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Home My WebLink About20233492.tiff RESOLUTION RE: APPROVE AMENDMENT #1 TO MASTER AGREEMENT FOR TREASURY MANAGEMENT SERVICES AND AUTHORIZE CHAIR TO SIGN-WELLS FARGO BANK,N.A. WHEREAS,the Board of County Commissioners of Weld County,Colorado,pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County,Colorado,and WHEREAS,the Board has been presented with Amendment#1 to the Master Agreement for Treasury Management Services between the County of Weld,State of Colorado,by and through the Board of County Commissioners of Weld County,on behalf of the Treasurer's Office, and Wells Fargo Bank,N.A.,commencing November 1,2023,and ending October 31,2024,with further terms and conditions being as stated in said amendment,and WHEREAS,after review,the Board deems it advisable to approve said amendment,a copy of which is attached hereto and incorporated herein by reference. NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Weld County,Colorado,that Amendment#1 to the Master Agreement for Treasury Management Services between the County of Weld,State of Colorado,by and through the Board of County Commissioners of Weld County,on behalf of the Treasurer's Office,and Wells Fargo Bank,N.A., be,and hereby is,approved. BE IT FURTHER RESOLVED by the Board that the Chair be,and hereby is,authorized to sign said amendment. The above and foregoing Resolution was,on motion duly made and seconded,adopted by the following vote on the 4th day of December,A.D.,2023,nunc pro tunc November 1,2023. BOARD OF COUNTY COMMISSIONERS WELD COUNTY,COLORADO ATTEST: dithA) r Mik eeman,Chair Weld County Clerk to the Board BY: GORTfr11 •lietAuSi err, L.Bu ,Pro-Tem Deputy Clerk to the Board "'�•,'. y =� K.Jame AP M: Cl t�1 J e .Ross C• my Attorney 17+,1.7 2 �' ,•' Saine Date of signature: cc:TRCBG),AcTCcP(cD) 2023-3492 TR0031 02/12/2 BOARD OF COUNTY COMMISSIONERS PASS-AROUND REVIEW PASS-AROUND TITLE: Wells Fargo Expired Contract-Options for consideration DEPARTMENT: TREASURER DATE: 11/15/2023 PERSON REQUESTING: BRIGITTE GRIMM Brief description of the problem/issue: Weld County's three year"Bank Services"contract with Wells Fargo covering 1111/2020-10/31/2023 has expired.This contract contains two,one-year extension options.We have three options for consideration outlined in the next section. What options exist for the Board? Option 1.Exercise a one-year extension spoon. Option 2.Do nothing and continue relationship as-is Option 3.Document a brand new(i.e.3-5 year)contract. Consequences: Option 1.All terms and conditions of our expired contract would remain unchanged. Option 2.Pricing for certain treasury management services would no longer be fixed and subject to change at the bank's discretion. Option 3.Need to prepare an RFP. Impacts: If no decsion is made,we will default to option 2. Cost(Current Fiscal Year/Ongoing or Subsequent Fiscal Years: Option 1.No fiscal impact Option 2.Fiscal impact varies depending on variable and increased bank fees Option 3.Fiscal impact varies depending new pricing model from proposals. Recommendation: Our recommendation is Option!-to exercise the one year extension.This provides us with additional time to prepare for the next expiration date. Support Recommendation Schedule Place on BOCC Agenda Work Session Other/Comments: Perry L.Buck,Pro-Tem cli;31 Mike Freeman,Chair Scot K.James Kevin D.Ross Lori Saine 2023-3492 I Z/y 1g00 31 F_1ft(t� Reference is made to the Master Agreement for Treasury Management Services for Weld County as amended by that certain Amendment executed on or about October 19,2020(together,the "Agreement").Pursuant to Section 4 of the Agreement and subject to the termination provisions therein, the parties hereby mutually consent to extension of the Agreement for an additional one-year extension term commencing on November 1,2023 and expiring on October 31,2024. WELLS FARGO BANK,N.A. WELD COUNTY, COLORADO Board doof,Weld County Commissioners Name: Ryan Bass Name:Mike Freeman Title:Relationship Manager _ Title: 1B000 