Purchasing Type: Change Order (CO)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): ALL
CO - Change Order No. 4 to Contract No. 13-902703 for Banking and Financial Services: for use by the Department of Finance. This contract consists of providing all banking and financial services and earnings on cash accounts. Awarded to Wells Fargo Bank, N.A., Inc. Amount Not To Exceed: $300,000.00.
Body
Information Contact: Cathryn G. Horner, Chief Procurement Officer
Phone Number: (404) 371-6334
PURPOSE:
Awarded by the BOC on June 25, 2013 for an amount not to exceed $1,000,000.00. On November 13, 2018, the BOC approved Change Order No. 1 for an amount not to exceed $450,000.00 and to authorize the extension of the contract for an additional year. On November 12, 2019, the BOC approved Change Order No. 2 for an amount not to exceed $675,000.00 and to authorize the extension of the contract for an additional year. On November 12, 2019, the BOC approved Change Order No. 3 for the consent to assignment to transfer the lockbox services to Deluxe Corporation dba REMITTCO, LLC. The County is implementing a new billing system that requires significant County resources. This request is to extend the contract’s term and to add funding to allow the County’s financial operations to continue during the implementation of the new enQuesta billing system.
RECOMMENDATION:
Recommended Action
Recommend approval of Change Order No. 4 through December 31, 2022 with:
Wells Fargo Bank, National Association, Inc., 360 Interstate Parkway, SW, 5th Floor, Atlanta, GA 30339
Amount Not To Exceed: $300,000.00
and authorize the Chief Executive Officer to execute the change order and all associated documents.
ADDITIONAL INFORMATION:
1. Contract Effective Date: June 25, 2013
2. Contract Expiration Date: December 31, 2021
3. Amount Spent to Date: $1,843,000.00
4. Funding: General -Operating (Finance)