City and County of Denver - File #: 20-1427

• File #: 20-1427
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 11/23/2020
• In control: Finance & Governance Committee
• On agenda: 12/21/2020
• Final action: 12/21/2020
• Title: A resolution approving a proposed Amendatory Agreement between the City and County of Denver and JPMorgan Chase Bank, N.A. to extend the term and to modify the pricing schedule for commercial banking services. Amends a contract with JPMorgan Chase Bank, N.A. by adding two years for a new end date of 12-31-22 to maintain the City's banking services. No change to contract amount (FINAN-202055953). The last regularly scheduled Council meeting within the 30-day review period is on 1-11-21. The Committee approved filing this item at its meeting on 12-8-20.
• Indexes: Zach Rothmier

Date	Ver.	Action By	Action	Result
12/21/2020	1	Council President	signed
12/21/2020	1	City Council	adopted	Pass
12/8/2020	1	Finance & Governance Committee	approved for filing

Contract Request Template (Contracts; IGAs; Leases)

Date Submitted: 11-23-20

Requesting Agency: Finance
Division:

Subject Matter Expert Name:

Name: Kiki Turner
Email: Kiki.Turner@denvergov.org

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 Amendatory Agreement between the City and County of Denver and JPMorgan Chase Bank, N.A. to extend the term and to modify the pricing schedule for commercial banking services.
Amends a contract with JPMorgan Chase Bank, N.A. by adding two years for a new end date of 12-31-22 to maintain the City's banking services. No change to contract amount (FINAN-202055953). The last regularly scheduled Council meeting within the 30-day review period is on 1-11-21. The Committee approved filing this item at its meeting on 12-8-20.
body

Affected Council District(s) or citywide? Citywide

Contract Control Number: FINAN-202055953

Vendor/Contractor Name (including any "DBA"): JPMorgan Chase Bank, N.A.

Type and Scope of services to be performed:
The City's banking structure provides secured revenue processing, managed disbursement, custodial, reconciliation and reporting services for the $10 billion that flows through Denver's bank accounts annually. Our high volume of deposits and disbursements require a robust set of bank services to support daily operations including file transfer management, high volume payment processing equipment and support, image processing and archival, electronic funds transfers, online services and reporting, reconciliation...