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File #: 18-3862    Version: 1 Name: Property Insight, A Division of EC Purchasing.Com Inc., Chicago, Illinois
Type: Agreement Status: Approved
File created: 5/17/2018 In control: Board of Commissioners
On agenda: 6/6/2018 Final action: 6/6/2018
Title: PROPOSED AGREEMENT Department(s): Recorder of Deeds Other Part(ies): Property Insight, A Division of EC Purchasing.Com Inc., Chicago, Illinois Request: Authorization to enter into an interagency agreement Good(s) or Service(s): Recorder of Deeds maintains a public search website allowing the Purchaser access to certain land record data and document images filed with the Recorder and to data from the bulk database index information system. Agreement period: 5/1/2018 - 4/30/2020, and one renewal Fiscal Impact: FY 2018 $600,000.00, FY 2019 $600,000.00 -Revenue Generating Accounts: Recorder Revenue Fee; General Fund Revenue Agreement Number(s): Recorder Revenue Fee; General Fund Revenue Summary/Notes: 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 agreement for 2 years at a flat rate of $600,000/year. Total anticipated revenu...
Indexes: (Inactive) KAREN A. YARBROUGH, Recorder of Deeds

title

PROPOSED AGREEMENT

 

Department(s):  Recorder of Deeds                     

 

Other Part(ies):  Property Insight, A Division of EC Purchasing.Com Inc., Chicago, Illinois 

 

Request: Authorization to enter into an interagency agreement 

 

Good(s) or Service(s): Recorder of Deeds maintains a public search website allowing the Purchaser access to certain land record data and document images filed with the Recorder and to data from the bulk database index information system.

 

Agreement period:  5/1/2018 - 4/30/2020, and one renewal 

 

Fiscal Impact:  FY 2018 $600,000.00, FY 2019 $600,000.00 -Revenue Generating

 

Accounts:  Recorder Revenue Fee; General Fund Revenue 

 

Agreement Number(s):  Recorder Revenue Fee; General Fund Revenue 

 

Summary/Notes: 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 agreement for 2 years at a flat rate of $600,000/year.  Total anticipated revenue is $3.750 million over the life of the contract including revenue received to date.    

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