. >> item #6 -- resolution approving the agreement between the city and olin corp. and sodium hypochlorite for, which is estimated to exceed $10 million pursuant to charter section 9 appointed11 -- section9.118b. >> one of purchasing's task is to establish term contracts to provide specific products for a specified time at prices determined through a competitive bidding process. this allows us to consolidate the needs of multiple departments to achieve economies of scale and it allows the department to utilize the contract and received best prices on an as-needed basis. because the estimate for this proposed contract exceeds $10 million, we are here before you seeking your approval. sodium hypochlorite is a mixture of sodium hydroxide and chlorine. it is an essential chemicals utilized to ensure the safety of public drinking water. it is also used for disinfecting water treatment equipment to meet government regulations and to disinfect with water by removing pathogen's before sending the water out to the day. this contract is critical to the city's water treatment