https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3776424&GUID=4581ABC3-8016-4B18-A31C-1EADB6EB2CCBLegistar15https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3776424&GUID=4581ABC3-8016-4B18-A31C-1EADB6EB2CCB4581ABC3-8016-4B18-A31C-1EADB6EB2CCB-2019-01-22-23-26-08Title: Recommendation to authorize City Manager, or designee, to execute the necessary documents to amend Contract No. 34242 with Plenary Properties Long Beach, LLC, of Los Angeles, CA, for critical technology needs infrastructure, in an amount not to exceed $4,300,000; Authorize City Manager, or designee, to execute multiple lease-purchase agreements, in a total principal amount of up to $1,600,000, and authorize related financing documents with Banc of America Public Capital Corporation, of San Francisco, CA, for the financing of critical technology needs infrastructure, in an aggregate amount not to exceed $1,975,000 including principal, interest, and escrow fees, payable over a term not to exceed ten years; Increase appropriations in the General Services Fund (IS 385) in the Technology and Innovation Department (TI) by $3,300,000, offset by lease-purchase financing and funds available; and Increase appropriations in the Special Advertising and Promotion Fund (SR 133) in the Technology and Innovation Department (TI) by $1,000,000, offset by funds available. (Citywide)Tue, 22 Jan 2019 23:26:08 GMT