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AG 2006 08 21
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AG 2006 08 21
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Last modified
8/24/2006 1:40:13 PM
Creation date
11/27/2017 11:33:43 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/21/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />3.1 Provide on-site support and resources required to access the GovDeals Auction <br />Server via the Internet; <br />3.2 Make sufficient personnel related to surplus property disposal available for training, <br />implementation, and initial data entry; <br />3.3 Cooperate with marketing campaigns, including providing a mailing list of prior <br />auction customers, if available; and <br />3.4 Utilize GovDeals Auction Server and on-line auction capabilities during the term of <br />this Agreement by: <br />3.4.1 Listing assets for sale on the GovDeals auction service; <br />3.4.2 Completing sales transactions for assets sold via this service; <br />3.4.3 Not selling through some other means any item for which it has received a <br />winning bid via GovDeals for the specific purpose of avoiding the GovDeals <br />fee; and <br />3.4.4 Not engaging, directly or indirectly, in any activities intended to manipulate <br />or interfere with the bidding process. <br /> <br />4.0 Fees: For any item that is sold as a result of posting it to the GovDeals web site, the <br />following fees apply: <br />4.1 Where a single auction item does not yield greater than $100,000 in a winning bid, <br />Client agrees to pay GovDeals a fee of seven and one-half percent (7.5%) of the <br />winning bid, but not less than $5.00. <br />4.2 Where a single auction item yields greater than $100,000, but does not yield greater <br />than $500,000 in a winning bid, Client agrees to pay GovDeals.a fee of seven and <br />one-half percent (7.5%) ofthe winning bid up to $100,000 plus five and one-half <br />percent (5.5%) ofthe winning bid that is in excess of $100,000 up to $500,000. <br />4.3 Where a single auction item yields greater than $500,000 in a winning bid, Client <br />agrees to pay GovDeals a fee of seven and one-half percent (7.5) of$100,000 of the <br />winning bid; plus a fee of five and one-half percent (5.5%) of $400,000 of the <br />winning bid, plus a fee of three and one-half percent (3.5%) ofthe amount in excess <br />of$500,000 of the winning bid. <br />4.4 On occasion, and apart from initial training, Clients request GovDeals to supply on- <br />site assistance to quickly move large amounts of items that have accumulated over <br />a period of time. For this service, and upon mutual agreement between GovDeals and <br />the client, an additional fee will be charged over and above the normal fee schedule <br />shown in 4.1, 4.2 and 4.3 above. For this mutually agreed upon additional fee, <br />GovDeals will go to the Client's site and record asset descriptions, take pictures, load <br />assets to the auction site, and set auction dates. Assets must be arranged in such a <br />manner as to allow GovDeals personnel access to the assets for recording <br />descriptions and taking pictures. If assets are not arranged in the proper manner, <br />Client will provide personnel to assist the GovDeals representatives in arranging the <br />assets for proper presentation. In order to exercise this option, Client must request <br />and agree to the additional fee in writing. This fee does not apply to assets used in <br />the initial training and will not apply when the Client processes its own assets. <br /> <br />5.0 Pavment: <br />GovDcals Sellers Agreement -V.4.5 - 2.25.05 <br /> <br />Page 3 <br /> <br />Copyright 2001, GovDcals, Inc. <br /> <br />-F--(P <br />
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