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Meeting Date 4/19/04 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Cash Management Services Contract Award <br /> <br />BRIEF SUMMARY: <br />Seven Banks responded to the cash management request for proposals. Three methods <br />were proposed: Minimum Monthly Service Charges, Average Daily collected Balance, and <br />Non-interest Bearing Certificate of Deposit. See Summary of Banking Request for <br />Proposals attached for bid responses to each. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Approve Cash Management Services Contract Award to Bank of America; and, authorize <br />the County Manager to execute the contract on behalf of Cabarrus County. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 5 min <br /> <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 4/6/04 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />I concur with Ms. Dubois' recommendation. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [] Other [] <br /> <br /> <br />