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Needles housing authority approves Sequoia contract to pursue ~ $20,000 in past‑due debts; commission questions clarified
Summary
The housing authority approved a contract with Sequoia Financial Concepts to collect roughly $20,000 in past due rent/charges; the company will take a commission (25% for pre‑suit collections, 35% if suit filed). Councilors probed how commission is calculated on partial recoveries and staff clarified the fee is a percentage of amounts actually recovered.
The Needles Housing Authority approved a proposal to hire Sequoia Financial Concepts to pursue roughly $20,000 in delinquent accounts dating back to 2021. Staff said the company has been successful with lien placement and tax‑return intercepts in other city work.
Staff described the fee structure: Sequoia will receive a 25% commission on recoveries prior to suit and 35% if the authority pursues…
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