Explanation
Background: This ordinance authorizes the Franklin County Municipal Court Clerk to modify and increase the amount of the third year of a three year contract with Huntington National Bank for the provision of bank and credit card services, for the Clerk's office.
Ordinance 2167-2006 approved by Council on December 11, 2006 authorized the first year of a three year contract with Huntington National Bank for the provisions of bank and credit card services.
Contract Modification:
1. The amount of additional funds to be expended under this modification is $56,000.00.
2. As per agreement with Huntington National Bank the Clerk's office receives earnings credits on funds deposited with the Huntington National Bank, which are used to offset the bank service charges. These credits are based on the current federal fund rate (interest) set by the Federal Reserve. The decline in this rate caused a decrease in these earnings credit, causing a commensurate increase in the Court Clerk's banking service costs. As a result additional funds are needed to pay for the bank and credit card costs for the remaining term of the contract, ending December 31, 2009.
3. It is in the city's best interest to modify and increase the amount of the current contract with Huntington National Bank to maintain uninterrupted bank services for the Clerk's office.
Contracts:
Original Contract # EL006711- $40,000.00; Ordinance 2167-2006
First Contract Modification # EL006711; No Additional Funds Required; Ordinance 1519 -2007
Second Contract Modification # EL008390 - $80,000.00; Ordinance 1007 - 2008
Third Contract Modification # EL009021 - $41,517.00; Ordinance 1685-2008
Fourth Modification #EL009233 - $90,000.00; Ordinance 0285 - 2009
Fifth Modification - $56,000.00
Contract Compliance Number: 31-0966785
Expiration Date: 09/15/2011
This company is not debarred according to the excluded party listing system of the Federal Government or prohibited from being awarded a contract according to the Auditor of State unresolved finding for recovery certified search.
Fiscal Impact: Sufficient funds are available within the Clerk's 2009 general fund budget.
Emergency: To maintain uninterrupted bank services for the Franklin County Municipal Court Clerk's office.
Title
To authorize and direct the Franklin County Municipal Court Clerk to modify and increase the contract with Huntington National Bank for the provision of bank and credit card services; to authorize an expenditure of $56,000.00 from the General Fund; and to declare an emergency. ($56,000.00)
Body
Whereas, Ordinance 2167-2006 approved by Council on December 11, 2006 authorized the first year of a three year contract with Huntington National Bank for the provisions of bank and credit card services; and
Whereas, it is necessary for the Municipal Court Clerk to modify and increase the third year of a three year contract with Huntington National Bank to continue the bank and credit card services for the Franklin County Municipal Court Clerk's Office; and
Whereas, an emergency exists in the daily operations of the Franklin County Municipal Court Clerk's Office in that it is necessary to authorize such contract modification in order to continue the bank services without interruption, for the immediate preservation of the public peace, health, safety and welfare, now therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBES:
Section 1. That the Franklin County Municipal Court Clerk is authorized and directed to modify and increase the amount of the third year of a three year contract with Huntington National Bank in the amount of $56,000.00, for the provision of bank and credit card services.
Section 2. That the expenditure of $56,000.00 or so much thereof as may be necessary is hereby authorized to be expended from the Clerk's general fund, fund 010, subfund 01, department 2601, OCA 260166, object level one 03, object level three 3348 to contract with the Huntington National Bank.
Section 3. That for reasons stated in the preamble hereto, where is hereby made a part hereof, this ordinance is hereby declared an emergency measure, which shall take effect and be in force from and after its passage and approved by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.