pages: SpecialFinanceAndManagementCommittee/2015-09-15.pdf, 5
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SpecialFinanceAndManagementCommittee | 2015-09-15 | *Special Finance & Management Meeting Minutes - FINAL September 15, 2015 Committee S9 Subject: IT Projects & Financing From: Information Technology Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or Designee To Execute A Master Lease Agreement(S) With IBM Credit LLC For Financing Not To Exceed An Amount Of $17,000,000, A Term Of 7 Years And An Interest Rate Of 3.5% Tax Exempt And/Or 5.5% Taxable; And Waiving Competitive Selection Requirements For The Financing Agreement(S) Proceeds Of The Financing To Fund: (A) Current Information Technology Systems Operations And Maintenance; And (B) Project To Upgrade/Implement The Oracle Systems Including Hardware, Software, Professional Services, Support And Maintenance; And (C) Project To Implement A New Municipal Budgeting System Including Hardware, Software, Professional Services, Support And Maintenance; And (D)Project To Replace And Improve 9-1-1 Public Safety Systems Including Hardware, Software, Professional Services, Support And Maintenance; And 2.Approving The Recommendations Of The City Administrator For The Award Of Contracts To Provide Professional Services To Upgrade/Implement The Oracle Systems And To Implement A New Municipal Budgeting System (Projects 1(B) And 1(C) Above) Based On The Results Of The Competitive Selection Process; And Authorizing The City Administrator Or Designee To Negotiate And Enter Into Professional Services Contracts With The Approved Firms. 15-0059 A motion was made that this matter be Continued to the *Finance & Management Committee, to be heard 9/29/2015. The motion carried by the following vote: Aye: 4- - Campbell Washington, Gibson McElhaney, Guillén, and Kalb Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) There was 1 Open forum speaker Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Finance And Management Committee adjourned the meeting at 11:50 a.m. * In the event of a quorum of the City Council participates on this Committee, the meeting is noticed as a Special Meeting of the City Council; however no final City Council action can be taken. City of Oakland Page 5 Printed on 9/29/2015 | 5 | SpecialFinanceAndManagementCommittee/2015-09-15.pdf |