HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: (j Jr 0 110-7
Date: 9/13/2005 Requesting Department: Finance
Commission Meeting Date: 10/27/2005 District Impacted: NIA
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Delinquent Debt Collection Services
Purpose of Item:
It is recommended that the City Commission authorize the City Manager to negotiate and execute the
attached Agreement with Penn Credit Corporation, the top ranked firm, to provide Delinquent Debt
Collection Services, for a period of two (2) years, with the option to extend for two (2) additional two
(2) year periods,
Background Information:
The City issued RFP 04-05-055 for Delinquent Debt Collection Services, and eight (8) proposals were
received. An Evaluation Committee (Committee) created by the City Manager reviewed and
evaluated the proposals, and ranked Penn Credit Corporation as the top ranked firm, and
recommended the City negotiate and execute an Agreement with Penn Credit Corporation. Should
negotiations fail with the top ranked firm, the Committee recommended the City negotiate and
execute a contract with Financial Asset Management Systems, the second ranked firm, and Mercantile
Adjustment Bureau, the firm ranked third, respectively. These delinquent collection services are
utilized to bill and collect from persons or entities on a number of delinquent accounts owed to the
City.
Budget Impact Analysis
YES Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: 001000.260301.6.270
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP BudgetJ)l ' T 1 -
If using or receiving capital funds
Grants — Risk Manageme
Purchasing "1", ` `ept. Director
Chief City Manager
A do
oviriv 111!
(solos
qfrolet