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File #: 18-0577    Version: 1 Name:
Type: Minute Order Status: Action Item
File created: 11/30/2017 In control: City Council Meeting Agenda
On agenda: 12/11/2017 Final action:
Title: CC - FOUR-FIFTHS VOTE REQUIREMENT: (1) Authorize an Increase in the Amount of $1.6 million to the Previously Approved Working Capital Loan of $1,765,000 for a Total Loan Amount of $14,909,941 which includes a Previously Approved Construction Loan of $11,544,941 from the General Fund to the Municipal Fiber Network Enterprise Fund; (2) Approve a Related Budget Amendment Appropriating $1.6 million from the General Fund to the Municipal Fiber Network Enterprise Fund; (3) Waiver of Competitive Bidding and Approval of an Amendment to the Existing Materials Procurement Agreement with MOX Networks, LLC for the Purchase of Network Construction Materials in an Amount Not-To-Exceed an Additional $300,000.
Related files: 15-765, 16-375, 15-399
title
CC - FOUR-FIFTHS VOTE REQUIREMENT: (1) Authorize an Increase in the Amount of $1.6 million to the Previously Approved Working Capital Loan of $1,765,000 for a Total Loan Amount of $14,909,941 which includes a Previously Approved Construction Loan of $11,544,941 from the General Fund to the Municipal Fiber Network Enterprise Fund; (2) Approve a Related Budget Amendment Appropriating $1.6 million from the General Fund to the Municipal Fiber Network Enterprise Fund; (3) Waiver of Competitive Bidding and Approval of an Amendment to the Existing Materials Procurement Agreement with MOX Networks, LLC for the Purchase of Network Construction Materials in an Amount Not-To-Exceed an Additional $300,000.

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Meeting Date: December 11, 2017

Contact Person/Dept: Michele Williams/Information Technology Department

Phone Number: (310) 253-5950

Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []

Public Hearing: [] Action Item: [X] Attachments: []

Commission Action Required: Yes [] No [X] Date:

Public Notification: (E-Mail) Meetings and Agendas - City Council (12/06/17); and MOX Networks, LLC (Jason Misicka, Director of Sales, on 12/01/17).

Department Approval: John M. Nachbar (11/30/17)
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RECOMMENDATION

Staff recommends that the City Council:

1. Authorize an increase of $1.6 million to the previously approved working capital/maintenance loan, from the General Fund to the Municipal Fiber Network Enterprise Fund, for a total loan of amount $14,909,941 consisting of the following:
Previously Approved Construction Loan - $11,544,941
Previously Approved Working Capital Loan - $ 1,765,000
Requested Increase to Working Capital Loan $ 1,600,000
Total Loan Amount $14,909,941

2. Approve a related budget amendment appropriating $1.6 million in the Municipal Fiber Network Enterprise Fund (requires four-fifths vote).

3. Waive competitiv...

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