Public Access to OCTA Board and Committee Meetings The OCTA Board meets at the OCTA Headquarters (550 S. Main St., Orange), and meetings are typically held on the second and fourth Mondays of each month at 9:30 a.m. Committee meetings dates and times can be found on the Board and Committee Calendar. Any exceptions to the date, time, or location of the meeting are shown on the Agenda Page. Public comment opportunities and requests for ADA accommodation are outlined on each agenda, which is posted 72 hours prior to the meeting. Members of the public can access Board and Committee meetings and provide live public comment at https://octa.legistar.com/Calendar.aspx. Members of the public that wish to receive language translation or interpretation (from their own translator or interpreter) during public meetings will have a designated space in the meeting room. A document rack is available at OCTA Headquarters for members of the public to post translated versions of agendas.
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Title
Agreement for Custodial Banking Services
Overview
The Orange County Transportation Authority utilizes custodial banking services to provide custody and reporting services for its short-term investment portfolio. A request for proposals was issued due to the upcoming expiration of the current contract. Proposals were received in accordance with the Orange County Transportation Authority’s procurement procedures for professional and technical services. Board of Directors’ approval is requested to select a firm to provide custodial banking services.
Recommendation(s)
A. Approve the selection of U.S. Bank as the firm to provide custodial banking services for the Orange County Transportation Authority’s short-term investment portfolio.
B. Authorize the Chief Executive Officer to negotiate and execute Agreement No. C-9-1361 between the Orange County Transportation Authority and U.S. Bank, in the amount of $381,400, for a five-year term, to provide custodial banking services for the Orange County Transportation Authority’s short-term investment portfolio.