Chair2023gf 9 Date; 12/11/2023 BO Date: EC 0 4 02021 Wells Fargo Bank,NA All rights reserved. Approved for Use in Local Government Bonk*Only 2023-3492 RESOLUTION RE: APPROVE MASTER AGREEMENT FOR TREASURY MANAGEMENT SERVICES AND AUTHORIZE CHAIR TO SIGN-WELLS FARGO BANK,N.A. WHEREAS,the Board of County Commissioners of Weld County,Colorado,pursuant to Colorado statute and the Weld County Home Rule Charter,is vested with the authority of administering the affairs of Weld County,Colorado,and WHEREAS,the Board has been presented with a Master Agreement for Treasury Management Services between the County of Weld,State of Colorado,by and through the Board of County Commissioners of Weld County,on behalf of the Treasurer's Office,and Wells Fargo Bank,N.A.,commencing November 1,2020,and ending October 31,2023,with further terms and conditions being as stated in said agreement,and WHEREAS,after review,the Board deems it advisable to approve said agreement,a copy of which is attached hereto and incorporated herein by reference. NOW,THEREFORE,BE IT RESOLVED by the Board of County Commissioners of Weld County,Colorado,that the Master Agreement for Treasury Management Services between the County of Weld,State of Colorado,by and through the Board of County Commissioners of Weld County,on behalf of the Treasurer's Office,and Wells Fargo Bank,N.A.,be,and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be,and hereby is,authorized to sign said agreement. The above and foregoing Resolution was,on motion duly made and seconded,adopted by the following vote on the 19th day of October,A.D.,2020. BOARD OF COUNTY COMMISSIONERS WELD COUNTY,COLORADO ATTEST:datio ;A 1. ..7,.. Mike Freeman,Chair Weld County Clerk to the Board 714, 1-42 Stev More ,Pro-Tem BY: Deputy Clerk to the Boar � j>1 t K.James AP"'a>*'D A. a .+±; �%XCUSED arbara Kirkmeyer Coon A:�rne Kevin D.Ross Date of signature: 1O/21/20 "~ cc:TR(n4)bcT(WW/eo) 2020-3118 1O 42..1/:�„O TR0030 Appcavq Schedule earelttte�ttdAtiau Work Session Other/Comments: Mike Freeman,Chair Scott K.James Barbara Kirkmeyer Steve Moreno,Pro=Tem Kevin D.Ross �ttlT T:T.S ARG© Amendment to Master Agreement for Treasury Management Services Treasury Management Services 2020 Wells Fargo Bank,N.A,AI rights reserved. 4. The text of Section 14(titled"Jurisdiction")is deleted in its entirety and replaced with the following: "Jurisdiction.For any proceedings regarding this Agreement(other than a proceeding subject to arbitration),you and we each hereby irrevocably submits to the jurisdiction of the courts of the State of Colorado or the federal courts located there and irrevocably agrees that all claims relating to the proceeding maybe heard or determined in those courts." WELLS FARGO BANK,N.A. Weld County _� By,_ � - By: �1A4T"ti�_��'t"R...---.' Name: Ryan Bass Name:Mike Freeman Title:Relationship Manager Title MCC Chair Date: 10/14/2020 Date: OCT 1 9 2020 3 Amendment to Master Agreement for Treasury Management Services 1 October S,2020 020 -3//r CO Treasury Management Proposal Weld County-Contract Pricing Pricing as of September 2020 14tonthfy Activity r�iri0�s 14,444. 44. ACH Fraud Filter 34333 ACH CEO FRAUD FILTER REVIEW MO BASE 5.00000 11 55 00 34333 ACH CEO FRAUD FILTER REVIEW MO BASE 25 00000 1 25.00 34335 ACH CEO FRAUD FILTER REVIEW-ITEM 1 00000 9 9.00 ACH Origination 34342 ACH CFO RETURN SUBSCRIPTION-ITEM 0.05000 14 0 70 0.20 34340 ACH CEO RETURN SUBSCRIPTION-ACCOUNT 15.00000 7 105 00 20.00 ES280 ACH MONTHLY BASE 20.00000 6 120.00 25.00 ES21 1 ACH ONE DAY ITEM 0,03000 771 23 13 ES21O ACH TWO DAY ITEM 0.03000 2,.557 76.71 ES216 ACH SAME DAY 0.25000 28 7 00 0.50 ES206 ACH ORIGINATED ADDENDA REC 0 01000 238 2.38 0.03 06504 ACH RETURN ADMIN-MANUAL 2.00000 4 B 00 06503 ACH RETURN ITEM-iV1ANUAt 2.00000 1 2.00 06506 ACH RETJRN UNAUTHORIZED-MANUAL 2 00000 15 30.00 06511 ACH RETJRN UNAUTHORIZED QUALITY FEE 5.00000 15 75.00 ES803 ACH PAYMENTS ONLINE BATCH RELEASE 5 00000 13 65 00 ES801 ACH TRANSMISSION CHARGE 5.00000 38 190.00 ES237 ACH FAX SERVICE 0.50000 35 7 50 34377 ACH PAYMENTS