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HomeMy WebLinkAboutResolution #5359 i RESOLUTION NO. 5359 A RESOLUTION APPROVING CHANGES TO EXISTING CHECKING ACCOUNTS AT MID-AMERICA NATIONAL BANK FOR THE WATER/SEWER GENERAL FUND WHEREAS, the City Council of the City of Canton has determined that it is necessary and in the best interests of the City of Canton to transfer Water/Sewer General Funds to a different sweep account at Mid-America National Bank. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF CANTON,ILLINOIS,AS FOLLOWS: 1. That the Deposit Placement Agreement, substantially in the form as attached hereto and incorporated herein by reference as "Exhibit A," is hereby approved by the Canton City Council. 2. That the Mayor, City Treasurer and the City Clerk of the City of Canton,Illinois are hereby authorized and directed to execute said Agreement, and any other necessary agreements to accomplish the foregoing, on behalf of the City of Canton. 3. That the City Treasurer is authorized to transfer all or a portion of the Water/Sewer General Funds held at Mid-America National Bank to a new preferred sweep-floating account at Mid-America National Bank. 4. That this Resolution shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Illinois at a regular meeting this 15th day of February, 2022, upon a roll call vote as follows: AYES: Alderperson Andra Chamberlin, Craig West, Angela Hale, Jeff Fritz, Angela Lingenfelter NAYS: NONE ABSENT: Alderperson Justin Nelson, John Lovell, Greg Gossett APPROVED: �,/ t'4 IA' Kent McDowell, Mayor AT ST: Diana Pavley-Rock, City Clerk, i i Customer Profile Form i Primary Customer Name:' City of Canton Contact Name(for nonpersonal accounts): Crystal Wilkinson Customer Class:❑Individual/Joint/Revocable Trust ❑Estate/Irrevocable Trust ❑Corporation/LLC ❑Partnership/Limited Liability Partnership ❑Sole Proprietorship ❑Nonprofit Institution ❑Club or Association I ❑X Public Entity ❑Foreign!Government ❑Savings Bank/Credit Union ❑Other Bank/Financial Institution Primary Mailing Address: 2 N Main St City/State/Zip: Canton,IL 61520 Duplicate Statement Address(if applicable): City/State/Zip: i Telephone Number: 309-647-i16691 U.S.Citizen:®Yes ❑No Email Address:cwilkinson@cantoncityhall.org If No,Country of Citizenship: Type: ❑SSN X❑TIN ❑Non-Resident With SSN/TIN Primary Owner Tax ID Number: 37-6000876 ❑Non-Resident Without SSN/TIN ❑Individual Tax ID Number i I Primary Owner Other ID(required if no Tax ID):Z Other ID Type:❑Driver's License❑ Passport (If you do not have a U.S.Tar ID,populate a checkbox to the right.) E]Other i 'For joint accounts,please set up sepI arate customer profiles for both the primary and secondary owners. 2I you do not have a U.S.Tax[D,you must use this same alternate ID for all transactions with all institutions.If you subsequently obtain a U.S.Tax ID,you must promptly inform us and other institutions so that your correct information can be recorded for tax reporting,document tracking,and FDIC insurance purposes. Customer Exclusions: There is no need to exclude institutions that currently hold your funds through IntraFi Network Deposits.Providing the same Tax ID for each of your accounts will enable the location of your current placement(s)to be recognized.These institutions will automatically be excluded fromuture placements. Bank: TRN: City,State: Wells Faro Bank 071101307 Canton,IL Bank of Farmington 071105882 Canton,IL Ipava State Bank 071113748 Canton,IL Signatures: i , C Custome Signature Dae stitution Signatu Date i I Last Updated 3/16/21 l J i IntraFi Network Deposits' dMr,U,product, I lntraFi Network Deposits DDA-MMDA Deposit Placement Agreement You, the undersigned, enter into this IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement ("Agreement')with the followii g financial institution("we"or"us"): j MidAmerica National Bank This Agreement states the terms and conditions on (d) The Bank of New York Mellon("BNY Mellon") which we will endeavor to place deposits for you at other provides services that support deposit placement financial institutions through the DDA-MMDA Option of through the DDA-MMDA Option. BNY Mellon's services IntraFill Network Depositssm'� IntraFi Network Deposits include acting as our sub-custodian and settlement is a product of IntraFi Network LLC ("IntraFf) that agent. encompasses services for placing deposits at depository institutions. j (e) You must be capable of using,and you agree to use, the Depositor Control Panel ("DCF"), an online This Agreement is an amended version of the ICS tool,to review provisional allocations of deposits and for Deposit Placement Agreement("ICS DPA"). The DDA- other purposes. You also agree to receive notices that MMDA Option of IntraFi Network Deposits ("DDA- may be posted on the DCP or sent to you by email. MMDA Option") is the deposit placement functionality formerly known as part of ICS®, the Insured Cash 1.2. Deposit Accounts Sweeps service. IntraFi is the entity formerly known as (a) Deposits that we place for you in Deposit Promontory Interfinancial Network,LLC. Accounts will be"deposits,"as defined by federal law,at During a branding transition period, you may see the Destination Institutions. references to ICS on statements or other documents. (b) Each Deposit Account, including the principal These references are to the DDA-MMDA Option of IntraFi Network Deposits. j balance and the accrued interest, will be a deposit obligation solely of the Destination Institution at which it 1. Deposit Placement is held. It will not be a deposit obligation of us or of IntraFi,BNY Mellon,or any other person or entity. 1.1. IntraFi Network Deposits DDA-MMDA Option I 2. Your Relationship With Us (a) Schedule 1 describes the procedure by which we will place deposits for you through the DDA-MMDA 2.1. Agency and Custodial Relationship Option. Schedule 2 includes descriptions of the (a) We will act as your agent in placing deposits account type and placement feature that we will use. for you through the DDA-MMDA Option. Under a (b) Each depository institution at which we place separate agreement with you that grants us custodial deposits for you through the DDA-MMDA Option powers("Custodial Agreement'),we will also act as your ("Destination Institution") will I be one at which deposit custodian for the Deposit Accounts. accounts are insured by the Federal Deposit Insurance (b) Each Deposit Account will be recorded (i) on Corporation("FDIC')up to the FDIC standard maximum the records of the.Destination Institution in the name of deposit insurance amount("SMDIA")of$250,000. BNY Mellon,as our sub-custodian,(ii)on the records of (c) Subject to the terms and conditions of this BNY Mellon in our name,as your custodian,and(iii)on Agreement, when we place deposits in a deposit our records in your name. The recording will occur in a account at a Destination Institution for your funds placed manner that permits the Deposit Account to be FDIC- through the DDA-MMDA Option ("Deposit Account'), insured to the same extent as if it were recorded on the the amount of our outstanding placements for you at the records of Destination Institution in your name. Destination Institution through the DDA-MMDA Option (c) For purposes of Article 8 of the Uniform and through the CD Option of IntraFi Network Deposits, Commercial Code, we will act as your securities which is the deposit placement functionality formerly intermediary for, and will treat as financial assets, the known as part of CDARS , the Certificate of Deposit Account Registry Service®,will not exceed$250,000. Deposit Accounts and all your security entitlements and 1 DDA-MMDA DPA-Version 2021-01 IntraF F WCpAP.APS ly and ICS' Network Deposits' deposit pmdults other related interests and aissets with respect to the Identifier your federal taxpayer identification number Deposit Accounts, and we will treat you as entitled to ("TIAP),unless you do not have a TIN,in which case you exercise the rights that constitute the Deposit Accounts. will enter an alternate identifier that we approve. (d) All interests that we hold for the Deposit (c) If you use an alternate identifier,you must use Accounts will be held by us only as your securities