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 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)
DISCUSSION
On March 20, 2018, the City Council authorized an amendment to Contract No. 34242 with Plenary Properties Long Beach, LLC (Plenary), to purchase and install a portion of the critical technology needs infrastructure in the new Civic Center. Since that time, there has been continued refinement of the critical technology needs. Additional needs have been identified and it has been determined that Plenary is in the best position to purchase and install the additional technology infrastructure needs. 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 requested to amend Contract No. 34242 with Plenary, in an amount not to exceed $4,300,000, for the purchase and installation of a...
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