Pasadena_Taxpayer_Protection_Amendment_Disclosure_(2).pdf

This is a Taxpayer Protection Amendment Disclosure form required by the City of Pasadena, California, in conjunction with a Banking Services Request for Proposal. The disclosure document serves as a mandatory filing requirement for contractors and organizations seeking to provide banking services to the City of Pasadena. The form requires comprehensive identification of all trustees, directors, partners, and officers of the contractor organization, as well as disclosure of any individuals or entities holding more than 10% equity, participation, or revenue interest in the contracting organization. The banking services solicitation encompasses all general and payroll accounts for the City and requires the selected financial institution to be a federal or state-chartered banking entity qualified as a depository of public funds under California Government Code provisions, with collateralization agreements in place for all City deposits.

The selected banking institution must maintain at least a "satisfactory" Community Reinvestment Act rating and equivalent rating from a nationally recognized bank rating service. The proposing financial institution must operate a full-service branch location within Pasadena city limits and provide a dedicated governmental services unit to support the City's banking operations. This disclosure document applies to all entity types, including non-governmental organizations and nonprofit entities classified under Internal Revenue Code sections 501(c)(3), 501(c)(4), or 501(c)(6), ensuring transparency regarding ownership structures and management responsibility for all prospective banking service providers.