Explanation
This legislation authorizes the Finance and Management Director to extend the existing Service Agreement for the Real Estate Management Office with Lease Harbor LLC, under the same terms and conditions, for the final one (1) year renewal term for the provision of web-based database management software, support, and related services for the administration of the City's real property and lease portfolio.
Ordinance No. 1756-2008, passed by City Council on November 25, 2008 authorized the Director of Finance and Management to enter into Amendment #1 of a Service Agreement that provided for two (2) additional one (1) year terms, under the same rates, terms, and conditions as the Amendment Term. The amount of this final one (1) year renewal of the Service Agreement is $23,000.00 for the term December 15, 2010 through December 14, 2011. The total amount for this contract including this renewal is $69,000.00.
Lease Harbor LLC has Contract Compliance #36-4352999 with an expiration date of 10/16/2011.
Fiscal Impact: Funds were budgeted and are available within the Finance and Management 2010 General Fund Budget.
Title
To authorize the Finance and Management Director to extend the existing Service Agreement with Lease Harbor LLC, under the same terms and conditions for the final one (1) year renewal term, for the provision of web-based database management software, support, and related services for the administration of the City's real property and lease portfolio; and to authorize the expenditure of $23,000.00 from the General Fund. ($23,000)
Body
WHEREAS, the Finance and Management Director wishes to extend the existing Service Agreement with Lease Harbor LLC as authorized by Ordinance 1756-2008, for the provision of web-based database management software, support, and related services for the administration of the City's real property and lease portfolio for the final one (1) year renewal term beginning December 15, 2010;...
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