Title
A Resolution authorizing and directing the Mayor, on behalf of the Urban County Government, to execute a License and Services Agreement (awarded pursuant to RFP No. 20-2015) with Ion Wave Technologies, Inc., for a centralized electronic procurement system, at a cost estimated not to exceed $25,875 in FY 2017. [Div. of Purchasing/Dept. of Finance, Slatin/O’Mara]
Summary
Authorization to execute a multi-year Agreement (awarded pursuant to RFP No. 20-2015) with Ion Wave Technologies, Inc., for a cloud-based procurement system, at a cost not to exceed $25,875.00 in FY 2017, with ongoing subscription fees subject to appropriation of sufficient funds in future fiscal years. Funds are Budgeted. (L0792-16) (Slatin/O’Mara)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes - Andrea Brown - 6/23/2016
Risk Management: No
Fully Budgeted [select]: Yes - FY2017
Account Number: 1101-202801-0001-76102 - $24,000 FY2017
1101-202801-0001-71208 - $1,875 FY2017
This Fiscal Year Impact: $25,875 FY2017
Annual Impact: $25,875 for FY2017
$26,000 for FY2018
$26,500 for FY2019
$27,000 for FY2020
$27,500 for FY2021
Project:
Activity:
Budget Reference:
Current Balance: 1101-202801-0001-76102 - $24,000
1101-202801-0001-71208 - $16,000
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized and directed to execute the License and Services Agreement (awarded pursuant to RFP No. 20-2015), which is attached hereto and incorporated herein by reference, with Ion Wave Technologies, Inc., for a centralized electronic procurement system.
Section 2 - That an amount estimated not to exceed the sum of $25,875.00 be and hereby is approved for payment to Ion Wave Technologies, Inc., in FY 2017, from account #1101-202801-76102 ($24,000.00) and account #1101-202801-71208 ($1,875.00), pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL