SUBJECT
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Consideration to renew annual service contract FY21-080 with General Revenue Corporation, Mason, OH, for Delinquent Collection Services for the Utilities Department. Collection costs/commission will be for a 12% commission rate. The term of this contract shall be for a period of one year beginning as of the date of its execution. This contract can be renewed one additional one-year extension period, upon mutual agreement of the parties. Funding is available in the Waterworks Fund.
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PREVIOUS COUNCIL ACTION
Approved a one-year contract on 3/20/23.
BACKGROUND
This contract establishes a Collection Costs/Commission a 12% Commission Rate for delinquent collection services for the Utilities Department. The term of this contract shall be for one (1) year. This is the second of three one (1) year extension periods.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
It is recommended that this contract be renewed.
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Fiscal Impact
Fiscal Year: 2024.
Budgeted Y/N?: Yes.
Source of Funds: Collections.
Account #: 557-4115-534-0405
Change Order: Exceeds 25% Y/N: No.
FINANCIAL IMPACT:
Funding is available in the Waterworks Operation Budget. Payments will be on commission basis of the amount collected.