REQUEST FOR PROPOSAL (RFP) FOR BANKING SERVICES · TERM OF AWARD The Park District intends to...

CHICAGO PARK DISTRICT

TREASURY DEPARTMENT

REQUEST FOR PROPOSAL (RFP)

FOR

BANKING SERVICES

DATE: February 28, 2019

QUESTIONS:

Any questions and/or requests for clarifications must be submitted in writing to the Treasurer’s Office no later than March 22, 2019 at 4:00 P.M., C.D.T.

DUE DATE: May 3, 2019 at 4:00 p.m., C.D.T.

Avis LaVelle President, Board of Commissioners

Michael P. Kelly

General Superintendent and CEO

Cynthia Evangelisti

Treasurer

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LEGAL ADVERTISEMENT

Date: February 28, 2019

CHICAGO PARK DISTRICT~TREASURY DEPARTMENT

REQUEST FOR PROPOSAL (RFP) BANKING SERVICES

Location: The Chicago Park District-Treasury Department

541 N. Fairbanks Court, 6th Floor Chicago, IL 60611

Description: The Chicago Park District invites the submission of proposals for BANKING SERVICES

Any QUESTIONS must be submitted in writing to the Treasury Department by March 22, 2019 at 4:00 P.M., C.D.T.

Due Date: May 3, 2019 at 4:00 P.M., C.D.T.

Avis LaVelle President, Board of Commissioners

Michael P. Kelly

General Superintendent and CEO

Cynthia Evangelisti

Treasurer

LATE PROPOSALS WILL NOT BE ACCEPTED

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REQUEST FOR PROPOSAL

for

BANKING SERVICES

Contact Person: Cynthia Evangelisti, Treasurer

Email: [email protected]

mailto:[email protected]

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TABLE OF CONTENTS

SECTION TOPIC PAGE 1. General Information ....................................................................................................................... 5

2. RFP Information ............................................................................................................................. 6

3. Scope of Services .......................................................................................................................... 9

4. RFP Technical Requirements General Conditions ......................................................................... 12

5. General Conditions ........................................................................................................................ 23

5. Proposal Execution ........................................................................................................................ 26

6. Proposal Contents .......................................................................................................................... 27

7. Proposal Packaging & Delivery ...................................................................................................... 28

8. Evaluation and Selection Process .................................................................................................. 30

9. SUBMITTAL FORMS .................................................................................................................... 33

A. Signature Page ..................................................................................................................

B. License, Registration, Etc (please provide). ......................................................................

C. CRA Compliance ...............................................................................................................

D. Economic Disclosure Statement .......................................................................................

E. Bank Contacts ..................................................................................................................

F. Pricing Sheet .....................................................................................................................

G. Certain Provisions of Banking Services Agreement ..........................................................

H. No Proposal Response Form ...........................................................................................

I. Copy of MBE/WBE/WMBE/DVBE VERIFICATION OF CERTIFICATION

10. EXHIBIT

Investment Policy…………………………………………………………………….………………… 57

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GENERAL INFORMATION

BACKGROUND

The Chicago Park District (hereinafter Park District) is a municipal corporation organized in 1934. It is governed by a seven-person Board of Commissioners appointed by the Mayor of Chicago, with the advice and consent of the City Council. The Board of Commissioners appoints the General Superintendent, who is responsible for the Park District’s day-to-day operations.

The Park District owns more than 8,800 acres of green space, making it one of the largest municipal parks in the nation. The Chicago Park District’s more than 600 parks offer thousands of sports and physical activities as well as cultural and environmental p rograms for youth, adults, and seniors. The Park District is also responsible for 28 indoor pools, 50 outdoor pools, and 26 miles of lakefront including 29 swimming beaches plus one inland beach. From canoeing to soccer fields to arts and crafts, there is never a shortage of activities to participate in Chicago’s parks.

The Park District offers a wide range of recreational and educational programs featuring both physical and cultural activities. For more information, visit www.chicagoparkdistrict.com.

REQUEST FOR PROPOSAL

The Park District is requesting proposals (Proposals or proposals) for its primary banking services (See SCOPE OF SERVICES). Joint Proposals will not be accepted. This Request for Proposal (RFP) solely relates to the primary banking services of the Park District and not of any other governmental entity, including the City of Chicago and any “sister agencies” of the City. The Park District will review submitted Proposals in accordance with the evaluation criteria set forth herein. Prior to selection of a bank, the Park District may engage in discussions with responsible submitters. Contents of Proposals are not publicly disclosed until after the bank is selected. Submitters are required to submit a completed Economic Disclosure Statement (EDS) with their proposal. Further, if selected, your bank will be expected to certify that there have been no changes to the submitted EDS or submit an updated EDS contemporaneously. A copy of the Economic Disclosure Statement is attached.

NO AWARD

The notice of selection of a bank does not guarantee a banking services agreement with the Park District or vests the bank with any rights with respect to the Park District. The receipt of proposals or other documents at any stage of this RFP will in no way obligate the Park District to enter into any contract of any kind with any party. Prior to final selection of a bank, the Park District may conduct interviews and discussions with prospective banks.

In addition, the Park District reserves the right to reject any and all proposals at any stage, or to modify, withdraw, cancel, or reissue this RFP, in whole or in part, in the event that competition is deemed inadequate or the Park District determines in its sole discretion that it is otherwise in the best interest of the Park District.

TERM OF AWARD

The Park District intends to utilize banking services from the awardee (as defined in this RFP) for a 6-year time period beginning July 1, 2019 and ending June 30, 2025. At the Park District’s option, two 2-year extensions will be permitted with the same terms and conditions of the original banking services agreement or as amended. The awardee will be required to provide an annual update related to its: 1) MBE/WBE/WMBE/DVBE background and staff diversity, 2) EDS, 3) compliance with minimum qualifications, 4) number of employees in the City of Chicago and 5) extension of credit support to the Park District.

End of General Information

http://www.chicagoparkdistrict.com/

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RFP INFORMATION

The Special Conditions (if any), the General Conditions, and the specification shall govern, in that order, if there is any conflict between the submittal

requirements.

1. EXAMINATION OF PROPOSAL DOCUMENTS

Each submitter may obtain one copy of the RFP package in the manner provided in the advertisement. Park District RFP documents

obtained from any source other than the Park District cannot be assumed to be complete, and Proposals prepared from such

documents are subject to rejection.

It is expected that each submitter will read the entire RFP with care and will submit the forms and affidavits contained in this RFP

without alteration. The Park District will not accept RFP forms that have been recreated or reformatted by the submitter.

It is also expected that each submitter will carefully review its Proposal before submittal to the Treasury Department to confirm that it

meets all requirements set forth in the Proposal’s Execution and Proposal Contents sections. The submitter’s negligence in these matters,

or the failure of the submitter to ask relevant questions before the due date will not relieve the submitter of any obligations to comply, in

every detail, with all provisions and requirements of the RFP. If the submitter is selected to be the awardee, conversation with an attorney

is recommended, since the banking service agreement may have important legal consequences.

2. QUESTIONS & ANSWERS

Questions must be submitted in writing by 4:00 p.m., Central Daylight Time, March 22, 2019. Questions submitted later will not be

answered.

Any correction, revision, answer, or clarification of the RFP documents will be made only by a written addendum (if something in the

RFP is changed) or a Clarifications / Answers document (if nothing in the RFP is changed) issued by the Treasurer or her designee.

A copy of such addendum (or Clarifications / Answers), if any, will be e-mailed, faxed, or mailed, to each person recorded as having

obtained a copy of the RFP from the Park District. The Park District will not be liable for the submitter’s failure to obtain or download any

addenda that may be issued for this RFP. It is the sole responsibility of the submitter to obtain such addenda. No addenda will be issued

later than five (5) days prior to the date Proposals are due, unless it is an addendum canceling the RFP, or one that includes the

postponement of the Proposal due date.

Submitter’s failure to acknowledge receipt of each addendum on the Proposal’s Signature Page shall not diminish, nullify or otherwise

alter the application of any addendum. It is not necessary to acknowledge receipt of a Clarifications / Answers document.

3. FORMS

Remove and complete all of the forms listed on p. 27 in the Proposal Contents section. For purposes of comparisons between

submitters, use “as is.” Do not scan and reformat these forms. Any RFQ submittal form that has been reformatted or re-created in

any fashion by the submitter may be summarily rejected. Sign appropriately and have notarized where required.

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4. SUBCONTRACTORS

Except as provided in the Scope of Services section of this RFP, the awardee shall not include any subcontractors in its Proposal to

provide any of the primary banking services to the Park District. Notwithstanding any such agreement, each firm shall be

responsible for any and all banking and related services if approved as a provider of any of the primary banking services to

the Park District.

5. EXCEPTIONS TO THE RFP

Any deviations from this RFP must be noted in the relevant Proposal page(s), with the exact nature of the change(s) outlined in sufficient

detail in a cover letter. The reason for such deviations should also be included. CAUTION: The Park District will evaluate the impact

of such exceptions on the services provided in the SCOPE OF SERVICES section of this RFP and reserves the right to disqualify

Proposals that do not completely provide such services.

NOTE: Changes, additions, or deletions made to the General Conditions by the submitter are included in this disqualification caution.

6. COMPETENCY OF PROPOSER

The proposer, if requested, must present within a reasonable time (as determined by the Treasurer or her designee) evidence

satisfactory to the Treasurer or her designee of ability to successfully perform primary banking services, and the possession of

necessary facilities, labor, materials, equipment, software, supplies, expertise, financial resources, and adequate insurance to comply

with all of the terms of the primary banking services agreement.

No banking services agreement will be awarded to any bank that is in arrears or is in default with the Park District upon any contract,

or that is defaulter, as surety or otherwise, upon any obligation to said Park District, or has failed to perform faithfully on any previous

contract with the Park District.

7. WITHDRAWAL OF PROPOSAL

Submitters may withdraw their submitted Proposal at any time by giving written notice to the Treasurer.

8. ERRORS IN PROPOSAL

Submitters are cautioned to verify their Proposal prior to submission. Negligence on the part of the submitter in preparing the Proposal

confers no right of modification of the Proposal after the closing time for its receipt. Inadvertent errors (such as the omission of one

page of a multi-page document) that have a correction submitted after the designated submission time may be considered at the sole

discretion of the Park District if the submitter submits with the correction sufficient information to prove that the error was inadvertent.

Such amendments are not favored and, in the case of doubt, requests will be denied.

9. LATE PROPOSALS; MISREPRESENTATIONS

Late Proposals will not be accepted. The Park District does not specify the method by which Proposals are to be delivered; therefore,

it cannot be held responsible for any delay, regardless of reason, in the receipt of Proposals in the Treasury Department. Proposals

delivered by mail or messenger will be considered only when said Proposals are received in the Treasury Department on or before the

due date and time. The Park District does not guarantee that Proposals received in the building by mail or messenger will be delivered

to the Treasury Department or at before the time due. Proposals thus delayed will not be considered and will be returned unopened.

Any material misrepresentations made by the submitter(s) will void the response and eliminate the submitter(s) from further

consideration. The Park District reserves all rights with regard to this solicitation.

10. INCURRED COST

All costs incurred in the preparation and submission of Proposals shall be borne by the submitter.

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11. RETURN OF PROPOSALS

The Park District is under no obligation to return any Proposals or materials submitted by the submitter as a response to this RFP.

12. RESERVED RIGHTS

The Treasurer or her designee shall represent the Park District in all matters pertaining to this RFP, and reserves the right to reject

any and all Proposals during any stage of this RFP, or to modify, withdraw, cancel, or reissue this solicitation, either in whole or in

part, in the event that responses are deemed inadequate or that it is otherwise in the best interest of the Park District.

The Treasurer or her designee also reserves the right to disregard any minor informality in the RFP when, in her opinion, the best

interests of the Park District will be served by such action.

End of RFP Information

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SCOPE OF SERVICES

INVITATION

The Park District is soliciting Proposals for a primary banking relationship with a bank which operates an office within the City of Chicago (City).

The submitter must have the professional qualifications, licenses and experience necessary for the satisfactory performance of all services

required by this RFP, and shall provide all labor, materials, equipment, and software necessary for the performance of all services. The

services and materials provided must be competitively priced, of the highest and best quality, and delivered in a timely manner.

DEFINITIONS

In addition to the terms defined elsewhere in this RFP, the following terms shall have the meaning ascribed to it when used in this RFP.

“Awardee and awardee” means a submitter of a proposal that has been selected by the Park District to provide primary banking

services to the Park District and has entered into the banking services agreement with the Park District .

“Proposer”, “submitter”, and “Submitter” each means a submitter of a proposal under this RFP to the Park District that includes the required

documentation per the RFP specifications.

SCOPE OF SERVICES

The Park District currently maintains the following accounts that are held by one (1) or more banks: one (1) Operating Account, a Control

Disbursement Account, one (1) Investment Account, one (1) Regions Deposit Account, one (1) Credit Card Account, one (1) Payroll

Account and ten (10) Privatized Accounts. Below is a brief description of each account.

The Operating Account (General Fund) is the main account for deposits and used for all the ACH or FED Wires that are sent

to or received by outside vendors. This account is funded daily according to the amount required for checks clearing and any

other ACHs processed on the prior day. It maintains a daily balance of $50,000 and any excess balance is swept daily to the

Investment Account.

The Control Disbursement Account is the account that clears all the accounts payable checks. A daily Control Disbursement

report is prepared and received by the Park District with the amount of checks that will be clearing that day. This report is run

daily by 9:00 am Central time. The total amount of checks presented is automatically deducted from the Operating Account.

The Investment Account is the account that receives funds from the Operating Account in excess of $50,000 and on a daily

basis sweeps are made from the Investment Account to the Operating Account if the Operating Account balance falls below

$50,000.

The Regions Deposit Account serves as the deposit account for all parks, each Park has its own deposit slips with a Magnetic

Ink Character Recognition (MICR) number that identifies each location. The Regions Deposit Account also receives account

transfers and ACHs from outside vendors. This account is a Zero Balance Account (ZBA) that sweeps daily into the Operating

Account.

The Credit Card Account is used for the collection of credit card payments. This account maintains a daily balance of $25,000

and any excess balance sweeps daily to the Operating Account.

The Payroll Account is used to fund biweekly payroll, which is funded by the Operating Account.

The Privatized Accounts receive deposits and credit card payments on a daily basis and credit card fees are withdrawn on a

monthly basis. The balances on the accounts are transferred at the end of each month to the Operating Account for investment

purposes.

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Following is a listing of mandatory banking services the Park District requires a bank to have the capability to provide:

Checking accounts; ▪ Post collateral equal to 105% of FDIC Insured Limit;

ACH reporting; ▪ Secure Web-based payment system;

ACH debit services; ▪ On-line balance reporting;

Credit/debit card services; ▪ On-line image retrieval;

Direct deposit for payroll; ▪ On-line stop-pays;

Purchasing cards; ▪ On-line wire transfers;

Banking supplies; ▪ Positive pay on checking and payroll accounts;

Night depository services; ▪ Excellent customer service & response and

Overdraft protection; ▪ Data compatibility, including download interface with Oracle;

Investment services; ▪ Image capture of deposit slips and checks

Records Retention;

Remote Deposit Capture

The Park District utilizes a check system, as opposed to warrants. The Park District anticipates that proposed banking services will be

compensated either by the credit earned on average collected balances or a fee for service basis, but is also willing to consider other

options.

The following is a list of optional services the Park District may require:

Automatic account reconciliation;

Secure online banking payments collected in a batch deposit

Secure E-Payments

Pay Card Services

All online and web-based banking services must be in a secured environment recognized by the U.S., U.K., Swiss and EU banking

industries.

