Explanation
The Division of Income Tax has previously contracted with the JP Morgan Chase Bank, N.A. for the purpose of providing ACH credit transactions related to the processing of income tax remittances.
The banking services contract provides for the processing of electronic ACH credit files and payment transactions of city income tax receipts. The City Treasurer is currently evaluating Request for Proposal SA004617/Banking Services and has yet to make a final recommendation with regard to this as well as other banking services. As a result, it is necessary to extend the current service agreement for 90 days to ensure that service to taxpayers is uninterrupted. The total expenditure for this additional period shall not exceed $20,000.00.
FISCAL IMPACT
The funds for this modification are included in the Division of Income Tax budget for 2013 in the amount of $20,000.
Title
To authorize and direct the City Auditor to modify, extend and increase a contract with the JP Morgan Chase Bank, N.A. for the processing of ACH credit transaction services to be performed for the City Auditor, Division of Income Tax from March 1, 2013 through May 31, 2013; to authorize the expenditure of $20,000.00 from the general fund; and to declare an emergency. ($20,000.00)
Body
WHEREAS, the Division of Income Tax originally entered into a contract with the JP Morgan Chase Bank, N.A. on March 1, 2006; and
WHEREAS, Contract No. EL006394 expires February 28, 2013; and
WHEREAS, the Division of Income Tax desires the City Auditor to modify, extend and increase the original agreement for an additional three (3) months through May 31, 2013; and
WHEREAS, an emergency exists in the usual daily operation of the Income Tax Division in that it is necessary to ensure uninterrupted services by modifying and extending the contract with JP Morgan Chase Bank, N.A. thereby preserving the public health, peace, property, safety and welfare, now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor be and is hereby authorized and directed to modify, extend and increase the contract with JP Morgan Chase Bank, N.A. for ACH credit transaction services for the processing of income tax remittances through May 31, 2013.
Section 2. That the expenditure of $20,000.00 or so much thereof as may be necessary is hereby authorized from the General Fund 010, Auditor's Office/Income Tax Division 22-02, OCA Code 220202, Object Level Three 3348.
Section 3. That for the reasons stated in the preamble, which is hereby made a part of, this ordinance is hereby declared to be emergency measure and shall be in force and after its passage and approval; by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.