| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 10/14/2019
Department: Public Works-CIP Construction
Department Head: Gerald Cosgrove
Agenda Coordinator: Nancy Corwin x7137 |
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CAPTION
To approve the purchase of Traffic Signal and Miscellaneous Traffic Construction for an initial term ending September 17, 2020 and three (3) City optional one-year renewals for the Public Works Department, in the estimated annual amount of $675,000 from Bean Electrical Inc. and from Durable Specialties, Inc. through an existing contract; and authorizing the City Manager to execute all necessary documents. (City of McKinney Contract No. 18-48FP) Approved |
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FINANCIAL SUMMARY CIP
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FISCAL YEAR:
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2019-20 thru 2022-23
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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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252,799
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747,201
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2,025,000
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3,025,000
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Encumbered/Expended Amount
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-252,799
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-9,298
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0
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-262,097
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This Item
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0
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-675,000
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-2,025,000
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-2,700,000
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BALANCE
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0
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62,903
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0
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62,903
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FUND(S): Capital Maintenance Fund
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COMMENTS: Funding for this item is available in the 2019-20 Capital Maintenance Fund Budget and is planned for future years. Traffic signal equipment and construction, in the estimated annual amount of $675,000 for the intital term of the contract with three-optional one-year renewals, will leave a current year balance of $62,903 available for other traffic signal related expenditures. Future year expenditures will occur within City Council approved appropriations. |
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SUMMARY OF ITEM
See Recommendation Memo.
The City is authorized to purchase from a cooperative purchasing program with another local government or a local cooperative organization pursuant to Chapter 271 Subchapter F of the Texas Local Government Code and by doing so satisfies any State Law requiring local governments to seek competitive bids for items. (The City of McKinney Contract 18-48FP and City of Plano Internal Contract Number 2019-0596-I)
Strategic Plan Goal:
Financially Strong City with Service Excellence, Safe Large City, Partnering for Community Benefit
Plano Tomorrow Plan Pillar:
Built Environment, Economic Environment |
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