Explanation
Background:
Ordinance 0419-2011 was passed on 04/07/11 authorized two contracts for the term 04/01/11 through 03/31/12 between the Columbus City Attorney's Office and Capital Recovery Systems Inc. and for the maximum amount of $300,000.00 and Linebarger, Goggan, Blair & Sampson, LLP for the maximum amount of $200,000.00. Collections have exceeded estimated amounts and this ordinance will authorize additional expenditures up to $57,000.000 for collection services by Capital Recovery Systems Inc. and additional expenditures up to $200,000.00 for collection services by Linebarger, Goggan, Blair & Sampson, LLP.
This will bring the total maximum of the contracts to $357,000.00 for Capital Recovery Systems Inc. and $400,000.00 for Linebarger, Goggan, Blair & Sampson, LLP. All other terms and conditions of the contracts will remain unchanged.
Contract Compliance Number:
Capital Recovery Systems Inc. 31-1570459-001, expires 01/12/12.
Linebarger, Goggan, Blair & Sampson, LLP 74-2864602-001, expires 06/02/12.
Fiscal Impact:
This contract is self-funding and collections far exceed the amount paid to the collection firm. The fees paid under this contract are 30% of the first $30,000.00 collected and 10% of any additional amounts collected on a specific claim.
Emergency action is requested to allow for the uninterrupted continuation of the collection program.
Title
To authorize the supplemental appropriation of $257,000.00 from the collection fund; to authorize and direct the City Attorney to modify and increase contracts with Capital Recovery Systems Inc. and Linebarger, Goggan, Blair & Sampson, LLP; to authorize the City Attorney to expend up to an additional Two Hundred Fifty-seven Thousand Dollars for services rendered pursuant thereto; to waive the provisions of competitive bidding, and to declare an emergency. ($257,000.00)
Body
WHEREAS, Ordinance No. 0419-11 authorized the City Attorney to contract with Capital Recovery Systems, Inc. for th...
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