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HomeMy WebLinkAbout052006-R4 - General - Contract - Transit Asset Management LLCCSC No. 52006-R4 CITY OF FORT WORTH CONTRACT RENEWAL NOTICE May 28, 2026 Transit Asset Management, LLC Attn: Legal Department 760 Lynnhaven Parkway, Suite 203 Virginia Beach, VA 23452 Re: Contract Renewal Notice City Secretary Contract No. 52006 (the "Contract") Renewal Term No. 4, October 1, 2026 to September 30, 2027 The above referenced Contract with the City of Fort Worth expires on September 30, 2026 (the "Expiration Date"). Pursuant to the Contract, contract renewals are at the sole option of the City. This letter is to inform you that the City is exercising its right to renew the Contract for an additional one (1) year period, which will begin immediately after the Expiration Date. All other terms and conditions of the Contract remain unchanged. Please return this signed acknowledgement letter, along with your quote for charges for the new renewal term, and current insurance certificate, to the address set forth below, acknowledging receipt of the Contract Renewal Notice. To ensure that your company information is correct and up-to-date, please log onto PeopleSoft Purchasing at https://www.fortworthtexas. og v/departments/fmance/purchasing_. If you have any questions concerning this Contract Renewal Notice, please contact us at the email address listed below. Sincerely, City of Fort Worth IT Solutions I Finance I Contracts 100 Fort Worth Trail, Fort Worth, TX 76102 zz IT_ Finance _ Contracts(�fortworthtexas. gov OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Contract Renewal Page 1 of 2 [Executed effective as of the date signed by the Assistant City Manager below.] / [ACCEPTED AND AGREED:] City: By: Dianna Giordano (Jun 30, 2026 12:42:56 CDT) Name: Dianna Giordano Title: Assistant City Manager Date: 06/30/2026 Transit Asset Management, LLC By: z�C"f' Name: Dan Levy Title: Date: President 06/19/2026 CITY OF FORT WORTH INTERNAL ROUTING PROCESS: Approval Recommended: By: Name: Kevin Gunn Title: Director, IT Solutions Approved as to Form and Legality: r By: Candance agliara (Jun 30, 2026 09:31:21 CDT) Name: Candace Pagliara Title: Sr. Assistant City Attorney Contract Authorization: M&C: N/A Approval Date: N/A Form 1295: N/A Contract Compliance Manager: By signing I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. By: Steven Vandever (Jun 23, 2026 10:04:44 CDT) Name: Steven Vandever Title: Sr. IT Solutions Manager a4444�R nna City Secretary: ° rodad 0 pro g d Ovo o=v aaa °d00 Pda*'oo 000 ' oo d b r°nE45aQa By: Name: Jannette Goodall Title: City Secretary OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Contract Renewal Page 2 of 2 FASTER Quote Transit Asset Management PO Box 844789 CID 253 Quote # 4215 Boston, MA 02284 Created Date May 27, 2026 United States Expires Jul 26, 2026 T: 4023055850 Contact Eric Cronin Prepared for City of Fort Worth, TX Laura McClean 275 W 13th St Fort Worth, TX 76102 United States T: (817) 392-5101 E: laura.mcclean@fortworthtexas.gov 2026 FASTER Web Annual Upgrades & Support Price Quote Annual Support - FASTER Fleet Maintenance Software Site License: Annual Fees Category Item Qty Price Total SUPPORT and FASTER Web Support 1 $75,618.56 $75,618.56 MAINTENANCE Manufacturer: Faster Asset Start Date: Oct 1, 2026 End Date: Sep 30, 2027 Please contact us if you have any questions. Total Annual Support And Maintenance $75,618.56 USD Cost Breakdown Category Annual Fees SUPPORT and MAINTENANCE $75,618.56 Total $75,618.56 USD Start Date: Oct 1, 2026 End Date: Sep 30, 2027 FASTER Asset Solutions strives to provide our customers with superior service and the highest value for their fleet management software investment. We are pleased to let you know that we are able to limit the annual increase for support and software maintenance to 3% for the next twelve months. This increase allows us to maintain the level of quality support we have demonstrated for more than four decades. ***Please note this quote does not reflect any changes to your account after the date noted in the quote, and any changes could affect your Annual Support** Transit Asset Management - Quote # 4215 1 / 2 Quote Sue Smith Customer Service & Process Administrator FASTER Asset Solutions phone: 757.623.1700 x2020 web: www.FasterAsset.com Transit Asset Management - Quote # 4215 2/2 FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: Transit Asset Management, LLC Subject of the Agreement: Fourth Renewal to CSC 52006 of Transit Asset Management, LLC M&C Approved by the Council? * Yes ❑ No M If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No 0 52006-R4 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No 0 If unsure, see backpage for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No 0 If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: If different from the approval date. Expiration Date: September 30, 2026 If applicable. Is a 1295 Form required? * Yes ❑ No ED *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes 0 No ❑ Contracts need to be routed for CSO processing in the followingorder: rder: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department.