City Council

F. Lease Renewal with Ricoh USA, Inc., for Print Goods and Services The City currently utilizes Ricoh USA, Inc. to lease six copiers and one wide format machine for print, copy, scanning, and fax services, including maintenance. The current Master Lease Agreement will expire September 2024. Renewal of the Master Lease Agreement for a 5 - year term would lock in a fixed monthly lease rate of $1, 795 or $ 107, 700 for the entire term, and reduced print fees for the entire term. Recommendation: That the City Council approve, authorize, and direct the City Manager to enter into a five- year agreement with Ricoh USA, Inc. for print goods and services, in an amount not -to -exceed $ 107, 700 for the entirety of the term.