BVSWMA Twin Oaks Landfill - Depository Services

The Brazos Valley Solid Waste Management Agency (BVSWMA) is soliciting a single qualified financial institution to serve as the depository bank for its Twin Oaks Landfill operations. The contract will cover core banking functions – deposit receipt, check processing, wire and ACH transfers, stop‑payment, lock‑box services, positive‑pay, online cash‑management reporting, and monthly account‑analysis statements – but will exclude investment‑transaction services. The agency seeks a partner that can provide real‑time reporting, support aggressive cash‑management and investment‑interest objectives, and meet strict collateral requirements under Texas law. The agreement is for a three‑year term (Jan 1 2027 – Dec 31 2029) with possible one‑year extensions, and includes mandatory collateral pledges equal to 105 % of the largest combined balance. Proposals must be submitted by 2 p.m. CT on Oct 7 2026; questions are due by Sep 30 2026. • Provide full‑service depository banking (checking, ZBA, money‑market accounts) for an average daily balance of ≈ $25 M. • Deliver daily online ledger reports, real‑time wire/ACH initiation, and secure internet‑based cash‑management system. • Offer lock‑box processing (≈ 69 checks/month, $285 k deposits) and positive‑pay services. • Maintain required collateral (≈ $25 M in eligible securities) per the Public Funds Collateral Act. • Submit detailed fee schedule and unit pricing; fees will be offset by earnings credit on investable balances. • Contract includes quarterly performance reviews, mandatory reporting, and the possibility of contract extensions.