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Contractual Obligations <br />The City of Santa Ana will require certain contractual obligations, regardless of any <br />agreements between the Financial Banking Institution and the City of Santa Ana. These <br />terms will include, but are not limited to: <br />1. Requirements to Meet All Provisions - Each Financial Banking Institution <br />submitting an offer shall meet all the terms and conditions of the RFP. By <br />virtue of its offering submittal, the Financial Banking Institution acknowledges <br />agreement with and acceptance of all provisions of the RFP specifications. <br />2. Inclusion of Offering - The offering submitted in response to this RFP will be <br />required to be included as part of the final agreement with the selected <br />Financial Banking Institution. <br />3. Accountability - The selected Financial Banking Institution will be required to <br />provide status meetings and submit status reports covering such items as <br />progress of work being performed, milestones attained, resources expended, <br />problems encountered and corrective action taken. <br />4. Costs - All costs must be detailed specifically in the project cost planning <br />section of the offering; no additional charges (i.e., for transportation, out -of- <br />pocket expenses, etc.) will be allowed unless so specified in the offering. <br />5. Ability to Perform - The selected Financial Banking Institution warrants that it <br />possesses, or has arranged through subcontractors, all capital and other <br />equipment, labor, materials, and licenses necessary to carry out and complete <br />the work hereunder in compliance with any and all federal, state, county, <br />City, and special district laws, ordinances, and regulations. <br />6. Laws to be Observed - The selected Financial Banking Institution shall keep <br />itself fully informed of and shall observe and comply with all applicable state <br />and federal laws and City of Santa Ana ordinances, regulations, and adopted <br />codes during its performance of the work. <br />7. Payment of Taxes - The offering costs shall include full compensation for all <br />taxes which the selected Financial Banking Institution is required to pay, <br />including City business license taxes (as may be applicable). <br />City of Santa Ana — Banking Services Page 35 <br />