Issue - meetings

The Committee gave consideration to a report seeking approval of procurement exceptions for a new banking contract and a new Merchant Acquiring Service contract.

Note:              Councillor I. Fleetwood declared a personal non-pecuniary interest and stated he would not partake in the vote.

The specifics of the contracts were explained, the benefits of remaining with the existing provider, as well as the risks involved with sourcing a new provider should Members wish to change.

In response to a question regarding the length of the contract and whether planned local government reorganisation might have an impact, it was confirmed that, as there was no confirmed reorganisation, nor associated timeframes, it was important for the council to continue with business as usual, with the risks of not doing so far higher.  

With Members content with the procurement exceptions as presented, and on moving, seconding, and voting upon the written recommendations, it was

            RESOLVED that

a)    the procurement exception at Appendix 5 for a contract for Banking Services with Lloyds Bank for a period of seven years plus the option to extend for a further three years starting on 1st April 2025 be approved; and

b)    the procurement exception at Appendix 6 for a contract for Merchant Acquiring Services with Lloyds Bank for a period of seven years plus the option to extend a further three years starting on 1st April 2025 be approved.