Hires Bay City Surplus to sell surplus district property, with its pay capped at $30,000
Bay City Surplus will sell property the district has declared surplus and return the sale proceeds within 30 days, minus its compensation under the agreement. The proceeds go to the district's Reserve or General Fund, or back to the fund that bought the item. Bay City Surplus's total compensation is capped at $30,000, and it is taken from sale proceeds rather than paid separately. The term is October 13, 2021 to June 30, 2022.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
- Vendor / partner
- Bay City Surplus · Martinez, CA
- Action
- New agreement
- Category Categories and sub-categories are assigned by AI from each item's official text, using a fixed set of definitions. They can be wrong. How categories work
- Food, transportation & operations
- Term
- Oct 13, 2021 – Jun 30, 2022
- This vote
- $30,000
- Presented by
- Chief Financial Officer
- File
21-1862· agendaV.-3- Outcome
- Not yet acted on
Official text
Approval by the Board of Education of a Services Agreement 2021-2022 by and between the District and Bay City Surplus (BCS), Martinez, CA, for the latter to sell declared surplus property of the District referred by the Risk Management Department (RMD), with BCS returning within 30 days the proceeds of the sale of the surplus property to the District via the RMD, minus compensation pursuant to terms and conditions stated in Agreement, for deposit by the RMD into the District’s Reserve or General Fund or credit to the fund from which the property was originally purchased (Education Code Section 17547), with BCS cumulative compensation not to exceed $30,000.00, for the term October 13, 2021 through June 30, 2022.