Explanation
That the Finance and Management Director is hereby authorized to associate all General Budget Reservations resulting from this ordinance with Universal Term Contract / Purchase Agreement No. PA003465 (expires 4/30/20) for Distribution Transformers with Wesco Distribution, Inc.
These transformers will be used on the Division of Power’s electrical distribution system to serve new customers as well as replace existing transformers that are at their end of life.
Purchase Orders with Wesco Distribution, Inc. will be established in the amount of $1,100,000.00, based on Universal Term Contract / Purchasing Agreement No. PA003465 under Ordinance No. 2282-2018.
SUPPLIER: 25-1723345 expires 7/25/20, MAJ, DAX No. 1977.
Searches in the Excluded Party List System (Federal) and the Findings for Recovery list (State) produced no findings against Wesco Distribution, Inc.
FISCAL IMPACT: A transfer of funds within the Electricity G.O. Bond Fund will be necessary as well as an amendment to the 2018 Capital Improvements Budget.
Funds in the amount of $600,000.00 are budgeted and available within the Electricity Operating Fund for a portion of this purchase.
Title
To authorize the Director of Finance and Management to associate all General Budget reservations resulting from this Ordinance with Universal Term Contract / Purchase Agreement with Wesco Distribution, Inc. for the purchase of Distribution Transformers for the Division of Power; to authorize the expenditure of $600,000.00 from the Electricity Operating Fund; to authorize a transfer and expenditure up to $500,000.00 within the Electricity General Obligations Bond Fund; and to authorize an amendment to the 2018 Capital Improvements Budget. ($1,100,000.00)
Body
WHEREAS, the Purchasing Office established Universal Term Contract / Purchase Agreement No. PA003465 (expires 4/30/20) with Wesco Distribution, Inc., for Distribution Transformers; and
WHEREAS, these transformers will...
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