HomeMy WebLinkAbout2020-03-03 - Armada Corp - General Agreements / General Service AgreementsPROFESSIONAL SERVICES AGREEMENT
March
THIS AGREEMENT made and entered into this 3 (CL day of ienuar), 2020 between
EAST WENATCHEE STORM WATER UTILITY (Hereinafter called Client) and ARMADA
CORP. a Washington corporation, (Hereinafter called Collector).
WITNESSETH
WHEREAS, the Client has need of a collection service to be performed by an experienced and
qualified collector for the purpose of collecting past due accounts owing Client.
WHEREAS, it is the intent of this agreement that the accounts assigned to the Collector by
Client shall be assigned at the sole discretion of the Client.
Contract Document. The contract documents consist of this agreement, together with
exhibits attached, if any.
2. Work to be performed. The Collector shall do all work and furnish all equipment, labor
and materials necessary to collect accounts assigned to Collector by Client. The Collector
shall provide all forms and postage as required.
3. Time of Commencement. The services to be performed under this agreement shall
commence on the 3r- day of f 2020.
March
4. Termination. This agreement may be terminated by either party upon thirty (30) days
advance written notice to the other party. Waiver of breach by any parry shall not be
deemed a waiver of any subsequent breach.
5. Assignment for Legal Action. In the event Collector determines legal action is necessary
on any account, Client shall execute the assignment form provided by Collector and return
it along with any requested documentation on the specified account. First monies
recovered shall reimburse collector for any directly related expenditures.
6. Compensation to Collector. Collection fees shall be assessed to each account pursuant to
RCW 19.16.500 so that Client shall receive one hundred percent (100%) of the assigned
amount collected. Interest shall be assessed on the accounts, beginning on the date
assigned, at the rate of twelve percent per annum. Collector shall retain the prescribed fees
along with any interest, recovered court costs, and attorney fees as compensation for
services provided.
Client represents and warrants that it satisfies the requirements for adding collection fees
as authorized by RCW 19.16.500. Client shall not waive any fees assessed to the debtor
that are obligated to the Collector under this agreement. If collection fees are waived
without the Collector's expressed consent, Collector shall be entitled to a commission of
twenty-five percent (25%) of the amount paid by the debtor.
Professional Services Agreement
Pagel of 2
Dishonored Checks
Client may refer dishonored checks to Collector for recovery under Collector's check
services program. Collector shall add handling fees, collection fees, and other damages
pursuant to RCW 62A.3-530, which shall serve as its compensation. Collector will remit
the full amount of any collected check with the face value of $300.00 or less. For checks
with face values greater than $300.00, Collector will remit 100% of the first three hundred
dollars ($300.00) collected and retain twenty percent (20%) of amounts recovered over
three hundred dollars ($300.00).
Slop Payment Checks
Checks with a stopped payment order, for any reason, will be subject to a contingency fee
of forty percent (40%) of the check amount.
7. Accounting and Payments by Collector. Collector will remit the full principal amount
collected by collector within thirty (30) days following the close of the month in which
collected. Payments received on accounts shall be applied proportionately to the principal
and fees so that client and collector are compensated concurrently.
8. Compromises and Collection Costs. Collector has no authority to and will not engage in
compromise settlement arrangements without prior authorization from Client. Client shall
have no responsibility for uncollected costs advanced by Collector.
9. Reporting. Collector will provide an acknowledgement to Client immediately after
accounts are assigned. The report may be provided by mail, facsimile transmission, or
through Internet methods. Additionally, Collector will provide Client with various
progress reports showing all accounts assigned to Collector as required by Client.
Client may audit Collectors records pertaining to accounts assigned for collection after
providing reasonable notice consisting of five days to Collector.
10. Assignment of Interest. Neither Client nor Collector may assign this agreement nor any
interest, right or responsibility arising from this agreement without the written consent of
the other party.
March
DATED this 3t-L day of 2020.
EAST WENATCHEE STORM
WATER UTILITY
BY:
ast Wenatchee Storm Vhater
Utility
Jerri Iect_. CvaP-`(o4
M A%60 e.
Professional Services Agreement
Page 2 of 2
ARMADA CORP.
BY: ��J
Fred Martin
Account Executive