Approval of Seven-Year Banking Services Contract with JPMorgan Chase
January 20, 2026
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The Frame
The city will pay an estimated $167,737 over seven years to manage its banking operations, affecting how public funds are processed and maintained.
Potentially affected actors named in the source documents. Mention is not a position.
JPMorgan Chase Bank, N.A.
The bank is the designated provider of banking management services for the city for the next seven years.
City taxpayers
Taxpayer funds are used to pay the $167,737 contract cost for banking management services.
Last recorded activity January 20, 2026.
Next step not available in the current record.
Summary
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.
- 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?
How much will the city pay for these banking services?
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.
News Coverage
Connected Entities
Sources
webapi.legistar.com
Analysis Score
0–100- Significance30How much this matters to a regular citizen
- Controversy5Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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