Commission recommends first amendment to ATM services agreement with Tyler Distributing
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Summary
Kenai Airport Commission on May 8 recommended council approve a first amendment to the ATM services agreement with Tyler Distributing Company Inc.; staff said the vendor pays 15% and the amendment continues the same terms with renewals available.
The Kenai Airport Commission on May 8 recommended that the City Council approve a first amendment to the airport's ATM services agreement with Tyler Distributing Company Inc.
Staff reported the amendment covers the contract's second year and that the vendor pays 15 percent (commission) under the current terms. The amendment would allow renewal under the same terms for up to four additional years, per the staff report.
A commissioner asked how ATM agreements with banks and stores typically work, citing Wells Fargo and Global Credit Union; staff responded that they did not have details on those outside agreements. The commission moved and seconded a recommendation to the council and approved forwarding the amendment by unanimous consent; no roll-call tally was recorded in the transcript.
The recommendation will go to City Council for final approval.