BASE FEE 20 00000 4 80.00 ACH10 ACH PAYMENTS ONE DAY ITEM 0.03000 146 4.38 ACHYD ACH PAYMENTS SAME DAY ITEM 0.25000 21 5.25 1.50 ACH2D ,ACH PAYMENTS TWO DAY ITEM 0 03000 6 0 18 ES480 ACH NOC-FAX ADVICE 2.00000 50 100 00 ES481 ACH NOC-INFO REPOR TING ADVICE 1 00000 3 3,00 6.50 ES391 ACH WELLS FARGO NOC-FAX ADVICE 0 00000 4 0.00 ES231 ACH DELETE REVERSE-BATCH/Fit E 20 00000 1 20.00 40.00 ACH Receive ES344 ACH RECEIVED ITEM 0 02000 857 1 7 14 Account Reconcilement D5322 ARP PARTIAL RECONCILIATION ITEM 0 05000 2 0 10 34337 CEO CHECK ISSUES-ITEM 0.01000 81 0 81 0.05 12687 ARP AGED ISSUE RECORDS ON FILE-ITEM 0.00000 1,926 0.00 12377 ARP FULL RECON-ITEM 0 01000 1,354 13.54 0.05 12060 ARP MONTHLY BASE-FULL 10 00000 6 60.00 25.00 12061 ARP MONTHLY BASE PARTIAL 10.00000 6 60.00 15.00 12604 ARP OPTIONAL REPORTS 0.00000 190 0 00 12430 ARP OUTPUT-TRANSMISSION 5.00000 25 125.00 12684 ARP PAPER S1 MT/REPORT MONTHLY BASE 0.00000 I 0.00 34350 CEO ARP STMT&RPTS MONTHLY BASE 0.00000 12 0.00 12694 OUTGOING TRANSMISSION-PER ITEM 0,00000 2,432 0.00 Branch Services 22810 WF CHK CASHED FOR NONACCI HOLDER 750000 1 7 50 Customer Proposal Report • 12812 CEO IMAGE VIEW<90 DAYS•ITEM 0.50000 13 6-50 12815 CEO IMAGE VIEW>90 DAYS-ITEM 0.50000 3 1.50 10.00 22020 WELLSIMAGE PAID CHECK MONTHLY BASE 0 00000 1 0.00 22015 WELLSIMAGE PAID CHECK PER CD 10 00000 1 10 00 Incoming Wire Transfers ES030 WIRE IN-DOMESTIC 5.50000 2 11 00 Information Reporting 34123 CEO EVENT MESSAGING SERVICE EMAIL 0.25000 418 104.50 0.50 34129 CEO EVENT MESSAGING SERVICE-7 EXT 0.35000 5 1 75 0.50 34121 CEO INTRADAY REPORTING ITEMS RPTD 0 03000 863 25.89 34120 CEO INTRADAY REPORTING MAINTENANCE 15.00000 7 10.5.00 20.00 34115 CEO PRFV DAY REPORTING ITEMS LOADED 0.03000 2,910 87 30 34100 CEO PREJ DAY REPORTING MAINTENANCE 15 00000 11 165.00 20-00 34250 INFO REPORTING HISTORY STORAGE 30 0 01000 2,186 21.86 34251 INFO REPORTING HISTORY STORAGE 60 0 01000 2,149 21.49 34252 INFO REPORTING HISTORY STORAGE 90 0.01000 792 7 92 0.02 Other Nos TM IAMTH RECOUPMENT MONTHLY 0 12750 12,737 1,623 97 Paper Checks Deposited 001 DEPOSITED CHECKS-ON US 0.04000 21 0.84 002 DEPOSIT,CIIECK 005500 122 6.i1 Payment Manager 28145 PAYMENT MGR COMML CRD CCER PMT 0.00000 46 0.00 0,07 ED290 PAYMENT MANAGER MONTHLY BASE 150.00000 1 150.00 200.00 28231 PAYMENT MGR EMAIL SERVICE 0.25000 14 3.50 28005 PAYMENT MGR INBOUND TRANSMISSION 5 00000 14 70 00 Positive Pay 05191 PAYEE VALIDATION STANDARD-ITEM 0.00000 1,340 0 00 34336 POSITIVE PAY EXCEPTION-CEO IMAGE 0.25000 9 2.25 12505 POSITIVE PAY EXCEPTION CHECKS RETND 0.00000 8 0 00 12903 POSITIVE PAY EXCEPTIONS-ITEM 0 75000 10 7 50 12907 POSITIVE PAY MONTHLY BASE 0.00000 11 0.00 Returned Items CK062 CEO RETURN I TEM RETRIEVAL-IMAGE 1 00000 66 66 00 2.50 CK064 CEO RETURN ITEM SERVICE MTHLY BRSE 0.00000 3 0.D0 CK061 RETURN ITEM-CHARGEBACK 1.00000 21 21.00 1.50 CK075 RETURN ITEM REDEPOSITED 0.75000 4 0.50 34235 CEO REIN ITEM SUBSCRIPTION PER ACCT 15 00000 2 30 00 20.00 34236 CEO RE-URN DECISIONING PER ITEM 1 00000 8 8.00 Customer Proposal Report A Payment Manager bank transfer is charged when the debit and credit accounts are setup in a single CEO Company id and entitled to Book Transfer Alerts Users are only charged for the first BO events per month There is no per company cap for billing This proposal was created far you based on your requirements and the services you expressed interest in This document confirms Me deposit and treasury management services and the prices that we plan to provide you based on certain assumptions including,projected volumes and other relevant information that you provided and the deposit and treasury management services you selected The pricing is subject to change if the actual volume and/or scope of services differ from the assumptions upon which the pricing estimate was based Please let us know if you believe this document does not accurately represent the prices or services you agreed to For additional service definitions,please contact your Treasury Management Sales Consultant or visit