00-0801R

RESOLUTION AWARDING CONTRACT TO PSR, INC., C/O IBM CREDIT CORPORATION, FOR FURNISHING AND INSTALLING IBM/390 INTEGRATED SERVER EQUIPMENT, IN THE AMOUNT OF $143,523.

BY COUNCILOR EDWARDS:

RESOLVED, that PSR, Inc., c/o IBM Credit Corporation, be and hereby is awarded a contract for furnishing and installing IBM/390 integrated server equipment for the MIS division in accordance with specifications on its low specification bid of $143,523, terms net 30, FOB Duluth.

BE IT FURTHER RESOLVED, that proper city officials be authorized to enter into an agreement with IBM Credit Corporation (ICC) to finance the purchase of the integrated server equipment at the rate of $4,361.75 per month for 36 months, payable out General Fund 100, Dept./Agency 015, Organization 1513, Object 5319.


STATEMENT OF PURPOSE:  This resolution will authorize the purchase and installation of an IBM/390 integrated server equipment from PSR, Inc., and will authorize the financing of the server from IBM Credit Corporation at the rate of $4,361.75 for 36 months to be paid from the future fund that would normal be used for maintenance of the existing server.  The purchase of this equipment will result in an annual saving of approximately $55,000 per year for the city of Duluth.  Bid No. 00-0675