Price Agreement for OEM preventative maintenance, repairs, parts and equipment rental service, on heavy duty equipment from Holt Cat through a national interlocal agreement with BuyBoard at an estimated annual cost of $400,000.00. This agreement will be for one year with the option to renew for two additional one-year periods totaling $1,200,000.00 if all extensions are exercised. Authorize the City Manager to execute the renewal options so long as sufficient funding is appropriated by the City Council to satisfy the City's obligation during the renewal terms.

What this record is

Amount

$1.20M

Runs until

no end date published in this record

Type

amendment

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

Committee

Purchasing

Requested by

Venona McGee

Introduced

October 21, 2020

On agenda

November 3, 2020

Passed

November 3, 2020