Placement: Consent Agenda
Action Requested: Motion / Vote
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Approval to Participate in the Arlington County, Virginia Contract #21-DTS-RFP-580 for Merchant Services (Credit Card Processing).
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Submitted By: Othniel Beauzyl, Procurement Agent I, PMD.
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Othniel Beauzyl, Procurement Agent I, PMD.
2. Parties: City of Port St. Lucie and JPMorgan Chase Bank.
3. Purpose: To provide the City Merchant Services (Digital Bill Payment Solution).
4. New/Renewal/Modified: New.
5. Duration: The initial term of this contract is 05/09/2022 through 05/08/2023, with four (4) one (1) year renewal periods.
6. Benefits to Port St. Lucie: By securing JPMorgan Chase as a new vendor for merchant services, the City is expected to save $1.2 million annually in credit card processing fees.
7. Cost to Port St. Lucie (Annual and Potential): $0 annually
Presentation Information: N/A
Staff Recommendation: Move that the Council waive bidding, per Chapter 35.04(c), good cause shown, and approve participating in the Arlington County, Virginia Contract #21-DTS-RFP-580 for Merchant Services (Credit Card Processing) with JPMorgan Chase Bank.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve participating in the Arlington County, Virginia Contract #21-DTS-RFP-580.
2. Move that the Council not approve participating in the Arlington County, Virginia Contract #21-DTS-RFP-580 and provide staff with direction.
Background: The Building Department currently absorbs all costs associated with the collection of electronic payments for permits, contractor licenses, and related fees. Costs for these services, charged by the third-party merchant, exceed one million dollars annually and are covered by the operating budget of the Building Department. Per Florida Statute Section 215.322(5), a municipality i...
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