Loading...
R-95-10-12-13K - 10/12/1995,08/19/97 14:28 FAX 4042496981 AGREEMENT BETWEEN CITY OF ROUND ROCK TEXAS BANK OF A.IIERICA fal002 ("Local Government Entity") and BANK OF AMERICA NT&SA FOR PURCHASLNG CARDS Local Government Entity is authorized under Texas Local Government Code Subchapter D w utilize the cooperative purchasing program of Texas to participate in the Bank of America NT &SA Purchasing Card Contract 303.946 -A l between Bank of America NT&SA and the General Services Commission. In consideration of the mutual covenants and agreements, the parties hereto agree to the following: The documents constituting this Agreement are the RFP #303 -7- 946 -A1, the Response from Bank of America dated November 4, 1996, Bank of America's Best and Final Offer dated April 24, 1997, State of Texas Standard Terms and Conditions and the Bank of America Standard Contract (the "Conrad Documents"). In the event of a conflict the language in the Contract Documents shall control in the following order of preference: 1. State of Texas Standard Terms and Conditions 2. Bank of America's Best and Final Offer, dated April 24, 1997 3. Response from Bank of America, dated November 4, 1996 4. Request for Proposal 303 946 5. The Bank of America Standard Contract with Schedule of Fees and the Terms of Payment Additional Representations and Warranties of Public Agencies Because Local Government Entity is a city, county. school district. commtmity college district, state agency or other public agency or corporation, it makes these additional representations and warranties. which are hereby added to the Contract Documents: 1_ All Local Government Enrity Charges shall be fur Local Government Entity purposes. 2. The rights and obligations of Local Government Entity under this Agreement are duly authorized, Legal and valid, and this Agreement is a binding obligation of the Local Government Entity, enforceable against Local Government Entity in accordance with its terms, extxpt as enforcement may be limited by bankruptcy, insolvency and other laws affecting the enforcement of creditors rights and remedies in general, or by the application of equitable principles if equitable remedies are sought. 3. Execution of this Agreement by Local Government Entity and performance by Local Government Entity of its obligations under this Agreement will not (i) constitute ur revolt in a breach or default under Local Government Entity' charter or any contract to which Local Government Entity is a party or by which it is bound, or (ii) result in the violation of any applicable law, regulation, ordinance, judgment, deercc or order. 4. All approvals and authorizations required to permit the execution. delivery, performance and consummation by Local Government Entity of this Agreement and transaction contemplated under this Agreement have bccn obtained, including any necessary approvals and authorizations from other governmental agencies. 5. Any Local Government Entity Charges by Local Government Entity under this Agreement: (i) are duly authorized and constitute valid and binding obligations of Local Government Entity', enforceable against Local Government Entity, (ii) shall not cause Local Goventuent Entity to exceed any legal limits applicable to the Local Government Entity Charges when made, and (iii) constitute the legal expenditures of Local government Entity. Prior to the Effective Date of this Agreement, Local Government Entity shall deliver to Bank the opinion of its counsel (or other counsel acceptable to the Bank) as to the matters set forth in Paragraphs 1 -5 above, which opinion shall be In form and substance acceptable to Bank. 08/19/97 14:29 FAX 4042498981 BANK OF AMERICA Executed by duly authorised officers of the parties to be effective as of August 28, 1997 "Effective Date'). CITY OF ROUND Rf1CK TEXAS Loral Goyet$ment Entity By SCG" Pt CNRQL6S CutPEPPBRI Tide mAyoRd Date Signed 8- U-97 BANK OF AMERICA NT&SA (the By Print Name Tire Dace Signed By Prim Name Ticic Date Sipped j 003 Bank of America Commercial Card Account Services 231 S. LaSalle, Dept. 6943 Chicago, IL 60697 RE: The Bank of America Purchasing Card System Agreement Ladies and Gentlemen: BROWN McCARROLL SHEETS & CROSSFIELD, LLP. Attorneys 309 E Mein Street Round Rock, Texas 78664-5246 (512) 255.8877 FAX (512) 255.8986 E -MAIL bm,d @ool.com August 25, 1997 This law firm represents the City of Round Rock, Texas. This opinion is rendered with respect to The Bank of America Purchasing Card Agreement (the "Agreement ") between Bank of America NT &SA (the "Bank ") and the City of Round Rock, Texas (the "City "), a Texas municipal corporation and public entity. We have examined such documents, records and instruments and made such investigations of law and fact as we have deemed necessary to render the opinions expressed herein. Attached are copies of statutes or regulations that we have relied upon in rendering this opinion. Based on the foregoing, we are of the opinion that: 1. The rights and obligations of the City under the Agreement are duly authorized, legal and valid, and the Agreement is a binding obligation of the City, enforceable against the City in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the enforcement of creditors' rights and remedies in general, or by the application of equitable principles if equitable remedies are sought. 2. Execution of the Agreement by the City and performance by the City of its obligations under the Agreement will not: (i) constitute or result in a breach or default under the City's charter or any contract to which the City is a party or by which it is bound, or (ii) result in the violation of any applicable law, regulation, ordinance, judgment, decree or order. 3. All approvals and authorizations required to permit the execution, delivery, performance and consummation by the City of the Agreement and transactions contemplated under the Agreement have been C: \TOOT \P000MD1 .WPD/e1D AUSTIN OFFICE NCO Franklin Plan, 111 Cangasc Avenue, Austin, Taus 761041043 (512) 4725456 Fax (512) 479.1011 DALLAS OFFICE 300 Crescent Co urt, Suite 1404 Dallas, Tans 75201.6929 (214) 9916100 Fax (714) 9996170 HOUSTON OFFICE 2300 Worsham Town. 2727 Allen Parkway, Houston, Teem 77019-2100 (713) 443110 Fax (712) 5256295 LONOVISW OFFICE: 220 Energy Centre 1127 Judson Road P.O. Box 3999. Longview. Tans 75606.3999 (903) 2369900 F. (903) 2368787 Bank of America Page 2 August 25, 1997 obtained, including any necessary approvals and authorizations from other governmental agencies. 4. Any City Charges by City under the Agreement: (i) shall have been duly authorized and constitute valid and binding obligations of the City, enforceable against City, (ii) shall not cause City to exceed any legal limits applicable to the City Charges when made, and (iii) constitute legal expenditures of the City. CLB /clb This opinion may be relied upon by the Bank. Enclosures Sincerely, (c, This section does not prohibit the payment of retirement or workers' compensation benefits to the removed ,[Leer or employee:. Add,, by Act.; 1989. 71st Leg.. ch. I1:A,. 9 19, ciT. Sept. 1. 19.)24. (Sections 2 i 1 AWF; to 271.080 reserved for expansion' SUBCHAPTER D. STATE COOPERATION IN LOCAL PURCHASING PROGRAMS 0 271.081. Definition In this subchapter, `local government" means a county, municipality, special district, school district, junior college district, or other legally constituted political subdivision of the state. Acts 1987. 70th Leg., ch. 149, § 1, efr. Sept. 1, 1987. § 271.082 Purchasing Program (a) The State Purchasing and General Services Commission shall establish a program by which the commission performs purchasing services for Local governments. The services must include: (1) the extension of state contract prices to par- ticipating local governments when the commission considers it feasible; (2) solicitation of bids on items desired by local governments if the solicitation is considered feasible by the commission and is desired by the Local government; and (3) provision of information and technical assis- tance to local governments about the purchasing program. (b) The commission may charge a participating lo- cal government an amount not to exceed the actual costs incurred by the commission in providing pur- chasing services to the local government under the program. (c) The commission may adopt rules and proce- dures necessary to administer the purchasing pro- gram. Acts 1987. 70th Leg.. ch. 149.4 1. eft Sept 1. 