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