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Resolution of the Mayor and Council of the Municipality of Princeton Authorizing an Increase of $40,289.80 to the Not to Exceed Amount for the Contract with IPS Group, Inc. for Parking Meter Charges Utilizing Omnia Partners National Cooperative Purchasing Contract CW18653 for a New Not to Exceed Amount of $200,289.80
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WHEREAS, by Resolution 25-204 adopted on June 9, 2025, Princeton Council awarded a contract to IPS Group, Inc. for Parking Meter Charges for a not to exceed amount of $160,000.00 utilizing Omnia Partners National Cooperative Purchasing Contract CW18653; and
WHEREAS, additional parts will be needed for necessary repairs; and
WHEREAS, IPS Group, Inc. has provided a proposal for the additional services in the amount of $40,289.80; and
WHEREAS, the Chief Financial Officer has certified that sufficient funds are available to pay for said services from 05-201-02-007-299.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Municipality of Princeton, County of Mercer, State of New Jersey, as follows:
1. The Mayor and Council, or their designee, hereby authorize the first amendment to the agreement originally authorized by Resolution 25-204 on June 9, 2025, to increase the not to exceed amount by $40,289.80 for a new not to exceed amount of $200,289.80.
2. All remaining provisions of the original agreement not otherwise amended by or inconsistent herewith shall remain in full force and effect.
3. This Resolution, when countersigned by IPS Group, Inc., shall serve as the first amendment to the original agreement between the parties.
4. Notice of this action shall be published in the official newspaper as required by law.
5. A copy of this resolution will be kept on file in the Office of the Clerk.
ATTEST: MUNICIPALITY OF PRINCETON
By: _____________________________ By: _____________________________
ATTEST: IPS GROUP, INC.
By: _____________________________ By: _____________________________ ...
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