the same alternate identifier.for all placements of intermediary and will not be our property. You will be deposits for you, by us or by any other financial the owner of the funds in the Deposit Accounts and any institution, through the DDA-MMDA Option or through interest on those funds. the CD Option of IntraFi Network Deposits. If you later obtain a TIN, you must promptly report it to us and to 2.2. Termination of Custodial Relationship any such other institutions, and we may use it as your (a) Either you or we may terminate the custodial Depositor Identifier. relationship between you andl us at any time. You may 3.2. Interest Rate not transfer the Deposit Accounts to another custodian, but you may dismiss us as your custodian for a Deposit (a) The interest rate for the Deposit Accounts at Account and request that it be recorded on the records Destination Institutions on any day will be the then- of the Destination Institution in your name. current rate that we specify, which may be any rate (including zero) and which we may modify at any time (b) We will endeavor to cause any request from ("Interest Rate"). Through your continued participation you pursuant to Section 2.2(a)to be promptly forwarded in the DDA-MMDA Option, you accept each applicable to the Destination Institution. Each Destination Interest Rate. Institution has agreed that it will promptly fulfill any such request, subject to its customer identification policies (b) If we permit you to have more than one and other account opening terms and conditions. Custodial Account, we may specify a different Interest I Rate for each Custodial Account. (c) If a Deposit Account has been recorded on the records of a Destination Institution in your name (c) Payment of the full amount of all accrued pursuant to this Section 2, you will be able to enforce interest on a Deposit Account at a Destination Institution your rights in the Deposit Account directly against the will be solely the responsibility of the Destination Destination Institution, but we will no longer have any Institution. Neither we nor any other person or entity will custodial responsibility for it and you will not be able to be indebted to you for such payment. enforce any rights against the Destination Institution through us. 4. Placement Procedures (d) If we were to become insolvent, our receiver 4.1. Account Type, DDA-MMDA Option Settlement, or other successor in interest,could transfer custody of and Statements the Deposit Accounts, and our rights and obligations under this Agreement,to a new custodian. Alternatively, (a) Settlement of payments to and from you could exercise your right to have the Deposit participating institutions in the DDA-MMDA Option Accounts recorded on the records of the Destination through BNY Mellon that includes the type of deposits Institutions in your name puri Iuant to this Section 2. we place for you("DDA-MMDA Option Settlement")will occur each day that is not a Saturday, a Sunday, or 3. Custodial Account and Interest Rate another day on which banks in New York,New York,are authorized or required by law or regulation to close 3.1. Custodial Account ("Business Day'). (a) As your custodian, we will open on our (b) You may confirm through the DCP (i) the records, either directly or with the assistance of BNY aggregate principal balance in the Deposit Accounts Mellon, a custodial account in which we will hold your ("Program Balance") and (ii) the principal balance and interests in the Deposit Accounts("Custodial Account'). accrued interest at each Destination Institution as of the We may permit you to have multiple Custodial Accounts. preceding Business Day or, after DDA-MMDA Option Settlement-related processing,as of that Business Day. (b) On the signature page of this Agreement,you will enter a unique alphanumeric identifier for you (c) We will provide you with periodic account ("Depositor Identifier'),which will be associated with the statements that include,as of the end of the statement Custodial Account. You will enter as your Depositor period,your Program Balance,your principal balance at 2 DDA-MMDA DPA-Version 2021-01 i IntraFf COAD ' Cy GARS'and iC5' Network Deposits- dlpos t products each Destination Institution, the total interest you have Day Deposit Cutoff Time will be a Triggering Event for a earned on the Deposit Accounts during the period,and Same-Day Program Deposit. the rate of return you have earned on the daily average closing principal balance fol the period ("Statement (c) We may impose a maximum Program Period Yield'). Balance amount for deposits that we place for you A through the DDA-MMDA Option and will inform you of (d) The account information available on the DCP any such amount we impose. Even if a Triggering Event as described in Section 4.1(b), and the periodic for a Program Deposit occurs, we may choose not to statements described in Section 4.1(c),will be the only transfer the amount to the Deposit Accounts if it would evidence that you receive of your ownership of the cause the Program Balance to exceed the maximum. In funds. You should retain the'account statements. addition,we may choose not to transfer to the Deposit Accounts an amount that we have credited to the Root 4.2. Triggering Events i Account,but have not yet collected from a third party. (a) Schedule 1 sets forth events for triggering a 4.4. Program Withdrawals transfer of funds from a root account with us that contains your funds ("Root Account") to the Deposit (a) Subject to the terms and conditions of this Accounts at DDA-MMDA Option Settlement ("Program Agreement,and except as provided in Section 4.4(b), a Deposit') or a transfer of jfunds from the Deposit Triggering Event for a Program Withdrawal will result in Accounts to the Root Account at DDA-MMDA Option a transfer of funds from the Deposit Accounts at DDA- Settlement("Program Withdrawal). MMDA Option Settlement the next Business Day ("Regular Program Withdrawal). (b) An event for triggering a Program Depositor a Program Withdrawal ("Triggering Event) will be any (b) Schedule 1 states whether the transfer of such event described in Schedule 1. funds from your Deposit Accounts at DDA-MMDA Option Settlement on the same Business Day("Same- (c) If you signed a previous version of this Day Program Withdrawal") is available and, if so, the Agreement identified as an ICS DPA and became a cutoff time for you to request a Same-Day Program party to this amended version of the Agreement after Withdrawal ("Same-Day Withdrawal Cutoff Time"). If you were given notice of amendment, the content of Section 1 so states, a request that we receive and Schedule 1 to this Agreement is the same as the content accept before the Same-Day Withdrawal Cutoff Time of Schedule 1 to the version you signed, subject to the will be a Triggering Event for a Same-Day Program following changes: Withdrawal. (i) "ICS" is changed to "the DDA-MMDA 4.5. Withdrawal Advances;Security Interest Option of IntraFi Network Deposits." (a) If Schedule 1 states that we will advance (ii) "Transaction Account," if it appears, is funds to you in anticipation of a Program Withdrawal,or changed to"Root Accounti" if we otherwise decide in our discretion to advance funds to you in anticipation of a Program Withdrawal,you will 4.3. Program Deposits owe the amount of these funds to us and we will retain from the funds we receive at DDA-MMDA Option (a) Subject to the terms and conditions of this Settlement the amount we have advanced to you. Agreement,and except as provided in Section 4.3(b),a Triggering Event for a Program Deposit will result in a (b) With respect to any amount that you owe to us transfer of funds to the Deposit Accounts at DDA-MMDA pursuant to Section 4.5(a): Option Settlement the next Business Day ("Regular Program Deposit"). (i) you grant us, and acknowledge that we have,a security interest in,and a lien on,the Deposit (b) Schedule 1 states whether a transfer of funds Accounts, related security entitlements, and other to the Deposit Accounts at DDA-MMDA Option related interests and assets that we may hold for you Settlement on the same Business Day ("Same-Day Program Deposit")is available and,if so,the cutoff time as