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Exhibit 1 - Agenda Information SheetCity of Denton _____________________________________________________________________________________ AGENDA INFORMATION SHEET DEPARTMENT: Procurement ACM: Cassey Ogden DATE: May 7, 2024 SUBJECT Consider adoption of an ordinance of the City of Denton, a Texas home-rule municipal corporation, authorizing the City Manager to execute a contract with Vermeer Equipment of Texas, LLC dba Vermeer Texas-Louisiana, Inc., through the Buy Board Cooperative Purchasing Network Contract Nos. 646-21, 684- 22, 685-22, & 687-22, for the purchase, repair, and rental of construction equipment for the Fleet Services Department; providing for the expenditure of funds therefor; and providing an effective date (File 8540 – awarded to Vermeer Equipment of Texas, LLC dba Vermeer Texas-Louisiana, Inc., for one (1) year, with the option for four (4) additional one (1) year extensions, in the total five (5) year not-to-exceed amount of $4,500,000.00). STRATEGIC ALIGNMENT This action supports the Key Focus Area: Enhance Infrastructure and Mobility. INFORMATION/BACKGROUND The proposed contract will be utilized by the Fleet Services Department to procure equipment for various city departments engaged in underground utility construction, landscaping, and tree care. Examples of the equipment to be acquired or rented encompass grinders, vacuum trailers, and trenchers. Furthermore, the contract encompasses in-the-field service repairs for assets necessitating specialized diagnostic equipment. The Fleet Services Department strategizes asset management, including planning for new acquisitions and asset replacements, integrated within the city's annual budget process. Funding for all new acquisitions and replacements is allocated within the Capital Improvement Budget. The contract value is based on historical spending levels and includes estimates for future assets and services. Estimated Expenses Category Year 1 Year 2 Year 3 Year 4 Year 5 Total All Years Acquisitions $400,000 $412,000 $424,360 $437,090 $450,204 $2,123,654 Replacement 275,000 283,250 291,748 300,500 309,514 1,460,012 Rentals 50,000 50,000 50,000 50,000 50,000 250,000 Services 100,000 103,000 106,090 109,273 115,000 533,363 Sub Total $825,000 $848,250 $872,198 $896,863 $924,718 $4,367,029 Contingency 2% 24,750 25,448 26,166 26,906 29,701 132,971 Total $849,750 $873,698 $898,364 $923,769 $954,419 $4,500,000 City Hall 215 E. McKinney Street Denton, Texas www.cityofdenton.com Pricing obtained through the Buy Board Cooperative Purchasing Network has been competitively bid and meets the statutory requirements of Texas Local Government Code 271.102. PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS) On February 1, 2005, the City Council approved the interlocal agreement with the Buy Board Cooperative Purchasing Network (Ordinance 2005-034). RECOMMENDATION Award a contract with Vermeer Equipment of Texas, LLC dba Vermeer Texas-Louisiana, Inc., for the purchase, repair, and rental of construction equipment for the Fleet Services Department, in a one (1) year, with the option for four (4) additional one (1) year extensions, in the total five (5) year not-to-exceed amount of $4,500,000. PRINCIPAL PLACE OF BUSINESS Vermeer Equipment of Texas, LLC dba Vermeer Texas-Louisiana, Inc. Valley View, TX ESTIMATED SCHEDULE OF PROJECT This is an initial one (1) year contract with options to extend the contract for four (4) additional one (1) year periods, with all terms and conditions remaining the same. FISCAL INFORMATION The proposed contract will be funded through the City’s Capital Budget for the acquisition of assets and the Fleet Services Operating Budget for repair services. Requisitions will be entered on an as-needed basis. The City will only pay for services rendered and is not obligated to pay the total contract amount unless needed. EXHIBITS Exhibit 1: Agenda Information Sheet Exhibit 2: Cooperative Pricing Exhibit 3: Ordinance and Contract Respectfully submitted: Lori Hewell, 940-349-7100 Purchasing Manager For information concerning this acquisition, contact: Dustin Rolfe, 940-349-8438. Legal point of contact: Marcella Lunn at 940-349-8333.