3817 Amendment 4

City Clerk Document No.  
 
 
 
 
City Council Meeting Date: 7/14/22 
 
 
 
AMENDMENT TO CITY OF CHANDLER AGREEMENT 
LOCKBOX SERVICES 
CITY OF CHANDLER AGREEMENT NO. MS8-946-3817 
 
THIS AMENDMENT NO. 4 is made and entered into by and between the City of Chandler, an Arizona 
municipal corporation (City), and JPMorgan Chase Bank, N.A. (Contractor), (City and Contractor may 
individually be referred to as Party and collectively referred to as Parties) and made   
            , 
2022 (Effective Date). 
 
RECITALS 
 
WHEREAS, the Parties entered into an agreement for lockbox services (Agreement); and 
 
WHEREAS, the term of the Agreement was August 1, 2018 through July 31, 2019 with the option of up 
to four one-year extensions; and 
 
WHEREAS, the Parties wish to exercise the fourth option through this Amendment to extend the 
Agreement for one year. 
 
AGREEMENT 
 
NOW THEREFORE, the Parties agree as follows: 
 
1. 
The recitals are accurate and are incorporated and made a part of the Agreement by this 
reference.    
 
2. 
Section 4, Price is amended to read as follows: The City will pay the Contractor the per unit cost 
set forth in Revised Exhibit B of Amendment No. 2, which is incorporated into and made a part 
of this Amendment No. 4 by this reference.  Total payments made to the Contractor during the 
term of this Amendment No. 4 will not exceed $68,500. 
 
3.  
Section 5, Term is amended to read as follows: The Agreement is extended for a one-year period 
August 1, 2022 through July 31, 2023. 
 
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