custodian and securities intermediary pursuant to the Custodial Agreement for the amount that you for you to request a Same-Day Program Deposit owe to us, ("Same-Day Deposit Cutoff Time'). If so stated, a request that we receive and laccept before the Same- 3 DDA-MMDA DPA-Version 2021-01 I I I • I IntraFi CpAPS COAPSy and iC5 Network Deposits' deposit products (ii) if a Destination' Institution fails before a (ii) If the version you signed provided that we Program Withdrawal is completed,we may retain the would place deposits for you in MMDAs,Section 1 of amount of the Program Withdrawal from the Schedule 2 is deemed to state: "We will place proceeds of your FDIC insurance claim to satisfy the deposits for you in MMDAs" amount that you owe to us,and (iii) If the version you signed provided that we (iii) to the extent that the amount that you owe might place deposits for you in DDAs or MMDAs, to us is not satisfied from the interests and assets we i Section 1 of Schedule 2 is deemed to state: "We are holding for you pursuant to the Custodial may place deposits for you in DDAs or MMDAs." Agreement, or from they proceeds of any FDIC insurance claim,the amou it remains owed by you to (d) Section 1 of Schedule 2 also provides, if us and is payable on demand. MMDAs will or may be used,(i)that an MMDA Program Withdrawal limit of six per month applies or(ii)that no (c) If,in a separate agreement,you have granted MMDA Program Withdrawal limit applies. us a security interest in the Deposit Accounts or in any security entitlements or other interests or assets relating (e) If you signed a previous version of this to the Deposit Accounts as collateral for a loan to you or I Agreement identified as an ICS DPA and became a otherwise, we may decline to honor a request for a party to this amended version of the Agreement as a Program Withdrawal, or decline to honor a debit !result of having been given notice of amendment,and if transaction in the Root Account that would trigger a the version you provided that MMDAs would or might be Program Withdrawal or bel funded by a Program used,the following applies: Withdrawal,to the extent the Program Withdrawal would cause your Program Balance to fall below the loan (i) If the version you signed provided that an amount or other amount that you have agreed to MMDA Program Withdrawal limit would apply and we maintain in the Deposit Accounts or to which the security have not informed you that we will not enforce such interest applies. If, in a separate agreement, you have a limit, Section 1 of Schedule 2 is deemed to state, granted us a security interest in the Root Account, we in addition to the statement given in Section 4.6(c), also may decline to honor 'transactions in the Root "You may use up to six MMDA Program Withdrawals Account in accordance with the separate agreement. per month." i 4.6. Account Type and Withdrawal Limit, If Any (ii) If the version you signed provided that an MMDA Program Withdrawal limit would not apply or (a) Deposits that we place for you through the we have informed you that we will not enforce such DDA-MMDA Option at a Destination Institution will be a limit, Section 1 of Schedule 2 is deemed to state, placed in a Deposit Account that is a demand deposit in addition to the statement given in Section 4.6(c), account("DDA")or a Deposit Account that is a money "No MMDA Program Withdrawal limit applies." market deposit account ("MMDA"), as provided in Section 1 of Schedule 2. (f) If a Program Withdrawal limit applies and you exceed the six permitted Program Withdrawals from (b) Section 1 of Schedule 2 provides (i) that we MMDAs in a month: will place deposits for you in DDAs,(ii)that we will place (i) We may (A) transfer all the remaining deposits for you in MMDAs, or (iii) that we may place deposits for you in DDAs or MMDAs. funds in the MMDAs to the Root Account associated with the Custodial Account for the MMDAs or(B), if (c) If you signed a previous version of this ! you also have a Custodial Account for DDA deposits, Agreement identified as an ICS DPA and became a transfer all the remaining funds in the MMDAs to the party to this amended version of the Agreement as a Custodial Account for DDA deposits. result of having been given notice of amendment, the following applies: (ii) In subsequent months we may effect either such transfer at the time of your sixth Program (i) If the version you signed provided that we Withdrawal. would place deposits for you in DDAs, Section 1 of Schedule 2 is deemed to state: "We will place (g) If you exceed the six permitted Program deposits for you in DDAs."j ,Withdrawals from MMDAs in multiple months, we may I also make the Custodial Account for the MMDAs jI ineligible for Program Deposits. 4 DDA-MMDA DPA-Version 2021-01 I IntraFi Formerly CQA,RS°arrd ICS. Network Deposits' ' d�,00slt products I' 5. Placement Feature 5.2. Placement Feature and Rate 5.1. Reciprocal and One-Way (a) Interest on the Deposit Accounts will be earned at the specified Interest Rate regardless of (a) If we are an FDIC-insured depository whether the Reciprocal Feature or the One-Way institution,we are eligible to use a feature of the DDA- Feature is used. MMDA Option in which, when we place deposits, we receive matching deposits placed by other participating (b) When the Reciprocal Feature is used,the fee institutions in the DDA-MMDA,Option and may pay a fee paid to IntraFi may affect rate determination. When the to IntraFi("Reciprocal Feature"). One-Way Feature is used, fees paid by Destination � Institutions, or cost-of-funds rates for Destination (b) Whether or not we are eligible to use the Institutions, may affect rate determination. Reciprocal Feature, we are eligible to use a feature of the DDA-MMDA Option in I which, when we place (c) If we are eligible to use the Reciprocal deposits,we do not receive matching deposits, but we Feature, and you authorize us to use either the and IntraFi may receive 1 fees from Destination Reciprocal Feature or the One-Way Feature, we may Institutions("One-Way Feature"). use a feature with greater benefits to you,to us,or both. (c) Section 2 of Schedlule 2 provides (i) that we 5.3. Placement Requirements may use either the Reciprocal Feature or the One-Way Feature,(ii)that we will use only the Reciprocal Feature, (a) Under the laws of some states,governmental or(iii)that we will use only the One-Way Feature. units may submit deposits for placement through a deposit placement network only if the placing institution (d) If you signed a previous version of this is located in the state and receives matching deposits of Agreement identified as an ICS DPA and became a an equal maturity,if any,and an equal amount. party to this amended version of the Agreement as a result of having been given notice of amendment, the (b) If you are a state governmental unit, or if you following applies: are otherwise subject to restrictions on the placement of deposits for you, you are responsible for determining (i) Section 2 of Schedule 2 is deemed to whether deposit placement in accordance with this provide that we may use either the Reciprocal Agreement satisfies any applicable restrictions. Feature or the One-Way Feature if(A)Schedule 4 to the version that you signed contained two check 6. Daily Allocation and Depositor Control boxes, one stating that we might use either ICS Reciprocal or ICS One-Way and the other stating 6.1. Daily Allocation;Review and Consent that we would use only ICS Reciprocal, and (B)the (a) The DDA-MMDA Option process for allocating box stating that we might use either ICS Reciprocal Program Deposits, Program Withdrawals, and funds or ICS One-Way was checked. already on deposit reflects various considerations, (ii) Section 2 of Schedule 2 is deemed to including the need for certain Destination Institutions to provide that we will use only the Reciprocal Feature receive deposits in amounts that they have.placed for if (A) Schedule 4 to thel version that you signed their own customers and possible limits on the amounts contained two check boxes, one stating that we that an institution is authorized to place or a Destination might use either ICS Reciprocal or ICS One-Way Institution