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 Building Regulations, the Division of Electricity, the Recreation and Parks Department, and the Parking Violations Bureau. The contract runs through February 28, 2004.
BACKGROUND: Credit card payments are accepted for payments at the various City Departments listed above. Original estimates of expenditures for 2003 have proven to be too low.
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, Midwest Payment Systems, for the provision of credit card processing services, and to authorize the expenditure of $35,000 from the Development Services Fund, the expenditure of $1,500 from the Electricity Operating Fund, the expenditure of $5,550 from the Recreation and Parks Operating
Fund, and the expenditure of $1,000 from the General Fund. and to declare an emergency, ($43,050)
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 ofthe various City Departments listed above, 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 $43,050.
Section 2. That th...
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