City Council

(41) 11­1943 COMMUNICATION FROM THE BOARD OF WATER AND POWER COMMISSIONERS (Board) relative to Board Resolution No. 024­212, which approves Amendment No. 9 to Agreement No. 47553­7 with International Business Machines Corporation (IBM) for software subscription and support, and monthly license charge software. Recommendation for Council action: CONCUR with the Board action of June 11, 2024, ResolutionNo. 024 212, which approves Amendment No. 9 to Agreement No. 47553­7 with IBM Corporation for Software Licensing, Software Subscription and Support, and Monthly License Charge Software. Fiscal Impact Statement: The City Administrative Officer reports that there is no impact to the General Fund. Approval of the proposed Amendment No. 9 increases the not­to­exceed amount by $40,284,247, from $79,428,464 to $119,712,711 and is funded by LADWP’s Power Revenue Funds.