Title
Consider a resolution authorizing the Mayor to execute an Agreement with WEX Bank for the purchase of fuel cards and related processing services.
Body
This Agreement will authorize a renewal of our current contract with WEX Bank, which is set to expire on September 7, 2025. With this Agreement, upon extension of the Sourcewell contract, our new contract term will not exceed sixty (60) months. This contract is written in accordance with the terms and specifications of Sourcewell Cooperative Contract No. 080620-WEX, which was established through a competitively solicited process and Wright Express Financial Services Corporation (WEX) is an authorized vendor of that contract. This contract will extend the current authorized fuel card services needed to support City operations.
Agreement will expire 9/7/2025.
Cost:$480,000.00
Source of Funds: General Fund