Yolo County Beaconbid #1787593089691_b48e2385-a064-4799-8c1a-411672cf4213

Valley Clean Energy seeks banking services and lines of credit

Valley Clean Energy (VCE), a Community Choice Aggregator serving Woodland, Davis, Winters, and unincorporated Yolo County, is seeking proposals from qualified banking institutions for commercial operating banking services and lines of credit. - Government Buyer: - Valley Clean Energy (VCE), serving multiple cities and unincorporated areas in Yolo County - OEMs and Vendors: - No specific OEMs or vendors are named; opportunity is open to qualified banking institutions - Products/Services Requested: - Commercial operating banking services, including management of checking and lockbox accounts - Cash facility line of credit up to $7,000,000 - Letter of credit facility up to $11,000,000 - Liquidity management services for 0–1 year requirements, including evaluation of liquidity pools - Unique/Notable Requirements: - Ability to transition banking activities within at least 60 days - Consideration of existing contractual obligations (current contract valid through April 2027) - VCE is planning a transition to a cloud-based ERP system and operates with a hybrid workforce - Proposals should address liquidity management and operational flexibility

Description

Valley Clean Energy (VCE), a Community Choice Aggregator serving areas in Yolo County, is seeking proposals from qualified banking institutions to provide commercial operating banking services and lines of credit. The scope includes managing a primary depository relationship with current accounts and offering a line of credit up to $7,000,000 cash facility and $11,000,000 letter of credit. The contract for banking services is valid through April 2027, with a transition period of at least 60 days. Proposals should consider the timeline for transition and existing contractual obligations, and evaluation will include banking services and liquidity management options.

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