ALTERNATE BANKING STRUCTURE

Please provide a description of any recommendations on how the Park District can improve the efficiency and cost-effectiveness of its

system of banking accounts, user payment alternatives and interfacing and utilization of banking services.

SERVICES REQUIRED

Checking Accounts: The Park District currently utilizes the Controlled Disbursement Account to write checks for accounts payable and a

separate checking account for the payroll (“Payroll Account”). The awardee will furnish the Park District with additional checking accounts

as needed. NSF checks must be processed no more than one (1) time before being returned to the Park District. The basic checking

account services should at least consist of:

Provide online month-end statements by the 2nd business day of the following month and provide statements to various auditors

upon request;

Provide monthly electronic check image retrieval on CD or online including necessary software;

Provide individual and consolidated monthly account analysis for all accounts by the 5th business day of the following month;

Provide an online wire transfer system for transferring money to other institutions, along with appropriate security levels for wire

transfer initiations and approvals;

Provide an online computer balance reporting system, with information on collected, available and closing balances, as well as a

detail of total debits and credits posted to the account for the previous day, by 8:00 a.m. Central Daylight Time each business day;

Provide an online reporting system that shows current day ACH credits and debits, by 5:00 p.m. Central Daylight Time each

business day;

Provide deposit reporting by location via an auxiliary MICR field or other means;

Provide an upload feature for Positive Pay with exception reporting/return of unknown items;

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Provide for on-line stop-pay look-up and notification

Image record retention for at least seven (7) years; and

Provide support in answering questions, trouble-shooting problems and resolving issues in a prompt manner

.

ACH Debit Services: The Park District processes a direct debit batch weekly for the payment of certain expenses. As noted below, the

Park District also processes direct deposits of payroll bi-weekly. Other miscellaneous ACH transactions such as debt service, pension and

tax payments flow through the Operating Account each month.

Credit/Debit Card Services: The awardee will provide the Park District with the ability to accept payment through the use of credit/debit

cards. The Park District currently accepts MasterCard, American Express, Discover and Visa credit cards for most Park District services

in person or on-line. This may expand for other types of collections as well. The Park District currently has [ten (10)] locations managed

by private vendors that accept credit cards, with the possibility of more locations in the future. The Park District will be credited daily for

the gross amount of the bank card transactions. Any sales discount fee or percentage proposed will be billed at the end of each month as

part of the activity charges.

Direct Deposit for Payroll: The Park District pays its non-seasonal and seasonal employees bi-weekly on every other Friday and offers

and encourages direct-payroll deposit. On an average payroll, 2,630 non-seasonal employees receive direct deposit, which generates

3,449 transactions per pay period and 3,908 seasonal employees receive direct deposit, which generates 5,282 transactions per pay

period. The transactions are due to many employees having multiple bank account transfers of up to three different accounts and/or banks.

Currently, the Park District transmits the payroll data to the clearing house by 9:00 a.m. two working days prior to payday. Deposits must

be made available into each employee’s account by 8:00 a.m. on payday. Any deviation from these time limits must be stated in the

proposal. Any proposer with less restrictive time requirements may be given favorable consideration.

From time to time the Park District may need to transmit the payroll data one day prior to the pay date. We are therefore requesting bids

on both a one-day and two-day turnaround. The Park District is interested in what the deadlines for transmission are for both situations.

Purchasing Cards: The Park District currently utilizes a purchasing card program for making routine purchases in lieu of the normal

requisition/purchase order mode of operations. Currently, the Park District uses two (2) credit cards: one (1) for routine general purchases

and one (1) for expenses of the Park District’s Wellness Program.

Banking Supplies: The awardee will provide tamper proof plastic deposit bags.

Night Depository Services: The awardee will provide the Park District with the ability to make “night-drop‟ deposits after business hours.

The Park District currently uses tamper-resistant plastic bags for this function.

Overdraft Protection: Although the Park District will attempt to minimize overdraft situations, it recognizes that there are times these

situations will occur. Please note, however, that an overdraft has not occurred within the last 7 years.

Data Equipment Compatibility: The Park District is interested in equipment and data compatibility and therefore requests the

specifications needed for an automated wire transfer, ACH debit & credit, credit card, balance reporting and any other automated systems

be included in the proposal. Any costs associated with automated data and equipment, if any, should be identified on the Pricing Sheet

form in Section 9 (F).

Miscellaneous Optional Services: In addition to the requirements listed above, the proposal shall identify proposed fees for other services

provided by the bank that would be beneficial to the Park District but have not specifically been addressed. Please itemize on the Pricing

Sheet form in Section 9 (F).

SERVICES NOT PROVIDED

In the event that the proposer does not provide all requested services included in this RFP, the proposer will submit as part of its proposal

additional subcontractors/providers who do provide such services. It is the sole responsibility of the proposer to secure and maintain the

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relationship with any additional subcontractors/providers. The proposer, at the time of bid submittal, will identify all secondary

subcontractors/providers.

RFP TECHNICAL REQUIREMENTS

The purpose of the RFP technical requirements is to demonstrate the qualifications, competence, and capacity of submitters. As such, the

substance of Proposals will carry more weight than their form or manner of presentation. The Proposal should demonstrate the qualifications

and experience of the bank, the bank’s solvency and capitalization and the experience of the particular banking staff to be assigned to the

Park District as the contact for banking services.

The technical Proposal should address all the points outlined in the RFP. The Proposal should be prepared simply and economically, providing

a straightforward, concise description of the submitter's capabilities to satisfy the requirements of the Scope of Services. While additional data

may be presented, items Nos. A through E, must be included in the technical Proposal. They represent the criteria against which the Proposal

will be evaluated.

The submitter must demonstrate that it has been providing banking services described in SCOPE OF SERVICES.

Responses should be on 8 ½ x 11-inch paper with a font size no smaller than 10. Page limits are indicated for each section.

The Park District will not be liable for any costs incurred by any submitter in connection with preparing their Proposal.

The below elements must be included in each technical Proposal. If the information is not included, the Proposal will be considered non-

responsive and may be eliminated from consideration.

A. Minimum Qualifications

In order to be eligible for consideration for selection to provide primary banking services to the Park District, submittal Forms

B and C and the “Description of the Bank” must substantiate that the submitter meets the following minimum

qualifications:

1. Authority to offer banking services. Institution must hold a charter from either the United States Government or the State

of Illinois and provide proof of registration as a National Bank from the Office of the Comptroller of the Currency (OCC) or

as a State Bank from the Illinois Department of Financial & Professional Regulation.

2. Access to the Federal Reserve System. Institution must be a member of (or have access to) the Federal Reserve System

and its services.

3. Legal Compliance. The bank must be in material compliance with all applicable laws, rules, regulations, and ordinances

of the Park District, the City, the State of Illinois, and the United States.

4. Illinois Public Funds Investment Act. The bank must be a qualified depository for public funds in Illinois and must be in

compliance with Illinois Department of Financial & Professional Regulation, Division of Banking rules and regulations as

well as the Park District’s Investment Policy attached as an exhibit to this RFP.

5. Local banking office. Institution must have an established office or local branch within the City. Provide a proximity chart

showing the location of the bank’s Chicago headquarters and branches to the following Park District parks, which will

make daily deposits:

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LIST OF PARKS

Park Name Building Name Address

ABBOTT (ROBERT) Abbott Park Fieldhouse 31 E 95TH ST

ADA (SAWYER GARRETT) Ada Park Fieldhouse 11250 S ADA ST

ADAMS (GEORGE & ADELE) Adams Park Fieldhouse 1910 N KENMORE AVE

ALTGELD (JOHN) Altgeld Park Fieldhouse 515 S WASHTENAW AVE

AMUNDSEN (ROALD) Amundsen Park Fieldhouse 6200 W BLOOMINGDALE AVE

ANDERSON (LOUIS) Recreation Building 3734 S PRAIRIE AVE

ARCHER (WILLIAM BEATTY) Archer Park Fieldhouse 4901 S KILBOURN AVE

ARMOUR (PHILIP) SQUARE Armour Square Fieldhouse 3309 S SHIELDS AVE

ATHLETIC FIELD Athletic Field Park Fieldhouse 3623 N CENTRAL PARK AVE

AUGUSTA (CARPENTER) Augusta Park Fieldhouse 4431 W AUGUSTA BLVD

AUSTIN TOWN HALL Austin Town Hall 5610 W LAKE ST

AVALON Avalon Park Fieldhouse 1215 E 83RD ST

AVONDALE Avondale Park Fieldhouse 3516 W SCHOOL ST

BACK OF THE YARDS Back of the Yards Park Fieldhouse 1300 W 49TH PL

BARRETT (CHARLES) Barrett Park Fieldhouse 2008 W CERMAK RD

BELL (GEORGE,JR.) Bell Park Fieldhouse 3005 N NEWCASTLE AVE

BERGER Berger Park Fieldhouse 6205 N SHERIDAN RD

BESSEMER (HENRY) Bessemer Park Fieldhouse 8930 S MUSKEGON AVE

BEVERLY Beverly Park Fieldhouse 2460 W. 102nd

BLACKHAWK Blackhawk Park Fieldhouse 2318 N LAVERGNE AVE

BOGAN (WILLIAM) Bogan Park Fieldhouse 8101 S PULASKI RD

BOSLEY (WILLIAM) Bosley Park Fieldhouse 3044 S BONFIELD ST

BRADLEY (JOSEPHINE) Bradley Park Fieldhouse 9727 S YATES AVE

BRAINERD Brainerd Park Fieldhouse 1246 W 92ND ST

BRANDS Brands Park Fieldhouse 3285 N ELSTON AVE

BROADWAY ARMORY Broadway Armory 5917 N BROADWAY

BROOKS (OSCAR) Brooks Park Fieldhouse 7100 N HARLEM AVE

BURNHAM (DANIEL) 41st Street Beach House 4100 South Along Lakefront Trail, East of LSD

BURNHAM (DANIEL) 31st Street Beach House North of 31st Street

CALIFORNIA McFETRIDGE SPORTS CENTER 3801 N CALIFORNIA AVE

CALUMET Calumet Park Fieldhouse 9801 S AVENUE G

CALUMET Calumet Beach House 10000 South, East of Avenue G

CARVER (GEORGE WASHINGTON) Carver Park Fieldhouse 939 E 132ND ST

CHASE (SALMON) Chase Park Fieldhouse 4725 N ASHLAND AVE

CHICAGO WOMEN'S PARK AND GARDENS Chicago Women's Fieldhouse 1801 S INDIANA AVE

CHIPPEWA Chippewa Park Fieldhouse 6758 N SACRAMENTO AVE

CHOPIN (FREDERIC) Chopin Park Fieldhouse 3420 N LONG AVE

CLARENDON COMM. CTR. Clarendon Community Center 4501 N CLARENDON AVE

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CLARK (JOHN) Clark Park Fieldhouse 4615 W JACKSON BLVD

CLARK (RICHARD) WMS Boathouse at Clark Park 3400 N ROCKWELL

COLE (NAT KING) Cole Park Fieldhouse 8500 S DR MARTIN LUTHER KING JR DR

COLUMBUS (CHRISTOPHER) Columbus Park Fieldhouse 500 S CENTRAL AVE

COMMERCIAL CLUB PGD. of CHICAGO Commercial Club Fieldhouse 1845 W RICE ST

COOPER (JACK) Cooper Park Fieldhouse 1332 W 117TH ST

CORNELL (PAUL) SQUARE Cornell Square Fieldhouse 5000 S WOOD ST

CRAGIN Cragin Park Fieldhouse 2611 N LOCKWOOD AVE

DAVIS (DR. NATHAN) SQUARE Davis Square Fieldhouse 1653 W 44TH ST

DAWES (CHARLES G.) Dawes Park Fieldhouse 8040 S DAMEN AVE

DONOVAN (GEORGE) Donovan Park Fieldhouse 3620 S LITUANICA AVE

DOUGLAS (STEPHEN) Douglas Park Fieldhouse 1401 S SACRAMENTO DR

DUNHAM (ROBERT) Dunham Park Fieldhouse 4630 N MELVINA AVE

DVORAK (ANTON) Dvorak Park Fieldhouse 1119 W CULLERTON ST

ECKHART (BERNARD) Eckhart Park Fieldhouse 1330 W CHICAGO AVE

EDISON (THOMAS ALVA) Edison Park Fieldhouse 6755 N NORTHWEST HWY

ELLIS (SAMUEL) Arts and Recreation Center at Ellis Park 3520 S COTTAGE GROVE

EMMERSON (LOUIS) Emmerson Park Fieldhouse 1820 W GRANVILLE

EUCLID Euclid Park Fieldhouse 9800 S PARNELL AVE

FERNWOOD Fernwood Park Fieldhouse 10436 S WALLACE ST

FIELD (EUGENE) Field Park Fieldhouse 5100 N. Ridgeway Ave.

FOSCO (PETER) Fosco Park Fieldhouse 1312 S RACINE AVE

FOSTER (J. FRANK) Foster Park Fieldhouse 8300 S LOOMIS BLVD

FRANKLIN (BENJAMIN) Franklin Park Fieldhouse 1449 S KOLIN AVE

FULLER (MELVILLE) Fuller Park Fieldhouse 331 W 45TH ST

GAGE (GEORGE) Gage Park Fieldhouse 2411 W 55TH ST

GALEWOOD Galewood Park Recreation Building 5737 W BLOOMINGDALE AVE

GARFIELD (JAMES) Golden Dome Fieldhouse 100 N CENTRAL PARK DR

GILL (JOSEPH) Gill Park Fieldhouse 825 W SHERIDAN RD

GLADSTONE (WILLIAM) Gladstone Park Fieldhouse 5421 N MENARD AVE

GOMPERS (SAMUEL) Gompers Park Fieldhouse 4222 W FOSTER AVE

GRAND CROSSING Grand Crossing Fieldhouse 7655 S INGLESIDE AVE

GRANT (ULYSSES) Maggie Daley Park Fieldhouse 337 E Randolph St

GRAVER (PHILIP) Graver Park Fieldhouse 1500 W 102ND PL

GREEN BRIAR Green Briar Park Fieldhouse 2650 W PETERSON AVE

GROSS (THEODORE) Gross Park Fieldhouse 2708 W LAWRENCE AVE

HAAS (JOSEPH) Haas Park Fieldhouse 2402 N WASHTENAW AVE

HALE (NATHAN) Hale Park Fieldhouse 6140 S MELVINA AVE

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HAMILTON (ALEXANDER) Hamilton Park Fieldhouse 513 W 72ND ST

