ORDINANCE NO. 182328

*Amend contract with Wells Fargo Merchant Payment Services, LLC to provide merchant bankcard services (Ordinance; amend Contract No. 52371)

The City of Portland ordains:

Section 1. The Council finds:

1.  The City entered into Contract No. 52371 on January 5, 2005 with Wells Fargo Merchant Payment Solutions (formerly, Wells Fargo Merchant Services, LLC and collectively, “Wells Fargo”) to provide merchant bankcard services. The contract is set to expire on November 30, 2008.

2.  The Bureau of Financial Services, Treasury Division (“Treasury”), in conjunction with the Bureau of Purchases, is in the process of completing a formal solicitation (RFP) for these services. It is anticipated that this process along with contract negotiations will require additional time to complete.

3.  The City requires ongoing merchant bankcard services while completing the RFP and contract negotiation process.

4.  Treasury recommends that Contract No. 52371 with Wells Fargo be extended through March 31, 2009 to provide a continuation of merchant bankcard services during the solicitation and contract negotiation period.

NOW, THEREFORE, the Council directs:

a.  The Mayor and Auditor are authorized to execute Amendment #1 to Contract No. 52371 between the City and Wells Fargo in scope and form substantially in accordance with the contract amendment attached as Exhibit A.

b.  The Mayor and Auditor are hereby authorized to make payments to Wells Fargo during the life of the contract.

c.  Pursuant to City Code section 3.08.050 and subject to the review of the City Attorney’s Office, the City Treasurer is hereby authorized to execute service agreements or other documents required to establish and maintain bank accounts and related services with Wells Fargo through March 31, 2009.

Section 2. The Council declares that an emergency exists because a delay may result in a cessation of merchant bankcard services that are necessary to realize various revenue sources throughout the City; therefore, this ordinance shall be in full force and effect from and after its passage by Council.

BACKING SHEET INFORMATION

AGENDA NO. 1556-2008

ORDINANCE/RESOLUTION/COUNCIL DOCUMENT NO. 182328