Item 4EItem 4E Award the Depository Services Contract to Frost Bank Timeline Key Events Schedule Proposal Release Date November 10th Deadline for Submittal of Questions December 4th Sealed
Proposals Due to City December 11th Committee Evaluation Review December 14th-31st Audit and Finance Committee Meeting/Review January 4th City Council approval January 19th
New Contract Start Date March 1st Proposals 6 Banks submitted RFP’s Frost Bank Bank of Texas JPMorgan Chase Capital One Bank of America Wells Fargo Bank Evaluation Matrix Customer
Service and Responsiveness (20%) Financial Condition and Ability to Meet Collateral Requirements (20%) Demonstrated Ability to Meet Service Requirements (20%) Incorporation of Effective,
High Quality and Innovative Cash Management Services (15%) Lowest Aggregate Cost, Consistent with other Selection Requirements (15%) Submission of all Required Information (10%) Overall
Ranking Frost Bank JPMorgan Chase Bank of Texas Bank of America Capital One Wells Fargo Bank Recommendation Staff’s recommendation for Depository Services Frost Bank Initial three-year
term, with an option to extend an additional two years Estimated monthly cost $2,258.82 QUESTIONS? Sharen Jackson 817-748-8042