Ordinance No. 12,742ORDINANCE NO. 12,742
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING THE EXTENSION OF THE DEPOSITORY SERVICES CONTRACT
WITH JP MORGAN CHASE BANK FOR A TERM NOT TO EXCEED AN
ADDITIONAL ONE MONTH; AUTHORIZING THE CITY MANAGER TO TAKE
APPROPRIATE ACTION TO IMPLEMENT THE EXTENSION; AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
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WHEREAS, in September 2009, the City Council authorized the City Manager to negotiate the
Depository Services Contract with JP Morgan Chase Bank for a term of three years, with two one -year
extensions.
WHEREAS, the contract expired September 30, 2014; and
WHEREAS, on August 14, the City Council extended the contract for a six -month period to
facilitate the City's conversion to the new accounting software system; and
WHEREAS, an additional one -month extension is needed in order to generate greater responses
from depositories due to the holidays; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the
extension of the Depository Services Contract with JP Morgan Chase Bank for a term not to exceed an
additional one month.
Section 2: That the City Manager is hereby authorized to take appropriate action to
implement the extension authorized in Section 1 hereof.
Section 3: This ordinance shall take effect immediately from and after its passage by the
City Council of the City of Baytown. ,q
INTRODUCED, READ and PASSED by the affirm ve vote of the City Council of the City of
Baytown this the 110' day of December, 2014.
A ST:
LETICIA BRYSCH, City Jerk
APPROVED AS TO FORM:
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H. DONCARLI?S, Mayor
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ACIO RAMIREZ, SR., City A to ey
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