CONTRACT SUMMARY SHEET

TO: THE OFFICE OF THE CITY CLERK, COUNCIL/PUBLIC SERVICES DIVISION ROOM 395, CITY HALL

DATE: June 30, 2017

(PLEASE DO NOT STAPLE THE CONTRACT FOR THE CLERK’S FILE)

FORM MUST BE TYPEWRITTEN

FROM (DEPARTMENT): OFFICE OF FINANCE

CONTACT PERSON: SAUL ROMO PHONE: 213-978-1757

CONTRACT NO.: C-114564 COUNCIL FILE NO.: 14-0806

NEW CONTRACT __AMENDMENT NO.ADDENDUM NO.___SUPPLEMENTAL NO. CHANGE ORDER NO.

ADOPTED BY COUNCIL: 6-27-17DATE

APPROVED BY BPW: N/ADATE

CONTRACTOR NAME: WELLS FARGO, N.A.

TERM OF CONTRACT: JULY 1,2008 THROUGH: JUNE 30, 2018

TOTAL AMOUNT: COMPENSATION PER CONTRACT TERMS

PURPOSE OF CONTRACT:Amendment extends the term of the contract to provide bank services to the City

NOTE: CONTRACTS ARE PUBLIC RECORDS - SCANNED AND UPLOADED TO THE INTERNET

PRINT

Fourth Amendment to Contract No. C-114564 Between

The City of Los Angeles and

Wells Fargo Bank, N.A.

This Fourth Amendment to Contract No. C-114564 between the City of Los Angeles (hereinafter “City”) and Wells Fargo Bank, N.A. (hereinafter “Bank”) is entered into with reference to the following:

WHEREAS on July 1, 2008, Wachovia Bank and City entered into Contract No. C- 114564 (hereinafter “Contract”) wherein Wachovia Bank agreed to provide general banking services as described in the Contract; and

WHEREAS Bank acquired Wachovia Bank effective December 31, 2008; and

WHEREAS the term of the current Contract expires June 30, 2017; and

WHEREAS the Contract allows the City the option to extend the term of the contract on a year to year basis for up to five years if both parties agree; and

WHEREAS the City continues to require the above-mentioned services provided by the Bank; and

WHEREAS the parties hereto desire to exercise the fifth option to extend the term of the current Contract by one year.

AGREEMENT

NOW THEREFORE, the parties hereby covenant and agree as follows:

ARTICLE I - AMENDMENTS TO THE CONTRACT

The parties hereby agree that this Contract shall be amended effective July 1, 2017 as follows:

1. TERM

Article 2, Term, of Contract C-114564 is hereby amended in its entirety to read:

“This AGREEMENT shall commence July 1, 2008 and end on June 30, 2018, subject to the termination provisions herein.”

2. NOTICES

Article 19, Notices, of Contract No. C-l 1564 is hereby amended in its entirety to read:

Page 1 of 3

a. Representatives of the Parties:

The representatives of the respective parties authorized to administer this AGREEMENT,communications shall be given are as follows:

and to whom formal notices, demands, and

The representative of the CITY shall be, unless otherwise stated in this AGREEMENT:

1.

Claire BartelsCity of Los Angeles, Office of Finance 200 North Spring Street, Room 220, City Hall Los Angeles, CA 90012

The representative of the CONTRACTOR shall be, unless otherwise stated in this AGREEMENT:

li.

Mark C. HewlettSenior Vice President/Regional ManagerWells Fargo Bank, Government and Institutional Banking333 S. Grand Avenue, 5th FloorLos Angeles, CA 90071

ARTICLE II - GENERAL PROVISIONS

Except as amended by this Fourth Amendment, all other terms and conditions of Contract No. C-l 14564 shall remain in full force and effect.

Signature Page Follows

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IN WITNESS THEREOF, the parties hereto have caused this instrument to be executed by their respective duly authorized representatives.

