DATE: March 10, 2020
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator / CFO
Brian Wilcox, Purchasing Manager
SUBJECT:
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Recently Exercised Options To Extend The Terms Of Award For Certain Procurements. (Contract No. 2015-0353 With Waste Management, Inc. Of Tennessee For Sanitary Landfill Disposal Of Biosolid Sludge)
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Purpose
The purpose of this memorandum is to report that an option to extend the term of award for a certain procurement has been recently exercised.
Background
An option to extend the term of award for the following procurement has been recently exercised:
Financial Impact
In general, exercising options to extend terms of award is anticipated in the City’s current fiscal year budget. Further, each department has indicated that the City’s approved budget currently provides sufficient funding for the City exercising the option to extend or, if applicable, for the portion of the extended term of award to be allocated to the current City fiscal year.
Attachments
A copy of the notice of intent to exercise the option, as accepted by the vendor, is attached.