Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Professional Recovery Consultants, Inc. (awarded pursuant to RFP 35-2018 - Debt Collection Services), and any other necessary documents, for performance of debt collection and related services, at a cost based upon a seventeen and eighty-five one hundredths percent (17.85%) contingency fee on amounts collected. [Div. of Revenue, Cook]
Summary
Authorization to execute an agreement with Professional Recovery Consultants, Inc. for third party collections of aged debt for EMS Billing and Lexserv Billing for a period of two (2) years with up to three (3) additional terms of renewal. LFUCG has historically contracted with an outside entity to continue collections on aged debt after a certain period of time. This contract will allow an outside agency to collect debts for EMS and Lexserv balances. There is no direct cost. Professional Recovery Consultants will receive 17.85% of old debt collected. (L0180-19)(Cook/O’Mara)
Budgetary Implications [select]: NO
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Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the multi-year Services Agreement, which is attached hereto and incorporated herein by reference, with Professional Recovery Consultants, Inc., which is awarded pursuant to RFP No. 35-2018 (Debt Collection Services), and any other necessary documents, for the performance of debt collection and related services, at a cost based upon contingency fees on amounts collected pursuant to the agreement at a rate of seventeen and eighty-five one hundredths percent (17.85%).
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL: