Board selects Bank of Colorado for town banking services
Summary
Following an RFP review, trustees approved Bank of Colorado as the Town's banking services provider and instructed staff to complete paperwork; the selection was recommended by a committee after three local banks submitted proposals.
Town Clerk/Treasurer Dencia Raish presented results from a request for proposals for banking services, reporting that three local banks submitted proposals and a committee recommended Bank of Colorado. The Board voted to approve moving the Town's main checking to Bank of Colorado and directed staff to complete the required paperwork. The motion was amended per the town attorney's advice and passed 5-0.
The record notes the recommendation was committee-driven and that staff will proceed with contract paperwork; the minutes do not record contract terms, fees, or the committee membership. Those details were not specified in the packet excerpt included in the minutes and would be available from the Town Clerk upon request.
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