has agreed to receive. Applicable deposit and the other stating that we would use only ICS amounts may change from day to day. Accordingly,the Reciprocal,and(B)the box stating that we would use allocation of funds takes place each Business Day. only ICS Reciprocal was checked. (b) The set of Destination Institutions to which (iii) Section 2 of Schedule 2 is deemed to your funds on deposit are allocated on a Business Day, provide that we will use only the One-Way Feature if and the amount allocated to each Destination Institution, Schedule 4 to the version that you signed contained may differ from a previous Business Day's allocation. A no check boxes regarding the use of ICS Reciprocal different allocation may involve the movement of funds or ICS One-Way. from one Destination Institution to another Destination Institution, even though you do not have a Program Deposit or a Program Withdrawal. Such movements of funds will not affect the Interest Rate. 5 DDA-MMDA DPA-Version 2021-01 I i Formerly IntraFi 6APTandlCS' Network Deposits- : dOj-:;it products (c) You exercise control over the allocation of must obtain and maintain all equipment and services your funds through direct contact with us and through necessary for access to the DCP. the DCP. You are responsible for reviewing the important information we provide you through the DCP, (c) To access the DCP, you will be required to including information regarding proposed allocations enter your login credentials. Your initial user name will that we provide each Business Day. In addition, on be the account number for the Root Account or such request at any time,we will provide you with a list of all other user name as we specify. Your initial password Destination Institutions. I will be the last four characters of the Depositor Identifier entered for the sole or primary Depositor on the (d) Although we will not allocate your funds to signature page of this Agreement. Destination Institutions that you exclude or reject as set forth below,you authorize and consent to the allocation (d) You will also be required to enter the email of your funds at Destination Institutions that you address you have provided to us. We will separately approve,or do not exclude orlreject,as set forth below. advise you of any additional steps required of you by security controls. 6.2. Destination Institution Exclusions 6.4. Depositor Placement Review (a) You may enter thei name of any depository institution on a list of exclusions from eligibility to receive (a) Each Business Day,your aggregate principal deposits we place for you through the DDA-MMDA balance that will be in Deposit Accounts after that day's Option("Exclusions List'). DDA-MMDA Option Settlement will be provisionally allocated to Destination Institutions. The amount (b) We may ask you to provide your initial allocated will reflect your Program Balance as of the last Exclusions List by entering exclusions in Section 3(c)of DDA-MMDA Option Settlement, plus any Program Schedule 2 or by giving us notice of your Exclusions List Deposit that will occur at the day's DDA-MMDA Option in another manner we specify". Settlement, minus any Program Withdrawal that will occur at the day's DDA-MMDA Option Settlement. The (c) If you signed a previous version of this allocation may provide that previously-deposited funds Agreement identified as an ICS DPA and became a will be removed from a Destination Institution and party to this amended version of the Agreement as a deposited in another Destination Institution. result of having been given notice of amendment,your Exclusions List will include any depository institutions (b) After the provisional allocation occurs on a you included in your List of Exclusions in the ICS DPA Business Day, but before allocation becomes final at unless you have subsequently removed them. DDA-MMDA Option Settlement, Depositor Placement Review("DPR")will occur through the DCP. Even if a (d) An Exclusions List will be effective within one Destination Institution is not on your Exclusions List,the Business Day after the first Business Day on which we final allocation that day will not allocate your funds to the have received the Exclusionsl,List from you. Destination Institution if you reject it during DPR through the DCP. Your rejection of a Destination Institution will (e) You may add to� or subtract from your be effective only if you submit it before DPR ends. Exclusions List by giving us notice in a manner we specify. If you add an exclusion in this manner,the new (c) The DPR period each Business Day will be as exclusion will be effective within one Business Day after follows: 3:00 PM to 3:15 PM Eastern time. Daylight the first Business Day on which we have received the Saving Time applies when nationally in effect. We may notice from you. change the DPR period by posting notice on the DCP in 6.3. Depositor Control Panel advance of the change. (d) In DPR, you will see a list of Destination (a) IntraFi will assist us in providing the DCP. The Institutions to which your funds are proposed to be address of the Depositor Control Panel is allocated at DDA-MMDA Option Settlement later that https://www.depositorcontrol.com. day ("Proposed Placement List'), reflecting the (b) You represent thatyou have a computer with provisional allocation of all your funds, including funds Internet access, an a-mail' address, the ability to that will be moved from one Destination Institution to l another Destination Institution. The Proposed download and print information from the DCP, and the placement List will include the principal balance knowledge and experience to fuse an online tool for DCP functionality. In addition, you acknowledge that you allocated to each Destination Institution. If you review i 6 DDA-MMDA DPA-Version 2021-01 IntraF F°" ``'y" C D:.RS'and ICT Network Deposits do,,,-osit pwducs the Proposed Placement List,'and you click the approval 7. FDIC Insurance Considerations button or you do not reject any of the Destination Institutions on the list, you will be approving the 7.1. Deposit Insurance Coverage allocation and your funds will be allocated in accordance with the list. (a) You may obtain information about FDIC deposit insurance coverage by visiting the FDIC website (e) If you reject any of the Destination Institutions at www.fdic.gov or by contacting the FDIC by letter, on the Proposed Placement List, you will be approving email,or telephone. allocation to Destination Institutions on the list that you do not reject. After entering r (b) All of your deposits at a Destination Institution ejections,if sufficient time remains in DPR,you will have the opportunity to review in the same insurable capacity(whether you.are acting a list of other Destination Institutions to which your funds directly or through an intermediary)will be aggregated could be allocated ("Alternate Placement List"). If you for the SMDIA. You should add to your Exclusions List click the approval button fort the Alternate Placement any depository institution at which you have other List, or you do not reject I any of the Destination deposits in the same insurable capacity. Insurable Institutions on it, you will be approving the allocation of capacities include, among others, individual accounts your funds to any of the listed bestination Institutions. If and joint accounts. you reject any of the Destination Institutions on the (c) You are responsible for determining whether Alternate Placement List, !you will be approving deposits we place for you are maintained in separate allocation to listed Destination Institutions that you do insurable capacities. Separate divisions within a not reject. Your funds may be allocated to any corporate entity are not eligible for separate insurance combination of Destination Institutions on the Proposed coverage, and a separate TIN or other Depositor Placement List and the Alternate Placement List that Identifier does not establish a separate insurable you do not reject. capacity. (f) If the provisional allocation on a Business Day (d) We will use the Depositor Identifier to identify would result in funds of yours;currently at a Destination you, and we will place deposits for