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Exhibit 1 - Agenda Information SheetCity of Denton _____________________________________________________________________________________ AGENDA INFORMATION SHEET DEPARTMENT: Procurement & Compliance CFO: Antonio Puente, Jr. DATE: November 12, 2019 SUBJECT Consider adoption of an ordinance of the City of Denton, a Texas home-rule municipal corporation, authorizing the City Manager, or his designee, to execute a contract through the TXMAS Cooperative Purchasing Network Contract Number TXMAS-18-00CORP12 for managing live online vehicle and equipment auctions for disposal of City of Denton fleet assets and Police Department impound vehicles; providing for the expenditure of funds therefor; and providing an effective date (File 7212 - awarded to IronPlanet Inc. dba GovPlanet, for one (1) year, with the option for two (2) additional one (1) year extensions, in the total three (3) year). INFORMATION /BACKGROUND This item is for contracted online vehicle and equipment auction services through IronPlanet, Inc. dba GovPlanet, for the disposal of City fleet assets that have reached the end of their useable lifecycle. The City sells approximately 100 fleet assets annually with proceeds going back to the general fund and utility department replacement funds, respective of vehicle ownership. The current process requires considerable staff time to photograph and describe every auction unit, schedule and show them to potential bidders, process paperwork, and serve successful buyers and the end of each auction. Vehicles wait in a queue until staff can process them for the next auction. IronPlanet, Inc. dba GovPlanet offers a turnkey solution for an ongoing auction process with minimal involvement from City employees. The tailorable solution has a robust reporting capability for management of asset disposal through weekly live online auctions to a global audience of 2.4 million registered buyers. The fee structure for this service is 6.5% of net proceeds (1% less than the current provider charges). Timely disposal of vehicles and equipment results in increased auction proceeds and frees valuable parking/storage space. Pricing obtained through the TXMAS Cooperative Purchasing Network TXMAS-18-00CORP12 has been competitively bid and meets the statutory requirements of Texas Local Government Code 271.102. RECOMMENDATION Award a contract with IronPlanet, Inc. dba GovPlanet, for managing live online vehicle and equipment auctions for disposal of City of Denton fleet assets and Police Department impound vehicles, in the one (1) year, with the option for two (2) additional one (1) year renewals, in the total three (3) years. City Hall 215 E. McKinney Street Denton, Texas www.cityofdenton.com PRINCIPAL PLACE OF BUSINESS IronPlanet, Inc. dba GovPlanet Ft Worth, Texas ESTIMATED SCHEDULE OF PROJECT The term of the contract will be for one (1) year, with two (2) additional one (1) year renewals. FISCAL INFORMATION The contracted auction service will be funded through sale proceeds. EXHIBITS Exhibit 1: Agenda Information Sheet Exhibit 2: TXMAS Contract Details Exhibit 3: Ordinance Respectfully submitted: Lori Hewell, 940-349-7100 Purchasing Manager For information concerning this acquisition, contact: Terry Kader, 940-349-8729. Legal point of contact: Mack Reinwand at 940-349-8333.