COUNCIL COMMUNICATION
TO: Honorable Mayor and Council
FROM: Tabatha Miller, Administrative Services Director
SUBJECT:Title
Award Agreement for Professional Services to CDS Global, Inc. for Lockbox Services
Body
FUNDING SOURCE:
General Fund
PURPOSE:
Award Agreement for lockbox services for processing utility bill payments.
BACKGROUND:
In November, 2017 the City solicited Requests for Proposal to supply lockbox services for City utility bills. Lockbox services include receiving utility remittances on behalf of the City, processing the payments, making daily deposits to the City’s bank and creating an electronic file to upload to the City’s utility billing software. The City received three proposals and the selection committee selected CDS Global, Inc. as the preferred vendor. CDS Global, Inc. is the City’s current service provider and proposed the least expensive services.
COMMUNITY IMPACT:
N/A
FISCAL IMPACT:
Sufficient Funds are available in Account No. 110.1612.401.46-10. The costs of the lockbox services are allocated to the Water, Wastewater and Refuse utility funds.
ATTACHMENTS:
Services Contract between Lake Havasu City and CDS Global, Inc.
SUGGESTED MOTION:Recommended Action
I move to award the Agreement for Professional Services to CDS Global, Inc. for lockbox services.