you on the Institution being moved to another Destination understanding that you are not submitting deposits for Institution and you reject the other Destination Institution placement under more than one Depositor Identifier in in DPR that Business Day,the funds will not necessarily the same insurable capacity. remain at the first Destination Institution. The funds will be allocated to a Destination;Institution that you do not (e) The requirements for FDIC deposit insurance reject or returned to the Root Account. coverage of the deposits of governmental units, (g) A Destination Institution that you reject in DPR including the United States government,state and local governments, the District of Columbia, and the will also be added to your Exclusions List,for purposes Commonwealth of Puerto Rico, are set forth in FDIC of future allocations,within one Business Day after the regulations. If you are a governmental unit, you are Business Day on which you submit the rejection. responsible for determining whether the requirements (h) We do not guarantee that all your funds will be for deposit insurance have been met. We are not allocated to Destination Institutions on any particular responsible for losses resulting from the placement of day, even if they were allocated to Destination deposits that are not eligible for FDIC deposit insurance. Institutions on a previous� day. Exclusions and (f) Records that we maintain,or that BNY Mellon rejections of Destination Institutions may increase the maintains for us, reflecting ownership of the Deposit chance that funds will not be allocated. If funds not yet Accounts will be used to establish your eligibility for transferred to the Deposit Accounts are not allocated to deposit insurance coverage. Accordingly, you must a Destination Institution on ai Business Day, the funds immediately report to us any changes in ownership will remain in the Root Account. If funds previously information so that there will be accurate information to transferred to the Deposit Accounts are not allocated to provide to the FDIC if a Destination Institution fails and a Destination Institution on a;Business Day, the funds the FDIC pays its insured deposits by cash payment. will be returned to the Root Account. The FDIC could also require you to provide additional documentation. 7 DDA-MMDA DPA-Version 2021-01 G°" Formerly IntraF� CIDAPS'andfCS' Network Deposits- d iposlr.products 7.2. Responsibility to Monitor Deposits; Available otherwise adequately protected,in a manner consistent Information with applicable law. You should consult your legal advisor to determine whether a collateralization (a) You are responsible for monitoring the total arrangement is consistent with applicable law. amount of your funds at each Destination Institution in each insurable capacity to determine the extent of FDIC (c) If you cannot accept the risk of having a deposit insurance coverage available to you for deposits deposit with us that is not fully insured, and we do not at that Destination Institution: You should confirm that offer arrangements of the kind described in Section each placement of your funds]at Destination Institutions 7.3(b) or we offer them but you do not make such is consistent with your exclusions and rejections. arrangements with us, you should not submit deposits for placement through the DDA-MMDA Option. (b) You can obtain publicly available financial information on Destination Institutions from the National 7.4. Deposit Insurance Payments Information Center of the Federal Reserve System at www.ffiec.gov/nicpubweb/nicweb/nichome.aspx. (a) In case of the liquidation of,or other closing or winding up of the affairs of, an insured depository 7.3. Uninsured Deposits j institution,the FDIC is generally required by law to pay each insured deposit "as soon as possible," either by (a) Although we will not place a deposit for you cash payment or by transferring the deposit to another through the DDA-MMDA Option at any one Destination insured depository institution. It is possible, however, Institution in an amount thai exceeds the SMDIA, a that an insurance payment could be delayed. Neither deposit that we place for you will not be eligible for FDIC we nor any other person or entity will be obligated to insurance coverage at a Dest'nation Institution before it advance funds to you with respect to an insurance becomes a deposit at the Destination Institution or after payment or to make any payment to you in satisfaction it is withdrawn from the Destination Institution. of a loss you might incur as a result of a delay in an insurance payment. (i) If we are an FDIC-insured depository institution and the Root Account is eligible for FDIC (b) If a Destination Institution at which we place insurance coverage, a deposit in the Root Account deposits for you is closed and the FDIC does not will be aggregated with your other deposits with us in transfer deposits that include your funds to another the same insurable capacity for application of the insured depository institution, but will make a deposit SMDIA of$250,000. insurance cash payment, we will cause a deposit u If we area credi union the share accounts insurance claim for your funds to be filed with the FDIC, ( ) t and we will credit to you the proceeds of the deposit of which are insured by the National Credit Union insurance claim that we receive for your funds, subject Administration ("NCUA") and the Root Account is a to any valid security interest. share account with us that is eligible for NCUA insurance coverage, a deposit in the Root Account (c) If the FDIC makes a deposit insurance cash will be aggregated with your other deposits with us in payment for a Deposit Account at a closed Destination the same insurable capacity for application of the Institution, the FDIC is required by law to pay the NCUA standard maximum share insurance amount principal amount plus unpaid accrued interest to the of$250,000. date of the closing of the Destination Institution, as i prescribed by law,subject to the SMDIA. No interest is (iii) If we are not an' FDIC-insured depository earned on a Deposit Account at a Destination Institution institution or the Root Account is not eligible for FDIC after it closes. insurance coverage, a deposit in the Root Account will not be FDIC-insured.!, If we are not an NCUA- (d) If the FDIC transfers the deposits of a closed insured credit union or the Root Account is not Destination Institution to another insured depository eligible for NCUA insurance coverage, a deposit in institution, the acquiring institution may assume a the Root Account will not be NCUA-insured. Deposit Account. The acquiring institution may change the rate at which it pays interest on the assumed Deposit (b) If you cannot accept the risk of having a Account,subject to your right to withdraw the funds. deposit with us that is not fully insured, you will be responsible for making arrangements with us,if we offer them,to have the deposits collateralized,protected by a properly-executed repurchase sweep arrangement, or i 8 DDA-MMDA DPA-Version 2021-01 i i Formerty AM IntraF• B ARS'and lCS !Network Deposits de posit products 8. Additional Considerations such notice,materials,or information to you. If you wish to receive such notice, materials, or information directly 8.1. Compare Rates from the mutual institution, or if you wish to attend or vote at any meeting of the depositor members of the (a) We are not acting as your investment advisor, mutual institution or receive subscription rights, you and we are not advising! you about alternative must, before the applicable record date (a date that is investments. You are respgnsible for comparing the usually at least one year before the mutual institution's rates of return and other features of the Deposit Accounts to other available deposit accounts and other board of directors adopts a plan of conversion),dismiss p us as your custodian and have the Deposit Account kinds of investments before choosing placement recorded on the records of the mutual institution in your through the DDA-MMDA Option. name pursuant to Section 2.2. (b) The Interest Rate may be higher or lower than 9,• Other Provisions