The vendor is required to provide that depository services for a straightforward, concise delineation of capabilities to satisfy the requirements.
- The bank selected as the depository will notify the district in writing within 10 days of any changes in federal or state regulations or laws that would affect the depository agreement.
- The depository's records relating to the district's accounts must be open to review by the district, its independent auditors, and the agency.
- The district reserves the right to pay for depository services by targeted balances or by fees
- The district reserves the right to exclude direct payroll deposit service from the depository contract if the bank does not offer direct payroll deposit service.
- The district reserves the right to:
• Waive any defect, irregularity, or informality in the proposal or proposal procedures;
• Reject any and all proposals;
• Accept any proposal or portion thereof most advantageous to the district;
• Request additional information or require a meeting with bank representatives for clarification;
• Cancel, revise, or reissue this request for proposal or any portions of it,
• Negotiate any conditions;
• Retain all other provisions even if any provision of the proposal is determined invalid;
• Modify deadlines; and
• Select any proposal considered to be in its best interest as determined by the district.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: March 06, 2025