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Resolution of the Mayor and Council of Princeton Authorizing an Increase of $65,000.00 to the Contract with Jen Electric, Inc. for Traffic Signal Maintenance Services for a New Not to Exceed Amount of $107,040.00 for the January 1, 2025 through December 31, 2025 Term
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WHEREAS, on December 13, 2021, the Municipality of Princeton passed Resolution 21-376 awarding a bid to Jen Electric, Inc. for Traffic Signal Electrical Maintenance Services for a term of twenty-four months from January 1, 2022, until December 31, 2023, for an initial contract amount of $84,080.00; and
WHEREAS, pursuant to the Bid Specifications and Agreement between the Municipality and Jen Electric, Inc., the initial term of the contract was twenty-four months from January 1, 2022, until December 31, 2023, and may be extended for up to two (2) additional one (1) year terms; and
WHEREAS, by Resolution 23-303 adopted on September 26, 2023, the Municipality of Princeton extended the contract for the first additional one (1)-year term, from January 1, 2024, until December 31, 2024, for an amount not to exceed $42,040.00 for the first one-year term, resulting in a not to exceed amount of $126,120.00 for the overall contract term from January 1, 2022, through December 31, 2024; and
WHEREAS, by Resolution 23-317 adopted on October 9, 2023, the Municipality of Princeton authorized a supplement to the contract in the amount of $8,408.00, for a new amount not to exceed $92,488.00 for the initial term, resulting in a not to exceed amount of $134,528.00 for the overall contract term from January 1, 2022, through December 31, 2024; and
WHEREAS, by Resolution 24-31 adopted on January 8, 2024, the Municipality of Princeton authorized Change Order #1 to increase the contract amount by $28,365.88, resulting in a not to exceed amount of $162,893.88 for the overall contract term from January 1, 2022, through December 31, 2024; and
WHEREAS, by Resolution 24-256 adopted on August 26, 2024, the Mu...
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