18-0629_MUFG UNION BANK_Personal Services Agreement First Amendment AMENDMENT NO. 1
TO THE PERSONAL SERVICES AGREEMENT
•
BETWEEN
THE CITY OF SAN JUAN CAPISTRANO
AND
MUFG UNION BANK, N.A.
1. Parties and Date.
This Amendment No. 1 to the Personal Services Agreement is made and entered
into as of this 2_ day of June, 2018, by and between the City of San Juan
Capistrano, a mu icipal organization organized under the laws of the State of California
with its principal place of business at 32400 Paseo Adelanto, San Juan Capistrano,
California 92675 ("City") and MUFG Union Bank, N.A., a Corporation, with its principal
place of business at 445 So. Figueroa Street, 8th Floor, Los Angeles, CA 90071
(Consultant). City and Consultant are sometimes individually referred to as "Party" and
collectively as "Parties."
2. Recitals.
2.1 Consultant. The City and Consultant have entered into an agreement entitled
Personal Services Agreement dated July 21, 2015 ("Agreement") for the purpose of
retaining the services of Consultant to provide Custodial Banking Services.
2.2 Amendment Purpose. The City and Consultant desire to amend the
Agreement to extend the Term of the Agreement.
2.3 Amendment Authority. This Amendment No. 1 is authorized pursuant to
Section 2 of the Agreement.
•
3. Terms.
3.1 Amendment. Section 2 of the Agreement is hereby amended in its entirety to
read as follows:
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Section 2. Term.
This Agreement shall commence on the effective date and shall terminate, and all
services required hereunder shall be completed, no later than June 30, 2021, unless earlier
terminated as provided herein.
3.2 Continuing Effect of Agreement. Except as amended by this Amendment No.
1, all other provisions of the Agreement remain in full force and effect and shall govern the
actions of the parties under this Amendment No. 1. From and after the date of this
Amendment No. 1, whenever the term "Agreement" appears in the Agreement, it shall
mean the Agreement as amended by this Amendment No.1.
3.4 Adequate Consideration. The Parties hereto irrevocably stipulate and agree
that they have each received adequate and independent consideration for the performance
of the obligations they have undertaken pursuant to this Amendment No. 1.
3.5 Severability. If any portion of this Amendment No. 1 is declared invalid,
illegal, or otherwise unenforceable by a court.of competent jurisdiction, the remaining
provisions shall continue in full force and effect.
[Signatures on Next Page]
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SIGNATURE PAGE FOR AMENDMENT NO. 1
TO PERSONAL SERVICES AGREEMENT
BETWEEN THE CITY OF SAN JUAN CAPISTRANO
AND MUFG UNION BANK, N.A.
City of San Juan Capistrano MUFG-UJ ion Bank, N.A.
Approved By:
J` Fulton, Director
f�GBen' in 7 I, C' y Manager
obal Trust Services
Attested
r r P , cJ
M n orn-, Clerk
Scott Parker, Directo`f
Global Trust Services
Approved As To Form:
Jeffr6y Ballinger, Citi Attorney
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