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Jane 1 >, ?P71.(1 Christine Duarte Treasury Manager 20 Civic: Center Plaza. M14 Srtn of ATut, CA 92702 Subject: Bast and Final Ctesponsr W RF? No. 10-013 for Banking Services Clean Ms- Duarte, 31 "Morgan C'liase Bank (' J.P. Morgan ") 'Is plcaased to hose the opportrunhy to help the City of $.runs Area (the "C iW*) achieve and maintain a world rlass n:easory kind finance. operadan. We know incering these bnnncial nhanagument objeclises iv critiQal to your mission and to meeting constituent expectations fi,a surdice ex,cellence.. This letter constetaetes our "Best and Fine l espunse to the RFI'Nn 10.0 -3 )r Aarrking Services far th_, City.gJ Santee Ana. )'on may have noticed in our proposal that we sugtgestcd some new Creasury scevaccs such us Remote Deposit (check itnagu deposit) as well as a purchasing Crud program. The City will he aWe ter select and implement products and sm icev from J.P. Morgan that we know are Important to you, We will be pronome in Vistening to your needs and finding the, right answers. While these .solutions can be essential took for many erf our clients, wv rely on in- person asscssmona work with your scam Ro fuHy design the most apprupriare banking ploutorm for your future. In order to as!F.(yf with 7lag 'tt a Saxtta. Nua`s rmnyilion to J.P. fl ?brs_aaa,_yi will jir a conversion allowance �ev+urd to 12 morilhs a account atxa v c harl,et,i to µpith a our of $3F1,nf k &dng,the,Iixxt crontraciYear to o act avy cy, ;ts tat a Y.p{Jtjse„pTacesp. nJ Cw uyizg ,{sat In {l{.k_ulg,Lglxlltgnship Po, rc.s. '1 he noor amount will be in place to en.suic that the $29,5W of conversion costs estimnred by the City are covered fully. If the City incurs pens than $30,000 of :rnaly sls charges m the Jim contract year, then u�enenninee balance of conversion allowance will be carris:d over lro2ast tlrc first Veal until S30.000 in charges us reached, We would also like to clarify the term length of our pricing proposal thre was originally offered, In a dnigtt ta�ihe contracted three, years thefprrrctn�. +ljjere,l in Amer pro oval will rernnnt trnchan¢erI t/ r e 1 ar lee (wilt one yyye relooved _ X,iq,& 'llos will loco: in the proposed pricing, for fine years If the City chooses to Mend Ore. retoui +kinship alter the initial trice years contract. Alu7ng with qhe adlust.mcnts in the coffered cemvemon allowance and the pricing contract length was would also (tike to extend an increased earnings. Cre chi Raw { "NCR "} to the City, We art jtt,ggTdylt hrG,SFd aig d'C, ' of 0.60%and wq,r re increasing, Matto 07 ©"'Jo-,_ J.P.Mo ,an values the stable deposomr�} balances" that municitralines provide and w e helicve than you should lie compcnaawd for those batiances. We hope chat [lie higher LCR helps to cover costs incurred as it rel,ues to converting to J.P_Morgan along with the afoicnremioned ccnsersian allowance. Should you have questions regarding orn `Bc%t and Final" proposal response. picase do not hestuire ni contnet us. We are cargo to begin a successful rulanonshop with the City of Santa Ana. sincere]% r Aniv Rut e Vrace President. Relationship M:mager Mwa esli Patel Vice President, Iicasury Sales klauager 17875 Von M(: mi:'vn Avenue, luvine, i A 92614 Telephone. 944.83 '39 Fa,:an {m: 444.833 -4737 any .ucsw}ponchase.com 55A -19