Action 13.
Regular Board of Supervisors Meeting
Information Technologies
- Meeting Date:
- 08/25/2015
- Title:
- Approve the Renewal of Two Year Capitol Lease Purchase Agreement
- Submitted By:
- Terry Hudson, Procurement
- Department:
- Procurement
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
Terry Hudson
TITLE
of PRESENTER:
of PRESENTER:
Procurement Director
Mandated Function?:
Not Mandated
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Docket Number (If applicable):
Information
Agenda Item Text:
Approve the renewal of the Two Year Capitol Lease Purchase Agreement with Bank of America Public Capital Corporation to upgrade the IP Microwave System for the Information Technologies Department in the amount of $2,585,488.32.
Background:
The original agreement was approved by the Board of Supervisors on November 18, 2014. This upgrade will improve the County’s current out dated communication system and bring it up to current performance standards. Bank of America is offering an interest rate of 1.38% for this renewal period. The County has the option to pay off the obligation in eighteen months with no additional fees or penalties. Bank of America was selected for a second term based on a seamless agreement turnaround time, invoice processing of the schedule of property, and flexibility in equipment substitutions.
Department's Next Steps (if approved):
Execute contracts, process purchase orders and monitor contract performance.
Impact of NOT Approving/Alternatives:
The impact of not upgrading the current system would result in having to maintain the current out dated system that cannot currently handle the County’s data and communication needs.
To BOS Staff: Document Disposition/Follow-Up:
No action required.
Fiscal Impact
- Fiscal Year:
- One-time Fixed Costs? ($$$):
- Ongoing Costs? ($$$):
- County Match Required? ($$$):
- A-87 Overhead Amt? (Co. Cost Allocation $$$):
- Source of Funding?:
Fiscal Impact & Funding Sources (if known):
The Information Technologies Department has budgeted for this expenditure in the FY 2015-16 annual work plan.