www.wellsrargo.com/accountanalysis This document is a confidential pricing agreement between Wells Fargo Bank and the Customer Neither pa ty has the right to share this information w th any entity or entities outside of their organization, without the permission of the other party Gustomer Proposal Report Term and termination.Unless a Service is terminated in accordance with the Service Documentation,this Agreement and each Service will continue in effect until terminated by either party upon 30 days'prior written notice to the other party. We may suspend or terminate any Service: a. After we notify you of a breach of any provision of the Service Documentation or any other agreement with us,and you fail to cure the breach(if it can be cured)within 15 days of the date of the notice;or b. Without prior notice to you if: i. We reasonably suspect that an Account associated with a Service has been compromised or otherwise subject to irregular,unauthorized,fraudulent,or illegal activity, ii. You become subject to any insolvency or bankruptcy proceeding,or any receivership,liquidation, reorganization,or other similar proceeding,or you enter into any agreement or proceeding for voluntary liquidation,dissolution,composition with or assignment for the benefit of creditors or other winding up, iii. We determine in our sole discretion that continuing to provide a Service may place us at risk of financial loss or result in an unacceptable credit exposure, iv. Any guaranty of your obligations to us("Guaranty")is terminated,revoked,or its validity contested by the guarantor("Guarantor"), v. We determine in our sole discretion that a material adverse change has occurred in your ability to perform your obligations under the Service Documentation,or in the ability of a Guarantor to perform its obligations under a Guaranty,or vi. The Account necessary to provide a Service is closed. The termination of a Service will not affect your or our respective rights with respect to transactions occurring before the termination.We will not be liable to you for any losses or damages you may incur as a result of any termination of any Service or termination or restriction of any CEO portal access rights under section 9(d)below. 5. Service fees.You will pay us the fees described in the Service Documentation and any taxes applicable to each Service, however designated,but excluding taxes based on our net income.We may debit your Account for any fees not covered by earnings credits and any taxes that are do,or we may send you an invoice for these amounts,which you will promptly pay.Our charges and fees are in the applicable fee schedule for Services used in connection with your Account. 6. Security procedures. a. Unless otherwise agreed,you agree that"Security Procedure"is the applicable security procedure described in the Service Documentation for your Initiation Method for the Service,which we will use to verify the authenticity of a Transaction.The term"Initiation Method"refers to the method we offer in the product enrollment form("Set-up Form")or other Service Documentation for delivering your Transaction instructions to us with respect to the applicable Service and includes any applicable transmission protocols.The term"Transaction"means(i)any funds transferor payment instruction(including any communication cancelling or amending an instruction),and(ii)any instruction,data or other information which we receive in your name with respect to a funds transfer.The purpose of the Security Procedure is to verify the authenticity of the Transaction.We will not use the Security Procedure to detect an erroneous or duplicate transaction.You will be responsible for any erroneous or duplicate transaction we receive in your name.You agree to be bound by each Transaction,whether or not authorized by you,issued in your name and accepted by us in compliance with the Security Procedure for the Service. b. You agree that each Security Procedure for the Initiation Method in the Set-up Form or other Service Documentation for each of the