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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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