What the buyer needs
AI summaryThe County of Berrien Purchasing Department requests proposals for investment management and banking services for the Brownfield Authority. The selected vendor must deliver depository and checking services, automated daily sweeps and liquidity protection, and municipal accounting, auditing, and regulatory reporting from their own office premises. Only onshore USA organizations may bid, and Iran-linked businesses are barred under Michigan Public Act 517 of 2012. Bidders must deliver two copies of their proposal in a sealed envelope marked with Bid No. 2026-079 to the Purchasing Department in St. Joseph, Michigan, no later than 9:00 AM Eastern Time on November 10, 2026. Each bid submission must include written certification confirming the bidder is not an Iran-linked business. The County reserves the right to reject any and all bids or make deviations deemed in its best interest.
Scope of work
- Primary general operating checking accounts and specialized disbursement accounts maintenance
- Implementation of master-sub accounting structures or Zero-Balance Accounts for TIF plans and escrows
- Electronic banking access including ACH origination, domestic wires, remote deposit capture, and Positive Pay
- Automated daily sweep mechanisms into interest-bearing, statutory-compliant instruments
- Deployment of multi-bank deposit placement networks (ICS/CDARS) for 100% FDIC insurance coverage
- Public Act 20 compliant short- and medium-term investment portfolio management
- Third-party custodial segregation and safekeeping of investment securities in the Authority name
- Monthly account/investment statements, annual audit confirmations, and GASB 40 and 72 reporting
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Net Yield & Financial Terms | 30% |
| Statutory Compliance & Deposit Security | 25% |
| Cash Management & Technological Capabilities | 20% |
| Public Sector Experience & Support | 15% |
| Audit, GASB & Statutory Reporting | 10% |
Minimum qualifications
- Qualified, eligible financial institutions and commercial banks
- Eligibility designation as a public depository under MCL 129.12
- Not an Iran-linked business pursuant to Michigan Public Act 517 of 2012
Documents to include with your response
- Two (2) copies of bid proposal
- Form A-1: Iran Economic Sanctions Act Certification (PA 517 of 2012)
- Institutional Qualifications & Public Sector Experience profile
- Dedicated Public Funds Team resumes and roles
- Comprehensive Fee & Cost Schedule
- Interest Rate & ECR Methodologies
- Collateralization & Deposit Security description
- Statutory Compliance & Legal Disclosures certifications
How to submit
- Method
- Sealed envelope
- Instructions
- Send two (2) copies of bid proposal in a sealed envelope marked BID NO. 2026-079 to Purchasing Department, County of Berrien, Michigan, Administration Center, 701 Main Street, St. Joseph, Michigan 49085.