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File #: 0177-2005    Version: 1
Type: Ordinance Status: Passed
File created: 1/21/2005 In control: Administration Committee
On agenda: 2/28/2005 Final action: 3/2/2005
Title: To authorize the City Treasurer to modify contracts for various banking services: to authorize the expenditure of up to $100,650.00 from the General Fund, $22,000.00 from the Recreation and Parks Operating and Extension Fund, $42,000.00 from the Golf Course Operating Fund, $18,000.00 from the Electric Operating Fund, $170,000.00 from the Water Operating Fund, $70,000.00 from the Development Services Fund, and to declare an emergency ($422,650.00).
Date Ver.Action ByActionResultAction DetailsMeeting Details
3/2/20051 MAYOR Signed  Action details Meeting details
3/2/20051 CITY CLERK Attest  Action details Meeting details
2/28/20051 Columbus City Council ApprovedPass Action details Meeting details
2/28/20051 COUNCIL PRESIDENT Signed  Action details Meeting details
2/24/20051 CITY TREASURER Reviewed and Approved  Action details Meeting details
2/24/20051 CITY ATTORNEY Reviewed and ApprovedFail Action details Meeting details
2/24/20051 CITY TREASURER Sent to Clerk's Office for Council  Action details Meeting details
2/23/20051 City Clerk's Office Sent back for Clarification/Correction  Action details Meeting details
2/11/20051 City Clerk's Office Sent back for Clarification/Correction  Action details Meeting details
2/11/20051 CITY TREASURER Sent to Clerk's Office for Council  Action details Meeting details
2/10/20051 CITY TREASURER Sent to Clerk's Office for Council  Action details Meeting details
2/9/20051 CITY AUDITOR Reviewed and Approved  Action details Meeting details
2/8/20051 CITY ATTORNEY Reviewed and Disapproved  Action details Meeting details
2/8/20051 CITY TREASURER Reviewed and Approved  Action details Meeting details
2/1/20051 Auditor Reviewer Contingent  Action details Meeting details
2/1/20051 CITY TREASURER Reviewed and Approved  Action details Meeting details
1/31/20051 CITY TREASURER Reviewed and Approved  Action details Meeting details
1/31/20051 ODI DIRECTOR Reviewed and Approved  Action details Meeting details
1/31/20051 CITY TREASURER Reviewed and Approved  Action details Meeting details
1/28/20051 CITY TREASURER Reviewed and ApprovedPass Action details Meeting details
Explanation


On July 11, 1995 a Request for Proposal (RFP) for various banking services was issued by the Columbus City Treasurer's Office. Proposals were received from seven (7) local banks and subsequently reviewed by the Columbus Depository Commission, which recommended the award of banking services to specific banks. Ordinance #24-96 authorized the City Treasurer to enter contracts based upon these recommendations.


The City Treasurer wishes to extend these contracts to February 28, 2006 as follows:

Main Operating Account National City Bank
Investment Safekeeping Account Huntington Trust
Payroll & checking Account Huntington
Credit Card Processing Account Fifth Third Processing Solutions
Water Lock Box Bank One (JP Morgan Chase, NA)

All of these banks have been approved to accept deposits of the City of Columbus for the year 2005 as required in Chapter 321.04 of the Columbus City Code. Such approval was based upon Applications for the Deposit of Public Funds, which were submitted by each bank and approved at a meeting of the Columbus Depository Commission held on December 21, 2004. The Commission also approved the extension of these banking contracts at that time.


Title

To authorize the City Treasurer to modify contracts for various banking services: to authorize the expenditure of up to $100,650.00 from the General Fund, $22,000.00 from the Recreation and Parks Operating and Extension Fund, $42,000.00 from the Golf Course Operating Fund, $18,000.00 from the Electric Operating Fund, $170,000.00 from the Water Operating Fund, $70,000.00 from the Development Services Fund, and to declare an emergency ($422,650.00).


Body

Whereas, the City Treasurer wishes to e...

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