Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 10-20-2023
Requesting Agency: Finance
Division:
Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@denvergov.org
Phone Number:
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Second Amendatory Agreement with JPMorgan Chase Bank, N.A. to provide general bank services, including revenue processing, disbursement, fraud detection and controls, reconciliation, and reporting, citywide.
Amends a contract with JPMorgan Chase Bank, N.A. (201207060-01) for one additional year for a new end term of 12-31-2024 to provide general bank services, including revenue processing, disbursement, fraud detection and controls, reconciliation, and reporting, citywide. 201207060-02. The last regularly scheduled Council meeting within the 30-day review period is on 1-2-2024. The Committee approved filing this item at its meeting on 11-21-2023.
body
Affected Council District(s) or citywide?
citywide
Contract Control Number:
201207060-02
Vendor/Contractor Name (including any “DBA”):
JPMorgan Chase Bank, N.A.
Type and Scope of services to be performed:
JPMorgan Chase provides essential citywide banking services including high-volume revenue processing, disbursement, fraud detection and controls, reconciliation, and reporting.
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
N/A
Are WBE/MBE/DBE goals met (if applicable)?
N/A
Is the contract new/a renewal/extension or amendment?
amendment
Was this contractor selected by competitive process or sole source?
Competitive process
For New contracts
Term of initial contract:
Options for Renewal:
How many renewals (i.e. up to 2 renewals)?
Term of any renewals (i.e. 1 year each):
Cost of initial contract term:
Cost of any renewals:
Total contract value council is approving if all renewals exercised:
For Amendments/Renewals Extensions:
|
Current Contract Amount (A) |
Additional Funds (B) |
Total Contract Amount (A+B) |
|
$12,000,000 |
N/A |
$12,000,000 |
|
Current Contract Term |
Added Time |
New Ending Date |
|
Initial term, plus optional renewal terms 1/1/2014 - 12/31/2020 Amended term, three one-year renewal terms 1/1/2021 - 12/31/2023 |
Proposed amended term 1/1/2024 - 12/31/2024 |
12/31/2024 |