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P.H. 2024-24: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A SECOND AMENDMENT TO THE AGREEMENT FOR GOVERNMENT BANKING SERVICES BETWEEN THE CITY OF POMPANO BEACH AND JPMORGAN CHASE BANK, N.A.; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
FIRST READING: FEBRUARY 27, 2024
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(Staff Contact: Allison Feurtado)
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Summary Explanation/Background:
JPMorgan Chase Bank was selected to provide the City's general banking services per the issuance of RFP H-62-2013. This Ordinance is to execute a second amendment to the agreement for government banking services between the City of Pompano Beach and JPMorgan Chase Bank, N.A. for one additional five-year period. The original agreement was entered into on March 17, 2014, approved by Ordinance 2014-24, which was subsequently amended on April 15, 2019 and extended to March 16, 2024. See attached memo for additional information.
Origin of request for this action: Allison Feurtado, Finance Department
Fiscal impact and source of funding: N/A
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