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CapMetro board approves up to $2.89 million for Oracle Fusion licensing
Summary
The CapMetro board unanimously approved a resolution authorizing the president and CEO to finalize Oracle Fusion Cloud licensing renewal for the agency's ERP system, with a base term of one year plus three option years and a total not to exceed $2,886,858.
The CapMetro board voted unanimously July 28 to authorize the president and CEO, or her designee, to finalize an Oracle Fusion Cloud licensing renewal in support of the agency’s Oracle enterprise resource‑planning system.
Jonathan Tanju presented the item, describing it as a licensing renewal with a base year and three option years totaling $2,886,858. The chair entertained a motion; the motion was moved by Board member Harris and seconded by Board member Bangor and the chair declared the vote unanimous.
What the board approved: the resolution authorizes staff to finalize the licensing agreement for a base term of one year with three option years and caps the total amount at $2,886,858. The staff presentation described the item as part of administrative functions supporting CapMetro's enterprise systems.
Context and next steps: The board's approval authorizes agency leadership to execute the renewal within the stated cap. The board did not amend the amount or term during the meeting; any subsequent contract execution details (vendor invoice schedule or option‑year exercise) will be handled by staff under the authorization.
