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__ _.. , _____ __ , � � � , � , , . i: �' . � Contract for Deposit of Moneys THIS CONTRACT�relating to the deposiE of moneys, is made es af the=day of ��M�0'�'R-, ' 2003,beiween ('Treasure�'}aoting in his or her afficiai cspaclty as Treasurer of CITY OF REDWOOD C1,TY{"Depasttor), snd WELLS FARGO BANK, NATIONAL A►330CiATION ("Bank')� having a ehareholders equlty of 513,805,000,000.00 on Deoember 31� 20�2, and is made wfth referenos to the foiiowin9 facts: W FiEREP�S,the Treasur'er proposes to deposit in the Bank from time to tqne,moneys in hk or her custody In an aggregate amount on deposlt at any ane time not to exceed�e�atal shareholder's equfly af the B�k,and said moneys wlif be deposlbed subject bo T[tle S, Divisbn 2, Pert 1, Chapter 4� Article 2 (commerx�ng with Seation 53630)of the Oovemment Code of the State of Capfomis(the Rocal Agency DeposR Security Lavd"). W HEREAS�the Government Code requires the Treasure►'to errter inbo a contract wfth the Bank settEng forth � the conditbns upon which said moneys are deposfted. , � �. WHEREAS,in the judgment of the Treasurer�this Contract is tc the publlc sdvantaQe. NOW,7HEREFORE,the partles agree as foilows: . . 1. This Contr�t cenceta and su�iersedes any previous oontracts beiween the Treasurer and the 9ank relaUng to the me'thod of�coilatsralizatlon of Deposlta''s deposits. To the extent not Inconsfstertit herewtth, any such deposit shsq be•subject to the tertns and conditbns of the Bank's standard d�dosure statemeM(as In effect from tlme to time)for deposib of that type. ,� � • � ' 2. This contract,but not deposits then held hereunder,is subjsd to termSna�on by the Treasurer or the Bank at any tlme upon SO days' wrltten rwtice. ��its maY be'�hdrewn in aoc�ordance wtth the agreement�ihe perties and appliceble federai and state atetutes,rules and regulations. �Th[s contract is aubjecc:t to modifiae�on or termina�on upon �ment of any statute, rule, or regulatlon, sffifie or federal,•whlch, ir�khe opinion of the Administrator of Local ABency Security of the 3tate of Califomia (the "A�dministrator"j, �S Inconsistent herewith, induding any change rela�ve to the peyment of interest upon moneys so depositecE by the Treasurer.• The Treasurer may wtthdr'aw Depositor's deposits from the Benk immed�ately upon rec�iving notice ffnm the A�dministrator fhat.the Sank has fafled to paY assessments,flnes or penaltfas assesaed bY the ARlministrator. The 7reasurer may Immedl�tely upon receiv�S notice from the Administrator witt�draw authorizstton for tha P�avement of securltles wilh the Aeent of ihe Depository In the event lhat the Agent of fhe Depository fails ta•pay flries or . penaiti�es sssessed by the Administrato�. �. 3. Interest ahell eccrue on any mo�eys so deposited as permitted by eny act of Congress of the United States or by arry rule ar regulaUon of any department or agency of the Federa� Govemme�t. lf Mberest mey legally be paid on the account into wMch the moneys are deposited,fhen ali moneys deposited shall bear interest at a rate agreed upon by the Treasurer and the Bank. 4. The Bank shslt issue•to the Treasurer for eac�deposR a recelpt on e form ayreed ta by it�e Bank and 8�e Treasurer,s tating t he i nterest t o b e p aid(iF a try�,t he d uration a f t he d eposit (If approp�late)� the frequencY of interest payments(if arry)and the terms of withdrawal. Each such deposft recelpt is by teference made e part of thls contra�t. ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT1 