HAMLIN (HANNIBAL) Hamlin Park Fieldhouse 3035 N HOYNE AVE

HARRIS (HARRIET) Harris Park Fieldhouse 6200 S DREXEL AVE

HARRISON (CARTER) Harrison Park Fieldhouse 1824 S WOOD ST

HAYES (FRANCIS) Hayes Park Fieldhouse 2936 W 85TH ST

HERMITAGE Hermitage Park Fieldhouse 5839 S WOOD ST

HERMOSA Hermosa Park Fieldhouse 2240 N KILBOURN AVE

HIAWATHA Hiawatha Park Fieldhouse 8029 W FOREST PRESERVE AVE

HOLLYWOOD Hollywood Park Fieldhouse 3312 W THORNDALE AVE

HOLSTEIN Holstein Park Fieldhouse 2200 N OAKLEY AVE

HOMAN SQUARE COMM. CTR. Homan Square Community Center 3517 W ARTHINGTON ST

HORNER (HENRY) Horner Park Fieldhouse 2741 W MONTROSE AVE

HOYNE (THOMAS) Hoyne Park Fieldhouse 3417 S HAMILTON AVE

HUMBOLDT (ALEXANDER VON) Humboldt Park Field House 1400 N HUMBOLDT DR

INDEPENDENCE Independence Park Fieldhouse 3945 N SPRINGFIELD AVE

INDIAN BOUNDARY Indian Boundary Fieldhouse 2500 W LUNT AVE

INDIAN ROAD Indian Road Park Fieldhouse 6010 W MATSON AVE

JACKSON (ANDREW) Jackson Park Fieldhouse 6401 S STONY ISLAND AVE

JACKSON (ANDREW) 57th Street Beach House

JACKSON (ANDREW) 63rd Street Bathing Pavilion 6245 S. Lake Shore Drive

JEFFERSON (THOMAS) MEML. Jefferson Park Fieldhouse 4822 N LONG AVE

JENSEN (CHRIST) Haugen Middle School 4600 N LAWNDALE AVE

KEDVALE Kedvale Park Fieldhouse 4134 W HIRSCH ST

KELLY (EDWARD) Kelly Park Fieldhouse 2724 S FAIRFIELD AVE

KELVYN (WILLIAM) Kelvyn Park Fieldhouse 4438 W WRIGHTWOOD AVE

KENNEDY (DENNIS) Kennedy Park Fieldhouse 11320 S WESTERN AVE

KENNICOTT (JONATHAN) Kennicott Park Fieldhouse 4434 S LAKE PARK AVE

KEN-WELL Ken-Well Fieldhouse 2941 N KENOSHA AVE

KENWOOD COMM. Kenwood Park Fieldhouse 1330 E 50TH ST

KILBOURN Kilbourn Park Fieldhouse 3501 N KILBOURN AVE

KING (MARTIN LUTHER, JR.) Martin Luther King, Jr. Family Entertainment Center 7600 S RACINE AVE

KOSCIUSZKO (THADEUZ) Kosciuszko Park Fieldhouse 2732 N AVERS AVE

LA FOLLETTE (ROBERT) La Follette Park Fieldhouse 1333 N LARAMIE AVE

LAKE SHORE LAKE SHORE PARK FIELDHOUSE 808 N LAKE SHORE DR

LAWLER (MICHAEL) Lawler Park Fieldhouse 5210 W 64TH ST

LE CLAIRE COURTS - HEARST COMM. CTR Le Claire-Hearst Fieldhouse 5120 W 44TH ST

LEONE (SAM) BEACH Leone Beach Park Fieldhouse 7205 N SHERIDAN RD

LINCOLN (ABRAHAM) MARGATE FIELDHOUSE 4921 N MARINE DR

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LINCOLN (ABRAHAM) North Avenue Beach House 1501 N Lake Shore Dr

LINCOLN (ABRAHAM) Lincoln Park Boathouse 2341 N CANNON DR

LINCOLN (ABRAHAM) Montrose Beach House 200 W Montrose Harbor Drive

LINCOLN (ABRAHAM) Osterman Beach House 5800 N. Lake Shore Dr.

LINCOLN (ABRAHAM) Foster Beach House 660 W FOSTER AVE

LINCOLN (ABRAHAM) Lincoln Park Cultural Center 2045 N LINCOLN PARK

LINCOLN (ABRAHAM) South Athletic Fieldhouse 1721 N Stockton Dr

LINDBLOM (ROBERT) Lindblom Park Fieldhouse 6054 S DAMEN AVE

LOWE (SAMUEL) Lowe Park Fieldhouse 5205 S LOWE AVE

LOYOLA Loyola Park Fieldhouse 1230 W GREENLEAF AVE

MANDRAKE (HENRY BROWN) Abraham Lincoln Centre 3858 S COTTAGE GROVE AVE

MANN (JAMES) Mann Park Fieldhouse 13000 S CARONDOLET AVE

MARQUETTE (JACQUES) MARQUETTE PARK FIELD HOUSE 6700 S KEDZIE AVE

MATHER (STEPHEN TYNG) Mather Park Fieldhouse 5941 N RICHMOND ST

MAYFAIR Mayfair Park Fieldhouse 4520 W SUNNYSIDE AVE

MCGUANE (JOHN) McGuane Park Fieldhouse 2901 S POPLAR AVE

MCKIERNAN (DAVID) McKiernan Park Fieldhouse 10714 S SAWYER AVE

MCKINLEY (WILLIAM) MCKINLEY PARK FIELD HOUSE 2210 W PERSHING RD

MERRIMAC Merrimac Park Fieldhouse 6343 W IRVING PARK RD

MEYERING (WILLIAM) Meyering Park Fieldhouse 7140 S DR MARTIN LUTHER KING JR DR

MINUTEMAN Minuteman Park Fieldhouse 5940 S CENTRAL AVE

MOORE (MAURICE) Moore Park Fieldhouse 5085 W ADAMS ST

MORAN (TERRANCE) Moran Park Fieldhouse 5727 S RACINE AVE

MOUNT GREENWOOD Mount Greenwood Park Fieldhouse 3711 W 111TH ST

MOZART (AMADEUS) Mozart Park Fieldhouse 2036 N AVERS AVE

MOZART (AMADEUS) Recreation Building 3840 W ARMITAGE AVE

MUNROE (ROY) Munroe Park Fieldhouse 2617 W 105TH ST

MURRAY (DAVID) Murray Park Fieldhouse 1743 W 73RD ST

NASH (DON) COMM. CTR. Don Nash Community Center 1833 E 71ST ST

NICHOLS (JOHN FOUNTAIN) Murray School 1355 E 53RD ST

NORMANDY Normandy Park Fieldhouse 6640 W 52ND ST

NORTH PARK VILLAGE NATURE CENTER North Park Village Nature Center 5801 N PULASKI RD

NORTHERLY ISLAND 12TH Street Beach Concession

NORTHERLY ISLAND Northerly Island Visitor Center (Fieldhouse) 1521 S LINN WHITE DR

NORWOOD Norwood Park Fieldhouse 5801 N NATOMA AVE

OAKDALE Oakdale Park Fieldhouse 965 W 95TH ST

OGDEN (WILLIAM) Ogden Park Fieldhouse 6500 S RACINE AVE

O'HALLAREN (BERNARD) O'Hallaren Park Fieldhouse 8335 S HONORE ST

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OLYMPIA Olympia Park Fieldhouse 6566 N AVONDALE AVE

ORIOLE Oriole Park Fieldhouse 5430 N OLCOTT AVE

OWENS (JESSE) Owens Park Fieldhouse 8800 S CLYDE AVE

PALMER (POTTER) PALMER PARK FIELD HOUSE 201 E 111TH ST

PARK NO. 571 Eleanor Boat House 2754 S ELEANOR

PARK NO. 577 Morgan Park Sports Center 11505 S WESTERN AVE

PASCHEN (CHRISTIAN) Pachen Park Fieldhouse 1932 W LUNT AVE

PASTEUR (LOUIS) Pasteur Park Fieldhouse 5825 S KOSTNER AVE

PETERSON (PEHR SAMUEL) Peterson Park Fieldhouse 5801 N PULASKI RD

PIETROWSKI (SYLVESTER) Pietrowski Park Fieldhouse 9650 S AVENUE M

PIOTROWSKI (LILLIAN) Piotrowski Park Fieldhouse 4247 W 31ST ST

PORTAGE Portage Gymnasium Building 4101 N CENTRAL AVE

PORTAGE Portage Park Fieldhouse 4100 N LONG AVE

POTTAWATTOMIE Pottawattomie Park Fieldhouse 7340 N ROGERS AVE

PULASKI (CASIMER) Pulaski Park Fieldhouse 1419 W BLACKHAWK ST

RAINBOW BEACH Rainbow Beach Park Fieldhouse 2873 E 75TH ST

RAINBOW BEACH Rainbow Beach Beach House 2873 E 75TH ST

REVERE (PAUL) Revere Fieldhouse 2509 W IRVING PARK RD

RIDGE Ridge Park Fieldhouse 9625 S LONGWOOD DR

RIIS (JACOB) Riis Park Fieldhouse 6100 W FULLERTON AVE

RIVER River Park Fieldhouse 5100 N FRANCISCO AVE

ROBICHAUX (JOSEPH) Robichaux Park Fieldhouse 9247 S EGGLESTON AVE

ROBINSON (JACKIE) Rec Building 1021 W 106TH ST

ROGERS (PHILLIP) Rogers Park Fieldhouse 7345 N WASHTENAW AVE

ROSEDALE Rosedale Park Fieldhouse 6312 W ROSEDALE AVE

ROWAN (WILLIAM) Rowan Park Fieldhouse 11546 S AVENUE L

RUSSELL (MARTIN) SQUARE Russell Square Fieldhouse 3045 E 83RD ST

RUTHERFORD SAYRE Rutherford Sayre Fieldhouse 6851 W BELDEN AVE

SAUGANASH Sauganash Park Fieldhouse 5861 N KOSTNER AVE

SCHREIBER Schreiber Park Fieldhouse 1552 W SCHREIBER AVE

SCOTTSDALE Scottsdale Park Fieldhouse 4558 W 83RD PL

SENKA (EDWARD "DUKE") SANDOVAL SCHOOL 5534 S ST LOUIS AVE

SEWARD (WILLIAM) Seward Park Fieldhouse 363 W ELM ST

SHABBONA Shabbona Park Fieldhouse 6915 W ADDISON ST

SHEDD (JOHN G.) Shedd Park Fieldhouse 3650 W 23RD ST

SHEIL (BERNARD) COMM. CTR. Sheil Community Center 3507 N SOUTHPORT AVE

SHERIDAN (PHILIP HENRY) Sheridan Park Fieldhouse 900 S ABERDEEN ST

SHERMAN (JOHN) Sherman Park Fieldhouse 1301 W 52ND ST

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SHERWOOD (JESSE) Sherwood Park Fieldhouse 5701 S SHIELDS AVE

SIMONS (ALMIRA) Simons Park Fieldhouse 1636 N DRAKE AVE

SKINNER (MARK) Skinner Park Fieldhouse 1330 W ADAMS ST

SMITH (JOSEPH HIGGINS) Smith Park Fieldhouse 2540 W GRAND AVE

SMITH (WENDELL) Smith Park Fieldhouse 9912 S PRINCETON AVE

SOUTH SHORE CULTL. CTR. SOUTH SHORE CULTURAL CENTER 7059 S SOUTH SHORE DR

STANTON (EDWIN) Stanton Park Fieldhouse 618 W SCOTT ST

STROHACKER (HOWARD) Strohacker Park Fieldhouse 4347 W 54TH ST

TAYLOR (ROBERT ROCHON) Taylor Fieldhouse 37 W 47TH ST

TAYLOR-LAURIDSEN (JOHN, EMIL) Taylor-Lauridsen Fieldhouse 647 W ROOT ST

TILTON (GEORGE) Marconi Elementary 230 N KOLMAR AVE

TOM (PING) MEML. Leonard M. Louie Fieldhouse 1700 S. Wentworth

TOUHY (PATRICK) Recreation Building 7348 N PAULINA ST

TOUHY-HERBERT (JOHN, VICTOR) Touhy-Herbert Fieldhouse 2106 W ADAMS ST

TRUMBULL (LYMAN) Trumbull Park Fieldhouse 2400 E 105TH ST

TULEY (MURRAY) Tuley Park Fieldhouse 501 E 90TH PL

UNION Union Park Fieldhouse 1501 W RANDOLPH ST

VALLEY FORGE Valley Forge Fieldhouse 7021 W 59TH ST

VETERANS' MEMORIAL Veterans' Memorial Fieldhouse 2820 E 98TH ST

VITTUM (HARRIET ELIZABETH) Vittum Park Fieldhouse 5010 W 50TH ST

WARREN (LAURENCE) Warren Park Fieldhouse 6621 N WESTERN AVE

WASHINGTON (GEORGE) Washington Fieldhouse 5531 S DR MARTIN LUTHER KING JR DR

WASHTENAW Recreation Building 2521 S WASHTENAW AVE

WELLES (GIDEON) Welles Park Fieldhouse 2333 W SUNNYSIDE AVE

WENTWORTH (JOHN) GARDENS Wentworth Gardens Fieldhouse 3802 S WENTWORTH AVE

WEST CHATHAM West Chatham Fieldhouse 8223 S PRINCETON AVE

WEST LAWN West Lawn Fieldhouse 4235 W 65TH ST

WEST PULLMAN West Pullman Fieldhouse 401 W 123RD ST

WHITE (WILLYE B.) Willye White Fieldhouse 1610 W HOWARD

WHITE (EDWARD) Edward White Elementary 1120 W 122ND ST

WHITE (JESSE) Jesse White Community Center & Fieldhouse 410 W CHICAGO AVE

WICKER (CHARLES, JOEL) Wicker Park Fieldhouse 1425 N DAMEN AVE

WILDWOOD Wildwood Park Fieldhouse 6950 N HIAWATHA AVE

WILLIAMS (DANIEL HALE) Williams Park Fieldhouse 2820 S STATE ST

WILSON (FRANK) Wilson Park Fieldhouse 4630 N MILWAUKEE AVE

WILSON (JOHN) Wilson Park Fieldhouse 1122 W 34TH PL

WILSON (JOHN) COMM. CTR. Wilson Community Center 3223 S RACINE AVE

WOLFE (RICHARD) Wolfe Park Fieldhouse 3325 E 108TH ST

WOODHULL (ROSS) Woodhull Park Fieldhouse 7300 S EAST END AVE

WRIGHTWOOD Wrightwood Park Fieldhouse 2534 N GREENVIEW AVE

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B. Cover Letter and Description of the Bank (no more than 3 pages)

1. Provide a brief description of the bank, including the number of banking staff providing banking services to Chicago-based

issuers, State of Illinois or local governments in Illinois. Explain how the bank’s operations are organized and how its

resources will be applied to the Park District.

2. Describe your bank’s commitment to provide banking services to state and local governments in Illinois.

3. Indicate the location of the bank’s corporate headquarters and the location from which work will be provided to the Park

District.

4. Please indicate if the bank has an office in the City; if so, please list the type of office(s) as well as the number of full-time

employees working within the City limits. If personnel split their time between multiple offices, use the employee’s place

of primary residence to determine whether they are based in Chicago.

5. Please describe your firm’s recent involvement in Park District programs and parks.

6. The Park District is interested in and encourages the participation of local minority and woman owned businesses in

providing banking services. State the bank’s utilization of Minority-owned (MBE), Women-owned (WBE), Minority and

Woman-owned (MWBE) or Disabled Veteran (DVBE) Business Enterprise businesses and, if applicable, the bank’s

certification and the organization certifying its MBE, WBE, MWBE or DVBE status.

C. Experience and Qualifications (no more than 25 pages)

Please provide responses to the items below in the order presented.

1. Provide the names of individuals, with phone numbers and e-mail addresses, who will be working on the proposed

services and their areas of responsibility including their specific experience relative to the RFP requirements.

2. Submit at least three (3) references (preferably from current local government customers) who can attest to the

bank’s experience as it relates to providing banking services. The references must include contact name, title,

address, e-mail address, telephone number and services used, and the number of years the bank has been

providing such services.

3. Describe the bank’s community participation/reinvestment program including your Community Reinvestment Act (CRA)

rating or provide proof of an Illinois rating of “Satisfactory” or “Outstanding” for CRA compliance.

4. Describe the bank’s customer service philosophy and organizational structure and provide meaningful examples to

illustrate.

5. Provide the following reports and information about the bank in an attachment or online access:

a. Monthly account analysis

b. Monthly bank statement

c. Monthly merchant services report

d. Two (2) most recent fiscal years of audited financial statements

e. One copy of each of the four most recent quarterly call reports (Consolidated Report of Condition and Income

required to be completed by the Federal Financial Institution Examination Council)

f. SEC and/or S&P credit rating or comparable rating

6. Provide a funds availability schedule. Describe one (1) day, two (2) day availability and wire requirements.

7. Describe your balance reporting systems and availability. a. What hardware/software does the bank use to deliver balance and transaction detail information?

b. What time is previous day information available for access by the customer?

