HomeMy WebLinkAbout2014-072 Agrmt - BoA Banking Services
CITY OF ASHLAND
Agreement for Banking Services
This Agreement for Government Banking Services (the "Agreement") is made as of this 1st day of July.
2014 between City of Ashland (the "Client") and Bank of America, N.A., a national banking association.
WHEREAS, the parties wish to enter into this Agreement for the purpose of specifying the term and
constituent documents of the agreement between Client and Bank regarding Banking Services; as set
forth and defined in the Bank's Treasury Terms and Conditions booklet.
NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration, the
parties hereby agree as follows:
1. Integrated Agreement: The entire and integrated agreement between Client and Bank related to
the Services shall consist of this Agreement, the City of Ashland General Banking Services RFP
Response and Agreement, 5/13/2010 and the Bank's Treasury Terms and Conditions booklet
(including user documentation and set-up forms). The integrated agreement supersedes all prior
negotiations, representations, statements and agreements, whether written or oral, regarding the
Services.
Bank of America's Treasury Terms and Conditions booklet:
http://corp.bankofamerica.com/public/`pubfic.portal? Pd Page label=more/treasurvtermsconditions/default
2. Commencement of Performance: Except as otherwise agreed by the parties, Bank shall begin
performing each Service upon execution and delivery of this Agreement, the.pertinent service-level
agreement and the related set-up forms. Bank shall continue to perform such Services during the
term of this Agreement.
3. Term: This Agreement is for a duration beginning this 1st day of July. 2014 to June. 30, 2015, unless
terminated sooner as set forth herein. The Agreement may be extended by mutual consent of the
parties, herein and signed by their authorized representatives.
4. Termination: This Agreement may be terminated by either party upon (45) days written notice to
the other party.
In witness whereof, the parties have executed this Agreement as of the date first written above.
CITY OF /AISSD BANK OF ARRIL
SignatuSignature
Name: Barbara Christensen Name: Jeff Moore
Title: City Recorder/Treasurer Title: SVP, Senior Treasury Solutions
Officer
Address: 20 East Main St, Address: 300 S. Fourth St., 2nd Floor
City: _ Ashland, OR 97520 City: Las Vegas, NV 89101
Approved as to form:
City Attorney