I noted the irony that the city council would again offer no bid business to US Bank and Wells Fargo on the very same day that they were involved in a multi-billion dollar fraud settlement. I asked that we consider using local banks. Staff has honored my request and will look at this next year.
Mayor/Council: You had requested that Dale consider a request for proposals for the City’s banking needs in order that a “local” banking institution be awarded the opportunity to compete to provide the city’s banking needs. The attached memo from Dale Martinson recommends that a request for proposals be a part of the Finance Department’s 2014 work program. Stevan