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. The fair lending plan required by Section 19-201(8)(c)(ii) is attached hereto as Exhibit B.
Explanation:
EXHIBIT A
May 2012 F. Dutchie (vw)
Contract Number 1020403-03 City of Philadelphia
Original Contract Number 1020403 City Treasurer Office
STANDARD AMENDMENT AGREEMENT
THIS STANDARD AMENDMENT AGREEMENT ("Amendment Agreement") is made as of this day of , 2012, and effective the 1st day of July 2012 (the "Effective Date"), by and between THE CITY OF PHILADELPHIA (the "City"), by and through its City Treasurer's Office ("Department"), and WELLS FARGO BANK, N.A., formerly known as WACHOVIA BANK ("Provider"), a national association with its principal place of business located at 1600 John F. Kennedy Boulevard, 4 Penn Center, Suite 810, Philadelphia, Pennsylvania 19103.
BACKGROUND
The City and Provider entered into a certain Contract, Contract Number 1020403,
dated November 5, 2009, for an Initial Term from July 1, 2009 through June 30, 2010...
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