TITLE
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 Civic Center technology infrastructure, in an amount not to exceed $7,050,000;
Authorize City Manager, or designee, to execute multiple lease-purchase agreements, and related financing documents, with Banc of America Public Capital Corporation, of Scottsdale, AZ, for the financing of Civic Center technology infrastructure, in an aggregate amount not to exceed $8,476,000 including principal, interest, and escrow fees, payable over a term not to exceed 15 years; and
Increase appropriations in the General Services Fund (IS 385) in the Technology and Innovation Department (TI) by $454,000, offset by charges to user departments and funds. (Citywide)
DISCUSSION
City Council approval is requested to amend Contract No. 34242 with Plenary Properties Long Beach, LLC (Plenary), of Los Angeles, CA, in an amount not to exceed $7,050,000, for the purchase and installation of Civic Center technology infrastructure, including the City’s data center, cellular communications, cameras, broadcast systems, and audio/video equipment. This Civic Center technology infrastructure need was included in the equipment category of the critical technology infrastructure needs presentation to City Council on December 5, 2017.
On December 9, 2014, the City Council selected Plenary to construct, operate, and maintain the new Civic Center. Therefore, Plenary is in the best position to purchase and install this technology infrastructure. The design and equipment costs were extensively evaluated by a team of construction, engineering, design, and technology consultants to ensure the solutions were consistent with the Civic Center design and were competitively priced.
City Council approval is also requested to execute lease-purchase agreements with terms not to exceed 15 years through the City’s Master L...
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