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 Single Space Parking Meters and related components for the Division of Mobility Options.
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 over the five-year contract period and are subject to the availability of funding and the approval of City Council. The Division of Mobility Options is currently proposing to purchase approximately 5,000 parking meters over the contract period.
Parking meters purchased through this contract modification are, in part, for the High Street parking initiative included in the Downtown Action Plan. This is in addition to the Division's original plan of purchasing approximately 5,000 parking meters over the contract period.
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 this, the 4th modification to this contract, is $73,500.00.
The total amount of the contract, including this modification is $2,229,465.00.
This ordinance seeks authority to expend $73,500.00 for the Division of Mobility Options, in the Department of Public Service. This expenditure will allow for the purchase of approximately 150 meter mechanisms and related components.
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