Approved Corporate Signature Methods (please sign in blue ink):

a) Two signatures: one by Chairman of Board of Directors, President or Vice President; and one by Secretary, Assistant Secretary, Chief Financial Officer or Assistant Treasurer. OR

b) One signature by Corporate designated individual together with properly attested resolution of Board of Directors authorizing person to sign on the company behalf.

City of Los Angeles Wells Fargo Bank, N.A.

A

By; By: iClaire BartelsDirector of Finance / City Treasurer

Renee Gordon Vice President

/jv/ 7Date; June 28, 2017Date:

By:Signature

Name:Printed / Typed

Title:Printed / Typed

Date:

Approved as to Form:MICHAEL N. FEUER City Attorney *

Attest:HOLLY L. WOLCOTT City Clerk r

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Assistant City Attorney Deputy City .Clerk

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Wells Fargo Contract - C-l 14564 - 4th Amend - 7-1-16

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WELLS FARGO BANK, NATIONAL ASSOCIATION

ASSISTANT SECRETARY’S CERTIFICATE

I, Linda Yang, an Assistant Secretary of Wells Fargo Bank, National Association, a national banking association (the “Bank”), hereby certify as follows:

1. The following is a true and correct extract from resolutions duly adopted by the Board of Directors of the Bank on November 25, 2003, as amended, and no modification, amendment, rescission or revocation of such resolutions has occurred affecting such extract as of the date of this certificate.

RESOLVED, that agreements, instruments, or other documents, including amendments and modifications thereto, relating to or affecting the property or business and affairs of the Bank, whether acting for its own account or in a fiduciary or other representative capacity, may be executed in its name by the persons hereinafter authorized;

FURTHER RESOLVED, that for the purposes of these resolutions, “Executive Officer” shall mean any person specifically designated as an Executive Officer of the Bank by resolution of the Board of Directors, and “Signing Officer” shall mean the Chairman of the Board, the President, any Senior Executive Vice President, any Executive Vice President, any Senior Vice President, the Treasurer, any Vice President, any Assistant Vice President, any person whose title includes the word “Officer” (e.g., Commercial Banking Officer, Personal Banking Officer, Trust Officer), or any other person whose title has been or is hereafter designated by the Board of Directors as a title for an officer of the Bank, and such officers are hereby authorized to sign agreements, instruments and other documents on behalf of the Bank in accordance with the signing authorities conferred in Parts A, B and C of these resolutions;

* * *

B. Vice Presidents and Above

FURTHER RESOLVED, that the Chairman, the President, any Senior Executive Vice President, any Executive Vice President, any Senior Vice President and any Vice President, acting alone, may execute on behalf of the Bank:

Deeds, leases, assignments, bills of sale, purchase agreements and other instruments of conveyance to purchase, sell, lease or sublease to or from a third party real property, or any interest therein, for the Bank's own account; provided, however, that such agreements, instruments and other documents may also be signed as hereinafter provided with respect to real property acquired by the Bank in connection with collateral for a loan.

1.

Bonds of indemnity and powers of attorney; provided, however, that proxies to vote stock in a corporation or to vote other interests in other legal entities and stock and bond powers may also be signed as hereinafter provided.

2.

C. Signing Officers

FURTHER RESOLVED, that any Signing Officer, acting alone, may execute on behalf of the Bank, whether acting for its own account or in a fiduciary or other representative capacity:

* * *

Agreements and proposals to provide services to or receive services from third parties.

15.

Tax returns and all reports, applications and other filings made with any federal, state or local governmental department, agency, body or official.

16.

* * *

2. The following person is duly appointed and is an acting officer of the Bank with the title opposite their name as of the date hereof, such officer is a “Signing Officer” within the meaning of the foregoing resolution.

Renee Gordon Vice President

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Bank this 19th day of April, 2017.

Linda Yan(|] A Assistant Secretary

Wells Fargo Bank, National Association[Seal]

Redacted [Indicates portions of the resolution which have been omitted because they are not relevant to the transaction for which this certificate has been requested.!

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