Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 20-103    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 5/4/2020 Final action: 5/4/2020
Title: A Resolution Approving a Three Year Lease Agreement and a Three Year Maintenance Agreement with Xerox Financial Services LLC and Chicago Office Technology Group Respectively for Copier and Printer Equipment at a Cumulative Three Year Cost Not to Exceed $108,000.00 and Authorizing Execution of the Agreements
Attachments: 1. Resolution COTG, 2. XFS Lease Documents, 3. COTG Service Contract, 4. RFP COPIER2020, 5. COTG Proposal to Village, 6. COTG Attachment E (Cost Options)
Submitted By
Steven Drazner, CFO

Reviewed By
LKS

Agenda Item Title
Title
A Resolution Approving a Three Year Lease Agreement and a Three Year Maintenance Agreement with Xerox Financial Services LLC and Chicago Office Technology Group Respectively for Copier and Printer Equipment at a Cumulative Three Year Cost Not to Exceed $108,000.00 and Authorizing Execution of the Agreements

End
Overview
Overview
The Village's existing three year lease agreement with Xerox Financial Services (XFS) and maintenance agreement with COTG is scheduled to expire on May 31, 2020 and all equipment in our possession under this lease must be returned to XFS no later than this date.

The existing agreement covers the lease of twenty-five units of copiers and printers used throught the village located at Village Hall, Public Works, and the Fire Stations. However, the Village will now own eight local printers upon termination of the old lease and therefore, only seventeen pieces of new copier equipment are required under the new lease.

Body
Staff Recommendation
Approve the Resolution

Fiscal Impact
Estimated at $36,000 in combined annual lease payments and per copy charges. This includes a fixed monthly payment of $1,705.47 under the new lease agreement and a variable estimated monthly amount of $1,300 for per copy costs which also includes all necessary maintenance and supplies (excluding paper) for the leased equipment.

This expense has been budgeted in Finance Department External Support #1001.41300.101.530667.

Background
In anticipation of the approaching lease expiration date with Xerox/COTG, a request for proposal was prepared for the replacement of the existing leased equipment with similar equipment. The RFP was directly distributed to certain vendors as well as placed on the Village's website and Demand Star. There was a great deal of interest in this RFP and a total of twelve responses were received from the following vendors:

a) Marco
b) Gordon Flesch
c...

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