CM-2018-1898 - 10/5/2018TERM RENEWAL AGREEMENT NO.1
TO "CITY OF ROUND ROCK AGREEMENT FOR
PURCHASE OF ARMORED CAR SERVICES
FROM DUNBAR ARMORED"
CITY OF ROUND ROCK )
)
STATE OF TEXAS )
COUNTY OF WILLIAMSON )
COUNTY OF TRAVIS )
KNOW ALL BY THESE PRESENTS:
This Term Renewal Agreement No. 1 to "City of Round Rock Agreement for Purchase of
Armored Car Services," hereinafter called the "Renewal Agreement," is made by and between
the City of Round Rock, Texas, a Texas home -rule municipality, whose offices are located at
221 East Main Street, Round Rock, Texas 78664-5299, hereinafter called "City," and Dunbar
Armored, whose offices are located at 50 Schilling Road, Hunt Valley, Maryland 21031,
hereinafter called "Vendor."
WHEREAS, City and Vendor previously executed the referenced "Agreement for
Purchase of Armored Car Services," hereinafter called the "Agreement," on September 10, 2015
by Resolution No. R-2015-2789; and
WHEREAS, pursuant to Section 2.01 of the Agreement, the initial term of the
Agreement was for three (3) consecutive twelve (12) month periods with two (2) allowable
successive twelve (12) month renewal periods from the effective date of the Agreement; and
WHEREAS, the initial term of the Agreement expires on September 10, 2018; and
WHEREAS, the parties desire to extend the term of the Agreement for the first of two
(2) allowable consecutive twelve (12) month renewal terms; and
NOW THEREFORE, premises considered, and in consideration of the mutual promises
and obligations in the Agreement and this Renewal Agreement, the City and Vendor agree as
follows:
I.
Pursuant to Section 2.01(B) of the Agreement, the term of the Agreement is renewed for
the first allowable twelve (12) month renewal period. The twelve (12) month renewal term shall
commence upon expiration of the initial term of the Agreement.
00 08404/ss2
H.
This Renewal Agreement embodies the first of two (2) allowable twelve (12) month
renewal periods and shall extend the original Agreement as to time only with no other changes in
terms or conditions of the original Agreement.
IN WITNESS WHEREOF, the City and Vendor have executed this Renewal
Agreement to be effective as of the last date of due execution by both parties.
CITY OF ROUND ROCK, TEXAS
ATTEST:
DUNBAR ARMORED
FOR CITY, AFPPOVED AS T FORM:
L
By.<6�-
Stephan . Sheets, City Attorney
741
City of Round Rock
11ROUND
ROCKAgenda item SummaryU%�t_:
Agenda Number:
Title: Consider executing Term Renewal No. 1 to "City of Round Round Agreement
for Purchase of Armored Car Services from Dunbar Armored."
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 101512018
Dept Director: Susan Morgan, CFO
Cost: $17,266.00
Indexes: General Fund
Attachments: Dunbar Agreement
Department: Finance Department
Text of Legislative File CM -2018-1898
Consider executing Term Renewal No. 1 to "City of Round Round Agreement for Purchase of
Armored Car Services from Dunbar Armored."
The City solicited bids for armored car service back in 2015 and awarded the contract to Dunbar
Armored. The initial term was a three-year period with the possibility of two twelve-month
extensions. The City has been happy with the services they provide. The City would like to
continue this relationship for an additional twelve (12) month period; the first of two renewal
periods.
Armored car service is widely considered the safest way to transport the City's funds from one
location to another. Dunbar picks up deposits from various City locations and then delivers the
funds to the City's depository bank, JPMorgan Chase Bank.
Cost: $17,266.00
Source of Funds: General Fund
City of Raund Rock Pape 1 Printed on 70!5/2018