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DELRAYBEACH (PALM BEACH COUNTY) · LOCALlocal legislationPassed
Passed

Approval of Seven-Year Banking Services Contract with JPMorgan Chase

Original title: APPROVAL OF RESOLUTION NO. 07-26 TO APPROVE AN AGREEMENT WITH JPMORGAN CHASE BANK, N.A. FOR BANKING MANAGEMENT SERVICES PURSUANT TO RFP 2025-003 FOR SEVEN (7) YEARS IN THE ESTIMATED AMOUNT OF $167,737.

Record date · January 20, 2026

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What This Bill Does

The City Commission has passed a to enter into a seven-year agreement with JPMorgan Chase Bank, N.A. for banking management services. The contract was awarded following a competitive bidding process under RFP 2025-003.

Why it matters

The city will pay an estimated $167,737 over seven years to manage its banking operations, affecting how public funds are processed and maintained.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

JPMorgan Chase Bank, N.A.

The bank is the designated provider of banking management services for the city for the next seven years.

Indirectly affected

City taxpayers

Taxpayer funds are used to pay the $167,737 contract cost for banking management services.

Key Facts

  • The City Commission approved Resolution No. 07-26.
  • The city entered into a banking management services agreement with JPMorgan Chase Bank, N.A.
  • The contract duration is seven years.
  • The estimated total cost for the contract is $167,737.
Show all 7 facts
  • The vendor was selected through the RFP 2025-003 competitive bidding process.
  • The file number for this legislative action is 26-0014.
  • The resolution was introduced on December 26, 2025.

Frequently Asked Questions

How long is the contract with JPMorgan Chase?
The contract is for a period of seven years.
How much will the city pay for these banking services?
The estimated cost for the seven-year term is $167,737.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

City Commission, Resolution No. 07-26, JPMorgan Chase Bank, N.A. and 1 more
OrganizationCity Commission“The governing body that passed the resolution.”Map →
otherResolution No. 07-26“The legislative instrument approving the agreement.”Map →
OrganizationJPMorgan Chase Bank, N.A.“The selected vendor for banking management services.”Map →
otherRFP 2025-003“The Request for Proposals process used to select the banking vendor.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance30
    How much this matters to a regular citizen
  • Controversy5
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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