Contract Renewal
Consideration to renew annual supply contract FY23-028 with Pathmark Traffic Equipment, LLC., San Marcos, Texas from in an amount up to $70,000.00 for the purchase of speed hump signs and marking for the Traffic Safety Department. All speed hump signs and marking will be secured on an as needed basis. The term of this contract shall be for a period of one (1) year beginning as of the date of its execution and is contingent upon the availability of appropriated funds. There was no price increase during the last extension period. This contract can be renewed two (2) additional one (1) year extension periods, upon mutual agreement of the parties. Funding is available in the General Fund - Traffic Safety Department.
PREVIOUS COUNCIL ACTION
Approved a one-year contract on 2/6/23.
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. This is the first of three extension periods. The term of this contract shall be for a period of one (1) year beginning as of the date of its execution. This contract shall be the responsibility of and administered by the vendor and the City of Laredo Traffic Safety Department.
Current pricing summary is attached.
STAFF RECOMMENDATION
It is recommended that this contract be renewed.
Fiscal Impact
Fiscal Year: 2024.
Budgeted Y/N? Yes.
Source of Funds: General Fund - Traffic Safety Department.
Account #: 101-2623-522-3046.
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 i...
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