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Meeting Date:
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6/7/2021 - 6:00 PM
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Category:
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Business Services
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Type:
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Action
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Subject:
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Accept and approve the Addendum Contract modification to the original agreement with Commerce Bank to add Commerce commercial purchasing cards to the district for use at all school sites. This modification will bring an additional 1.25%-1.40% rebate each month and provide sites with faster and easier purchasing capabilities. The term dates for this addendum are July 1, 2021 - June 30, 2022. C. Mitchem
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Enclosure
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Agreement
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File Attachment:
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Summary:
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A master agreement with Commerce Bank currently exists with a Net Volume Revenue Share at 1.12%, 1.19% and 1.24%. This addendum provides BAPS the ability to increase this volume revenue with a commercial card line.
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Funding:
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Not Applicable
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Recommendation:
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Approve
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Approvals:
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Recommended By:
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Signed By:
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Debbie Hill - Board Clerk
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Signed By:
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Natalie Eneff - Chief Financial Officer
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Signed By:
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Janet Vinson - Superintendent
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Vote Results:
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| Original Motion | | Member Jerry Denton Moved, Member John Cockrell seconded to approve the Original motion 'Approve'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Brandy Roulet | Yes | | John Cockrell | Yes | | Steve Majors | Yes | | Steve Allen | Yes | | Jerry Denton | Yes | |
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