Price agreement for reinforced concrete pipe with Forterra Pipe & Precast, at an estimated annual cost of $60,000, for one year with the option to renew for four additional one year periods totaling $300,000 if all extensions are exercised, and authorize the City Manager to execute the renewal options with aggregate price fluctuation of the lessor 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

Forterra Pipe & Precast

Amount

$300K

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

October 23, 2019

On agenda

November 5, 2019

Passed

November 5, 2019