Services(a)best meets your requirements with regard to the size,type and frequency of your Transactions,and(b)is commercially reasonable.If you have refused to use any standard Security Procedure and elect a non-standard Security Procedure,then you must sign the Non-Standard Security Procedure Elections form. Paget Master Agreement for Treasury Management,Se'vices I Revised November 8,20. c. Administration of the CEO portal.We offer two options for administering the CEO portal:(i)Administration and (ii)Bank administration. i. Administration.If you enroll in the Administration option,there are three categories of Authorized Agents:Company Administrator,Administrator,or User.Unless you and we separately agree,we will provide Log-O0 Credentials only to your initial Company Administrator(s)who will(a)assign Log-On Credentials to other individuals and(b)designate those individuals as one of the following: (1)A Company Administrator,who may perform all functions of your initial Company Administrator, (2)An Administrator,who may perform all functions of an Administrator including designating other Administrator(s)and User(s),or (3)A User,who may access the Services designated by a Company Administrator or an Administrator, as well as those Services in which we permit a User to self-enroll. Each Company Administrator and Administrator has the authority to enroll you in additional Services.In addition to your use of Administration as described in this subsection,you may request that we assign Log-On Credentials to Users that you designate in writing to us.Your designation to us will specify the Services which the User is authorized to access in addition to those Services in which we permit a User to self-enroll. ii. Bank administration.For the Bank administration option,there is one category of Authorized Agent: Users,We will assign Log-On Credentials to each User you designate. You will promptly revoke the Log-On Credentials of any Authorized Agent or User when that individual is no longer authorized to access the CFO portal.If you notify us in writing to revoke the Log-On Credentials of an Authorized Agent or User,we will have a reasonable time after receiving your written notification to revoke the individual's access. d. Terminating access.We may terminate or restrict any Authorized Agent's access to any Service through the CEO portal if we determine such use: i. Does not comply with any term applicable to the CEO portal, ii. Is not permitted by Applicable Law, iii. Is not authorized by you or any third party whose authorization we believe is necessary,or iv. Should be denied for your or our protection(without us agreeing to or being required to make this determination in any circumstance). e. Financial information.Financial merket data,quotes,news,research,and other financial information developed by third parties and transmitted to us("Financial Information")may be available to you at the CEO portal.The posting of any Financial Information or any other information or data at the CEO portal is not a recommendation by us of any particular Service or transaction.We do not guarantee the accuracy or completeness of any Financial information,nor are we responsible for(i)the actions or omissions of the third parties developing or transmitting Financial Information or(ii)any decision you make or action you take by relying on any Financial Information. 10.Alerts. a. Non-subscribed alerts.When you enroll in the CEO portal or other channels or Services,you consent to receiving by email or other delivery channels,servicing messages that we determine are important or urgent.You do not need to subscribe to receive such alerts and you do not pay additional service fees. h. Subscribed alerts.You inay also enroll in fee-based alerts for applicable Services so that you can receive messages you subscribe to at:he intervals and through delivery channels that you choose. 