Explanation
This ordinance is to increase the current contract between the City Treasurer and the Fifth Third Bank, and its processing agent, Midwest Payment Systems, for credit card processing services at the Division of Water and extend the contract term through December 31, 2004.
BACKGROUND: Credit card payments are accepted for payments by the Water Division.
FISCAL IMPACT: Funds are available in the Water Works Operating budget to cover this expense.
Title
To authorize the City Treasurer to modify a contract with Fifth Third Bank and its processing agent, Midwest Payment Systems, for the provision of credit card processing services, and to authorize the expenditure of $52,000.00 from the Water Works Operating fund and to declare an emergency. ($52,000.00)
Body
Whereas, the City Treasurer has entered into a contract with Fifth Third Bank and it's processing agent, Midwest Payment Systems, for credit card processing services; now therefore: .
Whereas, as an emergency exists in the usual daily operation of the Department of Public Utilities - Water Division, and it is immediately necessary to increase the existing contract between the City Treasurer and Fifth Third Bank and its processing agent, Midwest Payment Systems 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, Midwest Payment Systems, for the processing of credit cards in the amount of $52,000.00.
Section 2. That the expenditure of $52,000.00 is authorized as follows:
| Department, 60-09 | Fund, 600 | OCA Code, 602318 | Object Level 3, 3348 | Amount, $52,000.00 |
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 ...
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