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<br />Contract Renewal for Automotive <br />Brake Parts (Spec. No. 03-010) <br />April 4, 2005 <br />Page 2 <br /> <br />On April 7, 2003, the City Council awarded contracts for a two-year <br />period, with provision for three one-year renewals. The vendors have <br />performed satisfactorily during the past contract period and have <br />agreed to renew the contracts without an increase in pricing. Staff <br />recommends the first renewal of the contracts. <br /> <br />FISCAL IMPACT <br /> <br />Funds are budgeted and available in the Equipment Maintenance Operating <br />Materials and Supplies account (account no. 75-111-6391). <br /> <br />(L~~'~' <br /> <br />~ Executive Director <br />Finance and Management Services Agency <br /> <br />FG/BP/03-010-R.2:li <br /> <br />220-2 <br />