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HomeMy WebLinkAboutCity of Tamarac Resolution R-2004-102Temp. Reso #10419 April 14, 2004 Page 1 Revision #1, May 4, 2004 CITY OF TAMARAC, FLORIDA RESOLUTION NO, R-2004- ZG,�, A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, DECLARING CERTAIN EQUIPMENT AND MATERIAL AS SURPLUS AND DIRECTING THAT CERTAIN COMPUTER EQUIPMENT BE DISPOSED VIA SALE THROUGH ESTABLISHED INTERNET MARKETS; PROVIDING THAT A PUBLIC AUCTION BE HELD OFFERING THE PUBLIC THE OPPORTUNITY TO INSPECTALL OTHER ITEMS AVAILABLE FOR DISPOSAL PRIOR TO THE AUCTION; AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO ENTER INTO AN AGREEMENT WITH NATIONAL AUCTION CO., INC., TO CONDUCT THE PUBLIC AUCTION, AND FOR DISPOSING OF ANY UNSOLD ITEMS HAVING NO CASH VALUE, UTILIZING BROWARD COUNTY BID #J-1 03 007 131 FOR AUCTIONEERING SERVICES, FOR A COMMISSION RATE OF 1.625% OF THE AUCTION PROCEEDS, PLUS REIMBURSEMENT OF OUT OF POCKET EXPENSES FOR ADVERTISING AND PROMOTION IN AN AMOUNT NOT TO EXCEED $3,200, ALL OF WHICH SHALL BE DEDUCTED FROM THE GROSS SALES AUCTION PROCEEDS; PLACING ALL PROCEEDS INTO THE APPROPRIATE FUND FROM WHICH THE ASSETS WERE ORIGINALLY PURCHASED; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY ; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, surplus and obsolete equipment and material has reached a sufficient level to warrant an auction; and WHEREAS, pursuant to §6-153 of the Code of Ordinances, the City Commission may by Resolution direct the City Manager to dispose of the surplus supplies by the method or methods deemed to be most advantageous, convenient and economical to the city; and Temp. Reso #10419 April 14, 2004 Page 2 Revision #1, May 4, 2004 WHEREAS, the City Manager may dispose of surplus stock by utilizing competitive sealed bids, public auction, established markets, sales at posted prices, donation, or trade- in as may be prescribed for the individual situation; and WHEREAS, the City Manager has delegated the responsibility for Property Disposal to the Purchasing and Contracts Manager, through the Director of Finance; and WHEREAS, the Director of Finance and Purchasing and Contracts Manager recommend that disposal of surplus and obsolete equipment be accommodated using one of two disposal methods which include: 1) Disposal of designated computer equipment through an electronic established market available to all buyers via an Internet auction service to be selected, and 2) Disposal of all other surplus and obsolete equipment, and computer equipment not disposed of via an electronic established market through a public auction; and WHEREAS, pursuant to §6-153, a list of assets available for disposal is attached hereto as Exhibit A; and WHEREAS, on February 23, 2004, Broward County awarded an agreement for professional auctioneering services to National Auction Co. Inc. in response to Bid # J-1 03 007 B1 for a period beginning February 11, 2004 through February 10, 2005; attached hereto as Exhibit B for property recommended for disposal by public auction; and WHEREAS, the City has received a quotation from National Auction Co., Inc., attached hereto as Exhibit C, which addresses specific conditions associated with Temp. Reso #10419 April 14, 2004 Page 3 Revision #1, May 4, 2004 operating a public auction for the City of Tamarac, for a cost equal to 1.625% of the Auction proceeds, plus reimbursement of out of pocket expenses for advertising and promotion in an amount not to exceed $3,200, all of which shall be reimbursed directly from the auction proceeds; and WHEREAS, City of Tamarac Code §6-155 allows the Purchasing and Contracts Manager the authority to waive the purchasing procedures for supplies, materials and equipment which are the subject of contracts with other governmental agencies; and WHEREAS, the Director of Finance, Purchasing and Contracts Manager and City Manager recommend that a public auction be held to dispose of surplus and obsolete equipment and material; and WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best interest of the citizens and residents to approve the sale of surplus and obsolete equipment and material and to authorize the appropriate City officials to enter into an agreement with National Auction Co. Inc. to conduct the public auction utilizing Broward County Bid #J-1 03 007 B1, attached hereto as Exhibit D. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION.1__ The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution upon adoption hereof. Temp. Reso #10419 April 14, 2004 Page 4 Revision #1, May 4, 2004 SECTION 2: The appropriate City Officials declare that the property in Exhibit "A" consists of surplus and obsolete equipment and material and direct that certain computer property be disposed via sale through established internet markets. SECTION 3 That a public auction be held, offering the public the opportunity to inspect all other items available for disposal prior to the auction, at a date, time and location to be determined by the City Manager within the City of Tamarac. The items offered at the auction will be available for inspection by the public at the above location from 8:00 AM to 10:00 AM on the designated day of the auction. The City of Tamarac reserves the right to establish a minimum bid or reject all bids on any or all items. SECTION 4: The appropriate City Officials are authorized to enter into an agreement with National Auction Co., Inc. to conduct the public auction and for disposing of any unsold items having no cash value, utilizing Broward County Bid # J-3 01 077 B1 for Auctioneering Services, for a commission rate of 1.625% of the auction proceeds, as well as reimbursement of out of pocket expenses for advertising and promotion costs in an amount not to exceed $3,200, all of which shall be deducted from the gross auction sales proceeds. SECTION 5: All proceeds from the auction or disposal shall be placed in the appropriate fund from which the assets were originally purchased to be used for public purposes. SECTION 6: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. FJ 1 Temp. Reso #10419 April 14, 2004 Page 5 Revision #1, May 4, 2004 SECTION_ 7: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of the Resolution. SECTION 8: This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED this 121h day of May, 2004. MARION SWENSON, CMC CITY CLERK I HEREBY CERTIFY that I have approved this RESOLUTION as to form. MITCHELL S. KRAFT CITY ATTORNEY JOE SCHREIBER Mayor RECORD OF COMMISSION VOTE: MAYOR SCHREIBERV'^ - DIST 1: COMM. PORTNER DIST 2: COMM. FLANSBAUM-TALABISC DIST 3: V/M SULTANOF DIST 4: COMM. 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Andrevvs Avenue, Roorn 212 • 1 )rr Lauderdale, FI0riCi,; 333J1 954-357-6065 • F-AX 954 357 Si S February 23, 2004 National Auction Company 1325 South Congress Avenue Suite 202 Boynton Beach, FL 33426 Attn: George Richards, President Reference: BID: #J 1 03 007 B 1 FOR: Auctioneering Services Dear Mr. Richards: This is to confirm that the Purchasing Agent has accepted your Bid on the above -referenced solicitation. A Bid tabulation of all Bids received is enclosed, with item(s) awarded to your firm indicated. The initial Contract is in effect for the period beginning February 11 2004 and ending February 10, 2005. Purchase Order(s) will be placed as and when required. A copy of this Notice, with a copy of your Bid, including all terms and conditions, is being forwarded to all Using Agencies. Thank you for your interest in doing business with Broward County. Sincerely, GLENN R.CUMMINGS, Director Purchasing Division B n�... Y Wen y Lore o, PurchA�mg gent 11 GRC/afm c: Locksley Rhoden, Fleet Services Using Agency Broward County Board of County Commissioners JosePhu5 Eggelletion, Jr • Ben. Graber • Sue Gun7hurgBr • Kristin D. JaCobs • Ilene Lieberman • Lori Nance Parrish • John E Rorislrom, Jr • James A Scott • Diana Wa55erman-Rubin wWw.broward.orq/purchasing (o Cn V c.��� N Q LL to O + Q -j' _p (� O OLO OD U U d> a, a� U U d C? co �3 o cp O N Q1 U O fn to N > z > NO C] O m C N LL O LO 04 U ¢ U 7 (n 0 Lr CS LLJ m(13 a� N Ln Q t0 co LL N a U o I O a cu c U C c� o N U C�7 v ai ai U c� Q m c N -Zr E; IL 0 7 i' > -� Q -7 tia Q O J 00 U LL -zi CM Q U zo c �, o i .. (0 m 0 (� e LO 0) Q cop L Ccc C,4 h a O C Q1 C U L c O � a r o c n N d 0) O c t� -Q c' j 0 T "C3 (1) -d fl. � '> U O c d N N O O d N ) @ U p p 0 O U 7 7 7 O p 7 O T O O _ O - < U a)N Q) C N C CJ 0 7 U Q >, T �. N O � p ll Q C 0) m V q� O 70 •-• U Q N pO, C@ C O 73 w O w N O �J @ C) _T _ 'U U U U (b cn O QJ c O t U c E_ c E p -E � coro 0¢ J Q p C C M (� d G CD@ E E ,� N u r C) C7 cn m O (q r N C) m C)E O O U ULL U c 't c p Q CO Q CD CD4 7 C7 c Q1 O T3 _--� -O N E M .J E 4 C C N C 7 0 Er o CD c' C*)O CD O CO LL1 c C Ef3 O O C O o E v 0. �t c -1 .-- N 0ri c(o 0 a Q SUBMIT BID TO: Broward County Purchasing Division 115 S. Andrews Avenue, Room 212 apow�"kr�.r Fort Lauderdale, Florida 33301-1801 (954) 357-6065166 —GENERAL THESE INSTRUCTIONS ARE STANDARD FOR ALL CC BOARD OF COUNTY COMMISSIONERS. THE BOARD OR MODIFY ANY OF THESE STANDARD INSTRUCTIC CHANGE IN THE SPECIAL INSTRUCTIONS TO BID PURCHASE ORDER ISSUED BY THE COUNTY, BIDDEI INVITATION FOR BID SHALL PREVAIL OVER ANY C CONTRACT OF THE BIDDER REGARDLESS OF ANY I SEALED BIDS: This form must be executed and submit- ted with all bid sheets in a sealed envelope. (DO NOT INCLUDE MORE THAN ONE BID PER ENVELOPE). The face of the envelope shall contain the above address, the date and the time of bid opening, and bid number. Bids not submitted on attached bid form may be rejected. All bids are subjected to the conditions specified herein. Those which do not comply with these conditions are subject to rejection. EXECUTION OF BID: Bid must contain an original signa- ture of an individual authorized to bind the bidder. Bid must be typed or printed in ink. All corrections made by bidderto his bid must also be initialled. The bidder's name should also appear on each page of the bid sheet if required. Bids will not be accepted from firms in arrears to the Board of County Commissioners upon debt or contract nor from a defaulter upon obligations to the Board of CountyCommis- sioners. Bidder certifies by signing the bid that no princi- pals or corporate officers of his firm were principals or corporate officers in any other firm which may have been suspended or debarred from doing business with Broward County within the last three years, unless so noted in the bid documents. 2. NO BID: If not submitting a bid, respond by returning this Bidder Acknowledgement form, marking it "NO BID", no later than the stated bid opening date and hour, and explain the reason in the space provided. Failure to respond without justification may be cause for removal of the bidder's name from the bid mailing list. NOTE: To qualify as a respondent, bidder must submit a "NO BID." 3_ BID WITHDRAWAL: No bidder may withdraw his bid before the expiration of ninety (90) calendar days from the date of bid opening unless vendor so notes in the bid. BID OPENING: Shall be public, on date, location and time specified on the bid form. The official time is the time clock located in the Purchasing Division reception area and will be accepted by all parties without reservation. It is the bidder's responsibility to assure that his bid is delivered on date, location and time specified on the bid form. Bids, which for any reason are not so delivered, will not be considered. Bid files and any bids after they are opened may be examined during normal working hours by appoint- ment. Bid tabulations are available for inspection upon request. (Continued on Page 2) BOARD OF COUNTY COMMISSIONERS BROWARD COUNTY, FLORIDA l NVITATI ON FOR B I D Bidder Acknowledgment _ CONDITIONS — INTRACTS FOR COMMODITIES/SERVICES ISSUED BY THE OF COUNTY COMMISSIONERS MAY DELETE, SUPERSEDE NS FOR A PARTICULAR CONTRACT BY INDICATING SUCH DERS OR IN THE BID SHEETS. BY ACCEPTANCE OF A R AGREES THAT THE PROVISIONS INCLUDED WITHIN THIS :ONFLICTING PROVISION WITHIN ANY STANDARD FORM _ANGUAGE IN BIDDER'S CONTRACT TO THE CONTRARY. ,E SIGNED AND RETURNED WITH YOUR BID BIDS WILL BE OPENED 2 p.m. MARCH 11, 2003 and may not be withdrawn within 90 calendar days after such dale and time. BIDTITLE AUCTIONEERING SERVICES BID NO, J103007B1 PURCHASING AGENT WENDY LORENZO (954) 357-6083 DELIVERY DATE SEE SPECIAL INSTRUCTION CASH DISCOUNT TERMS BID GUARANTY IS ATTACHED, WHEN REQUIRED, IN THE AMOUNT OF S REASON FOR NO BID FEDERAL EMPLOYER I.D. or SOCIAL SECURITY NUMBER 65-0231538 DUN & BRADSTREET NUMBER BIDDER NAME National Auction Company BIDDER MAILING ADDRESS/CITY/STATE/ZIP 1325 South Congress Avenue, Suite 202 Boynton Beach, FL. 33426 AREA CODE TELEPHONE NO. CONTACT PERSON F561W64-7004George Richards INTERNET ADDRESS www.natlauction .coni 5�.J A THORI D SIGNATURE (original in ink) Gear e Richards President TYPED NAME OF SIGNER TITLE I certify that this old is made wahoul prior understanding, agreement. or connection with any corporation, fvm or person submitting a hid for the same il@mslservrces, and is In all respects fart and without [Allusion or rraua. 1 ayrec to abide by all conditions of this bid and certify Thal I am auoonzed to sign this bid far the bidder. rudher by sgnalure of this form, pages t through d are acknuMedged and awephd as well as any specul instruction sheet(s) if applicatile >=rmn #103-25 (RCV- 3/99) Page 1 of 4 PREVIOUS CONTRACT #J-3-01-075-B2 BID #J-1-03-007-B1 BIB SHEET AUCTIONEERING SERVICES TO: BOARD OF COUNTY COMMISSIONERS BROWARD COUNTY, FLORIDA All blanks have been filled in, BID SHEET is attached to the completed "Invitation For Bid" and returned herewith. In accordance with all terms, conditions, specifications and requirements, the bidder offers the following: COMMODITY CODE #961 10 000 0000 ESTIMATED ITEM ANNUAL PERCENTAGE TOTAL NO. AMOUNT DESCRIPTION RATE PRICE $300,000.00 Level I (See Attachment "A") Percent (%) to be paid to Auctioneer from gross paid bids received at Auction for the duration of the Contract. 1.625 % $ 4,875.00 ITEM 1 $ 4 87�,QJO 1. Did you conduct a minimum of fifty (50) auctions during 2002? 2. Did you conduct a minimum of ten (10) auctions for government entities in the state of Florida during 2002? Yes 3. Did you conduct at least one (1) vehicle/equipment auction for a government entity in the state of Florida with receipts over $100,000 during 2002? Yes Sale dates shall be mutually agreed upon by Broward County and awarded vendor and the sale will commence within ' r days from date of request, not to exceed sixty (60) days. NAME OF COMPANY: AUTHORIZED SIGNATURE: -J- \�(L-.-, AS-PB01-2003 2/12/03 PAGE 7 of 15 PREVIOUS CONTRACT #J-3-01-075-B2 BID #J-1-03-007-B1 BID SHEET (Continued) AUCTIONEERING SERVICES In accordance with Paragraph 8.4 of "Special Instructions to Bidder" indicate if an exception to insurance requirements is being requested. Be specific and state reason: DO YOU QUALIFY FOR THE LOCAL PREFERENCE CLAUSE YES _.-X- NO — DO YOU QUALIFY FOR THE DOMESTIC PARTNER CLAUSE YES NO X NOTES: Estimate tour vehicle auctions per year (3 Fleet Services, 1 Mass Transit) and estimated one or two auctions per year which may contain other miscellaneous equipment and property. The above "total" represents the monies paid to the successful bidder during a one (1) year period based on the above estimates. The County does not guarantee any amount of receipts for any auction under this contract. This is not an exclusive contract and the County reserves the right to sell surplus goods, equipment or property `hrough various other methods as determined to be in the best interest of the County - 'THE UNDERSIGNED BIDDER WILL EXTEND THE SAME PRICE, TERMS AND CONDITIONS TO OTHER GOVERNMENTS LOCATED IN BROWARD COUNTY DURING THE PERIOD COVERED BY THIS CONTRACT, IF REQUIRED:" X YES NO WILL THIS PRICING BE EXTENDED TO OTHER GOVERNMENTS LOCATED IN DADE OR PALM BEACH COUNTIES? �X YES NO ACKNOWLEDGMENT IS HEREBY MADE OF THE FOLLOWING ADDENDA OR AMENDMENTS (IDENTIFIED BY NUMBER) RECEIVED SINCE ISSUANCE OF THIS BID: NAME OF COMPANY: AUTHORIZED SIGNATURE: E-MAIL ADDRESS: 0 P IE'PER #: 954-658-5033 ;FEDERAL TAX ID #: b 5- 0 2 315 3 8 AS-P801-2003 2/12103 PAGE 8 OF 15 PREVIOUS CONTRACT #J-3-01-075-B2 BID #J-1-03-007-E31 BID SHEET (Continued) AUCTIONEERING SERVICES REM/TADDRESS: hativn L AUC-tj 11 C mvany . 1325 South Congress Avenue, Suite 202 - Boynton Beach, FL. 33426 WOULD YOU ACCEPT CREDIT CARDS AS PAYMENT FROM BROWARD COUNTY? YES �y NO NOTICES TO BIDDER: 1. Please check the Federal Employer's Identification Number (FEIN) and other information on the face of the Invitation for Bid/Bidder Acknowledgment Form (IFB) and MAKE APPROPRIATE CORRECTIONS ON THE IFB. IF THE COUNTY DOES NOT HAVE THE CORRECT INFORMATION, PAYMENTS CANNOT BE MADE TO YOUR FIRM. 2. BE SURE TO HAVE THE INVITATION FOR BID, [BIDDER ACKNOWLEDGMENT FORM] SIGNED BY AN AUTHORIZED REPRESENTATIVE OF YOUR FIRM OR YOUR BID WILL NOT BE CONSIDERED RESPONSIVE. NAME OF COMPANY: AUTHORIZED SIGNATURE: _ �5 AS-PBD1-2003 2J12/03 PAGE 9 OF 15 04..'15/2004 14:29 FAX t91J001/001 PREVIOUS CONTRACT BID 1-e3 T-B1 M sHEE_T (Continued) AUCn0Nf.ERIN9j- SERVIMM In acaordanoe with Paragraph 84 of "SpadW Instructions to Bidder" indirxte if an exoeption tD insurance regraremerrb is Wng requested. be specific and state reoson: DO YOU QUALIFY FOR THE LOCAL PREFERENCE CLAUSE YES NO DO YOU QUALIFY FOR THE DOMESTIC PAWNER CLAUSE YES NO NO Estimate four vehicle auctions per year (3 Fleet Services, 1 Mass Transit) and estimated one or two auctions per year which may contain other miscellaneous equipment and property. The above "total' represents the monies paid to the successful bidder during a one (1) year period based on the above estimates, The County does not guarantee any amount of receipts for any auction under this Contract. This is not an exclusive Contract and the County reserves the right to sell surplus goods, equipment or property through various oather methods as determined to be in the best interest of the County. 