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Ci ty of <br />Pequot <br />Lakes _ _ <br />AGENDA ITEM #10.2 <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Sandy Peine, City Clerk <br />Date: September 3, 2013 <br />Subiect: City Credit Card <br />Report: The City currently uses Cardmember Service as <br />its credit card company. Lakes State Bank has approached <br />the City with an option of using a Visa business credit card <br />which would be administered by Lakes State Bank. Nancy <br />Malecha and I met with representatives of the Bank to <br />discuss the benefits of switching credit card companies. <br />The existing credit card is not a corporate card and because <br />of this the City Clerk is listed as the responsible party for <br />any credit card misuse. The credit card offered by Lakes <br />State Bank is a business card and would list the City as <br />being ultimately responsible for any misusage of the card. <br />Council Action Requested: Council motion to <br />discontinue use of the credit cards through Cardmember <br />Service and to approve application of the Lakes State Bank <br />Visa credit card. <br />