17-048CITY OF SHOREWOOD
RESOLUTION NO. 17048
RESOLUTION ESTABLISHING A PURCHASE PROGRAM CARD PROGRAM OPERATED
BY PFM AND ESTABLISHING A POLICY FOR ITS USE
WHEREAS the Shorewood City Council adopted Resolution No. 14 — 041 on June 9, 2014 that
authorized entering into a purchase card program and creating a policy governing the use of the service;
and,
WHEREAS the program was never established, but the City Council finds it is in the best interest of the
City of Shorewood (the "City ") to enter into an arrangement with Bank of Montreal (the `Bank ") to
provide the City with credit by way of a Corporate MasterCard account; and,
WHEREAS the City has the power and authority to borrow money and otherwise obtain credit and to
grant security on its assets;
NOW THEREFORE BE IT RESOLVED:
1. That the City is authorized to enter into an arrangement with the Bank to provide the City with
credit by way of a Corporate MasterCard account, under which arrangement employees of the City
may be issued with Corporate Cards on the MasterCard corporate account of the City with the
Bank and the City shall be responsible for the payment of all amounts, including fees and interest,
charged to such corporate account, the whole substantially on the terms and conditions set forth in
the draft Corporate MasterCard Account Agreement submitted to and hereby approved by the City
council.
2. That the Mayor and City Administrator are hereby authorized to sign for and on behalf of the City
a Corporate MasterCard Account Agreement with the Bank substantially on the terms and
conditions of the draft thereof approved by the City Council, with such changes or modifications
as the persons so signing may in their discretion deem appropriate, and to sign such other
documents and do such other things they in their discretion deem appropriate or advisable in
connection with or to give effect to such Corporate MasterCard Account Agreement and the
program contemplated thereunder.
3. That the City Council hereby approved the Purchase Card policy as attached to this Resolution.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 22nd day of May,
2017.
ATTEST
Sandie Thone, City Clerk
Scott , M or
I, the undersigned, City Clerk for the City of Shorewood (the "City ") hereby certify that the foregoing is a
true, correct and complete copy of a resolution of the directors of the City passed effective the 22 °a day of
May 2017, and the said Resolution is in full force and effect and unamended as of the date hereof.
Nd
This day of 20
Sandy Thone, City Clerk