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PROPOSED CONTRACT
Department(s): Recorder of Deeds
Vendor: Property Info-REI Data, Inc., Houston, Texas
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): CCRD maintains a public search website allowing the Purchaser access to certain document images filed with the Recorder and to data from the bulk database index information system.
Contract Value: None. Revenue Generating
Contract period: 8/1/2014 - 7/31/2017
Potential Fiscal Year Budget Impact: $600,000.00 Annual Revenue, FY 2014, $550,000.00; FY 2015, $600,000.00; FY2016, $600,000.00; FY 2017, $400,000.00
Accounts: Recorder Revenue Fee; General Fund Revenue
Contract Number(s): N/A
Summary: The Purchaser will have access to copies of data for a bulk purchase and the Purchaser will deposit funds with Recorder of Deeds for fees in advance of receiving the Data requested. The company previously paid the County $500,000/year for this access. The ordinances renew the agreement for 3 years at a new flat rate of $600,000/year. Total anticipated revenue is $2.150 million over the life of the contract including revenue received to date.
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