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c. What are the hours of access of the balance reporting system?

d. Does the bank provide current day information?

i. How frequently is this information updated throughout the day?

ii. What transaction types are available on current day reports?

e. Describe the level of detail provided in previous and current day reports?

f. How many days of history can be accessed through the system?

g. In what format is information available?

h. Provide a sample printout of the daily on-line balance information.

8. ACH Services: a. What is the recommended service delivery method (i.e. direct transmission, online, or other)?

i. What are the hardware/software requirements?

ii. What training does the bank provide to its government customers?

iii. Does the software offer the ability to manage security and access levels by user? iv. What report options are available? v. What controls are in place to protect against lost files and duplications of transmissions?

vi. Does the bank provide automatic file receipt acknowledgements? If so, how? vii. Describe the role of any third-party processor used by the bank to provide this service?

b. What are the hours of operation of the ACH unit?

c. What are the bank’s cut-off times for customer initiation of ACH transactions?

d. Describe the procedures used to verify accurate and secure receipt of transmissions. e. Can the bank automatically redeposit items returned for insufficient or uncollected funds?

f. How does the bank handle file, batch, and item reversals and deletions?

9. Positive Pay

a. What is the recommended service delivery method (i.e. direct transmission, online, or other.)? i. What are the hardware/software requirements?

b. What controls are in place to protect against lost files and duplications of transmissions? c. Does the bank provide automatic file receipt acknowledgements? If so, how?

d. Describe the role of any third-party processor used by the bank to provide this service? e. What is the bank’s deadline for transmitting files/data?

f. What is the process for notifying the bank of a single check or small check run outside of the regular batch file? g. How does the Park District notify the bank of voided and stop payment checks?

h. Does your bank have payee verification?

i. Is the positive pay service fully implemented at all bank branches?

j. How does the bank handle exception (“paid not issued”) items?

i. Does the bank offer a daily listing of exception items? ii. Are there defaults available for each account to either automatically return or pay on exception items? iii. What is the timeline for reporting exceptions to the Park District?

iv. How are exceptions reported to the Park District? Will an image be available?

v. What is the timeline for the Park District to act on any exceptions?

vi. What are the hours of operation of this service unit?

10. Merchant Card Services: a. Provide a funds availability schedule by card type. Is it negotiable?

b. What is the settlement deadline?

c. What daily and/or monthly reconciliation reports are available?

d. Do you offer recurring billing processing?

11. AP Credit Card Revenue Sharing a. Does the bank have a program that shares revenue with its government customers based on the volume of fees the bank collects from AP credit card payments? If so, please describe the revenue share program.

12. Payment of Fees. Respondents will need to provide information on the following:

21

a. The effective rate and formula used to calculate the service charge credit for collected fund balances;

b. The proposed method for setting rates on a compensating certificate of deposit;

c. A time frame proposed to pay any additional fees not offset by service charge credit;

d. Whether a service charge credit/debit can be carried forward to the next period; e. The formula for any fees in the event of an overdraft;

f. Describe what constitutes a daylight and overnight overdraft situation

13. Errors and Adjustments

a. Describe your adjustment process for resolving deposit discrepancies.

b. At what dollar amount do you write off discrepancies?

c. Do you adjust the deposit amount or process an adjusting debit or credit?

14. Describe how inquires requiring research and adjustments are handled by the institution. Are there established turn-

around times for research and adjustment items? If yes, specify.

15. Describe NSF or Returned Items processing procedures, fees or other related services available. The Park District will require re-depositing NSF or uncollected funds returned items so that they may be presented multiple times prior to being charged back.

16. Security/Protection Measures: What security features are in place to minimize the risk of unauthorized transactions?

17. Service Enhancements: Describe any enhancements, technological or otherwise, that we should consider to

improve operational or cash management efficiencies.

18. Discuss your use of the internet in providing services to your municipal/business customers.

19. Provide information on how the bank’s plans to keep your product line competitive. Describe what approach the

bank is taking in the development of new services and what new services and/or features the bank plans to offer

and within what time frame.

20. Disaster Recovery:

a. Describe the bank’s formal disaster recovery plan.

b. How quickly will back-up facilities be activated?

c. Describe your institution’s operating capabilities to assist the Park District in the event of a disaster or declared

emergency.

21. Implementation Plan: Provide a detailed description of the implementation process, including testing, and a sample implementation schedule.

22. List the address and hours of operation at your nearest branch office and the hours of operation for non-branch services to the Park District’s Headquarters and its parks.

23. Discuss any special conditions, other fees, other services, or deviations from the requested scope.

. D. Legal and Firm Issues (no more than 2 pages)

1. Please disclose and explain any significant negative events in the bank’s recent history including criminal charges,

civil litigation, or administrative actions involving allegations of securities or banking law violations by the bank or its employees during the past five years. Please comment on the resolution and/or status of the actions.

2. Are there any other lines of business conducted by the bank that could complement or conflict with your role on Park

District transactions? Please disclose any arrangements that might present an actual or apparent conflict of interest

22

with this role.

3. Disclose any existing or contemplated relationship with any other person or entity, including relationships with Park District staff, which would constitute an actual or potential conflict of interest in connection with the rendering of services detailed in this RFP. If a conflict does or might exist, please describe how the bank would resolve the conflict.

E. Additional Information

Provide any additional information that you deem appropriate as the Park District reviews the bank’s qualifications.

End of Scope of Services

23

GENERAL CONDITIONS

These General Conditions form a part of the RFP, proposals and contract documents.

DEFINITIONS Addendum (plural addenda) means an addition, correction, deletion, or modification of or to this specification, issued to prospective submitters prior to the date and time Proposals are due. General Superintendent means the General Superintendent and CEO of the Chicago Park District. The General Superintendent shall represent and act for the Park District in all matters pertaining to this RFP in conjunction therewith. The term General Superintendent shall include any person designated in writing by the General Superintendent to act in his/her stead with respect to this contract and shall also include, with respect to any actions taken prior to the award of the banking services agreement, the Treasurer. Losses means, individually and collectively, liabilities of every kind, including losses, damages, and reasonable costs, payments, and expenses (such as, but not limited to, court costs and reasonable attorneys’ fees and disbursements), claims, demands, actions, suits, proceedings, judgments, or settlements, any or all of which in any way arise out of or relate to any act, error, or omission of submitter, submitter’s breach of the Agreement, or submitter’s negligent or otherwise wrongful acts or omissions or those of its officers, agents, employees, consultants, subcontractors, or licensees. I. COMPLIANCE WITH ALL LAWS

A. Each Submitter covenants that it shall comply with all applicable laws, ordinances, executive orders and regulations of the federal, state, local and city government, which may in any manner affect the performance of primary banking services shall abide by the “Conduct Prohibited” provisions of the Park District Code, IV, B.

B. Non-compliance with the above is grounds for termination of the Award and the banking services agreement. Other sanctions may be imposed, and remedies invoked, as otherwise provided by law.

II. NON-DISCRIMINATION

A. Each Submitter covenants that it shall comply with the Illinois Human Rights Act, 775 ILCS 5/1-101 et seq., as amended, and any rules and regulations promulgated in accordance therewith, including, but not limited to the Equal Employment Opportunity Clause, Illinois Administrative Code, Title 44, Part 750 (Appendix A), which is incorporated herein by reference. Furthermore, the awardee shall comply with the Public Works Employment Discrimination Act, 775 ILCS 10/0.01 et seq., as amended.

B. In the event a bank is selected by the Park District to provide primary banking services, during the performance of such services, it agrees that it shall not discriminate against any worker, employee or applicant, or any member of the public, on the basis of race, color, religion, sex, national origin, ancestry, age, marital status, physical or mental disability, unfavorable discharge from military services, parental status, or sexual orientation. Upon request of the Park District, the firm also agrees to submit in writing a plan demonstrating compliance with equal employment opportunity laws and Park District policy requiring equal employment opportunity to all. In the event a bank is selected by the Park District to provide primary banking services, during the term of such services, the bank shall complete and submit the most recent MBE/WBE/MWBE/DVBE Certification (if applicable), as requested to do so by the Park District.

III. ETHICAL CONDUCT. Any effort to influence any public employee to breach the standards of ethical conduct constitutes

a breach of ethical standards. It shall be a breach of ethical standards for any person to offer, give or agree to give any employee or former employee, or for any employee or former employee to solicit, demand, accept, or agree to accept from another person, a gratuity or an offer of employment in connection with any decision, approval, disapproval, recommendation, preparation of any part of a program requirement or a purchase request, influencing the content of any specification or procurement standard, rendering of advice, investigation, or in any other solicitation or proposal therefore.

24

IV. CONFLICTS OF INTEREST

A. No member of the governing body of the Park District or other unit of government and no other officer, employee, or agent of the Park District or other unit of government who exercises any functions or responsibilities in connection with the carrying out of the project shall have any personal interest, direct or indirect, in the contract.

B. The Submitter covenants that it presently has no interest and shall not acquire any interest, direct or indirect, in the project to which the contract pertains which would conflict in any manner or degree with the performance of its work hereunder. The Submitter further covenants that, in its performance of the contract, no person having any such interest shall be employed.

V. NON-COLLUSION. Neither the bank nor its agents, employees, officers and any subcontractors, has been engaged in or

been convicted of collusion activities as defined on the Signature Page submitted with the Proposal. VI. PROHIBITION OF ASSIGNMENT. The bank shall not delegate the performance of any obligation of the primary banking

services to any third party, or subcontract or assign such services, in whole or in part, except as provided in the RFP and identified in the proposal. Such delegation shall not relieve the bank of its responsibility to ensure the proper performance of such delegated banking services.

VII. DISPUTES. In the event any questions or disputes as to the meaning or requirements of anything in this contract arise, the matter shall at once be referred for consideration and decision to the General Superintendent of the Park District, who shall reduce his/her decision to writing and who shall mail or otherwise furnish a copy to the awardee(s). The decision of the General Superintendent shall be final and binding.

VIII. CHANGE OF ADDRESS OR BUSINESS INFORMATION. The Treasurer must be notified immediately in writing of any change of address of the bank, or change in name and/or ownership, or of any change in the bank’s business organization as described in the Economic Disclosure Statement submitted with the Proposal.

EVIDENCE OF INSURANCE

RATING OF INSURANCE COMPANIES

The insurance company or companies providing the required coverage during the entire term of the contract shall be satisfactory to the Park District and shall carry a minimum policyholder rating of not less than “A” as listed in Best’s Key Rating Guide.

CERTIFICATES OF INSURANCE

Each submitter of a Proposal shall furnish to the Treasurer, Chicago Park District, 541 North Fairbanks Court, 6th Floor, Chicago, IL 60611, original certificates of insurance evidencing the required coverage, in force on the due date of the Proposal, and renewal certificates of insurance or some such similar evidence if the coverages have an expiration or renewal date occurring during the term of the Award.

The receipt of any certificate does not constitute agreement by the Park District that the insurance requirements under for providing primary banking services have been fully met or that the insurance policies indicated on the certificate are in compliance with all of the contract requirements. The failure of the Park District to obtain certificates or other insurance evidence from a submitter shall not be construed as a waiver of the requirements by the Park District.

NAMED INSURED

Except for Workman’s Compensation and Professional Liability, the awardee shall make the Chicago Park District, its Commissioners, Board members, officers, agents, and employees, individually and collectively, an additional insured.

TYPES AND LIMITS [CONFIRM]

Worker’s Compensation Insurance and Employer’s Liability insurance: in accordance with the laws of the State of Illinois, with statutory amounts covering all employees who are to provide a service under this agreement, with limits of not less than $500,000 for each accident or illness.

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Commercial General Liability Insurance: on an occurrence basis or equivalent with limits of not less than $1,000,000 per

occurrence, combined single limit, and $2,000,000 aggregate, including but not limited to bodily injury, personal injury, property

damage, products/completed operation, contractual liability, cross liability and severability of interest. The Chicago Park District

is to be named as an additional insured.

Automobile Liability Insurance: When any motor vehicles are used in connection with work to be performed under this contract, the awardee or his subcontractors (if any) shall provide $1,000,000 combined single limit per occurrence for bodily injury and property damage. Hired and non-owned vehicle coverage is to be included with any owned vehicle coverage. The Chicago Park District is to be named as an additional insured.

Professional Liability Insurance: with limits of liability no less than $2,000,000.

Excess (Umbrella) Liability Insurance: with limits of liability no less than $5,000,000.

The Park District reserves the right to modify, delete, alter or change these requirements.

End of General Conditions

26

PROPOSAL EXECUTION

NOTICE

A person or persons legally authorized to bind the submitter to a contract must sign the Proposal.

IF THE SUBMITTER IS A CORPORATION

The Proposal shall be signed in the name of the corporation by the President or CEO or designee of the company and shall be properly notarized. The Proposal shall show the state in which the corporation is chartered. If it is a foreign corporation, the Proposal shall show whether or not it is licensed to transact business in Illinois.

If someone other than the President or CEO signs the Park District requires the inclusion of satisfactory evidence (copies of corporate bylaws, resolutions, or power of attorney) that the person signing the Proposal is properly authorized to execute contracts.

IF THE SUBMITTER IS A LIMITED LIABILITY COMPANY

The Proposal shall be signed in the name or style under which the organization is doing business, by all of the members, unless one member has been authorized to sign for the limited liability company, in which case evidence of such authority satisfactory to the Treasurer must also be submitted.

End of PROPOSAL Execution

27

PROPOSAL CONTENTS

The Proposal must contain the following:

1. PROPOSAL TECHNICAL REQUIREMENTS (Pages 12-22) 2. FORMS, in the following order:

a. SIGNATURE PAGE (Receipt by the submitter of addenda or supplements to this Proposal must be acknowledged on the Proposal’s Signature Page.)

b. LICENSE, REGISTRATION, ETC. c, CRA COMPLIANCE d. ECONOMIC DISCLOSURE STATEMENT & AFFIDAVIT

e. BANK CONTACTS

f. PRICING SHEET g. KEY PROVISIONS OF BANKING SERVICES AGREEMENT h. MBE/WBE/WMBE VERIFICATION OF CERTIFICATION, IF APPLICABLE

3. CERTIFICATIONS AND LICENSES: Provide a copy of

a. The bank’s Illinois Certificate of Good Standing

b. The bank’s insurance certificate (or Letter of Insurability from the insurance carrier, evidencing the coverages and limits required for this contract)

c. Any/all of the firm’s licenses/registrations that are required by the State of Illinois, the City of Chicago, the Comptroller of the Currency, the FDIC and the Federal Reserve to transact business and perform banking services

d. Provide names, addresses, and phone numbers of at least three (3) governmental references for whom your firm has provided banking services described in the SCOPE OF SERVICES AND SERVICES REQUIRED

End of PROPOSAL Contents

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PROPOSAL PACKAGING AND DELIVERY

THE BANK’S PROPOSAL SHOULD HAVE THREE (3) SECTIONS, AS LISTED ON PAGE [21].

1. PROPOSAL TECHNICAL REQUIREMENTS

2. FORMS

3. CERTIFICATIONS AND LICENSES

COPYING THE PROPOSAL

A. The original

Before the original (of all 3 sections) is signed, make one copy. Have both the original and the copy signed (see Proposal Execution, p. 19). Both must have original signatures. These will be the two (2) required originals. Mark each as “ORIGINAL.”

B. The copies

Make five (5) copies of the signed original of Section 1 Forms, Section 2 Certifications & Licenses and Section 3 Proposal Technical Requirements for a total of five (5) sets. These copies also may be provided as five (5) CDs (NOT DVDs).

PACKAGING THE PROPOSAL

A. THE ORIGINALS

(1) Package the two signed originals together into one package. Do not use comb or spiral binding on originals. Binder

clips are acceptable.

