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Reso 2021-3185
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Reso 2021-3185
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Last modified
7/28/2021 3:03:08 PM
Creation date
4/28/2021 10:18:49 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2021-3185
Date (mm/dd/yyyy)
04/15/2021
Description
P.O. for unleaded fuel using fuel card program. State of Florida contract with WEX Bank.
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DocuSign Envelope ID: C1AD950E-9B4C-4DE5-98D5-725EBB24CD9D <br />EXHIBIT C <br />SCHEDULE OF POINTS AND FEES <br />1. Incentive Share #1—Standard Volume Incentive —Each Customer will receive a basis point <br />(percentage) of their quarterly standard sales volume. The formula for calculating the Standard <br />Volume Incentive is: <br />Quarterly Total Volume x basis points = Quarterly Standard Volume Incentive. <br />Basis Points Offered: 170 basis points (1.70%) <br />2. Incentive Share #2 —Prompt Payment Incentive— Each Customer will receive a basis point <br />(percentage) of their Quarterly Total Volume based on the entity's average speed of pay. The <br />formula for calculating the Prompt Payment Incentive is: <br />Quarterly Total Volume x Basis Points for Entity average file turn days = Quarterly Prompt <br />Payment Incentive. <br />Note: The payment terms for the Master Agreement is forty-five (45) days. <br />Basis Points Offered: <br />Avg File <br />Turn Days <br />Basis <br />Point <br />1 <br />20 <br />2 <br />19 <br />3 <br />18 <br />4 <br />17 <br />5 <br />16 <br />6 <br />15 <br />7 <br />14 <br />8 <br />13.5 <br />9 <br />13 <br />10 <br />12.5 <br />11 <br />12 <br />12 <br />11.5 <br />13 <br />11 <br />14 <br />10.5 <br />15 <br />10 <br />16 <br />9.5 <br />17 <br />9 <br />18 <br />8.5 <br />19 <br />8.125 <br />20 <br />7.75 <br />Avg File Turn Days <br />Basis <br />Point <br />21 <br />7.375 <br />22 <br />7 <br />23 <br />6.625 <br />24 <br />6.25 <br />25 <br />5.875 <br />26 <br />5.5 <br />27 <br />5.125 <br />28 <br />4.75 <br />29 <br />4.375 <br />30 <br />4 <br />31 <br />3.75 <br />32 <br />3.5 <br />33 <br />3.25 <br />34 <br />3 <br />35 <br />2.75 <br />36 <br />2.5 <br />37 <br />2.25 <br />38 <br />2 <br />39 <br />1.75 <br />40 <br />1.5 <br />Avg File Turn <br />Days <br />Basis <br />Point <br />41 <br />1.25 <br />42 <br />1 <br />43 <br />0.75 <br />44 <br />0.5 <br />45 <br />0.25 <br />46 <br />0 <br />47 <br />0 <br />48 <br />0 <br />49 <br />0 <br />50 <br />0 <br />51 <br />0 <br />52 <br />0 <br />53 <br />0 <br />54 <br />0 <br />55 <br />0 <br />56 <br />0 <br />57 <br />0 <br />58 <br />0 <br />59 <br />0 <br />60 <br />0 <br />
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