Explanation
1. BACKGROUND:
This ordinance authorizes the Director of Public Service to modify a purchase contract with IPS Group, Inc. by increasing the amount authorized for expenditure for services provided by IPS Group, Inc. for this contract for the Department of Public Service.
This contract was authorized by ordinance 1041-2010 and provides the City with the ability to replace its entire inventory of over 4,000 parking meters, which have exceeded their designed service life, and to allow for expansion of the meter program. The contract terms include fixed costs for the parking meters and related services over the five-year contract period and are subject to the availability of funding and the approval of City Council.
This planned contract modification will provide for the annual meter management system charges for 2013, as established under the contract. The source of funding for these operating funds is the Parking Meter Program Fund (Fund 268). The Department anticipates going to council in the 3rd quarter of 2013 for a planned contract modification to purchase additional replacement parking meters with funds approved for such in the 2013 Cpital Improvement Budget.
The original amount of this contract authorized in ordinance 1041-2010 was $749,965.00 (EL010977).
The amount of the 1st modification was $521,000.00, authorized by ordinance 0360-2011 (EL011657).
The amount of the 2nd modification was $385,000.00, authorized by ordinance 0710-2012 (EL012678).
The amount of the 3rd modification was $500,000.00, authorized by ordinance 0775-2012 (EL012734).
The amount of the 4th modification was $73,500.00, authorized by ordinance 2022-2012 (EL013622)
The amount of this 5th modification will be $529,000.00.
The total amount of the contract, including this modification is $2,758,465.00
This ordinance seeks authority to expend $529,000.00. for the Division of Mobility Options, in the Department of Public Service.
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