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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 LICENSE AGREEMENT BETWEEN THE CITY OF POMPANO BEACH AND UTILITY SERVICE PARTNERS PRIVATE LABEL, INC. D/B/A SERVICE LINE WARRANTIES OF AMERICA; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: Revenue - $0.50 monthly per account, aggregated and paid annually)
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(Staff Contact: A. Randolph Brown)
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Summary Explanation/Background:
Service Line Warranties of America, Inc. will offer residential property owners the opportunity, but not the obligation, to purchase a service line warranty and other similar products as listed in Exhibit A of the original approved license agreement on July 23, 2019. City granted Licensee a non-exclusive license to use the City’s name and logo on letterhead, bills and marketing materials to be sent to Residential Property Owners from time to time and to be used in advertising (including on the Contractor's website), all at Contractor's sole cost and expense and subject to City's prior review and approval, which will not be unreasonably conditioned, delayed, or withheld.
The previous three-year agreement will expire July 26, 2022. City wishes to renew this contract for five (5) year period ending July 25, 2027. We receive revenue of $0.50 per product for each month that the product is in force.
Origin of request for this action: Utilities
Fiscal impact and source of funding: Revenue- $0.50 monthly per account, aggregated and paid annually
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