2) A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Agreement With U.S. Bank To Provide Primary Custodial Services For The City At An Estimated Annual Cost Of Seventy-Five Thousand Dollars ($75,000) For A Five-Year Period With Three One-Year Options To Renew, And Negotiate With U.S. Bank For Such Additional Banking Services As They May From Time To Time Deem Appropriate, At Costs They Deem Reasonable; And (2) Waiving The Requirements Of The Living Wage Ordinance And Of The Linked Banking Services Program Ordinance

City Resolution Passed Introduced November 21, 2024

What this record is

Amount: $75K
Runs until: November 21, 2029 3 years away calculated from the contract term stated in the record
Type: contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
Requested by: Finance Department
Introduced: November 21, 2024
On agenda: December 17, 2024
Passed: December 17, 2024
Enacted: December 17, 2024
Enactment no.: 90573 C.M.S