Title
Consideration of and action on authorization to seek bids to obtain lease-purchasing financing for the refresh of the VoIP Communication System.
Body
Summary: The Information Technology Department is requesting the purchase of a VOIP telephone system as a replacement for the current telephone system. The equipment will be purchased through the Department of Information Resources (DIR) contract. The $227,896.30 cost of the telephone system would be financed through a lease-purchase. An amount of $50,000 is included in the Fiscal Year 2017-2018 Information Technology Department budget to fund the first year of the lease purchase financing for this equipment. The City would like to request bids for various financing options to determine the best alternative to fund this purchase.
Fiscal/Budgetary Impact:
The Fiscal Year 2017-2018 Information Technology Department Budget includes an amount of $50,000 in Account No. 10-200-4904, Machinery & Equipment, for the first year of the lease payments.
Recommended action:
Authorize the City to seek bids to obtain lease-purchase financing for the refresh of the VoIP Communication System.