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01-12-2015 CC
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01-12-2015 CC
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Last modified
1/28/2025 4:45:56 PM
Creation date
6/19/2018 12:29:31 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
1/12/2015
Supplemental fields
City Council Document Type
City Council Packets
Date
1/12/2015
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ATM Space Agreement <br /> <br />Date: 1-8-15 <br /> <br />Merchant: Mounds View Community Center ATM Owner: ATM Source <br /> <br />Address: 5394 Edgewood Drive, Mounds View MN 55112 Address: 8535 Hwy 65, Suite 106, Blaine, MN 55434 <br /> <br />General Terms <br />1. ATM Source, Inc. will provide the ATM, repairs, monthly ATM operating costs, and ATM insurance for the cash <br />dispensing machine at your location within four weeks of the date of this Agreement and will be located there <br />for a period of (5) years and automatically renew for an additional (30) days thereafter, unless terminated by <br />either party by giving the other party written notice of intent not to renew at least ninety (90) days prior to the <br />expiration date of the original term or any renewal thereof. Merchant has the option to purchase this ATM or a <br />different ATM from ATM Source and will continue to process the ATM with ATM Source. The current ATM and <br />all cash inside the ATM will be solely owned and property of ATM Source, Inc. <br />2. The machine will be located at Mounds View Community Center, 5394 Edgewood Dr, Mounds View, MN 55112. <br />3. Merchant will be responsible for providing a dedicated 110 volt outlet and internet cable from the router to the <br />ATM, both within 3 feet of each other where the ATM will be bolted to the floor. Merchant agrees to indemnify <br />and hold harmless ATM Source from any direct or indirect claims, liabilities or costs arising from the operation <br />and use of or around the ATM. <br />4. Income based on $ 1.95 surcharge and will be paid as follows: $ .50 cents per surcharged withdrawal paid to <br />Merchant after the ATM has completed 125 surcharged withdrawals per month, as long as the networks and <br />regulation allow ATM surcharging. Income on all surcharged transactions will be sent via ACH to Merchant’s <br />account at the address listed above by the 30th of the following months transactions. <br />5. Either party may cancel the Agreement at the end of the term by providing written notice. ATM Source may cancel <br />the agreement at any time if surcharged withdrawals average below 125 per month. <br />6. Merchant is expected to list the ATM with their insurance company as “property of others.” Coverage for fire <br />vandalism and all-risk perils (special perils), showing ATM Source as loss payee is to be provided. <br />7. While this agreement is in effect, merchant will not allow any other ATM service provider to operate an ATM <br />cash dispensing machine at the location listed above. <br />8. Any ATM signage displayed must be approved by ATM Source and merchant. <br />9. If Merchant decides to cancel this agreement, notice shall be sent by certified mail, addressed as shown above <br />giving proper notice, as listed in line item one. <br /> <br />ACH AUTHORIZATION RELEASE (PLEASE TYPE OR PRINT - ATTACH VOIDED CHECK) <br /> <br />_______________________ hereby authorizes ATM SOURCE to initiate ACH transfer entries for Adjustments, Error <br />Corrections, Daily Transaction Settlement, and any fees owed to ATM SOURCE, through our Demand Deposit Account <br />at: Financial Institution Name: Phone: : <br />Address: <br />Routing Transit Number: Account Number: <br />All disputes concerning this Agreement shall be resolved through arbitration and the American Arbitration <br />Association of Minneapolis Minnesota. Merchant will notify ATM Source if surcharge sticker, Braille <br />stickers, and/or bank or card network stickers are not located on ATM and if audio jack isn’t working. <br />ATM Source will provide these stickers at no charge. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed and delivered their agreement through their <br />respective duly authorized representatives. <br /> <br />ATM Source <br /> <br />By: <br />Print: <br />Title: <br />Date: <br /> <br />Merchant <br /> <br />By: <br />Print: <br />Title: <br />Date: <br />Cell: <br />Email: <br /> <br />
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