11.Liability and indemnification. a. We are not obligated to honor,in whole or in part,any payment order or other instruction that: i. Exceeds the available balance in the Account,unless otherwise provided in the Service Documentation, Page 4 Master Agreement for Treasury Management Services I Revised November 8,20,9 12.Governing law.The Service Documentation will be governed by:(a)U.S.federal law and(b)the law of(1)the U.S.state in which the office of Bank that maintains the Account is located or,if there is no such state or no account associated with such Service,(ii)the State of New York,without reference to its principles of conflicts of laws("Governing Law"). 13.Arbitration agreement.Upon demand by you or us,any dispute or claim arising out of or relating to this Agreement,or the breach thereof,must he submitted to arbitration administered by the American Arbitration Association("AAA") under its Commercial Arbitration Rules,and must be heard before three arbitrators if the amount in dispute is US $5,000,000 or more or its equivalent in any other currency,and before one arbitrator for amounts in dispute of less than US$5,000,000 or its equivalent in any other currency.Arbitration will proceed in a location selected by AAA in the state of the applicable Governing Law,and if there is no such state,the place of arbitration must be New York,NY.The language of the arbitration must be English.Judgment on the award rendered by the arbitrator(s)may be entered in any court having jurisdiction thereof.This arbitration requirement does not limit the right of you or us to:(a)exercise self-help remedies including setoff or(b)obtain provisional or ancillary remedies such as injunctive relief or attachment,before,during or after the pendency of any arbitration proceeding.This exclusion does not constitute a waiver of the right or obligation of you or us to submit any dispute to arbitration hereunder,including those arising from the exercise of the actions detailed in(a)and(b)of this section. 14.Jurisdiction.For any proceedings regarding this Agreement(not subject to arbitration as provided in this Agreement), you hereby irrevocably submit to the jurisdiction of the courts of the Borough of Manhattan,New York City,in the State of New York or the federal courts located there and irrevocably agree that all claims in relating to the proceeding may be heard or determined in those courts. 15.Miscellaneous. a. Severability.Any portion of the Service Documentation which is inconsistent with Applicable Law or Governing Law will be deemed modified and applied in a manner consistent therewith,and we will incur no liability to you as a result of the inconsistency or modification and application to any dispute regarding the Service Documentation.If any portion or provision of the Service Documentation is deemed unenforceable,it will not affect the enforceability or validity of the remaining Service Documentation nor the enforceability or validity of that portion or provision under the law of any other jurisdiction. S. Entire agreement.The Service Documentation(and any documents referred to therein): i. Constitutes the entire agreement between you and us regarding the Services we provide for all Accounts opened with us,and ii. Supersedes and extinguishes all prior agreements,understandings,representations and warranties of any nature(including requests for proposals and other sales material),whether oral or written,between you and us relating to any of our Services(including any other Master Agreement for Treasury Management Services,but excluding the current Commercial Account Agreement or Global Commercial Account Agreement,as applicable). c. Electronic agreement.To facilitate execution,the Service Documentation may be executed by a party in the form of an"Electronic Record"(as defined in the Electronic Signatures in Global and National Commerce Act at 15 U.S.C.§7001 et seq.