Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Surplus Auction topic
No spam. Unsubscribe anytime.
Packet proposes consignment auction agreement with Royal Auction Group for government surplus
Summary
The committee packet includes a proposed consignment agreement with Royal Auction Group to sell city surplus property online; key terms in the packet include no fees to the government, buyer's premiums of 10% on-site and 12% online, and payout to the city within 21 business days.
The committee packet presents a proposed consignment agreement between the City of Wadsworth and Royal Auction Group (RAG) to sell surplus municipal property. The agreement in the packet lists key operational terms: RAG will charge no fees to the government agency; RAG will charge buyers a premium of 10% on-site and 12% online; RAG will collect buyer funds and reimburse the city within 21 business days of the auction; buyers will be responsible for pickup and loading of purchased items; all assets are sold 'As‑Is/Where‑Is.'
The packet includes contact names and titles for RAG (Brandon Roy, President/CEO; George Frazier, VP/COO; Morgan Salus, Strategic Accounts Coordinator) and lists Bill Heckler in the city materials. The ordinance to authorize sale by consignment is identified as 'Legislation Request—suspend & call' in the packet; the materials include operational procedures and legal terms but do not record committee debate or a vote in the provided packet.
