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P.H. 2020-22: (PUBLIC HEARING 1ST READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A LEASE AGREEMENT AND A RIDER TO LEASE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND STRYKER SALES CORPORATION FOR LIFE SAFETY EQUIPMENT; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Approximately $80,335 annually subject to annual appropriation)
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(Staff Contact: John Jurgle)
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Summary Explanation/Background:
This new Life Safety Device program by the manufacturer, allows us to replace 9 of our oldest LifePak15 monitors without having to pay the proposal balance of 321K upfront. We can accomplish removing our oldest units which are close to end of life use right away, by using (approved) available funds of 74K as a down payment. PBFR will pay the remaining 3 annual flexible installments of any amount, so long as the 321K balance is paid off by the end of the lease term.
Origin of request for this action: Fire Department
Fiscal impact and source of funding: $321,340.50 to be paid as follows. $74,000 of this amount will be funded in the current year from account #111-1103-522-64.40. The remaining amount will be paid of in 3 installments of $82,446.83 subject to annual appropriation from the General Fund in FY 2021 - FY 2023.
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