'THE UNDERSIGNED BIDDER WILL EXTEND THE SAME PRICE, TERMS AND CONDITIONS TO OTHER GOVERNMENTS LOCATED N BROWARD COUNTY DURING THE PERIOD COVERED BY THIS CONTRACT, IF REQUIRED:' YES NO VENDOR FAX #. NILL THIS PRICING BE EXTENDED TO OTHER GOVERNMENTS LOCATED IN DADE OR PALM BEACH COUNTIES? YES NO kCKNOWLEDGMENT IS HEREBY MADE OF THE FOLLOWING ADDENDA OR AMENDMENTS (IDENTIFIED BY NUMBER) FIECENED SINCE ISSUANCE OF THIS BID. NAME OF COMPANY: AUTHORIZED SIGNATURE: E-: MAIL ADDRI*S5: SEEDER ar,- .,_ � FEDERAL TAK ID #: AS-PBOI-2003 PA" a of I 2M 2M3 n NATIONAL EXHIBIT "C" TR 10419 A U C T I O N COMPANY Licensed Real E.svare Brokers & Aiwlioneers LICENSED • BONDED - INSURED 1325 South Con-ress Avenue, Suite 202 • Boymon Beach, FL 33426 (561) 364-7004 AUCTION PROPOSAL The City of Tamarac Surplus Auction May 2004 Prepared For: Mr. Keith K. Glantz, CPPO Purchasing and Contracts Manager Members: National Auc tiunc rr 's ls.curiation d 1 lnrida A linru°c r' ,1.csnc rurinrr .4I 640 -A U'�N99 National Tall Free: 1-800-659-7004 • Fax: (501) 364-8801 "'\+ W.naticutrtiun.cum INDEX SECTION ONE Cover Letter SECTION TWO Auction Proposal SECTION THREE Proposed Advertising & Promotional Budget SECTION FOUR Background National Auction Company Principal of the Company • Professional Experience • Auction Experience • Partial Client List • Partial Reference List SECTION FIVE Frequently Asked Questions SECTION SIX Reasons For Considering An Auction SECTION SEVEN Sample Auction Brochures & Flyers SECTION EIGHT Sample Newspaper Advertising SECTION NINE Sample Insurance Certificate NATIONAL A U C T 1 Q N C [7 M PA N V Licertsecl Real Emile Brokers & Auctioneers LICENSED • BONDED • INSURED 1325 South Congress Avenue. Suite 202 • Boymon Beach, FL 33426 April 1, 2004 (561 ) 364-7004 Mr. Keith K. Glatz, CPPO Purchasing and Contracts Manager City of Tamarac 7525 NW 88 Avenue Tamarac, Florida 33321-2401 SUBJECT: Surplus Auction Proposal Dear Mr. Glatz: We are pleased to provide our Auction Proposal for the City of Tamarac. Your consideration of our company for this event is greatly appreciated and we pledge to make every effort to make your auction successful. Included with the proposal is additional information designed to further acquaint you with our company and some of the similar auctions we have conducted for other municipalities. We are based in Boynton Beach and have been exclusively in the auction business since 1986. 1 live in Pembroke Pines and was born and raised in South Florida which provides an insight into this market and the best means to promote an auction. For your information, we have conducted auctions in 40 other states and are licensed as Auctioneers in Florida, Georgia, North Carolina and Pennsylvania. The proposal also includes references of others who have used our services and are well acquainted with us. The proposal also includes sample auction brochures and flyers produced for similar surplus auctions. As requested, we also included sample newspaper ads used for other events, however, Prior to releasing advertising materials to the printer or newspapers, proofs will be sent to you via facsimile. This will enable you to make changes, corrections or offer suggestions. As mentioned to you, we will also include this auction on our Web Site using as many color photographs as possible. We have found this method of marketing to be very productive since it reaches a vastly larger audience of potential bidders. As requested, we have also included a copy of the Insurance Certificate supplied to Broward County. After your review, a similar Certificate will be ordered for the City of Tamarac. After your review of our Proposal, if there are questions, suggestions or additional information re iced, please let me know and it will be supplied. Again, thank you for considering us. t4ly yours, Geor e Richards President Afeinhers.>\''[t7iUllrl/;�llc'lir7lt['c')":C .1.1.1nr Yr111 r>!t & h/n7-ir/[tlllrrtl U71 ['r't'J'.^1.\.1 r1('i(lt101t National Tall Fice: 1-800-659-7004 • Fix: (�61 ) 364-8801 AUCTION PROPOSAL City of Tamarac Surplus Vehicles & Other Assets I. FORM OF AUCTION A. Absolute Auction Two formats are commonly used for this type of auction, however, the best form is known as Absolute Auction. In this form of auction, everything offered sells to the highest bidders without minimum or reserve. Final prices are established through open and competitive bidding. This type of auction attracts bidders through the lure of a bargain price, however, based upon past experience, prices achieved at a well -promoted auction are fair to purchasers and sellers. B. Subject to Confirmation In this form of auction, sellers retain the right to accept or reject top bid prices. When this format is used, we discourage publishing minimum acceptable prices in advance of the auction since it could discourage active bidding. Some bidders are reluctant to attend this kind of auction when there is a perception final prices expected may not be attainable or are not in line with current market conditions. There are times when this method of auction is needed and it is possible to make use of both formats at the same event, however, advertising must clearly specify which items have minimum prices to avoid conflicts with bidders. C. Recommendation We suggest all of these assets should be offered and sold at Absolute Auction. Based upon past experience, this attracts a larger audience which generally results in higher prices. II. AUCTION DATE All auction dates are established by mutual agreement taking into consideration the time needed to promote the auction, prepare for the event and requirements of the City of Tamarac. If agreeable to you, this auction can be conducted on Saturday, May 22 at 10:00 A.M. Because of the diversity of assets included in this auction, conducting it on a Saturday will attract a larger audience. The auction site would be opened at 8:00 A.M. on auction day to allow prospective bidders an opportunity to preview the items being offered for sale. 111. AUCTION SITE In accordance with our discussion, the auction will be conducted on City property. This eliminates the need to transport the assets to another location. In addition, this location is ideal for an auction since there is sufficient room to display the items, u" parking for bidders and it is easy to find. Since City owned property will be or the auction, it is suggested that arrangements should be made for the presence of an off -duty Police Officer. While we do not expect problems, it is always best to have a Police Officer present since there will be cash collected at the conclusion of the auction. Based on past experience at other similar auctions, most bidders will remove purchases immediately after completion of the event and settlement of their bill. Some purchasers may not be able to remove items on auction day and an 1 alternative date should be selected. Here again, based upon past experience in conducting other auctions for municipalities, we suggest allowing bidders the opportunity to pick up on the following Monday from 9:00 A.M. until Noon. Our staff would be available to assist purchasers. The terms and conditions of sale will make it clear that payment in full is expected at the conclusion of the auction. IV. ADVERTISING & PROMOTION The success of every auction depends upon an aggressive advertising and marketing campaign. It is important to present the assets to as many prospective bidders as reasonably possible. A. Auction Flyer We will create a 2-page black and white flyer which describes the assets that are included in this auction. The flyer becomes the primary response piece sent to those calling as a result of seeing newspaper advertising and will be ready for mailing two weeks before the auction. Other details bidders need to know to attend the auction will also be included such as: 1. Date and time of the auction 2. Auction site address and directions 3. Amount of required deposit to obtain a bidder's card ($100.00) 4. Terms and conditions of sale 5. Forms of acceptable payment 6. Deadline dates for removal of purchases 7. Identification of the seller as the City of Tamarac. B. Mailing List We maintain a mailing list from past auctions where similar items have been offered and flyers will be mailed approximately two weeks in advance of the auction date. Past experience indicates the auction will produce better results when there are multiple types of bidders in attendance including those with a use for the items such as those in the construction trades, end users and used automobile dealers. Our lists are updated after each auction to keep them current and have found to provide an excellent sales tool. C. Newspaper Advertising Included with our proposal is a schedule of recommended newspaper advertising which is similar to that used for other auctions conducted for surplus auctions conducted for other cities. Since the auction will be conducted in Tamarac, advertising should be placed in The Miami Herald, Fort Lauderdale Sentinel and The Palm Beach Post since all three publications have wide circulation in Broward and Miami -Dade Counties. When ads are placed in these publications, they are also included in their electronic editions at no additional cost which allows the auction to be advertised beyond the reach of the local market. Advertising will be placed in the classified section under the auction heading. Costs reflected in the budget are net out of pocket and do not include any markup. D. Tam -A -Gram An ideal place to advertise this auction would be in the publication circulated in the City by the Public Information Committee. By using this publication, the citizens of Tamarac will be aware of the auction and can make plans to attend. K E. Signs One of the best forms of advertising is signs. If possible, signs should be placed near the auction site announcing the event. In addition, if there are small bulletin boards in City Hall, signs should be posted there. Directional signs and vinyl banners will also be used on auction day directing bidders to the auction site. F. Internet Web Site As soon as we are told to proceed with the promotion for this auction, the information will be published and included on our Web Site. Digital photographs of the items to be included in the auction will be photographed and published to our Web Site. This allows prospective bidders to see what is being offered at the auction and provides an effective means to promote the auction to a vastly larger market than would be possible otherwise. We also publish the full text of the auction flyer in Acrobat Reader which permits it to be downloaded very easily. In addition, a location map will be published to allow anyone planning to attend the auction to find the event site. This service is offered to the City of Tamarac without cost. G. Funding Costs stated in the budget will be advanced by us and deducted from the proceeds of sale when the Post Auction Report is delivered to the City of Tamarac. Following of"the auction we will submit a Post Auction Report which includes an accounting for funds spent advertising the event. The report will include invoices, newspaper tear sheets and copies of checks which evidence payment. V. PRE AUCTION SET UP a PREVIEWS A. Pre Auction Set Up 1. Computers The computers and other items offered such as printers should be booted so that prospective bidders can observe them in operation. Even though some may be older technologies, when bidders can see they are operable, prices offered are much higher. Computers and other items will be tagged for identification using City of Tamarac asset codes if available. 2. Other Items Other items included in the auction should be displayed to allow bidders to observe what is being offered. If possible, these items should be set up in an area where protected from adverse weather. Again, to the extent possible, items will be tagged for the auction using City of Tamarac asset codes. 3. Motor Vehicles Based upon past experience, motor vehicles attract a large number of bidders who generally pay higher prices when each unit can be started before the auction. Prior to the auction, we will provide window stickers used to identify each by year, make and model, actual odometer reading and other information concerning other features. Motor vehicles will be lotted using the City of Tamarac asset numbers for easy tracking after the auction. It is suggested that all keys be available and tagged by unit number to avoid confusion. K During pre event previews, personnel from the City's motor pool should be available to allow each vehicle to be started. We also suggest noting known deficiencies such as a bad transmission or similar problem on the windshield. This eliminates most post auction problems, especially for those coming to the auction expecting to purchase a vehicle for transportation. Even though the terms and conditions of the auction provide for all vehicles to be sold in As -Is condition, it is better to disclose known problems. B. Pre Auction Previews Since everything is offered in As -Is condition, it is helpful to allow bidders an opportunity to inspect before the auction. We suggest previews should be limited to two hours in advance of the auction. If possible, employees from the motor pool should be on hand with a hot box so that any vehicle with a low battery can still be started before the auction. Once a vehicle is sold, it should be locked and the keys taken to the Cashier's Stand. If possible, Motor Vehicle Titles should be present at the auction site so that purchasers can have them immediately following payment of their bill. As indicated, we will have a Notary Public at the auction site for those titles requiring such. In addition, odometers will be read before the auction since this information is needed on the Title to each vehicle. VI. AUCTION DAY EVENTS A. Staffing We will supply all staffing needed to conduct this. auction including an experienced professional auctioneer and assistant, a clerk, cashier and labor to tag each item after being sold. The auction site will be open at least two hours prior to the published starting time allowing sufficient time for bidder registration and previews. B. Supplies & Equipment Our company will supply all forms and other supplies needed to conduct this auction including bidders' cards, clerking sheets and tally sheets. We will also supply a sound system for the auction. C. Cashiering The terms and conditions require bidders to pay and settle for purchases on the day of sale which allows an effective means to know each item has been sold and paid for. The auction will be clerked by hand and each top bidder given an invoice following receipt of payment in full. D. Bidder Check Out Because of the size of this event and limited space, we suggest that bidders should not be allowed to check out until the actual auction is complete. It is expected the actual auction will be completed by 1.00 P.M. and most purchasers will remove their items immediately. We will keep the auction site open until 3.00 P.M. on auction day and reopen on Monday, May 24, if permitted by the City. E. Catering As a convenience to bidders, someone should be available at the auction site selling coffee, soft_ drinks, bottled water, sandwirhes and other items. Once bidders arrive at the auction, by having a caterer on site, there is no reason for them to leave. rd VII. RECOMMENDED FORMS OF PAYMENT A. Payment Requirements It is suggested all purchasers should be required to pay in full on auction day immediately following conclusion of the event. Past experience indicates some purchasers may come to the auction without sufficient funds to settle - in full. In the event a bidder does not have sufficient funds with them, the terms of sale will require all purchasers to make a minimum deposit which equals 25% of the purchase price. Some purchasers may want to pay by check and arrangements will be made to assure any checks taken are good. B. Forms of Payment Suggested The following forms of payment are suggested for this auction: 1. Cash 2. Corporate checks with specific and current bank letter of guarantee 3. Cashiers' Checks or equivalents. Vill. AUCTIONEER COMPENSATION It is understood this auction will be conducted under the same terms offered to Broward County Board of County Commissioners. Our compensation for this auction will be 1.625% in addition to reimbursement of out of pocket expenses for advertising and promoting the auction and included with this proposal. X. POST AUCTION REPORT & SETTLEMENT A. Genera! The auction is not complete until the proceeds of sale are turned over to you. Usually, our report will be completed and turned over to you within 7-10 days of the auction. This allows sufficient time for checks to clear the bank and final accounting schedules to be completed. As required by FS 468, proceeds from the auction will be deposited into our Auctioneer's Escrow Account. B. Contents of Report The Post Auction Report contains information pertaining to the event including pre event planning, advertising and promotion, set up, auction and post auction function. It is designed to provide information that illustrates every effort was made to promote and conduct the auction in the best means possible. The report is prepared for submission to the City of Tamarac and will include the following information: 1. Auctioneers' Sales Report 2. Auctioneer's Settlement Report 3. Advertising & Promotional Budget Accounting Summary 