HomeMy WebLinkAbout22-88 RESOLUTION RESOLUTION NO. 22-88 S CA N N E D
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A CONTRACT WITH MWCS, INC.
FOR COLLECTION SERVICES.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Mayor and City Clerk are hereby autho-
rized and directed to execute a contract for collection services
with MWCS, Inc. A copy of said contract is attached hereto marked
Exhibit "A" and made a part hereof .
PASSED AND APPROVED this 5th day of April , 1988 .
APPROVED
By:
Mayo
90,444-4-a-r-i
tTr ..
AT�TESL1
• p mot.
, ()d,
By:
t Clerk
�OUN11' f..
AGREEMENT•
This AGREEMENT executed this / day of i//
19 0, by and between the City of Fayetteville, Arkansas, herein-
after called the "City" , and MWCS, Inc. , hereinafter called the
"Collection Agency" .
WHEREAS, the City of Fayetteville has solicited proposals for
services of a qualified collecting agency; and
WHEREAS, MWCS, Inc. , has submitted a proposal which has been
accepted by the City.
NOW, THEREFORE, THE CITY AND THE COLLECTION AGENCY HEREBY
MUTUALLY AGREE AS FOLLOWS:
1. The Collection Agency shall attempt to collect all past
due debts referred to the Agency by the City, including, but not
limited to, municipal court fines, water, sewer and sanitation
bills, and returned checks.
2. The Collection Agency shall deliver all collected debts
to the City of Fayetteville Administrative Services Division and
shall bill the City for the Agency' s commission.
3 . The City shall pay the Collection Agency a commission
equivalent to thirty per cent ( 30%) of all amounts collected after
the execution date hereof; provided, the commission for accounts
the Collection Agency forwards outside of its area to another
collection agency shall be forty per cent ( 40%) of the amount
collected.
4 . The term of this agreement shall be three ( 3 ) years from
the execution date hereof; provided, the City may terminate this
agreement at any time by giving the Collection Agency thirty ( 30 )
days written notice of termination.
5 . At all times during the term of the agreement, the
Collection Agency shall be duly licensed by the Arkansas Board of
Collection Agencies and shall be bonded in an amount and with a
company approved by the City.
_2_
IN WITNESS WHEREOF, this Agreement has been executed on the
date first above written.
CITY OF FAYETTEVILLE, ARKANSAS
By:
Mayor ()eff°4-4A-4-43----.
ATTEST
/
By:
Ci y lerk
MWCS, INC.
BY: % 7a4-((Ll.hr2-* b . WJL
Title:
ATTEST
By,v.,isAvNIL_S2/1/44/4,4.12J
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