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HomeMy WebLinkAbout039 - 05/15/1990 - AUTHORIZING THE PURCHASING AGENT TO ENTER INTO AN AGREEMENT FOR THE LEASE PURCHASE OF COMPUTER EQUIP ORDINANCE NO. 39, 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE PURCHASING AGENT TO ENTER
INTO AN AGREEMENT FOR THE FINANCING
BY LEASE/PURCHASE OF COMPUTER
EQUIPMENT AND SOFTWARE
WHEREAS, the City is authorized under the provisions of Title 31 ,
Article 15, part 8, C.R.S. , to acquire necessary equipment and other
property for its governmental and proprietary purposes under the provisions
of a long-term rental or leasehold agreement with an option to purchase
such equipment or property and to provide for the payment of said property
from any available municipal income; and
WHEREAS, the City has received a proposal from Safeco Credit Company
to lease to the City the following described equipment and software:
QUANTITY DESCRIPTION
PUBLIC SAFETY SYSTEM UPGRADE PROJECT
1 lot DEC hardware
1 lot DEC software
1 lot Add'l . hardware (not DEC)
1 lot PRC software and service
1 lot MDI hardware and software
1 lot Chgs. for cabling building
1 lot 2 telephone lines, installed
1 lot Chgs. for rewiring computer room in
Dispatch area
1 lot Contingency for CAD upgrade
1 lot Chgs to upgrade UPS and generator
WORDPERFECT PROJECT
1 each EtherDat Unattended tape backup for DEC
VAX products on Ethernet/DECNet Network
12 each Personal computers
1 lot Terminal server chassis w/LAT interface,
rack mount kit, 2-8 port cards, 1-8 port
card w/modems
4 each RILC cards
1 each VAX Central Processing Unit
1 each DEC 32MB ECC memory
1 each DEC console terminal
1 each DEC console printer
1 each DEC Async controller
2 each DEC Disk drives
2 each DEC Disk interface cables
1 each DEC HSC Data Channel
1 lot DEC Extended System Warranty
1 each WordPerfect 5.0 license for VAX
I lot FMS license upgrade
1 each DMG software for VAX-FAX connection
hereinafter referred to as the "equipment" ; and
WHEREAS, the City Council has determined that the City is in need of
the above listed equipment in order that the same may be used by the ICS
and Police Dispatch departments of the City; and
WHEREAS, the City Council has determined that it is in the best
interest of the City to lease finance said equipment from Safeco Credit
Company, which is also providing financing for the acquisition of said
equipment; and
WHEREAS, the City desires to enter into a lease agreement with respect
to the leasing and financing of said equipment; and
WHEREAS, the City Council has determined that the lease payments in
the sum of $72,499.00 per quarter are reasonable and proper and represent
the fair rental value of the subject equipment.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That the Purchasing Agent be, and hereby is, authorized
to enter into a lease/purchase agreement with Safeco Credit Company for the
above described equipment in accordance with the following terms and
provisions:
This agreement shall be for an original term from the date of
execution of the agreement through December 31, 1990. The agreement shall
provide for renewable one-year terms thereafter, through the life of each
item, as indicated below:
ITEM END OF FINAL TERM, IF RENEWED
PUBLIC SAFETY SYSTEM UPGRADE PROJECT
DEC hardware December 31, 1995
DEC software December 31, 1995
Add'l . hardware (not DEC) December 31, 1995
PRC software & service December 31, 1995
MDI hardware and software December 31, 1995
Chgs. for cabling building December 31, 1995
2 telephone lines, installed December 31, 1995
Chgs. for rewiring computer room December 31, 1995
Contingency for CAD upgrade December 31, 1995
Chgs to upgrade UPS and generator December 31, 1995
WORDPERFECT PROJECT
EtherDat tape backup system/Network December 31, 1993
Personal computers December 31, 1993
Terminal Server December 31, 1995
RILC cards December 31, 1995
VAX Central Processing Unit December 31, 1995
DEC ECC memory December 31, 1995
DEC console terminal December 31, 1995
DEC console printer December 31, 1995
DEC Async controller December 31, 1995
DEC disk drives December 31, 1995
DEC Disk interface cables December 31 , 1995
DEC HSC data channel December 31, 1995
DEC extended system warranty December 31 , 1995
WordPerfect 5.0 license for VAX December 31, 1995
FMS license upgrade December 31, 1995
DMG software for VAX-FAX connection December 31, 1995
The City shall make equal quarterly payments for each of the
consecutive terms of such agreement. If the City leases the equipment for
the original term and all successive renewal terms, the payment to Safeco
Credit Company will total the sum of the principal , One Million One Hundred
Eighty-two Thousand Six Hundred Sixty Dollars ($1 , 182,660) , plus interest
at a fixed rate equal to seven and three-tenths percent (7.3%) per year.
The City shall have an option to purchase the equipment on any quarterly
payment date of any term. The option to purchase shall be exercised by
paying the quarterly payment due on said date and the unpaid principal due
after said date. If the City renews the agreement for all the renewal
terms and makes all payments during said terms, the City shall be deemed to
have exercised the option to purchase said equipment.
The agreement shall not constitute a pledge of the City's revenues .
Section 2. That the City Manager shall submit to the City Council an
annual accounting of all costs incurred and benefits received by the City
from the lease/purchase agreement which is hereinabove authorized. Each
such report shall encompass the last preceding twelve-month period. The
first such report shall be submitted to the Council on or before September
30, 1991 .
Introduced, considered favorably on first reading, and ordered
published this 1st day of May, A.D. 1990, and to be presented for final
passage on the 15th day of May, A.D. 1990.
Mayor
ATTEST-
City Clerk
Passed and adopted on final reading this 15th day of May, A.D. 1990.
I
I
Mayor
ATTESSTT,:•
City Clerk