Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to modify past, present, and future contracts and purchase orders with Paul Peterson Company. Paul Peterson Company has undergone a reorganization and divided their services and products (goods) into two separate companies. This ordinance authorizes the assignment of all past, present and future business done by the City of Columbus from Paul Peterson Company tax ID# 31-0868875 to Peterson Highway Safety Inc. tax ID# 83-2962527.
No additional funds are necessary to modify the option contract as requested. There is no change in the type of products being procured and the original contract was formally bid. The original terms and conditions remain in effect.
EMERGENCY DESIGNATION: The Finance and Management Department respectfully requests this legislation be considered an emergency in order to maintain an uninterrupted supply of Traffic Control Devices.
FISCAL IMPACT: No additional funding is required to modify the option contract. The Department of Public Service must set aside their own funding for their estimated expenditures.
Title
To authorize the Finance and Management Director to modify past, present and future contracts and purchase orders from Paul Peterson Company to Peterson Highway Safety Inc. and to declare an emergency.
Body
WHEREAS, the Finance and Management Department, Purchasing Office has an option contract and open purchase orders for Traffic Control Devices for use by the Department of Public Service; and,
WHEREAS, Paul Peterson Company has divided the company into services (Paul Peterson Company) and products (Peterson Highway Safety Inc.) and in addition to notifying the City, Peterson Highway Safety Inc. has agreed to honor the past, present and future contracts and agreements; and,
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management to ensure the current contract, Traffic Contro...
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