Recommendation to authorize City Manager, or designee, to execute the necessary documents to amend Contract No. 34242 with Plenary Properties Long Beach, LLC, of Los Angeles, CA, for Civic Center technology infrastructure, in an amount not to exceed $7,050,000; Authorize City Manager, or designee, to execute multiple lease-purchase agreements, and related financing documents, with Banc of America Public Capital Corporation, of Scottsdale, AZ, for the financing of Civic Center technology infrastructure, in an aggregate amount not to exceed $8,476,000 including principal, interest, and escrow fees, payable over a term not to exceed 15 years; and Increase appropriations in the General Services Fund (IS 385) in the Technology and Innovation Department (TI) by $454,000, offset by charges to user departments and funds. (Citywide)
Motion case. Thank you. I don't. Number 19, please. Item 19 is a report from Technology and Innovation, Financial Management and Public Works recommendation to amend contract with 20 properties, Long Beach to Civic Center technology, infrastructure and in an amount not to exceed 7 million and authorize city manager to execute multiple lease purchase agreements and financing documents with Bank of America Public Capital Corporation for the Financing of Civic Center Technology in an aggregated amount not to exceed 8.4 million citywide. Is there a public comment on this item saying No members, please cast your vote? Councilmember I mean. Vice Mayor Can we get a brief staff report on this? Councilman Alston I just outline with processes. As soon as we as soon as the item comes up, I'm going to look for the left or the right signal. If you requested, I'm trying to be respectful and get folks out of here. I'm being respectful. We'll do it. There were other people that actually motion to seconded. So. So that's fine. We'll go through a staff report if staff could be brief and then moving forward, I'm going to go through and ask everyone if they want comment before we move forward. Staff was going to have a presentation. Lyrics and. Good evening. A mayor and members of City Council or vice mayor. This on December 5th, technology innovation presented that $67 million of critical technology infrastructure needs to the city. And on that night council authorized city major submit these purchase transactions for these technology needs at future council meetings. So last week we started with those and this week we continue again with the item that you just passed and this item. And I'm going to turn it over to Jason Lee, our Infrastructure Services Bureau manager for the Staff Report. Vice Mayor and members of the City Council before use a recommendation to authorize city manager to amend a contract with plenary properties for purchase and installation of civic center technology infrastructure at a cost of $7 million and execute a lease purchase agreement with Bank of America Public Corporation for the Financing of Civic Center Technology Infrastructure. As background, the Civic Center Technology Infrastructure will include foundational components for the following areas the council chambers, the conference rooms, access controls, cameras, wireless and wired networks, the data center and cellular distributed antenna systems. In December 2014, City Council selected plenary to construct, operate and maintain the new Civic Center plenary is is in the best position to purchase install the identify technology infrastructure that did the design equipment costs were and equipment costs were extensively evaluated by a team of construction, engineering, design and technology consultants to ensure the solutions were consistent with the Civic Center design and were competitively priced. The need for plenary to provide these foundational systems was identified and included in the equipment category of the critical technology infrastructure needs. Presentation to the City Council on December 5th, 2017. The the source of the Civic Center technology costs of $7 million is is the proceeds of lease purchase financing for term of up to 15 years. The annual estimated lease payments and lifecycle costs of 1.1.8 $9 million will be recovered from client operations or client departments via the Technology MRU. We will be coming back for the $7 million appropriation during the second budget adjustment. With that, I conclude my report and would be happy to take any questions. Thank you. Any public comment on this item? Please cast your vote. Councilmember Pearce motion case. Thank you. So we're going to go through the rest of these items. If I don't see the maker of the motion or someone cued up, we are going to continue through these items. So the appropriate thing to do would be to queue up if you have something to say.