4. Copies of Purchaser Invoices 5, Bidder Registration Log 6. Photographs of Premises (Post Auction) 0 Proposed Advertising & Promotional Budget IV V 1y11 City of Tamarac Surplus Vehicles & Other Assets Direct Mail A. Brochure B. Postage C. Photography D. Mailing Lists Development E. Layout, design & coordination F. Publish to National Auction Website Signs A. (2) 4 Ft. X 4 Ft. Custom Signs B. Materials for Installation Newspaper Advertising A. Miami Herald B. Fort Lauderdale Sentinel C. Palm Beach Post D. Tam -A -Gram Pre Auction & Preview Expenses A. Labor (Set -Up & Tagging) B. Supplies Auction Event Expenses A. Auction Staffing 1. Auctioneer 2. Auctioneer Assistants (2) 3. Clerk 4. Cashier B. Auction Supplies 1. Bidder Cards 2. Clerking Tickets 3. Tally Tickets 4. Public Address System C. Directional Signs & Event Banners Post Auction Expenses A. Coordination of Closing B. Post Auction Report 240.00 370.00 0.00 0.00 0.00 0.00 950.00 1,000.00 350.00 0.00 1I WW1 0.00 0.00 100.00 100.00 H 18 TOTAL: $3,200.00 BACKGROUND OF THE COMPANY I. General Information National Auction Company was founded in 1990 and is located at 1325 South Congress Avenue, Suite 202, Boynton Beach, Florida. The company is licensed by the State of Florida as Real Estate Brokers and Auctioneers and conducts approximately 100 auctions each year. The company is also licensed as Auctioneers in Pennsylvania, Georgia and North Carolina. National Auction Company specializes in the sale of real estate at auctions and has offered and sold residential, commercial, industrial and agricultural properties. In addition, we have also offered and sold most types of personal property on behalf of lenders, bankruptcy trustees, developers, individuals and corporations. The company has a proven track record and understands how to market and sell all types of assets. The company was founded by George Richards who continues to operate and manage it. Since our founding, auctions have been conducted throughout Florida and 40 other states. Successful auctions depend upon careful attention to details, planning and an understanding of the assets to be offered. It is also important to recognize the needs and legal requirements of every seller who employs us. We have conducted major auctions for commercial and savings banks, Federal, State and Local governmental agencies, corporations, developers, Court appointed Bankruptcy Court Trustees, Court appointed Receivers, developers and many individual sellers. Some of the auctions we have conducted have included several parcels of real estate while others may only include one specific property. Since each auction is different and the needs of each seller may vary, selecting an auction site is very important to the success of the event. Some auctions have been conducted in hotel ballroom settings while others are scheduled on site. Whether there are one property or many, National Auction Company has the proven ability to accomplish the task and obtain the highest possible price. The success of every auction depends upon many factors yet there is no substitute for experience on sale days. National Auction Company has sold more than $100,000,000.00 in real estate. Each auction assignment requires attention to details to assure success. National Auction Company works diligently with sellers in an effort to make certain everything is accomplished to expose your property to the widest market possible. As noted, experience is important to the success of every auction. Each member of the auction team is experienced providing a high level of confidence. We have conducted more than 1,000 auctions since our founding and have proven skill and ability to market and sell your property. Methods of operation are in place to assure the success of every auction. We understand the auction process is not complete until the proceeds of sale are delivered to you. 1 Our efforts are focused on your property through each step of the auction process with a devotion to providing the highest quality professional service to every client. For an auction to be successful, it is important for the auction company to have an understanding of the property being offered. We have also been involved with many commercial properties with complex environmental issues including soil contamination. Success also depends upon understanding needs of potential purchasers as information is developed. The key to understanding properties involves much more than creation of professional advertising and marketing. Auctions are a dependable vehicle when the company engaged understands the asset being offered, its utility and basis of valuation. Before an auction is contracted, we make our own inspection and review of your property to make certain there is every chance for a successful sale. Many times it is possible to make suggestions for minor improvements which could improve the appeal of your property. At National Auction Company, this is part of our service to you, however, when improvements are not likely to enhance the curb appeal of your property, we usually do not recommend them. II. Real Estate Auction Experience A. General Information We have been associated with many types of real estate providing wide- ranging experience which can be put to work for you. Successful real estate auctions require much more than placing newspaper advertising, creating a colorful brochure and placement of signs. The most important step in every auction campaign requires careful consideration of the property to be offered and determination of targeted markets. We understand subdivisions, cost of construction and engineering of a project from inception to completion. This provides an insight into the manner in which your property should be offered to the market. B. Specific Auction Examples The following are examples of some of the more complicated auctions we have conducted in recent years. 1. Resolution Trust Corporation Atlanta Sales Center a. 25 Hotel Ballroom Auctions with more than 1,000 properties offered and sold. b. Contract included management and sales of assets/ 2. First Union National Bank of Florida a. 1 Hotel Ballroom Auction with 25 properties b. 10 Statewide On Site Caravan Auctions including more than 150 properties. 3. United States Bankruptcy Court Trustees a. Southern and Middle District of Florida b. More than 50 auctions involving real estate and personal property. 2 4. Cumberland Farms, Inc. a. Real Estate auctions conducted in Florida, Massachusetts, New Jersey, Ohio, Rhode Island and Pennsylvania. b. Most real estate offered included environmentally troubled property with soil contamination. C. 4 Hotel Ballroom Auctions and 2 Statewide Caravan Auctions. 5. CitiBank, FSB a. Series of 35 Auctions conducted including 20 Hotel Ballroom events and 15 Statewide Caravan Auctions. b. Resulted in sale of more than 1,000 parcels and elimination of REO Department. 6. Harbor Federal Savings Bank a. Series of 10 Statewide Real Estate Auctions. b. Included auction of entire subdivision owned in Highlands County, Florida, 7. Bank Atlantic, FSB a. Series of 5 Statewide Real Estate Auctions. b. Auction of an environmentally -troubled asset in Jacksonville, Florida. 8. Lewis B. Freeman, Receiver for Bogdan Financial Group, Inc. a. Real estate auction conducted May 1, 2003 which included 58 properties. b. Auction was attended by more than 1,200 people producing sales exceeding $3,500,000.00. C. All properties offered were sold with contract closings within 30 days of event. d. Final prices represent 110% of Broker Price Opinions. 9. Developed Subdivision Lots a. National Auction Company has conducted real estate auctions in Florida, Georgia and North Carolina for developers with unsold developed lot inventories and lenders acquiring similar lots through foreclosure. Each auction has been successful because efforts were made in advance to insure the event was properly promoted and information was readily available to prospective bidders. Typically, these auctions have been conducted on site under all weather tents installed at each subdivision which allows creation of an ideal atmosphere for the event. Weather conditions are not controllable, however, we have never had to postpone any auction because of inclement conditions at auction time. b. Examples of similar auction events 1. First Union National Bank of Florida (Wachovia). a) Boynton Beach, Florida b) Homossassa Springs, Florida c) Winter Haven, Florida d) Cape Coral, Florida e) Charlotte County, Florida f) St. Mary's, Georgia 3 2. Harbor Savings Bank a) Avon Park, Florida b) Fort Pierce, Florida 3. Resolution Trust Corporation a) Wellington, Florida b) Jacksonville, Florida c) Tampa, Florida d) Orlando, Florida 4. Developer Auctions a) Asheville, North Carolina b) Calhoun, Geogia c) St. Lucie West, Florida d) Fort Pierce, Florida (5) e) Hardee County, Florida f) Ridge Manor, Florida g) West Palm Beach, Florida h) Sebring/Lake Placid/Avon Park, Florida i) Stuart, Florida III. Personal Property Experience A. Genera/ Besides offering and selling many types of real estate, National Auction Company also contracts for personal property auctions. Many of the auctions we have conducted have been for Trustees appointed by The United States Bankruptcy Court or lenders who have acquired assets that must be liquidated quickly. We also contract with state agencies, municipalities and county governmental agencies for auctions of many types of items that have been declared surplus. B. Specific Experience 1. City of Delray Beach, Florida 2. City of Jacksonville, Florida 3. Miami -Dade County Public Schools 4. School Board of Broward County, Florida 5. United States Marshals Service 6. City of Fort Pierce 7. St. Lucie County, Florida 8. Martin County Fair Association 9. The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation 10. Miami -Dade County 11. Broward County Board of County Commissioners 12. GMAC Commercial Finance C. Project Management Many of the personal property auctions we conduct include responsibility for management of the auction site for extended periods of time. Usually this provides time to organize the assets that are to be sold, conduct the auction and supervise remcval of assets by purchasers. Every effort is made to assure the success of the auction and protect the premises until the event has been completed. Hands on management sometimes requires locating 1.2 a temporary office on site. Our efforts have resulted in hundreds of successful auctions and not one injury or insurance claim. III. Conclusion National Auction Company has a proven record including property management . Some sellers include in the auction assignment management of assets until the time of sale and contract closing. We have also acted in the capacity of real estate brokers and consultants to other auction companies and sellers with complicated properties. As with other facets of our business, every effort is made to responsibly manage every assigned task. We have the proven skill and ability to get the job done on time and budget. Many of the auctions we conduct result from referrals of satisfied clients who need of our services again. We take pride in being asked to work with many of the same sellers year after year or whenever they again need the services of a professional auction company. When you decide to sell your real estate or personal property and want to consider an auction, we hope you will consider us. Auctions are our only business and every effort will be made to give your property exposure to as many markets as possible. Because auctions are a specialty, the company you employ must understand each phase of the process and know how to best offer your particular property. 5 Principal of the Com an George Richards George Richards serves as President of the company and Principal Auctioneer. Included in this package is a resume' detailing his experience. He is a seasoned auctioneer with more than 18 years of experience and has offered and sold nearly every type of real estate and personal property. Prior to entering the auction profession in 1985, he was employed by commercial banks in South Florida specializing in real estate, commercial and construction lending. During this time, experience was gained managing and selling large portfolios of troubled assets which included many real estate related work outs. This experience is extremely valuable as an auctioneer in planning, negotiating, managing and conducting auctions. To date, auctions have been conducted in more than 40 different states. Experience teaches every seller is different with individual motivations for wanting to sell, however, every seller expects the very best service and dedication from the company chosen to conduct their auction. Every seller has one common goal, obtaining the highest possible price for their property and the knowledge money was not left on the table. To make every auction successful, attention is paid to details from the day the auction is negotiated until the time of settlement. We are a diversified company who has been employed by large corporate sellers, developers, government agencies, mortgage lenders, commercial banks, Bankruptcy Court Trustees, Court Appointed Receivers and individual property owners. Successful auctions are not the result of good luck and depend upon organization and a well -thought out strategy in advance of the event. There is no substitute for experience gained from conducting auctions on a full-time basis for the last 18 years. In addition to serving as CEO of National Auction Company, Inc., George Richards proudly served as President of The Florida Auctioneers Association in 1993 and on its Board of Directors from 1989-1994. Since 1989, he has been on the staff of Florida Auctioneer Academy in Orlando, Florida instructing students about real estate auctions, bankruptcy auctions and advertising and promotion. Since 1990, he has contributed a monthly column forAuction World Magazine, a nationally recognized publication designed for auctioneers. He is a member of the National Auctioneers Association. There are many attributes needed to succeed in the auction business, however, the ability to quirky access and understand the needs of a prospective seller is vital to the ultimate success of the event. During our many years in the auction business, we have built a reputation for dealing fairly and with integrity. We welcome the opportunity to meet you and discuss your auction needs. N PROFESSIONAL EXPERIENCE George L. Richards National Auction Com an • Co -Founder (1990 - Present) • President & Principal Auctioneer • Qualifying Real Estate Broker for National Auction Company • Qualifying Auctioneer for Auction Business License • Conducts 100 Real Estate & Personal Property Auctions Annually Partial Client List • First Union National Bank of Florida • Wachovia Bank, N.A., Orlando, Florida • Sun Trust Bank, Orlando, Florida • Resolution Trust Corporation Atlanta Sales Center (RTC) • Federal Deposit Insurance Corporation (FDIC) • State of Pennsylvania Department of Insurance (Liquidations) • City of Jacksonville, Florida • City of Delray Beach, Florida • City of Fort Pierce, Florida • City of Aventura, Florida • Broward County Board of County Commissioners • Miami -Dade County • The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation • Harbor Federal Savings Bank, Fort Pierce • Bank Atlantic, Fort Lauderdale • CitiBank, FSB • Eagle National Bank of Miami • Hamilton Bank, N.A. • U.S. Bankruptcy Court Trustees - Southern & Middle District of Florida • Cumberland Farms, Inc. • Cleveland Clinic Florida • American General Finance • Miami -Dade County Public Schools • The School Board of Broward County • Various Developers, Corporations & Individuals • Host Marriott Grubb & Ellis Management Services, Inc. • The United States Marshals Service - District of Connecticut • The Department of the Treasury, Internal Revenue Service - Criminal Investigation Unit • Lewis B. Freeman, Receiver for Bogdan Financial Group, Inc. (St. Lucie County, Florida) • The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation • GMAC Commercial Finance 7 Professional Licenses Real Estate Broker • Auctioneer • Auction Business License • Auctioneer • Auctioneer • Auctioneer • Auction Firm • State of Florida • State of Florida (AU 899) • State of Florida (AB640) • State of Georgia (NR002724) • State of Pennsylvania (AU004016) • State of North Carolina (NCAL 7546) • State of North Carolina (NCAL 7552) Professional Experience National Auction Company • President & Co -Founder 1990-Present • Negotiated & Conducted Real Estate & Personal Property Auctions in 40 States • Principal Auctioneer • Real Estate Broker of Record • Real & Personal Property Evaluations • Certified as Professional Witness in U.S. Bankruptcy Court Auction Company of America • Executive Vice President 1985-1990 • Negotiated & Conducted Auctions in 37 states • Top producing Sales Associate 1986-1990 Commercial Banking (1967-1984) • Various South Florida Based Commercial Banks • Commercial, Real Estate, Construction & Instalment Lending, Special Assets, Real Estate Owned, Negotiated Work -Outs & Branch Management Frlriratinn • Gold Coast School of Real Estate - Real Estate Broker • American Institute of Banking - Various Certificates • Miami Dade Community College - AA Business Administration (1969) • North Miami Senior High School (1967) Professional Associations • Florida Auctioneer's Association - President (1992-1993) • Florida Auctioneer's Association - Board of Directors (1987-1994) • National Auctioneer's Association (1989-Present) • Florida Auctioneer Academy - Instructor (1989-Present) • Auction World Magazine - Contributing Columnist (1990-Present) • Guest Speaker - Florida