| | | | | | | | ![](https://plano.novusagenda.com/AgendaWeb/ImageLibrary.ashx?path=ROOT%2fImageLibrary%2fCity+of+Plano+Logo.jpg) | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 10/8/2018
Department: Purchasing
Department Head: Diane Palmer-Boeck
Agenda Coordinator: Sharron Mason |
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CAPTION RFB No. 2018-0399-C for a one (1) year contract with three (3) City optional one-year renewals for Traffic Signal Head Assemblies for Inventory Control & Asset Disposal to Peek Traffic Corporation in an estimated annual amount of $47,800; General Traffic Equipment Corp. in an estimated annual amount of $6,320; and to Traffic Parts, Inc. in an estimated annual amount of $2,320 for a total estimated annual amount of $56,440; 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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2018-19 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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1,108,935
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169,320
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1,278,255
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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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-56,440
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-169,320
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-225,760
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BALANCE
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0
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1,052,495
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0
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1,052,495
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FUND(S): Warehouse
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| | | | | | | | COMMENTS: This item approves price quotes. The Inventory Stock Department estimates $56,440 for expenditures in the 2018-19 Budget, which will leave a remaining balance of $1,052,495 for future inventory purchases. Future year expenditures are dependent on contract renewals in the annual estimated amount of $56,440 for 2019-20 through 2021-22 Budgets. All future year expenditures will occur within council approved appropriations. |
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SUMMARY OF ITEM
See Recommendation Memo.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Safe Large City
Plano Tomorrow Plan Pillar:
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