Community support minor factor
BY ANGELA BROWN
Staff North Glengarry will be staying with the Royal Bank of Canada for the next three years after RBC ranked high among insitututions submitting bids to the municipality.
Only Coun. Michel Depratto opposed the decision in favour of the status quo.
Township staff had recommended council continue to use RBC since it had the best score of 93 per cent in the township’s rating system. Scotiabank got a score of 76 per cent, BMO Bank of Montréal 74 per cent, and La Caisse populaire de la Vallée Inc. 63 per cent.
The criteria included interest earned, 20 points, proposed fees and charges, 15 points, detailed transition plan, 20, online banking, 20, innovative solutions, 10, community participation, 5, and references, 10 points.
Some council members had previously noted that Scotiabank and La Caisse populaire have made significant donations for community projects over the years and had wanted to adjust the ratings by putting more emphasis on “community participation.”
CAO Daniel Gagnon said the township modelled the tender rating system on Stormont, Dundas, and Glengarry United Counties‘ method. It added a community participation category only because council had asked for it. This item isn’t part of the Counties’ criteria.
He added making a decision about what is best for the township’s financial services “isn’t about what they are putting into the community.”
On the issue of community participation, Deputy Mayor Jamie MacDonald, who chaired the meeting in Mayor Chris McDonell’s absence, said “the United Counties don’t fund community groups and they are providing lots of money into the community.”
When the matter first came to council in the Fall of 2015, treasurer Johanna (Annie) Levac had indicated the RBC provided a good interest rate.
The township report stated: “The Royal Bank included compliance to all of the township’s request for proposal requirements for the supply of banking services, as well as the highest
The CAO, treasurer and deputy treasurer together had previously evaluated all the proposals as a committee before making the recommendation to council.
Some council members had previously asked for a thorough breakdown of the rating system to compare how each financial institution rated, but the township had to consider confidentiality obligations and wasn’t able to provide a full breakdown.
Mr. Depratto still wanted to see a breakdown in the rating system.