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Amend Agreement with Graffiti Protective Coatings, Inc. <br />April 5, 2022 <br />Page 3 <br />FISCAL IMPACT <br />The annual expenditures approved in the current agreement are not to exceed <br />$1,360,000 annually. With approval of the requested amendment, the annual expenditure <br />amount will increase by $350,000 in Fiscal Year 2021-22, and $700,000 annually for the <br />remaining year of the three-year agreement and for any of the five renewal options that <br />may be exercised, for a maximum not to exceed amount of $15,663,333. Funding for this <br />agreement is budgeted and available in the Fiscal Year 2021-22 Council -approved <br />budget and will be budgeted in future years in the following accounts: <br />Fiscal <br />Accounting Unit <br />Fund <br />Accounting Unit — <br />Amount <br />Year <br />— Account # <br />Description <br />Account Description <br />CURRENT ANNUAL AMOUNT <br />Graffiti Abatement <br />2021-22 <br />01117642-62300 <br />General Fund <br />Program, Contract- <br />$1,360,000 <br />Services Professional <br />ADDITIONAL AMOUNT <br />Graffiti Abatement <br />01117642-62300 <br />General Fund <br />Program, Contract- <br />$300,000 <br />Services Professional <br />2021-22 <br />Enterprise <br />Parking Facilities, <br />02718132-62300 <br />Fund <br />Contract -Services <br />$50,000 <br />Professional <br />ADJUSTED SUBTOTAL <br />$1,710,000 <br />REMAINING TERMS <br />Graffiti Abatement <br />01117642-62300 <br />General Fund <br />Program, Contract- <br />$1,960,000 <br />Services Professional <br />2022-23 <br />Enterprise <br />Parking Facilities, <br />02718132-62300 <br />Fund <br />Contract -Services <br />$100,000 <br />Professional <br />Graffiti Abatement <br />01117642-62300 <br />General Fund <br />Program, Contract- <br />$1,960,000 <br />Services Professional <br />2023-24 <br />Enterprise <br />Parking Facilities, <br />02718132-62300 <br />Fund <br />Contract -Services <br />$100,000 <br />Professional <br />Graffiti Abatement <br />01117642-62300 <br />General Fund <br />Program, Contract- <br />$1,960,000 <br />Services Professional <br />2024-25 <br />Enterprise <br />Parking Facilities, <br />02718132-62300 <br />Fund <br />Contract -Services <br />$100,000 <br />Professional <br />