Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 11-20-2023
Requesting Agency: Finance
Division:
Subject Matter Expert Name: Carolina Flores
Email Address: Carolina.flores@denvergov.org <mailto:Carolina.flores@denvergov.org>
Phone Number:
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A resolution approving a proposed Agreement with Paymentech, LLC for the purchase of credit card acceptance and processing services, citywide.
Approves a contract with Paymentech, LLC for $148,500,000 and a term of 5 years with an end date of 12-31-2028 with three optional one-year renewals followed by one year of month-to-month renewal options for the purchase of credit card acceptance and processing services, citywide. 202367389. The last regularly scheduled Council meeting within the 30-day review period is on 12-18-2023. The Committee approved filing this item at its meeting on 11-21-2023.
body
Affected Council District(s) or citywide?
citywide
Contract Control Number:
202367389
Vendor/Contractor Name (including any “DBA”):
Paymentech, LLC
Type and Scope of services to be performed:
Paymentech, LLC will provide the City with credit card processing services including high-volume online and point-of-sale revenue processing, settlement, fraud detection and controls, reconciliation, and reporting
Location (if applicable):
WBE/MBE/DBE goals that were applied, if applicable (construction, design, Airport concession contracts):
N/A
Are WBE/MBE/DBE goals met (if applicable)?
N/A
Is the contract new/a renewal/extension or amendment?
new
Was this contractor selected by competitive process or sole source?
Competitive process
For New contracts
|
Current Contract Amount (A) |
|
$148,500,000 |
|
Current Contract Term |
|
Initial 1/1/2024 - 12/31/2028 Plus three optional one-year renewal terms ending 12/31/2031 Plus 12 month-to-month renewals ending 12/31/2032 |