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			(7)(h)
CITY COMMISSION REGULAR MTG
Meeting Date: 01/03/2024   Approval of a Resolution authorizing the purchase of furniture for the Business Incubator/Accelerator Submitted For: Jon Branson Submitted By: Jon Branson, Management Services Department: Management Services
Information
ACTION REQUEST
Consider approval of a quote from The Luck Company in the amount of $91,269.12.
BACKGROUND (Brief Summary)
In accordance with the Economic Development Corporation's five-year Strategic Plan, "Pathways to Prosperity", the Economic Development corporation directed staff to establish a Business incubator/Business Accelerator on 6th Street and purchase the property during fiscal year 2023.  Since the purchase of the building and property in June 2023, staff has investigated various furniture and fixture options for the building.  Utilizing the OFS Omnia Contract # R191813, a State Purchasing Contract to satisfy competitive bidding requirements, staff secured a quote from the Luck Company to provide furniture for the Incubator/Accelerator in the amount of $91,269.12.  A total of $300,000 is budgeted in the current budget in the Economic Development Corporations budget (Fund 801) for building improvements and furniture/fixtures.  The proposed quote is within the amount of funds budgeted for the project.   The Economic Development Corporation approved the purchase of the furniture from The Luck Company at their December 6, 2023, Board meeting.  This item is being brought before the City Commission since the total quote is over $50,000.
RECOMMENDATION
Staff recommends approval of a quote from the Luck Company for furniture at the 6th Street Business Incubator/Accelerator in the amount of $91,269.12.
Fiscal Impact
Attachments The Luck Company Quote Resolution

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