2021 PBA 17/18-66, Wells Fargo Bank (2)I
soFINANCE DEPARTMENT —
Thursday, December 20, 2018
lk! I -R! 111"I 1 11 11A
The item(s) noted below is/are attached and forwarded to your office for the following action(s):
F]
Development Order
n
Mayor's signature
❑
Final Plat (original mylars)
F].
Recording
❑
Letter of Credit
❑
Rendering
El
Maintenance Bond
Safe keeping (Vault)
F]
Ordinance
F]
Deputy City Manager
F1
Performance Bond
F]
Payment Bond
F1
Resolution
n
City Manager Signature
❑
F]
City Clerk Attest/Signature
F]
City Attorney/Signature
Once completed, please:
n Return originals to Purchasing- Department
F] Return copies
EJ
Special Instructions:
1—i.4� r3oja4czi4ev-
From
SharePoint—Finance —Purchasing_Forms - 2018.doc
Date
MASTER BANKING SERVICES AGREEMENT
This Master Services Agreement (this "Agreement")bentered into saofthe ?jb day
of 2016 by and between Wells Fargo Bank, N.A. ("Bank"), and the City of Clearwater
Recitals
WHEREAS, the Customer requested proposals pursuant to its Request for Proposal
Number 2Z^l6issued March 8,2D16("RFP");and
WHEREAS, Bank submitted a proposal doted April 20, 2016' including all agreements,
service descriptions, and other documents included therewith and appended thereto
("Proppsa|")inresponse tothe RFP: and
WHEREAS, Customer has requested that Bank provide certainbanking and treasury
management services (coUective|y>the °Senices")UnCustomer; and
WHEREAS, Bank has agreed to provide the Services toCustomer, and Customer has
agreed to accept the Services, upon the terms and conditions set forth in this Agreement.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which, each of Bank and the Customer expressly acknowledge, each of Bank and Customer
hereby agree asfollows:
Agreement
1. Service Documentation. Bank shall provide, and Customer shall accept the
Services pursuant to the terms and conditions of the "Service Documentation", which are
expressly incorporated hereinbyneference'ondanyamnendments,whichiodude:
1.1 This Agreement;
1.2 Bank's Response tu Request for Proposal #22-16, dated April I0, 2016
("Proposal");
1.3 The Customer's Request for Proposal #22-16,dated March 8,2D16(the
"RFp~),which .includes:
1,3.1Customer's Terms and Conditions
1.4 TheServicoDescription for each Service (each,a"Service 0asmriptimw");
1.5 The account agreement for the deposit accounts that Customer
maintains atBank (the "Deposit Agreemnent");and
1`6 User guides, which may include software, software licenses, price
schedules, specifications, instructions and notices,
if there iseconflict among the documents that make upthe Service Documentation, the
documents will govern in the order set forth above. The Deposit Agreementand the Service
Descriptions ineffect asufthe date o[this Agreement are included under Tab Gofthe Bank's
Proposal 'inresponse tuthe RFP dated April IO,3016'
K]M16-982
The Service Documentation constitute the entire agreement between Bank and Customer and
supersedes all prior understandings, proposals or
agreements regarding aService. Nocourse ofdealing orwaiver ofany right onone occasion will
constitute a modification of the above referenced documents or be a waiver of that right on a
subsequent occasion.
2. Services; Additional Services. Bank and Customer will agree upon the
Service(s) to be provided, If Customer requests and Bank agrees to provide additional services
after the date of this Agreement, which are governed by additional service descriptions, pricing
or other documents, the terms and conditions thereof shall be deemed to be incorporated
herein by reference without the need to either amend this Agreement or to add such service
descriptions, pricing or other documents as attachments to this Agreement.
�Changes to Services or Service Documentation.
Bank may change the Service Description or Services offered at any time upon prior
written notification. If Customer discontinues using the affected Service before the change
becomes effective, it will not be bound by the change. If Customer continues to use a Service
after the change becomes effective, it will be bound by the change.
4. Term and Termination.
Term The initial term of the Agreement bthree (3)years, commencing on
October 1, 2016 and shall continue in full force and effect until September 30, 2019^ unless
otherwise terminated in accordance with the provisions of this The City shall be
provided with two (2), two (2) year extension options. Said contract extensions will be subject
tbpricing negotiation mmutua||yagveeaWetobothparties. Bank shall provide written notice of
any request for fee increases nolater than 60days prior tothe term expiration date. Extension
prices shall befirm for the extension term.
Termination. Unless terminated sooner in accordance with the Service
Documentation, this Agreement and all Services will continue in effect until terminated by
either party, with or without cause, upon thirty (30) days prior written notice to the other party
(unless a Service is terminated sooner in accordance with the Service Documentation). Bank
may terminate any,Service (a) following notice to Customer of a breach of any provision of the
Service Documentation and Customer's failure to cure the breach within fifteen (15) days of the
date of such notice, or (b) without notice to Customer if (i) Customer is subject to a petition
under the U. S. Bankruptcy Code or (ii) Bank determines in its sole discretion that a material
adverse change has occurred in Customer's ability to perform its obligations under the Service
Documentation. The termination of a Service will not affect Customer's or Bank's rights with
respect to transactions occurring before termination. Bank will not be liable to Customer for
any losses or damages Customer may incur as a result of any termination of any Service.
Rights and Remedies. Either party may pursue such rights and remedies at
law orinequity asmay beavailable to itaslimited or defined in this Agreement
S. Compensation. The City will pay Bank num not to exceed $125,000 annually,
("Compensation") for the Services as set forth in the Proposal dated April 20, 2016, Section D,
Appendix A and 0 and attachments thereto. The Compensation shall constitute full
compensation for all Services that are actually performed pursuant to this Agreement, Fees for
�
the Services will be in accordance with the fee structure outlined inthe Proposal. If, during any
Customer fiscal year (October 1—September 3U), either party notifies the other party that the
Customer's expenditures are likely toexcee6theoot-to'exceedCompensation, the parties will
seek to conform usage to the not -to -exceed Compensation through mutual agreement,
amendment, and the Customer may seek additional funding, as necessary, at its discretion. If
the parties are unable to make adequate adjustments to avoid potential exhaustion of the not -
to -exceed Compensation, either party may terminate this agreement immediately upon written
notice as provided for herein. Bank shall submit monthly invoices for any fees not covered by
earnings credits, which Customer will promptly pay in accordance with Section 218.70 et. seq.,
Florida Statutes, "rhe Local Government Prompt Payment Act". Customer reserves the right to
dispute any payments invoiced by Bank in accordance with Section 218.76, Florida Statutes and
Customers Dispute Resolution Process. It is understood that Customer is a tax exempt entity
and shall only be responsible for the payment of applicable taxes, if any, if and when it loses tax
exempt status.
Compensation due toBank under this Agreement issubject tothe appropriation ofsuch
Compensation in each fiscal year ofthis Agreement, by Customer's governing board. If funds
are not appropriated by Customer's governing board, Customer shall not heobligated topay
Compensation due under this Agreement beyond those funds which have been properly
appropriated.
