Meeting Type: BCC Regular Meeting
Meeting Date: 1/15/2019
Item Status: New
From: Joey Nunnally, P.E., County Engineer
Submitted by: Lisa Sangster, Administrative Support Specialist IV
______________________________________________________________________
ITEM TITLE
Title
J.M. Wood Auction Company, Inc. - Equipment Auction List
Body
STAFF RECOMMENDATION
Recommendation
Approve the sale by auction of the attached list of Highway Department equipment at the J.M. Wood Auction facility in Montgomery, Alabama, on March 13-16, 2019.
End
BACKGROUND INFORMATION
Previous Commission action/date: 01/17/2017; 01/16/2018
Background:
January 17, 2017 - The Commission approved an Auction Sales Agreement between J.M. Wood Auction Company, Inc., and Baldwin County, which is applicable to all departments of the Commission, with all future auction inventory lists being brought to the Commission for approval. (This agreement became effective February 20, 2017 and will terminate twelve (12) months from its effective date with an automatic renewal for an additional two (2) years, in one (1) year increments, unless cancelled by either party with a 30-day written notice prior to contract renewal.) The Commission also approved the sale by auction of Highway Department equipment at the J.M. Wood Auction facility in Montgomery, Alabama, on March 14-17, 2017.
January 16, 2018 - The Commission approved the sale by auction of Highway Department equipment at the J.M. Wood Auction facility in Montgomery, Alabama, on March 13-16, 2018.
There is a $270,250.00 Gross Guarantee for the Highway Department auction equipment for the March 13-16, 2019 auction. Per the contract, there will be a 6% commission deducted from the proceeds.
FINANCIAL IMPACT
Total cost of recommendation: Highway Department Estimated Gross Proceeds ($270,250.00)
Budget line item(s) to be used: 111.61200
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
N/A
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? N/A
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Administration Staff; Highway Department (Eric Scott)
Action required (list contact persons/addresses if documents are to be mailed or emailed): Administration Staff have two (2) equipment lists executed by the Chairman. Eric Scott, Highway Department, will handle follow up activity for equipment auction.
Contact:
J.M. Wood Auction Company, Inc.
3475 Ashley Road
Montgomery, Alabama 36108
Additional instructions/notes: N/A