City Council

G. Award Contract for Banking Services to JPMorgan Chase\nRecommended Action\nStaff recommends that the City Council:\n1. Adopt a finding of no possibility of significant effect pursuant to Section 15061(b)(3)\n(Common Sense Exemption) of the California Environmental Quality Act (CEQA)\nGuidelines.\n2. Award RFP #360 to JPMorgan Chase Bank, N.A. to provide banking services for the\nFinance Department.\n3. Authorize the Director of Finance/City Treasurer to negotiate and execute an agreement\nwith JPMorgan Chase Bank, N.A. in an estimated amount of $800,000 for eight years,\nwith future year funding contingent on Council budget approval.\nStaff Report Printout\na. OAKS Initiative Form