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 Service in the amount of $45,000, at the Division of Electricity in the amount of $12,000 and at the Golf Division in the amount of $14,500 The contract runs through February 28, 2006
FISCAL IMPACT: Funds are available in the appropriate budgets to cover this expense. A transfer within the Development Services Fund is requested.
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, to authorize a transfer of $45,000 within the Development Services Fund; and to authorize the expenditure of $45,000
from the Development Services Fund, $12,000 from the Electricity Operating
Fund and $14,500 from the Golf Special Revenue Fund and to declare
an emergency. ($71,500)
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 Services Division and the Department of Electricity and the Division of Golf 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 $71,500.
Section 2. Tha...
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