SUBJECT
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Consideration to renew contract FY22-035 with Arguindegui Oil Co. II Ltd. in the annual amount of $1,365,399.04 for the purchase of gasoline and diesel fuels for El Metro Operations. The term of this contract shall be for a period of (1) year beginning as of the date of its execution and is contingent upon the availability of appropriated funds. This is the last extension period. Funding is available in El Metro Operations Fund.
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PREVIOUS COUNCIL ACTION
The first (1) one-year extension was approved by the Laredo Mass Transit Board on February 18, 2025 in the amount of $1,365,399.04. The original FY22-035 Arguindegui Oil Co. II Ltd. contract was approved on February 22, 2022.
BACKGROUND
This is the second and last of two (2) additional (1) one-year extension. Arguindegui Oil Co. II Ltd. has been the lowest bidder and has previously awarded contract number FY17-021 and has proven excellent service tract record.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends approval of this item in order to continue bus operations without interruptions.
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Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: Y
Source of Funds: El Metro Operations
Account #: 558 Various Accounts
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Funding is available as follow:
558-5811-582-6620 Diesel - Fixed-Route
558-5811-582-6630 Unleaded - Fixed-Route
558-5812-582-6620 Diesel - Paratransit
558-5812-582-6630 Unleaded - Paratransit