[2023-27 Contract Lease Dispatch State Purchase Attachment.pdf] City of North Olmsted (Schedule B) Compound Period: Nominal Annual Rate: CASH FLOW DATA Event 1 Lease 2 Lease Payment Date 3/1/2023 3/1/2023 Annual 5.500% Amount S 731,134.00 S 162,288.49 Number 1 5 AMORTIZATION SCHEDULE - Normal Amortization, 360 Day Year Lease Grand Totals Date 3/1/2023 3/ 1/ 2023 3/1/2024 3/1/2025 3/1/2026 3/1/2027 Lease Payment $ 162,288.49 $ 162,288.49 $ 162,288.49 $ 162,288.49 $ 162,288.49 S$ 811,442.45 INITIAL INSURANCE REQUIREMENT: Except as specifically provided in Section five of the Lease hereof, Lessee agrees to pay to Lessor or its assignee the Lease Payments, including the interest portion, in the amounts and dates specified in the above payment schedule. Interest S 31,286.51 S 24,081.40 S 16,480.01 S 8,460.53 S 80,308.45 Principal $162,288.49 $131,001.98 $138,207.09 $145,808.48 $153,827.96 $731, 134.00 $731,134.00 Period End Date Annual 3/1/2027 Balance $731,134.00 $568,845.51 $437,843.53 $299,636.44 $153,827.96 --- [2023-27 Contract Lease Dispatch State Purchase.pdf] CITY OF NORTH OLMSTED ORDINANCE NO. 2023 – 27 By: Mayor Jones AN ORDINANCE AUTHORIZING THE MAYOR TO ENTER INTO A FIVE (5) YEAR LEASE AGREEMENT WITH MOTOROLA TO INSTALL DISPATCHER’S CONSOLE MODEL MCC7500E, THROUGH THE STATE PURCHASE PROGRAM, AT AN ANNUAL COST OF $162,288.49 AND FURTHER AUTHORIZING THE MAYOR TO EXECUTE CONTRACT DOCUMENTS, AND DECLARING AN EMERGENCY. WHEREAS, the Director of Public Safety has recommended that the City of North Olmsted enter into a five (5) year lease agreement with Motorola to acquire use of a Model MCC7500E console for the North Olmsted Dispatch Center, together with related software and technical support services, to enhance public safety for emergency calls to Police and Fire; and WHEREAS, Council has, by separate legislation, addressed the costs and appropriations for this expenditure, which is authorized without public bidding through the State Purchase Program, and with Motorola being the sole source provider in the State of Ohio; and WHEREAS, it is the desire of this Council to authorize the Mayor to enter in a five (5) year lease agreement with Motorola, at an annual cost of $162,288.49 subject to review of legal form by the Director of Law. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That the Director of Public Safety be and she is hereby authorized to acquire through the State Purchasing Program, which was established by O.R.C. Section 125.04, and which the City is authorized to participate in pursuant to the City Charter and Resolution No. 87-6, a model MCC7500E dispatch console, together with related software and technical support, as detailed by proposals on file, at a cost of $731,134.00, payable in annual installments of $162,288.49 via a five (5) year lease agreement with Motorola. Said Agreement shall be in the form and substance as on file in the Department of Public Safety, with such changes in form and substance that are not substantially adverse to the City and which are approved by the Director of Law. The character of the agreement as not being substantially adverse to the City shall be evidenced conclusively by the execution of the agreement by the Mayor and the approval of the contract by the Director of Law. SECTION 2: That this Ordinance is hereby declared to be an emergency measure immediately necessary for the preservation of the public health, safety and welfare, and further for the reason that it is necessary that this Ordinance go into effect immediately to avoid anticipated price increase and/or supply chain delays; and further provided it receives the 2 affirmative vote of two-thirds of all members of Council, it shall take effect and be in force immediately upon its passage and approval by the Mayor. PASSED: ________________________ First Reading: _______________ Second Reading: _______________ Third Reading: _______________ Committee: __________________ ATTEST: _______________________________ __________________________ BEATRICE TAYLOR LOUIS J. BROSSARD Clerk of Council President of Council APPROVED: _____________________ APPROVED AS TO LEGAL FORM: _______________________________ /s/ Michael R. Gareau, Jr. ______ MAYOR NICOLE DAILEY JONES MICHAEL R. GAREAU, JR. Director of Law