Title
Authorizing the City Treasurer, on behalf of the City, to enter into an agreement with Wachovia 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 Wachovia Bank, N.A. ("Wachovia"), substantially in the form set forth in Exhibit A, pursuant to which Wachovia 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.
EXHIBIT A
Wachovia Bank (bd)
F. Dutchie, March 2010
Contract Number 1020403-01 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 , 2010, and effective the 1st day of July, 2010 (the "Effective Date") by and between the City of Philadelphia (the "City"), by and the City Treasurer's Office ("Department"), and Wachovia 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, which includes the General Provisions, the Provider Agreement and any and all exhibits and attachments thereto (collectively, the "Base Contract"), wherein Provider agreed to render various Services to the City in accordance therewith for the Initial Term of July 1, 2009 to Jun...
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