Placement: Consent Agenda
Action Requested: Motion / Vote
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Ratify the Original Contract and Amendments #1-#3 and Approve Amendment #4 to Contract #20210108 for Armored Car Services.
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Submitted By: Kevin Eggleston, Procurement Contracting Officer I, Procurement Management Division (PMD).
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Kevin Eggleston, Procurement Contracting Officer I, PMD.
2. Parties: City of Port St. Lucie and MidFlorida Armored & ATM Services, Inc.
3. Purpose: To provide secure armored car services for the safe transfer and timely deposit of City funds.
4. New/Renewal/Modified: Renewal.
5. Duration: The initial contract term was two (2) years, with three (3) additional one-year renewals available. This amendment exercises the final one-year renewal, and no further renewals remain.
6. Benefits to Port St. Lucie: This Contract renewal ensures the secure transfer and protection of City funds, with deposits made timely to support accurate financial reporting and efficient treasury operations, while also providing continuity of service with a proven and reliable vendor.
7. Cost to Port St. Lucie (Annual and Potential): At $325 per location per month (6 locations), the annual cost is approximately $23,400. To date, the City has spent $78,300, so with this one-year renewal, the cumulative total is anticipated to exceed $100,000.00.
Presentation Information: N/A.
Staff Recommendation: Move that the Council ratify the original Contract and Amendments #1-#3 and approve Amendment #4 in accordance with City Code of Ordinances, Section 35.09(a) for renewal of Contract #20210108 for Armored Car Services with MidFlorida Armored & ATM Services, Inc.
Alternate Recommendations:
1. Move that the Council amend the recommendation and ratify the original Contract and Amendments #1-#3 and approve Amendment #4 to Contract #20210108.
2. Move that t...
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