Title
Authorizing the City Treasurer, on behalf of the City, to enter into an amendment agreement with Citizens Bank of Pennsylvania 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 Citizens Bank of Pennsylvania ("Citizens Bank"), substantially in the form set forth in Exhibit A, pursuant to which Citizens Bank 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 he may deem necessary to protect the interests of the City.
SECTION 3. In accordance with Section 19-201(8)(c)(ii) of The Philadelphia Code, Citizen Bank's updated fair lending plan is attached to this Ordinance as Exhibit B.
SECTION 4. The Chief Clerk shall keep on file Exhibits A and B and shall make them available for inspection by the public during regular office hours.
EXHIBIT A
May 2020 P. Kim/vw
Contract Number 1820003-03 City of Philadelphia
Original Contract Number 1820003 City Treasurer's Office
STANDARD AMENDMENT AGREEMENTcc-s
THIS STANDARD AMENDMENT AGREEMENT ("Amendment Agreement") is made as of\cc-d\ and effective the 1st day of July, 2020
(the "Effective Date") by and between The City of Philadelphia (the "City"), by and through the City Treasurer's Office ("Department"), and Citizens Bank of Pennsylvania ("Provider"), a for profit corporation, with its principal place of business located at 1 Citizens Plaza, Providence, Rhode Island 02903.
BACKGROUND
The City and Provider entered into a certain Contract, Contract Number 1820003,
dated November 3, 2017, for an Initial Term fro...
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