SUBJECT
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Consideration to renew supply contract number FY23-053 with Midas Contractors, Laredo, Texas in the amount of up to $80,000.00 for the purchase of fencing materials for the Parks & Recreation Department. This fencing material shall be purchased on an as needed basis by the Parks and Recreation Department for various city parks. The term of this contract shall be for a period of one year beginning as of the date of its execution. There was no price increase during the last extension period. This contract can be renewed for two additional one-year extension periods, upon mutual agreement of the parties. Funding is available in the General Fund-Parks Department.
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PREVIOUS COUNCIL ACTION
Approved a one-year contract 6/5/23.
BACKGROUND
This contract establishes pricing for the purchase of fencing materials for various city parks. There was no price increase during the last extension period. The term of this contract shall be for a period of one (1) year beginning as of the date of its execution. The contract may be extended for two, additional one (1) year periods. This contract shall be the responsibility of and administered by the vendor and the City of Laredo Parks & Recreation Department.
Current Pricing:
Description Midas Contractors
Section I: Cost per linear footage $ 18.00
Section III: Cost Plus Mark-Up 15%
A complete bid tabulation is attached.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
It is recommended that this contract be renewed.
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Fiscal Impact
Fiscal Year: 2024.
Budgeted Y/N?: Yes.
Source of Funds: General Fund.
Account #: 101-3115-555-9301.
Change Order: Exceeds 25% Y/N: No.
FINANCIAL IMPACT:
The purpose of this contract is to establish prices for the commodities or services needed should the City need to purchase these commodities or services. The City's obligation for performance of an annual supply contract beyond the current fiscal year is contingent upon the availability of appropriated funds from which payments for the contract purchases can be made. If no funds are appropriated and budgeted during the next fiscal year, this contract becomes null and void.