Explanation
BACKGROUND: This legislation is to change the contracts and purchase orders currently in process and established with Advantage Sign Supply Inc to Grimco Inc who has purchased Advantage Sign Supply Inc. This ordinance authorizes the assignment of all past, present and future business done by the City of Columbus from Advantage Sign Supply Inc, FID 38-2917739 to Grimco Inc, FID 43-0955083.
1. Amount of additional funds: No additional funds are necessary to modify the option contracts.
2. Reason additional needs were not foreseen: The current supplier underwent a FID # change.
3. Reason other procurement processes not used: The same exact product is required as originally bid. No lower pricing/more attractive terms and conditions are anticipated through rebidding at this time.
4. How cost was determined: Terms and conditions are in accordance with the original agreement.
FISCAL IMPACT: No additional monies are required to modify the option contracts. Each agency must set aside their own funding for their estimated expenditures.
In order to maintain an uninterrupted supply of service to City agencies using open Purchase Orders, this ordinance is being submitted as an emergency.
Title
To authorize the Finance and Management Director to modify past, present and future contracts and purchase orders with Advantage Sign Supply, Inc. to change the name to Grimco, Inc.; and to declare an emergency.
Body
WHEREAS, the Finance/Purchasing Office has an open purchase order for Vehicle Decals as used by the City of Columbus Fleet Management; and
WHEREAS, Advantage Sign Supply, Inc. has been purchased by Grimco, Inc. and in addition to notifying the City, Grimco, Inc. has agreed to honor the past, present and future contracts and agreements, and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management, Purchasing Office in that it is immediately necessary to modify all contracts and purchase orders estab...
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