4.2 14-0659 Subject: Contract Award And Spending Authority To IPT LLC "PayLock" From: Finance Department Recommendation: Adopt A Resolution Authorizing The City Administrator To (1) Award A Professional Services Agreement To IPT LLC ("PAYLOCK"), In An Amount Not To Exceed Six Hundred Ninety Thousand Dollars ($690,000) For Three (3) Years ($230,000 Per Year) With Two (2) One-Year Options To Renew, To Provide Vehicle Immobilization/Boot Release Services For The City Of Oakland; And (2) Authorizing Collection And Appropriation Of Transaction Fees Imposed Upon Release Of The Vehicle Immobilizing Boot In Addition To The Motorist's Outstanding Citation In An Annual Amount Not To Exceed Two Hundred Thirty Thousand Dollars ($230,000) For Payment To Paylock Under Such Professional Services Agreement; On The March 24, 2015 Finance And Management Committee Agenda