Price Agreement for Traffic Signals/Fiber Optic Ground Boxes with Dynamic Vision Company, Inc., at an estimated annual cost of $41,639. This agreement will be for one year with the option to renew for four additional one year periods totaling $208,195 if all extensions are exercised. Also 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 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

Dynamic Vision Company, Inc

Amount

$208K

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

December 26, 2019

On agenda

January 7, 2020

Passed

January 7, 2020