Explanation
1. BACKGROUND: The Purchasing Office has established a Universal Term Contract for low, medium and high voltage power cable and electrical wire with the company listed below. The Division of Power & Water would like to establish a Blanket Purchase Order, based on this contract, in the amount of $889,900.65. These items are needed to construct new electricity infrastructure and capital system improvement project upgrades to the existing electricity infrastructure throughout the City's power distribution area.
Vendor UTC # C.C. No. Expires MBE/FBE
CED FL003534 77-0559191 3/31/09 Majority
2. FISCAL IMPACT: This legislation includes a transfer of funds from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund as a temporary measure until such time as the proceeds from a bond sale can be made available. An amendment to the 2008 Capital Improvement Budget is also necessary.
Emergency Designation: It is requested that this Ordinance be handled in an emergency manner to allow for sufficient lead time for ordering and receiving materials necessary for various infrastructure projects. With volatility in the commodity markets, lead time for obtaining copper and other metals used in power cable and wire has nearly tripled. It is necessary, therefore to expedite the purchase of these materials to meet deadlines for multiple capital improvement projects and infrastructure needs.
Title
To authorize the Finance and Management Director to establish a Blanket Purchase Order with Consolidated Electrical Distributors, Inc. (CED) for the purchase of low, medium and high voltage power cable and wire; to authorize the transfer of $482,170.84 within the Voted Street Lighting and Electricity Distribution Improvement Fund; to authorize the transfer of $262,319.13 from the Electricity Reserve Fund to the Voted Street Lighting and Electricity Distribution Improvement Fund;...
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