["ESIGN Act"]).The Service Documentation may be executed in as many counterparts as may be required to reflect all parties'approval,and at counterparts will collectively constitute a single agreement.An "Electronic Signature"(as defined in the ESIGN Act)that can be authenticated will constitute an original and binding signature of a party.The fact that a document is in the form of an Electronic Record or is signed using an Electronic Signature will not,in and of itself,be grounds for invalidating such document. d. No waiver.Neither our failure nor any delay by us in exercising any right or remedy will be deemed to be a waiver of the right or remedy.No course of dealing or waiver of any right on one occasion will constitute a modification of the Service Documentation or be a waiver of that right on a subsequent occasion. e. Third party beneficiaries.Except as otherwise provided in the Service Documentation,no person or entity other than the parties to this Agreement will be deemed to be a third party beneficiary under the Service Documentation. Page 6 Master Agreement for Treasury Management Services I Revised November 8,1019 APPENDIX X Applicable Branches or Subsidiaries of Bank 1. Wells Fargo Bank,N.A.—London Branch 2. Wells Fargo Bank,N.A.—Cayman Islands Branch Page 8 Master Agreement for Treasury Management Services I Revised November 8,2019 Chloe Rempel From: Barb Connolly Sent: Friday,October 16,2020 9:33 AM To: Esther Gesick Cc: On:White;CTB;Chris D'Ovidio;Bruce Barker;Bob Choate;Karin McDougal;Gabe Kalousek;John Lefebvre Subject: Re:SIGNATURE REVIEW-Amendment to Master Agreement for Treasury Management Services(Bid#81200150)-Wells Fargo Bank,N.A. The document that John forwarded is the agreement we need approved.I think the reason it says amendment is because Wells Fargo looks at it that way since we are currently with them,We do need a resolution drafted. Sent from my iPhone On Oct 15,2020,at 5:16 PM,Esther Gesick<egesick@weldgov.com>wrote: Hi Barb, For clarification,if this is being treated as a stand-alone agreement,will there be a new document coming through that doesn't say'Amendment'throughout?Either way,it is my understanding that we are to list this and draft a Resolution fora Master Agreement,correct? Esther E.Gesick Clerk to the Board 1150 O Street(P.O.Box 7581 Greeley,CO 80632 tel:(970)400-4226 <image001,png> Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,confidential or otherwise protected from disclosure.If you have received this communication in error,please immediately notify sender by return a-mall and destroy the communication.Any disclosure,copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From:Barb Connolly<bconnolly@weldgov.com> Sent:Thursday,October 15,2020 1:23 PM To:Bri White<bwhite@weldgov.com>;CTB<CTB@co.weld.co.us>;Chris D'Ovidio <cdovidio@weldgov.com>;Bruce Barker<bbarker@weldgov.com>;Bob Choate <bchoate@weldgov.com>;Karin McDougal<kmcdougal@weldgov.com>;Gabe Kalousek <gkalousek@weldgov.com>;John Lefebvre<jlefebvre@weldgov.com> Subject:RE:SIGNATURE REVIEW-Amendment to Master Agreement for Treasury Management Services (Bid 012001501-Wells Fargo Bank,N.A. Good afternoon to all, Since County code actually would make this a required service to be bid we need to approach this a bit differently. agreement to the bid and was it signed by the Chair?Also,is it appropriate to associate this amendment with said bid? Furthermore,this amendment does not appear to be consent eligible and will need to be presented to the Board with a Resolution,so please let me know if you'd prefer a different Agenda date, Thank you, Bri White Deputy Clerk to the Board Weld County 1150 O Street Greeley,CO 80631 } tet:970-400-4219 <image003.jpg> Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,confidential or otherwise protected from disclosure,if you have received this communication in error,please immediately notify sender by return e-mail and destroy the communication.Any disclosure,copying,distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. <0608 001.pdf> 3 AMENDMENT#1 TO MASTER AGREEMENT FOR TREASURY MANAGEMENT SERVICES- WELLS FARGO BANK,N.A. APPROVED AS TO SUBSTANCE: 41' n-t Departmen Head,or El ed Official APPROVED AS TO FUNDING: Ptithtli Chief Financial Officer,or Controller APPROVED AS TO FORM: ounty Attorney Hello