6. Unless otherwise provided in
the Service Documentation, all User Guides and software provided to Customer constitute
Bank's or its vendor's confidential information ("Confidential Information"), and Customer will
not acquire any ownership interest in or rights to Confidential Information as a result of
Customer's use of any Sen/ice, Subject tofederal |avv and the |amm of the State of Florida
related to public records disclosure, Customer will (a) maintain the confidentiality of the
Confidential Information; (b) not disclose (or permit its employees or agents to disclose), copy,
transfer, sublicense or otherwise make any of it available to any person orentity, other than
Customer's employees who have aneed tuuse the Confidential information |nconnection with
the applicable Service; and (c) not decompUe, reverse engineer, disassemble, modify, or create
derivative mxzrku of any Confidential Information. Customer will notify Bank immediately if it
knows or suspects that there has been any unauthorized disclosure, possession, use or
knowledge (each, an "Unauthorized Use") of any Confidential Information. If Customer (or its
employees oragents) is responsible for the Unauthorized Use, Customer will, at its expense, if
directed by Bank in lieu of Bank taking such action itself, promptly take all actions, including
without limitation initiating court proceedings to recover possession and prevent further
Unauthorized Use of the Confidential information and obtain redress for any injury caused to
Bank asaresult ofsuch Unauthorized Use. Bank acknowledges that the Customer issubject to
public records law, including but not limited toChapter 119, Florida Statutes, and that any of
the Customer's obligations under this Section may be superseded by its obligations under and
requirements ofsaid laws.
Bank will hold Customer Confidential Information imtrust and confidence and shall not
disclose to any third party, except for disclosures to Bank representatives in connection with
performing the Services orinthe performance ofthis aurequired bylaw; tufederal
and state bank examiners, and other regulatory officials having jurisdiction over Bank; or as
approved byCustomer authorized representatives.
Public Records, Bank acknowledges that information and data itmanages aypart ofthe
Services may be public records in accordance with Chapter 119, Florida Statutes and Customer
public records policies. Bank agrees that prior to providing Sen/ices it will implement policies
3
(For GIB Use Only - Std -Z 14.2011)
and procedures to maintain, produce, secure, and retain public records in accordance with
applicable laws, and regulations. Notwithstanding any other provision of this Agreement, the
Bank agrees to charge the Customer requesting public records only such fees as are permitted
under Chapter 119, Florida Statutes for locating and producing public records related to this
Inspection of Records; Audit. Bank shall retain all records relating to this Agreement
for aperiod of at least Years following the date of their creation, All records shall be
kept in h a way as will permit their inspection In
uuu^mv, Customer ,cucnem the ngnz to audit contract and pricing records related to this
Agreement. None of the foregoing shall provide a right for the Customer to conduct physical
audits of Bank's facilities or to access Bank's systems, networks or equipment.
7. Representations and Warranties
7.1 Mutual and Warranties. Each of the parties
hereto represents and warrants to the other party that: (i) such party isduly organized and in
good standing in all appropriate jurisdictions; (ii) each party isfully authorized to execute and
perform under this Agreement and the execution of and performance under this Agreement
does not violate any law, regulation, contract or organizational document by which such party is
bound; and (iii) the individual(s) executing this Agreement on behalf ofsuch party has full
corporate and/or organizational authority todoso;
7.2 Customer warrants |twill not use any Service inamanner which violates
any federal or state law including without limitation any sanction or control administered by the
Office .ofFo/e|gn4ssetsControl or Bureau ofExport Administration.
7.3 |fCustomer employs anagent inconnection with its use Qfany Service,
Customer represents and warrants to Bank that (a) Customer's governing body has duly
authorized the agent and (b) Customer will exercise appropriate controls to ensure each agent
so authorized does not exceed the authority so granted to it. Any communication to Bank
regarding Customer's use of a Service from Customer's agent will be deemed to be a
communication from Customer, and Customer authorizes Bank to communicate with
Customer's agent regarding any such communication m/Service.
7.4 Neither Bank nor any software vendor makes any express or implied
representations orwarranties with respect tothe Services orany software used in connection
with the Services including without limitation any warranty as to the merchantability or fitness
for oparticular purpose, other than those expressly set forth inthe Service Documentation.
7.5 Independent Bank Status and Compliance with the Immigration and
Control Act. Bank shall remain an independent contratorand is neither agent, employee,
partner, nor joint venturer o[Customer. Bank acknowledges that it)s responsiblefor complying
with the provisions ofthe Immigration Reform and Control Act of1986|ocate6at 8U.S.[1324'
et. seq,and regulationsne|ating thereto, aseither may beamended from time bztime, Failure
to comply with the above provisions shall be considered a material breach of the Agreement.
8. Liability and Indemnification; Insurance.
4
8.1 Bank will perform each Service in accordance with reasonable
commercial standards applicable business; laws, regulations and operating circulars
governing the activities ofBank; applicable funds transfer system(s) and clearinghouse rules;
and the Service Documentation.
8.2. Bank is under noobligation to honor, |nwhole orinpart, any entM file,
batch release, transfer instruction, payment order, transaction or instruction that (a) exceeds
the available balance in er!s account, unless otherwise provided in the Service
Documentation; b) is not inaccordance with the Service Documentation or Bank's applicable
policies, procedures or practices as mode available to Customer; c) Bank has reason to believe
may not have been duly authorized, should not be honored for its or Customer's protection, or
involves funds subject to a hold, dispute, restriction or legal process; or d) would possibly result
in Bank violating any applicable rule or regulation ofany federal or state regulatory authority
including without limitation any Federal Reserve guidelines such as the limitations on Bank's
intra -day net funds position.
8.3 All uses ofServices through Customer's |D codes, passwords, token
cards' p|Ns, or passcpdms (each, a "Code") will be deemed to be authorized by and binding on
Customer. Customer's failure to protect Codes may allow an unauthorized party to (a) use the
Services, (b) access Customer's electronic communications and financial data, and (d send or
receive information and communications to Bank. Customer assumes the entire risk of
unauthorized use ofCodes and unencryptedelectronic transmissions.
8.4 Customer will promptly furnish written proof ofloss toBank and notify
Bank if it becomes aware of any third party claim related to a Service. Customer will cooperate
fully (and atits own expense) with Bank inrecovering aloss, {fCustomer isreimbursed byoron
behalf of Bank, Bank or its designee will be subrogated to all rights of Customer.
8'5 Bank will have noliability for 'failure toperform ordelay inperforming a
Service if the failure or delay is due to circumstances beyond Bank's reasonable control, If Bank
determines that any funds transfer or communications network, Internet sen/ice provider, or
other system(s) it has selected to provide a Service is unavailable, inaccessible or otherwise
unsuitable for use by BankurCVstomer, Bank may, upon notice to Customer, suspend or
discontinue the affected Service. �
8.6 Except in the case of Bank's negligence or intentional misconduct,
Customer will reimburse and hold Bank, its directors, officers, employees and agents harmless
from all losses or damages that arise out of: (m) an act or omission of any agent, courier or
authorized representative of Customer; and (b) if the Service includes a license or sublicense of
any software to Customer, the use or distribution of the software byCustomer or any person
gaining access to the software through Customer that is inconsistent with the license or
sub|icense. Bank to indemnify, pay the cost ufdefense, including attorney's f��and
hu|dharmless the Customer, its officers, employees and agents from all damages, suits, actions
orclaims ufany character brought on account of any injuries damages received or sustained
by any persons or property, or in any way relating to or arising from the breach of this
Agreement, negligence or willful misconduct of the Bank, except to the extent any such suit,
action, claim, injury or damages shall have been occasioned by the breach of this Agreement,
negligence or willful misconduct of Customer.
