Dekalb County BOE_Agreement_Year 4

AID 2015483 · View on Simbli

Agenda Item

b. Renewal (4 of 4) for RFP 22-12 Banking and Non-Banking Monetary Services

Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the DeKalb County Board of Education approve the renewal of RFP 22-12 to Bank of America (BOA) to provide banking and non-banking monetary services for the District for a period of one year effective from July 1, 2026 through June 30, 2027. This is the fourth renewal option of four.
Why: This service was solicited via a RFP to provide the District with banking and non-banking monetary services for the central office and schools.
Details: RFP 22-12 was competitively solicited through the Purchasing Department. It was posted to IonWave and the Georgia Procurement Registry on February 10, 2022. Electronic notification was sent to 26 vendors from the DCSD vendor bid list. Electronic notification was sent to 104 vendors through the State of Georgia Procurement Registry. Electronic notification was sent to 194 vendors through IonWave. Four (4) vendors responded to the solicitation. The responses were reviewed and four (4) were deemed responsive to the requirements of the solicitation by the Purchasing Department. This is the fourth renewal option of four.
Financial impact: There is No Financial Impact
Contact: Mr. Byron Schueneman, Chief Financial Officer, Finance Division, 678.676.0270
Effective: July 1, 2026
Status: Approved by the Office of Legal Affairs
                            AMENDMENT NO. 2 – TERM EXTENSION
                     TO AGREEMENT FOR GOVERNMENT BANKING SERVICES

This Amendment No. 2 – Term Extension of the Agreement for Government Banking Services (“Amendment
#2”) is made as of _____ (“Effective Date”) by and between DeKalb County School District (the “Client”) and
Bank of America, N.A., a national banking association (the “Bank”).

RECITALS
1. Dated July 1, 2022, Client and Bank entered into that certain Agreement for Government Banking Services,
   as amended including by that certain Amendment No.1 of July 10, 2025 (the “Agreement”).
2. The term of the Agreement started on July 1, 2022, expiring on June 30, 2023 (“Term”).
3. In accordance Section 3. Term, the Agreement includes 4 one year’s extension options upon mutual written
   consent.
4. As of the date of this Amendment #2, the Client continues to purchase, and Bank continues to provide the
   Services, and each party hereby confirms its written consent to utilizing the 4th one-year extension option.

NOW THEREFORE, for a valuable consideration, Client and Bank hereby mutually agree to utilize the 4th
extension option of the Term of the Agreement as follows:

1. Definitions: Capitalized terms used but not defined in Amendment #2 will have the definitions and meanings
   given to them in the Agreement.

2. Representations: Each party represents and warrants to the other party that Amendment #2 has been duly
   authorized by all necessary action(s) and is binding on such party in accordance with its terms.

3. Amendment- Term Extension: The Term is hereby extended utilizing the 4th one-year extension option. And
   the extended Term shall continue through and including June 30, 2027, unless terminated earlier or extended
   further by either party in accordance with the Agreement, including the pertinent provisions of the T&C.

4.    Ratification: All of the terms of the Agreement not expressly modified herein shall continue in full force and
     effect and are hereby ratified by the parties, and this Amendment #2, whose terms shall prevail in the event
     of any inconsistency with the Agreement, may be executed in counterparts and delivered by fax or other
     electronic means.

5. Severability. Should any provision of this Amendment #2 be deemed illegal or otherwise unenforceable, that
   provision shall be severed, and the remainder of this Amendment #2 shall remain in full force and effect. The
   waiver of any right or election of any remedy in one instance, by either party, shall not affect any rights or
   remedies in another instance. A waiver shall be effective only if made in writing and signed by an authorized
   representative of each party.

IN WITNESS WHEREOF, the parties have executed this Amendment #2 by their duly authorized representatives
as of the date first set forth above.


 DEKALB COUNTY SCHOOL DISTRICT                                   BANK OF AMERICA, N.A.

 By:                                                             By:
 Name:                                                           Name:
 Title:                                                          Title:
 Address:                                                        Address:
 City:                                                           City:
 Date:                                                           Date: