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Legislation #: 081014 Introduction Date: 10/9/2008
Type: Ordinance Effective Date: 11/2/2008
Sponsor: None
Title: Authorizing the Director of Finance to execute a contract with Commerce Bank for banking services.

Legislation History
DateMinutesDescription
10/7/2008 Filed by the Clerk's office
10/9/2008 Referred to Finance and Audit Committee
10/15/2008 Do Pass as a Committee Substitute
10/16/2008 Add to Consent Docket
10/23/2008 Passed as Substituted

View Attachments
FileTypeSizeDescription
081014.pdf Authenticated 52K Authenticated
http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=081014 Vacation Petition Form 0K http://kansascity.granicus.com/ViewSearchResults.php?view_id=2&keywords=081014
081014.doc Docket Memo 25K Docket Memo
fiscal note - Commerce.xls Fiscal Note 39K Fiscal Note
Commerce fact sheet.xls Fact Sheet 45K Fact Sheet

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COMMITTEE SUBSTITUTE FOR ORDINANCE NO. 081014

 

Authorizing the Director of Finance to execute a contract with Commerce Bank for banking services.

 

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of Finance is hereby authorized to execute a contract, on behalf of the City of Kansas City, Missouri, with Commerce Bank for banking services including the Citys main bank account, wholesale and retail lockbox services, Automated Clearing House (ACH) account services, investment safekeeping, and other banking-related services as required. The contract term is equal to one year with options to renew for four additional one-year terms.

Section 2. Funding for the renewal terms is subject to annual appropriation by the City Council. The costs of the contract shall not exceed the amount currently appropriated in Account Nos. 09-1000-121200-B, 09-1000-121450-B, 09-1000-272000-B, 09-2160-071721-B, and 09-8010-801100-B, provided that the Director of Finance is authorized to expend any additional funds appropriated by the Council for this contract.

_____________________________________________

 

I hereby certify that there is a balance, otherwise unencumbered, to the credit of the appropriation to which the foregoing expenditure is to be charged, and a cash balance, otherwise unencumbered, in the treasury, to the credit of the fund from which payment is to be made, each sufficient to meet the obligation hereby incurred.

 

 

___________________________________

Jeffrey A. Yates

Director of Finance

 

Approved as to form and legality:

 

 

___________________________________

Heather A. Brown

Assistant City Attorney