Nothing stated in this Agreement shall be construed to be a waiver of Customers
sovereign immunity, as set out in Section 768Florida Statutes, or (H) an acknowledgement or
agreement by Bank that any claim or cause of action is subject to a sovereign immunity defense,
8.7 Bank ,will only be liable to Customer for Customer's direct monetary
losses due to Bank's negligence or intentional misconduct. Except as expressly provided
otherwise in the Service Documentation, neither party to this Agreement will be liable to the
other party for any special, consequential, incidental (including without limitation court costs
and attorneys' fees), indirect, or punitive losses mrdamages, whether any claim is booed on
contract or tort, orwhether the likelihood of such louses or damages was known to the other
party and regardless mfthe form oythe claim oraction.
8.8 Insurance. Bank shall comply with the insurance requirements set
forth in attached hereto and incorporated herein.
9.
9.1 The Service Documentation will be governed by substantive federal
laws, regulations and rules and, to the extent such laws, regulations and rules are not
applicable, those of theState of Florida, without regard to conflicts of laws principles. Any
portion of the Service Documentation which isinconsistent with applicable laws, regulations or
rules will be deemed modified and applied in a manner consistent therewith, and Bank will incur
no liability to Customer as a result of the inconsistency or modification and application. If any
portion of the Service Documentation is deemed unenforceable,' it will not affect the
enforceability ofthe remaining Service Documentation.
9.2 Either party may provide notice tothe other party by noxU personal
delivery, orelectronic transmission. Bank will use the most recent address for Customer in
Bank's records, and any notice from Bank will be effective when sent. Customer will use the
address where Customer's relationship manager orother manager i located and ed6naus any
notice to the attention of such manager. Any notice from Customer will be effective when
actually received by Bank, Bank will be entitled to rely on any notice from Customer that it
be,lieves in good faith was authorized by an authorized representative of Customer and, except
asexpressly stated inthe Service Documentation, will have 'noobligation toverify the signature
(including anelectronic siQneture). Each party will have areasonable time after receipt ofany
notice to act on it.
9.3 The Services rely upon a robust network of Bank assets, employees and
third -party resourcen located in the United States and around the world to provide service to
BanKscostUn�en.Bank reserves the right bm-perform services using this model and tnadd and
delete service providers at Bank's discretion. Bank has rigorous vendor engagement policies and
procedures. Bank takes responsibility for the actions of the provider's!with whom it enters into
contracts toprovide 'services toBank's customers.
9.5 This Agreement may be executedinany number ofcounterparts, which
when taken together shall constitute one complete original of this Agreement. This Agreement
9.6 Time isofthe essence with respect toall provisions of the Service
Documentation that specify mtime for performance; provided, however, that the foregoing shall
not be construed to limit a party's grace period allowed in the Service Documentation.
93 Compliance with Laws. Each party shall comply with all applicable
federal, state, county and local laws, ordinances, rules and regulations in the performance of
this Agreement.
9.8 Public Entities Crimes. Bank is directed to the Florida Public Entities
Crime Act, §287,133 Florida Statutes, and represents to Customer that Bank is qualified to
transact business with public entities in Florida.
9.9 Severability. The terms and conditions ofthis Agreement shall be
deemed tobeseverable. Consequently, ifany clause, term, urcondition hereof shall beheld to
be illegal or void, such determination shall not affect the validity or legality of the remaining
terms and conditions, and notwithstanding such determination, this agreement shall continue in
full force and effect unless the particular clause, term, or condition held to be i||e8m| or void
renders the balance ofthe agreement impossible toperform.
9.10 Applicable Law and Venue. This Agreement shall begoverned by
and construed in accordance with the laws of the United States and the State ofFlorida. The
parties agree that all actions or proceedings arising in connection with this Agreement shall be
tried and litigated exclusively ihthe state orfederal courts located |n Pinellas County, Florida.
9,11 Waiver. Nowaiver byeither party of any breach! or violation of any
covenant, term, condition, or provision of this Agreement or of the provisions of any ordinance
or law, shall be construed to waive any other term, covenant, condition, provisions, ordinance
orlaw, o,ofany subsequent breach orviolation ofsame.
912 Entire Agreement, This Agreement (including the Service
Documentation incorporated) constitutes the entire Agreement between the parties and
supersedes all prior negotiations, representations or agreements either oral or written.
Each of the parties hereto agrees' to be bound by the terms, and conditions of this
Agreement and each ofthe Attachments, avofthe above written date,
WELLS fARGO BANK, N.A.
'
Name:� ���
[GIVI 16-9821-032/187607/21
Title: CC',
(If approved by Council)
CITY OF CLEARWATER, FLORIDA
Countersigned:
By:
George N. Cretekos William B. Horne 11
Mayor City Manager M 11
Approyed as to form: Attest:
Eaura Mahbny Rosemarie Call
Assisstant City Attorney City Clerk It
-
Attest:
Print Name:
Secretary
Wells Fargo Junk, N.A.
By:
Print Name: Air -k, v-
(7-
[GM16-9821-032/187607/21 8
(For GIB Use Only - Std - 2.14.201 1)
Exhibit A
Insurance Requirements
The Contractor shall, at its own cost and expense, acquire and maintain (and cause any subcontractors
to acquire and maintain) during the term with the City, sufficient insurance to adequately protect the
respective interest of the parties. Coverage shall be obtained with a carrier having an AM Best Rating of
A -VII or better. Specifically the Contractor must carry the following minimum types and amounts of
insurance on an occurrence basis or in the case of coverage that cannot be obtained on an occurrence
basis, then coverage can be obtained on a claims -made basis with a minimum three (3) year tail following
the termination or expiration of this Agreement:
a. Commercial General Liability Insurance including but not limited to, premises operations,
products/completed operations, products liability, contractual liability, independent
contractors, personal injury and advertising injury and $1,000,000 per occurrence and
$2,000,000 general aggregate and $2,000,000 products/completed operation aggregate.
b. Commercial Automobile Liability Insurance for any owned, non -owned, hired or borrowed
automobile is required in the minimum amount of $1,000,000 combined single limit.
c. Statutory Workers' Compensation Insurance in accordance with the laws of the State of
Florida, and Employer's Liability insurance in the minimum amount of $100,000 each
employee each accident, $100,000 each employee by disease and $500,000 aggregate by
disease with benefits afforded under the laws of the State of Florida. Coverage should
include Voluntary Compensation and U.S.. Longshoremen's and Harbor Worker's Act
coverage where applicable, Coverage must be applicable to employees, and contractors, if
any.
d. Professional Liability/Malpractice/Errors or Omissions Insurance coverage appropriate
for the type of business engaged in by the Contractor with minimum limits of $1,000,000 per
occurrence. If a claims made form of coverage is provided, the retroactive date of coverage
shall be no later than the inception date of claims made coverage, unless prior policy was
extended indefinitely to cover prior acts. Coverage shall be extended beyond the policy year
either by a supplemental extended reporting period (ERP) of as great a duration as available,
and with no less coverage and with reinstated aggregate limits, or by requiring that nay new
policy provide a retroactive date no later than the inception date of claims made coverage.
b. Cyber Liability coverage in an amount not less than $2,000,000 per occurrence and
$4,000,000 in the aggregate; such coverage shall meet or exceed the requirements for
notification and monitoring under Florida Statute 501.171.
