IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
A RESOLUTION authorizing the Manager of the Division of Finance to execute an Amendment to the Depository Agreement with UMB Bank to provide for lockbox processing, at an estimated annual cost to the County of $56,700.00.
Intro
RESOLUTION # 13329, August 28, 2000
INTRODUCED BY Victor E. Callahan, County Legislator
Body
WHEREAS, UMB Bank has served as the County's primary depositary institution since at least 1994; and,
WHEREAS, with the opening of its new Operations and Technology Center in 1999, UMB has enhanced its ability to serve its banking customers by providing for imaging and processing of remittance payments, through a "lockbox" system; and,
WHEREAS, under such a system, UMB would pick up the County's tax and other payments at the post office several time a day, process the payments in an electronic format and notify the County so that the proper accounts can be credited, and promptly deposit the payments in the County's account; and,
WHEREAS, such a system should greatly expedite the County's tax collection process; and,
WHEREAS, the estimated annual fee for this service is $56,200, which includes a one-time $3,000 programming fee; and,
WHEREAS, the County will be able to offset much of this fee with saved overtime salary expenses within the Collection Department; now therefore,
BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the Manager of the Division of Finance be and hereby is authorized to execute any and all documents necessary to amend the County's Depository Agreement with UMB Bank to provide for lockbox services; and,
BE IT FURTHER RESOLVED that the Manager of the Division of Finance be and hereby is authorized to make all payments, or to allow the debit of County accounts, required for this service.
Enacted and Approved
Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.
APPROVED AS TO FORM:
_________________________ ___________________________________
County Counselor
Certificate of Passage
I hereby certify that the attached resolution, Resolution #13329 of August 28, 2000 was duly passed on ___________August 28___________________, 2000 by the Jackson County Legislature. The votes thereon were as follows:
Yeas ________8_________ Nays _______0______
Abstaining _____0________ Absent ______1______
______________________ _____________________________________
Date Mary Jo Brogoto, Clerk of Legislature
Fiscal Note
Funds sufficient for this expenditure are subject to appropriation in the 2001 Budget.
____________________________ ___________________________________
Date Director of the Department of Finance