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HomeMy WebLinkAbout1999 RESOLUTION NO. 1999 A RESOLUTION of the City Council of the City of Kent, Washington, authorizing the assessment of service and convenience fees for processing credit card, debit card, and eCheck transactions. RECITALS A. The volume of credit card, debit card, and online transactions has grown substantially over the past several years, and the trend of increased use of these methods of payment is expected to continue. B. The City incurs significant costs associated with processing credit card, debit card, and eCheck transactions, and implementing a service or convenience fee is a necessary means of avoiding those costs which amount to over $700,000 annually. C. The City could offset these significant transaction costs by assessing a service fee and/or convenience fee which could be based on a percentage of a transaction or a flat fee per transaction. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: 1 Authorizing service and convenience fees RESOLUTION SECTION 1. - Service and Convenience Fees. The Finance Director is authorized to implement a service fee and/or a convenience fee for the purpose of avoiding or offsetting the cost of processing credit card, debit card, and eCheck transactions. SECTION 2. - Amount of Fees. The Finance Director should monitor credit card, debit card, and eCheck processing fees relative to processing costs, and may adjust the fees as necessary in an effort to avoid or offset processing costs. The Director should also conduct such monitoring and may make adjustments to ensure fees are reasonable and in line with industry standards. SECTION 3. - Severability. If any one or more section, subsection, or sentence of this resolution is held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this resolution and the same shall remain in full force and effect. SECTION 4. - Corrections by City Clerk. Upon approval of the city attorney, the city clerk is authorized to make necessary corrections to this resolution, including the correction of clerical errors; resolution, section, or subsection numbering; or references to other local, state, or federal laws, codes, rules, or regulations. SECTIONS. - Effective Date. This resolution shall take effect and be in force immediately upon its passage. 7 November 19, 2019 DANA RALPH, MAYOR _U Date Approved 2 Authorizing service and convenience fees ATTEST: November 19, 2019 KIMBERLEY A. KO TO, CITY CLERK Date Adopted r APPROVED AS TO FORM: >o` ON F 4 t J Si ~ d ARTH "P T' FITZPATRICK, CITY ATTORNEY 3 Authorizing service and convenience fees