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• Page 5, Section 1.12 refers to a Performance Bond and Bid Security, but does <br />not list any specific dollar amount requirements for either. Is the RFP requiring a <br />performance bond or bid security? <br />No; however, there is a fidelity bond requirement. Please refer to page <br />28 for the fidelity bond requirements. <br />Page 26, Section 5. note the requirement to either be a Florida chartered bank or <br />a federal chartered bank. SunTrust is a Georgia chartered bank, and is a State <br />of Florida Certified Qualified Public Depository pursuant to Chapter 280, Florida <br />Statutes. SunTrust records of Florida Incorporation can be accessed in <br />www.Sunbiz.com under SunTrust Bank, Inc. Will this be acceptable to the City? <br />Yes, this is acceptable. <br />• In reference to Direct Deposit of Payroll, please provide: 1. Frequency of payroll: <br />Bi -weekly on Fridays; 2. Total number of employees: Approximately 260; 3. <br />Number of employees currently enrolled in Direct Deposit. Approximately 245 <br />(about 95% of employees have direct deposit). <br />END OF SECTION <br />Monday, May 12, 2014 <br />