The above insurance limits may be achieved by a combination of primary and umbrella/excess
liability policies.
To the extent that a subcontractor is engaged, Contractor will require subcontractor to provide
evidence of insurance that meets or exceeds the insurance requirements outlined herein.
Other Insurance Provisions:
a. Prior to the execution of this Agreement, and then annually upon the anniversary date(s) of
the insurance policy's renewal date(s) for as long as this Agreement remains in effect, the
Vendor will furnish the City with a Certificate of insurances) (using appropriate ACORD
certificate, SIGNEDby the Issuer, and with applicable endorsements) evidencing all of the
coverage set forth above and naming the City as an 'Additional insured" on the Commercial
General Liability Insurance policy.
Exhibit A
In
available by the Contractor for viewing In a secure, controlled environment, mutually agreed
upon by the City and Contractor. Policy copies shall not be released unless required to do so
b Contractor agrees that no policy shall expire, be canceled, non -renewed, terminated, reduced
or materially changed to affect the coverage available without thirty (30) days advance written
notice to the City if it results in non-compliance with the insurance requirements contained
c Contractor's insurance as outlined above shall be primary and 'non-contributory coverage for
Contractor's negligence.
d. The General Liability and Automobile Liability policies required by this agreement
uordnacQ shall contain owaiver cftransfer rights of(subrogation) against City, be
ogantu, mapnaeentmdvaa, dhadons, elected officials, offimam, emp|oyaeo, and volunteers for
any claims arising out ofthe work ofthe Contractor.
o. Contractor shalldefend and hold the City harmless from any and all claims,
muho, judgments and liability for death, personal injury, bodily injury, or property damage
arising directly or indirectly including legal fees, court costs, or other legal expenses.
Item
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Description Monthly
Volume Rate/Price
Balance Related: Proiected Bal.
Dep Insurance - Bank Assessment
(RECOUPMENT MONTHLY - assessed per $1,000
in Average Ledger Balances - monthly fee
1 $0.0917 equates to 11 bps annual fee) 10,000,000
Calendar 2015
Monthly
Average
Depository Services:
Account Maintenance (Account Maintenance -
2 Chexstor)
Account Maintenance -Payroll ZBA Account
3 (Account Maintenance-Chexstor)
Banking Center Deposit (Post Verify Deposit,
4 Branch/Store/Night Drop Deposit)
QBD/Night Drop Deposit (Post Verify Deposit,
5 Branch/Store/Night Drop Deposit)
Vault Deposit (Cash Vault Deposit Cash AND
6 Check, CV Cash Only or Check Only Deposit)
Item Processing Deposit/Check Deposit - Paper
7 (CV Cash Only or Check Only Deposit)
Debits Posted - Other (Debits Posted - includes
8 all ACH/wire electronic debits)
Deposit Correction - Non -Cash (Deposit
Correction -Night Drop, Cash Vault Deposit
9 Adjustment)
General Checks Paid Truncated (DDA Checks
10 Paid)
General Checks Paid Truncated -Payroll ZBA (DDA
11 Checks Paid)
Paper Deposit Statement Mailed (No charge if
accessed online - there will a $5.00 per account
12 for paper mailed statements. )
ZBA Master Account Maint (Zero Balance Master
13 Account Maintenance)
ZBA Subsidiary Account Maint-Payroll ZBA (Zero
14 Balance Monthly Base)
ZBA Per Transaction (included in Debits Posted,
15 Electronic Credits Posted volumes)
Returns - ERIN (CEO Return Item Retrieval - per
16 Image)
17 Returns - Chargeback
18 Returns - Reclear (Return Item Redeposited)
Returns - Reclear Services (Return Item Special
19 Instructions Monthly Base)
CKS Dep Pre -Encoded Items (Deposited Checks -
20 On Us, Deposited Checks per item)
Cks Dep Un -Encoded Items (Deposited Checks -
21 On Us, Deposited Checks per item)
Page 1 of 10
$0.09170
Total
917.00
1
$7.50000
9.00
1
$7.50000
7.50
485
$1.50000
727.95
203
$1.50000
304.95
37
$1.00000
36.80
11
$1.00000
10.90
1
$0.03000
0.03
3
$7.00000
23.80
1,821
$0.08000
145.68
288
$0.08000
23.04
1
No Charge
-
1
$10.00000
10.00
1
$5.00000
4.00
43
$0.03000
1.30
47
$0.25000
11.65
21
$1.50000
31.50
26
$0.75000
19.20
1
No Charge
-
9
$0.08000
0.72
5,889
$0.08000
471.13
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item
Description
Monthly
Volume
Rate/Price Total
Balance Related:
Proiected Bal.
Cks Deposited - Foreign Items (Deposited Check
22
Canadian, Deposited Check Foreign)
13
$5.00000 65.50
Debits Posted - Electronic (Debits Posted -
23
includes all ACH/wire electronic debits)
130
$0.03000 3.89
Credits Posted - Electronic (Electronic Credits
24
Posted - includes all ACH/wire electronic credits)
669
$0.03000 20.07
Credits Pasted - Electronic -Payroll ZBA
(Electronic Credits Posted - includes all
25
ACH/wire electronic credits)
2
$0.03000 0.06
26 account for paper mailed statements.)
