HomeMy WebLinkAbout2009-203ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE FINANCING OF PHONE EQUIPMENT,
RECURRING MAINTENANCE SUPPORT AND INSTALLATION SERVICES FOR THE
CITY OF DENTON THROUGH A LEASE PURCHASE FINANCING AGREEMENT;
PROVIDING FOR THE EXPENDITURE OF FUNDS THEREFOR; AND PROVIDING AN
EFFECTIVE DATE (FILE 4391—THIRD PARTY LEASE PURCHASE OF PHONE
EQUIPMENT THROUGH KEY GOVERNMENT FINANCE IN THE AMOUNT OF
$1,632,392.40 WITH FIVE ANNUAL PAYMENTS OF $326,478.48 EACH.)
WHEREAS, Section 271.005 of the Local Government Code authorizes the City council,
in its discretion, to contract for the financing of personal property; and
WHEREAS, the City Council finds that the herein authorized financing of the budgeted
equipment through a lease purchase agreement with Key Government Finance is appropriate and
in the public interest; and
WHEREAS, the City Council has provided in the City Budget for the appropriation of
funds to be expended for the herein authorized lease purchase agreement; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Council hereby authorizes a lease purchase agreement to finance
the acquisition of phone equipment and maintenance as listed on Exhibit A with Key
Government Finance, said agreement providing for a financed amount of $1,632,392.40 having
five annual payments of approximately $326,478.48 with the interest cost assumed by the
equipment provider.
SECTION 2. The City Manager, or the Purchasing Agent as his designee, is authorized
to enter into a lease purchase agreement on behalf of the City in accordance with the terms set
forth in Section 1 and to expend the funds provided for in Section 1.
SECTION 3. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this J`y day of 2009.
r
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
ANITA BURGESS, CITY ATTORNEY
BY:
3-ORD- 1
NBC
Created On: 8 Jul 2009
Expiration Date: 30 Aug 2009
To: City of Denton
Phone:
Fax
A
'Go D ect
Contract Number DIRSDD-239
QUOTATION
Exhibit
INX Inc.
1955 Lakeway Drive Ground Freight Included
Suite 220 Quote valid for 30 days '
Lewisville, TX 75057 Tenns am Net 30 Customer Signature of Acceptance Dam
CISVtI 1.76-0515249-906 Lead times subject to change
tl�ltllll
tllltl�lt
Cisco
C15C0
PARTNER
PARTNER
Quote No: TC073009SB
Project Name: Network Redesign
From Trad Chrisman
Phone:469-549-3841
Fax 469-549-3871
QUOTATION
Created On: 1 Mar 2009
Expiration Date: 31 Mar 2009
Phone:
Fax:
,I11,111, 11'i,IIII ,i i,III.
Cisco c1s>r0 r.. Ito,
PARTNER PARTNER PARTNER
Quote No:
Project Name:
From:
Phone:
Fax:
Nob: Prices are valid for 30 days, Terrns are Net 30. Products wrD be shipped FOB Oiipc;
Freita collect Risk of loss and title passes at shipphp poht. Uppon approval of 0Ys IMC quote.
cushmer epees to ad terms and Caa§fions stated w knpkd NIX ad ates to retum, repboorcaN or mpe6W
the menutact a ASstr3uMr DOA pobdes. Product rehan for crea is based on fhe manful( rhfistnbutor
return poky and may be su*d to stock rebalanmrp fees, or non+etum suMorizedon -loss o0rerwlse agreed upon.
All dtpphy end handag fees will apply. Typographical errors are suf ed to correction. TSdCS hereh
override any P.O. recefredby Cderd. M mtamsasectudy iiteresthaBprockid dd&Wpayment
has been mode by drerd on Oro product.
'® 20D9 INX Inc. All Rights Reserved. This document and its contents are the confidential
and proprietary intellectual property of INX Inc. and may not be duplicated, redistributed
or displayed to any third party without the express written consent of INX Inc.'
ISM
oh
llll,' .I1t+lll,.
CisCO ttsCO G1SC0.
PARTNER PART KEn PARTNER
QUOTATION
Created On: 1 Mar 2009
Quote No:
Explratlon Date: 31 Mar 2009
Project Name:
To:
From:
Phone:
Phone:
Fax:
Fax:
5 year Total $ 202,872.00
Nita: Prh-$ are v.Ed tor 30 days, Temu ere Net 30. P,oduas.Nbe shipped FOB Origin,
Ret mc.0ePJak amass erW bale passes al shopdrg pUpper:d Upper: approve! or0ds Ua quote,
custmrer agmes to all terms and cmcit—s stated or mprod. t110C "tom,; to return, repracemnd or mpw of
Me mamd8cMcRfsfibidor DOA parxaes. Produd return for veal( is based on the mamAecturerA&mbida
mtm policy and may be subject to stock mb&wx*V fees, or ro—eturn ardhodradm is*= otherwise agreed upon.
AB shopb g end harid5V tees w'9 appty Typographicalmars era subpa tokonectba TSWS hero;,
ovenx% arty P.O. received by rd'ad. th0treta a sakwity idoroa n al prodoi wbr fnalpoymmd
has been made by rAad or; me Product
V 2009 INX Inc. M Rights Reserved. This document and its contents are the confidential
and proprietary Intellectual property of INX Inc. and may not be duplicated, redistributed
or displayed to any third party without the express written consent of INX Inc.'