Title
Authorize Renewal Option No. 1 to the contract for Bid No. 2018-046, Annual Contract for Internet Auctioning Services, through BuyBoard Contract No. 541-17, sponsored by the Texas Association of School Boards, for a commission of 7.5 percent of gross sales with Rene’ Bates Auctioneers, Inc., and authorize the City Manager to exercise Renewal Option No. 2 in year three of the contract, subject to annual appropriation of sufficient funds, as provided in the terms of Bid No. 2018-046.
Body
Name of Department
Finance
Project/Budgeted Amount
Varies
Sum of Bid/Bid Amount
Varies
City Council approved the utilization of online auctions, for a commission of 7.5 percent of gross sales on February 19, 2018. Approval of this item authorizes the first of the two renewal options. In addition, this amendment will authorize the City Manager to exercise Renewal Option No. 2 in year three of the contract, subject to annual appropriation of sufficient funds.
Financial Implications
Funding will be received from gross sales at a commission of 7.5 percent for online auctions of disposal of surplus and confiscated property.
Recommended/Desired Action
Staff recommends approval of Renewal Option No. 1 to Rene’ Bates Auctioneers, Inc and authorize the City Manager to exercise Renewal Option No. 2 in year three of the contract, subject of annual appropriation of sufficient funds.
Drafter
Ryan Williams
Head of Department
Debbie Mol