Check Deposit - ICL or RDSO (ICL deposits are
considered "Electronic Credits Posted" fee of
$0.03 per deposit, RDSO deposits are considered
"Desktop Deposit Credits Posted" fee of $0.25
27 per deposit)
Image Deposited Items - ICL (Electronic Deposit
28 Check-WFB, Electronic Deposit Check -Non WFB)
Transmission Maintenance (No charge for ICL
(Wells Fargo Electronic Deposit / WFED)
29 transmissions)
Image Deposited Items - RD5O (Desktop Deposit-
WFARGO Deposit Item, Desktop Deposit -NON
30 WFARGO Deposit Item)
31
32
33
Depository Services Subtotal
Commercial Deposits - Cash Vault:
Curr/Coin Dep / $100-QBD-ND (Cash Deposited
in Branch/Store - verified in presence of
depositor- fee quote actual is $0.0016 per $1) -
Please note the City would benefit by moving
deposits currently processed at the banking
34 center to be processed at the Vault)
Curr/Coin Dep / $100-BKG CTR (Post Verify Cash
Deposited - verified after hours - fee quote
35 actual is $0.0012 per $1)
Curr/Coin Dep/$100-Vault (Cash Vault
Currency/Coin Deposited - fee quote actual is
36 $0.0009 per $1)
Coin Deposit - Non Std Bag - Vault (Cash Vault
37 Coin Deposit Partial/Mix Bag)
Coin Supp Roll -Box Bkg Ctr (Cash Vault Coin
Ordered Standard Box - contains 50 rolls of one
38 denomination)
Deposit Correction - Cash (Deposit Correction -
39 Night Drop, Cash Vault Deposit Adjustment)
Coin Deposit - Std Bag - Vault (Cash Vault Coin
40 Deposit -STD Bag)
Page 2 of 10
1 No Charge
30 $0.03000
13,586 $0.04000
1 No Charge
129 $0.04000
3,179
2,388
1,777
41
150
2
65
$0.16000
$0.12000
$0.09000
$5.00000
$4.00000
$7.00000
$2.50000
0.89
543.42
5.16
2,478.14
508.69
286.55
159.89
206.00
600.00
11.38
163.50
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item
Description
Monthly
Volume
Rate/Price
Total
Balance Related:
Projected Bal.
Coin Supp Roll- Bkg Ctr (Rolled Coin Ordered in
41
Branch/Store)
232
$0.20000
46.40
Change Order - Bkg Ctr (Per Change Order Fee in
42
Branch/Store)
21
$4.00000
84.00
Curr Supp $100-Bkg Ctr (Cash Ordered in
Branch/Store - fee quote actual is $0.0016 per
43
$1)
23
$0.16000
3.68
44
-
45
46
-
Commercial Deposits - Cash Vault Subtotal
2,070.08
General ACH Services:
ACH Delete/Reversal-Payroll ZBA (ACH Delete=
47
Item; ACH Reversal -Item)
2
$5.00000
7.50
ACH Return Item (ACH Return Item -Electronic,
ACH Return Admin -Electronic, ACH Return
48
Unauthorized -Electronic)
22
$1.00000
22.20
ACH Return Item -;Payroll ZBA (ACH Return Item -
Electronic, ACH Return Admin -Electronic, ACH
49
Return Unauthorized -Electronic)
2
$1.00000
1.83
ACH Monthly Maintenance (ACH Monthly Base -
50
per ACH Company ID)
2
$15.00000
30.00
ACH Monthly Maintenance -Payroll ZBA (ACH
51
Monthly Base - per ACH Company ID)
2
$15.00000
30.00
52
ACH Input - File (ACH Transmission Charge)
23
$5.00000
117.00
ACH Input - File - Payroll ZBA (ACH Transmission
53
Charge)
6
$5.00000
31.67
ACH Blocks Auth Instructions (No charge for
54
adding instructions to ACH Fraud Filter)
1
No Charge
-
ACH Blocks Auth Instructions -Payroll ZBA (No
charge for adding instructions to ACH Fraud
55
Filter)
1
No Charge
-
ACH Blocks Auth Maintenance (ACH CEO Fraud
56
Filter-Review/Stop Monthly Base)
0
$10.00000
3.33
ACH Blocks Auth Maintenance -Payroll ZBA (ACH
57
CEO Fraud Filter-Review/Stop Monthly Base)
1
$10.00000
10.00
ACH Blocks Auth Add -Change (No Charge for
adding/changing preauthorized ACH company
58
IDs)
1
No Charge
-
ACH Originated Agenda -Payroll ZBA (ACH
59
Originated -Addenda Rec)
172
$0.01000
1.72
Delete/Reversal Batch/File (ACH Delete/Reverse-
60
Batch/File)
0
$5.00000
1.25
ACH Notif of Change (NOC) (ACH NOC - Info
61
Reporting Advice)
7
$1.00000
6.60
ACH Notif of Change (NOC)-Payroll ZBA (ACH
62
NOC - info Reporting Advice)
2
$1.00000
2.00
63
ACH Standard Reports - Fax (ACH Fax Service)
18
$5.00000
89.00
ACH Standard Reports - Fax -Payroll ZBA (ACH
64
fax Service)
2
$5.00000
10.83
Page 3 of 10
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item Description Monthly
Volume Rate/Price Total
Balance Related: Proiected Bal.
ACH Standard Reports - Electronic (ACH CEO
Return Subscription -Item, ACH CEO Subscription -
65 Item) 31 No Charge
66
67
68
ACH Consumer On US Debits (ACH Two Day -
Item, ACH One Day -Item, same day ACH will be
69 $0.50)
ACH Consumer Off US Debits (ACH Two Day -
Item, ACH One Day -Item, same day ACH will be
70 $0.50)
ACH Corporate Off US Credits -Payroll ZBA (ACH
Two Day -:Item, ACH One Day -Item, same day
71 ACH will be $0,50)
72 ACH Credit Received Item (ACH Received Item)
ACH Credit Received Item -Payroll ZBA (ACH
73 Received Item)
74 ACH Debit Received Item (ACH Received Item)
ACH Debit Received Item -Payroll ZBA (ACH
75 Received Item)
76
77
78
79
80
81
82
General ACH Services Subtotal
Wire Transfers:
CPO GP Mthly Maint Basic (Wire Detail Report
83 Subscription -Account)
Elec Wire Out - Domestic (Wire Out Domestic -
84 CEO)
Elec Wire Out - Book DB (Wire Book Transfer -
85 CEO - internal account transfers)
Elec Wire Out - Domestic Repair (Wire Out
86 Repair Surcharge)
87 Incoming Domestic Wire (Wire In -Domestic)
CPO GP Cust Mnt Temp Storage (Wire Template
Storage Monthly base -wire room only, no
88 charge for on-line wire templates)
89 Elec Wire Out - Intl FX (Wire Out Intl FX - CEO)
90
91
Page 4 of 10
6 No Charge
1,100 $0.03000 33.00
5,579 $0.03000 167.36
2,022 $0.03000 60.66
6,711 $0.03000 201.33
172 $0.03000 5.15
668 No Charge -
2 No Charge -
82 No Charge -
7 No Charge -
832.43
1 No Charge -
44 $5.00000 217.50
14 $1.00000 -
2 $4.00000 8.80
1 $5.00000 6.25
59 $0.50000 29.70
2 $22.00000 36.67
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item Description Monthly
Volume Rate/Price
Balance Related: Proiected Bal.
