Title
First Amendment to Contract with Precision Transmission, Inc. for ZF Transmission Repair and/or Rebuild Service (B)
This item involves an amendment to the contract between the City of Gainesville Regional Transit System (RTS) and Precision Transmission, Inc. for the Repair and/or Rebuild of ZF Transmissions.
Explanation
The original agreement provides that the annual budget for this contract is not to exceed $75,000. It is necessary to amend the annual contract budget amount to $110,000. The increase is a result of the scheduled mid-life overhauls of 2001 model year transit buses. The City entered into a contract with Precision Transmission, Inc. for these 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.
Fiscal Note
Funds to increase the budget to $110,000 are available in the FY 07 RTS operating budget and are planned to be available in the adopted FY 08operating budget.
Recommendation
The City Commission: 1) approve the First Amendment to the Contract with Precision Transmission, Inc. for ZF Transmission Repair and/or Rebuild Service; and 2) authorize the City Manager or designee to execute the Amendment.