HomeMy WebLinkAboutResolutions - No. 2011-184RESOLUTION NO. 2011-184
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
THE CITY MANAGERAND TREASURERTO EXECUTE AGREEMENTS
FOR REMIT PLUS SOFTWARE, MERCHANT CARD SERVICES,
AND REMOTE DEPOSIT SERVICES WITH JACK HENRY AND
ASSOCIATES, INC.; EIAVON, INC.; AND FARMERS & MERCHANTS
BANK OF CENTRAL CALIFORNIAAND DIRECTINGTHE
CITY MANAGER AND TREASURER TO NEGOTIATEA BANKING
SERVICES AGREEMENT WITH FARMERS& MERCHANTS BANK
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WHEREAS, City desires to purchase Remit Plus software through Jack Henry
and Associates, Inc. to operate and manage its remittance processing function; and
WHEREAS, City desires to contract with Elavon, Inc. to process debit and credit
card transactions at multiple City facilities; and
WHEREAS, City desires to contract with Farmers & Merchants Bank of Central
California for remote deposit services at multiple City facilities; and
WHEREAS, all vendors have submitted proposals that meet City's needs and
are cost effective; and
WHEREAS, City desires to formalize its banking services with an agreement with
Farmers & Merchants Bank based upon the following basic terms:
• Five-yearterm with option to extend for up to two years,
• Fixed pricing for the term of the agreement,
• Basic banking service to include, but not be limited to, deposit
processing, electronic fund transfers, direct deposit, positive pay
services, account reconciliation, and appropriate collateralization,
• Earnings credit rate of at least 0.75%,
• Clearly defined reserve requirements, exposure limitations, and security
interest levels, and
• Liability commensurate with exposure.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi
does hereby authorize the City Manager and Treasurer to execute agreements for
Remit Plus software, merchant card services, and remote deposit services with Jack
Henry and Associates, Inc.; Elavon, Inc.; and Farmers & Merchants Bank of Central
California; and
BE IT FURTHER RESOLVED that the City Council of the City of Lodi directs the
City Manager and Treasurer to negotiate a banking services contract with Farmers &
Merchants Bank based upon the basic terms noted above.
Dated: November 16, 2011
hereby certify that Resolution No. 2011-184 as passed and adopted by the City
Council of the City of Lodi in a regular meeting held November 16, 2011, by the
following votes:
AYES: COUNCIL MEMBERS— Hansen, Katzakian, Nakanishi, and
Mayor Johnson
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS— Mounce
ABSTAIN: COUNCIL MEMBERS — None
I JOHL
City Clerk
2011-184