08/27/2001 Council Packet - Laserfiche WebLink

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• CITY COUNCIL WORK SESSION JULY 18, 2001 CONSIDER STAFF RECOMMENDATION ON BANKING SERVICES, AL ROLEK Finance Director Rolek advised in May of this year staff mailed Requests for Proposals for Banking Services (RFP) to each bank within the City, Firstar Bank, Community National Bank and Lino Lakes State Bank. The City received responses from each of these institutions. Upon comparing and evaluating the responses, staff found that all banks met the basic criteria and had the ability to deliver the services requested in the RFP. Two (2) of the institutions, Lino Lakes State Bank and Community State Bank, offered the best package of services and costs and were virtually identical in this regard. Other criteria of a more intangible nature, such as customer service orientation, community involvement, etc., were also considered in the evaluation. Again, both institutions have a high emphasis on customer relations and are involved in community events and service. At present the City maintains one checking account, which is City's needs. It has been suggested that perhaps the City co the institutions. While this may sound like a good soluti • ` on he in twice the time and work the staff would have to dedicates; this uate for the ccounts between ce it would result ea in terms of record keeping, reconciliations, etc. A better solution might betto co i` er the institutions not designated as the depository for outside financin City would have from time to time. This wou in the City's overall financial goals. In addi on, th three (3) years, at which time it is antic ±ate submit proposals. ted notes and special needs the rd them the opportunity to participate ity will revisit the RFP process in anks will be again invited to Finance Director Rolek reco Bank for banking services fo 2004. He noted neither the no to five (5) years or bee both are good institutio the ity accept the proposal from Lino Lakes State (3) year term extending through December 31, State Bank or the Community State Bank are capitalized mmunity for five (5) years. He indicated he believes This item will appear on the regular Council agenda Monday, July 23, 2001, 6:30 p.m. DISCUSS NO PARKING ORDINANCE, RICK DEGARDNER Public Services Director DeGardner advised the Public Services and Public Safety departments are recommending to the Council to amend Section 802 of the City Code pertaining to "parking ". The proposed ordinance prohibits parking of vehicles on a City street between the hours of 2:00 am — 6:00 am, from November 1 — April 1. Parking is also prohibited when 2 or more inches of snow has accumulated until the street has been plowed. Residences without an established driveway, to include new construction, are exempt from winter parking restrictions.