Authorize the City Manager to enter Assignment and Assumption Agreements for the city's Price Agreements for Traffic Signal Parts and Traffic Signal Cabinets from TrafficWare Group, Inc. to Cubic ITS, Inc. The Traffic Signal Parts agreement is for $37,109 annually for one final year; the Traffic Signal Cabinets agreement is for $146,925 annually for one year initially with the option to renew for four additional one-year periods totaling $735,625 if all renewal options are exercised; and authorize the City Manager to execute any additional renewal options with aggregate price fluctuations up to $50,000 or 25% of the original contract value so long as sufficient funding is appropriated by the City Council to satisfy the City's obligation during the renewal term(s)

Agenda Item Consent Agenda Introduced February 19, 2020

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