92
Wire Transfers Subtotal
Account Reconciliation:
ARP Full Ppay Maint - PPR Supp (ARP Monthly
Base - Full. *Positive Pay Monthly Base -
provided at no additional charge if used in
93 conjunction with Full or Partial ARP)
ARF Full Ppay Maint - PPR Supp -Payroll ZBA (ARP
Monthly Base- Full. *Positive Pay Monthly Base
provided at no additional charge if used in
94 conjunction with Full or Partial ARP)
ARP Full Ppay Input Per Item (ARP Full Recon -
95 Item)
ARP Full Ppay Input Per Item -Payroll ZBA (ARP
96 Full Recon -Item)
ARP Recon Trans End of Cycle (ARP Output -
97 Transmission)
ARP Void Cancel Items (No charge for
98 void/cancel items)
ARF Vold=Cancel hems -Payroll ZBA (No charge
99 for void/Cancel items) ,
ARP Stale Date Maint (No charge for stale date
100 option)
ARP Stale Dake Maint-Payroll ZBA (No charge for
101 stale date option)
ARP Max Dollar Maint (Payment Authorization
102 Max Check Monthly Base)
ARP Max Dollar Maint-Payroll ZBA (Payment
103 Authorization Max Check Monthly Base)
Positive Pay Exceptions (Positive Pay Exceptions -
104 Item)
ARP Positive Pay Return Default (Positive Pay
105 Exception Checks Returned)
ARP Pos Pay Return Default -Payroll ZBA (Positive
106 Pay Exception Checks Returned)
107 ARP Positive Pay Return - Other
Payee Positive Pay - Issue Match (Payee
108 Validation Standard -Item)
Payee Positive Pay Maint (No charge for payee
109 monthly service)
110
111
112
Account Reconciliation Subtotal
Information Services:
CPO ARP Online Reports (CEO ARP Statements &
Reports Monthly Base - PDF only - please note
113 excel format available at an additional charge )
CPO ARP Positive Pay Notif (No charge for
114 positive pay notifications)
Page 5 of 10
1 $45.00000
1 $45.00000
1,905 $0.05000
271 $0.05000
1 $5.00000
126 No Charge
9 No Charge
1 No Charge
1 No Charge
1 $10.00000
1 $10.00000
4 $1.00000
2 No Charge
0 No Charge
0 No Charge
1,832 $0.02000
1 No Charge
2 No Charge
90 No Charge
Total
298.92
45.00
45.00
95.26
13.57
5.00
10.00
10.00
3.70
36.63
264.15
Information Services Subtotal
RFP 22-16, Banking Services
Appendix B
138
Subscription Monthly Base)
Transaction Costs Summary
CPC Rec Invoice Volume (CEO EDI Payment
Item
Description
Monthly
801 No Charge
CPC Rec Cash Pro Monthly Maint (CEO EDI
Volume
Rate/Price
Payment Detail Subscription Monthly Base)
Balance Related: Proiected Bal.
141
CPO Wire Payee Advising (CEO Event Messaging
142
115
Service - Email)
1
No Charge
CPO ARP Issue Not Recd Notif (CEO Event
116
Messaging Service - Email)
23
No Charge
CPO ARP Issue Posted Notif (CEO Event
Deposit Monthly Base)
1 $50.00000
117
Messaging Service - Email)
13
No Charge
CPO ARP Issue Recd Notif (CEO Event Messaging
118
Service - Email)
38
No Charge
CPO ARP O -S Issue Notif (CEO Event Messaging
119
Service - Email)
16
No Charge
CPO Incoming Wire Notif - Email (CEO Event
120
Messaging Service - Email)
2
No Charge
CPO Wire Tfr EOD Detail Notif (CEO Event
121
Messaging Service - Email)
26
No Charge
CPO Wire Tfr EOD Summary Notif (CEO Event
122
Messaging Service - Email)
11
No Charge
CPO Online Subscription (CEO on-line banking is
123
charged per account)
1
No Charge
CPO Payments Template Notif (CEO Event
124
Messaging Service - Email)
15
No Charge
CPO Info Detail Notif (CEO Event Messaging
125
Service - Email)
6
No Charge
CPO Prem IR Maintenance (No charge for IR
126
Maintenance)
1
No Charge
CPO Prem PDR Account (CEO Previous Day
127
Subscription Monthly Base)
2
$15.00000
CPO Prem PDR ITM Stored (CEO Previous Day
128
Item Loaded)
4,342
$0.01000
CPO Prem CDR Account (CEO Intraday
129
Subscription Monthly Base)
2
$15.00000
130
CPO Prem CDR Item (CEO Intraday Item Viewed)
2,052
$0.01000
131
CPO Prem Research Item (CEO Search)
448
No Charge
CPO Per Image Access (No charge for Image
132
Access to CEO on-line banking)
3
No Charge
CPO Per Image Access (No charge for Image
133
Access to CEO on-line banking)
7
No Charge
GCS Transaction History (Elecronic Window
134
Extended Storage 120 days)
0
No Charge
135
136
137
Information Services Subtotal
Total
30.00
43.42
30.00
20.52
123.94
50.00
EDI Services:
EDI Report Per Account (CEO EDI Payment Detail
138
Subscription Monthly Base)
1 No Charge
CPC Rec Invoice Volume (CEO EDI Payment
139
Detail -Item)
801 No Charge
CPC Rec Cash Pro Monthly Maint (CEO EDI
140
Payment Detail Subscription Monthly Base)
1 No Charge
141
142
143
EDI Services Subtotal
Remote Deposit Services:
Remote Dep -Account Maintenance (Desktop
144
Deposit Monthly Base)
1 $50.00000
Page 6 of 10
Total
30.00
43.42
30.00
20.52
123.94
50.00
Item
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Description Monthly
Volume Rate/Price Total
Balance Related: Proiected Bal.
Remote Dep CK Image Processing (Desktop
145 Deposit Report Per Item) 145 $0.05000
RDSOL-Item Storage (No charge for storage -
146 There is a $0.25 per image viewed) 7,315 No charge
147 High Volume Scanner Maint 1 No charge
148
149
Remote Services Subtotal
Image:
CD Rom Maintenance (Wellslmage Paid Check
Image Monthly Base - per CD-ROM setup rather
150 than per account)
CD Rom Maintenance -Payroll ZBA (Wellslmage
Paid Check Image Monthly Base - per CD-ROM
151 setup rather than per account)
CD Rom Per Image (Wellslmage Paid Check Per
152 Item)
CD Rom Per Image -Payroll ZBA (Welisimage Paid
153 Check Per Item)
154 CD Rom Disk (Wellslmage Paid Check Per CD)
Image Archive - 90 Days (No charge for image
retention on CEO on-line banking - please note
155 images are available for up to 7 years on-line )
Image Maintenance CPO (No charge for image
retention on CEO on-line banking - please note
156 images are available for up to 7 years on-line)
Image Retrieval CPO (CEO Image View < 90 days,
157 CEO Image View > 90 days)
158
159
Image Subtotal
Miscellaneous Banking Services:
160 Check Copy (Photocopy Customer Service -Item)
Check Copy -Payroll ZBA (Photocopy Customer
161 Service -Item)
162
163
164
165
Misc Banking Services Subtotal
Custodial Safekeeping:
166 Monthly Maintenance (waived)
Receipts (based on charging $2 for non pay
down securities with a volume of 197 and
167 assuming 56 are paydowns)
168 Interest
169 Maturities
170 Calls
171 Partial Calls
172 Paydowns
173 Average Par
Clearance In (only for bonds purchased from
174 third parties)
Page 7 of 10
1 $25.00000
7.27
57.27
25.00
1 $25.00000 25.00
1,824 $0.02000 36.47
288 $0.02000 5.76
1 $15.00000 15.00
2,022 No Charge
1 No Charge -
9 $0.25000 2.15
109.38
2 $10.00000
1 $10.00000
1 No Charge
20.00
5.00
25.00
253 1.56 393.90
97 - -
4
10
0
56 8.00 449.60
300,972,035 -
3 50.00 145.00
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item Description Monthly
Volume
Balance Related: Projected Bal.
