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HomeMy WebLinkAboutAGENDA REPORT 1991 0821 CC REG ITEM 08H • • ITEM 9- H PW ( P. 9 MOORPARK ° ') 799 Moorpark Avenue Moorpark, California 93021 (805) 529-6864 T/Fo ,� e iORPARK, CALIFORNIA City Council Meeling of i-2/ 199 1 ACTION:_�2w MEMORANDUM abed B .f,.- / -C TO: The Honorable City Council � Vt FROM: Kenneth C. Gilbert, Director of Public Works DATE: August 13, 1991 (Council Meeting 8-21-91) SUBJECT: Annual Cost-of-Living Adjustment for Street Sweeping Contract $ACKGROUND In May of 1990 the City entered into a five year contract with Pacific Power Sweep for street sweeping services. That contract provides for an automatic annual cost-of-living adjustment (not to exceed 7%) in the contract price. The automatic adjustment shall occur each July and shall be based on the change in the Consumer Price Index for the twelve month period ending the previous May. DISCUSSION The change in the C.P.I . for the designated period was 4.6%. Based on this information, the amount of the cost-of-living adjustment for Fiscal Year 1991/92 is calculated as follows: Current Adjusted Item Costs (S) Costs ($) Curb Mile Rate 11.00 11.51 Monthly Costs City 4 , 137. 47 4, 327. 79 State Highways 340.82 356.50 Total 4 ,478 . 29 4,684 . 29 Total Annual Costs 53 ,739.48 56, 211 .48 An amount of $59,000 was budgeted for these costs to cover this adjustment and any minor adjustments to the scope of work. PAUL W. LAWRASON JR. BERNARDO M. PEREZ SCOTT MONTGOMERY ROY E. TALLEY JR. JOHN E. WOZNIAK Mayor Mayor Pro Tem Councilmember Councilmember Councilmember Street Sweeping Contract August 21, 1991 Page 2 In that this is contract price adjustment is stipulated in the contract, no approval is necessary. BION Receive and file the report.