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Consider extending contract RFPCL22-008 Banking Services with Liberty National Bank.
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INITIATOR: Rebecca Johnson, Director of Finance
STAFF INFORMATION SOURCE: Kristin Huntley, Deputy Director of Finance
BACKGROUND: The contract RFPCL22-008 Banking Services is currently in effect until December of 2024. The vendor, Liberty National Bank, has agreed to the contract extension with the same terms, conditions, and process. The department has recommended to extend the contract for an additional year. The vendor has met all contract requirements.
EXHIBIT: Department Recommendation, Extension Form, Original Contract
KEY ISSUES: Does the City of Lawton wish to extend RFPCL22-008 Bank Services to Liberty National Bank?
FUNDING SOURCE: N/A
STAFF RECOMMENDED COUNCIL ACTION: Extend RFPCL22-008 Banking Services to Liberty National Bank.