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Agenda Item Id: Item Title 10016-ITN, BANK SERVICING AGREEMENT C Number: C-73-14-065-7-00 Action Requested: Approve the renewal/extension of the following contracts: (These are recommended with the concurrence of the using agencies and the vendors, upon satisfactory contract performance and, when appropriate, after a market survey is performed.) Renewal/Extension Date: July 01, 2014 Serial: 10016-ITN Item: Bank Servicing Agreement ($1,000,000 estimate / 1 year until June 30, 2015) Approve Amendment #3 to the Banking Services Contract, 10016-ITN with JP Morgan Chase Bank, NA. a national banking association to provide all banking services for the Maricopa County Treasurer and other agencies/departments as required under Arizona Revised Statues. Specifically, the Amendment renews the contact for a period of one year until June 30, 2015; modifies Exhibit A Pricing with respect to the Premium Managed Earnings Credit Rate and establishes the monthly settlement of fees; and Amends Exhibit B, Scope of Work, with respect to Short Term Financing Requirements related to the $35 million revolving line of credit. Awardee JPMorgan Chase Bank N.A. Board Required Information: Additional Information: Annual fees for services are approximately $1M and are determined through a reconciliation process with the Treasurer’s Office. Expenditure Impact By FY: N/A Item Notes: Is there a Financial Impact? no Is there related Managing for Results information? no 10016-ITN, RECOMMENDATION FOR RENEWAL General Item Information Department: Materials Management Constellation: Contact Name: Urszula Bradley Phone Number: 602-506-7307 Return To: Urszula Bradley Phone Number: 602-506-7307 Location: Supervisors' Auditorium Board: Meeting Date: 6/25/2014 Item Tracking