175
176
177
178
Custodial Safekeeping Subtotal
Grand Total All
Rate/Price Total
Supplemental Pricing
Pass Thru
AT COST
Service Description
Charge Basis
Price
WF CHK CASHED FOR NONACCT HOLDER
Check cashed
No Charge
MISCELLANEOUS CREDITS POSTED
Deposit
$1.50000
OFFICIAL BANK CHECK
Check
$10.00000
CASH VAULT ADJUSTMENT REPORT -EMAIL
Subscription
Wells Fargo
NEGATIVE COLLECTED BALANCE
cash order
Prime + 3%
OVERDRAFT CHARGE - PAID ITEM
Item
$35.00000
Overdraft Charge - Returned Item
Item
$35.00000
Supplies - At Cost (Wells Fargo will provide a
transition supply credit of $5,000.00 and please
note charges for supplies can be applied to
analysis as long as they are purchased via our
preferred vendor, Superior Press)
Pass Thru
AT COST
CASH VAULT COIN DEP-SUBJ TO COUNT
Coin bag
$5.00000
CASH DEP/$1 VER AT TELLER WINDOW
Dollar
$0.00160
COIN BAG DEPOSITS IN WF STORE
Coin bag
$5.00000
CASH DEP/$1 VERIFY IN CASH VAULT T1
Dollar
$0.00090
CASH VAULT ADJUSTMENT REPORT -EMAIL
Subscription
No Charge
CASH VAULT CASH ORDERS -CEO
cash order
$4.00000
CASH VAULT COIN FURNISHED - ROLLED
Coin roll
$0.12000
CASH VAULT CURRENCY FURN-NONSTD
Dollar
$0.00090
CASH VAULT CURRENCY FURNISHED
Dollar
$0.00090
CASH VAULT DEPOSIT REPORT -EMAIL
Subscription
No Charge
CASH VAULT MONTHLY BASE
Account
No Charge
CASH VAULT ORDER REPORT -EMAIL
Subscription
No Charge
CASH VAULT TRANS RECAP RPT -EMAIL
Subscription
No Charge
DESKTOP DEPOSIT IMAGES RETRIEVED
Image
$0.25000
STOP PAYMENT - AUTO RENEWAL
Stop payment
No Charge
Image
POSITIVE PAY EXCEPTION - CEO IMAGE
retrieved
$0.25000
MICR CHECK REJECTS >1% THROUGH 2%
Reject
$0.80000
MICR CHECK REJECTS OVER 2%
Reject
$1.75000
MICR CHECK REJECTS THROUGH 1%
Reject
No Charge
POS PAY CHECK VERIFICATION CALL
Call
$5.00000
POSITIVE PAY EXCEPTION CHECKS RETND
Check returned
No Charge
POSITIVE PAY MONTHLY BASE (no charge if used
in conjunction with Full or Partial Reconcilement
services)
Account
No Charge
POSITIVE PAY ONLY - ITEM
Occurrence
$0.05000
POSITIVE PAY ONLY MONTHLY BASE
Account
$30.00000
STOP PAYMENT- ONLINE
Stop payment
$5.00000
STOP PAYMENT - OPERATOR ASSISTED
Stop payment
$15.00000
CEO REGISTER INPUT- ITEM
Check issued
$0.05000
ARP AGED ISSUE RECORDS ON FILE -ITEM
Record
No Charge
OUTGOING TRANSMISSION - PER ITEM
Item reported
No Charge
Unauthorized
ACH CEO FRAUD FILTER REVIEW/STOP - ITEM
Item
No Charge
Page 8 of 10
2S,1b4.6U
Item
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Description
Monthly
No Charge
E -BOX PAYMENT RETURN
Volume
Rate/Price
Balance Related:
Proiected Bal.
$30.00000
ACH CEO RETURN SUBSCRIPTION -ACCOUNT
Report
No Charge
ACH CEO SUBSCRIPTION - ACCOUNT
Report
No Charge
ACH INVESTIGATION
Investigation
$35.00000
CEO EDI PMT DETAIL - ADDENDA ITEM
Item
No Charge
CEO RETURN ITEM SERVICE MTHLY BASE
Account
No Charge
CEO RETN ITEM SUBSCRIPTION PER ACCT
Account
No Charge
CEO RETN ITEM SUBSCRIPTION PER ITEM
Item
No Charge
CEO RETN ITEM SUBSCRIPTION OPT DETL
Item
No Charge
CASH LETTER FOREIGN DEPOSIT
Deposit
$3.00000
CASH LETTER FOREIGN DEPOSIT
Return
$30.00000
WIRE DETAIL RPT SUBSCRIPTION -ITEM
Item accessed
$0.00000
WIRE IN PHONE ADVICE
Call
$40.00000
WIRE OUT DOMESTIC -BRANCH
Transfer
$55.00000
WIRE - OUTGOING INTL USD - CEO
Transfer
$22.00000
WIRE IN REPAIR SURCHARGE
Exception
$1.00000
WIRE IN - INTL- USD OR FX
Transfer
$5.00000
WIRE IN DRAWDOWN- DOMESTIC
Message
$5.00000
WIRE OUTGOING FX BRANCH
Transfer
$60.00000
WIRE OUTGOING FX- CEO
Transfer
$18.00000
WIRE BOOK TRANSFER - BRANCH
Transfer
$15.00000
WIRE OUT INTL- USD BRANCH
Transfer
$65.00000
WIRE INTERBANK CLEARING FEE
Beneficiary
$20.00000
WIRE INVESTIGATION
Investigation
$50.00000
CEO EVENT MESSAGING SERVICE - FAX
Item reported
$2.00000
CEO EVENT MESSAGING SERVICE - TEXT
Item reported
$0.75000
WFED - IMAGE CASH LETTER Services
WFED - Discretionary Data (Optional) - This is
also an option on Desktop Deposit
Record
$0.05000
WFED (Wells Fargo Electronic Deposit) -
Implementation - One time fee implementation
fee of $2,000 waived for the City. Setup No Charge
RECEIVABLES MANAGER/ E -BOX Services
E -BOX DAILY DETAIL RPT- PER PAGE
Item reported
No Charge
E -BOX PAYMENT RETURN
Return
$3.00000
E -BOX DAILY DETAIL REPORT -MO BASE
Page
$30.00000
E -BOX MONTHLY MAINT (W/CROSS REF)
Transmission
$75.00000
E -BOX PAYMENT
Transaction
$0.05000
RECEIVABLES MANAGER MONTHLY BASE
Account
$35.00000
RECEIVABLES MANAGER OUTGOING
$125.00000
E -Box Stop File - Monthly Maintenance
TRANSMISSION
Transmission
$5.00000
Electronic Commerce (EC) IMPLEMENTATION
DEV HOURS
Hour
$200.00000
E -Box Implementation Fee - Standard
Implementation fee of $1,500.00 would be
No Charge if
waived for the City - if custom implementation is
standard
required, per hour fees would apply.
implementation
RECEIVABLES MANAGER - Standard
Implementation fee Receivables Manager
No Charge if
($1,500) waived for the City. If custom,
standard
additional programming fees would apply. Setup
implementation
E -Box Positive File Set up (optional) Setup
$1,500.00000
E -Box Stop File -Set up (optional) Setup
$750.00000
E -Box Positive File - Monthly Maintenance
$125.00000
E -Box Stop File - Monthly Maintenance
$125.00000
Page 9 of 10
Total
RFP 22-16, Banking Services
Appendix B
Transaction Costs Summary
Item Description
Monthly
Volume
Rate/Price
Balance Related:
Proiected Bal.
