Resolution - Employee Loan Program offered through BMG
CITY OF DANIA BEACH
Agenda Request Item
Type of Request: Adopt Resolution
(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)
Award Bid /RFP, Presentation, Public Hearing)
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Requested Action (Identify appropriate Action or Motion) |
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Motion to Adopt Resolution |
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Description of Action |
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The Administration asks for Commission consideration and approval to authorize an employee loan program offered by BMG Money. The City of Ft. Lauderdale recently approved this employee loan program for their employees. The program offers employees the opportunity to apply for a loan from BMG Money with payments made through a payroll deduction from their City pay. The City is not involved with or responsible for the employee loan application nor is the City liable for the loan repayment outside of remitting the employee payroll deduction to BMG. |
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Purchasing Requests ONLY |
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Fund: (Select from: General, Water, Sewer, Stormwater, Grants, Capital) |
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Fiscal Impact/Cost Summary |
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None |
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Exhibits Attached |
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Memo, Resolution, Agreement |
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