Contract Request Template (Contracts; IGAs; Leases)
Date Submitted: 11-23-20
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
Name: Kiki Turner
Email: Kiki.Turner@denvergov.org
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 Second Amendatory Agreement between the City and County of Denver, Paymentech LLC, and JPMorgan Chase Bank, N.A. to extend the term and add additional funds to provide credit card payment processing.
Amends a contract with JPMorgan Chase Bank, Merchant Services by adding $30 million for a new total of $80,000,000 and two years for a new end date of 12-31-22, adding gateway services to the contract and maintaining the City's credit card processing services (FINAN-202055923). The last regularly scheduled Council meeting within the 30-day review period is on 1-11-21. The Committee approved filing this item at its meeting on 12-8-20.
body
Affected Council District(s) or citywide? Citywide
Contract Control Number: FINAN-202055923
Vendor/Contractor Name (including any "DBA"): JPMorgan Chase Bank, Merchant Services
Type and Scope of services to be performed:
The City's banking structure provides secured revenue processing, managed disbursement, custodial, reconciliation and reporting services for the $10 billion that flows through Denver's bank accounts annually. Our high volume of deposits and disbursements require a robust set of bank services to support daily operations including file transfer management, high volume payment processing ...
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