Title
Highlights of the Finance Committee Meeting of May 7, 2019
Body
CITY OF SAN LEANDRO
FINANCE COMMITTEE
May 7, 2019
5:30 p.m.
San Leandro City Hall
835 East 14th Street
San Leandro, California
(Sister Cities Gallery)
HIGHLIGHTS
1. CALL TO ORDER
Mayor Cutter called the meeting to order at 5:30 p.m.
1.A. Attendance
Committee members present: Mayor Cutter, Councilmember Hernandez, and Councilmember Lee
City staff present: City Manager Kay, Finance Director Baum, and Assistant Finance Director Vong
Public present: John Forney, Sara Bailey, Virginia Madsen, David Bardoff, Lawrence Abbot, Deborah Hirsch
1.B. Announcements
None.
2. DISCUSSION ITEMS
2.A. 19-268 Staff Report on Results of Banking Request for Proposals (RFP) - continued from April 2, 2019 Finance Committee
Mayor Cutter opened by explaining this is a continuation from the April 2, 2019 Finance Committee meeting regarding the Banking RFP
City Manager Kay provided a summary of the RFP and the meeting from April 2, 2019. He stated that the Finance Committee had instructed staff to #1 determine if there was any banks with offices in San Leandro that were not given the opportunity to participate in the RFP, and #2 staff was to provide additional analysis on the banking proposals, including implementation costs. City Manager Kay also stated that staff is looking to the Finance Committee for a recommendation and to move forward as it has been over a year that staff and the Finance Committee have been discussing this topic. Staff would like to be able to have ample time for implementation, if that is the direction.
The answer to the first question was, no. There were no banks identified with a physical location in San Leandro that reported having missed the opportunity to participate. There were several small banks that stated they were just too small to be able to provide the services that would be required.
Finance Director Baum stated that based on the criteria RFP rating criteria approve...
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