Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 24-457, authorizing the Executive to sign Amendment No. 2 with Rainier Title to provide Title Report Services
body
DEPARTMENT: Office of the Snohomish County Treasurer
ORIGINATOR: Alexander Lark
EXECUTIVE RECOMMENDATION: Ken Klein 10/21/24
PURPOSE: To increase the authorized limit of contract to pay for essential services
BACKGROUND: The amount authorized to pay Rainier title does not accommodate the 3 year extension approved and must be updated to pay for services rendered this year and services next year.
FISCAL IMPLICATIONS:
|
EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
636-5364138 |
$47,763.00 |
$50,000 |
$275,000 |
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TOTAL |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
636-3368600 |
$47,763.00 |
$50,000 |
$275,000 |
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TOTAL |
$47,763.00 |
$50,000 |
$275,000 |
DEPARTMENT FISCAL IMPACT NOTES: The Treasurer’s office has revenue offsets to cover the cost future transactions. The NTE amount is set at $275,000, any additional funds will be requested through a subsequent ECAF if needed.
CONTRACT INFORMATION:
|
ORIGINAL |
|
CONTRACT# |
RFP-007-21 BC |
AMOUNT |
$130,000 |
|
AMENDMENT |
1 |
CONTRACT# |
RFP-007-21 BC |
AMOUNT |
0 |
|
AMENDMENT |
2 |
CONTRACT# |
RFP-007-21 BC |
AMOUNT |
$275,000 |
Contract Period
|
ORIGINAL |
START |
08JUNE2021 |
END |
31DEC2023 |
|
AMENDMENT 1 |
START |
01JAN2024 |
END |
31DEC2026 |
|
AMENDMENT 2 |
START |
No Change |
END |
No Change |
OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by: Finance (Nathan Kennedy 10/21/24)