Explanation
BACKGROUND: 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, 2011 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 (GDC042Z).
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 and extended by Ordinance #1704-2008 and #0155-2009 and will expire on March 31, 2010. Revenue from surplus sales exceeded $1.1 mil in 2009.
The Purchasing Office recommends a contract be established with AssetNation, Inc. based on the State's cooperative contract. This contract is in effect until March 31, 2011 and may be extended at the discretion of DAS. City Ordinance #582-87 authorizes the use of DAS cooperative contracts by the City.
AssetNation, Inc. CC# 943345105 Expires January 27, 2011
Estimated Annual Expenditure: There is no annual expenditure to use this service.
These companies are 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, no less than 37 days will be added to this procurement cycle and the efficient delivery of valuable public services will be slowed. The disposition of city assets via this mechanism has been significantly enhanced by on-line sale. Keeping the continuity of this mechanism in place will allow the city to continue this program....
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