2.-X. ID 26-603 Actions pertaining to IPS Group, Inc. as the Sole Source Original Equipment Manufacturer (OEM) for parking meter equipment, materials, supplies and components: 1. ***RESOLUTION - Authorizing an exception to the formal bidding procedures and award a Sole Source Product Purchase Contract with IPS Group, Inc. (Subject to Mayor's Veto) 2. Award a multi-year Sole Source Product Purchase Contract with IPS Group, Inc. for three years with provisions with the option for three one-year extensions thereafter, in an amount not to exceed $1,366,000 per year. 3. Authorize the Purchasing Manager or their designee, to execute all documents related to the Sole Source Product Purchase Contract with IPS Group, Inc.