1524-20251219135432 SENATOBIA.pdf
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- Attached to
- 1524-20251219135432 Senatobia
- Solicitation number
- 3170034692
- Issued by
- Tunica County, Mississippi
About this file
This is a Notice of Invitation for Proposals issued by the City of Senatobia, Mississippi, for Municipal Depository Services. The City is soliciting proposals from qualified financial institutions to serve as its municipal depository in accordance with Mississippi Code sections 27-105-305, 27-105-353, and 27-105-363. Proposals must be submitted in sealed envelopes to the City Clerk's office at City Hall, 133 N Front Street, Senatobia, MS 38668, with a deadline of 3:00 PM on Wednesday, January 14, 2026. The City Council will review proposals and present a recommendation to the Mayor and Board of Aldermen at their January 20, 2026, meeting. Interested financial institutions should contact City Clerk Katie Harbin at kharbin@cityofsenatobiams.gov or 662-562-4474, option 1, for proposal forms and additional information.
Each proposal must include interest rates for both short-term and long-term funds, transaction charges, and service fees. Proposing institutions must be certified by the State Treasurer as meeting the capital ratio requirements specified in Mississippi Code sections 27-105-5 and 27-105-6 and must designate security and collateral as authorized by law. If the City selects multiple depositories, each institution will be required to execute a depository agreement with the City. The City reserves the right to reject any or all proposals, waive irregularities, or accept any proposal deemed most favorable to its interests. The notice was published on December 31, 2025.
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Text version
NOTICE OF INVITATION FOR PROPOSALS FOR MUNICIPAL DEPOSITORY SERVICES FOR THE CITY OF
SENATOBIA, MISSISSIPPI
Notice is hereby given that the City of Senatobia, Mississippi, is seeking proposals from interested financial institutions for the opportunity to serve as the City of Senatobia’s Municipal Depository, as outlined in sections 27-105-305; 27-105-353; and 27-105-363 of the Mississippi Code of 1972, Annotated.
Proposals will be accepted at the City Clerks office located in City Hall at 133 N Front Street, Senatobia, MS 38668 until 3pm on Wednesday January 14, 2026. The proposals will be reviewed and a recommendation presented to the Mayor and Board of Aldermen meeting on their January 20, 2026, Board Meeting.
Each proposal shall contain interest rates to be paid on both short-term and long-term funds held by the institution as well as any charges for transactions and/or services handled by the institution for the City. Each financial institution designated as a depository shall designate the security and collateral authorized by law as specified in Miss Code Ann. Sections 27-105-5 and 27-105-315 for securing the funds. Each proposal shall include certification that they meet the requirements of Section 27-105-353, Mississippi Code of 1972, amended, being certified by the State Treasurer as meeting the capital ratio requirements specified in Section 27-105-5 or 27-105-6, Mississippi Code of 1972, amended. In the event that the City designated more than one depository, each depository shall enter into a depository agreement with the City.
For the proposal forms or any questions please contact City Clerk Katie Harbin at kharbin@cityofsenatobiams.gov or 662-562-4474, option 1.
Proposals must be submitted in a sealed envelope containing the information below:
From:
Name of Financial Institution Address of Financial Institution City, State, Zip of Financial Institution
To:
City of Senatobia Attn: City Clerk Katie Harbin 133 N Front St Senatobia, MS 38668
Subject:
Municipal Depository Proposal Due: January 14, 2026, by 3pm.
Within the limitations of state law, the City of Senatobia, Mississippi, reserves the right to reject any and all proposals received, to waive any informalities or irregularities in the proposals received, or to accept any proposal which is deemed most favorable to the City.
Publish December 31, 2025 mailto:kharbin@cityofsenatobiams.gov
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