City of Castle Hills

Request for Proposal for Depository Services

The City of Castle Hills is seeking proposals for Depository Services for a period of three (3) years beginning on June 1, 2022; with the option to extend the term by two (2) one-year terms in addition to the three- year contract period. 

Proposals will be received by the City Secretary, City of Castle Hills, 209 Lemonwood, Castle Hills, Texas 78213 until 3:00 p.m., April 29, 2022.  At that time and date, all bids will be publicly opened and read.  Any bids received after this stated date and time will be returned unopened.  

The bid specifications are available for pickup from Zina Tedford, City Secretary, at City Hall or via email at ztedford@castlehills-tx.com.

Bids must be received in a sealed envelope marked “Depository Services for the City of Castle Hills” in the lower left-hand corner.   

The City of Castle Hills is exempt from all Federal Excise Taxes; therefore, please do not include the tax in your proposal.

The City of Castle Hills reserves the right to reject any and all proposals, to waive all formalities, and to make the award of the Depository Services contract deemed to be in the best interest of the City.

For additional information contact Zina Tedford, City Secretary at 210-342-2341 x216, 209 Lemonwood, Castle Hills, Texas 78213.

City of Castle Hills Request for Depository Services

INTRODUCTION

GENERAL INFORMATION

The City of Castle Hills (City) is soliciting proposals from Financial Institutions that are interested and qualified to provide Depository services to the City of Castle Hills as outlined in this Request for Proposal (RFP).  

This RFP and any addenda are located on the City of Castle Hills website at https://www.cityofcastlehills.com. 

Respondents must submit one (1) original and four (4) copies of their submittal by 3:00 p.m. on April 29, 2022.  Any proposals received after this time and date will not be considered.  Proposals must be sealed and marked “Depository Services” on the proposal. The full address for proposal delivery is as follows:

City Secretary

City of Castle Hills

209 Lemonwood

Castle Hills, Texas 78213

Proposals will be opened publicly on the date and time specified herein in the City Council Chambers of City Hall at 209 Lemonwood, Castle Hills, Texas 78213.

SCHEDULE OF IMPORTANT DATES

The schedule for this RFP is as follows.  The City reserves the right to change the schedule of dates as it deems necessary.

Release RFP / begin advertisement                                        March 16, 2022

Deadline for Questions & Inquiries                                        April 1, 2022 5:00 p.m.

Proposal Submission Deadline                                               April 29, 2022 3:00 p.m.

City Staff Review of Proposals                                              Upon Receipt

Earliest Award by City Council                                             May 17, 2022

Effective Date of New Contract                                             June 1, 2022