SUBJECT
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Ratifying service lease program contract with sole source provider IPS Group, Inc., San Diego, CA, for five (5) years as stated on the Agreement to Purchase Parking Technology and Related Services of the Terms and Conditions. This service agreement has an initial term of five (5) years with the option to renew five (5) additional one (1) year increments, for a total of ten (10) years. The initial term of the lease program contract runs from November 15, 2023 through November 14, 2028 for an annual amount not to exceed $75,000.00 and for a total contract value of $750,000.00, contingent on continued appropriations in future fiscal years. This contract is for the purchase of parking technology and related services for parking meter operations. Funding shall be available in the Parking Enforcement Division Budget.
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PREVIOUS COUNCIL ACTION
On January 22, 2024, City Council authorized to enter and execute contract agreement.
BACKGROUND
This contract is for single space meter purchases, vehicle detection sensors, monthly wireless data fess for meters and sensor, software license, meter parts credit card and Park Smarter mobile payment fees, replacement parts and meter repair services. These meters and services are part of daily parking meter operations. Contract is for five (5) years and has the option to renew for five (5) additional one (1) year increments for a total of ten years, contingent on continued appropriations in future fiscal years.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
It is recommended this contract agreement be approved.
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Fiscal Impact
Fiscal Year: 24-25
Budgeted Y/N?: Y
Source of Funds: Parking Enforcement Division
Account #: 251-2265-513-5588
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the Parking Enforcement Division account # 251-2265-513-5588