Association of Realtors Convention 2001 • Guest Speaker - Florida Auctioneer Association Conventions (1989, 1990, 1993 & 1995) F AUCTION EXPERIENCE REAL ESTATE Single Family Homes Luxury Estate Homes Trophy Properties Condominiums Townhouses & Duplexes Multi -Family Residential Rental Apartment Buildings Developed Subdivision Lots Acreage (Developed & Undeveloped) Groves, Farms & Nurseries Shopping Centers Commercial Buildings Industrial Buildings Hotels/Motels Restaurants Mobile Home Parks R. V. Parks Truck Terminals Automobile Salvage Facilities Office Buildings Marinas Environmentally Troubled Properties Fast Food Restaurants PERSONAL PROPERTY Business Liquidations Specialized Equipment Inventory Reductions Computers Office Furniture & Equipment Medical Fixtures & Equipment Automobiles & Motorcycles Boats & Yachts Heavy Duty Trucks & Busses Industrial Machinery Construction Machinery Machine Shop Tools Surplus Inventory & Materials Residential Furniture Antiques & Collectibles Industrial Racking Restaurant Equipment Medical Inventory & Supplies Moving & Storage Auctions Fund Raising & Charity Auctions Aircraft Parts Inventories 9 PARTIAL CLIENT LIST COMMERCIAL & SAVINGS BANKS First Union National Bank of Florida Sun Trust Bank Bank Atlantic, FSB Eagle National Bank of Miami CitiBank, FSB Harbor Federal Savings Bank UniBank Corporation Bank of America Hamilton Bank, N.A. Wachovia Bank, N.A. CORPORATIONS American General Finance The Door Store Cumberland Farms, Inc. Kahn Groves, Inc. State Mutual Insurance Company IBM Credit Corporation Tri-W Systems, Inc. Cleveland Clinic Florida Beltman Group Moving Leasing Technology, Inc. (LTI) The Wilmington Group, Inc. Star Restoration Contractors, Inc. GOVERNMENTAL AGENCIES REAL ESTATE BROKERS United States Bankruptcy Court Trustees Hoyt C. Murphy, Inc. Resolution Trust Corporation, Atlanta Sales Center Prudential Transact Realty, Inc. Federal Deposit Insurance Corporation Allen Realty, Inc. Miami -Dade County Public Schools C.B. Richard Ellis, Inc. The School Board of Broward County V. R. S. Realty Services, Inc. City of Jacksonville Evans, Butler & Company Martin County Fair Association Re/Max Partners City of Fort Pierce City of Delray Beach City of Aventura St. Lucie County Board of County Commissioners State of Pennsylvania Department of Insurance United States Marshals Service - Southern District of Florida United States Marshals Service - New Haven, Connecticut DEVELOPERS Casto Development Clifton Homes Tate Development Corporation Knightsbridge Corporation Whispering Oaks, Inc. Bear Lakes Estates Corp. James & Vinita Phillips - Fields Ferry Development Company Max Ambach & Sons Highvest Corporation 10 PARTIAL REFERENCE LIST Mr. Oscar A. Bruni, Jr. Senior Vice President Sun Trust Bank Post Office Box 620083 Orlando, Florida 32862 407-237-4851 Mr. Donald E. Hughes Senior Vice President Harbor Savings Bank P.O. Box 249 Fort Pierce, Florida 34954 772-260-4089 Mr. Alan Levan Chairman of the Board Bank Atlantic, FSB 1750 East Sunrise Boulevard Sixth Floor Fort Lauderdale, Florida 33304 954-760-5018 Mr. Hoyt C. Murphy, Jr. (Pat) President Hoyt C. Murphy, Inc. Realtors 411 North U.S. One Fort Pierce, Florida 34950 561-461-3250 Mr. William Spencer, Esq. Gunster, Yoakley & Stewart, P.A. 500 East Broward Boulevard Fort Lauderdale, Florida 33394 954-468-1399 Ms. Jacklyn Rooney Purchasing Supervisor City of Delray Beach 100 NW 1 Avenue Delray Beach, Florida 33444 561-243-7163 Ms. Marika Tolz U.S. Bankruptcy Trustee Southern District of Florida Hollywood, Florida 33020 954-923-6536 Mr. Jack Ambach Max Ambach & Sons 21218 St. Andrews Boulevard #414 Boca Raton, Florida 33433 561-826-0081 Mr. Robert Breiner Miami -Dade County Public Schools 7004 SW, 41" Street Miami, Florida 33144 305-995-3012 Mr. Dykes C. Everett, Esq. Winderweedle & Haines P.O. Box 880 Winter Park, Florida 32790 407-246-8665 Mr. George W. Mathews, Esq. 1325 South Congress Avenue Suite 104 Boynton Beach, Florida 33426 561-738-5501 Mr. Terry Simpkins Senior Vice President Wachovia Bank, N.A. 800 North Magnolia Street, Suite 800 Orlando, Florida 32802 407-649-5073 11 Mr. John R. O'Connor United States Marshal District of Connecticut United States Courthouse 141 Church Street New Haven, Connecticut 06510-2030 203-773-2107 Mr. Hugh Dates Special Deputy Receiver State of Florida Department of Financial Services Division of Rehabilitation & Liquidation P.O. Box 0817 Miami, Florida 33152 786-336-1350 Mr. Chapman Smith, Esq. 3208 Arbor Lane Hollywood, Florida 33021 786-229-2206 Mr. David Simon, MD 201 North University Drive Suite 106 Plantation, Florida 33324 954-472-2007 Mr. Frank D. Tucker, Jr. Senior Vice President (Retired) First Union National Bank of Florida 1686 Margaret Walks Road Green Cove Springs, Florida 32043 904-284-2844 Mr. Alan L. Goldberg Bankruptcy Trustee 111 SW 3 Street Suite 701 Miami, Florida 33130 305-372-1100 Mr. Reggie David Sanger, Esq. 208 SE Ninth Street Fort Lauderdale, Florida 33316 954-463-8547 12 Frequently Asked Questions We understand most people have never hired an auction company or even considered an auction as a viable alternative to other forms of sale. Accordingly, it is expected there will be general questions which are answered on this form. It is not possible to know every question a prospective seller might have since no two auctions are exactly alike. It is our hope the answers provided will be helpful to you. We stand ready to answer other specific questions or concerns you may have related to the sale of your real or personal property and welcome the opportunity to meet with you in person. 1. Who is National Auction Company? A. National Auction Company was founded in 1990 by George Richards who continues to operate and manage it from headquarters located in Boynton Beach, Florida. Most of the auctions we conduct take place on site so there is no need for a warehouse. B. We usually conduct about 100 auctions annually and specialize in the sale of real estate. In addition, we conduct many other types of auctions that have included all kinds of assets. 2. Is the company licensed and insured? A. National Auction Company is licensed by the State of Florida as a Real Estate Brokerage Corporation. George Richards is the qualifying real estate broker for the firm and has been licensed through the Florida Real Estate Commission since 1985. B. National Auction Company is licensed by the State of Florida as an Auction Business (AB640) and George Richards is the qualifying auctioneer holding license number AU899. George Richards is also licensed as an auctioneer in Georgia, North Carolina and Pennsylvania. C. National Auction Company is fully insured. 3. Have you ever sold a property like mine? A. We have offered and sold many types of real estate and personal property over the years. Just as each seller is different and has differing motivations for selling, every auction provides unique challenges. Because we have conducted so many different kinds of auctions our experience enables us to take charge of your property. It is extremely important to the outcome of the auction that the company you chose has an extensive background and knowledge of the auction process and your property. Successful auctions are the result of hard work and dedication to details. B. National Auction Company has successfully offered all kinds of real estate including residential, multi -family residential, commercial, agricultural, industrial, undeveloped acreage, developed subdivision lots and many other kinds of specialized properties. We have also sold packing houses, citrus groves, farm land, ranches, plant nurseries, acreage and complex commercial and industrial buildings. This experience enables us to correctly present your property to the marketplace and provide potential bidders with information they will need in advance of the auction. C. We have also offered and sold nearly all types of personal property which is more fully described in another section of this proposal. The ability to understand what is being sold and who will have the most interest in it is extremely important to every seller. While many bidders are attracted to auctions by the lure of a bargain price, our efforts are devoted to marketing your assets so that the highest prices can be attained on auction day. ' D. On auction day there is no substitute for experience. While other companies may offer discounted commission rates, the main focus should always be toward achieving the highest possible return for your assets or property. E. Some properties require special attention to attain the best results at auctions. Even though we have offered and sold all types of real estate, sometimes other professionals are added to our team to augment our own experience. 4. What are the ingredients of a successful auction campaign? A. It is important the company yo chose has the knowledge, skill and experience to market your property. On auction day, there is no substitute for experience. B. Prior to accepting your auction, we carefully investigate the property or assets that are to be offered. Most real estate can be sold at auctions, however, there are some properties that are difficult to sell in this venue. As real estate brokers we understand your property and will be able to provide you with advise based upon our vast experience. Some real estate franchises offer their associates an auction program, however, selling real estate at auctions has very little in common to most conventional real estate listings and procedures. Conducting a successful auction campaign requires experience which can only be gained from actual working knowledge. One of the first steps in the auction process is investigating your property and making an evaluation of it. Likewise, some inventories or other types of fixed assets may not always be suited to an auction. When we meet, it will possible to share our opinions and suggestions with you. C. Each property or items of personal property offered at an auction require a well -thought out marketing and promotional campaign designed to attract attention to the asset to be offered. This is accomplished through an aggressive advertising and promotional budget which is specifically designed to meet the needs of each auction. As each budget is prepared, our focus is geared toward promoting your property and attracting attention to the event. D. Generally, most auction marketing budgets include custom-made signs, printing of flyers or brochures, newspaper advertising and internet advertising. There are other forms of media that can be used, however, many have long time leads which are not usually suited to an auction. Depending on the auction and market in which the assets are located, we might recommend television or radio advertising in combination with other traditional forms of advertising. E. All methods of advertising and promotion are designed to provide maximum exposure to your property. 2 F. When more complicated properties or inventories are offered at an auction, the ability to supply bidders with information is critical to success. It is difficult to include complete information in an auction brochure since its main purpose is attracting attention to the property or assets being sold at auction. From a practical standpoint, it is better to provide a separate package of information for the use of prospective bidders. Usually this kind of specific information is contained in a Supplemental Property Information Package. This package provides prospective bidders with details of the asset being offered including copies of appraisals, tax assessor information, environmental reports, property surveys, leases, rent rolls, profit and loss statements or other property specific data. Packages we generate are professional organized so they will be easy to read and understand. Generally, since most prospective bidders expect this information to be provided to them by the seller, the packages we develop are supplied without charge. G. Understanding the property, your motivation to sell and commitment to the success of the auction are one of the most important ingredients to the auction process. Achieving the best possible results requires investigation of the assets to be offered so that those with the highest level of interest can be targeted for the auction. Unanswered questions leave a negative connotation and can serve to create doubt. Accordingly, we make every effort to find out as much as possible in advance of every auction. Some real estate is very complicated and every effort must be made to supply detailed information to prospects as quickly as possible. This allows them to make their own investigation before the auction date allowing a determination of the level of interest in your property. 5. What kind of auction should be used? A. There are two basic auction formats commonly used in the industry. Both forms of auctions work well when sellers are committed to selling. B. Absolute Auction - In this format, the property or assets being offered are sold the highest bidders without any other conditions attached. At most auctions, bidders are required to display some form of deposit, usually cash or the official check of their bank to show they have come prepared to participate in the auction. Past experience indicates this form of auction attracts the most attention as bidders come knowing the property will sell to someone. Some bidders are only willing to investigate a property or auction when they know whatever is being offered is going to be sold. At the same time, there are circumstances when it is not possible to offer a property at an absolute auction. In addition, some people perceive when something is being offered at an absolute auction that the final price will be very low. From having conducted more than 1,000 auctions, it has been our experience absolute auctions attract more qualified bidders who come to the event prepared to pay a fair price. C. Subject to Confirmation - When this format is used, sellers retain the right to accept or reject the top bid price. In the event the price is determined not to be acceptable, the bid can be rejected by the seller. This auction format is 3 very common when real estate is offered and in court ordered situations where final prices must be confirmed by official action of the court. D. Determination of the best type of auction - When we meet with you and consider the property to be offered, a recommendation will be made as to the best form of auction. There are many factors to consider when making this decision: 1) Present market conditions in the area where your property is located. 2) Location and desirability of the property. 3) Physical condition of the property. 4) Financial conditions such as mortgages outstanding, liens or other special conditions imposed. 5) Number of similar competing properties on the market. 6) Some sellers are very reluctant to offer their property at absolute auction fearing final prices will be far less than market value. From the standpoint of an auctioneer, the commitment of the seller to the success of the auction is far more important than the form of auction employed. It is really more important for potential bidders to understand it is the intension of the seller to liquidate the asset on auction day. E. Is it possible to advertise an absolute auction and set a minimum price? 1) Most states have laws designed to preclude false and misleading advertising. In Florida, for example, auction laws are very specific and include a definition of an absolute auction. When an absolute auction format is used, the property must be sold to the highest bidder without regard for the final price achieved. In addition, anyone offering real estate at auction must be licensed by the Florida Department of Business and Professional Regulation, Real Estate Board as either a Broker or Salesman. Under provisions of these laws, brokers and their associates must provide dependable and factual information to prospective bidders. Advertising an auction as absolute when there are conditions which make it otherwise would be considered fraudulent advertising by the Florida Real Estate Commission. 2) When we meet prospective sellers, target prices are usually one of the topics of discussion. It is important for us to know what price you expect since this provides an insight into your motivation. Our efforts are focused on obtaining the highest possible price, however, market conditions and the terms and conditions governing the auction must be taken into consideration. Setting a minimum price while advertising an absolute auction will only serve to hamper the final price achievable on auction day. 3) It is extremely important that once an auctioneer is hired for your objectives to be met. If your price expectations are not reasonable based upon market conditions, there is no reason to consider an auction. 4 6. What is your companies record of success for properties taken to auction? A. During the past 14 years the majority of the properties we have taken to auction have been sold. It is also important to note there is really no sale until a closing takes place. Ninety-nine percent of the contracts we have written have closed. This is the result of our experience, knowledge of many types of properties and commitment to keeping our word to you. B. Successful auctions begin on the day we start working with you as we work toward an auction event date. It is important for you to know all efforts are being made to promote your property and agreements made are being met. C. Most personal property we offer is sold at absolute auctions. We make every effort to advertise the auction in a manner that allows assets to return the highest possible dollar value. As noted, it is very important to spend time in advance of the auction determining targeted purchasers for the event. The ability to attract bidders to the auction with knowledge of the assets being offered is beneficial to the outcome of each event. 