HomeMy WebLinkAboutCity Council Resolution 2007-114CITY OF PLYMOUTH
RESOLUTION NO. 2007-114
AWARDING THE PROPOSAL FOR UTILITY PAYMENT LOCKBOX
SERVICES TO WELLS FARGO BANK
WHEREAS, the City requested proposals for utility payment lockbox services for the
years 2007 through 2008; and
WHEREAS, six proposals were received; and
WHEREAS, the lockbox service were evaluated based on net price, services attributes,
lockbox processing locations and method of payment processing, and
WHEREAS, the proposal from Wells Fargo Bank meets the selection criteria and is
lowest costs retail lockbox proposal received.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL
OF THE CITY OF PLYMOUTH, MINNESOTA, that Wells Fargo Bank shall be
awarded the utility billing payment lockbox services for the period April 2007 through
March 31, 2009 and that at the end of the initial term the City will request an option to
renew for an additional two year period.
Adopted by the City Council on March 13, 2007.