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Resolution#230754Passed
In plain English
This resolution allows the Office of the Treasurer & Tax Collector to increase its banking services contract with Bank of America by $83,000, bringing the total to $8,083,000, and extends the contract for an additional three months until November 30, 2023. It ensures continued lockbox processing and payment services for the City and County of San Francisco.
Resolution authorizing the Office of the Treasurer & Tax Collector to amend a banking services agreement which enables the City and County of San Francisco to maintain lockbox processing, pay suppliers using Paymode, and maintain several department stand-alone depository bank accounts with Bank of America N.A, to increase the contract amount by $83,000 for a total amount of $8,083,000 and extend the contract term for an additional three months from August 31, 2023, for the total period of August 22, 2013, through November 30, 2023, effective upon approval of this Resolution.
How it got here
Document trail
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Amend No. 4 052623
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Amend No. 1 062918
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Amend No. 2 042120
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Amend No. 3 070722
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How they voted
ADOPTED
Board of Supervisors ยท Jul 25, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee ยท Jul 19, 2023Pass
2-0
Legislative journey
Clerk of the BoardJun 16, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentJun 27, 2023
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeJul 19, 2023
โRECOMMENDEDPass
Board of SupervisorsJul 25, 2023
โADOPTEDPass
MayorJul 28, 2023
โAPPROVED