| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 10/25/2016
Department: Purchasing
Department Head: Diane Palmer-Boeck
Agenda Coordinator: Sharron Mason |
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CAPTION
Bid No. 2016-0469-C for a one (1) year contract with five (5) one-year City optional renewals for Traffic Signal Cabinets for Inventory Control & Asset Disposal to Paradigm Traffic Systems, Inc., in the estimated annual amount of $378,235 for the first year, and subsequent renewals in the estimated annual amount of $103,155; and authorizing the City Manager to execute all necessary documents. APPROVED |
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FINANCIAL SUMMARY Operating Expense
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FISCAL YEAR:
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2016-17 thru 2021-22
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Prior Year
(CIP Only)
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Current
Year
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Future
Years
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TOTALS
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Budget
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0
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1,112,563
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515,775
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1,628,338
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Encumbered/Expended Amount
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0
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0
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0
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0
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This Item
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0
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-378,235
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-515,775
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-894,010
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BALANCE
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0
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734,328
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0
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734,328
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FUND(S): WAREHOUSE
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COMMENTS: This item approves price quotes. Expenditures will be made in the Inventory Stock Department based on need within the approved budget appropriations for each year of the contract. The estimated amount to be spent in FY 2016-17 is $378,235. The estimated future amount is $515,775, which will be made within approved budget appropriations. Remaining balance will be used for other Inventory purchases.
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SUMMARY OF ITEM
See Recommendation Memo
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
Built Environment |
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