City of Columbus - File #: 2656-2023

• File #: 2656-2023
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/15/2023
• In control: Public Safety Committee
• On agenda: 9/18/2023
• Final action: 9/21/2023
• Title: To authorize an appropriation of $50,000.00 from the unappropriated balance of the Law Enforcement Contraband Seizure Fund; to authorize the City Treasurer to enter into a contract for gift card banking services with US Bank NA; to authorize the expenditure of up to $200,000.00 from the General Fund; to authorize the expenditure of up to $50,000.00 from the Law Enforcement Contraband Seizure Fund; and to declare an emergency. ($250,000.00)

Date	Ver.	Action By	Action	Result
9/21/2023	1	CITY CLERK	Attest
9/20/2023	1	MAYOR	Signed
9/18/2023	1	COUNCIL PRESIDENT	Signed
9/18/2023	1	Columbus City Council	Approved	Pass

Explanation

BACKGROUND:
On December 12, 2022 the Columbus City Treasurer's Office in collaboration with the Department of Finance and Management and the City Auditor’s Office issued a request for proposal, RFQ023687, for various banking services. An Evaluation Committee comprised of five representatives from the City Treasurer’s Office, Department of Public Utilities, Department of Finance and Management, Division of Income Tax and the City Auditor’s Office received and reviewed proposals from six (6) banks. On May 12, 2023 a joint meeting of the Columbus Depository Commission and Treasury Investment Board was held at which the Treasurer presented the Evaluation Committee’s rankings of offerors. The Treasurer recommended, and the Depository Commission and Treasury Investment Board approved, subject to successful negotiation and the approval of City Council, the award of banking services to specific banks.

All such banks are currently eligible depositories of the City of Columbus, pursuant to Chapter 321.04 of the Columbus City Code. The contracts are for a period of ten (10) years beginning September 1, 2023 through August 31, 2033 subject to annual appropriations and approval of contracts by the Columbus City Council.

The Treasurer wishes to make the initial contract term 17 months to better align the annual term with the City’s budget.

The City Treasurer’s contract with US Bank will provide City agencies the ability to use gift as incentive payments for agency programs. In a previous contracts, ordinances that have authorized gift cards included:
· 1821-2021: Authorized the use of gift cards by Columbus Public Health (CPH) as an incentive for those that received a vaccine at a CPH COVID-19 vaccination site.
· 2188-2021: Authorized an additional allocation of gift cards for use by CPH for same initiative.
· 2579-2021: Authorized the use of gift cards by the Department of Public Safety as compensation to individuals to voluntarily surrendered firearms dur...