7. What price should we expect to receive at auction? A. The answer to this question is complicated because there are many factors to be considered including the amount of the last asking price or expectation that a property will bring its appraised value. In either case, assuming a listing price was appropriate or that an appraisal correctly states current market value, it is reasonable to expect on auction day something near that level. B. Sometimes properties do not sell in the conventional market due to a perception by qualified purchasers that the asset is overpriced. There are times when Realtors take listings even though their perspective of the asking price indicates it may be difficult to achieve based upon current market conditions. C. When a property is taken to auction, it is reasonable to expect prices in the range of 75-85% of the last listed price assuming the last listing price was based upon reality in line with similar properties. D. It is possible for prices to exceed expectation, however, each sale depends upon the property being offered, its physical condition, market conditions, number of competing similar properties that are on the market and availability of mortgage money. E. In the case of most personal property sold at auctions, final prices can be predicted. Many times, however, prices bidders are willing to pay depend upon the manner in which the assets are merchandised and sold. Knowing the best means of setting up the auction is very important to the final outcome of the event. Market condition and the condition of the assets to be offered also must be considered for every auction assignment. 8. How is the auction company compensated? A. At most auctions we conduct, a 1 0% Buyer's Premium is added to the final bid price and then included in the contract price and usually becomes our compensation for the auction. It is important to understand the Buyer's Premium is added to the top bid price and included in the final contract price 5 with payment made to us at the time the contract closes. 13. There are some instances in which a standard commission is suggested instead of a Buyer's Premium. Commissions are paid at the time the contract closes. C. When offering personal property, our commission is usually based upon a 10% Buyer's Premium which is generally accepted in the industry. On most auctions, settlement with the seller typically occurs 10-15 days following the event. 9. What happens if there are no bidders at the auction? A. It is rare for this to happen since we have conducted auctions in nearly every Florida county as well as 40 other states. Every possible step is taken in advance of the auction to assure there will be bidders present and ready to take part in the event. B. At times, due to extremely inclement weather, such as a hurricane or other natural disaster, it may be necessary to postpone or reschedule an auction. Having been in the auction industry for the last 18 years, we have never had to postpone an auction because of inclement weather. C. From past experience, if there are no bidders present who want to participate in the auction, the reason is usually lack of interest in your property. Again, our experience indicates this can be overcome through aggressively advertising and promoting the auction as a date is worked toward. Some properties have special challenges which can best be addressed long before the auction date. One of the most common problems occurs when prospective bidders have preconceived notions that the owner of a property expects a certain price and will not accept anything less. This can be overcome by aggressive advertising and making it clear to interested prospects the owner plans to sell the property. Once an auction agreement is reached, it is best to route all inquiries about your property to us. 10. How wiH others perceive an auction of my property? A. Auctions should not be considered as the last choice of sale since they are consistently used for the sale of almost every type of commodity in our country and establish market prices. Consider some of these common types of auctions that you will be familiar with; 1) Automobiles (Used car markets & collector vehicles) 2) Cattle & agricultural products 3) Fine art, antiques, memorabilia & collectibles 4) Interest rates (Federal Reserve System) 5) Court ordered sales (Estates, Bankruptcy, Foreclosure, etc.) 6) Charity fund-raising events 7) Agricultural products 8) Sale of surplus items from local School Boards, County Governments, State Governments and Federal Agencies B. Auctions are as much a part of America as any other system of exchange. As bidders and others observe auction promotional materials, they see a motivated seller with a reason and purpose to sell. C. Many sellers preferthe auction method of sale over conventional listings with real estate brokers. C.1 D. The price achieved at auctions reflect current market conditions and is worth more than a negotiated sale that may not occur for a protracted period of time. Time equals money! E. A unique advantage of an auction allows many interested prospective bidders to come to one location at one time to competitively bid for whatever is being offered. Instead of having only one prospective purchaser who may make unreasonable offers or insist on conditions that are unacceptable, there are multiple bidders gathered to bid on your property. 11. What are standard terms and conditions at an auction? A. General The purpose of every auction is to provide a means through which the asset being offered will be sold on a date certain. Terms and conditions are a very important ingredient to every auction and must be fair to the seller and potential purchasers. When terms of sale are made too stringent, bidders may become reluctant to actively participate in the event. At the same time, the terms of sale must be written clearly and thus alleviate misunderstandings. B. As -Is In most cases including real estate and personal property, purchasers are required to take the assets as they are, that is, in their present condition. When offering real estate, prospective bidders are provided with specific times to preview the property being offered. Sometimes bidders request special times to inspect properties or have professional inspections made of the property being offered. To the extent possible, we make every effort to accommodate requests knowing that bidders willing to spend time investigating a property are usually good prospects. In the case of personal property, bidders purchase also purchase in as -is condition. We make every effort to provide as much information to bidders as possible including disclosure of defects brought to our attention. C. Closings In the case of real estate, most purchase agreements call for closing within 30 days of the auction. This allows time for the purchaser to obtain financing, perform required inspections or appraisals. Even though auction contracts of sale usually require purchasers to pay cash, many obtain mortgage financing. When personal property is being offered, purchasers are usually required to pay in full at the conclusion of the event. D. Contract format We have developed a special contract for use at real estate auctions which is free from contingencies contained in most other standard contracts. It is a very simple form setting forth the terms and conditions announced at the auction. While we always are open to suggestions from others, most of the time there is little deviation from this contract form since it has proven to be very effective. E. Forfeited deposits It is extremely rare for an auction contract not to close. One of the reasons is that purchasers are required to place 10% of the purchase price into escrow at the time the contract is executed. The contract indicates if the purchaser fails to close, those funds are subject to forfeiture. 7 Under normal conditions, should this occur, funds held in escrow that are forfeited are divided between the auction company and the seller unless other arrangements have been made. 12. Once an agreement is reached to conduct an auction can the property still be sold? A. An auction is a tool for motivated sellers. Once an auction is agreed to, the property can still be sold outside of the scheduled event even though many times those making offers in advance of an auction date are driven to make an offer without the influence of other qualified bidders. When pre event offers are made we always communicate them to sellers. Past experience indicates sometimes bidders make unrealistic offers in advance knowing it is likely the seller will reject them. Sometimes offers are made as a means of determining the lowest price a seller might accept. It is very important for skill and judgement to be exercised when dealing with pre event offers. B. By using an auction, there are three types of sales which can occur: 1) Before the scheduled event date. 2) At the auction. 3) After the auction. C. It is not common to allow the sale of personal property in advance of an auction. In most cases, purchasers desire to make offers on better or more marketable items while leaving the rest. Accepting pre auction offers make the outcome of the auction event difficult to predict. As with other parts of the auction process, when offers are received, final decisions concerning how this should be handled is done through consultation with the sellers. 13. If the property is sold outside of the auction, how is the auctioneer paid? A. As licensed real estate brokers, every offer, verbal or in writing, will be brought to your attention. In the event the decision is made to accept the offer, our commission is subject to negotiation and based upon a percentage of the contract price. B. When an offer is received, we will work with you in determining the best course of action to take. C. Generally, when an offer is made, we suggest the terms of sale be similar to those which would have applied at the auction. It is important to see the transaction to its completion and usually auction advertising will continue until the contract closes. This creates an urgency upon the purchaser knowing auction day is approaching. 14. Who pays the closing costs at an auction? A. Closing costs can be negotiated to meet almost any situation, however, generally the following applies- 1 ) Documentary Stamps on Deed - Purchaser 2) Title Insurance Policy - Seller 3) Survey - Purchaser 4) Real Estate Taxes - Prorated between Seller and Purchaser 5) Home Owner's Association fees prorated between Seller and Purchaser 6) Advertising & Promotional Budget - Seller B. Having an understanding about who pays for specific expenses connected with the closing eliminates confusion as most bidders want to know what they will be expected to pay for at the time of closing. C. Since most auction contracts of sale require purchasers to comply with special conditions, it is usually best for the seller to pay the costs of obtaining a current title insurance policy. This allows the seller to control the closing including selection of the company or attorney who will be handling it. 15. Can National Auction Company provide other services to us? A. Because of our background we have the ability to provide other services to seller including the following: 1) Comprehensive Property Management 2) Construction Management & Rehabilitation 3) Property Assessment 4) Property Clean -Up & Maintenance 5) Asset Evaluation (Real & Personal Property) 6) Coordination of closing B. In some cases, sellers are no longer living in the area where their property is located. We have the expertise and trust to take the keys to your property and oversee it until it is sold. As part of our service, we drive by your property on a regular basis to make certain it remains secure. C. In some situations, experience indicates it is a good idea to seek the assistance of a local mortgage company or bank in the marketing process. We have worked with many lenders who agree to offer special financing for auctions and assist potential bidders with pre qualification for mortgage financing. This allows bidders to come to the auction with an additional layer of confidence knowing mortgage money is readily available to them. D. National Auction Company is well qualified to conduct field inspections of almost any type of real estate or personal property. Information provided to sellers is well researched and based upon opinions developed from years of experience or actual conditions observed at a property location. Reports generated for sellers include detailed information and photographs supporting conclusions reached. From time to time National Auction Company has offered testimony required by State or Federal Courts and has been certified as Professional Witnesses. 16. What makes National Auction Company a better choice ? A. National Auction Company takes pride in every event we conduct and fully understands the trust that must exist for the auction to be successful. We understand it is not every day you need the services of an auctioneer, however, every effort is made to assure the success of your auction. It is important to sell each parcel for top dollar. B. We want you to know every possible stone has been turned to present your property to the market. There are other considerations in selection of an auction company which should be of importance to you including: 1) Experience and past auction successes. 2) Ability to understand the property being offered and how best to market it. 3) Professional ability to conduct and staff the auction. 01 4) Confidence the auction company will take every step to assure the contract closes in a timely manner and any requirements of the seller are fulfilled. 5) Confidence the terms and conditions developed for the auction protects the owner from future liability and litigation. -- 17. What should we do if our property is presently listed with another real estate broker? A. Many of the auctions we conduct are referred by other real estate brokers. Sometimes the referral comes as a result of an inability to locate a buyer or changing needs of the owner. In other cases, a listing may be about to expire and the owner has asked the broker to assist in finding an alternative form of sale. B. While each situation is different, in most cases auctions can be conducted in cooperation with your broker. This allows them the opportunity to participate in the auction process and assist with the sale of the property. In such cases arrangements are made with the broker to assist us with the auction in exchange for a portion of the commission earned. C. We also offer real estate brokers and their associates the opportunity to earn commissions by registering prospects for the auction. A portion of the earned commission is paid at the time of closing when they have registered the winning bidder who goes to contract and closing. Our policy is designed to attract attention and encourage active participation. 18. Are most of your clients pleased with the services delivered? A. We make every effort to complete each auction so our clients are pleased with our services and will think of us again when there is another property or situation with auction potential. When we lose an account is usually only because of statutory restraints brought about by the necessity of rebidding a contract. We have worked for some of the same sellers since the inception of the company and work very hard to make it possible for clients to be able to recommend our services to others. B. Over the course of our history, we have not been involved in litigation brought by unhappy sellers or purchasers who thought they were mislead. In addition, we have never been involved in lawsuits brought by sellers over commissions or other such matters. Throughout our history, we have never been accused of misrepresenting properties or caused sellers to become embroiled in litigation of these kinds of matters. C. We are truly team players committed to achieving results demanded by sellers who employ our services. It is always our intent to place the needs of those employing us before our own interests. This policy has been consistent throughout our history and allows sellers to know they have obtained the very best in auction services. 