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<br />Agreement with Auctions Plus <br />to Provide Auctioneer Services <br />May 2, 2005 <br />Page 2 <br /> <br />Auction Company: Location: <br /> <br />Rating: <br /> <br />Cost: <br /> <br />Auctions Plus Garden Grove <br /> <br />80 <br /> <br />No cost to the City, <br /> <br />General Auction Co, Buena Park <br /> <br />59 <br /> <br />15 percent commission, <br />$45,00 per hour for <br />transportation services, <br /> <br />Auctions Plus received the highest score and submitted the lowest cost <br />proposal, Auctions Plus will not charge the City a fee or commission for <br />auctioneer services, They will charge an auction fee of 10 percent of the <br />sale price for vehicles and equipment and 15 percent of the sale price on <br />miscellaneous surplus items, to be collected from the buyers of City <br />property at the time of sale, The proposal from Auctions Plus is responsive <br />to the specification and meets the City's requirements, <br /> <br />FISCAL IMPACT <br /> <br />There will be no charges to the City for auctioneer services. Revenue <br />from the sale of surplus City items will be deposited in the Equipment <br />Replacement account (account no, 76-01-5715) and the General Fund <br />account (account no. 11-01-5651) <br /> <br />i~ <br /> <br />'=t~""... ~ ""'A'-> ~~ <br /> <br />Francisco Gutierrez f.J <br />Executive Director <br />Finance & Management Services <br /> <br />Agency <br /> <br />25F-2 <br />