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<br /> RFP 24-06-01 BANKING SERVICES 11 <br /> <br />• Certified as a “Qualified Public Depository” under Chapter 280 Florida Statutes, <br />“Security for Public Deposits”; <br />• Member of FDIC; and <br />• Member of Federal Reserve System. <br /> <br /> The Proposer must provide a copy of the applicable license(s) or status with Firm’s <br /> response. <br /> <br />b. The Proposer shall have a branch bank located in Sunny Isles Beach. Be a Federal or <br />Florida chartered bank with a principal Branch office located within a ten (10) mile radius <br />of the city of Sunny Isles Beach, Florida, from the zip code 33160. Preference may be <br />given to proposing banks with a principal Branch office within the city limits of Sunny Isles, <br />Beach. <br /> <br />c. The Proposer must have received an unqualified opinion in its audited financial report for <br />each of the last two (2) years. <br />Proposer must provide a copy of the opinion with Firm’s response. <br /> <br />d. The Proposer must have at least five (5) years’ experience having provided the scope of <br />services as outlined in the RFP and provide details of this experience. The City will review <br />the bank’s incorporation date filed on Sunbiz.org by month and year. As of the submittal <br />due date is the period of time counted for the five-year experience. <br /> <br />e. The Proposer shall provide reference letters for five (5) verifiable clients with a minimum <br />of three (3) municipalities/local governments, for projects of similar scope as outlined in <br />this RFP. Please ensure the contact information provided is up to date and accessible. <br />Proposer must complete the Questionnaire Form # 22 to meet this requirement. <br /> <br />f. The Proposer must submit most recent audited financial statements to substantiate the <br />financial stability of the Proposer. Please note, financial statements are exempt from <br />public records request. <br /> <br />From this report, please indicate its effective date and amount of capital and <br />surplus for your institution. <br />Capital $ _____________________________ <br />Surplus $ _____________________________ <br />Total $ ___________________________ <br />Date: <br /> <br />2.4 TERM OF CONTRACT <br /> <br />This contract will commence on the first calendar day of the month succeeding approval of the <br />contract by the City Commission, or designee, unless otherwise stipulated in the agreement; and <br />contingent upon the completion and submittal of all required proposal documents. The projected <br />start date is no later than October 1, 2024, after commission approval and, if necessary, including <br />the 90-day transition period. The contract shall remain in effect for an initial term of five (5) years,