SUBJECT
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Consideration to renew supply contract FY23-074 with Laredo Paint & Decorating, Laredo, Texas for the purchase of paint and painting supplies needed on an annual basis for maintenance of all city parks in an annual amount of $60,000.00. This is the first of three extension periods. There was a (3%) three percentage price increase on paint. All paint supplies pricing remains the same. The term of this contract shall be for a (1) one-year term with the option to renew (3) three additional, (1) one-year periods upon mutual agreement of both parties. This is extension I of III. Funding available in the General Fund-Parks Department Budget.
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PREVIOUS COUNCIL ACTION
Approved a one-year contract on 9/5/23.
BACKGROUND
This contract establishes pricing for various paint and paint related products needed for the maintenance of all the city's parks by Parks and Recreation Department. 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 three (3) additional, one (1) year periods upon mutual agreement of both parties. There was a (3%) three percentage price increase on paint. All paint supplies pricing remains the same This contract shall be the responsibility of and administered by the City of Laredo Parks & Recreation Department.
COMMITTEE RECOMMENDATION
None
STAFF RECOMMENDATION
recommendation
It is recommended that this contract be approved.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Yes
Source of Funds: Click or tap here to enter text.
Account #: 101-3115-552-3010
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
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