Price agreement for fiber restoration services with Gardner Telecommunications ($372,008 annually) and secondary to STS Utility Services, Inc. for one year with the option to renew for four additional one year periods totaling $1,860,040 if all extensions are exercised and authorize the City Manager to execute the renewal options with aggregate price fluctuations of the lesser of up to $50,000 or 25% of the original maximum price so longa as sufficient funding is appropriated by the City Council to satisfy the City's obligation during the renewal term(s)

What this record is

Held by

STS Utility Services, Inc

Amount

$1.86M

Runs until

no end date published in this record

Type

amendment

Field

Technology

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Public Works

Introduced

March 22, 2018

On agenda

April 3, 2018

Passed

April 3, 2018