Explanation
1. BACKGROUND:
This legislation authorizes the Auditor's Office to accept name and Federal Identification number changes of Tier Technologies, Inc., and the assignment of all their present and future contracts with the City of Columbus to Cogsdale, Inc. These actions are a result of acquisition by Cogsdale, Inc.of Tier Technologies: System License Agreement, Performance Series 2.0 Implementation Services Contract, WebProcure Subscription Agreement, Extended Warranty and Support Services Agreement("Contracts") to Cogsdale Holdings, Ltd. ("Cogsdale") on December 1, 2008. The Department currently has several agreements with Tier Technologies, Inc. Cogsdale, Inc. will continue to provide the required services in accordance with the existing contract terms and provisions.
Fiscal Impact
This legislation will not alter the balances of any of the existing contracts covered by this assignment.
Emergency Justification
TheAuditor's Office is requesting City Council to declare this ordinance an emergency measure in order to allow the existing contracts to be assigned to Cogsdale, Inc. vendor Federal Employee Identification Number 98-0602340 , which is necessary for the subject services to continue without interruption, and to allow financial transactions to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize and direct the City Auditor to modify present and future contracts with Tier Technologies, Inc. to reflect a name and Federal Identification Number change to Cogsdale, Inc. as a result of their acquisition , and to authorize the assignment of all existing obligations to the City of Columbus by Tier Technologies, Inc., to Cogsdale, Inc. and to declare an emergency. ($0.00)
Body
WHEREAS, the City Auditor, has entered into multiple contracts with Tier Technologies, Inc. in connection with numerous agre...
Click here for full text