a cost-of-funds rate for a Destination Institution, an interest rate for another customer, or interest rates on 9.1. Release and Use of Identifying Information comparable deposits available directly from us,from the Destination Institutions at which the Deposit Accounts (a) We may provide information that identifies you are held, from other Destination Institutions, or from. ('Identifying Information"), including your name, your insured depository institutions that are not Destination TIN or other Depositor Identifier, and information on Institutions. ! your deposits, to a party that provides services in connection with the DDA-MMDA Option ("Service 8.2. Allocation Considerations Provider'),including IntraFi and BNY Mellon. A Service Provider may use Identifying Information in providing (a) The DDA-MMDA Option allocation process is services in connection with the DDA-MMDA Option. subject to applicable law and may be affected by our objectives, IntraFi's objectives, or both, including (b) We or a Service Provider may also provide administrative convenience, ;reduction of costs, and Identifying Information to a Destination Institution, but enhancement of profits. will do so only to the extent necessary to comply with a request by you or your agent or to comply with (b) Participating institutions in the DDA-MMDA applicable law. In addition, we or a Service Provider Option service may make ;compensatory payments may provide Identifying Information to the FDIC in resulting in payments to other participating institutions, connection with a deposit insurance claim. or receive compensatory payments resulting from payments by other participating institutions, including (c) Except as provided in Section 9.1(a) or compensatory payments that reflect the difference Section 9.1(b), we will not provide Identifying between an interest rate for deposits placed by an Information to any party unless we determine that(i)we institution and a rate at which the receiving institution are required by applicable law to do so or (ii) we are would otherwise pay interest.! permitted by applicable law to do so and have i reasonable grounds to do so to protect our own legal or 8.3. Mutual Institution Rights business interests or the legal or business interests of I IntraFi or BNY Mellon. (a) Your funds may be placed in a Deposit Account at a Destination Institution that is in the mutual (d) IntraFi may use and disclose any and all form of organization. Such a Deposit Account will be analyses, comparisons,. indexes, or other data or recorded on the records of the mutual institution in the information assembled, compiled, or otherwise name of the sub-custodian and not in your name. The developed by IntraFi, including information regarding sub-custodian will not attend for vote at any meeting of aggregated activity of the DDA-MMDA Option the depositor membersof!a mutual institution, or depositors, as long as it does not individually identify exercise any subscription rigtjts in a mutual institution's you. mutual-to-stock conversion, either on its own behalf or on your behalf. 9.2. Tax Reporting and Withholding (b) If we receive from the sub-custodian notice of (a) To the extent required by applicable law, we a meeting of depositor members of a mutual institution will file with the U.S. Internal Revenue Service ("IRS"), or other materials or information relating to a mutual and furnish to you,IRS Form 1099-INT or its equivalent, institution's mutual-to-stock conversion,we may forward i 9 DDA-MMDA DPA-Version 2021-01 Fri1merly IntraFi CbAPS and ICS Network Deposits' deposit products or IRS Form 1042-S or its equivalent, for interest paid PUNITIVE, INCIDENTAL, OR CONSEQUENTIAL DAMAGES on the Deposit Accounts by the Destination Institutions. (INCLUDING LOST PROFITS). (b) If we are notified ,by the IRS that backup (d) ANY DISPUTE ARISING OUT OF OR IN CONNECTION withholding is required for Interest on the Deposit WITH THIS AGREEMENT WILL BE GOVERNED BY THE DISPUTE Accounts, or if we otherwise determine that we are RESOLUTION, ARBITRATION, CHOICE OF LAW, VENUE, required by applicable law to collect such backup WAIVER OF JURY TRIAL,AND COSTS RELATED TO DISPUTES withholding,we will collect it and pay it to the IRS. PROVISIONS, IF ANY, CONTAINED IN THE CUSTODIAL AGREEMENT. 9.3. Liability and Dispute Resolution 9.4. Miscellaneous (a) We will maintain,directly or through a Service Provider,appropriate records of our placements for you. (a) This Agreement constitutes the entire We will not place deposits for you through the DDA- agreement between you and us relating to the MMDA Option at a Destination Institution that is the placement of deposits through the DDA-MMDA Option subject of a then-effective exclusion on your Exclusions and any other matter herein, supersedes prior List, at a Destination Institution that is the subject of a agreements, understandings, negotiations, then-effective rejection by you, or at a Destination representations,and proposals,whether written or oral, Institution under one Depositor Identifier in an amount relating to any matter herein, and may not be amended that exceeds the SMDIA. by any oral representation or oral agreement. This Section 9.4(a)will not affect the validity of any addenda (b) If all or part of your deposit at a Destination into which we have entered with you. Institution is uninsured because of our failure to comply with the requirements set forth in Section 9.3(a), and if (b) Schedule 1 and Schedule 2 are incorporated the Destination Institution fails and you do not otherwise into and made part of this Agreement. We may amend recover the uninsured portion;we will reimburse you for this Agreement, including any Schedule, prospectively your documented loss of the uninsured portion that you by giving you written notice of the amendment at least do not otherwise recover. i fourteen (14) days before the effective date of the amendment,which will be specified in the amendment (c) SUBJECT TO OUR REIMBURSEMENT OBLIGATION or,if no effective date is specified in the amendment,the IN SECTION 9.3(b), AND EXCEPT AS MAY BE OTHERWISE date that is fourteen(14)days after we give you written REQUIRED BY APPLICABLE LAW,WE WILL NOT BE LIABLE,AND notice of the amendment. We may provide written IN NO EVENT WILL INTRAR OR BNY MELLON BE LIABLE,TO notice of the amendment by means of a posting on the YOU OR TO ANY OTHER PERSON OR ENTITY FOR ANY LOSS DCP, an entry on your account statement, an email OR DAMAGE INCURRED OR 1ALLEGEDLY INCURRED IN message,or a printed letter. CONNECTION WITH THIS AGREEMENT. WITHOUT LIMITING THE FOREGOING,WE,INTRAFI,AND BNY MELLON WILL NOT (c) Either party may terminate this Agreement on HAVE ANY LIABILITY TO YOU OR ANY OTHER PERSON OR written notice to the other, but the obligations of both ENTITY FOR: (I)ANY LOSS ARISING OUT OF OR RELATING TO parties will survive with respect to any funds deposited A CAUSE OVER WHICH WE DO NOT HAVE DIRECT CONTROL, at the time of termination. In addition,the provisions of INCLUDING THE FAILURE OF ELECTRONIC OR MECHANICAL this Section 9.4 will survive termination. EQUIPMENT OR COMMUNICATION LINES, TELEPHONE OR OTHER INTERCONNECT PROBLEMS,UNAUTHORIZED ACCESS, (d) Except as provided In Section 2.2(d), this THEFT, OPERATOR ERRORS, GOVERNMENT RESTRICTIONS, Agreement may not be assigned, in whole or in part, by OR FORCE MAJEURE (E.G., EARTHQUAKE, FLOOD, SEVERE either,party except by operation of law or as required by OR EXTRAORDINARY WEATHER CONDITIONS, NATURAL applicable law, and any purported assignment In DISASTERS OR OTHER ACT OF!GOD, FIRE, ACTS OF WAR, violation hereof is void. TERRORIST ATTACKS,INSURRECTION,RIOT,STRIKES,LABOR DISPUTES OR SIMILAR PROBLEMS, ACCIDENT, ACTION OF (e) The headings in this Agreement are not GOVERNMENT, COMMUNICATIONS, SYSTEM OR POWER intended to describe,interpret,define,or limit the scope, FAILURES,OR EQUIPMENT OR SOFTWARE MALFUNCTION),(ii) meaning,or intent of this Agreement or any clause in it. DELAY IN ANY FDIC INSURANCE PAYMENT, (III) THE Except as otherwise specified,a reference to a Section FINANCIAL CONDITION OF ANY DESTINATION INSTITUTION OR is a reference to a section of this Agreement. A THE ACCURACY OF