DATE: December 5, 2017
TO: Mayor and City Council
FROM: Director of Finance
SUBJECT
Authorization to Execute a Banking Services Agreement with JP Morgan Chase Bank, N.A. for Banking Transactions and Cash Management Services.
RECOMMENDATION
That Council adopts the attached resolution (Attachment II) authorizing the City Manager to execute a five-year contract with JP Morgan Chase Bank, N.A. for banking transaction and cash management services (banking services). The agreement would be effective from January 1, 2018 through January 1, 2023.
ATTACHMENT
Attachment I Staff Report
Attachment II Resolution