title
Resolution approving three-year contract with DebtBook, with optional extensions, for hosted debt management software
body
WHEREAS, in February 2023, the Finance Department began using DebtBook for debt management on a trial basis, and is looking to add the “sizing” module and extend the contract with DebtBook for two years beyond the current contract, with two optional one-year extensions, as more particularly described at the meeting of the Financial Affairs Committee on January 21, 2025;
NOW, THEREFORE, BE IT RESOLVED by the Common Council that authorization be granted to the Finance Department to extend the contract with DebtBook for an additional two years beyond the current contract, with two optional one-year extensions, as more particularly described at the meeting of the Financial Affairs Committee on January 21, 2025.
By: Financial Affairs Committee
recommendation
Recommendation: Approve 7-1