HomeMy WebLinkAboutResolution - 2024-R0314 - Amendment No.1 To Contract 14522, With Openedge Payments, LLC - 07/09/2024Resolution No. 2024-R0314
Item No. 6.17
July 9, 2024
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute
for and on behalf of the City of Lubbock, an Amendment to that certain Contract No. 14522,
Resolution No. 2019-R0091, for payment gateway credit card transaction services, whereby
certain terms and conditions are amended, by and between the City of Lubbock and OpenEdge
Payments, LLC, a division of Global Payments, of Lindon, Utah, and related documents. Said
Amendment is attached hereto and incorporated in this resolution as if fully set forth herein and
shall be included in the minutes of the City Council.
Passed by the City Council on
ATTEST:
�d r`
C n P z, Ci Secretary
AP�'ROV�D AS TO CONTENT:
"IOw� l�� �
Bill Howerton, Deputy City Manager
APPROVED AS TO PORM:
Rachael Foster, sistant City Attorney
ccdocslllRES.ServiceContract- Amend Contract 14522 MC Credit Card Svcs.
June 21, 2024
Julv 9. 2024 .
Docusign Envelope ID: tlEF478C8-D26E-48CC-95B8-C35125154745
Resolution No. 2024-R0314
CLIENT SATISFACTION OFFER
Merchant Name or DBA Name: LUBBOCK, TX ("Merchant")
Merchant ID(s): 8788242975939, 8788242981566, 8788242981567 ("MID" or "MIDs")
Date: 02/02/2024
globalpayments
I ntegrated
OPENEDGE PAYMENTS LLC ("OpenEdge"), a Global Payments company, values its merchant clients and strives to
create mutually beneficial, long-term relationships with them. To that end, OpenEdge offers you, the Merchant, the
following terms �► behalf of its affiliate, Global Payments Direct, Inc. ("Global Direct"). Accepting this offer will modify
your Card Services Agreement (the "AgreemenY') with Global Direct in accordance with the adjustments listed below
(the "Amended Rates"). Capitalized terms not defined herein shall have the meaning given in the Agreement.
Amended Rates
Credit Discount Rate 0.35% Per item $0.35
Debit Discount Rate 0.35% Per item $0.35
Settlement Funding Fee 0.20% Per item $0.20
Risk Assessment Fee 0.35% Per item $0.35
Please see the Rate Analysis for full details.
Contract Term
The Amended Rates will become effective on the first day of the calendar month of the Effective Date so long as this
Client Satisfaction Offer is executed and received by Global Direct by the 10�" of the calendar month, otherwise the
Amended Rates will be effective on the first day of the calendar month following the Effective Date. The Amended Rates
are subject to the terms and conditions of the current version of the Agreement. All fees, rates, charges and other terms
not otherwise revised per this Client Satisfaction Offer remain in full force and effect
Merchant agrees to extend the term of the Agreement for 36 months from the last date of execution below (the
"Eti'ective Date"). This time period will be referred to as the "Extended Term". At the expiration of the Extended
Term, the Agreement will automatically renew as per the terms of the Agreement for successive one-year periods (each
a"Renewal Term", and collectively with the Initial Term and the Extended Term, the "Term").
Merchant agrees to pay the following account closure fees per terminating MID upon early termination of the
Agreement: (a) $500.00 if terminated with more than 12 months remaining in the Term; or (b) $250.00 if terminated
with 12 or fewer months remaining in the Term, or such portion of the foregoing as may be permitted by applicable
law.
All other terms and conditions of the Agreement remain unchanged. This Client Satisfaction Offer and the details
contained herein are confidential and may not be disclosed, displayed, or otherwise transmitted to any third party
except to attorneys, accountants or other professional advisers as may be necessary to effect the purposes of this letter
between the parties. By signing below, each party acknowledges that it has carefully read and fully understood this
amendment, and each agrees to be bound by the terms of this amendment.
OPENEDGE PAYMENTS DocuSigned by: LUBBO , T
k..,n..,d� �4'n,ol...�-ae�n. �
Signed By: Signed By
Kenedy Anderson Mark MCBra er
Name: Name:
Manager
Title: Title: Mayor
7une 0, 2024 '
Date: Date: July 9, 2024
Client Offer -GPD v1.2023 Page 1 of 1 CONFIDENTIAL
ATTEST:
ASyU CONTENT:
Hernandez, Municipal Co�i-t Presiding Judge
APPROVED AS TO FORM:
Rachael Foster, Assis n City Attorney
Client Offer -GPD v1.2023 Page 2 of 2
Docusign Envelope ID: OEF478C8-D26E-48CC-9568-C35125154745
globalpayments "'"°F`�ee°�_weB°�,�
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Rata subject to change
I ntPOYatPfl 3 WatlonsNeNew z/vzoza
This is a wmmary of proposed nte an0 fee rlunga
TOTAL P07EN71AL YOMNLY BANNGB f2,8l3]D
POiEM1AL YEARLY 811VIN0.4 f�t,l27.N
GERCEMAGE BAVINGS 25%