IMAGE FILE IMPORT Services
IMAGE FILE IMPORT- MAINTENANCE PER
PRODUCT (Per Product - i.e., checks paid,
deposits, returns, etc. - regardless of the
number of accounts / per month)
CEO ID
$100.00000
IMAGE FILE IMPORT- PER ITEM
Image
$0.02000
DIRECT BAI - INFORMATION Services
DIRECT BAI MONTHLY BASE
Account
$100.00000
DIRECT BAI PER ITEM
Item
$0.02000
Services utilized but not listed on the above schedule of fees will be charged for and appear on
the City's monthly analysis statement. It is the responsibility of the City to review their
monthly analysis statements on a timely basis and let their Wells Fargo representative know of
any discrepancies.
Page 10 of 10
Total
Wells Fargo Bank. N.A.. Piggyback Contract (PBA 17/18-66)
The City of Sanford ("City") enters this "Piggyback" Contract (the "Piggyback
Contract") with Wells Fargo Bank, National Association, operating as a bank (hereinafter
referred to as the "Vendor"), whose principal address is 101 North Phillips Avenue, Sioux
Falls, South Dakota 57104, and whose local address is Heathrow, 1530 International
Parkway, Lake Mary, Florida 32746, under the terms and conditions hereinafter provided.
The City and the Vendor are sometimes collectively referred to as the "Parties". The City
and the Vendor agree as follows:
(1). The Purchasing Policy for the City of Sanford allows for "piggybacking"
contracts. Pursuant to this procedure, the City is allowed to piggyback an existing
government contract, and there is no need to obtain formal or informal quotations,
proposals or bids. The Parties agree that the Vendor has entered a contract with the
City of Clearwater, Florida on July 28, 2016, said contract being identified as "Master
Banking Services Agreement" (said original contract being referred to as the
"M BSA". )
(2). The MBSA is incorporated herein by reference and is attached as Exhibit
"A" to this Piggyback Contract. All of the terms and conditions set out in the MBSA
are fully binding on the Parties and said terms and conditions are incorporated herein;
provided, however, that the City will negotiate and enter work orders/purchase orders
with the Vendor in accordance with City policies and procedures for particular goods
and services. Any terms not defined in this Piggyback Contract shall have the
meanings set forth in the MBSA.
(3). The term of this Piggyback Contract shall commence on February 13,
2019, continuing until September 30, 2019 (the expiration date of the MBSA) with the
1
City being provided with two (2), two (2) year extension options, as set forth under
the MBSA.
(4). Notwithstanding the requirement that the MBSA is fully binding on the
Parties, the Parties have agreed to modify certain technical provisions of the MBSA
as between the Vendor and the City with respect to this Piggyback Contract:
(a). Address change for the City: Notwithstanding the address and contact
information for the government entity as set out in the MBSA, the Vendor agrees that it
shall send notices, invoices and shall conduct all business with the City to the attention of
City Manager, at: City of Sanford, 300 North Park Avenue; Sanford, Florida 32771. The
City Manager's designated representative for this Piggyback Contract is Cynthia Lindsay,
CGFO, CPA; Director of Finance; City Hall; City of Sanford, Florida; 300 North Park
Avenue; Sanford, Florida 32771, telephone number 407-688-5020, facsimile transmittal
number 407-688-5021 and whose e-mail address is lindsayc@sanfordfl.gov.
(5). Notwithstanding any other provision in the MBSA to the contrary, the Parties
agree that (1) all actions or proceedings arising in connection with this Piggyback Agreement shall
be tried and litigated exclusively in the state or federal courts with jurisdiction in Seminole County,
Florida with the Parties bearing the costs of their own legal fees and (2) there shall be no
arbitration with respect to any dispute between the Parties arising out of this Piggyback
Contract and the City and Vendor hereby irrevocably waive, to the fullest extent permitted by
applicable law, any and all right to trial by jury, in any actions or legal proceedings arising out of or
relating to this Piggyback Contract or the transactions contemplated hereby.
(6). Chapter 119 — Public Records
(1). IF THE CONTRACTOR/VENDOR HAS QUESTIONS REGARDING THE
APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE CONTRACTOR'S
0
(VENDOR'S) DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS CONTRACT,
CONTACT THE CUSTODIAN OF PUBLIC RECORDS AT (407) 688-5012, TRACI HOUCHIN,
CITY CLERK, CITY OF SANFORD, CITY HALL, 300 NORTH PARK AVENUE,
SANFORD, FLORIDA 32771, TRACI. HOUC HIN@SAN FORDFL.GOV.
(11). In order to comply with Section 119.0701, Florida Statutes, public records laws,
and in accordance with Section 6 of the MBSA, the Vendor must:
A. Keep and maintain public records that ordinarily and necessarily would
be required by the City in order to perform the service.
B. Provide the public with access to public records on the same termsand
conditions that the City would provide the records and at a cost that does not exceed
the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law.
C. Ensure that public records that are exempt or confidential and exempt
from public records disclosure requirements are not disclosed except as authorized
by law.
D. Meet all requirements for retaining public records and transfer, at no cost,
to the City all public records in possession of the Vendor upon termination of the
contract and destroy any duplicate public records that are exempt or confidential and
exempt from public records disclosure requirements. All records stored electronically
must be provided to the City in a format that is compatible with the information
technology systems of the City.
3
Ill. If the Vendor does not comply with a public records request, the City shall
enforce the contract provisions in accordance with this Agreement.
IV. Failure by the Vendor to grant such public access and comply with public
records requests shall be grounds for immediate unilateral cancellation of this
Agreement by the City. The Vendor shall promptly provide the City with a copy of any
request to inspect or copy public records in possession of the Vendor and shall
promptly provide the City with a copy of the Vendor's response to each such request.
Entered February 13, 2019
Attest:
) La
Attest.
r-Apq
Traci Houchin, City Clerk
Approved as to form and legal sufficiency
•
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William L. Colbert City Attorney
In
Wells Fargo Bank, National
Association.
By:
Printed name:
Title:
Date:
City Of Sanford
By:
g
DaJeff Triplett, la"
te: 01
NOW
M1
H102 - �V
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Exhibit "A" - MBSA