R2020-162 2020-09-28RESOLUTION NO. R2020-162
A Resolution of the City Council of the City of Pearland, Texas, renewing a
contract for Bank Depository Services with Wells Fargo Bank for the period
beginning October 1, 2020 and ending September 30, 2021 (second of three
(3) one year renewals).
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City previously awarded a contract for Bank Depository
Services.
Section 2. That the City Council hereby renews a contract for Bank Depository
Services with Wells Fargo Bank for a one (1) year term.
Section 3. The City Manager or his designee is hereby authorized to execute a
contract for Bank Depository Services.
PASSED, APPROVED and ADOPTED this the 28th day of September, A.D., 2020.
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TOM REID
MAYOR
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APPROVED AS TO FORM:
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DARRIN M. COKER
CITY ATTORNEY
August 26, 2020
City of Pearland
3519 Liberty Drive
Pearland, Texas 77581
Tel: 281.652.1600
pearlandtx.gov
Orlando A. Saenz
Wells Fargo Bank, N.A.
12650 North Featherwood Drive, Suite 210
Houston, Texas 77034
RE: City of Pearland, Texas - Depository Bank Services Contract Extension
Dear Mr. Saenz:
Please be advised that the City of Pearland proposes to exercise its second of three renewal
options on the current contract for Bank Depository, per the specifications of City of Pearland bid
0517-36. The terms and conditions set forth in bid specifications in 2017 allow for three (3) one-
year renewal periods, if both parties are in agreement with renewing.
If you find the stated terms satisfactory, please sign and date this letter and return a scanned copy
via email to iblackmore(opearlandtx.gov.
Please note that upon your signature and acceptance, this renewal will be subject to City Council
approval — subsequent to Council approval, this office will issue a formal contract renewal advising
you of the renewal status.
If you need any further information, please contact the Purchasing Division at (281) 652-1790.
Sincerely,
Julie Blackmore
City of Pearland
Contract Administrator
ACCEPTED: zL DATE: 09/14/2020
Wells F rgo Bank, N.A.
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Clay Pearson, City Manager
Rhonda Daugherty, Assistant Director of Finance
CC: Jon Branson, Deputy City Manager
John McCarter, Interim Director of Finance
Date: August 31, 2020
Re: Contract Renewal — Wells Fargo Bank, N.A.
Pursuant to Texas Local Government Code Sec.105.017, Term of Depository Contract,
a municipality may approve, execute, and deliver any depository services contract whose
term does not exceed five years. The City's current bank depository contract was
awarded at the regular council meeting on September 18, 2017. The contract term
approved was for a period of two (2) years, beginning October 1, 2017 and ending
September 30, 2019, with the option of three (3) additional one-year terms. The first of
the three one-year renewals was approved by council at the August 26, 2019 Regular
Meeting.
In preparation for the award of the contract in 2017, the city utilized the services of Valley
View Consulting, L.L.C. for the depository Request for Application (RFA) process. It was
determined at that time that the incumbent bank, Wells Fargo Bank, N.A. (Wells Fargo),
would be retained, citing that they had been a "good business partner" and had provided
the City a very competitive offer to maintain the relationship.
Over the past three years, Wells Fargo has continued to provide current services and
technology features, a monthly allowance for armored car services, and securities
clearance and safekeeping at no additional cost. They have been very responsive to all
our needs and requests.
At this time, the staff is recommending that the contract term be extended for the second
of three additional one-year terms. An agenda request will be forthcoming for a future
council meeting, for council's consideration of this recommendation to continue the
banking relationship with Wells Fargo.
October 6, 2020
City of Pearland
3519 Liberty Drive
Pearland, Texas 77581
Tel: 281.652.1600
pearlandtx.gov
Wells Fargo Bank, N.A.
Attn: Orlando Saenz, CTP
12650 North Featherwood Drive, Suite 210
Houston, TX 7703
Reference: City of Pearland, Texas - Depository Bank Services Contract Renewed
Dear Mr. Saenz, CTP:
Please be advised that the current contract between the City of Pearland and Wells Fargo Bank,
N.A. for Depository Bank Services has been renewed for another year, per City Council's approval
on September 28, 2020, Resolution #R2020-162. The prices and provisions of the agreement
are stated in bid number 0517-36 and vendor's response to the same.
DATE BID AWARDED: September 18, 2017
CONTRACT RENEWAL # 1 BEGINS: October 1, 2020
CONTRACT RENEWAL #1 ENDS: September 30, 2021
If you need any further information, please contact the Purchasing Division at (281) 652-1790.
Sincerely,
Julie Blackmore
City of Pearland
Contract Administrator
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