(2) Label package clearly “ORIGINALS” and add your firm’s name.

B. THE COPIES

Package together the five (5) sets of copies (or CDs) of Section 1 Forms, Section 2 Certifications & Licenses, and Section 3 Proposal Technical Requirements. Label package clearly “FORMS & Proposal for Banking Services” and add your firm’s name.

C. THE TOTAL PROPOSAL SUBMITTAL

One package of two originals and the one package of five (5) copies must be sealed in or secured as one package or box.

(1) The submittal package or box must be clearly marked with the Request title and the Proposal due date.

Do not put your company’s name and address on the submittal package or box.

(2) If you submit your Proposal via a delivery service (U. S. Mail, FedEx, UPS, DHL, etc.) you must indicate on the package

that it is a Proposal. The package or box must be clearly marked with the RFP title and number and the Proposal due date.

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DELIVERING THE PROPOSAL

A. Deliver the Proposal to the Treasury Department, Attention: Treasurer, 6th floor, on or before the due date and time specified.

(1) The submitter is responsible for ensuring timely delivery to the Treasury Department.

(2) Proposals sent via United States mail or other delivery services will be considered only if they are received in the

Treasury Department before the specified time on the due date. The Park District does not guarantee that Proposals received in the building by mail or other delivery services will be delivered to the Treasury Department before the 4:00 p.m. deadline.

(3) The Treasury Department's clock controls the time, not the submitter's.

B. LATE PROPOSALS WILL NOT BE ACCEPTED.

End of PROPOSAL Packaging and Delivery

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EVALUATION AND SELECTION PROCESS

In general terms, the evaluation / selection process has three phases.

PHASE I

The Treasury Department will initially review each Proposal received to determine whether or not the Proposal is responsive to the Proposal.

Responsiveness: To be deemed responsive, the Proposal must contain all required and appropriately-signed forms, information, documents, and certifications listed in sections 1, 2, and 3 of the Proposal Contents and, for comparative purposes, the completed forms must be those supplied in this RFP. The Park District will not accept any reformatted or re-created versions of these forms.

A PROPOSAL may be deemed non-responsive and eliminated from consideration if any of the following occur:

1. The Signature Page is not signed.

2. Someone other than the President or other senior officer of your firm signs the Signature Page, and you do not include acceptable legal proof that the signer is authorized.

3. Addenda are issued, and you fail to acknowledge receipt of the addenda on the Signature Page.

4. You do not submit the required three-part Proposal.

5. Any other required documents are lacking.

PHASE II

All responsive and compliant Proposals are forwarded to the Proposal’s Evaluation Committee (EC).

The EC is typically composed of Park District staff. It is also possible for an EC to include outside parties as either voting or non-voting members.

The EC has the sole responsibility and power to determine the qualifications and capabilities of the submitter, and other factors.

Evaluation Criteria

The Park District intends to review Proposals and will select a bank to provide primary banking services based on compliance with all legal and regulatory criteria, demonstrated service to its clients, analysis and ideas provided, capital resources, status as women, minority or disabled veteran owned and managed enterprise and/or ability to address the Park District’s credit and financing needs. The Park District reserves the right to seek supplemental information about the account structure, specific financing ideas, analysis or pricing prior to selecting one or more financial services providers. Proposals will be evaluated based on the following criteria: 1. The submitter must be an established bank with the qualifications and experience necessary for the satisfactory performance

of the primary banking services required by the Proposal and must possess all appropriate licenses and certifications that are issued by the various federal, state, and local agencies and the Federal Reserve pertaining to the banking industry. Experience must include projects of similar scope and magnitude.

2. The quality and comprehensiveness of the submitter’s proposed services and the extent to which it meets the stated requirements set out in this RFP.

3. The submitter’s understanding of the services must be clear and comprehensive; the Proposal must demonstrate the submitter’s ability to achieve the Park District’s goals, with the submitter’s overall strategy, methodology, and approach apparent; and all other submitted elements identified in the Proposal’s Contents section should be clear, relevant, and comprehensive.

4. The submitter must have verifiably good past and present performance providing primary banking services in terms of quality of services, responsiveness and compliance with law. The Park District may solicit relevant information concerning the submitter’s record of performance from current and previous clients, or from any other available sources.

5. Key personnel committed to the Park District must have verifiable professional qualifications and experience in performing

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banking services.

6. The submitter must have the ability to begin and perform banking services in a timely manner, and the capacity to provide all services.

7. The submitter must be financially stable.

8. Legal actions, if any, against the submitter and any division, subsidiary or parent company of the submitter, or against any member, partner, etc., of the submitter if the submitter is a business entity other than a corporation.

9. The degree to which the submitter accepts the terms and conditions contained in the General Conditions.

No Proposals will be accepted from (or banking services awarded to) any firm that is in arrears or is in default with the Park District upon any debt or contract, or that is a defaulter, as surety or otherwise, upon any obligation to Park District, or has failed to perform faithfully on any previous contract with the Park District.

The EC will consider any information that may indicate any conflicts (or potential conflicts) of interest which might compromise the submitter’s ability to satisfactorily perform the proposed services or undermine the integrity of the competitive procurement process. If any arise the submitter may be removed consideration. Additionally, if any submitter has provided services for the Park District in researching, consulting, advising, drafting, or reviewing of this Proposal, the submitter may be removed from consideration.

PHASE III

Once the EC has reviewed the Proposals, they have several options. They may (1) recommend the Award; (2) reject one, some, or all Proposals; (3) ask one, some, or all submitters to clarify information contained in their Proposals, or to supply more detail; (4) ask one, some, or all submitters to answer additional questions; (5) invite one, some, or all submitters to appear before the committee, either for an interview, oral presentation, or demonstration; or (6) any combination of 2 through 5.

If, as described above, the submitter is asked to clarify or provide additional information, the submitter must do so within a reasonable time, as determined by the Treasurer or her designee.

Recommendation: At the end of their evaluation, the EC will recommend a bank to be awarded the banking services agreement. Their recommendation will be forwarded to the Park District General Superintendent for review and final approval of the bank to be selected. Upon approval of the General Superintendent.

Ongoing Compliance with Minimum Qualifications

To remain the awardee of providing primary banking services to the Park District, the awardee must meet the minimum qualifications described in Section 3. at all times.

Removal An awardee may be removed, and the banking services agreement terminated for reasons, including but are not limited to, the following:

1. unacceptable performance in providing banking services as determined by an evaluation by the Park District; 2. failure to continue to meet the minimum qualifications listed under Section III.A;

3. failure to maintain federal, state, City and FDIC registrations, licenses, or memberships necessary for providing banking services;

4. being the subject of, or failure to disclose, any litigation, arbitration, or disciplinary action by the FDIC, OCC, SEC, FINRA, the Illinois Banking Commission, or other official body;

5. filing for protections under federal or state bankruptcy laws;

6. being the subject of, or failure to disclose, any criminal action; and

7. failure to submit annual disclosure reports in a timely manner.

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End of Evaluation and Selection Process

33

PROPOSAL SUBMITTAL FORMS

REMOVE AND COMPLETE ALL FORMS. SIGN AND NOTARIZE WHERE REQUIRED.

ADD OTHER DOCUMENTS LISTED ON PAGE 19, IF APPLICABLE

34

SIGNATURE PAGE

This submission is to be completed and executed in accordance with the stated provisions.

IF SOMEONE OTHER THAN THE PRESIDENT SIGNS, submit a copy of the company's by-laws, a resolution, or power of attorney

demonstrating that person's authority to bind the company contractually.

The undersigned hereby certifies that they have read and understand the contents of this solicitation and agree to furnish at the prices shown any or all of the services or items stated herein, subject to all instructions, terms, conditions, schedules, specifications and attachments hereto, except only to the extent that the submitter has taken express written exception in this Proposal. Failure to have read and understood all of the provisions of this solicitation shall not be cause to alter the resulting Award. Submitter agrees that this Proposal shall be good and may not be modified or withdrawn for a period of 120 calendar days after the scheduled closing time for receipt of Proposals.

Criminal Code: By signing this document, the submitter hereby certifies that they are not barred from submitting a Proposal as a result of engaging in or being convicted of: (a) bid-rigging in violation of Section 3; or (b) bid rotating in violation of Section 4, of the Illinois Criminal Code of 1971, as amended (720 ILCS, 5/33E-3 and 4), or any similar offenses of any state of the United States. A submitter who makes a false statement material to this certification commits a Class 3 felony.

Anti-Collusion: The submitter of this Proposal hereby certifies that such Proposal was not made in the interest of or on behalf of any undisclosed person, partnership, company collusive or sham, and that said has not been a party to any agreement or collusion among submitters or prospective submitters in restraint of freedom of competition by agreement to propose a fixed price, or otherwise, or to refrain from proposing, and has not, directly or indirectly, by agreement, communication or conference with anyone, attempted to induce action prejudicial to the interest of the Chicago Park District or of any submitter or anyone else interested in the Proposal.

Business Organization:

Partnership Limited Liability Company Corporation; State of Incorporation:

Submitter: (Print or Type Name of Business)

Signature: Date: (Written Signature of President or Authorized Officer/Representative)

Name/Title:

(Printed or Type Name and Title of President or Authorized Officer/Representative)

Address:

(Print or Type Business Address)

NOTARY SEAL

City/State/Zip: (Print or Type City, State and Zip Code)

Telephone #: Fax #:

NOTARY:

SUBMITTERS MUST ACKNOWLEDGE RECEIPT OF ALL ADDENDA (IF ANY) BELOW.

Submitter acknowledges receipt of addenda: Number

Dated

35

CRA

COMPLIANCE

Chicago Park District

Treasury Department

Provide the Bank’s most recent CRA performance evaluation prepared by the Office of the Comptroller of the Currency.

36

ECONOMIC DISCLOSURE STATEMENT & AFFIDAVIT

WHO MUST SUBMIT AN EDS

APPLICANTS: Any individual or entity (the "Applicant') making an application to the Park District for action requiring approval of the Park District’s Board of Commissioners (“Board of Commissioners”). ENTITIES HOLDING AN INTEREST IN THE APPLICANT: Generally, whenever an ownership interest in the Applicant (for example, shares of stock of the Applicant or a limited partnership interest in the Applicant) is held or owned by a legal entity (for example, a corporation or partnership, rather than an individual) each such legal entity must also file an EDS on its own behalf, and any parent of that legal entity must do so until individual owners are disclosed. However, if an entity filing an EDS is a corporation (or a direct or indirect, wholly-owned subsidiary of such corporation) whose shares are registered on a national securities exchange pursuant to the Securities Exchange Act of 1934 as amended, only those shareholders that own ten percent (10%) or more of that filing entity's stock must file EDSs on their own behalf. REQUIREMENT: The Chicago Park District (the "Park District") requires disclosure of the information requested in this Economic Disclosure Statement and Affidavit ("EDS") before any Park District action may be taken regarding the matter that is the subject of this EDS. Please fully complete each statement, with all information current as of the date this EDS is signed. If a question is not applicable, answer with "N.A." An incomplete EDS will be returned and any Park District action will be interrupted. EXECUTION: Please print or type all responses clearly and legibly. Add additional pages if needed, being careful to identify the portion of the EDS to which each additional page refers. ACKNOWLEDGMENT OF POSSIBLE CREDIT AND OTHER CHECKS: By completing and filing this EDS, the Undersigned acknowledges and agrees, on behalf of itself and the entities or individuals named in this EDS that the Park District may investigate the creditworthiness of some or all of the entities or individuals named in this EDS.

CERTIFYING THIS EDS: Execute the certification on the date of the initial submission of this EDS. You may be asked to re-certify this EDS on the last page as of the date of submission of any related ordinance to the Board of Commissioners, or as of the date of the closing of your transaction.

PUBLIC DISCLOSURE: It is the Park District's policy to make this document available to the public on its internet site and/or upon request.

SECTION 0: GENERAL INFORMATION Date this EDS is completed: 1. Who is submitting this EDS? That individual or entity will be the "Undersigned" throughout this EDS.

NAME OF ENTITY OR INDIVIDUAL

NOTE: The Undersigned is the individual or entity submitting this EDS, whether the Undersigned is an Applicant or is an entity holding an interest in the Applicant. This EDS requires certain disclosures and certifications from Applicants that are not required from entities holding an interest in the Applicant. When completing this EDS, please observe whether the section you are completing applies only to Applicants.

[ ] Check here if the Undersigned is filing this EDS as an Applicant [ ] Check here if the Undersigned is filing as an entity holding an interest in an Applicant.

Please identify the Applicant in which this entity holds an interest:

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2. Business address of the Undersigned: 3. Telephone: Fax: E-mail: 4. Name of contact person: ____ 5. Tax identification number (optional): 6. Brief description of contract, transaction or other undertaking (referred to below as the "Matter") to which this EDS pertains.

(Include project number and location if applicable):

SECTION I: DISCLOSURE OF OWNERSHIP INTERESTS A. NATURE OF ENTITY 1. Indicate whether the Undersigned is an individual or legal entity:

[ ] Individual [ ] Business corporation [ ] Sole proprietorship [ ] Limited Liability Company [ ] Joint venture [ ] General partnership [ ] Limited partnership

[ ] Not-for-profit corporation Is the not-for-profit corporation also a 501(c)(3)? [ ] Yes [ ] No [ ] Other entity (please specify) _____________________________________________ 2. State of incorporation or organization, if applicable:

3. For legal entities not organized in the State of Illinois: Is the organization authorized to do business in the State of Illinois

as a foreign entity?

[ ] Yes [ ] No [ ] N/A

B. ORGANIZATION INFORMATION 1. IF THE UNDERSIGNED IS A CORPORATION:

a. Year of incorporation:

b. List below the names and titles of all executive officers and all directors of the corporation. For not-for-profit corporations, also list below any executive director of the corporation, and indicate all members, if any, who are legal entities. If there are no such members, write "no members."

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Name Title

c. If the Undersigned is a corporation (or a direct or indirect wholly owned subsidiary of such corporation) whose

shares are registered on a national securities exchange pursuant to the Securities Exchange Act of 1934, please provide the following information concerning shareholders who own shares equal to or in excess of 7.5% of the corporation's outstanding shares.

Name Business Address Percentage Interest

d. For corporations that are not registered on a national securities exchange pursuant to the Securities

Exchange Act of 1934, list below the name, business address and percentage of ownership interest of each shareholder.


2. IF THE UNDERSIGNED IS A PARTNERSHIP OR JOINT VENTURE:

For general or limited partnerships or joint ventures: list below the name, business address and percentage of ownership interest of each partner. For limited partnerships, indicate whether each partner is a general partner or a limited partner.


3. IF THE UNDERSIGNED IS A LIMITED LIABILITY COMPANY:

a. List below the name, business address and percentage of ownership interest of each member and manager. If there are no managers, write "no managers," and indicate how the company is managed.


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b. List below the names and titles of all officers, if any. If there are no officers, write "no officers." Name Title

4. IF THE UNDERSIGNED IS A LAND TRUST, BUSINESS TRUST, ESTATE OR OTHER SIMILAR ENTITY

a. List below the name and business address of each individual or legal entity holding legal title to the property that is the subject of the trust.


b. List below the name, business address and percentage of beneficial interest of each beneficiary on whose

behalf title is held.


5. IF THE UNDERSIGNED IS ANY OTHER LEGAL ENTITY First describe the entity, and then provide the name, business address, and the percentage of interest of all individuals or legal

entities having an ownership or other beneficial interest in the entity.

Describe the entity:


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SECTION II: BUSINESS RELATIONSHIPS WITH PARK DISTRICT AND CHICAGO PARKS FOUNDATION OFFICIALS A. DEFINITIONS AND DISCLOSURE REQUIREMENT

1. The Undersigned must indicate whether it had a "business relationship" with a Park District Commissioner and/or Chicago Parks Foundation Board Member in the twelve (12) months before the date this EDS is signed.

