Laserfiche WebLink
Award Renewal Agreement with TSYS, DBA Global Payments <br />November 16, 2021 <br />Page 3 <br />2 <br />2 <br />2 <br />9 <br />Therefore, staff recommends the approval of a short-term renewal agreement with TSYS <br />for merchant payment processing services for the City’s walk-in cashiering stations. <br />Below is a summary of costs by Fiscal Year: <br />FY 2021-22: <br />1. Merchant Payment Services – base amount of $150,000, plus $22,500 <br />contingency. <br />ENVIRONMENTAL IMPACT <br />There is no environmental impact associated with this action. <br />FISCAL IMPACT <br />Funds for this renewal agreement and services are budgeted and available in various <br />departmental Contract Services Professional accounts (No. Various-62300). Funds will <br />be budgeted for expenditure as follows: <br />FY <br />Accounting <br />Unit - <br />Account <br />No. <br />Fund <br />Description <br />Accounting <br />Unit - <br />Accounting <br />No. <br />Description <br />Contracted <br />Amount <br />Annual Rate <br />Increase <br />(Contingency) <br />Maximum <br />Amount <br />2021- <br />22 <br />Various- <br />62300 Various <br />Contract <br />Services <br />Professional <br />$150,000 $22,500 $172,500 <br />Subtotal:Subtotal:Grand <br />Total: <br />$150,000 $22,500 $172,500 <br />EXHIBIT(S) <br />1. TSYS Merchant Solutions, LLC, DBA Global Payments, Agreement <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Kristine Ridge, City Manager