Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a fee neutral multi-year Letter Agreement and any other necessary related Agreements with JP Morgan Chase Bank, N.A., extending the period to provide general banking services. [Dept. of Finance, Hensley]
Summary
Authorization to approve one (1) additional five (5) year Letter Agreement Extension with JPMorgan Chase Bank for primary banking services. No Budgetary impact. (L1158-24) (Hensley)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by David Barberie, November 12, 2024
Risk Management: N/A
Fully Budgeted: N/A
Account Number: 1101-202101-2011-78701
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the fee neutral multi-year Letter Agreement, attached hereto and incorporated herein by reference, and any other necessary related agreements, with JP Morgan Chase Bank, N.A., extending the period to provide general banking and purchasing card/electronic payables services.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
___________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
1158-24:EPT:4911-6778-4704, v. 1