ANY FINANCIAL INFORMATION ABOUTANY reference to a Schedule is a reference to a schedule to DESTINATION INSTITUTION,OR(IV)ANY SPECIAL,INDIRECT, this Agreement. The term"applicable law"refers to all applicable statutes, rules, regulations, and judicial 10 DDA-MMDA DPA-Version 2021-01 •' formerly IntraFi CfDARS'andICS- Network Deposits- dgposit produccs I orders, whether federal, state, or local. The words against you and us when executed by one of the "include," "includes," and "including" do not imply following means that we accept: (i)an original manual exclusion. signature, (ii) a DocuSigneSignature or another electronic signature that we accept, or (iii) a faxed, (f) This Agreement and, unless otherwise scanned (including in a Portable Document Format or provided in the Custodial Agreement, the Custodial PDF document), or photocopied signature that we Agreement may be executed in counterparts, each of accept. Each DocuSign®eSignature, other electronic which shall be deemed to be an original, but such signature,or faxed, scanned, or photocopied signature counterparts shall, together, constitute only one that we accept shall for all purposes have the same instrument. This Agreement and, unless otherwise validity, legal effect,and admissibility in evidence as an provided in the Custodial Agreement, the Custodial original signature,and you and we waive any objection Agreement will be valid, binding, and enforceable to the contrary. The remainder of this page is intentionally left blank. i i I i i I i i 11 DDA-MMDA DPA-Version 2021-01 I. i I I i IntraFi Formerly {. 1-' GARS'and ICS Network Deposits- d POSAproducts By signing below, you ("Depositor') and we ("Relationship Institution") agree to be legally bound by this IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement, effective when you and we have signed it. If the Custodial Account will be a joint account,each owner of the Custodial Account must sign this Agreement. RELATIONSHIP INSTITUTION SOLE OR PRIMARY DEPOSITOR Institution: MidAmerica National Bank Depositor: Crystal Wilkinson Signature: L Signature: �f��f�ta� �L�uQG��rnoEm Name and title of authorized signatory: Name and title of authorized signatory(if not individual): i Jodi Wilcoxen I Crystal Wilkinson Business Banking Officer Treasurer I Date signed: 01/26/2022 i Depositor TIN or approved alternate identifier(and type): 37-6000876 I I Email: cwilkinson@cantoncityhall.org Date signed: �I a�'a a ADDITIONAL DEPOSITOR(FOR JOINT ACCOUNT) i Depositor: Kent McDo ell Signature: x jDepositor TIN or approved alternate identifier(and type): i i Email: kmcdowell@cantoncityhall.org Date signed: x 2 j ADDITIONAL DEPOSITOR(FOR JOINT ACCOUNT) I Depositor: Di na Pavle ock Signature: Depositor TIN or approved alternate identifier(and type): i Email: dpavley@cantoncityhall.org Date signed: c �' J - zo (Add signature lines as needed.) i 12 DDA-MMDA DPA-Version 2021-01 i I PriyIntraFf CiPS'a ndICS'Network Deposits- products Schedule 1 to IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement Program Deposits and Program Withdrawals 9 P 9 This Schedule.1 is part of the IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement("AgreemenC). Terms not defined in this Schedule 1 have the meanings, if any,assigned elsewhere in the Agreement. 1. Soecified Terms ! (a) For DDAs,the Target Balance, Minimum Sweep Amount,and Minimum Return Amount are as follows: Target Balance Minimum Sweep Amount Minimum Return Amount $150,000 $150,100 $150,100 i (b) For MMDAs,the Target Balance, Minimum Sweep Amount,and Minimum Return Amount are as follows: 1 Target Balance Minimum Sweep Amount Minimum Return Amount $ $ $ (c) The Same-Day Deposit Cutoff Time is as follows: ! II•--�%�AM 11 PM Eastern117 Central Mountain �! Pacific (insert time) (check AM or PM) (check time zone) ! Daylight Saving Timq applies when nationally in effect unless checked here F 2. Program Deposits (a) The Triggering Eventifor a Regular Program Deposit is a net change in your Root Account balance that causes it to exceed the Target Balance by more than the Minimum Sweep Amount. After posting all your Root Account activity for a Business Day,we will determine whether your Root Account balance exceeds the Target Balance by more than the Minimum Sweep Amount: Subject to the terms and conditions of this Agreement,if such a Triggering Event occurs, we will transfer the amount by which your Root Account balance exceeds the Target Balance to the Deposit Accounts at DDA-MMDA Option Settlement on the next Business Day. (b) The Triggering Event,for a Same-Day Program Deposit is a Same-Day Program Deposit request by you that we receive and accept before the Same-Day Deposit Cutoff Time on a Business Day. Subject to the terms and conditions of this Agreement, if such a Triggering Event occurs,we will transfer the requested amount to the Deposit Accounts at DDA-MMDA Option Settlement later on the same Business Day. (c) If a Triggering Event for a Program Deposit occurs,we may debit the Root Account and credit a holding account before the transfer of funds to the Deposit Accounts occurs at DDA-MMDA Option Settlement. 3. Program Withdrawals (a) All Program Withdrawals will be Regular Program Withdrawals,which occur on the Business Day following the Triggering Event. The Triggering Event for a Program Withdrawal is a net change in your Root Account balance, after the posting of all your Root Account activity for a Business Day,that causes it(exclusive of any amounts that we credit as advances in anticipation of a Program Withdrawal)to be less than the Target Balance by more than the Minimum Return Amount. Subject to the terms and conditions of this Agreement,if such a Triggering Event occurs,we will transfer an amount from the Deposit Accounts at DDA-MMDA Option Settlement on the next Business Day, up to the available amount in the Deposit Accounts,sufficient to restore your Root Account balance to the Target Balance. S1-1 DDA-MMDA DPA Schedule 1 T2-DS-Version 2021-01 i i i IntraFi CbAp ly Cid:RS'ani fG`>>' Network Deposits' nipos+cpladucts (b) Subject to the terms and conditions of this Agreement, and subject to the rules and cutoff times that otherwise apply to root accounts with us;,we will honor your debit transactions in the Root Account so long as the sum of your Root Account balance and your balance in the Deposit Accounts of the applicable type,after taking into account any pending Program Deposits and any pending Program Withdrawals,is not less than zero. We will do so even if the amount of the debit transaction exceeds your Root Account balance. You will owe us any amounts that we credit as advances in anticipation of a Program Deposit and we will retain those amounts from the funds we receive at DDA-MMDA Option Settlement. j (c) If a Triggering Events for a Program Withdrawal occurs, we may credit the Root Account and debit a holding account before the transfer of funds from the Deposit Accounts occurs at DDA-MMDA Option Settlement. i I I j j I I i I S1-2 DDA-MMDA DPA Schedule 1 T2-DS-Version 2021-01 I IntraFi Fp`medy COAPS'and ICS Network Deposits' e"Mt product, Schedule 2 to IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement Account Type,Placement Feature,and Exclusions ; This Schedule 2 is part of the IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement("Agreemenf'). Terms not defined in this Schedule 2 have the meanings,if any,assigned elsewhere in the Agreement. 1. Account Type We will place deposits for you in DDAs. We will lace de osits for you in MMDAs. You may use up to six MMDA Program P P Withdrawals per month. ; 11-11 We may place deposits for you in DDAs or No per-month MMDA Program Withdrawal in MMDAs. F111 limit applies. (Check one above.) (If MMDAs will or may be used, check one above.) 2. Placement Feature We may use the Reciprocal Feature,the One-Way Feature,or both in placing r0l deposits for you. ✓❑ We will fuse only the Reciprocal Feature in placing deposits for you. FE11We will use only the One-Way Feature In placing deposits for you. (Check one above.) 