TRANSPORTATIONRECOMMENDED

Hoffman Estates Park District Administration & Finance Committee Agenda Packet 2026-05-26

Armored Car Service Contract Recommended With Davis Bancorp

$20,700 annuallyHoffman Estates Park DistrictDAVIS BANCORPMay 26, 2026

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Description

The committee recommended awarding a one-year, $20,700 armored car service agreement to Davis Bancorp to handle secure cash deposit pickups and transportation from district facilities to Wintrust. The contract includes scheduled weekly and bi-weekly pickups, chain-of-custody controls, and fixed monthly pricing with defined shipment liability limits.

Contract Details

Contract Amount

$20,700 annually

Vendor

DAVIS BANCORP

Agency

Hoffman Estates Park District, IL

Contract Type

TRANSPORTATION

Document Date

May 26, 2026

Contract Term

One-year term, commencing June 1, 2026, with automatic one-year renewals

Renewal Date

2027-05-31

Renewal Info

Master agreement is written as a one-year term from the June 1, 2026 commencement date with automatic renewal for like one-year terms unless terminated with at least 30 days’ written notice before the end of any term. Client pays 75% of remaining charges as liquidated damages if terminated early.

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