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Genoptic submits bid for Mount Vernon red-light camera contract proposing revenue share
Summary
During a bid opening for a red-light camera enforcement contract, Genoptic Smart Mobility Solutions proposed a revenue-sharing model in which the company would keep 35% of monthly fine revenue and the city would retain 65%; the bidder did not submit a bid bond at the time of opening and said it would provide one later.
The Board of Estimate and Contract opened a bid on May 20 for a red-light camera enforcement contract and recorded an incoming bid from Genoptic Smart Mobility Solutions LLC, of Jupiter, Florida.
City staff read the bid information into the record and said Genoptic proposed a revenue-sharing model under which the company would keep 35% of total monthly fine revenue and the city would receive 65%. A staff member noted that the bidder indicated it would submit a bid bond at a later date and had issued an addendum explaining it had been unable to secure the bid bond at the time of opening.
The meeting transcript shows staff discussion about the revenue split and that the company would carry operating costs under the model. City officials said they would review the submission; no contract award or final acceptance was decided at the opening. The bid had been advertised in the Journal News and on the city's bulletin board and website, and the original opening had been extended from April 28 to May 5 before the current recordation.
