Memorandum
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This memorandum outlines a request for City Council action regarding the rebid for automated teller machine (ATM) concessions at the San José Mineta International Airport. It recommends approving the selection of Bank of America as the top-ranking proposer and delegating authority to the City Manager to negotiate and execute an agreement for ATM services. The proposed agreement would begin on January 1, 2026, and run until June 30, 2029, with options to extend through June 30, 2032. The ATM services are designed to enhance passenger convenience and accessibility.
Key points
- The current ATM contract with Bank of America is set to expire on December 31, 2025.
- The Airport Department issued a request for proposals for ATM concessions, which initially received no proposals.
- The solicitation was revised and reissued, resulting in two vendor proposals, with Bank of America being selected as the top-ranked proposer.
- The proposed agreement includes four ATMs in high-traffic areas of the airport and a monthly concession fee of $2,000 per ATM.
- The agreement is projected to generate approximately $349,000 in revenue over the initial term, with potential additional revenue if extension options are exercised.
Limitations
- The document contains unresolved placeholders and lacks specific details such as exact dates and financial figures beyond estimates.
- The text appears to be a draft, as indicated by the presence of placeholders and incomplete formatting.
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