Authorize the third renewal of the city's secondary price agreement for fiber restoration services with STC Utility Services, Inc. ($482,920 annually) for one year with the option to renew for two additional one year periods totaling $2,414,600, if all extensions are exercised and 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

STC Utility Services, Inc

Amount

$2.41M

Runs until

no end date published in this record

Type

amendment

Field

Technology

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

Committee

Purchasing

Introduced

March 26, 2020

On agenda

July 1, 2020