HomeMy WebLinkAboutContract 2348 ti
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Propertyroom.com's Trial or Test Disposition Services Agreement
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This Trial ! TEST BASIS Services Agreement dowrnents an arrangement between
PropertyRoom. cart (PRC) and The Columbia Heights Police Deparbnent br purposes of
pern an evaluation period for testing new PRC services being made available to the Client
The Agreement is modified as blows
Term and Termination: The term of this Service Agreement will be issued for 6 months
on a TRIAL / TEST BASIS. After the first 6 month the Service Agreement will auto -renew for one .
year unless there is a 30 day written notice for termination without cause by either Party.
1. Method of Selling Property.
a. Portable Property items. PRC will, on Owners behalf, pick -up, store and list Property for sale by
auction to the public an the interns on one or more domain names selected by PRC. To the extent
that any Property is not sold by auction, PRC may, in any commercially reasonable manner
selected by PRC, dispose of Property. PRC will determine all aspects, terms and conditions of
auctions of Property and &positions of Property not purchased at auction, subject to the ultimate
control of Owner. PRC will be responsible for all phases of submitting the Property for auction.
including, but not limited to, deiiog when Property will be auctioned. setting the opening and
reserve prices of Property, if arty; determin ng the selling peace, setting the length of time Property
will be auctioned; creating text and graphics to describe and depict Property submitted for anal=
collecdog SBuyes inforneetion (such as name, bitting address, shipping address, and credit card
information); approving Buyer credit card purchase transactions; and collecting auction proceeds
. for completed sales from Buyers. NC shall use reasonable commercial affirm in auctioning and - -
selling the Property on the Internet and disposing of Property that does not sell at auction. PRC .:. •
shall sell and dispose of all Property as err' without any liability to the Owner. PRC is solely
responsible for identifying and resolving sales and use tax collection issues arising from Property
sales, including the necessity of charging and collecting such taxes.
2. Allocation of Sales Proceeds.
a. Portable Property Items
(1) Sake Price. The total amount paid by Buyer shall be called the "Sales Prize." The Sales Price
shall include the winning bid amount (the "Winning Bid') and all costs, shipping and
handling charges, taxes, and insurance costs associated with the transaction and paid by
Buyer.
(2) The Split. For each hem of Property, Owns will be credited with 50% of the first $1,000 of
the Winning Bid and 75% of the Winning Bid portion, if any, that exceeds $1400. From this
amount, the Owner's pro rata share of transaction fees ( the "Processing Costs'), if any, will be
deducted.
(3) Processing Costs. Credit card processing costs ("Credit Card Cost") and affiliate processing
fees (the "Affiliate Fees," which include commissions and processing costs paid to third
parties IF they sent the winning bidder to the website), will be borne by Owner and PRC in
proportion to the percentage of the revenue credited to the parties for each underlying
transaction.
(4) Net Proceeds. Amounts received by the Owner will be called "Owner's Net Proceeds'.
Portable Item $sample. The following example illustrates allocation of proceeds from a Portable
Property Item sale. Assume an hem of Property sells at auction fora $100 Wining Bid; the Buyer • - . .
pays shipping and handling of $10, insurance of $2, and sales tax of $6. The Buyer pays the Sales - • -
Price of $118.00 ($ 100 + $10 + $2 + $6) by credit card, and the Credit Card Cost is 3% of the
Sales Price or 53.54 (0.03 x $115) and the Aerate Fee is 42% or $4.80 (0.048 x 5100). The
Owner and PRC each share 50% of the underlying Winning Bid. therefore Credit Card Costs and
Affiliate Fees are also shared equally, $1.77 each (53.54 + 2) for Credit Cost and $2.40 each
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• ($4.80 + 2) for Affiliate Fees. The Owner's Net Proceeds are $45.83 ($50.00 less $4.17). Note
less than 1 out of 10 transactions include Affiliate Fees.
(5) Fuel Sereherge. The Company does NOT charge pick-up fees. Instead, a fuel snrcharg
applies per Portable Item moldiest when diesel prices rise above a specific level as shown in
the Fad Surcharge Schedule below. The Company benchmarks average diesel retail prices as
published online by the Energy Infosmaaon Administration of the US Department of Energy
and reels its fuel surcharge quarterly based on pricing from the prior quarter. Peel
surcharges, if any, deduct from monthly Owner's Net Proceeds.
Fuel Surcharge Schedule
Retell Diesel:(taer sin . Fuel Snrcherne': ; -
Less than $2.50 S 0.00
$ 250 to $ 2.99 $ 12.40
S 3.00 to $ 8.49 $ ' 24.80
S 350 to $ 3.99 S 37.20
S 4.00 to $ 4.49 $ 49.60
S 450 to S 499 S 62.00
$ 500 to S 549'* S 74.40
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3. Payment Terns. Once every month. PRC will pay to Owner t amount of Owner's Net Proceeds
payable for completed sales during the preceding month. Sales are deemed completed when ail items
comprising a line item on the original manifest or other list of Property are sold. With each payment of
Owner's Net Proceeds, PRC will make available to Owner a detailed report setting forth the following
information for the immediately preceding month: •
a. The completed sales daring the prior month, including the total amount orrilithist Proceeds
collected, Owner and PRC share of Processing Costs, and the Owners Net Proceeds:
b. Other dispositions of Property during the month: and .
. .. _ - . _ .a _ -ThePnoperty, if any, inventoried by PRC at the end of the month.. .. _ •, ... _ . ...
_/ Date
for 'Owner
• 1 7 //‘% Date
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