2016-127-Signed Ordinanceo aNCE No. 2016-127
AN ORDINANCE ACCEPTING COMPETITIVE PROPOSALS AND AWARDING A
CONTRACT FOR BANK DEPOSITORY SERVICES FOR THE CITY OF DENTON AND
PROVIDING AN EFFECTIVE DATE (RFP 5962-AWARDED TO WELLS FARGO BANK N.A.
IN THE FIVE (5) YEAR NOT-TO-EXCEED AMOUNT OF $1,200,000).
WHEREAS, the City has solicited, received and evaluated competitive sealed proposals for
the supply of bank depository and electronic check processing in accordance with the procedures of
State law and City ordinances; and
WHEREAS, the City Manager or a designated employee has received and reviewed and
recommended that the herein described proposals are the most advantageous to the City considering
the relative importance of price and the other evaluation factors included in the request for proposals;
and
WHEREAS, the City Council has provided in the City Budget for the appropriation offunds
to be used for the purchase of the materials, equipment, supplies or services approved and accepted
herein; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION m_l . The items in the following numbered request for proposal for materials,
equipment, supplies or services, shown in the "Request for Proposals" on file in the office of the
Purchasing Agent, are hereby accepted and approved as being the most advantageous to the City
considering the relative importance ofprice and the other evaluation factors included in the request
for proposals.
RFP
NUMBER CONTRACTOR AMOUNT
5962 Wells Fargo Bank N.A, $1,200,000
SECTION 2. By the acceptance and approval of the above numbered items ofthe submitted
proposals, the City accepts the offer of the persons submitting the proposals for such items and
agrees to purchase the materials, equipment, supplies or services in accordance with the terms,
specifications, standards, quantities and for the specified sums contained in the Proposal Invitations,
Proposals, and related documents.
SECTION 3. Should the City and person submitting approved and accepted items and ofthe
submitted proposals wish to enter into a formal written agreement as a result of the acceptance,
approval, and awarding ofthe proposals, the City Manager or his designated representative is hereby
authorized to execute the written contract; provided that the written contract is in accordance with
the terms, conditions, specifications, standards, quantities and specified sums contained in the
Proposal and related documents herein approved and accepted.
SECTION 4, The City Council of the City of Denton, Texas hereby expressly delegates the
authority to take any actions that may be required or permitted to be performed by the City ofDenton
under File 5962 to the City Manager of the City of Denton, Texas, or his designee.
SECTION 5. By the acceptance and approval of the above enumerated bids, the City Council
hereby authorizes the expenditure of funds therefor in the amount and in accordance with the
approved proposals.
SECTIONmmIT6. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the ` day of , 2016.
w . ....
S WATTS MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY. , ' '„.w. ., , .
APPR( .T AS '" :` LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: ,.''
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