Explanation
BACKGROUND:
On February 8, 2010 Columbus City Council passed ordinance number 0137-2010 authorizing the Columbus City Treasurer's Office to modify and extend various banking services contracts, among which was a contract for credit card processing services, for the period of March 1, 2010 through February 28, 2011, on behalf of various city divisions. On October 18, 2010, Columbus City Council passed ordinance number 1347-1010 which increased the contract amount on behalf of several city divisions. A contract modification is now being sought on behalf of the Department of Public Service, Division of Planning and Operations which requires additional funding. This ordinance increases the contract for credit card processing services. The current contract amount is $1,183,667.00. This contract modification will increase the contract amount by $1,900.00 to $1,185,567.00.
FISCAL IMPACT: Sufficient resources are available for the increase in the contract amount within the Division of Planning and Operations' 2010 budget.
Emergency action is requested to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Contract Compliance: Huntington Merchant Services, 113328074, expiration 3/17/2011
Title
To authorize the City Treasurer to modify the existing contract for credit card processing services with Huntington Merchant Services; to authorize the expenditure of $1,900.00 from the street construction maintenance and repair fund; and to declare an emergency. ($1,900.00)
Body
WHEREAS, the City Treasurer wishes to modify the existing contract for credit card processing with Huntington Merchant Services, authorized by Columbus City Council on February 8, 2010 by ordinance number 0137-2010 and ordinance 1364-2010 on October 18, 2010; and
WHEREAS, an additional $1,900.00 is needed on the contract f...
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