4 25-0326 Subject: Contracts For Primary Banking Depository And Custodial Services From: Finance Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Agreement With U.S. Bank To Provide Primary Depository Services For The City At An Estimated Annual Cost Of Three Hundred Fifty Thousand Dollars ($350,000) For A Five-Year Period With Three One-Year Options To Renew Commencing January 1, 2025, And Negotiate With U.S. Bank For Such Additional Banking Services As They May From Time To Time Deem Appropriate, At Costs They Deem Reasonable; And (2) Waiving The Requirements Of The Living Wage Ordinance And Of The Linked Banking Services Program Ordinance; And - City of Oakland

Meeting: *Special Finance & Management Committee on 2024-12-10 9:00 AM

Meeting Time: December 10, 2024 at 9:00am PST

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Agenda Item

4 25-0326 Subject: Contracts For Primary Banking Depository And Custodial Services From: Finance Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Agreement With U.S. Bank To Provide Primary Depository Services For The City At An Estimated Annual Cost Of Three Hundred Fifty Thousand Dollars ($350,000) For A Five-Year Period With Three One-Year Options To Renew Commencing January 1, 2025, And Negotiate With U.S. Bank For Such Additional Banking Services As They May From Time To Time Deem Appropriate, At Costs They Deem Reasonable; And (2) Waiving The Requirements Of The Living Wage Ordinance And Of The Linked Banking Services Program Ordinance; And

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