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 services – deposits, withdrawals, wire and ACH transfers, stop‑payments, lock‑box processing, online cash‑management reporting, positive‑pay, and related account‑analysis statements – but excludes investment‑transaction services. The selected bank must meet Texas depository and public‑funds collateral statutes, provide collateral securities equal to 105 % of the largest combined balance, and support an aggressive cash‑management program aimed at maximizing yield on approximately $25 million of average daily balances. The initial term runs three years (01 Jan 2027 – 31 Dec 2029) with two optional one‑year extensions, and the award is expected by 18 Nov 2026. • Core services: deposit processing, wire/ACH initiation, lock‑box, online reporting, positive‑pay, account analysis, and daily balance reporting. • Required collateral: securities valued at 105 % of peak combined balances (≈ $25 M). • Evaluation criteria: operating account balance, money‑market interest rate, financial viability, cash‑management capability, collateral provision, and relevant experience. • Submission deadline: 2 PM CST, 7 Oct 2026; questions due by 2 PM CST, 30 Sep 2026. • Contract value will be based on a fixed‑price fee schedule plus earnings‑credit offsets on deposited balances.