SUBJECT
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Consideration to renew and amend contract FY24-001 by 3% with Rochester Armored Car Co. Inc, Omaha, Nebraska, in the annual amount of $133,586.88 for a contract value of $801,521.28 for six (6) years. This contract provides bank courier services for various City of Laredo departments. The term of this contract was for a period of two years with option to renew three additional two year periods upon mutual agreement of parties and upon availability of funds. This is the first of three extension periods. Funding is available in the respective departmental budgets.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating:
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PREVIOUS COUNCIL ACTION
City council approved 2 year contract on December 4, 2023.
BACKGROUND
The city when out on formal solicitations thru Cit-E-Bid and received one sole bidder, Rochester Armored Car, Laredo, Texas. Staff recommended that is contract be approved to sole bidder. The term of this contract was for a period of two years with option to renew three additional two year periods upon mutual agreement of parties and upon availability of funds.
Price Summary:
ROCHESTER ARMORED CAR CO
DEPARTMENT PREVIOUS AMOUNT NEW RATE PER MONTH 3% INCREASE
BRIDGE 1 $1,428.17 $1,471.02
BRIDGE 2 $1,428.17 $1,471.02
COLOMBIA BRIDGE $1,211.67 $1,248.02
WORLD TRADE BRIDGE $1,211.67 $1,248.02
TRANSIT SYSTEM $536.63 $552.73
FASKEN COMMUNITY CTR $536.63 $552.73
SOLID WASTE $698.66 $719.62
HAYNES RECREATION $536.63 $552.73
EL EDEN RECREATION $536.63 $552.73
MUNICIPAL COURT $536.63 $552.73
HEALTH DEPARTMENT $536.63 $552.73
CITY HALL ANNEX $536.63 $552.73
CITY HALL DOWNTOWN $268.31 $276.36
CITY HALL FINANCE $268.31 $276.36
PARKING DIVISION $536.63 $552.73
Total: $10,808.00 $11,132.24
x 12 months $133,586.88
Total x 2 years $267,173.76
COMMITTEE RECOMMENDATION
None
STAFF RECOMMENDATION
recommendation
It is recommended that this renewal contract be approved.
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Fiscal Impact
Fiscal Year: 2025-2026
Budgeted Y/N?: Yes
Source of Funds:
Account #:
Change Order: Exceeds 25% Y/N:
FINANCIAL IMPACT:
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