital ratio requirement specified in Mississippi Code Sections 27-105-5 or 27-105-6 that the City will be accepting sealed bids until the hour of 10:00 o clock a.m. local time on Monday, November 16th, 2020, for the privilege of being the municipal depository for all City funds for two (2) to four (4) years. The period selected will begin on Monday, January 4th, 2021 and terminate either on January 4th of 2023, 2024 or 2025 depending on which term is selected. Bids should be plainly marked on the front of the envelope “Bid City Depository” and may be delivered in person to the City Clerk’s Office located at 8710 Northwest Drive, Southaven, MS. Also, bids may be mailed to the City of Southaven, Attention City Clerk, Andrea Mullen, 8710 Northwest Drive, Southaven, MS 38671 and plainly marked on the front of the envelope “Bid City Depository.” Any bid sent through the US Mail is done so at the risk of the bank submitting said bid. In addition, official bid documents can be downloaded from Central Bidding at www.centralbidding.com. Electronic bids can also be submitted at www.centralbidding.com. For any questions relating to the electronic bidding process, please call Central Bidding at 225-810-4814. The City reserves the right to reject any and all bids and waive any and all informalities. The intent of the City is to select banking services that are able to provide all required services to serve as a City Depository. As part of the City’s review of the bids, the interest rate will be the primary factor considered, along with other financial benefits or services included in the bids. The City of Southaven will require the following for award of bid: 1. Bank Drafting for Utility Billing Purposes/ACH 2. Electronic Transferring of Funds 3. Interest Bearing Accounts 4. No Banking Service Fees 5. Bank Statements on CD-Rom disk and/or electronic transmission 6. On-line banking solutions, including, but not limited to wire payments, stop payments, deposits, etc. 7. Payroll drafting/ACH 8. E-Check capabilities 9. Personal Attention with Problems 10. Quick Resolution of Problems 11. Other services that your institution may provide City of Southaven, Mississippi BY: ________________________ Andrea Mullen, City Clerk Advertise Dates: November 5, 2020 November 12, 2020
BID SUBMITTAL INFORMATION
Creator Username: COSCityclerk
Bidding Privacy: Bid encryption
Started: 05-Nov-2020 08:00:00 AM
Ends: 24-Nov-2020 10:00:00 AM ( Expired )
History: 51 Views, 0 Messages
Event Status: Expired since 24-Nov-2020 10:00:00 AM
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UPDATE/ADDENDUM HISTORY
All updates/changes are listed below::
02-Nov-2020 11:07:20 AM
Event End Bid Date Updated
02-Nov-2020 10:14:59 AM
bid title update