This ordinance authorizes the City Treasurer to modify the existing banking services contract with JP Morgan Chase Bank by adding additional funding. It approves the expenditure of $2,335,000.00 from various city funds to support this modification and declares an emergency to expedite its implementation.
To authorize the City Treasurer to modify its contract for banking services with JP Morgan Chase Bank to add additional funding; to authorize the expenditure of $2,335,000.00 from various funds within the City; and to declare an emergency. ($2,335,000.00)
What it does
- 1Authorization for the City Treasurer to modify the banking services contract with JP Morgan Chase Bank
- 2Approval of expenditure totaling $2,335,000.00 from various city funds
- 3Declaration of an emergency to allow immediate effect
This ordinance authorizes the City Treasurer to modify the existing banking services contract with JP Morgan Chase Bank by adding additional funding. It approves the expenditure of $2,335,000.00 from various city funds to support this modification and declares an emergency to expedite its implementation.
Activity timeline
- Status changedImpact 50
2694-2026: Council Office for Signature → Passed
- Status changedImpact 30
2694-2026: Second Reading → Council Office for Signature
- ActionImpact 15
2694-2026 introduced (Ordinance)
Legislative history
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