10 REASONS FOR CONSIDERING AN AUCTION 1. There are many advantages to an auction when compared to other vehicles typically used to sell real estate or other assets including: A. As the owner of the property, you decide the date of sale instead of waiting for months or years for a qualified purchaser to come to you- time is money! B. Costs commonly associated with the ownership of real estate or other assets can be curtailed since the auction date is usually no more than 30-45 days after reaching an agreement with us. C. Capital is freed permitting other uses, investments or changes. D. Through an aggressive marketing campaign, your assets are exposed to a vastly wider market of potential purchasers. Usually, the marketing time required for an auction is 60 days or less. E. Bidders know you are committed to selling and come prepared to participate in the auction. F. Through the process of competitive bidding, purchasers know they have paid a fair price. G. All negotiations take place while the auction is progressing without the necessity for counter offers and other similar standard negotiating tactics common to other sales techniques. H. The auction process creates competition which cannot be duplicated in private treaty negotiations. I. All interested parties are attracted to your property at the same time for one single purpose - to determine who will pay the most for it. J. When considering an auction as a means to sell real estate, it is important to understand real estate brokers show your property and others to prospective purchasers. Your property may be shown as a means of providing prospective purchasers with something similarto compare another property with. Unfortunately, this process is usually not helpful to the sale of your property. On auction day, bidders must meet pre established requirements which provide an assurance they have come prepared to participate in the event and are not there just to waste your time. 2. As the seller, you are able to control the terms and conditions of sale. A. The property is offered in As -Is condition. B. Bidders purchase using a non contingent contract. C. On auction day, a binding non refundable deposit is taken, usually in the amount of 10% of the purchase price. As a result, most contracts close on or before dates established in the written document. D. Properties sold at auctions are offered in As -Is condition using a contract form free of contingencies, except that of title. In most conventional sales contracts, once the document is signed, there is little assurance a closing date is near because of the many conditions that must be met. It must be remembered most conventional contracts are contingent upon inspection of the property, appraisal, approval of third party financing, termite inspection and other conditions. It is also typically accepted that property owners are expected to pay for or make repairs up to either a certain dollar amount or 1 percentage of the total purchase price. At auctions, once a contract is signed and a deposit taken, the purchaser agrees, in writing, to take the property in As -Is condition without additional repairs. From past experience, most close within the specified time. This allows an owner of a property to begin making other plans with the assurance there has been a sale. 3. Your property is shown to prospective bidders on a scheduled basis. A. With most conventional listing agreements, prospective purchasers are shown your property at their convenience instead of yours. B. Part of the auction plan calls for previews of your property at scheduled times, usually one or two weeks prior to the auction date. C. Sometimes, even when previews are scheduled, it may be necessary to show your property by special appointment to a prospective purchaser who was unable to attend published preview dates. Every effort is made to schedule special previews at your convenience. 4. Reduction in costs associated with sale of real estate. A. In most cases, the auctioneer's commission will be a Buyer's Premium which is added to the top bid price and included as part of the total contract price. B. Closing costs are greatly reduced and can be negotiated. 1) Documentary stamps are usually paid by the purchaser. 2) Title Insurance Policy is normally sellers' expense. 3) Real estate taxes prorated to the date of closing. C. As with other aspects of the auction process, closing costs can be negotiated to meet your needs since they are included in the terms and conditions of sale and announcements which precede the start of the event. 5. Personal Property and Other Assets A. Through aggressive marketing and promotion, assets can be liquidated more efficiently and on a date and time certain. B. All assets are sold on one or two days instead of waiting for weeks or months. C. Costs common to large warehousing are greatly reduced as most auction purchasers remove all merchandise immediately following conclusion of the event. This allows a warehouse to be returned to a landlord in a much shorter time frame thus reducing costs. D. Most auctions can be conducted on the premises eliminating the need to transport inventory to other locations. E. Bidders purchase the goods in As -Is condition and for Cash eliminating costly returns and restocking charges. 6. Reasons live auctions provide better results than electronic auctions. A. Our world has drastically changed with the advent of electronic on line auctions such as E-Bay. Almost any kind of property including real estate, heavy equipment, inventory, fine art, automobiles and other items can be found on these electronic sites. As a seller, there are many disadvantages that must be taken into consideration and balanced against potential benefits. 2 B. At live auctions, bidders are present and have the ability to observe the present condition of items being offered for sale. This eliminates the concept commonly referred to as buyer's remorse which may cause purchasers to seek reasons to return items purchased on line. Prior to the start of live auctions, announcements are made which govern the conduct of the sale which limits post auction complaints from purchasers. C. When items are offered and sold on-line, problems can occur prior to actually receiving payment from purchasers. While there are services available to make on-line payments simpler, at live auctions, purchasers typically are required to pay in full at the conclusion of the event. Sellers can leave the auction site knowing when final settlement with the auctioneer can be expected. D. When selling on-line, it is usually the responsibility of the seller to make arrangements for shipment of the items to purchasers. At live auctions, purchasers make their own arrangements for taking possession of whatever has been purchased. E. At live auctions, sellers and purchasers are assured they are dealing with a licensed and insured auctioneer and/or auction business. Auctioneers in Florida must comply with Florida Statue 468 which requires possession of a valid licence which serves to protect sellers and purchasers from unscrupulous businessmen. Those licensed in Florida are required to meet rigid standards to obtain and maintain their ability to operate. 3 1 BY ORDER OF MIAMI-DADE COUNTY PUBLIC SCHOOLS UCTION Buses • Maintenance Trucks • Vans • Cars • Storage Trailers • Tractors Equipment Trailers * Step Vans • Equipment e A/C Chillers • More! 1 10:00 a.m. • Saturday • November 4th ° NATIONAL AUCTION o C O M! P A N Y o Licensed Real Estate Brokers & Auctioneers AU899 • AB640 1-500-659-7004 www.natlauction.com O Copyright 2000 national Auction Compam PARTIAL INVENTORY School Buses 108 Buses 1986, 1987 & 1988 International Ward & Bluebird Bodies Mostly 65 Passenger Diesel Engines -Automatic Transmissions - Air Brakes Heavy Duty Trucks GMC with 20 Foot Box (5) Internationals with 20 Foot Boxes Service/Maintenance Vehicles (16) GMC 3500 Step Vans Ciievruiei & uiviC 1 Tarr Truuiw will Uiiiiiy Bodies Ford F700 Dump with Dump Body Chevrolet. GMC & Ford Vans Trailers (10) 40-45 Foot Trailers (4) Heavy Equipment Trailers Storage Trailer (Wells Cargo) Other Vehicles Pick Up Trucks Automobiles Other Equipment Ford Tractor Model 340A (Diesel) Ford Tractor Model 545 A with Front End Loader (Diesel) Tillers Mauldin Asphalt Paver (Model L-50) Portable Concrete Mixer Mowers A/C Chillers Boilers Portable Chiller mounted on 40 Foot Trailer Heavy Duty Truck Lifts (Platform & Wheel Lifts) Tandem Axle Rooting Kettle Auction Conducted at: 4300 S.W. 74th AVENUE MIAMI, FLORIDA I BY ORDER OF MIAMI-DADE COUNTY PUBLIC SCHOOLS UCTION SURPLUS EQUIPMENT 10:00 a.m. • Tuesday 9 December l lth I Auction Conducted At 50 N.W. 14th Street 1 (Richard's Warehouse) I Miami, Florida TIAL AUTI�JNrNAON C O M P A N Y o Licensed Real Estate Brokers & Auctioneers A U899 a AB640 1-500-659-7004 www.natlauction.com 0 Copyright 2001 National Auction Company PARTIAL INVENTORY General (6) Electric Pallet Jacks (4) Golf Carts Window Air Conditioning Units (Large quantity) Central Airconditioning Units Wall Air Conditioning Units Washers/ Dryers Household Refrigerators, Ranges & Ovens Household microwave ovens Portable Swimming Pool, Pump & Filter Pianos Kilns Hospital Beds Stone Portable Mixer (Tow -Behind) Electronics Hitachi Data System (Large Commercial Computer System) Computers( Desktop & Loptop) Printers Fax Machines Color Televisions (Large Quantities) PC Viewer Panels Projectors Video Cameros Video Recorders (VCR) Photocopiers Two -Way Radios Restaurant - Cafeteria Equipment Stainless Steel Steam Kettles Blodgett Convection Ovens Commercial Refrigeration Troulsen Stainless Steel 1, 2 & 3 Door Freezers & Refrigerators McCall Stainless Steel 1, 2 & 3 Door Freezers & Refrigerators Ice Machines Convection Steamers Milk Coolers International Dynetics Waste Shredding Machine (Power Plates) Hobart Mixers (several sizes and capacities) Hobart Slicers & Choppers Champion Machine Corporation (Bread & Dough Roller) Food Warmers Salad Bars Stainless Steel Triple Compartment Friolotors Market Forge Sterilizer Vulcan Ovens Garland Commercial Stoves Microwave Ovens Hot Dog Carts Ice Creme Freezers Printing Equipment Multi 1360 Offset Printing Press AB Dick 360 Offset Printing Press AB DICK 385 Offset Printing press Champion Paper Cutters Thermo Forming Centre Paper Drills (3 hole) Dynamic Bindery Machines Electric Stitcher$ Staplers Large Capacity Copiers with sorters Automotive Shop Equipment (2) 15 Ton capacity truck lifts Sun Interrogator 2 Electronic Analysis Machine Sun Gas Analyzer Sun MCS 4000 Modular Computer System Analyzer Sun Computer II Model 1215 Analyzer Sun Tester (Hydrocarbon & Carbon Monoxide) Coats 1001 Electronic Wheel Balancer Snap-On Electronic Wheel Balancer Ammco Brake Machine Miller Welder & Generator Lincoln Arc Welders RELS Manufacturing Brake Lathes K.O. Lee Grinding Machines Dayton 15 Ton Hydraulic Press Air Compressors (Portable) Parts Cleaner Beam Automotive Computerized Analyzer Machine Shop lools Keller Electric Hack Saws & Chop Saws Southbend Lathe (5 Foot Bed) Clnninatti Milling Machine Buffalo #21 Hydraulic Milling Machine Powermatic Drill Press K, O. Lee Milling Machines Bridgeport Milling Machine Metal Bender Wood Shop Tools Powermatic Lathes (Various Sizes) Drill Presses (Various Sizes & Power Source) Scroll Saws Rockwell Table Saws Delta Table Saws Delta Bond Saws Powermatic Bond Saws DeWolt 790 Chop Saws Powermatic Planers Delta Joiners Floor Mounted Grinders Floor Mounted Polishing Wheels Delta Power Sanders CommerCiol Sewing Machines Juki Reece American Janitorial Equipment Floor Polishers Floor Maintainers Commercial Vocuums High Pressure Steam Cleaning Machine Pressure Washers Lawn Equipment Riding Lawn Mowers (Snapper) Walk Behind Mowers Edgers Gas Powered Line Trimmers Gas Powered Blowers Gas Powered Vacuum (Billy Goat) Please note: This list may not Include every item included in this auction. Please plan to attend this large event. Items may be previewed on auction day starting at 8:00 A.M. By Order of United States Bankruptcy Court - Southern District of Florida & State of Florida, Department of Financial Services Division of Rehabilitation & Liquidation UCTION By Order of The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation, Aries Insurance Company In Liquidation (Case #02-CA-1128) • 1999 BMW 528i 4-Door Sedan Full Power Accessories 41,200 Miles • 1998 Ford Expedition XLT 4-Wheel Drive Full Power Accessories 66,500 Miles By Order of United States Bankruptcy Court, Southern District of Florida In Re: Gardens Commercial Holdings, LTD. Case # 03-17362BKC-RAM - 03-17366-BKC-RA Alan L. Goldberg, Trustee • 1996 Nissan Maxima 4-Door Sedan Full Power Accessories 106,386 Miles • 1996 Honda Accord 4-Door Sedan Full Power Accessories 78,000 Miles By Order of united States Bankruptcy Court, Southern Disirict uP Florida In Re: Sharon Ball, Case # 03-17803-BKC-RAM, Alan L. Goldberg, Trustee • 1994 Buick Skylark GS 4-Door Sedan Full Power Accessories 72,715 Miles One -Owner Car By Order of United States Bankruptcy Court, Southern District of Florida In Re: AKI (Kirschner), Inc. Case it 0343547-BKC-AJC Alan L. Goldberg, Trustee - 1997 Ford E250 Econoline 1997 Ford E250 Econoline Cargo/Delivery Van Cargo/Delivery Van V-6 Engine V-8 Triton Engine Automatic Transmission Automatic Transmission Extended Cargo Body AM/FM Radio Glass Window in Door Air -Conditioning AM/FM Radio 170,300 Miles Air -Conditioning 124.197 Miles 11: 00 a.m. •Saturday • February 21 Arir-.tinn Conducted At 540 NW 165 Street Road, Miami, Florida 1325 S. Congress Avenue, Suite 202 C O W"'p ; N t:: Y 7-800-659-7004 Boynton Beach, Florida 33426 A6640 -Licensed Real Estate Brokers & Auctioneers •ALJ899 www.natlauction-com • By Order of State of FL, Both Auctions Conducted At Dept. of Financial Services 562 NW 165 Street Road Miami In Re: Aries Ins. Co. CaseNo.:02•CA-1128 By Order of US By Order of State of Bankruptcy Court - So. Florida, Auction Conducted At District of Florida Department of Financial 562 NW 166 St., Miami In Re: Gardens Commercial Services r f Holdings, Ltd. Division of Rehabilitation Case No.: 03-17362-BKC- & Liquidation - 1998 BMW528i • 1999 RAM thru 03-17356-BKC- In Re: Aries Ins. Co. Plymouth Voyager Van RAM (Jointly Administered) Case No- 02-CA-1128 1998 Jeep Cherokee i o Alan L. Goldberg. Trustee • 1997 Range Rover ' 1998 BMW528i • 1999 2001 Chevrolet Blazer 15 1 Plymouth Voyager Van 2000 Toyota Tundra • Lg. Qty. Computers 1998 Jeep Cherokee Pickup • 2002 Toyota Printers • Fax Machines • 1997 Range Rover RAV41- • 1996 Nissan • Photocopiers - Servers Office Furniture • Chairs 2001 Chevrolet Blazer • 2000 Toyota Tundra Maxima • 2001 Ford • Lateral Files . Panel Pickup • 2002 Toyota Expedition 1998 Ford Systems • (3) Forklifts RAV41- - 1996 Nissan Expedition • 1997 Rolling File Systems Maxima • 2001 Ford Chevrolet Astro Van • 1997 • Pallet Racking • Steel Expedition • 1998 Ford Nisson Quest Van • 2001 Shelving • E-Z Go Electric Expedition • 1997 Honda Civic • 1996 Work Cart • Lg Capacity Chevrolet Astro Van • 1997 Chevrolet Astro Van • 1995 Tel System • Glass Display Cases • Framed Nissan Quest Van - 2001 Honda Civic • 1996 Honda Accord • & Others & Art - Mont Blanc Writing Chevrolet Astro Van • 1995 previews; 12/18lrom 1-5P.M. 12119tmm8. 10A.M. & 1220 Pens • More Honda Accord • & Others from6.9 30 A.M. • 10%B.P Assets included will be sold individually and in bulk at All vehiclesocludedinthis auction will be subject to 1_g00-659-7004 Absolute Auction Confirmation o/the Seller NATIONAL o, u GT 0 NAT��NAL previews:12118from 1-5PM &12/19hum 8- 10A.M.&12l20from 8-930A.M.-10%B.P - o PA .•. v 1-800-659-7004 Lic RE Brkrs & Auctnrs C O M P A N Y Li RE Brokers & Auctioneers - AB640 - AU899 A8640 • AU899 www.natlauction.com www.natlauction.com BROWARD CO. BD OF COMMISSIONERS SURPLUS VEHICLES & EQUIPMENT 9AM•SAT • APR 17 1600 NW Blount Rd Pompano Beach, FL Prev: 4/15 & 16, 9-4 / Cash & Cashier's Check NgTlQphL C q M ►` A N Y 1-800-659-7004 AB640 • AU899 CITY OF DELRAY BEACH SURPLUS VEHICLES & EQUIPMENT 10 AM • SAT • NOV. 1 1700 Lake Ida Road Delray Beach, FL Prev: 8-10 am / Cash & Cashier's Check ONLY NATIONAL A U C T 1 6 N 1-800-659-7004 AB640 • AU899 ABSOLUTE AUCTION THESCHOOLBOARD OF BROWARD CO. VEHICLES & BUSES'' 10AM•SAT •FEB 23 2320 College Ave Davie, FL Prev: 8-10 am, 2/23 1-800-659-7004 NATIONAL AUCTION CO. Lic RE BrokersAuctioneers AB640•AU899 www,natlauction.com By Order of The School Board of Broward County, Florida ABSOLUTE AUCTION VEHICLES & BUSES PARTIAL INVENTORY SCHOOL BUSES 1986-1992 Intemational • Chevrolet - Ford Blue Bird, Ward & Carpenter School Bus Bodies Diesel Engines Automatic Transmissions Air Brakes Most Buses are in operable condition • (59) 65 Passenger • (16) 47 Passenger • (11) 29 Passenger AUTOMOBILES • Chevrolet Station Wagons OTHER • Bradley Equipment Trailer • Covered Utility Trailer MAINTENANCE TRUCKS Chevrolet • GMC • Ford - Dodge - Intemational • Pickup Trucks • Cargo Vans • Passenger Vans • Work Vans • High Cube Vans • Step Vans • Crew Cabs with Utility Bodies • Dump Trucks • Warehouse Trucks (24 foot with Lift Gates) • Stake Trucks • Flat Bed Equipment Carrier • Fleet Maintenance Trucks Previews: Auction Day from 8:00 a.m. until 10:00 a.m. Auction Conducted At: Directions: From the Florida Turnpike or 1-95, exit onto /-595 West and continue to University Drive exit. At 2320 College Avenue, Davie, Florida University Drive turn left and go under 1-595 to SR 84 East (Service Road on south side of 1-595). Continue to College Avenue (Nations Rent) and turn right to auction site. Watch 10:00 AM • SATURDAY a FEBRUARY 23 for auction signs. 1-800-659-7004 NATIONAL Licensed Real Estate Brokers A IL1 C T I O N &Auctioneers WWW. natlauction.com cw �, M F. A N Y AB640 •AU899 ABSOLUTE AUCTION By Order of MIAMI-DADE CO. SCHOOLS VEHICLES & EQUIPMENT 10 AM - TUESDAY • MARCH 12 4300 SW 74 Avenue, Miami INVENTORY INCLUDES: Buses 007) - Pickup Trucks, Dump Trucks - Step & Cargo Vans • Automobiles - Budd, Over -the Road, Equipment & Gooseneck Trailers • Farmall, Cub & M-F Model 255 Tractors - Skid & Front End Loaders • E/B Rollers - Cooling Towers, Chillers, Compres- sors, much more! Terms: $50 Cash Deposit • 7% BP • Cash/Cashier's checks ONLY. NATIONAL 1-800-659-7004 A U t p N Visit our website for details �_ o M P A N Y www,natlauction.com AB640 - Lic. RE Brokers & Auctioneers • AU899 ABSOLUTE AUCTION THESCHOOLBOARD OF BROWARD CO. SURPLUS EQUIPMENT Machine Shop, Woodworking, Restaurant & Office Equipment, Plus MORE! 10 AM • SAT - APR 20 6501 NW 15th Ave (B-Stock Warehouse) Fort Lauderdale, FL 1-800-659-7004 NATIONAL AUCTION CO. Lic RE BrokersAuctioneers AB640 • AU899 www.natlauction.com ABSOLUTE AUCTION MIAMI-DADE CO. SCHOOLS SURPLUS EQUIPMENT 10 AM - TUES • MAY 28 50 NW 14th St, Richard's Warehouse Miami, Florida INVENTORY INCLUDES: Restaurant/C a fete ri a Equipment • Printing Equipment - Automotive Shop Equipment • Machine Shop Tools • Wood Shop Tools • Commercial Sew- ing Machines • Janitorial Equipment • Lawn Equip- ment • General Items, ch more! Terms $50 Cash Pep • 7% BP • Cash/ Cashier's Checks only. National Auction Co. 1-800-659-7004 Visit our website for details www.natlauction.com ABB40 • AU899 FE5-15--2004 1a:7,1 RU 113-NSD114 S, M SDI: S17459�71 P.31idu CSATE (MMIDWYY" ACURb„ CERTIFICATE OF LIABILITY INSURANCE NATIO 3 02 16 04 -- 0 NFO M Tl R. v_ 3'01uisvn Insurance at Flor 250 Tequeata Drive quite 303 TequestS YL 33469 vtte:561-745-8894 Fax:561-745-8971 i WBURED �Y T best-oanal Auction Salad Co nc ng_ Boyntor.CB fe'Tsa33426#202 ONLY AND CONFERS NO RIGHTS UPON THE 0ERTIFICATE HOLDER- THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOV INSURERS AFFORDING COVERAGE I NAIL S VSURERALLSouthern Owners Inauzanac 1019D INSURER C. ---- I1tffiVRER n INStML'R * .