Title
First Extension to the Agreement Between the City of Gainesville and Precision Transmission, Inc. (B)
This item involves a request for the first one-year extension to the Agreement with Precision Transmission, Inc. for ZF Transmission repair and rebuild service.
Explanation
The City entered into a contract with Precision Transmission, Inc. for ZF Transmission repair and rebuild services on December 5, 2006. This contract expires on September 30, 2007 with an option of two (2) one-year extensions, subject to funding and written consent of both parties. The first extension will start on October 1, 2007 and expire on September 30, 2008.
Fiscal Note
The estimated annual expenditure for ZF Transmission repair and rebuild service of $110,000 is available in the FY08 RTS Operating budget.
Recommendation
The City Commission authorize the City Manager to execute the First Extension to the Agreement with Precision Transmission, Inc. for the period of October 1, 2007 to September 30, 2008.
Alternative Recommendation: The City Commission decline the authorization for the City Manager to execute the First Extension to the Agreement with Precision Transmission, Inc. and provide staff with specific direction in securing these commodities. This would require selecting another vendor or issuance of a new Invitation to Bid and additional administrative costs.