Explanation
1. BACKGROUND: This Ordinance authorizes the assignment of all past, present, and future business done by the City of Columbus, Auditor's Office, from Dynamix Engineering Ltd. (aka Veregy) to IMEG Corp. Dynamix Engineering Ltd. merged into IMEG Corp. effective October 31, 2022. This change will reflect a company name change and Federal Identification number change for all contracts established with Dynamix Engineering Ltd.
2. CONTRACT COMPLIANCE INFO:
Former Company Name: Dynamix Engineering Ltd. (aka Veregy) | 31-1536631 | MAJ | DAX #005545
New Company Name: IMEG Corp. | 47-5145628 | MAJ | DAX #43968
3. EMERGENCY DESIGNATION: Emergency designation is requested to expeditiously cancel and re-establish current contracts and prevent delayed payments to the vendor.
4. FISCAL IMPACT: No financial impact is anticipated. Current contracts will be cancelled and re-established with identical funding.
Title
To authorize and direct the City Auditor’s Office to assign all past, present and future contracts from Dynamix Engineering Ltd. (aka Veregy) to IMEG Corp.; and to declare an emergency. ($0.00)
Body
WHEREAS, the City of Columbus, Auditor's Office, has established various contracts and agreements with Dynamix Engineering Ltd. (aka Veregy); and
WHEREAS, Dynamix Engineering Ltd. merged into IMEG Corp. effective October 31, 2022; and
WHEREAS, an emergency exists in the usual daily operation of the City Auditor’s Office in that it is immediately necessary to authorize the City Auditor to assign all past, present, and future contracts from Dynamix Engineering Ltd. to IMEG Corp., in order to expeditiously cancel and re-establish current contracts and prevent delayed payments to the vendor; now therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor be and is hereby authorized and directed to assign all past, present and future contracts to reflect the change of the company name and FID number from Dynamix Engineering Ltd. (aka Veregy), FID #31-1536631 to IMEG Corp., FID #47-5145628.
SECTION 2. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.