The URL can be used to link to this page

Home My WebLink About2014 04 28 Consent 300 Banking RFP &200,66,21$*(1'$ ,QIRUPDWLRQDO &RQVHQW ; ,7(0 3XEOLF+HDULQJV 5HJXODU $SULO.66% 5HJXODU0HHWLQJ&LW\0DQDJHU'HSDUWPHQW 5(48(67 7KH&LW\0DQDJHUDQG)LQDQFHDQG$GPLQLVWUDWLYH6HUYLFHV'HSDUWPHQWDUHUHTXHVWLQJWKH &RPPLVVLRQDFFHSWWKHSURSRVDOE\WKUG%DQNWRSURYLGHWKH&LW\¶VRSHUDWLQJDQG SD\UROOEDQNLQJVHUYLFHVDQGDXWKRUL]HWKH&LW\0DQDJHUDQG&LW\$WWRUQH\WRH[HFXWHDOO QHFHVVDU\GRFXPHQWVWRFRPSOHWHWKHDJUHHPHQWZLWKWKUG%DQN 6<1236,6 ,QDQHIIRUWWRDVVXUHWKDWWKH&LW\LVUHFHLYLQJFRPSHWLWLYHDQGVWDWHRIWKHDUWEDQNLQJ VHUYLFHVD5HTXHVWIRU3URSRVDOVZDVFRPSOHWHGRQ'HFHPEHU$IWHUD WKRURXJKDQDO\VLVRIWKHUHVSRQGLQJEDQNVZDVFRPSOHWHGE\3)0&LW\¶V)LQDQFLDO UG $GYLVRU DQG6WDII%DQNHPHUJHGWKHEHVWILWIRUWKH&LW\,WLVWKHUHIRUHWKH UHFRPPHQGDWLRQRI3)0DQG6WDIIWKDWZHWUDQVLWLRQWKH&LW\¶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¶VUHFRPPHQGDWLRQIRFXVHVRQLPSOHPHQWLQJWKHILUVWLWHPRQWKHOLVWDERYHEXWZLOO H[SORUHLPSOHPHQWLQJFKDQJHVWRWKHRWKHUVHUYLFHVRYHUWKHQH[WILVFDO\HDU7KH&LW\ UHFHLYHGUHVSRQVHVIURPWKHEDQNVOLVWHGEHORZ 7'%DQN z %% 7 z UG %DQN z )LQDQFH'HSDUWPHQWVWDIIDQGWKH&LW\ V)LQDQFLDO$GYLVRUV3)0 UHYLHZHGDOOUHVSRQVHV DQGLQYLWHGWKHWRSUHVSRQVHWRDIRUPDOSUHVHQWDWLRQRQ-DQXDU\$IWHUUHYLHZLQJWKH UG 5)3UHVSRQVHVVWDIIUHFRPPHQGVWKHDSSURYDORIDQHZEDQNLQJUHODWLRQVKLSZLWK %DQNUGZDVDOVRWKHORZHVWFRVWUHVSRQGHUWRWKH5)3,IDSSURYHGWKHVHUYLFHVDUH UG WHQWDWLYHO\VFKHGXOHGWRWUDQVLWLRQWR%DQNE\-XO\ UG %DQNLVRQHRIWKHQDWLRQ¶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ŽŶƐĞŶƚϯϬϬW'ϮK&ϯͲƉƌŝůϮϴ͕ϮϬϭϰ &LW\0DQDJHU&LW\$WWRUQH\6WDIIDQGLVDYDLODEOHRQWKH&LW\¶V:HEVLWH/DVHU)LFKHDQG WKH&LW\¶V6HUYHU$GGLWLRQDOO\SRUWLRQVRIWKLV$JHQGD,WHPDUHW\SHGYHUEDWLPRQWKH UHVSHFWLYH0HHWLQJ$JHQGDZKLFKKDVDOVREHHQHOHFWURQLFDOO\IRUZDUGHGWRWKHLQGLYLGXDOV QRWHGDERYHDQGZKLFKLVDOVRDYDLODEOHRQWKH&LW\¶V:HEVLWH/DVHU)LFKHDQGWKH&LW\¶V 6HUYHUKDVEHHQVHQWWRDSSOLFDEOH&LW\6WDII0HGLD3UHVV5HSUHVHQWDWLYHVZKRKDYH UHTXHVWHG$JHQGDV$JHQGD,WHPLQIRUPDWLRQ+RPHRZQHU¶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¶VRSHUDWLQJDQGSD\UROOEDQNLQJVHUYLFHVDQGDXWKRUL]HWKH &LW\0DQDJHUDQG&LW\$WWRUQH\WRH[HFXWHDOOQHFHVVDU\GRFXPHQWVWRFRPSOHWHWKH DJUHHPHQWZLWKWKUG%DQN ,QDGGLWLRQVWDIIUHFRPPHQGVWKHIROORZLQJSHUVRQVEHQDPHGDVDXWKRUL]HGVLJQDWXUHVIRU WKH&LW\ VEDQNDFFRXQWVXQGHUWKLVSURSRVDO .HYLQ/6PLWK 6KDZQ'%R\OH .LS/RFNFXII $77$&+0(176 3ULFLQJ$QDO\VLV 5)35HVSRQVHDQG$QDO\VLV ŽŶƐĞŶƚϯϬϬW'ϯK&ϯͲƉƌŝůϮϴ͕ϮϬϭϰ