SECOND AMENDMENT TO AGREEMENT BETWEEN THE
CITY OF SANTAANA AND JPMORGAN CHASE BANK, N.A.
EXHIBIT 2
THIS SECOND AMENDMENT TO AGREEMENT ("Second Amendment") is entered into this 5th day of August 2025, by and between the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California ("City"), and JPMorgan Chase Bank N.A. ("Banking Services Provider"). City and Banking Services Provider may be referred to herein separately as a "Party" and collectively as "Parties".
RECITALS:
A On December 6, 2016, the City entered into Agreement No. A-2016-366 ("Agreement") with J.P. Morgan Chase Bank N.A. in which Banking Services Provider, having special skill and knowledge in the field of banking services, banking technology, and related ancillary services to include but not limited to: daily deposit processing, image cash letter (ICL) deposits, check clearing, wire services, automated clearing house (ACH) transactions, positive pay services, account reconciliation, direct deposit of accounts payables, account analysis services, lockbox services, client staff training, the latter, to the extent reasonably required for City to utilize the services provided.
B. On December 21, 2021, the City executed the First Amendment to Agreement (No. A- 2021-285) with J.P. Morgan Chase Bank, N.A., by which the City and Banking Services Provider agreed to amend the Compensation, Term, Insurance, and Miscellaneous clauses of said Agreement. The Agreement is current and in effect.
C. The City and Banking Services Provider now desire to further amend the Agreement by entering into this Second Amendment, by which the City and Banking Services Provider agree to extend the term of the Agreement through December 31, 2028 (Section 3-1. Term of the Agreement) and add additional banking services as set forth in Exhibits A-2 and A-3.
The Parties therefore agree:
1. Section 1. Scope of Services, shall be amended to read as follows:
1. Scope of Services
BANKING SERVICES PROVIDER shall perform the following services as described in the CITY's Request for Proposal (RFP) No. 16-111 and related addenda, as more particularly described in Section 3-21 (the "RFP"), as clarified and/or modified by BANKING SERVICES PROVIDER'S proposal in response to such RFP, inclusive of all exhibits and attachments thereto and subsequent responses and clarifications provided to the CITY, as more particularly described in Section 3-21 (collectively, the "Proposal"):
a. BANKING SERVICES PROVIDER will provide CITY with services described in EXHIBIT A, Exhibit A-2 and Exhibit A-3, and, iflater elected by the CITY, Exhibit A-1 (subject to the notification requirements