Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a multi-year platform Agreement, the final form of which is subject to the approval of the Dept. of Law and the Div. of Revenue, with Cayan LLC, for merchant processing services at the City Employee Pharmacy, the cost of which depends upon the volume of credit card transactions. [Div. of Revenue, Holbrook]
Summary
Authorization to execute an Agreement with Cayan LLC for merchant processing at the City Employee Pharmacy. The City Employee Pharmacy is operated by On-Site Rx. Payments made through credit card processing are deposited directly to LFUCG. The current processor is exiting and a new processor that implements with their software is necessary. Funds are Budgeted. (0731-23)(Holbrook/Hensley)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by Evan Thompson}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 6002-160504-1841-78701
This Fiscal Year Impact: $variable based on volume
Annual Impact: $variable based on volume
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute a multi-year Platform Agreement, the final form of which is subject to the approval of the Department of Law and the Division of Revenue, with Cayan LLC, for merchant processing services at the City Employee Pharmacy, the cost of which depends upon the volume of credit card transactions.
Section 2 - That an amount based upon the volume of credit card transactions be and hereby is approved for payment to Cayan LLC, from account # 6002-160504-1841-78701, pursuant to the terms of the Agreement, and subject to the budgeting of sufficient funds in future fiscal years.
Section 3 -That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
________________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL
0731-23:EPT:X:\Cases\REVENUE\23-LE0001\LEG\00785972.DOCX