Contract Renewal
Consideration to renew annual supply contract FY23-028 with Pathmark Traffic Equipment, LLC, San Marcos, Texas in an annual amount of $70,000.00 and for the total contract value of $280,000.00. The initial term of this contract was for a period of one year with the option to renew for three additional one-year periods, upon mutual agreement of the parties and availability of appropriated funds. This is the second of three extension periods. Funding is available in the General Fund - Traffic Safety Department.
PREVIOUS COUNCIL ACTION
Approved a one-year contract on February 6, 2023.
Approved the first extension period on February 20, 2024.
BACKGROUND
This contract establishes pricing for the purchase of speed hump signs and markings for the Traffic Safety Department. There was no price increase during the last extension period. The term of this contract shall be for a period one year with the option to renew for an additional one-year period, upon mutual agreement of both parties and availability of appropriated funds. This is the second extension period.
Current pricing summary is attached.
STAFF RECOMMENDATION
N/A
Fiscal Impact
Fiscal Year: 2025.
Budgeted Y/N? Yes.
Source of Funds: General Fund - Traffic Safety Division.
Account #: 101-2263-512-3014
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 purchase can be made.