Title
Consider a resolution authorizing the Mayor to execute Supplemental Agreement No. 1 with Ferguson Enterprises, Inc. for the purchase of water meter boxes and lids.
Body
The existing agreement between the City of Round Rock and Ferguson Enterprise, Inc. provides repairs and maintenance parts for the City's water and wastewater system on an "as needed" basis. This contract contains a number of parts that are necessary for our water and wastewater system, including pipe, pipe fittings, fire hydrants, valves, plumbing supplies, etc. The City of Round Rock would like to include additional parts, specifically water meter boxes and lids as a Supplemental Agreement No. 1 to the existing agreement.
The term of the existing agreement is for five consecutive twelve-month periods. After that term, the agreement may be extended for two successive terms of twelve months each. This Supplemental Agreement No. 1 shall amend the original agreement only as set forth herein with no other changes in terms or conditions of the original Agreement. It is anticipated that the City's Utility will spend approximately $28,075.37 for water meter boxes and lids under this supplemental agreement, which brings the new total contract amount to $198,075.37.
Cost: 28,075.37
Source of Funds: Utility Fund