Franklin County Sealed Solicitation
Title: Depositary of Brush Creek Sewer District Funds
Deadline: 11/27/2023 2:00 PM (UTC-06:00) Central Time (US & Canada)
Status:
Solicitation Number: RFB2023-01
Description: Brush Creek Sewer District is requesting bids from banks who are interested in
becoming the District Depository. It is anticipated that the contract shall commence on or
about January 1, 2024 for a two‐year term with the option to renew, at both parties discretion,
up to one additional two‐year period for a total of four years. In the event the awardee
desires not to renew for a subsequent contract period, the awardee shall notify the District in
writing no later than sixty (60) days prior to the contract expiration date.
The District’s goal is to maximize earnings on its funds while utilizing bank
management’s systems.
All banks are invited to participate in this depositary agreement procedure. Preference
will be given to participating banks that bid on all sections.
The District reserves the right to accept or reject any and/or all bids regarding the
Depository Pledge and Loan Agreement.
Documents:
| Documents as of 10/10/2023 |
|---|
| 2023-01 Depositary of Brush Creek Funds.pdf |
Addition 1
Posted: 10/18/2023
Type of Addition: Addendum
Overview: See attached bank statement.
Deadline: 10/27/2023 2:00 PM
Solicitation #: 202301 Brush Creek
Documents:
Addition 2
Posted: 12/18/2023
Type of Addition: In Review
Addition 3
Posted: 1/8/2024
Type of Addition: No Action
Question 1
Posted: 10/11/2023
Question: Can you please provide an average balance range for both the operating account and the investment?
Response: Please see attached bank statements.
Question 2
Posted: 10/11/2023
Question: Can you please provide a copy of the current account analysis report? If you wish, you can cross out the current pricing. We just want to see the volumes.
Response: See attachment.
Question 3
Posted: 10/11/2023
Question: Does the District currently sweep excess funds to an investment account? If not, are they interested in this option?
Response: No, No
Question 4
Posted: 10/11/2023
Question: Does the District bill consumers and businesses for sewer and water services? If so, do they offer online payments? What is the volume of payments on a monthly basis?
Response: We do not bill customers directly, or take payments directly.
Question 5
Posted: 10/11/2023
Question: Does the District use lockbox services?
Response: No
Posted: 10/18/2023
Type of Addition: Addendum
Overview: See attached bank statement.
Deadline: 10/27/2023 2:00 PM
Solicitation #: 202301 Brush Creek
Documents:
Posted: 12/18/2023
Type of Addition: In Review
Posted: 1/8/2024
Type of Addition: No Action
Posted: 10/11/2023
Question: Can you please provide an average balance range for both the operating account and the investment?
Response: Please see attached bank statements.
Posted: 10/11/2023
Question: Can you please provide a copy of the current account analysis report? If you wish, you can cross out the current pricing. We just want to see the volumes.
Response: See attachment.
Posted: 10/11/2023
Question: Does the District currently sweep excess funds to an investment account? If not, are they interested in this option?
Response: No, No
Posted: 10/11/2023
Question: Does the District bill consumers and businesses for sewer and water services? If so, do they offer online payments? What is the volume of payments on a monthly basis?
Response: We do not bill customers directly, or take payments directly.
Posted: 10/11/2023
Question: Does the District use lockbox services?
Response: No