Agenda 09/28/2021 Item #16J 5 (FFIB Contract #14-001 Amendment)09/28/2021
EXECUTIVE SUMMARY
Recommendation that the Board of County Commissioners approve Amendment No. 1 to
Contract No. 14-001 with First Florida Integrity Bank to extend the contract term for
depository banking services and authorize the Chair to sign the attached agreement.
OBJECTIVE: To extend Contract No. 14-001, for depository banking services, with First
Florida Integrity Bank for an additional five (5) years, beginning November 1, 2021, with an
option for further renewals upon mutual agreement of all parties for an additional three (3) one-
year renewal periods.
CONSIDERATIONS: On November 1, 2014, Contract No. 14-001 was awarded to provide
depository banking services for the Board, Clerk and Supervisor of Elections’ agencies. The
initial term of the agreement expired on October 31, 2019, with options to renew, upon mutual
agreement, for an additional three (3) one-year periods. The agreement is currently in its second
of three one-year renewal periods with one more available extension through October 31, 2022,
available. Per the Board’s Procurement Ordinance, any extension(s) that exceed six months
(cumulatively) shall be approved by the Board of County Commissioners.
In polling County Departments, as well as the Offices of the Clerk of Courts and Supervisor of
Elections, staff expressed a high degree of satisfaction with the services provided by First Florida
Integrity Bank. The banking services contract covers services as varied as utilities and EMS
lockbox payment processing, remote deposit capture, ACH payment processing and investment
safekeeping. Over the last twelve (12) months, rounded transaction volumes under this contract
have been as follows:
Lockbox payments processed - 267,500
Automated Clearing House (ACH) transactions - 216,500
Individual items deposited - 211,000
Cleared checks, wire transfers and debits - 12,000
First Florida Integrity Bank also offers a competitive overnight investment option that carries a
.25% floor. The total interest collected over the past year more than offset all depository banking
fees paid.
FISCAL IMPACT: The current banking services fee is fixed at $7,500.00 per month, so an
extension of five (5) years carries an aggregate fiscal impact, at current rates, of $450,000.00.
The monthly fee has not been increased since the inception of the agreement in 2014.
GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan
related to this action.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires
majority vote for Board approval. -SRT
RECOMMENDATION: That the Board of County Commissioners approve Amendment No. 1
to Contract No. 14-001 with First Florida Integrity Bank to extend the contract term for
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09/28/2021
depository banking services for an additional five (5) years, beginning November 1, 2021, with
an option for an additional three (3) one-year renewal periods and authorize the Chair to sign the
attached agreement.
Prepared by: Derek M. Johnssen, Finance Director, Office of the Clerk of Courts and Comptroller
ATTACHMENT(S)
1. 11-01-14 Master Banking Services Agreement (PDF)
2. Amend Master Banking Agr 091721 signed (PDF)
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.J.5
Doc ID: 20126
Item Summary: Recommendation that the Board of County Commissioners approve Amendment
No. 1 to Contract No. 14-001 with First Florida Integrity Bank to extend the contract term for depository
banking services and authorize the Chair to sign the attached agreement.
Meeting Date: 09/28/2021
Prepared by:
Title: – Clerk of the Circuit Court
Name: Erin Roxberry
09/20/2021 8:57 AM
Submitted by:
Title: Senior Staff Assistant – Clerk of the Circuit Court
Name: Jennifer Milum
09/20/2021 8:57 AM
Approved By:
Review:
Clerk of the Circuit Court Derek Johnssen Additional Reviewer Completed 09/20/2021 9:42 AM
County Attorney's Office Scott Teach Additional Reviewer Completed 09/21/2021 9:31 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 09/21/2021 10:20 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/21/2021 2:15 PM
Office of Management and Budget Susan Usher Additional Reviewer Completed 09/21/2021 7:36 PM
County Manager's Office Sean Callahan Level 4 County Manager Review Completed 09/22/2021 8:35 AM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/28/2021 9:00 AM
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Packet Pg. 1589 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1590 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1592 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1593 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1594 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1595 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
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Packet Pg. 1596 Attachment: 11-01-14 Master Banking Services Agreement (20126 : First Florida Integrity Amendment)
16.J.5.bPacket Pg. 1597Attachment: Amend Master Banking Agr 091721 signed (20126 : First Florida Integrity Amendment)
16.J.5.bPacket Pg. 1598Attachment: Amend Master Banking Agr 091721 signed (20126 : First Florida Integrity Amendment)