1987. § 271.033. Local Government Participation (a) A local government may participate in the pur- chasing program of the commission by filing with the commission a resolution adopted by the governing body of the local government requesting that the local government be allowed to participate on a voluntary basis, and to the extent the commission deems feasi- ble, and stating that the local government will: PROPERTY ACQUISITION Olt SALE § 271.091 459 f I designate an official to set for the Local gov- ernment in all matters relating to the program. including the purchase of items from the vendor under any contract. and that the governing Ixely will direct the decisions of the representative; (2) he responsible for • (Al submitting requisitions to the commission under any contract; or (11) electronically sending purchase orders di- rectly to vendors and electronically sending to the commission reports on actual purchases made under this paragraph that provide the information and are sent at the times required•by the commis- sion; (3) be responsible for making payment directly to the vendor; and (4) be responsible for the vendor's compliance with all conditions of delivery and quality of the purchased item. (b) A local government that purchases an item un- der a state contract satisfies any state law requiring the local government to seek competitive bids for the purchase of the item. Acts 1987, 70th Leg.. ch. 149, § 1. eff. Sept_ 1, 1987. Amend- ed by Acts 1991. 72nd Leg.. ch. 428, § 1. eff. Aug. 26, 1991; Acts 1995. 74th Leg., ch. 746, § 6, eff. Aug. a 1995. Section 2 of the 1991 amendatory act provides: "The State Purchasing and General Services Cammismon shall charge reasonable fees to subscribers to cover any costs associated with this ..cc" [Sections 271.084 to 271.090 reserved for expansion] SUBCHAPTER E. STATE INTERCEPT TO INCREASE CREDIT RATING § 271.091. Definitions In this subchapter. (1) "Local government" means a municipality, county, or hospital district of the State of Texas. (2) "Payment" means the local sales and use tax authorized by the Municipal Sales and Use Tax Act (Chapter 321. Tax Code), the County Sales and Use Tax Act (Chapter 323, Tax Code). and Subchapter E, Chapter 235, Health and Safety Code. (3) "Paying agent" means the financial institution that is designated by a local government as its agent for the payment of the principal of and inter- est on the obligation. (4) "Obligation" means bonds, notes, certificates of obligation, and other obligations authorized to be issued by the local government. WHEREAS, the City Council of Round Rock, Texas, pursuant to the authority granted by ,Section 271.083, Local Government Code, as amended, desires to participate in the Procurement Card program of the State General Services Commission, and WHEREAS, the City Council is of the opinion that participation_in this program will be beneficial to the taxpayers of this City through the anticipated savings to be realized, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Round Rock City Council does hereby designate the City Manager to act for the City Council in all matters relating to the programs in which participation would be in the best interest of the City, and the Mayor is hereby authorized and directed to execute any and all documents required for such participation. RESOLVED this 12th day of October, 1995. ATTEST: c\RESOt TZ tS11Cl2 .WPO/k E LAND, City Secretary RESOLUTION NO. R- 95- 10- 12 -13K CHARLES P •PER, Mayor City of Round Rock, Texas WHEREAS, the City Council of Round Rock, Texas, pursuant to the authority granted by Section 271.083, Local Government Code, as amended, desires to participate in the purchasing program of the State General Services Commission, and WHEREAS, the City Council is of the opinion that participation in this program will be beneficial to the taxpayers of this City through the anticipated savings to be realized, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Round Rock City Council does hereby designate the City Manager to act for the City Council in all matters relating to the programs in which participation would be in the best interest of the City. RESOLVED this 13th day of July, 1995. ATTEST: 41 IAA % IEs /REsoLorxoe RS5071 IG LAND, City Secretary RESOLUTION NO. R 95 - 07 - 13 - IOG CHARLES CQ PEPPER, Mayor City of Round Rock, Texas r The First National Bank of Chicago One First National Plaza Chicago, Illinois 60670 -0199 Atm: Ms. Cynthia P. Meyer Vice President Mayor Charles Culpepper Mayor Pro -tem Earl Palmer Council Members Robert Srluka Rod Morgan Rick Stewart Martha Chaves Jimmy Joseph City Manager Robert L Bennett. Jr. City Attorney Stephan L Sheets THE CITY OF ROUND ROCK 221 East Main Street Round Rock, Texas 78664 512.255 -3612 October 25, 1995 Fax 512- 255.6676 1-800-735-2989 (TDD) 1 -800- 735 -2988 (Voice) Re: Procurement Card Agreement between The First National Bank of Chicago ("FNBC"), a national banking association, and the State of Texas (the "State ") entered into the 17th day of March, 1993 (the "Agreement"). The City of Round Rock (the "Entity") pursuant to applicable law of the State of Texas, has requested