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File #: 14-4007    Version: 1 Name: Purchase Goods For Resale - Summit & RJC
Type: Agenda Item Status: Consent Agenda
File created: 8/22/2014 In control: Parks & Recreation
On agenda: 9/2/2014 Final action: 9/2/2014
Title: Authorize City Manager to purchase goods for retail resale from Ben E. Keith for The Summit and Ruthe Jackson Center in an amount not to exceed $103,999 for FY 2014/2015.
Attachments: 1. Operating Expenditure Form - Summit & RJC
From
Gary Yakesch, Parks & Recreation Business Operations Manager
 
Title
Authorize City Manager to purchase goods for retail resale from Ben E. Keith for The Summit and Ruthe Jackson Center in an amount not to exceed $103,999 for FY 2014/2015.
 
Presenter
Rick Herold, Director Parks, Arts, & Recreation
 
Recommended Action
Approve
 
Analysis
Chapter 252.022 of the Local Government Code authorizes local governments to exempt expenditures from competitive bidding for goods purchased for retail resale.  The City Of Grand Prairie does not need to competitively bid these items as they will be used for retail sales at the Summit and Ruthe Jackson Center. Expenditures in these areas are directly tied to revenue generation in the retail function.  Thus as retail revenues increase so do costs associated with the procurement of these resale goods.  FY 2014/2015 revenues for both the Summit and Ruthe Jackson Center are projected to be $214,000.
 
Financial Consideration
Funding  to purchase goods for retail resale from Ben E. Keith for The Summit and Ruthe Jackson Center, in the amount not to exceed 103,999, is available in the FY 2014/2015 Ruthe Jackson Center (AU 351110) and The Summit (AU 351710) operating budget in the Park Venue Fund.