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Oxnard committee recommends council approve up to $27.5 million WEX Bank fleet fuel purchase order
Summary
The committee recommended the City Council authorize annual purchase orders with WEX Bank for a fleet fuel card program under a Sourcewell cooperative contract, with an initial term and options totaling up to $27.5 million and safeguards discussed for card usage and electric-vehicle transition.
The Oxnard City Public Works and Transportation Committee on Oct. 14 recommended that the City Council approve and authorize the purchasing agent to execute annual purchase orders with WEX Bank for the city’s fleet fuel card program under a Sourcewell cooperative contract. The initial contract capacity would cover 12/7/2025 through 6/27/2029, with options to extend up to 6/27/2032, and a total not-to-exceed amount of $27,500,000.
Staff told the committee the requested amount is based on recent multi-year usage averages and includes a prudent allowance for…
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