From
Brady Olsen, Treasury & Debt Manager
Title
Resolution authorizing the Treasury and Debt Manager to execute a general release with Elavon Inc in the amount of $54,200.30 regarding credit card transaction processing
Presenter
Brady Olsen, Treasury & Debt Manager
Recommended Action
Approve
Analysis
This resolution settles and ongoing issue with Elavon Inc. and represents 75% of transaction over a multi-month period at the end of 2019.
Financial Consideration
Revenue would be applied to fiscal year 2019-2020.
Body
A RESOLUTION AUTHORIZING THE TREASURY AND DEBT MANGER TO EXECUTE A GENERAL RELEASE WITH ELAVON INC. REGARDING CREDIT CARD TRANSACTION PROCESSING AND PROVIDING AN EFFECTIVE DATE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
Section 1. That the Treasury and Debt Manager of the City of Grand Prairie is hereby authorized to execute a General Release with Elavon, Inc. in the amount of $54,200.30 regarding credit card transaction processing.
Section 2. That this Resolution shall be and become effective immediately upon and after its adoption and approval.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON NOVEMBER 3, 2020.