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File #: 23-1809    Version: 1
Type: Resolution Status: Adopted
File created: 11/13/2023 In control: Finance & Governance Committee
On agenda: 12/11/2023 Final action: 12/11/2023
Title: A resolution approving a proposed Agreement with US Bank, National Association for the purchase of general banking and lockbox processing services, citywide. Approves a contract with US Bank, National Association for $1,125,000 and 5 years for an end term of 12-31-2028 with three one-year renewal options followed by one year of month-to-month renewals and for the purchase of general banking and lockbox processing services, citywide. 202369637. The last regularly scheduled Council meeting within the 30-day review period is on 1-2-2024. The Committee approved filing this item at its meeting on 11-21-2023.
Indexes: Lucas Palmisano
Attachments: 1. RR23-1809_DOF - Resolution Request - US Bank NA 1123, 2. 23-1809 Filed Resolution_US Bank, National Association_202369637-00_112123_LJH, 3. 23-1809 Filed Agreement_US BANK NATIONAL ASSOCIATION_202369637-00_LJH_12052023, 4. 23-1809 Filed Resolution_US Bank, National Association_202369637-00_112123_LJH, 5. 23-1809_signed
Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-20-2023

Requesting Agency: Finance
Division:

Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@denvergov.org
Phone Number:

Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney's Office should enter the title above the description (the title should be in bold font).

Both the title and description must be entered between the red "title" and "body" below. Do not at any time delete the red "title" or "body" markers from this template.
title
A resolution approving a proposed Agreement with US Bank, National Association for the purchase of general banking and lockbox processing services, citywide.
Approves a contract with US Bank, National Association for $1,125,000 and 5 years for an end term of 12-31-2028 with three one-year renewal options followed by one year of month-to-month renewals and for the purchase of general banking and lockbox processing services, citywide. 202369637. The last regularly scheduled Council meeting within the 30-day review period is on 1-2-2024. The Committee approved filing this item at its meeting on 11-21-2023.
body

Affected Council District(s) or citywide?
citywide
Contract Control Number:
202369637
Vendor/Contractor Name (including any "DBA"):
US Bank, National Association
Type and Scope of services to be performed:
US Bank, N.A., will provide the City with credit card processing services including high-volume online and point-of-sale revenue processing, settlement, fraud detection and controls, reconciliation, and reporting
Location (if applicable):

WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
N/A
Are WBE/MBE/DBE goals met (if applicable)?
N/A
Is the contract new/a renewal/extension or amendment...

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