HomeMy WebLinkAbout1998-129-09/01/1998-APPROVING THE PURCHASE OF DEPOSITORY SERVICES FOR THE FIRST NATIONAL BANK OF FORT COLLINS AS AN EXCE RESOLUTION 98-129
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING THE PURCHASE OF DEPOSITORY SERVICES FROM
THE FIRST NATIONAL BANK OF FORT COLLINS AS AN
EXCEPTION TO THE COMPETITIVE PROCUREMENT PROCESS
WHEREAS, the City has contracted with the First National Bank of Fort Collins for
Depository Services for the last five years; and
WHEREAS, the City desires to purchase Depository Services for 1999 from the First
National Bank of Fort Collins; and
WHEREAS,sufficient funds for the Depository Services are included in the 1999 budget and
will be included in the year 2000 budget request; and
WHEREAS, Section 8-160(d)(1)b. of the Code of the City of Fort Collins authorizes the
Purchasing Agent to negotiate the purchase of supplies and service without utilizing a competitive
process where the Purchasing Agent determines that although a particular material or service is
available from more than one (1) responsible source, a competitive process cannot reasonably be
used, or, if used, will result in a substantially higher cost to the city, will otherwise injure the city's
financial interests or will substantially impede the city's administrative functions or the delivery of
services to the public; and
WHEREAS, because of the time and resources required to issue a request for proposal in
1998, the Purchasing Agent has determined that a competitive process cannot reasonably be used
and, if used, would result in a substantially higher cost to the city and may result in the impairment
of the city's delivery of services to the public, and the Purchasing Agent has submitted the requisite
justification for this determination to the City Manager for approval; and
WHEREAS, the City Manager has reviewed and approved the justification for this
acquisition; and
WHEREAS, Section 8-160(d)(3) requires approval of this purchasing method by the City
Council for items costing more than One Hundred Thousand Dollars($100,000)prior to acquisition.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT COLLINS that the Purchasing Agent is authorized to purchase Depository Services for the
year 1999 with an option to renew for an additional one year for 2000 from First National Bank of
Fort Collins in the estimated amount of $277,000 per year as an exception to the competitive
procurement process requirements.
Passed and adopted at regular meeting of the Council of the CijY-Qf Fort Collins th day
of September, A.D. 1998.
ATTEST:
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City Clerk QS