City of Columbus - File #: 0607-2011

• File #: 0607-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/8/2011
• In control: Public Safety & Judiciary Committee
• On agenda: 4/25/2011
• Final action: 4/27/2011
• Title: To authorize the supplemental appropriation of $65,000.00 from the collection fund; to authorize and direct the City Attorney to modify and increase a contract with Capital Recovery Systems Inc.; to authorize the City Attorney to expend up to an additional Sixty-five Thousand Dollars for services rendered pursuant thereto; and to declare an emergency. ($65,000.00)

Date	Ver.	Action By	Action	Result
4/27/2011	1	MAYOR	Signed
4/27/2011	1	CITY CLERK	Attest
4/25/2011	1	Columbus City Council	Approved	Pass
4/25/2011	1	COUNCIL PRESIDENT	Signed
4/14/2011	1	Atty Drafter	Sent for Approval
4/14/2011	1	Auditor Reviewer	Reviewed and Approved
4/14/2011	1	CITY AUDITOR	Reviewed and Approved
4/14/2011	1	Atty Drafter	Sent for Approval
4/14/2011	1	CITY ATTORNEY	Reviewed and Approved
4/14/2011	1	Atty Drafter	Sent to Clerk's Office for Council
4/13/2011	1	FINANCE DIRECTOR	Reviewed and Approved
4/13/2011	1	Atty Drafter	Sent for Approval
4/13/2011	1	EBOCO Reviewer	Sent for Approval
4/13/2011	1	ODI DIRECTOR	Reviewed and Approved
4/11/2011	1	Finance Reviewer	Reviewed and Approved
4/11/2011	1	Finance Reviewer	Reviewed and Approved
4/11/2011	1	Finance Reviewer	Reviewed and Approved
4/8/2011	1	Atty Drafter	Sent for Approval

Explanation

Background:
Ordinance 0419-2010 was passed on 03/31/10 authorizing a contract between the Columbus City Attorney's Office and Capital Recovery Systems Inc. for the term 04/01/10 through 03/31/11 and for the maximum amount of $300,000.00. Collections have exceeded estimated amounts and this ordinance will authorize additional expenditures up to $65,000.00 for collection services. This will bring the total maximum of the contract to $365,000.00 during the term 04/01/10 through 03/31/11.

Contract Compliance Number:
Capital Recovery Systems Inc. 31-1570459 001, expires 01/12/12.

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 $65,000.00 from the collection fund; to authorize and direct the City Attorney to modify and increase a contract with Capital Recovery Systems Inc.; to authorize the City Attorney to expend up to an additional Sixty-five Thousand Dollars for services rendered pursuant thereto; and to declare an emergency. ($65,000.00)

Body

WHEREAS, Ordinance No. 0419-10 authorized the City Attorney to contract with Capital Recovery Systems, Inc. for the collection of certain of the City's accounts receivables for the period of 04/01/10 through 03/31/11 in the maximum amount of Three Hundred Thousand Dollars ($300,000.00); and

WHEREAS, collections by Capital Recovery Systems Inc. during the contract period have exceeded the original estimate; and

WHEREAS, it is in the City's interest to modify and increase the current contract with Capital Recovery Systems Inc. by Sixty-five Thousand Dollars ($65,000.00) to allow collections to continue and to waive the pr...