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 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 has exceeded its designed service life, and to allow for expansion of the meter program. This modification provides for the management services provided by IPS Group, Inc. 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 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
The amount of this modification number 2 is $385,000.00
The Total amount of the contract, including this modification is $1,655,965.00
This ordinance seeks authority to expend $385,000.00 for the Division of Mobility Options, in the Department of Public Service. This expenditure will allow for extended warranty costs and services provided by IPS for the City's parking meter program.
An additional ordinance will follow this ordinance modifying the contract for the planned purchase of additional parking meters and components.
Searches in the Excluded Party List System (Federal) and the Findings for Recovery list (State) produced no findings against IPS Group, Inc.
2. PLANNED CONTRACT MODIFICATION
This is a planned modification of the contract with IPS Group, Inc. to fund management services provided by this vendor for the City's parking meter program.
3. CONTRACT COMPLIANCE
IPS Group, Inc. contract compliance number is 233028164 and it expires 5/27/2012.
4. EMERGENCY DESIGNATIO...
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