SUBJECT/RECOMMENDATION:
Title
Approve a Blanket Purchase Order (BPO) with Neptune Technology Group of Tallassee, AL, in the annual amount of $350,000.00 with the option for two, one-year term extensions for the purchase of Neptune Water Meters and Original Equipment Manufacturer (OEM) replacement parts effective November 1, 2016, and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
Neptune Water Meters are purchased in compliance with the Hillsborough County Term Contract, Agreement 215208514. The Hillsborough County Term Contract is effective May 1, 2015 through April 30, 2018.
The Blanket Purchase Order annual amount of $350,000.00 with the option for two, one-year term extensions will end on April 30, 2018 unless Hillsborough County continues their contract with Neptune Technologies.
In order to maintain the Neptune water meters, Public Utilities also purchases Original Equipment Manufacturer replacement parts. In accordance with City Code Section 2.564 (1)(b), Exceptions to Bidding, Neptune Technologies has been determined a sole source vendor for Neptune Water Meter replacement parts.
APPROPRIATION CODE AND AMOUNT:
0421-02051-550400-533-000-0000 $ 320,000.00 FY 16/17
0421-02051-550400-533-000-0000 $ 30,000.00 FY 17/18
Sufficient funding is available in the Water & Sewer Utility Fund operating cost center 0421-02051, Water Operations, in the amount of $320,000.00, to fund the current fiscal year’s cost of the contract. The funding for the remaining balance of $30,000.00 will be included in the Water and Sewer recommended operating budget from the director.
USE OF RESERVE FUNDS: N/A