https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3047260&GUID=8EB363CE-BDAC-4D3B-BBD8-A7E88D2AEDA8&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA94Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3047260&GUID=8EB363CE-BDAC-4D3B-BBD8-A7E88D2AEDA8&G=A5FAA737-A54D-4A6C-B1E8-FF70F765FA948EB363CE-BDAC-4D3B-BBD8-A7E88D2AEDA8-2026-01-07-01-29-48Title: AUTHORIZE: A. the Chief Executive Officer to execute a five-year, fixed unit rate Contract No. PS27736000 to Bank of America for basic and specialized banking services, in an amount-not-to-exceed $2,328,909, effective July 1, 2017, subject to resolution of protest(s), if any; and B. the payment of up to $320,000 over the next five years for Federal Deposit Insurance Corporation (FDIC) assessment fees as mandated by 12 C.F.R. § 327.9 to cover insurance premiums for Metro’s deposits. This is an estimate based on historical experience. If FDIC increases the rate and the actual amount exceeds the estimate, staff will seek approval for a Contract modification. The combined total cost of the Contract is a not-to-exceed $2,648,909 over its entire life-cycle.Wed, 07 Jan 2026 01:29:48 GMT