Res 2015-135/approving an agreement between the City and Wells Fargo Bank, N.A. for the provision of Depository Services contingent upon the depository’s provision of sufficient insurance in accordance with the attached agreement

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a t. July 16, 2015 Cheryl Pantermuehl, CPPO, CPPB The City of San Marcos 63o E. Hopkins Street San Marcos, TX 78666 Dear Ms. Pantermuehl, Wells Fargo Bank, N.A. 12 :; North Edward Gary Street San Marcos, Tx 78666 w ellsfargo.com Wells Fargo Bank is pleased to have the opportunity to present this proposal to the City of San Marcos ( "the City "). Wells Fargo prides itself on adding value by working closely with our customers to meet their financial management goals. With our combination of local relationship management and national product leadership, we commit to providing the service that will meet and exceed your expectations. Within the State of Texas over boo governmental entities currently maintain deposit relationships with us. Be assured, our bank has the resources and the experience to ensure your relationship is managed in the highest standards. Wells Fargo is committed to delivering the most advanced technology in a very cost efficient manner. We commit that as product enhancements are developed, we will offer them to the City. Wells Fargo values our relationship with the City. Our response V the proposal is an opportunity, like all businesses, to re- evaluate our cost of delivering the best products and services and to adjust our prices accordingly. Wells Fargo will provide the City the following incentives: • Comprehensive treasury management services priced competitively. • Superior service through our Commercial Electronic Office° (CEO ®) portal. No other U.S. bank offers such a broad range of commercial banking services through a single sign -on internet portal. • Bank supplies. We will provide the City with an annual allowance of $500 for tamper resistant bags that can be used for branch or armored car service deposits. • Superior Earnings Credit Rate, currently 0.45 %, and savings interest rate, currently 0.10%. • Full brokerage services for self - managed investments. • Fraud risk assessment study. We provide the City with a complimentary review to identify and measure any potential areas of fraud risk. • Business process review. We provide the City with a complimentary review completed by our treasury management team to increase efficiencies within your finance department.