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 meter mechanisms and components provided by IPS Group, Inc. for this contract with 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 funding for the purchase of additional meters and components ($50,000) as established under the contract.
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 the 5th modification was $529,000.00, authorized by ordinance 0934-2013(EL014228).
The amount of the 6th modification was $935,000.00, authorized by ordinance 1738-2013(EL014727).
The amount of the 7th modification was $1,178,200.00, authorized by ordinance 0829-2014 (EA012012/ EL016066).
The amount of the 8th modification was $40,000.00, authorized by ordinance 1270-2014 (EL016067).
The amount of the 9th modification will be $50,000.00.
The total amount of the contract, including this modification, is $4,961,665.00
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