-- ;OVLRA0L-S THE POLICIES OF INSURANCE LISTED BELOW HAVE SEEN ISSUED TO THE MISUREC NAMED ABOVE FOR THE POLICY pERIDD'NDIGA7Eq. NOTWITHSTANDING ANY REQUIREMENT, TMM OR CONDITION OF ANY CONTRACT OR OTHER vWLwaW WITH RESPECT TO,,v M THIS CERTIFICATE MAY BE ISSUED OR A?Ay PRTAX THE QATE L11� C AFFOR YEDBYTHE REDUCED s DEED RI j En HEREIN I SUaJECT -tO ALL THE TERMS. EXCLUSIONS AND CONDITIONS O" SUCH AVE EE POL,IGY NUMBER PATE IIITAM CATS MMIDGm LIMITS .TR NiR TYrE Of INiUR1lMC! _... I EAUi OCCURRENCE f ]. GG Q G 0 Q I ap ipm UAfWITY 11/02,03 I 11/02/04 PREMISESIEsaxurnx+I f 10A,000 11 I x MERCIALOEAERALLIA9ILRY 20593u13 ( FWD , 110,000 CLAuIS MADE OCCUR i I PERSONAL & ADv IPt tURY f , 0 fl qJ 0 0 GENERAL ACr' REGATt' �$2_....c 000,000 rsRoeL�cTa • coMPx�v A c f 2,000,000 WL AGGREGATE L!Mfi APPLES ER: S POLICY %Re, L , I C�MQM�O 6 W OLE LY.tIT f AUTOMOBILE LULS(UTY (itiafacldarT(I _..___��_ ANY A FO 7GE ALL OWNED AUT09 KOOILY INJURY I f (}�pf PCf1C�1) 4— SCHEOULF,D AUKS NWRED AL"TgS 1 gOO1LY INJURY f (Pei aocwd q NON�O^J:a AUTOS VFkOPER'TY DAMAUE I f I I (Fsr ■a{deft) .m �--- aARAOE LIAISILITY AUTO ONLY - EA ACWE-mT _ AC FA C $ j J ANY AUfO l ( OTHER THAN AUTO ONLY: A00 S I � EACH Cf]CURFtENCE S I EXCESW MBRELLA UABILITY ❑ 1 OQcJR CLAIMS MACE -- AGGRE:�hIiM I �� S � DEDUCTIBLE + i f RI;T1:vnmw S YIOM1REIlf? GOMPENSATION AND T'JRY' LEMfT'S I EF2 EArPLDrERi' UA9ILITY I EL. EACH AC=NT i ANY PR4OPRvr00/PAR'TNM'EKECLMVE f I cwRC8VMEAA5ER EXCLUDED? E.L. v�5fEA9E- EA EMP�_OYE If flracribrundw I I EL.OISEASE•POLIGYLIMIT f SPE�hL pROV181ON& allow ,_„� �"- OlMER I Al property $action I20593613 11/02/03 11/02/041 apiGRIPTIOM OF OpE7iAriON4 7 LOCATIANS I �'ENICLBE I R7:CLU7NON AA.Dot1l BY BMOORSEMENT 16PEGIA:. PRpVI51OH5 Sid Number' J10300721: faxed to 954-357-8535: Certifinate holder is listed as additivnal insured per 55202- 10 day notice of c2alc611&tien for nonpayment of presuium. C_RTIFICA-r Browa(rd county Board of County Comnissionor>s Yt:rcl�maing Aep� talent 111 South Jtun3:ews Ave Pt La-rdardaie rL 33301 RD 25 (200108) CANCELLATION mP*Wl i3 $MOULD ANY CW INC AgoVE OF$CKi6E0 bOUCIEF SE CA*"rLL= d86RF THE FYFHRATI< DATE TH!RE0F.'IHE158U1W0IN"RERw+_LLNDEAVORTo"L 10 pAYb'eiR"R2M NOTIOETO THE CERTIFICAT[ HOLDER NAKED TO Tut LEFT, BUT FAJLUkE TO DO So SR LL IMPaSL NO OSLIUATION DR L1$41LITY OF ANY K114D UF.')k THE INSUIRER. !TS t rCNTS OR It E1ysi�9E01 ATTY". `c174�D —1 ���'• �2u? Ian` u�'F1?�E CIF,LG�`►JE?JL L'ABL7T THIS' VDQRS�VlENT CHANG1rS pD'_il✓`r: PLEASE REA.:j IT CAF+ ADDITIORAL INSUREID EXCLUSION - PRODUCTS-COMPL E D P : A lQ s T!iis andar�eme7t madlfiies provided under :ha f-.4l=ing: CpCt1IU1�A.C1AL GSN-SALuOVSIPALGG "r-ORM- Harne of Pnraon ❑r Grgmrtz = I1+drrinnai 1n6ured). Hroward County Poard CE County CoMrr.iss-40ner-5 Purchasing' Dept. ill South Andrews Ave. Ft:. Lauderdale, FL 33301 (If no entry appsg� agave, inrorrneticn regairuid t:� ccmplet:e th:a endcrsnmar>~ -rill ba rhMrl the Dec4aratturc as applleabis to thip 5ndareerrnM7+ )_ Jnder Sec pan 11- WHO IS AN INSURED, t`11e.�uowir,g is added: `hra person ar'arysn(zattan Sheurr, in the above Schedule 15 rut Addttlnnai Insured, hk�t cr,ly u►ith respncttc ltebi)tt i erisin 8 otrt at. "your, wore fmthEft-insured by ar icr ycn- Z Under•lcn i, GCV�P,AG, �. exclusions, the feilawir. axclusion is added: -!he Incurance providad herein to the Addtticriel Insured does not aFFIY to the pp du' .ccrRpl ed ape; tianfi 3. Under Sdctiori Ili - LIM73 OF INSURANCr-., the �cllowin� 1a added: The 11mju of lizbillty tr the Additicrte.l lnsursd ar-a,thca& G.naed�tha ed 1' m!tseprory ded Innthir., paNty � n ee Ilrlits ar& the incursd a .d.ba 011n5r, tsccea or car'tractar, nci tr. eft Inclusive a! and net in aedlticn t� the' limit6 c? Insurance drawn In the Deelaration6, 4, Under 5eatun'l�l- CO1jUlirr'lC1A:, C>rhiE'',AL LL*lL�jn GCJt�IglTiDhir�, 4. the* !naurartGs, the til�utVng a�dnd: 1'itis insurance is primary far the person or argzntzaiian s vriLr` o!.gn�ther hSdujj5lnsurancs %vallabia to "eipar n ml arising cut cf "your were tmr`,h�t person. or o-gsn►re.tlan y 5 or arvarri�aticn spawn to the 5chaduie will apply as excess ineur-snaa azd !Gt canYrld rta as prlma�y lnsuranca tc the insurancs providp,d by this endm',%amar,;. ntar�u n 5cr^:;.�'� Oti1w._ n�. 's:;'r 1� p!rrntasi�r O7"C1 ....... .. .. .. . .. ........ ..... . . . .... .... . ... ...... .. ... ......... .... . . ...... .......... ........ . . EXHIBIT "D" TR 14419 AGREEMENT THIS AGREEMENT is entered into on 2004 between the City of Tamarac , a municipal corporation with principal offices located at 7525 NW 88th Avenue, Tamarac, Florida 33321 (City) and National Auction Company, Inc., a Florida corporation with principal offices located at 1325 S. Congress Ave., Suite 202, Boynton Beach FL 33426 (Contractor) for the purpose of providing Auctioneering Services to the City of Tamarac. The parties hereby agree to the following terms and conditions. 1. In return for valuable consideration in an amount not to exceed 1.625% of auction proceeds plus reimbursement of out of pocket expenses for advertising and promotion in an amount not to exceed $3,200.00. Contractor shall comply with the terms and conditions within the Broward County Contract #J-1 03 007 B1, attached hereto as Exhibit A. All terms and conditions of the contract documents set forth in Exhibit A are incorporated herein as if set forth in full, except as modified by the proposal specific to the City of Tamarac as set forth in Exhibit B, incorporated as if set forth in full. 2. Upon execution of this Agreement, all references made to Broward Count Contract # J-1 03 007 131 in Exhibits A and B shall be interpreted as pertaining to the City of Tamarac, and all terms and conditions of Exhibits A and B shall be deemed as having been implemented for use within the City of Tamarac. It is understood that wherever the words "agency name" or "agency board name" appear, they shall be read as "City of Tamarac" and "City of Tamarac Commissioners." 3. This agreement and Exhibits A and B constitute the entire agreement between the City and the Contractor, National Auction Company. 4. Whenever either party desires or is required under this Agreement to give notice to any other party, it must be given by written notice, sent by registered United States mail, with return receipt requested; addressed to the party for whom it is intended at the following addresses. CITY City Manager City of Tamarac 7525 NW 881h Avenue Tamarac, FL 33321 With a copy to the City Attorney at the same address. CONTRACTOR George Richards National Auction Company, Inc. 1325 S. Congress Avenue, Suite 202 Boynton Beach FL 33426 PH: 800-659-7004 eVTA........ ......_.. .._ ...... ....._... .._.. ......... ._ IN WITNESS WHEREOF, the parties have made and executed this Agreement on the respective dates under each signature. CITY OF TAMARAC, signing by and through its Mayor and City Manager, and National Auction Company, Inc., signing by and through its President, duly authorized to execute same. ATTEST: Marion Swenson, CIVIC City Clerk Date ATTEST:. (Corpor to Secretary) 00 Type/Print Name of Corporate Secy (CORPORATE SEAL) CITY OF TAMARAC Joe Schreiber, Mayor Date Jeffrey L. Miller, City Manager Date Approved as to form and legal sufficiency: Mitchell S. Kraft, City Attorney Date nal�Auction Company, Inc. ia4 Name --- ignatu►fe of President George Richards Type/Print Name of President April 19,2004 Date Cil, ............................. ...._............_._ ..... .. CORPORATE ACKNOWLEDGEMENT STATE OF FLORIDA SS COUNTY OFBROWARD: I HEREBY CERTIFY that on this day, before me, an Officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared George Richards, President, of National Auction Company, a Florida Corporation, to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that he/she executed the same. IV '' 12004. WITNESS my hand and official seal this day of I �.%�.� ��� �rT � , .••.r••r••� �•••v•• •• • • ••••� ■ Signature of Notary Public State of Florida at Large 11 i 1 lI .L / i cl �'. Print, Type or Stamp Name of Notary Public Personally known to me or Produced Identification Type of I.D. Produced DID take an oath, or DID NOT take an oath. or my INDEMNIFICATION AND HOLD HARMLESS AGREEMENT BETWEEN THE CITY OF TAMARAC and National Auction Company, Inc. This Agreement entered into on the 201h day of April, 2004 is made by and between the City of Tamarac, a municipal corporation (hereinafter "CITY"), with offices located at 7525 NW 88th Avenue, Tamarac, FL 33321, and National Auction Company, Inc., (hereinafter "VENDOR"). WITNESSETH: WHEREAS, CITY and VENDOR desire to enter into an agreement to provide Auction Services; and WHEREAS, the City Commission of the City of Tamarac has determined that the execution of this Indemnification and Hold Harmless Agreement is in the public interest. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and the additional consideration of Ten Dollars ($10.00) received from CITY, the receipt and sufficiency of which is acknowledged by VENDOR, the parties agree as follows: SECTION 1: That VENDOR shall indemnify, hold the CITY, its officers, employees and agents harmless and defend the CITY, its officers, employees and agents from any and all claims, causes of action, damages, liability, and expenses including attorney's fees in connection with loss of life, bodily or personal injury, or property damage, including loss of use thereof, directly or indirectly causes by, resulting from arising out of or occurring in connection with the Auction in the City of Tamarac. SECTION 2: The above provisions shall survive the termination of this Agreement and shall pertain to any occurrence during the term of this Agreement, event though the claim may be made after the termination hereof. SECTION 3: This Hold Harmless Agreement is in addition to any other Agreement entered into by the parties and supplements other Hold Harmless Agreements entered into by the parties. SECTION 4: VENDOR shall provide the Risk Manager of the City of Tamarac all necessary certificates of insurance in such form and amounts as required by the Risk Manager. SECTION 5: VENDOR shall keep such policies of insurance in full force and effect during the term of this Agreement and shall provide to the Risk Manager of the City of Tamarac proof of payment of the required documents. SECTION 6: VENDOR shall provide the CITY with the requisite document evidencing that the signatory for VENDOR has the authority to enter into this Agreement. SECTION 7: Venue shall be in Broward County, Florida. 1 �r r•� I// s \.n IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the respective dates under each signature: CITY OF TAMARAC, signing by and through its Authorized Representative, and National Auction_ Com any Inc. signing by and through its President or Principal, and duly authorized to execute same. ATTEST, Cor Secretary (Corporate Seal) STATE OF FLORIDA CITY OF TAMARAC By. Keith Glatz, CPPO Purchasing & Contracts Manager Date Business Company Name By: Authorized YS ig n atu re Printed Name ACKNOWLEDGMENT :SS COUNTY OF AWL: Before me personally appeared, known to me to be the person described herein and who executed the foregoing instrument, and acknowledged to and before me that he/she executed said instrument for the purposes therein expressed. WITNESS my hand and official seal, this ';! day o My Commission Expires: 1PRY PUp, IY BERT cO EN c * MY CpMMISSIQN # QD M238 ` EXPIRES: Ma 14, 206 sfgrE OF c704 7 Banded Thru Budd / �� Ar PE/.�!o, zd NQJXR-7"PVEUZ, State of Florida At r- 65J*/41 Print or Type Name of Notary 'D, 2 2 "e3 31z 7/j9 3z r b ARR--20-2004 11:00 RV JOHNSON & ASSOC 5517458871 P,p1!p�� ACURD CERTWICATE OF LIABILITY INSURANCE NAOP I ; IVAtoa �a'oal PRODUCER Yrrrn..�.��.�.....Tr r.....r,. — T --- R.V. Johnson Ina of riorida ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE ... HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR 250 Tequesta Drive Suite 303 ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW Tequetsta FL 33469 Phone: 561-745-8894 Fax: 561-745-8871 INSURLRS AFFORDING COVERAGE NAIL # INSURED INSVRERA; Southern Owners Inturanre 10190 INSURER B: N�tt " QrL&l Auction C an Inc. 132 9 Con INSURER C: ream A, Boynton B� rL 33426 INSURER INSURERD: INSURER R COVERAGES THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN 195UED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY Be ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMTTS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. IN LTR 14S TYPE OF INSURANCE POLICY NUMBE71 PATE MMro TE MMIDLIMBS OENCRAL LIABILITY EACHOCCURREMCE 51, 0 000 A �( COMMERCtAL GENERAL LIABILITY 20593613 CLAIMS MADE OCCUR 11/02/03 1.1/02/04 PR@MISE$(FAoacurenCe s 10000 MEb l�P (Any One pemn) $ 10 i0o PERSONAL 4 ADV INJURY ; 1, 0 Q00 GENERAL AGGREGATE ; 2 , 0 , 0 00 0CML AGGREGATE LIMIT APPLIES PER: PRODUCTS . COMPIOP AGG ; 2 Q Q Q , 0 D Q 7C POLICY JECaT LOC AUTOMOBILE LIABILITY ANY ALfTD 1 COMBINED SINGLE LIMIT s I �/i 1, / {Ea aeddenp ALL OWNED AUTOS L) SCHEDULEDAUfOS / i� BODILY INJURY = (Per person) HIRED AUTOS r (/ NON NON -OWNED BODILY INJURY 5 (Peracclderttl vendor; Reese at PROPERTY DAMAGE 5 ate (Per amdenb aARA N A�BIOLITY Nttep b1Qi V AUTO ONLY- EA ACCIDENT s Q A CceP s V EA ACC j N Y" 0+ \ �c ALRAO Ac3o s 6XCr.S"BRELLA LL40JUTY p, CLAIMS ./ MADE tOCCURRUC=FOCCUR DEDUCTIBLE .�RE PNTION SWORKERS COMPENUTTON AND EMPLOYERSLIABIItrY ANY PROPRI✓ TOR/PARTNER/C(ECUrnVE DFFIGER/ME7rIBER EJ(CLUbED7 E.L EACH ACCIDENT : If yyeeee dawlbe under E.L. DISEASE - EA EMPLo S SPECLAL PROVISIONS blow EL DISEASE -POLICY LIMB ; OTHER A Property Section 20593613 11/02/03 11/02/04 DESCRIPTIOCATIONS VEHICLES ON of OPERATIONS 1 LI I EXCLUSIONS AODF-D BY ENOORYEMENT I SPECIAL PROVISIONS Certificate holder is named ail additional insured with regards to general Liability peLr Radorsement 55202, CERTIFICATE HOLDER CANCELLATION CI TY0 37 SHOUL13 ANY OF THE ABOVE DESCRIBED POLICIES BE CANCEURD BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING INSUREER WILL ENDEAVOR TO MAIL 10 + DAYS WRITTEN CITY OF TAMARAC NOTICE TO THE CER7TFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO DO SG SHALL city Manager IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THIN INSURER, ITS AGENTS OR 7525 NW 88TH AVENuz REPRESENTATNSS, 1'AMARAC FL 93321 94 ALIT r ACORD 25 (2001/08) 0 ACORD CORPORATION 1 [ t-r<TIFICATE OF LIABILITY INSURANCE C17 rrrsMANCw :f 54 S CER71FICA lS ISSUiSl3 p„ A NA Ir fNFOR11iATfCIN ONLY AIVp CC)MFr~R3 _aN(a' U5 IL SUITE 210 NO RIGfJS UPON THE CERTIFICATE NULDER. TK!$ CERTtFlGATE aCIFE NQ7 AMCNf), `ALTER THE G�JNE1•IAGE IFII"l TgEiDW. E TA. TEaU+T=STA, FL 3:�a9 Qi=U BY THE PG ICIE U1SUPERS AFFGRc,ING rtivFRaCrE NATIONAL AL/CTION COMPANY'NC 1325 S CONGRESS "sLH6aA. � -T'STATE AVE STE 2g2 u.aur.EP a BOYN. Gird a T ..EACH, FI_ 33426-587F3 GCaVERi4~ G _ , _ _•- _ . �.._ _ _�_���EP F. 7 < r00;1E5 Qfr INSURF.VCE LIST i1 BEl p.NY REO(YREM6.VT TERM pR GNI+AVE SEEN ISSUED Tp THE INSI!RED NAhAEC 1U� N OF A3gVE FOR 7HE t> Y FE�TAIi�, THE INSURANOFAFF AFFORDED BY 7Nc P ONTRRCT R GTWt P DrjCUMFNT OLICY;E,11: i INDICAT �" "�'^ j WITw RES"ECT TO iYl11 . ED NOr v1THSTANolwc. , ?OL!^IE5 AGC3F{EGATE LIMITS SHOWN ULfCiES O-_'CRi3_=Z) HERFit1 CH rHI, CERrIF� NIAy HAVE OFEN RC'DL)CED i3y TYPE ow+NsuvN-.g _ ... 15 SU�JEC7 7: ALL iN CATE MAY SE ISSUED OR PAID CLAIMS E T&Rlv1S.:�><CL iSIONS A)I C CONOM ...... CJNS OF SIjCN FC}LiGr NUNtiFp GFINtUL.LIAfoUIY '•'...-...�,.._^,^• -•-. MOIL CY EFFEC r1yE -p(J' •— I! .ri' ucY:xpRAn$F,—..._._.- — .__._____. _ '.GCHgr.1ERCA. GENERALLragILI,Y I ,_._.1 ldlTS -. f i EA:,M OGS,UR4FryC•.E � �...,r,,.-•4--.__..'^`•_..,.•1 _ ClwaAjj MADE �I OCCUR I ! F .1? :A\C:'sE Inn. cnp li•e .---~.__•...—_�._-_._.. M5064P +nfo-wpvIi- CF.P:L AGGREGATE I-IMITAP ._.~.. FL EHPER ._ ' raE Nfe RA1'Q(3REGdTT l PRO _ ~AUTQNObILE I I p4�:'GUCTa.-COMFTP{�;�- s 4IAIlrLIrY I7ALI .._.._�.�.`.....,,�_�� -_- �►�+� .-,....-i_^-- .—__"'—_. A 216204 ! AP:Y ,4Ur0 12-1 OWN-0 ALITOS X JCHEDULEUAUTM A ' HIRED Auras NON-oWNIEUAuroe Q peview GARAGE LASILM ANY AUTO ' E7CCF'S5 GiaBIL,1Yr _ �m , i OCeuR _. Cl.v..4S AAAOE i pE[A1L-Irpl,F R6?��NTION S I ! WURKER& CGMICN5AT10N.1ND a EMPLpYERS'LJA9P..JTY I OTHL.R —w - pale PcGeP�a�1e Noy c,% l�ya�e peI ic�e� ��atu�e P��,oriled i ESCRI�'Tlp,yy dF ppE�{AnONS+LOGA71pNiryEF11CLF„��CLUS{ONS AOUkb �Y F-e ��"" ''.KiR5EMEN1'>A�pq,gL 7R17Y':SIONS -i TIFFICATF HOWEft- ONA� 7M ill lr,�Q, IN¢•�REjl I.-E I �E�� CITY OF TAIM,ARAC 7575 NW 88TH AVE, TAMARAC, FL 33321 I G9MplNE: :ii1i0LEUM!' ''E��radrrl. ----•�� i s i,004,OOG 'Orr Ic": i : ,PtR eCtdel III � 3 IFxrxlderll I C , .