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RESOLUTION NO. 2021-46R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS REJECTING THE SOLE BID RECEIVED FROM <br />DENBOW COMPANY, INC. IN RESPONSE TO AN INVITATION FOR <br />BIDS (IFB NO. 221-034)[FOR AN INDEFINITE DELIVERY INDEFINITE <br />QUANTITY AGREEMENT TO ASSIST THE SAN MARCOS ELECTRIC <br />UTILITY WITH LARGE ELECTRICAL UNDERGROUND <br />COMPONENTS; AND DECLARING AN EFFECTIVE DATE. <br />RTMF".- IN <br />1. The City received one bid in response to an Invitation for Bids (IFB No. 221-034) <br />for an Indefinite Delivery Indefinite Quantity agreement to assist the San Marcos Electric Utility <br />with large electrical underground components from Denbow Company, Inc.. <br />2. After review of the bid, the City determined that the bid exceeds the current amount <br />budgeted and that proceeding with an award of an Indefinite Delivery Indefinite Quantity contract <br />at this time is not in the City's best interest. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The bid received in response to IFB No. 221-034 for an Indefinite Delivery <br />Indefinite Quantity agreement to assist the San Marcos Electric Utility with large electrical <br />underground components from Denbow Company, Inc. is rejected. <br />PART 2. This resolution shall be in full force and effect immediately from and after its <br />passage. <br />ADOPTED on March 2, 2021. <br />ane H h/son <br />Mayor <br />At: <br />T m <br />ttI,, y K.- o& <br />_interim City Clerk <br />