Title
RESOLUTION AUTHORIZING THE FOURTH AND FINAL RENEWAL OF A CONTRACT TO WEX BANK FOR CIRCLE K SERVICE STATION FUELS FOR 2026 FOR AN AMOUNT NOT TO EXCEED $1,108,800.00.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to contract with Wex Bank, for the purchase of Circle K service station fuels as needed for year 2026 for an amount not to exceed $1,108,800.00, payable from 660-015-5212 (fleet services fund; Public Administration; motor fuels).
Statement of Purpose
STATEMENT OF PURPOSE: This resolution authorizes a renewal to a contract with Wex Bank for Circle K service station fuels in 2026. This is the fifth and final year of the contract period which will run from January 1, 2026 through December 31, 2026. There are no remaining renewals on this contract.
The final fuel price is based on a fixed constant of $.02 cents per gallon over the Duluth daily refinery rack rate average. The estimated contract cost is based on historical usage and rack rates.