Title
Request permission to increase the United Bank VISA Credit Card limit.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
The current United Bank VISA credit card limit is $50,000. Request permission to increase the limit to $75,000 to accommodate new card issuance and occasional card increases.
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, Resolution 3323-08 authorized obtaining United Bank VISA credit cards to be used in accordance with City policy and guidelines. There is now a need to increase the City's aggregate credit card limit to accommodate the issuance of new departmental cards and occasional card increases.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves increasing the United Bank VISA Credit Card limit from $50,000 as previously established by Resolution 13-0166 to $75,000.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.