HomeMy WebLinkAboutexhibit41. Program Contacts:
EXHIBIT B
Primary, Day to Day Contacts:
City
Chase
Name:
Name:
Title:
Title: Client Relations Specialist
Address:. 3949.South 700 East, Suite 500
Salt Lake City Utah 841.07
Phone:
Phone:
Notice Contacts:
City
Chase
Name:
Name
Title
Title: Sr. Vice President.
Phone;
Address:: 3949 South ,70.0.East, _.Suite '500`
Salt Lake City, Utah 84107
Phone: (80:1) 590-1800
Financial Contacts:
City
Chase
Phone:
amen
Title:
ichard Sorensen
Vic, e Presdent
Address: 3949 South 700 East, Suite 500
Salt Lake City, Utah 84107
Phoney (.801) 590-18.00
Close Manhattan Bank USA, N.A. 10 Confidential
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2. Pricing Assumptions:
Pricing assumptions with respect to Charge Volume, and number of Accounts to be requested are as follows:
For Purchasing Cards:
Contract Year: ;
Year 1
Charge Volume . , .
$5,000,000
Number of Accounts
100
Year 2
$5,000,000
100
Year 3
$5,000,000
100
2.1 Performance Incentive.
(a) The Bank will pay Customer an Incentive based on the annual Charge Volume and Average Transaction Size tier achieved
in the following schedule.
Annual
Charge
Volume
Average Transaction Size
S150
S200
S 250
5300
S350
5400
5450
5500+
S 5,000,000
0.38%
0.48%
0.55%
0.59%
0.58%
0.61%
0.62%
0.64%
$ 6,000,000
0.46%
0.56%
0.63%
0.67%
0.68'/.
0.70%
0.72%
0.73%
$ 7,000,000
0.52%
0.62%
0.69'/.
0.73%
0.74%
0.77%
0.78%
0.80%
$ 8,000,000
0,56%
0.67%
0.73%
0.77%
0.79%
0.824/.
0.83%
0.85%
S 9,000,000
0.59%
0.70%
0.76%
0.81%
0.83%
0.86%
0.87%
0.89'/.
S 10,000,000
0.62%
0.73%
0.79'/.
0.83'/.
0.87%
0.89%
0.90%
0.92'/.
S11,000,000
0,64%
0.75%
0,81'/.
0.85%
0.89%
0.91%
0.93%
0.94%
$12,000,000
V 0.66%
0.77'/.
0.83%
0.87%
0.91%
0.93%
0.95%
0.96%
513,000,000
0.67%
0.78%
0.84%
0.89%
0.93%
0,95%
0.97%
0.98%
$14,000,000
0.68%
0.79'/.
0.85%
0.90%
0.94%
0,96%
0.98'/.
0.99'/.
S15,000,000
0.71'/.
0.81%
0.87%
0.92%
0.95%
0.97%
0.99%
1.00%
(b) The Incentive is subject to reduction by all Losses. The Incentive shall be determined by deducting the Losses incurred by
Chase on the City's Accounts during the twelve-month Incentive period from the gross Incentive amount for such period. Upon
termination of this Agreement, the Losses for the six-month period ending on the termination date (the "Last Six -Month
Period") will be deemed, for purposes of calculating the Incentive, to be equal to the Losses for the six-month period
immediately preceding the Last Six -Month Period. The Incentive shall be calculated only on non -large ticket interchange
transactions and sales volume. If the City is participating in more than one Chase Card Program, Chase reserves the right to
offset any Losses from one Program against any Incentive earned under any other Program. If Losses in one year exceed the
amount of any or all Incentives earned, Chase may carry forward the amount of such Loss to offset against future Incentives or
invoice the City for the balance owing, which shall be payable within 14 days.
In the event this Agreement is terminated prior to the end of a Contract Year, the actual Charge Volume for the elapsed
portion of such Contract Year shall be annualized solely for the purpose of determining, in accordance with the foregoing
table, the percentage to be applied to such actual Charge Volume.
(c) Definitions.
"Average Transaction Size" means Charge Volume divided by the total number of transactions included in the calculation of
Charge Volume for any given period.
Chase Manhattan Bank USA, N.A. Confidential
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"Average Large Ticket Transaction Size" means Large Ticket Transaction Volume divided by the total number of
transactions included in the calculation of Large Ticket Transaction Volume.
"Charge Volume" means total US dollar charges made on a Chase Commercial Card, net of returns, and excluding Large
Ticket Transactions, cash advances, convenience check amounts, and fraudulent charges.
"Contract Year" means a I2-month period beginning on the date hereof or an anniversary of such date.
"Large Ticket Transaction" means a transaction that exceeds $4500, includes at least level 11 data, and is acknowledged by
the supplier's acquirer.
"Large Ticket Transaction Volume" means total US dollar Large Ticket Transactions made on a Bank One Commercial Card,
net of returns and excluding cash advances and convenience check amounts.
"Losses" means losses incurred by Chase on Accounts due to fraud or other unauthorized use and all other amounts that are
outstanding under Accounts and are not paid within 180 days of their respective due dates.
