Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: EUS Contract Purpose: Water and Sewer Debt Collection Services Entity Name: Fortitude Business Solutions, LLC. Entity Address: One Timber Way, Suite 200, Daphne, Alabama, 36527 Contract Amount: 15% of debt collected Funding Source: Past due revenue collected Contract Period: 365 days from formal Notice to Proceed with an option to extend for one (1) year Contract Basis: ( ) Bid ( ) State Vendor ([ ]) Prof. Ser. ( X ) EUS (X ) Fair & Open (X ) No Reportable Contributions (X ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Proposals Received: 9 No City of Newark budget funds required as vendor is paid a percentage of the monies collected Deferred 7R5-a (s) 032613