Explanation
BACKGROUND: This ordinance is for the option to purchase On-Line Surplus Auction Services from AssetNation, Inc. the State Contract Vendor and authorized fiscal agent by the Columbus Depository Commission. The term of the proposed option contract would be through March 31, 2014 with an option to extend for two (2) one year periods contingent on the extension of the Ohio Department of Administrative Services (DAS) Cooperative Contract (RS902612).
Columbus City Code Section 329.30 provides for the sale of city-owned personal property and authorizes the Finance and Management Director to sell surplus property. The Purchasing Office conducted research regarding on-line auctions and has determined that the use of the services offered by AssetNation, Inc. is in the best interests of the City. This replaces a similar contract authorized by Ordinance #0201-2010 which produced positive results of revenue exceeding $750,000 to the City in 2011 and expired on March 31, 2012.
The Purchasing Office recommends a contract be established with AssetNation, Inc. based on the State's cooperative contract (RS902612) currently in place for on-line auction services. This contract is in effect until March 31, 2014 and may be extended at the discretion of DAS. City Ordinance #582-87 authorizes the use of DAS cooperative contracts by the City.
This contract is not exclusive. Therefore, the City can purchase similar services from other providers.
AssetNation, Inc. CC# 943345105 Expires August 31, 2012
Estimated Annual Expenditure: There is no annual expenditure to use this service.
This company is not debarred according to the Federal Excluded Parties Listing or the State Auditor's Findings For Recovery Database.
This ordinance is being submitted as an emergency because, without emergency action the disposition of city assets via this mechanism will be significantly reduced. Keeping the continuity of this mechanism in place will allow the city to continue t...
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