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FINANCIAL_SERVICESAWARDED

City of Mesquite Agenda Meeting Agenda 2026-06-15

City Awards Bank Depository Contract to Bank of America

$90,862.25 annuallySPRADLEY FARMS IMPROVEMENT DISTRICTBANK OF AMERICAJune 15, 2026

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Description

The City of Mesquite awarded a Bank Depository Agreement to Bank of America for $90,862.25 per year, with a three-year initial term and an option for an additional two-year renewal.

Contract Details

Contract Amount

$90,862.25 annually

Vendor

BANK OF AMERICA

Agency

SPRADLEY FARMS IMPROVEMENT DISTRICT, TX

Contract Type

FINANCIAL_SERVICES

Document Date

June 15, 2026

Contract Term

three-year period, with one additional two-year renewal option

Renewal Date

2029-06-15

Renewal Info

One two-year renewal option at City's discretion, subject to annual appropriations.

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