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I I I Council Meeting Minutes March 10, 1992 Page 3 Council Business. continued A panel, which included members from the Finance staff and FPAB representatives. conducted one-hour interviews with each finalist. The evaluation was based on each organization's presentation. corporate presence, understanding of City concerns, general attitude, depth of operations team, location. and service costs. The panel presented two alternatives: continue use of banking services - payroll checks, cash deposits for utility; or a move to new services for payroll direct deposit and electronic utility payments. First Banks offered a very unique and advantageous feature of cost-free deposit and checking services. The cost.free services are available because of the City's participation in the League of Cities' 4M Fund. The panel feels First Banks offers the overall strongest proposal and will meet the needs of the community both now and in the future. The City's business would be housed at the Apache Plaza facility. The initiation of these banking services will take place as soon as is practical. Finance Director Margaret Egan said the selection involved the analysis of an institution's proposal and the finalists were given an opportunity to present additional information at the interview. None of the finalists requested information from other proposals. Each finalist has been notified of the panel's recommendation. Council commended the panel for their excellent work. Vaughn Peterson, President of First Banks Apache. thanked the City for considering their proposal and selecting them as City service provider. Motion by Larson, seconded by Rebelein, to WAIVE THE READING AND ADOPT THE RESOLUTION SELECTING THE BANKING SERVICES PROPOSAL OFFERED BY FIRST BANKS - APACHE. 4 Ayes - 0 Nayes, Motion Carried. Announcements and Ucdates Council Business Banking Services Selection Report 92-032-2 Resolution 92-024 Announcements & Ucdates Childs said several teenagers attended a party in New Brighton where alcohol was introduced at the party by other teenagers. When this DARE Program occurred, a majority of the teenagers left the party because of the alcohol and called their parents to drive them home. The majority of the teenagers are former DARE students, Although it is difficult to tie the incident to the DARE Program, school officials feel this is a very good sign that attitudes towards drinking are changing, and that the DARE Program's emphasis on self-esteem and peer pressure if valuable. Council will sent a letter to the students commending them for making the correct decision.