City of Philadelphia - File #: 110297

• File #: 110297
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 4/28/2011
• In control: Committee on Finance
• Title: Authorizing the City Treasurer, on behalf of the City, to enter into an agreement with Wells Fargo Bank, N.A. for provision of payroll banking services to the City, under certain terms and conditions.
• Sponsors: Councilmember Tasco
• Indexes: CITY DEPOSITORIES

Date	Ver.	Action By	Action	Result	Tally
6/24/2011	1	MAYOR	SIGNED
6/16/2011	1	CITY COUNCIL	READ AND PASSED	Pass	17:0
6/9/2011	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/9/2011	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/9/2011	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/6/2011	0	Committee on Finance	HEARING HELD
6/6/2011	0	Committee on Finance	AMENDED
6/6/2011	1	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/23/2011	0	Committee on Finance	HEARING NOTICES SENT
5/23/2011	0	Committee on Finance	HEARING HELD
5/23/2011	0	Committee on Finance	RECESSED
4/28/2011	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Authorizing the City Treasurer, on behalf of the City, to enter into an agreement with Wells Fargo Bank, N.A. for provision of payroll banking services to the City, under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Office of the City Treasurer, on behalf of the City, is hereby authorized to enter into an amendment agreement (the "Amendment Agreement") with Wells Fargo Bank, N.A. (formerly Wachovia Bank, N.A.) ("Wells Fargo"), substantially in the form set forth in Exhibit "A," pursuant to which Wells Fargo shall continue to provide payroll banking services to the City, under certain terms and conditions.
SECTION 2. The City Solicitor shall include in said Amendment Agreement such terms and conditions as she may deem necessary to protect the interests of the City.
SECTION 3. Pursuant to Philadelphia Code Section 19-201(c), attached hereto as Exhibit "B" is an updated fair lending plan submitted by Wells Fargo.



EXHIBIT A



Wachovia Bank (bd)
F. Dutchie, April 2011
Contract Number 1020403-02 City of Philadelphia
Original Contract Number 1020403 City Treasurer's Office


STANDARD AMENDMENT AGREEMENT

THIS STANDARD AMENDMENT AGREEMENT ("Amendment Agreement") is made as of this day of , 2011, and effective the 1st day of July, 2011 (the "Effective Date") by and between the City of Philadelphia (the "City"), by and the City Treasurer' Office ("Department"), and Wells Fargo Bank ("Provider"), a national banking association, with its principal place of business at 123 South Broad Street, Philadelphia, Pennsylvania 19109.


BACKGROUND

The City and Provider entered into a certain Contract, Contract Number 1020403, dated May 5, 2009, with Wachovia Bank, N.A. ("Wachovia") which includes the General Provisions, the Provider Agreement and any and all exh...