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MEMORANDUM
TO: Shana Yelverton, City Manager
FROM: Sharen Jackson, Director of Finance
SUBJECT: Resolution No. 06 -042, authorize the execution of the necessary agreements to
permit acceptance of credit cards as payment of taxes, fines, or fees as
outlined in the adopted fee schedule, including but not limited to parks and
recreation fees, utility fees, permits and inspection fees, and library fines and
fees.
Action Requested: Approval of Resolution No. 06 -042, authorizes the City Manager or designee
to execute the necessary agreements to permit city staff to accept credit cards
as payment of taxes, fines, or fees,
Background
Information: Staff has received multiple requests from residents, developers, contractors and
other city customers to pay taxes, fines, or fees with credit cards, The most
recent request is related to the Stampede 50 Anniversary program. There are
several potential donors that have expressed an interest to purchase a longhorn
but requesting to use a credit card. Standard contracts with credit card
companies expressly deny the city the opportunity to recoup from its'
customers transaction fees and administrative fees charged to the city. The
transaction fee and administrative fee per transaction is 3.75% or less of the
total charge, at the sole expense of the city, The margin between the
sponsorship fee and the cost of the longhorn/calf is sufficient to covet the
credit card fees.
Financial
Considerations: Credit card transaction and administrative fees per transaction of 375 %.
Citizen Input/
Board Review: None required.
Legal Review: Resolution under review by city attorney.
Alternatives: Approve or deny.
Supporting
Documents: Resolution No. 06 -042
Staff
Recommendation: Approval of Resolution No. 06 -042
RESOLUTION NO. 06 -042
A RESOLUTION OF THE CITY OF
SOUTHLAKE, TEXAS, AUTHORIZING THE
EXECUTION OF THE NECESSARY
AGREEMENTS TO PERMIT ACCEPTANCE
OF CREDIT CARDS AS PAYMENT OF
TAXES, FINES, OR FEES AS OUTLINED IN
THE ADOPTED FEE SCHEDULE,
INCLUDING BUT NOT LIMITED TO PARKS
AND RECREATION FEES, UTILITY FEES,
PERMITS AND INSPECTION FEES, AND
LIBRARY FINES AND FEES.
WHEREAS, staff has received multiple requests from residents, developers,
contractors, and other city customers to pay taxes, fines, or fees with credit
cards; and
WHEREAS, standard contracts with credit card companies expressly deny
the city the opportunity to recoup from its' customers transaction fees and
administrative fees charged to the city; and
WHEREAS, the transaction fees and administrative fees may be 3.75% or
less of the total charge, at the sole expense of the city,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF SOUTHLAKE, TEXAS:
I.
The City Manager or designee is hereby authorized to execute the
necessary agreements to permit city staff to accept credit cards as payment of
taxes, fines, or fees,
II.
Authorizing at the sole expense of the city, the payment of credit card
transaction fees and administrative fees for the convenience of city
customers.
PRESENTED AND PASSED on this the day of
, 2006, by a vote of ayes and nays at
a regular meeting of the City Council of the City of Southlake, Texas.
ATTEST:
Signature
Printed Name
Printed Name
Printed Title
BY:
Signature
APPROVED AS TO FORM:
Printed Name
Printed Title
BY:
Signature