SUBJECT/RECOMMENDATION:
Title
Authorize a purchase order with WEX Bank of Portland, ME in an amount not-to-exceed $320,000.00 for fleet fuel card services for the term of October 1, 2021 through December 31, 2025 with a two-year optional extension in the amount of $150,000.00 in accordance with City Code of Ordinances, Section 2.563 (1)(c) Piggyback or cooperative purchasing and authorize the appropriate officials to execute same. (consent)
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SUMMARY:
Authorization is requested to piggyback off of the State of Florida awarded contract #78181701-21-NASPO-ACS (NASPO Cooperative Purchasing Master Agreement #00819) with WEX Bank (WEX) to provide fleet fuel card services in the amount of $320,000.00 through December 31, 2025, with a two-year renewal option at $150,000.00.
WEX is the most widely accepted fuel card company in the US. Additionally, it provides incentives for prompt payment, detailed fueling reports, customer service 24/7, as well as a quarterly rebate based on total fuel spend.
APPROPRIATION CODE AND AMOUNT:
Funds are budgeted for fiscal year 21/22 in fleet maintenance cost code 5666611-550500, fuel, to fund the first year. Funding for future years will be included in the department’s budget request.