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RESOLUTION NO. 2024-066 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> ESTABLISHING A CONVENIENCE SURCHARGE FOR CREDIT CARD PAYMENTS <br /> MADE TO THE CITY AND UPDATING THE INDIRECT COST RATE <br /> WHEREAS, the City has expanded the opportunity for its customers to pay for permits <br /> and services using credit cards; and <br /> WHEREAS, while credit card payments offer many benefits to the City and its customers, <br /> the City must pay fees to credit card companies, payment processing vendors, and the bank; and <br /> WHEREAS, to mitigate the growing financial impact of credit card fees on the City's <br /> revenue, the City wishes to establish a convenience surcharge on all payments made to the City <br /> using a credit card; and <br /> WHEREAS, the City conducted a comprehensive cost allocation study to update its <br /> indirect cost rate. <br /> NOW, THEREFORE THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES <br /> RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br /> SECTION 1. Establish a 2.50 percent convenience surcharge on all payments made to <br /> the City using a credit card, effective January 1, 2025. <br /> SECTION 2. Update the City's indirect cost rate to 27.03 percent, effective November <br /> 18, 2024. <br /> SECTION 3. Authorize the City Manager to take any actions to implement the intent of <br /> this resolution. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on October 15, 2024. <br /> I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the 1511 day of October, <br /> 2024, by the following vote: <br /> Ayes: Councilmembers Arkin, Balch, Nibert, Testa, Mayor Brown <br /> Noes: None <br /> Absent: None <br /> Abstain: None <br /> J lyn K ong ity Clerk <br /> APPROVEAS TO FORM: <br /> 6 <br /> Daniel G. Sodergren, City Attorney <br />