TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Erick Lee, Public Works Director
Onyx Jones, Interim Finance Director
Libby Bretthauer, Financial Services Manager
Nicky Petroff, Senior Management Analyst
SUBJECT:Title
Consideration of a Resolution Extending the Agreement with IPS Group, Inc. for Parking Meter Repair Services and Transaction Merchant Processing Services (Budgeted) (Public Works Director Lee).
ADOPT RESOLUTION NO. 25-0025
Body
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RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 25-0025:
1. Authorizing the City Manager to execute a letter extending the agreement with IPS Group, Inc. for parking meter repair services and transaction merchant processing services for one additional year;
2. Authorizing the City Manager and/or his or her designee to extend the agreement for additional one-year terms.
FISCAL IMPLICATIONS:
Sufficient funds for these services are currently budgeted within the Parking Fund Public Works Department budget.
BACKGROUND:
The City maintains and operates 1,275 single-space meters and 12 pay stations at on-street and off-street parking facilities in designated spaces in City, State, and County-owned lots.
In 2019, the City entered into a contract with IPS Group, Inc. (IPS) for parking meter repair services and transaction merchant processing services. Under this agreement, the vendor provided parking meter equipment, software integration, and transaction processing services to allow the City to collect parking revenue. The vendor also provides equipment maintenance, applicable warranties, and parking meter transaction merchant processing services, which are necessary for the ongoing operation of this program.
DISCUSSION:
The initial agreement was for a five-year term starting in 2019 and ending in November 2024. According to the agreement, the City has the right to extend the agreement...
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