Title
Request permission to increase the United Bank VISA Credit Card limit.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Finance Division/Sue Steigerwald: Request permission to increase the United Bank VISA Credit Card limit from $36,500 to $50,000 to accommodate issuance of cards to Economic Development and IT Divisions and to maintain sufficient limit to issue temporary card increases when required.
SOURCE OF FUNDING:
Please provide the amount requested: N/A
Is this a budgeted item? Yes /No Yes
Please provide the budgeted amount: $ Varies by Dept/Fund Account No. throughout all depts and funds
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/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 new card issuance and occasional temporary 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 $36,500 as previously established by Resolution 4914-12 to $50,000.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.