the General Services Commission of the State of Texas (the "Commission ") to participate in described purchasing programs of the Commission pursuant to the resolution of the Entity, a true and correct copy of which is included with this letter. Pursuant to a further resolution of the Entity, a true and correct copy of which is included in this letter, the Entity has authorized its participation in the Procurement Card system provided pursuant to the Agreement. Accordingly, the Entity agrees to be bound by all of the terms and conditions of and is deemed to make all of the representations and warranties in the Agreement, a copy of which is included with this letter, just fully as if the Entity was the State party as defined in the Agreement. Without limiting the generosity of the foregoing, the Entity further agrees, that it shall be responsible only for transactions and for fees, charges and other amounts due under the Agreement related to the use of Cards by Cardmembers of the Entity pursuant to the Agreement and that the State shall not be liable for any such transactions and for any such fees, charges and other amount. The Entity agrees that notwithstanding anything to the contrary in the Agreement or this paragraph; the Cycle Spending Limit as defined in the Agreement for the Entity shall be ten thousand (Dollars); the Entity shall make payment for all transactions and the related transaction fees and other fees appearing in the Daily Data File during a two week period ending on Friday within fourteen days from the end of such period, or if such day is a FNBC holiday, the next business day (the "Payment Date "). The Entity shall make payment by wire transfer or Automated Clearinghouse transfer to an account designated by FNBC or by check to the address specified by FNBC. If all or any portion of a payment owed by the Entity is not received by FNBC by the Payment Date, then the amounts outstanding shall bear interest, from the first day after the Payment Date to the date on which FNBC receives such payment in full, at a per annum rate equal to FNBC's corporate base rate as announced from time to time plus 2 % per annum, changing when and as such corporate base rate changes. Such interest shall be calculated on the daily outstanding amount for each day during such period and on a 360-day basis; and any notices to the Entity under the Agreement or this addendum letter shall be in writing (except as otherwise provided in the Manual) 0 and shall be effective on the earlier of the date on which such notice is actually received by the party to which addressed or three days after such notice has been deposited in the United States mail, postage prepaid, at the address set forth below: For FNBC: Copy to: For the City of Round Rock: The First National Bank of Chicago One First National Plaza Chicago, Illinois 60670 -0199 Attn: Cynthia P. Meyer FCC National Bank 2500 Westfield Drive Elgin, Illinois 60123 Atm: Corporate Products Department B -3 City of Round 221 E. Main Street Round Rock, Texas 78664 Attu: By its signature below, the State indicates its consent to the terms and conditions of this letter. This letter shall be effective as an agreement as of the date above among the Entity, the State and The First National Bank of Chicago when executed by The First National Bank of Chicago. The attached letter from Clare Trautb, FCNB will be an integral part of this agreement. STATE OF TEXAS By: Title: THE FIRST NATIONAL BANK OF CHICAGO By: Title: Very truly yours, Ms. Lynn Olson City of Round Rock 221 Elm Street Round Rock, Texas 78664 Dear Lynn_ FIRST CHICAGO The First Nation] Bank or Chicago Mail Suite en Irst VptiT 70 Telephone: (312)732.4000 1 am writing to you concerning your request for clarification on The First National Bank of C'hieago's policy regarding liability related to its Procurement Card service. The agreement between the Bank and the State of Texas, of which: Yon will beeome a party. sets forth the terms and conditions tinder which you are liable for payment of certain transactions. Those transactions which you are liable for are stated in Section 4.B of the Procurement Card Agreement except for 4.B (iv) and 4.3 (v). You are not liable for payment of tra coons where Authorization in not required by the Merchant or for which Authorization instructions are not followed by the Merchant. In these two instances, transactions will post to a Cardholders account as a purchase, however. you do not have to pay such transactions. In order to receive a credit under these