Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a multiyear Agreement with FiServ Solutions, LLC for services related to the payment processing of LexServ accounts, at a cost not to exceed $10,150 in FY2018. [Div. of Revenue, Cook]
Summary
Authorization to execute an Agreement between FiServ Solutions, LLC and LFUCG to serve as a LexServ payment processor. The Contract amount is not to exceed $10,150. Funds are Budgeted. (0994-17)(Cook/O’Mara)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Yes/No, Completed by [Attorney Barberie, August 2017]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
Account Number: 4002-202101-2011-78701 $5,379.50
4051-202101-2011-78701 $2,740.50
4121-202101-2011-78701 $2,030.00
This Fiscal Year Impact: $10,150
Annual Impact: $10,200
Project:
Activity:
Budget Reference:
Current Balance: $142,000 in all accounts
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 to execute a multiyear Agreement, which is attached hereto and incorporated by reference, with FiServ Solutions, LLC for services related to the payment processing of LexServ accounts, at a cost not to exceed $10,150.00 in FY2018.
Section 2 - That an amount not to exceed the sum of $10,150.00 in FY 2018, be and hereby is approved for payment to FiServ Solutions, LLC, from account #4002-202101-78701 ($5,379.50), account #4051-202101-78701 ($2,740.50), and account #4121-202101-78701 ($2,030.00), pursuant to the terms of the Agreement, with future fiscal years subject to the appropriation of sufficient funds.
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