Laserfiche WebLink
SECOND AMENDMENT TO <br />AGREEMENT FOR TREASURY SERVICES <br />THIS SECOND AMENDMENT TO AGREEMENT is entered into on September 20, <br />201 O, by and between BANK OF AMERICA, N.A. ("Bank") and the City of Santa Ana, a charter <br />city and municipal corporation of the State of California ("City"). <br />RECITALS: <br />A. The parties entered into Agreement #A-2005-193, dated July 1, 2005, (hereinafter "said <br />Agreement") by which Bank has provided bank depository services for City. <br />B. By amendment dated July 7, 2008, the parties agreed to extend the term of said Agreement. <br />C. In accordance with the terms and conditions of said Agreement, the parties wish to extend the <br />term for an additional one-year period and increase Compensation to pay for depository <br />services during the extended term. <br />WHEREFORE, in consideration of the covenants contained in said Agreement, and subject to all <br />the terms and conditions of said Agreement, except those amended in this Second Amendment to <br />Agreement, the parties agree as follows: <br />I . The parties agree that Bank will continue to provide bank depository services for an <br />additional six-month period, through December 31, 201 O. During the extended term of said <br />Agreement Bank will cooperate with City and its new depository services provider to transfer <br />services from Bank to new provider. At the end of the six-month period, Bank shall continue <br />to accept instruments for payment for an additional six-month period, through June 1, 201 1. <br />2. Bank and City agree that during the extended term of said Agreement, Bank will charge fees <br />for its services as set forth in the Schedule of Fees, attached hereto as Exhibit A, and <br />incorporated by this reference. Total depository fees charged by Bank shall not exceed <br />$100,000.00, during the extended term of said Agreement. <br />3. Except as hereinabove amended, all terms and conditions of said Agreement shall remain in <br />full force and effect. <br />IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to <br />Agreement on the date and year first written above. <br />ATTEST: <br />MARIA D. HUIZAR <br />Clerk of the Council <br />APPROVED AS TO FORM: <br />JOSEPH W. FLETCHER <br />City Attorney <br />CITY OF SANTA ANA <br />DAVID N. REAM <br />City Manager <br />BANK OF AMERICA, N.A. <br />EXHIBIT 2 (NAME) <br />(Title) <br />55A-7