circumstances you mast file a dispute form with FNBC. We will then credit you the amount of the transactions and follow up with the Merchant. You may dispute any transaction you feel is not acceptable, however, you will not be guaranteed a permanent credit to your account so it is wise to consider your dispute before filing. In addition, you are not liable for payment of transactions made on a lost or stolen card after the State has reached its $10, 000 threshold limit and once the threshold limit is reached you are liable for 5500 per card per year made on a lost or stolen card. According to this you are liable for all transactions made on lost or stolen cards up to the time you report the card lost or stolen unless the State has reached its threshold limit. After such tituc you will only be liable for up to 5500 per Card. I would suggest that you take the following measures to help limit your liability. Use the reports provided to you and the cardholders to determine if the transactions appearing there are consistent with the items purchased By frequently reviewing these reports you may find out sooner if a card is lost or stolen. - Retain a copy of the from and back of the signed earl. This copy can then be used by FNBC when disputing purchases made with a lost or stolen card. A signature verification procedure would take place and if it is found the signatures do not match we will be able to obtain chargeback on the Merchant. This has been found to be a highly effective way to limit your liability. I hope this clarifies FNBC's policy regarding liability. If you have any question,, please feel free to call me to discuss. I can be reached at (312) 732 -4565. Sincerely, Clare T. Trauth Customer Service Officer 0 PRE .10 05 RECYCLED PRPEE TIITOI D 01 WHEREAS, the City Council of Round Rock, Texas, pursuant to the authority granted by Section 271.083, Local Government Code, as amended, desires to participate in the Procurement Card program of the State General Services Commission, and WHEREAS, the City Council is of the opinion that participation in this program will be beneficial to the taxpayers of this City through the anticipated savings to be realized, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Round Rock City Council does hereby designate the City Manager to act for the City Council in all matters relating to the programs in which participation would be in the best interest of the City, and the Mayor is hereby authorized and directed to execute any and all documents required for such participation. RESOLVED this 12th day of October, 1995. ATTEST: 411 611JA 'ANNE LAND, City Secretary R: \&ESOLUTI \RSS1OIix.WPO /kg RESOLUTION NO. R- 95- 10- 12 -13K CHARLES CZAPER, Mayor City of Round Rock, Texas DATE: October 10, 1995 SUBJECT: City Council Meeting, October 12, 1995 ITEM: 13. K. Consider a resolution authorizing the City to participate in the Procurement Card system provided pursuant to the agreement between the First National Bank of Chicago and the General Services Commission of the State of Texas. STAFF RESOURCE PERSON: David Kautz STAFF RECOMMENDATION: Staff requests Council approval to participate with the State General Services Commission in implementing an automated purchasing card system. Approval of this item allows the City to participate in an automated purchasing system which utilizes a "procurement card" which is similar to a credit card, but which offers more transaction control and documentation. Currently, routine purchases are handled by individual City departments through obtaining a purchase order, obtaining petty cash or seeking reimbursement of out -of- pocket expenditures. The procurement card system would enable departments to purchase necessary items directly from vendors with less administrative process. Automated restrictions placed on the procurement cards would limit financial exposure while user information imbedded in the card number would provide transaction information and audit control. Upon Council approval, a pilot program will be implemented and evaluated, with the Parks and Recreation department serving as the implementation site. Expected benefits of this program include less paperwork processing, more efficient and timely acquisition of routine supplies, faster vendor payments and improved transaction reporting. First Chicago National Bank has been awarded the bid to service procurement cards for the State of Texas. The City would be agreeing to abide by the terms and conditions set out between the State and First Chicago National Bank.