HomeMy WebLinkAboutSummary Form-.� AGENDA ITEM SUMMARY FORM
FILE ID: 0:fy
Date: 1/14/2009 Requesting Department: Purchasing
Commission Meeting Date: 2/12/2009 District Impacted: All
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Procurement Card Services
Purpose of Item:
Law Department
Matter ID No.
The nature of this item is to establish a resolution authorizing to vacate the existing contract with Chase
Manhattan Bank USA for Procurement Card Services and entering into a new contract for the same service
with JP Morgan Chase Bank, N.A., formerly Chase Manhattan Bank USA, pursuant to the Department of Off -
Street Parking d/b/a Miami Parking Authority Request for Proposals No. 07-06 for the provision of
Procurement Card Services, effective through July 31, 2011, for the Department of Purchasing to be utilized by
various user departments and agencies on an as needed contract basis, subject to any extensions and/or
replacement contracts by the Miami Parking Authority; authorizing the City Manager to execute a Procurement'.
Card Services Agreement, in substantially the attached form, for said purpose.
Information:
The Purchasing Department has analyzed the executed Commercial Card Classic Agreement between the
Miami Parking Authority and JP Morgan Chase Bank, N.A., pursuant to Request for Proposals No. 07-06 and
determined that the rebate schedule contained in this agreement is far more beneficial to the City than the
rebate schedule under the existing contract the City of Miami has with Chase Manhattan Bank USA for
procurement card services. As a participant in this agreement the City's procurement card spend will be
aggregated with the card spend of all other participants to determine the applicable rebate rate with payment
based on the City's actual spend and not on the aggregate of all participants. Under this new agreement, based
on the City's current procurement card spent, revenues are expected to be at a minimum of $26,000.00
annually. Therefore, it is recommended for approval for the City Manager to execute the attached Professional
Services Agreement with JP Morgan Chase Bank, N.A. as a piggyback pursuant to the executed contract from
RFP No. 07-06 for the Miami Parking Authoritv.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using orreceiving capital hinds
Grants Risk Managemen
Purchasing Dept. Director,
City Manager