Price agreement for traffic signal heads from Consolidated Traffic, Inc. (up to $77,926 annually) for one year with the option to renew for four additional one year periods totaling $389,630 if all extensions are exercised; and authorize 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 long 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

Consolidated Traffic, Inc

Amount

$390K

Runs until

no end date published in this record

Type

amendment

Field

Construction

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

Committee

Public Works

Introduced

April 4, 2019

On agenda

April 16, 2019

Passed

April 16, 2019