55E - RESO - AGMT - DEPOSITORY SRVS

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J.P. Morgan has identified below the terms or conditions that we respectfully request be modified in accordance with our recommended revisions. We are willing to discuss mutually agreeable modifications to the contract terms. The proposed changes are indicated by additions in italic, underlined, text and deletions by strikethrough, red text. RFP, Number 11, P. 36 the. ein, the signer must alse deelafe in wfifing that the pf apasal is made ivithout ..: *I.,...t eell .sien ,... fraud, and A...t the ..:..ne f of the p............1 has A.11 RtF ffi6Fity t.. 1.:..,1 the !The signer of the RFP must declare in writing those matters certified in Attachment 2." RFP, Sec. I.A, p.1 last paragraph, first sentence. The City intends to enter into a contract for a three (3) year term beginning from the commencement of depository banking services with an option to renew for an additional two one (1) year periods, upon mutual agreement of the Citu and the Bank. RFP, Sec. I.C., p.1 -2 references to Housing Account. "In light ofHUD requirements. the City may wish to reconsider pooling of the Housing Agency funds within the general account." RFP, paragraph 1.e. Local Branch. P. 3 `As a business practice. the Proposer regularly reviews branch and ATM activity which may result in branch openings and closings. ATM placement or removal, or in the change of branch bank or ATM functions. Therefore, branch bank and ATM locations and functions may change from time to time." RFP, Attachment 8, P. 33- 38 Responses to the Request for Proposals will be accepted until October 14. 2016 at 5:00 p.m. Oral presentation interviews / demonstrations are scheduled (as required) for To Be Determined). Subsequently, negotiations are expected to be completed by November 7, 2016. The City intends to award a three (R) year agreement (with two one (year options to renew upon mutual consent of the Bank) to the bidder(s) selected as Page 123 J.P. Morgan 55E -218