2. For the purposes of this EDS, a "business relationship" means any contractual or other private business dealing of a

Commissioner and/or Board Member, or his or her spouse, or of any entity in which the Commissioner and/or Board Member or his or her spouse has a financial interest with a person or entity which entitles the Commissioner and/or Board Member to compensation or payment in the amount of $2,500 or more during the prior twelve months; but a "financial interest" does not include: (a) any interest of the spouse or of an employee or Commissioner and/or Board Member which interest is related to the spouse’s independent occupation, profession, or employment; (b) any ownership through purchase at fair market value or inheritance of less than 1% of the shares of a corporation, or any corporate subsidiary, parent or affiliate thereof, regardless of the value of or dividends on such shares, if such shares are registered on a securities exchange pursuant to the Securities Exchange Act of 1934, as amended; (c) the authorized compensation paid to an Employee, Commissioner, and/or a Board Member for his office or employment; (d) any economic interest not distinguishable from the economic interests of the public generally; (e) a time or demand deposit in a financial institution; (f) a money market mutual fund account; or (g) an endowment or insurance policy or annuity contract purchased from an insurance company. A “contractual or other private business dealing" does not include any employment relationship of a Commissioner’s and/or Board Member’s spouse with an entity when such spouse has no discretion concerning or input relating to the relationship between that entity and the Park District and/or Chicago Parks Foundation.

B. CERTIFICATION

1. Has the Undersigned had a "business relationship" with a Park District Commissioner and/or Chicago Parks Foundation Board Member in the twelve (12) months before the date this EDS is signed?

[ ] Yes [ ] No

If yes, please identify below the name(s) of the Park District Commissioner(s) and/or Chicago Parks Foundation Board Member(s) and describe the relationship(s):

SECTION III: DISCLOSURE OF RETAINED PARTIES A. DEFINITIONS AND DISCLOSURE REQUIREMENTS

"Lobbyist" means any person (1) who, for compensation or on behalf of any person other than himself, undertakes to influence any legislative or administrative action, or (2) any part of whose duty as an employee of another includes undertaking to influence any legislative or administrative action.

1. The Undersigned must disclose certain information about attorneys, lobbyists, accountants, consultants,

subcontractors, and any other person whom the Undersigned has retained or expects to retain in connection with the Matter. In particular, the Undersigned must disclose the name of each such person, his/her business address, the nature of the relationship, and the total amount of the fees paid or estimated to be paid. The Undersigned is not required to disclose employees who are paid solely through the Undersigned's regular payroll.

2. If the Undersigned is uncertain whether a disclosure is required under this Section, the Undersigned must ask the Park District’s Director of Purchasing whether disclosure is required or make the disclosure.

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B. CERTIFICATION

Each and every attorney, lobbyist, accountant, consultant, subcontractor, or other person retained or anticipated to be retained directly by the Undersigned with respect to or in connection with the Matter is listed below [begin list here, add sheets as necessary]:

Name (indicate whether retained or anticipated to be retained)

Business Address

Relationship to Undersigned (attorney, lobbyist, etc.)

Fees (indicate whether paid or estimated)

[ ] Check here if no such individuals have been retained by the undersigned or are anticipated to be retained by the undersigned.

SECTION IV: CERTIFICATIONS A. CERTIFICATION OF COMPLIANCE

For purposes of the certifications in this Section IV, the term "affiliate" means any individual or entity that, directly or indirectly: controls the Undersigned, is controlled by the Undersigned, or is, with the Undersigned, under common control of another individual or entity. Indicia of control include, without limitation: interlocking management or ownership; identity of interests among family members; shared facilities and equipment; common use of employees; or organization of a business entity following the ineligibility of a business entity to do business with the federal government or a state or local government, including the Park District and the City of Chicago, using substantially the same management, ownership, or principals as the ineligible entity.

1. The Undersigned is not delinquent in the payment of any tax administered by the Illinois Department of Revenue, nor

are the Undersigned or its affiliates delinquent in paying any fine, fee, tax or other charge owed to the City of Chicago or the Park District. This includes all water charges, sewer charges, license fees, parking tickets, property taxes or sales taxes. If there are any such delinquencies, note them below:

If the letters "NA," the word "None," or no response appears on the lines above, it will be conclusively presumed that the Undersigned certified to the above statements.

2. The Undersigned and its affiliates have not, in the past five (5) years, been found in violation of any Park District, City,

state or federal environmental law or regulation. If there have been any such violations, note them below:


3. If the Undersigned is the Applicant, the Undersigned and its affiliates will not use, nor permit their subcontractors to

use, any facility on the U.S. EPA's List of Violating Facilities in connection with the Matter for the duration of time that such facility remains on the list.

42

4. If the Undersigned is the Applicant, the Undersigned will obtain from any contractor/ subcontractor hired or to be hired in connection with the Matter certifications equal in form and substance to those in this Section IV, and will not, without the prior written consent of the Park District, use any such contractor/subcontractor that does not provide such certifications or that the Undersigned has reason to believe has not provided or cannot provide truthful certifications.

5. If the Undersigned is unable to make the certifications required in Section IV, A, provide an explanation:


B: CHILD SUPPORT OBLIGATIONS: CERTIFICATION REGARDING COURT - ORDERED CHILD SUPPORT COMPLIANCE

For purposes of this part, "Substantial Owner" means any individual who, directly or indirectly, owns or holds a 10% or more interest in the Undersigned. Note: This may include individuals disclosed in Section One (Disclosure of Ownership Interests), and individuals disclosed in an EDS filed by an entity holding an interest in the Applicant.

If the Undersigned's response below is #1 or #2, then all of the Undersigned's Substantial Owners must remain in compliance with any such child support obligations until the Matter is completed. Failure of the Undersigned's Substantial Owners to remain in compliance with their child support obligations in the manner set forth in either #1 or #2 constitutes an event of default.

Check one:

____1. No Substantial Owner has been declared in arrearage on any child support obligations by the Circuit Court of Cook County, Illinois or by another Illinois court of competent jurisdiction.

____2. The Circuit Court of Cook County, Illinois or another Illinois court of competent jurisdiction has issued an order declaring one or more Substantial Owners in arrearage on child support obligations. All such Substantial Owners, however, have entered into court-approved agreements for the payment of all such child support owed, and all such Substantial Owners are in compliance with such agreements.

____3. The Circuit Court of Cook County, Illinois or another Illinois court of competent jurisdiction has issued an order declaring

one or more Substantial Owners in arrearage on child support obligations and (a) at least one such Substantial Owner has not entered into a court-approved agreement for the payment of all such child support owed; or (b) at least one such Substantial Owner is not in compliance with a court approved agreement for the payment of all such child support owed; or both (a) and (b).

____4. There are no Substantial Owners.

C. FURTHER CERTIFICATIONS

For purposes of this part, "Affiliated Entity" means an individual or entity that, directly or indirectly, controls the Undersigned, is controlled by the Undersigned, or is, with the Undersigned, under common control of another individual or entity. Indicia of control include, without limitation, interlocking management or ownership; identity of interests among family members; shared facilities and equipment; common use of employees; or organization of a business entity following the ineligibility of a business entity to do business with federal or state or local government or unit thereof, including the Park District and the City of Chicago, using substantially the same management, ownership, or principals as the ineligible entity. With respect to Applicable Parties, the term Affiliated Entity means an individual or entity that directly or indirectly controls the Applicable Party, is controlled by it, or, with the Applicable Party, is under common control of another individual or entity; any responsible official of the Undersigned; any Applicable Party or any Affiliated Entity or any other official, agent or employee of the Undersigned; any Applicable Party or any Affiliated Entity acting pursuant to the direction or authorization of a responsible official of the Undersigned; any Applicable Party or any Affiliated Entity (collectively "Agents").

1. The Undersigned and, if the Undersigned is a legal entity, its principals (officers, directors, partners, members,

managers, executive director):

43

a. are not presently debarred, suspended, proposed for debarment, declared ineligible or voluntarily excluded

from any transactions by any federal, state or local unit of government; b. have not, within a five-year period preceding the date of this EDS, been convicted of a criminal offense,

adjudged guilty, or had a civil judgment rendered against them in connection with: obtaining, attempting to obtain, or performing a public (federal, state or local) transaction or contract under a public transaction; a violation of federal or state antitrust statutes; fraud; embezzlement; theft; forgery; bribery; falsification or destruction of records; making false statements; or receiving stolen property;

c. are not presently indicted for or otherwise criminally or civilly charged by a governmental entity (federal, state

or local) with commission of any of the offenses enumerated in C.1.b of this section; d. have not, within a five (5) year period preceding the date of this EDS, had one or more public transactions

(federal, state or local) terminated for cause or default; and e. have not, within a five (5) year period preceding the date of this EDS, been convicted, adjudged guilty, or

found liable in a civil proceeding, in any criminal or civil action instituted by the Park District, City of Chicago or by the federal government, any state, or any other unit of local government.

2. Neither the Undersigned, nor any Applicable Party, nor any Affiliated Entity of either the Undersigned or any Applicable

Party nor any Agents have, during the five (5) years before the date this EDS is signed, or, with respect to an Applicable Party, an Affiliated Entity, or an Affiliated Entity of an Applicable Party during the five (5) years before the date of such Applicable Party's or Affiliated Entity's contract or engagement in connection with the Matter:

a. bribed or attempted to bribe, or been convicted or adjudged guilty of bribery or attempting to bribe, a public

officer or employee of the Park District, the City of Chicago, the State of Illinois, or any agency of the federal government or of any state or local government in the United States of America, in that officer's or employee's official capacity

b. agreed or colluded with other bidders or prospective bidders, or been a party to any such agreement, or been

convicted or adjudged guilty of agreement or collusion among bidders or prospective bidders, in restraint of freedom of competition by agreement to bid a fixed price or otherwise; or

c. made an admission of such conduct described in (1) or (2) above that is a matter of record, but have not been

prosecuted for such conduct.

3. The Undersigned understands and shall comply with (a) all applicable requirements of Governmental Ethics under Park District Code, and (b) all the applicable provisions of the Park District Purchasing and Contracting Code.

4. Neither the Undersigned, Affiliated Entity or Applicable Party, or any of their employees, officials, agents or partners, is

barred from contracting with any unit of state or local government as a result of engaging in or being convicted of (a) bid-rigging in violation of 720 ILCS 5/33E-3; (b) bid-rotating in violation of 720 ILCS 5/33E-4; or (c) any similar offense of any state or of the United States of America that contains the same elements as the offense of bid-rigging or bid-rotating.

5. If the Undersigned is unable to certify to any of the above statements in this Part C, the Undersigned must explain

below:


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D. CERTIFICATION OF STATUS AS FINANCIAL INSTITUTION

For purposes of this Part IV, the term "financial institution" means a bank, savings and loan association, thrift, credit union, mortgage banker, mortgage broker, trust company, savings bank, investment bank, securities broker, municipal securities broker, securities dealer, municipal securities dealer, securities underwriter, municipal securities underwriter, investment trust, venture capital company, bank holding company, financial services holding company, or any licensee under the Consumer Installment Loan Act, the Sales Finance Agency Act, or the Residential Mortgage Licensing Act. However, "financial institution" specifically shall not include any entity whose predominant business is the providing of tax deferred, defined contribution, or pension plans to public employees in accordance with Sections 403(b) and 457 of the Internal Revenue Code.

1. CERTIFICATION

The Undersigned certifies that the Undersigned [check one] ______ is ______ is not

a "financial institution" as defined above.

2. AS THE UNDERSIGNED IS A FINANCIAL INSTITUTION, THEN THE UNDERSIGNEDREPRESENTS, WARRANTS AND COVENANTS:

“We are not and will not become a predatory lender as defined in Chapter 2 -32 of the Municipal Code of the City of Chicago. We further pledge that none of our affiliates is, and none of them will become, a predatory lender as defined in Chapter 2-32 of the Municipal Code. We understand that becoming a predatory lender or becoming an affiliate of a predatory lender may result in the loss of the privilege of doing business with the Park District." If the Undersigned is unable to make this pledge because it or any of its affiliates (as defined in Section 2-32- 455(b) of the Municipal Code) is a predatory lender within the meaning of Chapter 2-32 of the Municipal Code of the City of Chicago, explain here (attach additional pages if necessary):


E. CERTIFICATION REGARDING INTEREST IN PARK DISTRICT BUSINESS

Any words or terms defined in Park District Code have the same meanings when used in this Part IV.

1. Does any Commissioner, Chicago Parks Foundation Board Member, Employee of the Park District, or Employee of the Chicago Parks Foundation have a financial interest in his or her own name or in the name of any other person in the Matter?

[ ] Yes [ ] No

NOTE: If you answered "No" to Item IV.E.1, you are not required to answer Items IV.E.2 or IV.E.3 below. Instead, review the certification in Item IV.E.4 and then proceed to Part V. If you answered "Yes" to Item IV.E.1, you must first respond to Item IV.E.2 and provide the information requested in Item IV.E.3. After responding to those items, review the certification in Item IV.E.4 and proceed to Part V.

2. Unless sold pursuant to a process of competitive bidding, no Park District Commissioner, Chicago Parks Foundation Board

Member, Employee of the Park District, or Employee of the Chicago Parks Foundation shall have a financial interest in his or her own name or in the name of any other person in the purchase of any property that (a) belongs to the Park District, or (b) is sold for taxes or assessments, or (c) is sold by virtue of legal process at the suit of the Park District (collectively, "Park District Property Sale"). Compensation for property taken pursuant to the exercise of any power of eminent domain does not constitute a financial interest within the meaning of this Part IV.

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Does the Matter involve a Park District Property Sale? [ ] Yes [ ] No

3. If you answered "yes" to Item IV.E.1, provide the names and business addresses of the Park District Commissioners, Chicago Parks Foundation Board Members, Employees of the Park District, or Employees of the Chicago Parks Foundation having such interest and identify the nature of such interest:

Name Business Address Nature of Interest

4. The Undersigned further certifies that no prohibited financial interest in the Matter will be acquired by any Park District Commissioner, Chicago Parks Foundation Board Member, Employee of the Park District, or Employee of the Chicago Parks Foundation.

SECTION V: CERTIFICATIONS FOR FEDERALLY - FUNDED MATTERS

A. CERTIFICATION REGARDING LOBBYING

1. List below the names of all individuals registered under the federal Lobbying Disclosure Act of 1995 who have made lobbying contacts on behalf of the Undersigned with respect to the Matter: [Begin list here, add sheets as necessary]:

If no explanation appears or begins on the lines above, or if the letters "NA" or if the word “None" appear, it will be conclusively presumed that the Undersigned means that NO individuals registered under the Lobbying Disclosure Act of 1995 have made lobbying contacts on behalf of the Undersigned with respect to the Matter.

2. The Undersigned has not spent and will not expend any federally appropriated funds to pay any individual listed in

Section V.A.1 above, for his or her lobbying activities or to pay any individual to influence or attempt to influence an officer or employee of any agency, as defined by applicable federal law, a member of Congress, an officer or employee of Congress, or an employee of a member of Congress, in connection with the award of any federally funded contract, making any federally funded grant or loan, entering into any cooperative agreement, or to extend, continue, renew, amend, or modify any federally funded contract, grant, loan, or cooperative agreement.

3. The Undersigned will submit an updated certification at the end of each calendar quarter in which there occurs any

event that materially affects the accuracy of the statements and information set forth in parts 1 and 2 above.

