Explanation
BACKGROUND: The purpose of this ordinance is to increase the current contract between the City Treasurer and the Fifth Third Bank, and its processing agent, Fifth Third Processing Solutions, for credit card processing services at Building Regulations in the amount of $35,000 and at the Cultural Arts Center in the amount of $500.00. The contract runs through February 28, 2005
FISCAL IMPACT: Funds are available in the appropriate budgets to cover this expense.
Title
To authorize the City Treasurer to modify a contract with Fifth Third Bank and its processing agent, Fifth Third Processing Solutions, for the provision of credit card processing services, and to authorize the expenditure of $35,000 from the Development Services Fund, and $500.00 from the Recreations and Parks Operating Fund, and to declare an emergency, ($35,500)
Body
Whereas, the City Treasurer has entered into a contract with Fifth Third Bank and its processing agent, Fifth Third Processing, for credit card processing services.
Whereas, as an emergency exists in the usual daily operation of Building Regulations and the Department of Recreation and Parks and it is immediately necessary to increase the existing contract between the City Treasurer and Fifth Third Bank and its processing agent, Fifth Third Processing Solutions for the processing of credit card payments, now therefore;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Treasurer is authorized to increase the contract between the City of Columbus and Fifth Third Bank, and its processing agent, Fifth Third Processing Solutions, for the processing of credit cards in the amount of $35,500.
Section 2. That the expenditure of $35,500 is authorized as follows:
Department Fund OCA Code Object Level 3 Amount
44-03 240 440377 3348 $35,000
51-01 285 510628 3348 $ 500
Section 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.