Title
Automated Teller Machine License Agreement with Bank of America, National Association, at Phoenix Sky Harbor International Airport and Rental Car Center (Ordinance S-50168)
Description
Request to authorize the City Manager, or his designee, to enter into a license agreement with Bank of America, National Association (Bank of America) to continue to provide Automated Teller Machine (ATM) services at Phoenix Sky Harbor International Airport (PHX) and the Rental Car Center (RCC). Further request to authorize the City Treasurer to accept all funds related to this item. The gross sales for ATM services are estimated to generate $249,996 to the City over the term of the license agreement.
Report
Summary
The City Council authorized ATM Concession Agreement 146614 with Bank of America in December 2017 to provide ATM services at PHX and RCC. This contract expired Dec. 31, 2022. A temporary six-month license agreement was executed in January 2023 to ensure ATM services were available to airport customers while a new solicitation was being developed. The temporary license agreement expired on June 30, 2023, before the completion of the new solicitation process. Staff is requesting authorization to enter into a license agreement with Bank of America on a month-to-month basis for up to 12 months or until a vendor is selected and awarded a new concessions contract from the City’s solicitation process, whichever comes first. The 12 month term of the license agreement will be effective July 1, 2023.
Contract Term
The term of the license will be month-to-month for up to 12 months and will begin on July 1, 2023.
Financial Impact
Bank of America will pay an estimated $20,833 per month, which will result in approximately $249,996 revenue to the City over the term of the license.
Location
Phoenix Sky Harbor International Airport: 2485 E. Buckeye Road
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.