If the Matter is federally funded and any funds other than federally appropriated funds have been or will be paid to any individual for influencing or attempting to influence an officer or employee of any agency (as defined by applicable federal law), a member of Congress, an officer or employee of Congress, or an employee of a member of Congress in connection with the Matter, the Undersigned must complete and submit Standard Form-LLL, "Disclosure Form to Report Lobbying," in accordance with its instructions. The form may be obtained online from the federal Office of Management and Budget (OMB) web site at: http://www.whitehouse.qov/omb/qrants/sfillin.pdf, linked on the page http://www.whitehouse.qov/omb/qrants/qrantsforms.html.

4. The Undersigned certifies that either (a) it is not an organization described in section 501(c)(4) of the Internal Revenue

Code of 1986, as amended; or (b) it is an organization described in section 501 (c)(4) of the Internal Revenue Code of 1986, as amended but has not engaged and will not engage in "Lobbying Activities".

46

5. If the Undersigned is the Applicant, the Undersigned must obtain certifications equal in form and substance to Section V.A.1-4 above from all subcontractors before it awards any subcontract and the Undersigned must maintain all such subcontractors' certifications for the duration of the Matter and must make such certifications promptly available to the Park District upon request.

B. CERTIFICATION REGARDING NON-SEGREGATED FACILITIES

1. If the Undersigned is the Applicant, the Undersigned does not and will not maintain or provide for its employees any segregated facilities at any of its establishments and it does not and will not permit its employees to perform their services at any location under its control where segregated facilities are maintained.

"Segregated facilities," as used in this provision, means any waiting rooms,' work areas, restrooms, washrooms, restaurants and other eating areas, time clocks, locker rooms and other storage or dressing areas, parking lots, drinking fountains, recreation or entertainment areas, transportation, and housing provided for employees, that are segregated by explicit directive or are in fact segregated on the basis of race, color, religion, sex, or national origin because of habit, local or employee custom, or otherwise.

However, separated or single-user restrooms and necessary dressing or sleeping areas must be provided to assure privacy between the sexes.

2. If the Undersigned is the Applicant and the Matter is federally funded, the Undersigned will, before the award of

subcontracts (if any), obtain identical certifications from proposed subcontractors under which the subcontractor will be subject to the Equal Opportunity Clause. Contracts and subcontracts exceeding $10,000, or having an aggregate value exceeding $10,000 in any twelve (12) month period, are generally subject to the Equal Opportunity Clause. See 41 CFR Part 60 for further information regarding the Equal Opportunity Clause. The Undersigned must retain the certifications required by this paragraph for the duration of the contract (if any) and must make such certifications promptly available to the Park District upon request.

3. If the Undersigned is the Applicant and the Matter is federally funded, the Applicant will forward the notice set forth below

to proposed subcontractors:

NOTICE TO PROSPECTIVE SUBCONTRACTORS OF REQUIREMENTS FOR CERTIFICATIONS OF NON-SEGREGATED FACILITIES Subcontractors must submit to the Contractor a Certification of Non-segregated Facilities before the award of any subcontract under which the subcontractor will be subject to the federal Equal Opportunity Clause. The subcontractor may submit such certifications either for each subcontract or for all subcontracts during a period (e.g., quarterly, semiannually, or annually).

C. CERTIFICATION REGARDING EQUAL EMPLOYMENT OPPORTUNITY

Federal regulations require prospective contractors for federally funded Matters (e.g., the Applicant) and proposed subcontractors to submit the following information with their bids or in writing at the outset of negotiations. (NOTE: This Part C is to be completed only if the Undersigned is the Applicant.) 1. Have you developed and do you have on file affirmative action programs pursuant to applicable federal regulations?

(See 41 CFR Part 60-2)

[ ] Yes [ ] No [ ] N/A

2. Have you participated in any previous contracts or subcontracts subject to the equal opportunity clause?

[ ] Yes [ ] No [ ] N/A

3. Have you filed with the Joint Reporting Committee, the Director of the Office of Federal Contract Compliance Programs, or the Equal Employment Opportunity Commission all reports due under the applicable filing requirements?

[ ] Yes [ ] No [ ] N/A

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SECTION VI: NOTICE AND ACKNOWLEDGMENT REGARDING PARK DISTRICT ETHICS AND CAMPAIGN FINANCE ORDINANCES The Park District’s Governmental Ethics Code, Chapter III of the Park District Code, imposes certain duties and obligations on individuals or entities seeking Park District contracts, work, business, or transactions. The Undersigned must comply fully with the applicable codes. [ ] By checking this box the undersigned acknowledges and understands that the Park District’s Governmental Ethics Code, among other

things:

A. Provides that any contract negotiated, entered into or performed in violation of the Park District’s Governmental Ethics Code can be voided by the Park District.

B. Limits the gifts and favors any individual or entity can give, or offer to give, to any Park District Commissioner, employee,

contractor or the spouse or minor child of any of them, including:

1. any cash gift or any anonymous gift; and 2. any gift based on a mutual understanding that the Commissioner’s or employee's or Park District contractor's

actions or decisions will be influenced in any way by the gift.

C. Prohibits any Park District Commissioner or employee from having a financial interest, directly or indirectly, in any contract, work, transaction or business of the Park District, if that interest has a cost or present value of $5,000 or more, or if that interest entitles the owner to receive more than $2,500 per year.

D. Prohibits any appointed Park District Commissioner from engaging in any contract, work, transaction or business of the

Park District, unless the matter is wholly unrelated to the appointed official's duties or responsibilities. E. Provide that Park District Commissioners and employees or their spouses or minor children, cannot receive

compensation or anything of value in return for advice or assistance on matters concerning the operation or business of the Park District, unless their services are wholly unrelated to their Park District duties and responsibilities.

F. Provide that former Park District Commissioners and employees cannot, for a period of one year after their Park District

employment ceases, assist or represent another on any matter involving the Park District if, while with the Park District, they were personally and substantially involved in the same matter.

G. Provide that former Park District employees and Commissioners cannot ever assist or represent another on a Park

District contract if, while with the Park District, they were personally involved in or directly supervised the formulation, negotiation or execution of that contract.

SECTION VII: CONTRACT INCORPORATION, COMPLIANCE, PENALTIES, DISCLOSURE THE UNDERSIGNED UNDERSTANDS AND AGREES THAT: A. The certifications, disclosures, and acknowledgments contained in this EDS will become part of any contract or other agreement

between the Applicant and the Park District in connection with the Matter, whether procurement, Park District assistance, or other Park District action, and are material inducements to the Park District's execution of any contract or taking other action with respect to the Matter. The Undersigned understands that it must comply with all statutes, ordinances, and regulations on which this EDS is based.

B. If the Park District determines that any information provided in this EDS is false, incomplete or inaccurate, any contract or other agreement in connection with which it is submitted may be rescinded or be void or voidable, and the Park District may pursue any remedies under the contract or agreement (if not rescinded, void or voidable), at law, or in equity, including terminating the Undersigned's participation in the Matter and/or declining to allow the Undersigned to participate in other transactions with the Park District.

C. Some or all of the information provided on this EDS and any attachments to this EDS may be made available to the public on the

Internet, in response to a Freedom of Information Act request, or otherwise. By completing and signing this EDS, the Undersigned waives and releases any possible rights or claims which it may have against the Park District in connection with the public release of information contained in this EDS and also authorizes the Park District to verify the accuracy of any information submitted in this EDS.

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D. The Undersigned has not withheld or reserved any disclosures as to economic interests in the Undersigned, or as to the Matter, or any information, data or plan as to the intended use or purpose for which the Applicant seeks Park District action.

E. The information provided in this EDS must be kept current. In the event of changes, the Undersigned must supplement this EDS

up to the time the Park District takes action on the Matter.

EDS CERTIFICATION Under penalty of perjury, the person signing below (1) warrants that he/she is authorized to execute this EDS on behalf of the Undersigned, and (2) warrants that all certifications and statements contained in this EDS are true, accurate and complete as of the date furnished to the Park District. Date: (Print or type name of legal entity or individual submitting this EDS) By: (Signature) Print or type name of signatory: Title of signatory: Subscribed to before me on [date] ____________________, at __________________County, _________________________ [state]. Notary Public Commission expires:

SEAL

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DO NOT SUBMIT THIS PAGE WITH YOUR EDS

The purpose of this page is for you to recertify your EDS prior to submission to the Park District or on the date of closing. If unable to recertify truthfully, the Undersigned must complete a new EDS with correct or corrected information.

RECERTIFICATION

Generally, for use with Park District matters. Not for Park District procurements unless requested. This recertification is being submitted in connection with _____________________________ [identify the Matter]. Under penalty of perjury, the person signing below: (1) warrants that he/she is authorized to execute this EDS recertification on behalf of the Undersigned, (2) warrants that all certifications and statements contained in the Undersigned's original EDS are true, accurate and complete as of the date furnished to the Park District and continue to be true, accurate and complete as of the date of this recertification, and (3) reaffirms its acknowledgments. Date: (Print or type name of legal entity or individual submitting this EDS)

By: (sign here)

Print or type name of signatory: Title of signatory: Subscribed to before me on [date] ____________________, at __________________County, _________________________ [state]. Notary Public. Commission expires:

SEAL

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BANK CONTACTS CHICAGO PARK DISTRICT TREASURY DEPARTMENT

Please notify the Park District Treasurer ([email protected]) of any changes to this form.

Chairman of the Board (or comparable position)

Contact to receive all RFPs/PROPOSALs

Name:

Title:

Address: City/State/Zip: Phone:

Fax: Email Address: Chief Executive Officer (or comparable position)

Name: Title: Address: City/State/Zip: Phone:

Fax: Email Address:

Primary Banking Relationship Manager (or comparable EDS Compliance Contact

Name: Name: Title: Title: Address: Address: City/State/Zip: City/State/Zip: Phone: Phone: Fax: Fax: Email Address: Email Address:

Secondary Banking Relationship

Fed Wire (or comparable position)

Name: Name: Title: Title: Address: Address: City/State/Zip: City/State/Zip: Phone: Phone: Fax: Fax: Email Address: Email Address:

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Pricing Sheet

Unit Price

Average Monthly Volume

Monthly Cost

Explanation

Account Services

Daily Overdraft Occurrence Fee 2

Account Maintenance 16

Cash Concentration Maintenance master 1

Cash Concentration Maintenance Sub. 2

Miscellaneous Debit 3

Debit Posted - Electronic 245

Credit Posted - Electronic 995

Statement Cycles 13

Statement Cycles - Enhanced 3

Online Audit Confirmations 16

Post No Checks Maintenance 14

Subtotal

Liquidity Services

Money Market Fund EOD Sweep-Maintenance 1

Subtotal

Banking Center Services

Branch Credits Posted 1,737

Branch Deposit - Immediate Verification 258,078

Branch Deposit - Post Verification 78,443

Branch Order Currency Strap 66

Branch Order Processed 19

Branch Deposit in Non STD Bag 2

Branch Order – Coin Roll 86

Branch Deposit Adjustment 7

Subtotal

Vault Services

Vault Deposit 384

Vault Deposit Non STD Strap - Note 31,098

Vault Deposit STD Strap - Note 650

Vault Deposit Adjustment 5

Subtotal

Depository Services

Credits Posted 415

Check Deposited – ON US 195

Check Deposited - Transit 438

Remote Deposit Capture Item 75

Remote Deposit Capture Maintenance 1

Receivable Maintenance – Online 1

Long Term Storage – Check 500

Return Item 283

Subtotal

Disbursement Services

Check/Debit Posted 1,811

Controlled Disbursement Funding 47

Controlled Disbursement Account Maintenance

1

Controlled Disbursement Check Posted 862

Stop Payment – Electronic 4

Stop Payment Automatic Renewal 41

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Unit Price


Monthly Cost

Explanation

Imaging Maintenance 1

Imaging Storage Per Item 2,669

Image Retrieval Per Retrieve 11

Image Retrieval>91 Day 1

Check Inquiry Maintenance 7

Reconciliation Report/Statement Maintenance 2

Extended Paid Check Data Storage 2,289

Subtotal

Reconciliation Services

Deposit Reconciliation Maintenance 2

Deposit Reconciliation Items 1,647

Positive Pay Maintenance 2

Payee Name Verification 862

Exception Item 22

Check Exception Return 15

Image Capture Per Item 4,459

CD Rom – Per CD 1

CD Rom Maintenance 1

Full Reconciliation – Maintenance 2

Full Reconciliation – Per Item 2,669

Issue Input File with Reconciliation 14

Data Entry - Manual 1

Output File 2

Subtotal

Wire – U.S.

Electronic Fed Debit S/T 2

Electronic Book Debit S/T 1

Fed Credit S/T 15

Chips Credit S/T 1

Book Credit 1

Repetitive Instruction Storage 1

FW Surcharge $10 Million + D/C 1

Fed Transfer Fee 17

Subtotal

Automated Clearing House

ACH Maintenance 1

Bank ACH Maintenance 11

Debit Originated 5

Debit Originated – Bank Online 17

Credit Originated 8,503

Credit Originated – Bank Online 67

ACH Originated Same Day Credit 47

Addenda Record Originated 280

Debit Received 0

Credit Received 0

Return Item 19

Return Notification – Online 11

Notification of Change – Online 117

ACH Batch/File Processed 4

Deletion/Reversal – Elec. 1

Debit Block Maintenance 14

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Unit Price


Monthly Cost

Explanation

ACH ADA Authorized ID 54

ACH Notification of Change 4

Subtotal

Bank Online

Accounts Reported 17

Monthly Service 1

Transactions Reported – 45 Day 1,384

Transactions Reported – 90 Day 3,906

Controlled Disbursement Checks Reported 860

Extended Transaction Detail 13,462

Account Transfer Item 2

Subtotal

BAI/SWIFT/ISO Reporting

BAI Per Check Item Charge 665

BAI Prior Day Extended Detail 904

BAI Prior Day Transactions 171

H2H Check Items Reported 934

H2H Trans Detail Reported 1,485

H2H Non-Check Items Reported 443

H2H Files Transmitted Over 67 7

Subtotal

Balance Based Charges

Balance Based Charges 14

Subtotal

Miscellaneous Charges

Superior Bags 167

Subtotal

Other Charges Not Mentioned

Subtotal

Total:

Notes or Item Description:

______________________________________________________________________________________________________________

Daylight Overdraft Formula

______________________________________________________________________________________________________________

Overnight Overdraft Formula

______________________________________________________________________________________________________________

FDIC Insurance Formula

______________________________________________________________________________________________________________

Service Charge Credit Formula

_____________________________________________________________________________________________________________

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The undersigned, a bank maintaining branch/office operations within the city limits of Chicago, Illinois, submits the following proposal for primary banking services to the Chicago Park District for the period July 1, 2019 through June, 30, 2025.

Authorization:

Bank Name Date

Mailing Address Phone Number

City, State, Zip Fax Number/Email

By Title

Contact Name (if different from above) Contact Phone Number

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CERTAIN PROVISIONS OF

BANKING SERVICES AGREEMENT

1. RFP GENERAL CONDITIONS

2. HOLD HARMLESS/INDEMNIFICATION

The bank agrees to indemnify, defend, and save harmless the Park District and its officers, agents, and employees, from

any claim, real or imaginary, filed against the Park District or its officers, agents, or employees, alleging damage or injury

arising out of the subject matter of this Agreement; provided, however, that such provision shall not apply to the extent

that the damage or injury results from the of the gross negligence or intentional misconduct of the Park District or its

officers, agents, or employees.

3. TERMINATION OF AGREEMENT

The Park District reserves the right to terminate or suspend this Agreement at any time, with or without cause, by giving

30-days’ notice to the financial institution in writing. In the event of termination, all finished or unfinished reports, or other

material prepared by the bank pursuant to the Agreement shall be provided to the Park District. In the event the Park

District terminates this Agreement prior to completion without cause, the bank may complete such analyses and records

as may be necessary to place its records in order. The bank shall be entitled to receive just and equitable compensation

of any satisfactory services completed prior to the date of suspension or termination, not to exceed the compensation

set forth above. Should the bank desire to terminate this Agreement, written notice of 120 days is required.

