C7G - Approve Nanobubble Technology Park View Canal

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE SOLE SOURCE PURCHASE FROM MOLEAER INC. ("MOLEAER"), PURSUANT TO SECTION 2-367(D) OF THE CITY CODE, OF NANOBUBBLE TECHNOLOGY MAINTENANCE, EQUIPMENT, PARTS, SOFTWARE, SERVICES AND RELATED ITEMS TO IMPROVE WATER QUALITY WITHIN PARK VIEW CANAL; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AN AGREEMENT WITH MOLEAER FOR THE PURCHASE OF SUCH NANOBUBBLE TECHNOLOGY GOODS AND SERVICES, FOR AN INITIAL TERM OF ONE YEAR, WITH FOUR, ONE-YEAR RENEWAL OPTIONS, IN THE CUMULATIVE NOT-TO-EXCEED AMOUNT OF $1,382,973 ($1,045,733 IN YEAR ONE, FOR THE PURCHASE AND INSTALLATION OF THE EQUIPMENT AND OPERATIONS, AND $84,310 IN EACH OF YEARS 2-5, FOR OPERATIONS); AND FURTHER, AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE THE FINAL AGREEMENT WITH MOLEAER UPON CONCLUSION OF SUCCESSFUL NEGOTIATIONS.