3. Exclusions i (a) You may place depository institutions on your Exclusions List by identifying them in the list below, unless we specify another means by which you will provide your Exclusions List. (b) The Exclusions List should include the city and state of the depository institution's main office (rather than the city and state of a branch location). The Exclusions List may also include the institution's FDIC certificate number or transit routing number. If you,do not list any exclusions enter"none"under Name of Institution on the first line(but your signature after a blank list will constitute your acknowledgment that you have not listed any exclusions). i ! i i I S2-1 DDA-MMDA DPA Schedule 2-Version 2021-01 mer IntraFf rAPs'y r GPRRs anci K.�` Network Deposits' . e posy=products (c) Exclusions List: Name of Depository Institution City and State FDIC Certificate or Routing Number Wells Fargo Canton, IL 071101307 Bank of Farmington Canton, IL 071105882 Ipava State Bank Canton, IL 071113748 Illinois Funds Springfield, IL 075000022 Illini Bank Springfield, IL 071109163 ! I - (Add lines if necessary.) Signature of sole or primary Depositor r I i I I I i i S2-2 DDA-MMDA DPA Schedule 2-Version 2021-01 i i Custodial Agreement You,the undersigned,enter into this Custodial Agreement("Agreement")with the following financial institution("we" or"us"): MidAmerica National Bank 1. Pursuant to this Agreement, you authorize us to hold and act as your custodian with respect to all deposit accounts, including all time ideposits, money market deposit accounts, and demand deposit accounts, issued or established pursuant to the IntraFi Network Deposits CD Deposit Placement Agreement, the IntraFi Network Deposits DDA-MMDA Deposit Placement Agreement,or a predecessor agreement("Deposit Accounts")for funds of yours placed as deposits through the IntraFism Network Depositss" CD Option ("CD Option"), formerly known as CDARS®, or the IntraFi Network Deposits DDA-MMDA Option ("DDA-MMDA Option"), formerly known as ICS®, and all your security entitlements and other related interests and assets with respect to the Deposit Accounts("Related Entitlements"). The custodial account in which we will hold the Deposit Accounts and Related Entitlements("Custodial Account")comprises all the CD Option and DDA-MMDA Option custodial accounts that we maintain for you. 2. As your custodian,w'e may(i)cause the Deposit Accounts to be titled in our name or in the name of our sub- custodian, (ii) collect for yours account all interest and other payments of income or principal pertaining to the Deposit Accounts,(iii)endorse on your behalf any check or other instrument received for your account that requires endorsement, (iv)in accordance with your instructions, deposit your funds in,or withdraw your funds from,the Deposit Accounts, (v) in accordance with your instructions, deliver or transfer funds from another account with us to the Deposit Accounts or deliver or transfer funds from;the Deposit Accounts to another account with us, (vi)for Deposit Accounts that are time deposits,surrender for payment for your account maturing CDs and those for which early withdrawal is requested, (vii) execute and deliver or file on your behalf all appropriate receipts and releases and other instruments,including whatever certificates may be required from custodians or may be necessary to obtain exemption from taxes and to name you when required for the purpose of the instrument, and (viii) take such other actions as are customary or necessary to effectuate the purposes of this Agreement. 3. For purposes of Article 8 of the Uniform Commercial Code in applicable state law("UCC'),we will act as your securities intermediary for, and will treat as financial assets, any Deposit Accounts and Related Entitlements that we hold for you pursuant to this Agreement. The Custodial Account will be a securities account,as defined in the UCC. 4. We may comply with any writ of attachment, execution, garnishment, tax levy, restraining order, subpoena, warrant,or other legal process that we believe(correctly or otherwise)to be valid. We may notify you of such process by telephone, electronically, or in writing. If we are not fully reimbursed for records research, imaging, photocopying, and handling costs by the parry that served the process,we may charge such costs to your account, in addition to any minimum fee we charge for complying with legal processes. 5. We may honor any legal process that is served personally,by mail,or by electronic mail or facsimile transmission at any of our offices or an office of our agent(including locations other than where the funds,records,or property sought is held),even if the law requires personal delivery at the office where your account or records are maintained. 6. We will have no liability to you for any good-faith act or omission by us in connection with this Agreement. You agree to indemnify us and our sub-custodian, and to hold us and our sub-custodian harmless from, all expenses (including counsel fees),liabilities,and claims arising out of any good-faith act or omission by us in connection with this Agreement or compliance with any legal process relating to the Custodial Account that we believe(correctly or otherwise) to be valid. You agree to pay;any service charges that we impose on the Custodial Account. 7. You may be an individual in an individual capacity, more than one individual in a joint capacity, or a trust, partnership,corporation,or other legal entity. We may accept instructions on your behalf from any individual who signs this Agreement as or on behalf of a Depositor and from any of the following individuals: i t 1 CAT-Version 2021-01 I i Name Title or Legal Capacity Crystal Wilkin son Treasurer Kent McDowell Mayor Diana Pavle -Rock City Clerk i (Add lines if necessary.) The remainder of this page is intentionally left blank. i i I i i �I I i I I, i i i 2 CAT-Version 2021-01 I i By signing below, you ("Depositor')and we ("Relationship Institution")agree to be legally bound by this Custodial Agreement, effective when you and we have signed it. If the Custodial Account will be a joint account, each owner of the Custodial Account must sign this Agreement. RELATIONSHIP INSTITUTION SOLE OR PRIMARY DEPOSITOR I Institution: MidAmerica Nation/al Bank Depositor: Crystal Wilkinson Signature: L� Signature: Name and title o authorized signatory: Name and title of authorized signatory(if not individual): Jodi Wilcoxen Crystal Wilkinson Business Banking Officer Treasurer Date signed: 01/26/2022 Depositor TIN or approved alternate identifier(and type): 37-6000876 Email: cwilkinson@cantoncityhall.org I Date signed: I ADDITIONAL DEPOSITOR(FOR JOINT ACCOUNT) Depositor: Kent Mc owell Signature: Depositor TIN or approved alternate identifier(and type): I i I i Email: kmcdowell@cantoncityhall.org Date signed: x I ADDITIONAL DEPOSITOR(FOR JOINT ACCOUNT) Depositor: Diana avle -Ro Signature: x Depositor TIN or approved alternate identifier(and type): I i j Email: dpavley@cantoncityhall.org Date signed: (Add signature lines as needed.) i i 3 CAT-Version 2021-01 i Changes on Existing Checking Accounts Title of Account City of Canton Account# 35358 ! Water/Sewer General Fund I Change TYPE of Account to(check one): eChecking(Online Banking Application is required with eChecking) [- M-Club eChecking:(Online Banking Application is required with M-Club eChecking) [I Great Start Checking(Online Banking Application is required with Great Start Checking) [i Classic Checking ❑ M-Club Checking [j Preferred Sweep-Floating Small Business Checking ❑ M-Club NOW Checking r Preferred Sweep-Fixed Business Checking F; NOW Checking [vj Business Plus Checking ❑ Money Market ❑ Compensating balance to dffset monthly service fee on Classic Checking or M-Club Checking only: Savings# CD or IRA# Mort Ln# ® NEW Disclosure given: x❑ In person ❑ Mailed i Bank Representative I Jodi Wilcoxen Date 01/26/2022 ❑ Online Banking Application!Attached(Required with eChecking,M-Club eChecking&Great Start Checking) Customer Signature CII� t i Q l�1 Date Customer Signature Date Bank Representative Date i Phone Verification i i WA14TURVAL1741W. EstnA4shM�9A7 MemborFQLC i your bank for life midnatbank.com • 1-877-647-5050 Canton Cuba Henry • Lewistown • Macomb Changes on Existing Checking Accounts 07-2021 I I ,