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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A FIRST AMENDMENT TO THE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND TRANSWORLD SYSTEMS, INC., TO PROVIDE SPECIALIZED DEBT COLLECTION SERVICES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Cost Savings – Contingent upon Collection)
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(Staff Contact: Allison Feurtado)
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Summary Explanation/Background:
This item seeks City Commission approval of the First Amendment to the Agreement between the City of Pompano Beach and Transworld Systems, Inc., for the continued provision of specialized debt collection services.
Transworld Systems, Inc., provides collection services to assist the City in recovering outstanding delinquent accounts and unpaid balances. During Fiscal Year 2026, the City referred approximately $3.75 million in delinquent accounts for collection services, resulting in $147,571 in recovered revenues, consisting of $53,730 from EMS collections and $93,841 from Parking collections.
As part of the renewal, the City successfully negotiated a reduction in the collection fee from 14% to 10%, representing a 28.6% reduction in the contractual collection fee.
The amendment provides a positive financial benefit by reducing collection costs and allowing the City to retain a greater portion of recovered revenues. The renewal ensures continuity of services, enhances revenue recovery efforts, and promotes fiscal responsibility through reduced collection costs.
Staff recommends approval of the resolution authorizing the proper City officials to execute the First Amendment to the Agreement with Transworld Systems, Inc. for specialized debt collection services.
Origin of request for this action: Finance
Fiscal impact and source of funding: Cost Savings – Contingent upon Collection
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