| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 12/12/2016
Department: Risk Management
Department Head: Shanté Akafia
Agenda Coordinator: Vernie Rambo |
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CAPTION
RFP No. 2016-0346-C for a one (1) year contract with five (5) one-year City optional renewals for a Third Party Claims Administrator for Risk Management to Alternative Services Concepts, LLC in the total estimated amount of $2,251,006; 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:
2016-17 thru 2021-22
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Prior Year
(CIP Only) |
Current
Year
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Future
Years
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TOTALS |
| Budget |
0 |
600,000 |
1,903,006 |
2,503,006 |
| Encumbered/Expended Amount |
0 |
-636,290 |
0 |
-636,290 |
| This Item |
0 |
-348,000 |
-1,903,006 |
-2,251,006 |
| Balance |
0 |
-384,290 |
0 |
-384,290 |
FUND(S): Risk Management
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COMMENTS: This item approves price quotes. Expenditures will be made in the Risk Management 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 $348,000. The estimated future amount is $1,903,006, which will be made within approved budget appropriations. The additional funds of $384,290 needed for this contract are available in other Risk Management Contracts and Professional Services Funds. |
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SUMMARY OF ITEM
See Recommendation Memo.
Strategic Plan Goal:
Financially Strong City with Service Excellence
Plano Tomorrow Plan Pillar:
Economic Environment |
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