4. GOVERNING LAW AND JURISDICTION.

This Agreement has been delivered to and accepted by the bank and will be deemed to be made in the State of Illinois.

THIS AGREEMENT WILL BE INTERPRETED AND THE RIGHTS AND LIABILITIES OF THE PARTIES HERETO

DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS, EXCLUDING ITS CONFLICT OF

LAWS RULES. The parties hereby irrevocably consent to the exclusive jurisdiction of any state or federal court in the

County of Cook, Illinois.

5. NO LIABILITY OF DISTRICT COMMISSIONERS AND OFFICERS.

The Bank acknowledges and agrees that none of the Commissioners, officers or employees of the Park District shall

have any personal liability for the obligations under any of this Agreement, and the Bank shall have no recourse against

any of the foregoing persons.

6. INDEMNIFICATION. Awardee must defend, indemnify, keep and hold harmless the Park District, its Commissioners,

officers, representatives, agents, volunteers and employees from and against any and all lawsuits, claims, demands,

liabilities, losses, and expenses, including court costs and attorneys’ fees, for or on account of any injury to any person

or any death at any time resulting from such injury, or any damage to property which may arise or which may be alleged

to have arisen out of, or in connection with, the work, goods, and/or services covered by this contract.

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NO PROPOSAL RESPONSE FORM

Request for PROPOSAL

BANKING SERVICES

Due Date: May 3, 2019 at 4:00 p.m. C.D.T.

Should you decide not to submit a PROPOSAL on this specific contract, please complete and return this form on or before the PROPOSAL opening date.

REASON FOR NOT RESPONDING

□ Too busy at this time

□ Insufficient time to respond to request

□ Job too small

□ Job too large

□ Too competitive

□ Specifications too restrictive (explain below)

□ Specifications are unclear (explain below)

□ Unable to meet bond/insurance requirements

□ Other (explain below)

Remarks:

by: (Company Name) (Authorized Signature)

(Address) (Printed Name and Title)

(City, State, Zip Code) (Date)

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EXHIBIT

Investment Policy

58

INVESTMENT POLICY OF

THE CHICAGO PARK DISTRICT

Purpose:

This document specifies policies, guidelines, and criteria governing investments of all public funds held by the Chicago Park

District (the “Park District”) in the course of its operations and mission as provided for in Illinois statutes and Park District

ordinances.

Section 1 - Objectives:

It is the policy of the Park District to invest public funds in a manner which is consistent with all state and local statutes governing

the investment of public funds and which will meet the following objectives:

1.1 Safety of Principal

Investments of the Park District shall be undertaken in a manner that ensures the preservation of capital in the overall

portfolio.

1.2 Diversification

The Park District shall diversify its investments to avoid incurring unreasonable risks associated with specific securities

and/or financial institutions.

1.3 Liquidity

The investment portfolio of the Park District shall be sufficiently liquid to enable the Park District to meet all reasonable

anticipated operating requirements.

1.4 Rate of Return

The Park District’s investment portfolio shall be designed to obtain a market average rate of return during budgetary

and economic cycles, taking into account the Park District’s investment risk constraints and cash flow needs. The

investment program may seek to augment returns above this threshold, consistent with risk limitations identified herein

and with prudent investment principles.

1.5 Public Trust

All participants in the investment process shall seek to act responsibly as custodians of the public trust and shall avoid

any transactions that might impair public confidence in the Park District.

1.6 Local Considerations

The Park District seeks to promote economic development in the City of Chicago. In accordance with this goal,

preference will be given to any depository institution meeting the requirements defined in this policy, within the City limits

whose investments rates are within .125% of the rate that could be obtained at an institution outside the City limits. In

addition, the Park District will strongly consider depository institutions that are certified MBE/WBE institutions.

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Section 2 - Scope:

This investment policy applies to all financial assets of the Park District, except the Pension Fund which is governed by a separate

Board of Trustees. These assets are accounted for in the Park District’s Comprehensive Annual Financial Report.

Investments of these various funds may be commingled in order to maximize investment earnings when this is advantageous

and prudent to do so. Investments will be accounted for separately for each fund and investment income will be allocated to

the various funds based upon respective participation.

Section 3 - Delegation of Authority: Management of the investment program of the Park District will be the responsibility of the Treasurer. Investments may be made by the Treasurer, his or her designee or investment fund managers or other entities, in accordance with these policy guidelines. The Treasurer, acting under the strict internal investment guidelines approved by the Board of Commissioners (the “Board”), may employ the use of outside private fund managers and other entities to invest a portion of or all of the Park District’s Operating and Capital Project Funds. The private fund managers must meet minimum capital requirements as identified by the Treasurer. The Treasurer shall direct the investment program consistent with this policy and will have authority to purchase, sell and transfer Park District investments up to $25,000,000 in a single investment or investments that mature in two (2) years or less. Approval from the Chief Financial Officer (the “CFO”) and the General Superintendent and Chief Executive Officer (the “CEO”) will be required for individual investments above this amount up to $50,000,000 or investments that are longer than two (2) years up to a total of three (3) years. For single investments greater than $50,000,000 or for a period of longer than five (5) years, approval will be required by the Board. The Treasurer will identify any additional positions, in writing, having investment responsibility. These additions will require the approval of the CFO and/or CEO. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Treasurer. The Treasurer will be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials.

Section 4 - Prudence: The standard of prudence to be used by the Treasurer and employees responsible for the investment of public funds shall be the “prudent person” standard and shall be applied in the context of managing an overall portfolio. The standard states:

Investments shall be made with judgment and care, under circumstances then prevailing, which persons knowledgeable of

investment practices, and persons or prudence, discretion and intelligence exercise in the management of their own affairs.

Investments should not be made for speculation and should consider the probable safety of the capital as well as the possible

income to be derived.

The above standard is established as the standard of professional responsibility and shall be applied in the context of managing

the Park District’s investment portfolio. This policy recognizes that there are circumstances beyond the control of even the most

prudent investor which impact the return obtained.

Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be

relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from

expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.

Section 5 - Ethics and Conflict of Interest:

All participants involved in the investment process must refrain from personal business activity that could potentially conflict with

proper execution of the investment policy or which could impair their ability to make impartial decisions. Employees and officers

must subordinate their personal investment transaction to those of the park district, particularly with regard to the timing of

purchases and sales.

Under no circumstances will a participant in the investment process receive any type of financial gain, either directly or indirectly,

from the investment of Park District funds. Any real or potential conflict of interest must be reported to the CFO, the Director of

60

the Department of Audit, General Counsel and the Park District Inspector General.

Section 6 - Authorized and Suitable Financial Institutions and Dealers:

6.1 Policy

Depository investments will be limited to financial institutions which meet the following policy guidelines:

a. Security

The Park District shall maintain funds in a financial institution only if that institution is federally insured or invests strictly in

securities which have the full faith and credit of the U.S. Government.

b. Percentage of Deposits

The Park District will not select as a depository any financial institution in which Park District funds on deposit with the

depository would exceed 50% of the institution’s capital stock or net worth. The percentage of deposits will be verified at

least once annually by the Treasurer.

c. Statement of Condition

Each institution named as a depository shall be required to file the last two annual audited financial statements of

condition to the Treasurer’s Office for analysis. The Treasurer’s Office will maintain for public and managerial

inspection these statements of condition until subsequent statements are received. If for any reason the information

furnished is considered by the Treasurer to be insufficient, additional data may be requested. Refusal of any institution to

provide such data upon request is sufficient cause for the withdrawal of Park District funds.

Additionally, authorized and suitable investments may be purchased from broker/dealers listed as primary dealers with

the New York Federal Reserve Board.

6.2 Criteria

Depository investments will be limited to banks, savings and loan associations, and credit unions which meet the following

criteria:

i. Banks and Savings and Loan Associations must be insured by the Deposit Insurance Fund of the

Federal Deposit Insurance Corporation (the “FDIC”).

ii. State Treasurer’s Investment Pool: Illinois Funds f/k/a IPTIP.

iii. All depository institutions must have a “Satisfactory” or “Outstanding” Community Reinvestment Act

rating.

iv. All depository institutions must have total capitalization of a least $10,000,000.

v. All depository institutions must have an FDIC Capital Classification of “Well Capitalized’ or

“Adequately Capitalized”.

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Section 7 - Authorized and Suitable Investments:

The Park District is empowered by statute to invest in the following investments. These investment securit ies will be held by

a third party custodian designated by the Treasurer.

i. Bonds, notes, certificates of indebtedness, treasury bills or other securities which are guaranteed by the full faith

and credit of the United States of America as to principal and interest.

ii. In bonds, notes, debentures, or other similar obligations of the United States of America or its agencies.

iii. Domestic interest bearing savings accounts, domestic interest bearing certificates of deposit or domestic interest

bearing time deposits or any other investments that are direct obligations of any bank.

iv. Short-term obligations (commercial paper) of only U.S. Corporations with assets over $500,000,000 provided that:

(1) these obligations are rated in the three highest classifications established by at least two standard rating services

and mature not later than 270 days from the purchase date, and (2) these purchases do not exceed 5% of the

corporation’s outstanding obligations.

v. Short-term discount obligations of U.S. Government Agencies or Instrumentalities.

vi. Shares or other securities legally issued by state or federal savings and loan associations which are insured by the

FDIC.

vii. Insured dividend bearing share accounts, share certificate accounts or class of share accounts of a credit union

chartered under the United States or Illinois law whose principal office is located in Illinois.

viii. Money market mutual funds registered under the amended Investment Company Act of 1940.

ix. In addition to any other investments authorized under this policy, the Park District may invest its public funds

in interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or

school district, of the State of Illinois, of any other state, or of any political subdivision or agency of the State of

Illinois or of any other state, whether the interest earned thereon is taxable or tax -exempt under Federal law.

The bonds shall be registered in the name of the Park District or held under a custodial agreement at a bank.

The bonds shall be rated at the time of purchase within the four (4) highest general classifications established

by a rating agency of nationally recognized expertise in rating bonds of states and their political subdivisions.

x. Illinois Public Treasurer’s Investment Pool: Illinois Funds f/k/a IPTIP.

xi. Other managed commingled funds like Illinois Funds which invest in the above securities and follow the

diversification guidelines in this policy (see Section 8)

xii. Repurchase Agreements meeting the following criteria:

a. The securities, unless registered or inscribed in the name of the Park District, are purchased through banks

or trust companies authorized to do business in the State of Illinois.

b. A custodial bank shall be named to hold the funds. The custodial bank shall not be the seller of the

securities and must be a member of the Federal Reserve System or maintain accounts with member

banks.

c. Trading partners shall be limited to banks or trust companies authorized to do business in the State of

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Illinois or to registered primary dealers.

d. The Park District will receive confirmation, in writing, or a perfected security interest in the repurchase

agreement when the custodial bank receives possession of the securities, either physically or through

book-entry.

e. The Park District will enter into a written contract with the custodial bank outlining the basic responsibilities

and liabilities of both buyer and seller.

f. The custodial bank shall be liable to the Park District for any momentary loss suffered by the Park District

due to the failure of the custodial bank to take and maintain possession of such securities.

g. The Park District will specifically avoid any purchase of financial forward contracts or futures, any

leveraged instruments, lending securities, or reverse repurchase agreements.

Section 8 - Diversification:

The Park District will diversify its investments by security type and institution.

In order to properly manage any risk attendant to the investment of Park District assets, the portfolio shall not exceed the following

diversification limits at the time of investment as specifically authorized by the Board.

i. The Park District or any fund manager or other entities shall at no time hold certificates of deposit from any single

financial institution which constitutes more than 20% of the Park District’s total portfolio.

ii. The Park District or any fund manager or other entities shall at no time hold certificates of deposit constituting more than

10% of any single institution’s total deposits.

iii. Commercial paper purchases may not exceed 33% of the Park District’s total portfolio.

iv. The Park District or any fund manager or other entities shall at no time hold more than $15,000,000 of the commercial

paper portfolio in any single issuers’ name.

Section 9 - Safekeeping:

All investment transactions entered into by the Park District shall be held by a third party custodian designated by the Treasurer.

Securities can be held at the following locations:

i. A Federal Reserve Bank or its branch office.

ii. At another custodial facility, generally, in a trust department through book-entry at the Federal Reserve, unless physical

securities are involved.

iii. A financial institution on the Illinois State Treasurer’s approved list of safekeeping banks.

Safekeeping will be documented by an approved written agreement. This may be in the form of a safekeeping agreement, trust

agreement, escrow agreement or custody agreement. The Treasurer will verify quarterly that all safekeeping institutions meet

the above requirements.

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Section 10 - Collateral:

The Park District will require collateral of not less than 105% of the market value of the original acquisition price, including principal

and accrued interest, on all depository account balances and certificates of deposit. For repurchase agreements, direct U.S.

Treasury collateral with market value equal to at least 102% of the repurchase agreement shall be maintained at all times.

Repurchase agreement collateral shall be marked to market daily during the term of the agreement. Additional collateral will be

required when ratio falls below the designated level and collateral will be released if the ratio exceeds the required level.

Collateral will always be held in the Park District’s name by an independent third party custodian designated by the Treasurer.

The Park District will be supplied with all evidence of ownership. Substitution of collateral must be approved by the Park District.

The District will accept any of the following as collateral:

U.S. Government Securities;

Obligations of Federal Agencies;

Obligations of Federal Instrumentalities;

Obligations of the State of Illinois; and

Letters of credit issued by a Federal Home Loan Bank. Section 11 - Maturities:

To the extent possible, the Park District will attempt to match its investments with anticipated cash flow requirements. Maximum

maturities will be limited to three (3) years except for the investment of the long-term income reserve which the maximum limit

will be five (years).

Section 12 - Reporting and Review:

The Treasurer is charged with the responsibility of preparing a monthly investment report detailing all investment activity,

including the fair market value of all investments, and returns and making comparisons to market returns. The Treasurer shall

report investments to the CFO on a monthly basis and shall make available to the Park District’s Board, and internal and

independent auditors, all records of investment transactions.

Section 13 - Investment Benchmark:

The Treasurer will use the average 3-month U.S. Treasury bill return or an appropriate benchmark in determining whether market

yields are being achieved.

Section 14 - Accounting:

The accounts of the Park District are organized on the basis of funds and account groups, each of which is considered a

separate accounting entity. The operations of each fund are accounted for with a separate set of accounts that reflects its

assets, liabilities, and balances, retained earnings, revenues and expenditures, or expenses as appropriate.

All investment transactions shall be recorded in the various funds of the Park District in accordance with generally accepted

accounting principles as promulgated by the Government Accounting Standards Board. Accounting treatment will include:

Investments will be carried at cost or amortized cost which approximates market.

Premium or discount will be amortized over the life of the investment.

Gains or losses of investments in all funds will be reorganized at the time of disposition of the security.

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Section 15 - Internal Controls:

The Treasurer shall establish a system of internal controls, which shall be documented in writing. These internal controls shall

be reviewed annually by the district’s external auditors. The controls shall be designated to prevent losses of Park District funds

arising from fraud, employee error, misrepresentation by third parties, unanticipated changes in financial markets, or imprudent

actions by employees.

In addition, compliance with this investment policy will be reviewed at least annually by the Director of the Department of Audit

of the Park District or his/her designee.

Section 16 - Investment Policy Adoption:

The District’s investment policy shall be adopted by resolution of the Board’s authority. The policy shall be reviewed on an annual

basis by the Treasurer and any modifications made thereto must be approved by the CFO, CEO, and the Board.

This Investment Policy shall be effective as of the date of its adoption.

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