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HomeMy WebLinkAboutResolutions - No. 2017-158RESOLUTION NO. 2017-158 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO WAIVE THE BID PROCESS AND EXECUTE A SOFTWARE AS A SERVICE AGREEMENT WITH GOVINVEST, INC., OF TORRANCE, FOR PENSION TOTAL LIABILITY CALCULATOR SOFTWARE SERVICES, WITH AN OPTION TO PURCHASE THE OTHER POST EMPLOYMENT BENEFIT TRANSPARENCY TOTAL LIABILITY CALCULATOR SOFTWARE WHEREAS, the City's Unfunded Accrued Liability (UAL) on its pension plans with CaIPERS are the foremost financial concern facing the City; and WHEREAS, the UAL problem is complex and involves discussions with a myriad of interest groups with different viewpoints and understanding of the current situation; and WHEREAS, having simple to read, simple to understand, and simple to adjust reports is critical to engaging in multiple discussions on the UAL funding issue; and WHEREAS, Govinvest is a sole -source provider whose product is unique in displaying pension -funding information, including scenario analysis, at a granular and summary level, in a simple to understand format to allow for discussions with any interest group; and WHEREAS, Govinvest offers a similar product for Other Post Employment Benefit (OPEB) total liability calculations that is similarly unique; and WHEREAS, per City of Lodi Municipal Code Section 3.20.070, the City Council finds it is in the City's best interest to dispense with bidding and procure this software service directly with Govinvest; and WHEREAS, staff recommends the City Council authorize the City Manager to execute a Software as a Services Agreement with Govinvest, Inc., of Torrance, for pension liability calculator software services in the amount of $45,750 and grant the City Manager authority to activate the OPEB transparency total liability calculator software in the amount of $32,500 at the City Manager's discretion. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to: 1. Execute a Software as a Services Agreement with Govinvest, Inc., of Torrance, California, for pension liability calculator software services in the amount of $45,750 for the five-year term of the agreement; and 2. Activate the Other Post Employment Benefit Transparency Total Liability Calculator Software in the amount of $32,500 for the five-year term of the agreement at the City Manager's discretion. Dated: August 16, 2017 I hereby certify that Resolution No. 2017-158 was passed and adopted by the City Council of the City of Lodi in a regular meeting held August 16, 2017 by the following vote: AYES: COUNCIL MEMBERS — Chandler, Johnson, Mounce, Nakanishi, and Mayor Kuehne NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None NIFER . F�!IOL ty Clerk 2017-158