HomeMy WebLinkAboutContract 41146-R1CITY SECRETARY, 1141,- Rl
RENEWAL OF CITY SECRETARY CONTRACT
NUMBER 41146
BETWEEN THE CITY OF FORT WORTH
AND
JPMORGAN CHASE BANK, N.A
THE STATE OF TEXAS §
COUNTY OF TARRANT §
This renewal to City Secretary Contract No. 41146 (the "Agreement") is made and
entered into between THE CITY OF FORT WORTH, a home -rule municipal corporation
situated in Tarrant, Denton, Parker, and Wise Counties, Texas, (hereinafter referred to as the
"City"), acting by and through Karen L. Montgomery, its duly authorized Assistant City
Manager, and JPMORGAN CHASE BANK, N.A, a Texas Banking Institution, (hereinafter
referred to as the "Bank") acting by and through Adrean M. Williams -Boyd, its duly authorized
Fiduciary Officer.
WHEREAS, on November 22, 2010, the City and Bank entered into an agreement
known as City Secretary Contract No. 41146, on file in the Office of the City Secretary of Fort
Worth, covering the period of October 14, 2008 to October 14, 2010, under the terms of which
the Bank was authorized to open a specialty assets investment advisory account on behalf of the
City for the purpose of executing oil and gas division/transfer order interests and income
received therefrom, receive from third parties bonus and royalty payments, process oil and gas
revenues by well, property and producer, maintain existing oil, gas and mineral properties
account(s) and establish sub -accounts for accounting and distribution purposes as requested by
the City and perform other duties as described in the Agreement; and
WHEREAS, City Secretary Contract No. 41146 provides that the Agreement may be
renewed for up to two (2) one-year periods by mutual agreement of the parties and under the
same terms and conditions; and
WHEREAS, the City and Bank desire to renew the Agreement for a one (1) year term
under the same terms and conditions.
THEREFORE, the City and Bank do mutually agree to renew and extend the Agreement
as follows:
1.
The renewal term of this Agreement shall be for a term of one (1) year, beginning on
the 14th day of October 2010 and terminating on the 14th day of October 2011.
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10 P03:58 IN
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
2.
That all other terms and conditions of City Secretary Contract No. 41146 which are not
expressly amended herein, shall remain in full force and effect throughout the term of the
Agreement and this renewal.
IN WITNESS WHEREOF, the parties hereto have executed this renewal of the
Agreement in multiples this Ilk441‘ day of bizata-ii.L.,, , 2010.
CITY OF FORT WORTH:
By:
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Karen L. Montgomery
Assistant City Manager ;ov��"a1itrg
ATTEST:
Marty Hen i rix
City Secretary
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JPMORGAN C SE BANK • N.A.:
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APPROVED AS TO FORM AND LEGALITY:
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Assista
City Attorney
CONTRACT AUTHORIZATION:
M&C: C-23126
Date Approved: 10/14/08
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OFFICIAL RECORD
CITY SECRETARY
Ft WORTH, TX