HAYWARD CITY COUNCIL
RESOLUTION NO. 23-____
Introduced by Council Member __________
RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF HAYWARD AND JP MORGAN CHASE, N.A. FOR BANKING AND CASH MANAGEMENT SERVICES FOR AN ADDITIONAL THREE YEARS WHEREAS, in January 2018, the City Council authorized the City Manager to enter into an agreement with JP Morgan Chase, N.A for banking and cash management services pursuant; and WHEREAS, due to an administrative oversight, the original resolution did not provide authority to exercise an option to extend the agreement for an additional three-year term; and WHEREAS, the City recommends amending the agreement with JP Morgan Chase, N.A for an additional three years.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hayward that the City Manager is hereby authorized and directed to negotiate and execute an agreement amendment with JP Morgan Chase, N.A. for banking and cash management services, in a form approved by the City Attorney, for an additional three-year term through January 1, 2026.
IN COUNCIL, HAYWARD, CALIFORNIA _______________________, 2023 ADOPTED BY THE FOLLOWING VOTE:
AYES: COUNCIL MEMBERS:
MAYOR:
NOES: COUNCIL MEMBERS:
ABSTAIN: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
ATTEST: ______________________________________
City Clerk of the City of Hayward
APPROVED AS TO FORM:
_________________________________________
City Attorney of the City of Hayward
ATTACHMENT II