"Settlement Terins" means the combination of the number of calendar days in a billing cycle and the number of calendar days
following the end of a billing cycle to the date the payment is due. Settlement Terms are expressed as X Sc. Y, where X is the
number of calendar days in the billing cycle and Y is the number of calendar days following the end of a billing cycle to the
date the payment is due.
"Speed of Payment" means the number of calendar days after a billing cycle end until the date full payment of the cycle end
balance is received by the Bank.
3. Billing and Payment:
Billing and payment of all charges made using the Commercial Card Program are subject to the following:
a. Billing Cycle/Payment Frequency: Monthly
b. Payment Method Options for payments made by City: Check, EDI, Wire Transfer, ACH Debit or Credit
c. Payment Method for payments made by individual Cardholder: Check
4. Fees:
a, Annual Administration Fee:
Purchasing Cards: $ 3 00 0.00 per Card per year-
Provided, however, if no Cards are issued, the annual administrative fee shall be charged for each Account number.
b. Cash advance Fee: Per Transaction (if Cash Advances are permitted under Exhibit A):
2,% of cash advance amount; minimum $3.00 per Transaction.
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Chase Manhattan Bank USA, N.A.
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Confidential
c. Late Payment Fee: For each product selected on Exhibit A, per occurrence:
Fleet Card and Purchasing Card grace period after statement billing date: 14 days
1.0% late fee at 15 days
2.5% late fee at 45 days and every 30 days thereafter
Central Travel Account grace period after statement billing date: 25 days
1.0% late fee at 30 days
2.5% late fee at 60 days and every 30 days thereafter
T&E and One -Card Card (City bill/City pay) grace period after statement billing date: 25 days
1,0% late fee at 30 days
2.5% late fee at 60 days and every 30 days thereafter
T&E and One -Card Card (Cardholder bill/Cardholder pay) grace period after statement billing dater 25 days
$10.00 late fee at 30 days
2,5% late fee at 60 days and every 30 days thereafter
d. Copy Retrieval Fee, Per Request: $10.00 each
e. Returned Item (Insufficient Funds) Fee: $15.00 per occurrence
Emergency Card Replacement Fee: $25.00 if affected through Chase. If affected through MasterCard or Visa, the
City shall pay any fees charged by MasterCard and Visa for emergency card replacement.
g. Complete City Card Design and Production: $ setup and $ per Card.
City logo on Cards: $500 production fee,
h. Development of custom mappers: $150 per hour; minimum charge $400; no maximum charge.*
*First two custom mappers at no charge.
i. Development of customized reports: $150 per hour; minimum charge $400; no maximum charge.*
First two custom reports at no charge.
j. Use of Taxware tax calculation product : $5,000.
1. EDI: all development and on -going transmission fees will be passed on to City.
1. PaymentNet set up fee: $ ; or PaymentNet Express set up fee: no charge.
m. File Transfer Protocol (FTP) — choose from the following: — Daily ($500/month); _Weekly ($250/month);
Bi-Weekly ($125/month); Monthly ($75/month).
o. Convenience Checks: $1.00 per posted check -M .5% of value.
a. Miscellaneous fees: Charges for other specialized services provided by Chase will be passed through to Customer.
5. Issue Term of Cards:
Each Card shall be issued for a period of three years.
Chase Manhattan Bank USA, N.A. 13 Confidential
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6. Brand and Reporting Software Choice:
Brand Choice:
Check One
MasterCard:
Reasons:
Check all applicable
Product Functionality:
Other ties to the Brand;
Fleet Functionality:
Visa:
Product Functionality;
Other ties to the Brand:
British Airways Rewards:
Acceptance:
Visa Rewards:
Other: (please explain below)
n
n
Other: (please explain below)
Reporting Software: PaymentNetTM (at no additional charge), unless another choice is indicated below:
ProCard:
Smart Data:
InfoSpan: ;.
Other:
Cost
• Cost
Cost
Cost
Monthly Data Transmission Fee Per Additional Transmission Endpoint (In excess of two): $
14
Chase Manhattan Bank USA. N.A.
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7. Authorized Signer(s):
The individual(s) named below are authorized to act on behalf of the City in administering all aspects of the Program,
including, but not limited to, requesting Cards or Accounts for Cardholders, making administrative changes to the Program or
Card controls, electronic payments (authorization made either verbally or in writing) and terminating use of Cards or
Accounts.
Authorized Signers `
;Authorized S;igner; :.
(Print Name)
Authorized Signer
(Signature)
Title
Authorized Signer
(Print Name)
Authorized, Signer
(Signature)
Title
Authorized. Signer;
(Print Name)
Authorized Signer
(Signature)
Title
Authorized Signer
(Print Name)
Authorized Signer.
(Signature)
Title
The undersigned, a duly authorized officer or representative of the City, does hereby certify that each of the persons listed in this
Exhibit B as an Authorized Signer is an officer, partner, member or other representative of the City possessing authority to execute
Card Requests and each specimen signature of each such person set forth above is such person's genuine signature.
By:
Name:
Title:
Chase Mudutan Sank USA, N.A. 15 Confidential
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