Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Extend The Agreement Between Bank Of America, N.A. And The City Of Hollywood To Provide A Purchasing Card Program To Make Small Dollar Purchases Of Goods And Services.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
The Department of Financial Services, Procurement Services Division, requires a vendor to provide a Purchasing Card Program to make small dollar purchases of goods and services.
The Purchasing Card Program is used by City staff when making small dollar purchases of goods and services, and it enhances productivity, reduces paperwork, improves controls and reduces overall costs associated with small dollar purchasing.
On January 21, 1998, the City Commission passed and adopted Resolution Number R-98-16, which authorized a Purchasing Card Program to Nations Bank, now known as Bank of America.
The City utilized the State of Florida Contract Number 4-973-12-W, which was awarded to Nations Bank (Bank of America, N.A.).
Bank of America provides the Purchasing Card Program at no cost to the City.
On January 7, 2013, the State of Florida renewed Contract Number 4-973-12-W for a two (2) year period, expiring on January 6, 2015.
On December 30, 2014, the State of Florida contract representative notified the City that the current contract has been extended through July 7, 2015 to allow time for the State to negotiate a new contract with Bank of America.
On January 9, 2015, the City Manager approved a 90-day extension to the current contract.
This resolution will extend the current contract through July 7, 2015, as the of State of Florida's contract will expire at that time.
Section 38.40 (C)(5) of the Purchasing Ordinance allows the Director to procure, without following formal procedures, all goods and services which are subject of contracts with the state, its politica...
Click here for full text