�AJ'iOUVL_ • jACCVrc !Nr s -a- Aar- 3 i (.I.. GIAEASILLULICY.l.MV17 I CANCELLATION TION SHOULDAM•'bFTHEAjO•oeOESCRIEIEU1o,jCtf±$'IC LRNCtE,LeGJE+t7AF,}fLsE+PIRAITgA,-`j EN parE nIF�FfiF, rY,E ISYU&C; IA16'JTrEW WALL CND''k-1(k To NAIL ac i4l Nor CE IO TKk CE-RTIFICArt MIOLr,,M FL4d1 •----_ DAi•9 WCT('EN fC rO "HE LEF-. NIT FWWRE. TO L fMPOAE NO CLtLlrJ.1•frgN OR UAdIL1TT p0 S7 IM:.I.L ( LlC Ohl' K! YJ UPaY n E lySORB'L ;r3 AGL%,T OR RCPR✓E:yEN IA LIVE $. ON 1 ,II acoRO Cc�IzaoR,aT�C'N t��s CERTIFICATE OF WLIABILITY INSURANCE WAOP ID I 'PTd l l I04/20/04 AGORD PRODUCER R.V. Johnaon Ina of rinrida 250 Tuqucsta Drive Suite 303 Tequesta rL 33469 Phana:561-745-8894 Fax:561-745-8871 INSURED N t'vnal Auction C axe�r , Inc. 1 2 S Congress Av,r�20Z Boynton PIN FL 33426 nrn I=0 A2CQ THIS CERTIFICATE IS ISSUED AS A MATTEK Ulh INI-QKMAI ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER, THIS CERTIFICATE DOES NOT AM END, EXTEND I ALTER THE COVERAGE AFFORDED BY THE POLICIES BEL INSURERS AFFORDING COVERAGE I NAIL INSURERA: southern Owners 1nsuranee 10190 INSURER 8: INSURER C: INSURER D: INSURER R THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NDTWITHSTANDINO ANY REQUIREMENT, TERM OR CONDIT10N OF ANY CONTRACT OR OTHER DOCUMENT WrrH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POUCIES DESCRIBED HEREIN IS SU13JECT TO ALL THE TERMS, p(CLUSIONS AND CONDITIONS OF SUCH POUCIES- AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. LTR NSR1 TYPE OF INSURANCE POLICY NUMBER DATE IMIAMWIETE MM/D LIM(TS A aENORALLIABILITY X COMMERCIALIGENERALLIASILITY CLAIMS MADE ® OCCUR 20593613 11/02/03 11/02/04 EACH OCCURRENCE S 1 000 000 PREMISES (Faoocc Inca s 100,000 MED W (Any we peledn) s 10,000 PERSONAL 6 ADV INJURY s 1,000,000 GENERAL AGGREGATE s 2 , 000,000 GEN'L AGGREGATE LIMIT APPLIES PER; 7C Poucy PE a LDC PRODUCTS . COMPIOP ADO S 2 000 , 000 AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS 5CFfEDULEb AUTOS HIRED AUTOS NON -OWNED AUTOS �l Ve Rgy\eW ate b� {� � I j� 1 � �} r V V� J /7J V COMBINED SINGLE LIMIT (Ea accidlmq $ BODILY INJURY (Per Pew°^) s BODILY INJURY (Per S=Iderd) S PROPERTY OAMAGE (Per accident) s GARAGE LIABILITY ANY AUTO �Cepta a P �cePt�b1 0 S AUTO ONLY - FJI ACCIDENT $ OTHER , N�AN E" AM AGO s $ FXCPAS/UMBRPILA LIA9IUTY OCCUR CLAIMS MADE DEDUCTIBLE �'SrEKT1ON S `Nate / S�qn U use EACH OCCURRENCE S AGGREGATE S S s S WORKERS--OMPENSATION AND EMPLOYERS LW9IUTT ANY PROPRIETORIPARTNOVEXECVTIVE OFF10ERMEMSER O(CLUDED9 If yyeeee describe under SF`FCIAL PROVIGICNO W— TORY LIMITS ER E.L FiiCH ACCIDENT s E.L. DISEASE - EA EMPLD S EL. DISEASE- POLICY LIMIT S A OTHER Property Section 20593613 11/02/03 11/02/04 DESCRIPTION OF OPERATION$ I LOCATIONS I VEHICLES I EXCLUSIONS ADDED BY ENDORSEMENT I SPECIAL PROVISION& Certificate holder is named as additional inaur4d with regards to Ocneral Linhility per Endarsement 55202, CERTIFICATL HOL.D1=R L:F►ry I.CL.L.K 11VIY CXTY0 37 SHOULD ANY OFTHE ABOVE DFACRI"13 POLICIES 9E CANCELLI!D REFORE THE EXPIRATION DATE THEREOF, TiHE ISSUING INSURER WILL ENDEAVOR TO MAJL 10 * DAY; WRr1Tl•?1 kOTICE TO THE CERTIFICAYE HOLDER NAMED TO THE LEFT. 5VT F.NILURF TO 00 50 SHALL CX TY OF TAW AC IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURM ITS AGENTS OR City Ddanager 7525 Nw 88TH AVENUE REPRCa rArrvE�.dR TAbM AC FL 33321 AUT T r ACORD 25 (2001/08) ACORD CORPORATION 1 Tues. April 20. 2004 7� BEST � e • ambest.com 'r r • Rrtings d Anahvsis f' . • News Pljblica'icns •Pn.du,,ts&'�eni:�s rtittl^��yf1s nb � .J",. RA11NG qr� '��)F11LL11;� " a . x�([ � ai Fy:.�. JyYw!IG.1xIV� !. RB.tix �''%Y�JWdR. v„.INNN.6., L1aAY� N�f a�k.$'.wr:"]�.iLVfiku��'i iLR:�gh I: !` .. ' rI * Insurance Rr•auurcr 0Abcu:A.%I east 11676 - Southern -Owners Insurance Rating 0 Company SEARCH Enter Company Name Member of Auto -Owners Insurance Group or A.M. Best Nurnbor A.M. Best #: 11676 NAIC #: 10190 View a list of -group members or the group's rating GO "IMOM+dsltren h Best's Rating More Search Options An BEST A++ (Superior)* - •where Financial Size Category in the A++ world is SNper1� XV ($2 billion or more) A.M. REST? Find our loci:ion; 'Ratings as o(04/20/2004 11:22:04 AM E.S.T. what do' '' Rating Category (Superior): Assigned to companies that have, in our opinion, a superior ability to you thlnkt '� meet their ongoing obligations to policyholders. Sendusynurcommen,� _. _.... _- _.. ,, _..._._ ._._....._..__.___. Important Notice: Best's Ratings reflect our opinion based on a comprehensive Accessing the pages on quantitative and qualitative evaluation of a company's balance sheet strength, ambest.com constitutes operating performance and business profile. These ratings are not a warranty of an the user's agreement to our tgrm_o(_use; Insurer's current or future ability to meet its contractual obligations. View our entire Information collected notice for a complete details. via this Web site is protected by our priv-a..cy_statemen.t; Companies Interested in placing a Best's Security Icon on their web site to Comments or concerns promote their financial strength may re isy ter online. should be directed to our rusiom.er service group; For other _...._._._., -------------�.._v...__ ,. _......_.___ .__,.____......._,____ ___._._.--._----------••-.._---.....__.._....__._... matters refer pa our Copyright cQ 2004 b A.M. Best Com .-an Inc. ALL RIGHTS RESERVED Contact us page.y - ' X' No part of this information may be distributed in any electronic form or by any means, or stored in a database or retrieval system, without the prior written permission of the A.M, Best Company. Refer to our terms Qf use for additional details. SM2 5-anl COMMERCIAL GD1ESXL LIABILITY THIS' ENDORSEMSMT CHANGES THE POLICY: PLEASE RUD Cf C,AFIEA.IL.Y. ADDITIONAL.JNSUREd EXCLUSION - PRODUCTS -COMPLETED OPERATIONS This endorsement madl7as Insurance pn<svided under the following: . GaMMERUAL GENGRAL• LIABILITY COVERAGE FCRM, SCHEDULE Rame of Gerson ar ❑rgenbmbrM (AAriTtwnal Insured): City of Tamarac - 7525 NW 88th Avenue Tamarac, FL 33321 (If no entry appears above, infarmaiinn required to complete this andomament will bIa shown'in the Di3ciaratlons as appllcabla to this andorsemmr1.) under SrIcSon 11- WHO 1S A_ N INSURED, tha•fallowind, is added: Ths per-s6n or argan(zation shcrwn)n the abcaVe Schedule 14 an AddlOnnal Insured, but only with raipectto Ilablih 46rin to out cf. "your worlc'.f❑rthat'insured by ar far you- z under 5ectlan L, GOVERAGE5, 2. Exclusions, the following axcluglon is' added: The Insurance provided hersin to the Additional Insured doas nct a.Fply to the °pmdu —completed aperatlanb ha7.a.rxi". 3, Undar Gmcrtari III - LIMITS dF Ih1SUPANCE, the following Is added: Tha lltnits of liability fdr the AdditlonAl Incurad ara:thAee $pacified In the written contract ar agreement between the insured and,ths owner, lessan ar contr'actar, not tv exoaed tha'limb provided In this.p❑Ilcy. T"hgee Ilrnits are Inclusive a and net in addition tri thn' limits of Inauranca shown In the Declarations. 4. under SaGfJAn'IV - COMMERCIAL. GENERAL LIADILfrY GgNDrfloN&, A. Other Insurance, the fnllvwing is added: ?his insurance is primary for ths psmon or organization shown in the 9nheduls,,but only with respect to Ilablllty arising out of 'your worlC forthef paman or organizatl❑n by ❑r f=r YOU, other Inaurancs a,vallable to the Person or arganlzation shown In tba 5chedul's will apply as aces insurance and not contrlbuts as primary Insurance to the 'insurance pravidgd by this andamemsnt. IntWdas cap0gh%d rr,ffTArlxJ tl} Inwurnnan aer lws Of Ics , Inr, ujb it parmiasion aapV6ght, Innumnme 9erulras Offlca, lea•, 1004 TOTAL P.02 l'd•.cf.2UU.l 114:5.1 F'.{i_ 53iT476802 kLi_`llA'L 4' "'.' AMR-0N_ CERTIFICATE OF LIABILITY INSURANCE A1719 T THIS CERTIFICAS- iS ISSUPW A_• A NlATTEIk OF INPORMAT144-7 ALLSTATE INSURANCE ONLY AND CONFERS NO RIGP:TS UPON THE CER7IFIO.ATE JOE LONG HOLDER. THIS CERTIFICATE DCiE3 NOT AIACNU, EXTEND OR I ALTER THE COVE -RACE AFI;OROI=U BY THE POLIMS BELOW. 222 US HWY 01 SUITE 214 — rt— — - 1 TEQUESTA, FL 33469 INSUPER9 AFFCRClING r:OVEFAGE I«iuUD --- — •_ .. - — M.: LET: ATE INSUIRAIN� I iti5u.-1kRA. -- NATIONAL AXTION COMPANY 'NC 1325 S CONGRESS AVE STE 2r'2 :f{i. CLEF( 1 E30YNTc�1�I BEACH, FI. 33426-58?6 ` . ..._! �.4 D_ �. -__ -- - �_ GC7VERAGES TL'E OLIwIES OF INSURANCE LISTED BELC'N HAVE BEEN ISSUED TO THE INSURED NAIdFO A.3rVar FOR 744E POLICY PERi.)G INOICATED NOT/sol7HSTANptNG � A.NYE0VT R1AFREME, TERM OR CONIIITION OF A&Y rNT ORACT OR CTHER D6&,MFNT WTH RE50ECT TO'WHICH TM1; CERT'IFiC.ATE MAY 9E ISSVC0 QR i MAY PE�TAP4. THE INSURANC! AFFORDED OY THE POLICIES DESCR 5E4HEF?E h iS SJBJECT T: ALL T HE TERMS L XCL :SIGNS Ah4 %QNOI IONS OF SJCh PWCIES. AGGREGA'E LUTS SNCom MAY kAVE BESN REDUCEO 13Y PAID CLAIMS NJ iR; ._.. .-__. ..-. ._ .—... •. —_.... ..... ..... POL-CY EKFECTIVE MJL1CY s7t PaRATiiSF -., ._.. _._ _ ._..-r•—� _.,�v� TYPE Of fN-,iju m PQLecy kubw6rF M 1 ' GENERALL-;AWLJI'Y I Eh::M 7.(•URwENC'c ! 1 i COMWRC.A_ GV4KAL'.lAjli ITY I I r Xe WyC,. f;_t S CLAiViMADE OCCVP I ME'?EXP, Inj cwp{Lygl+l G'NkQAL'IxRE ►T>S f i G✓ENI-AGGREOA'Ei-IMITAPPLE$FFR1 1P4•;4UCT •COIAF9�P/.,3 _ P )LICY •FRO LOC Y r12-20 I Avromo w,pLIAWLITY '048215204 ' ti-2r'''4 ;pMpINE"31:oLE:+M'' OCD,OOG i f A ANY RUTp I ALL OVVrfp AUTOS i !Et sfcid.r I, $,y� b V D ) so �lwv In. Jp-r i I x 3CNGOULFDAUT:.3 HMO x NON-OWMELIAUTW O` BOplly IN. Mi,- i llLyAllh 3 ' Cd�e ._�._._. PF,GEF'I', _ _... ___.-.,_______ •I Peeep{�a `e 7414.493k GARAGE LAOILITY ��O{eDe�,C\e U �'O_OML" - Et, ACXXVE NT f Ah'+AUTO ! R`Lr•N lq CC---f. ,1 ' E7tCE8S C,WRIUT_ � E_�G1 3CC .VipENC_E _ r?CCUR I CLw ;.15 W,A0[ i,. ♦p _ _i _ ._1 i nEL:LIcneL,E RRTW)ON I v.Ot2KEA&CMAPCN�ATCNAfsD Da TDIiY I,MI :5 '_... EM►L17YIRS' UA$t',,,JTY 1,- , [.L Di$fiA6ii-EAEIAPLO"EE S _ �.... ._� ....... ..�.�.,..� ! .__..._ C,l pISEMS,' PDLIC" UNIT S 1 CJTNER -� �� DESCRI�TIONOFOPEFtATlph6'LGCA�'10NSN[JtICLE91ExL-LUSIONSApDEDarF.kppASEMENTIB'pCLiri+R(Ty;SIONS I � 1 I CERTIFICATE HOLUER Ao, nanA. 445UP&D. •NS 7L t LE T-er CITY OF TAMARAC 7525 NW BEIT•H AVE, TAMARAC, FL Ks'-121 CANCELLATION $Ntll;aD AM' OF THE A7J'+t UESC:R16(C POLICIA.S :IC I:PLNC`E.lpa 3E:i]RF, Tlij �KP;ftA'T�JP,�XI DA ft tkEREOF, TriE ISSUP1t(: Ih6'4RC t VAi,L CNG .�'/OR Tp MA L - SC 04r9 W EN f NOTICEI') TNi :-EKTIFICATIE 1+Ot rCA N"tt TO "•yE LF'.>:"% BJ7 FaL.JFIE. TO C4 SO SMALL 10-05c flC Ck A';IGN 0*9 L:A%LIT7 LA dN"' KI .�D UPCOM n,E INSUkt-R. IM AGEVT'S OA H1PRk',t;NIA71VTS -^^� i' ACOR0 COR-10RATION 1968 Tues. April 20. 2004 ?, 13ES I r ambest.com; ; ` / / • NY ,..i�,i .. 1 r�r]dW4;5.g:�ar'yir�5 e 't�lw:l:� 1�','�t5a��s H1TIhIGi4:W t1yi.Stk y / Insurance Re;uur:=r5 0Abcu-.A.hv! Bes- 02017 - Allstate Insurance Company Rating S E A R C H Member of Allstate Insurance Group Enter Company Nam a A.M. Best M 02017 NAIC #: 19232 Or A.M. Sea: Nurnber View a list of group members or the group' s rating Go Best's Rating More Search Options M BEST A+ (Superior)* Financial Size _Cate gory Where A* Spp«tK XV ($2 billion or more) in the world is A.M. BEST? 'Ratings as of 04/2012004 11:22:04 AM E.S.T. Fmd Our for i-ion s Rating Category (Superior): Assigned to companies that have, in our opinion, a superior ability to What do meet their ongoing obligations to policyholders. ym think _ Sendusyour-;om,men-s Important Notice: Best's Ratings reflect our opinion based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, Accessing the pages on operating performance and business profile. These ratings are not a warranty of an ambest.com constitutes insurer's current or future ability to meet its contractual obligations. View our entire the user's agreement to notice for a complete details. our terms of use; Information collected via this Web site is Companies interested in placing a Best's Security Icon on their web site to protected by our promote their financial strength may re Ister online privacy_sta.tem...ent; p g y �------- --- -�-. Comments or concerns should be directed to our customer service group; For other Copyright © 2004 by A.M Best Company, Inc. ALL RIGHTS RESERVED matters refer to our No part of this information may be distributed in any electronic form or by any means, or stored in a database or g4ntao us page. retrieval system, without the prior written permission of the A.M. Best Company. Refer to our (erms of use for additional details. :,�j"k'- i-1-._•��c:1-: i f i- T-!-ii . -, - , . Z. l i - • - `• J . OnC E OF ELFC.'110 TO BE EXEN'CPT please refer to the enclosed iystrucdons before. completing ttiy forru. SECT10,N' l : I am appi,jug for escwption as a (Please check only nine boz iu thin sectiao): ClINiSJRUCTION IT DUSTRY "CORPOIZ- TM OFFIt-TIt" is5t1 AF'rucA'CION FEE REQU`RED) ❑ -OR- CJ �� =A1�GI GI 1 T t.711tcd Lia ill Camry(.: �-C) I ' NON -CONSTRUCTION DMUSTRY "CORPORATE OFFICF,IL" (NO FFF REQUIRED) { Off:er of a Corpor-3tiou i7'itle): __ esldent -- An officer electing it, exemption under cbaptar 4401 icrida Stan;ws is not entitite(l to bcnelIts under this charter. CTTON 1. To be eligible for xn e�:emption_ the corporation cf whieb ;ors are an ofT-i^er or the :in-ired llabilir; carnnaay of which + vo�a area member mus, be registered with the, Division or C:)rpar3tf cns of the Deparurent of State. For applies u asp':y rag a, an iiii officer of corporation, you must be list. l zs an nfiicer of the Co prrttiau with the Diviiioc of of the Uepartrrent o, f State. P!cgse list the registration number (do tara: rnumber r.how n or. you Utuforui Busi.r ess. keport) on file with, the Division of S>a. _l-10N 3. This exemption apt lice6on applies only to thM rerticc sig ug the �pplicatin ,the Cor, ors ion/Li C taat is listed below, and the $copy of business or trad: listed: Corporation or LLC ,'Name:_nr_ FEu't'$Fi-LIL5Z311--T^-lephone:S��FL,-7�Q1 Business Mailing Address: _L325-5._.C�oagres-5-�- �zCity: �}cnLost .�Each�State: F —Zip:a3�---- County: Palm Beach Scope of Business or Trade of ApOelkot: Auction Company SECTION 4. Pleasc list all certified or T egistercd lice❑sts iss-ed :o the applicant pursuant to Cbapter 489, F.S. (CoLtractor's _- � � 1.tCYti ran SE(:TTO S Does the county or musttiipahty in whirl your business is 1: catcd regture an occupabonal Iicensr, feryour 7usiat ss^ ( Yes ❑ ;va IF YES, A COPY OF A CURRENT 0CCUFATIOZvAL LIMNSE MUST LTI ATTACHED. _ SECKTON Are you affiliated with acy corporation tinc.uding LLC) ather tbsn the corporation (incluCiog .C) to which this application applies? ❑ yes ® No YF 11,5, lcL'EASE LIST TIM NAME(s; _LND FELN(s) OF THE AF--aJATED CORPORATION(s) OR LLC(s): VAN4rr.. FRIN: sFesters 7. You must provide the required proof of awncr'S � p in the corporatiots Or LLC. A. To be eligible for an exemption as an o`ficcr of a corpatztioa, the applicant'rtust be a shnrcbolder, owning at least i0% of the stock of the corporation. A CONY OF A STOCK CERTIFICATE EVIDENCING TFM REQUIRED OwNF- SMP MUST UH A'ITACEED. B. To be eligible for an exemption as a mcmbcr Of a luni:cd Iiabill y coompany (LLC). the applicact -must cGnrinn owIICrsh:p of at least 10% of the company, THE REQTMMD O WIVERSMF MAY BF -ESTABLISHED BY PRODUCTION OF DOCUN ENTATION REFLECTING THE REQUIRED OWN1:RSEW, OR BY SUBMrITL'NG A NOTAMED S'TATE.IEN7 kTTESTr,1GTO THE REQL'TRED ONVR'ERSHIP. SECTION' 8. A. Any person who, knowingly 2041 'Aith employee, insurance company cr- any misleading information is guilty of a 1 H. �ttestaticn of applicat:t - By sign;og be M 'UD NgTICE � injure, de5'aud, or deceive the department or any employer or •her p�rsoo, files a nonce of election to be exempt c.ontaii3 log any false or ony afbe third degree. a- I a .sf r at I hz0, rca,!, understacd and ac, =owledge the foragoiag nctice ftT'aTL'itl:OF a.F'PL{i��' TN1S ArPL1CF.T:DN IS C-CINTMUE0 ON THE RLVEHSF SIDE OWC 25), NoncK OF ELfiCttaW T4 BE EXEMPT - REVISED 17:?=3 I SEC TJON 9.(ae ac:tc,,' C,:M rasa"Cli z .ur r: ?tea co ers ar:y aC Lhi 'n"SFCarrier 1\a7;C: ____�- �.__..___ _ —-----_-- -•� �------- . .---._ __ _. Al 'MkVaT OF .A.PYLIC."T: ; he:t;'ay ccrt'fy ,t�::�„ it;;urma t �a _u;a rer b:'cr:J -s :.:: sad co rLcc ;C'tEr' oc t of mq knowledge aia 'r!'iz:; that lh)5 cicc:irt d:;e; uat ex.0!4:r :xcr:lp%oa i1mitz C' ccrpo'a C a ic':S, zu�it?Clir,g acy aftiliat-d COT -portions F� prov;dt,d in §440.02 Flond� 5.3tu---s, acd L' 2t auy employee_ of Ll e ^err.: ;yticn or :,t:uted 112h111'y :.oTp2ay 'LL�'•1 steel to ti7C•ticn 3'S:e C0•­-"Cdby WArdC:S' COMPCZS20 12 ZP=r -'Cf Geor e L. Richards 266 _92 _ 3265 �IYPt<TF.1?'z'NAME oft-E oNPPJATNrvoaEnf:MC"tA+ ��tiCl.,t,5E�URJTYNOR1'�Z•!-IG�.sLTA-VIYERlDd \ � tir wPPC't' T's stcV�TCUE ,t t'01'At�' ti T'ATE OF FLOMDA. COUNTY 05 ucrr. to = sllhscrl5c'a Lef.= rJe this l i (` tTl S i `' �--___-- clay �f �. ��� .T , Y lle:sceally KLoua _ iiRY:oa�ced jeNt cat,:n - Type of rr;enrn-iczgon - FroaJccd ...._. _.... UNDA A. CADET. e C.C971692 Kam I�O'i A _5'C3NATURE - i;':C i�! ( A: - T !+,(y C;rJ ss;on Fxpitrrs OR 02 200d unu�+t�oE rryr�r Please submit this completed form, along with any attazhraeau and a SSO.U') applicstiou tee (cuustructiou industry spplicaotc oLly) Payable to the W.C. Admiaistratiou Trust Fund, to the District Office listed below that is closest to your Placc of business. 123H S. Cleveland Ave. Sulte #506 Ft- Myers FL 33907 Telephone (239) 278-7239 1111 NE 25° suite 4403 Ocilla FL 34410 Telephone (352) 401-5350 610 E. 13argcss Rood Yewacola, FL 32504.6320 Telephonc (950) 453-7SO4 2012 Capttet Orcle Sc Suite d102 Hertman Bldg, TaHabassee FL 37.399-2161 Te)cpbonc (950) 414-1237 or (8501 438-2717 9000 Regency Squara Blvd. Sulu. 0212 32rksomill-e FT, 32211-SI00 Wepkaone (904) 799-SO06 430 West ftobipsnn St Room *211 North Tower Orlando K 328)1 Telephone (407) 245-4896 d9s Nortbweat 70m Avenue Sulu. #116 P. lantetlota FL 33311 Trlepbone (954) 321-3143 or (954) 3:I-3160 9215 N. Florida Ave. Sack: #107 Tampa FL 33612 Telephone (913) 930-7556 40. N W 2nd Ave. Suite 11321 South Tower 11 2mi 17, 33129 Telephone (305) 536-0306 268n Chsprnsn Dr. Fans mn City FL 3Z405 Tciepbone (850) 747-542S 1718 Mcla St. Suite 02J1 Sarasota YL 34236 Telepi one (941) 361-COZZ 3111 South Duk Hwy. Suite el'.3 West 1'aim Beach FL. 33405 Tclspltoau (561) EL31.5412 �yMA F`Te :*i": ar7ssue Date' $xpi.-aticn Date,: Cout-n! Nurnbcr- Pcst:T.ark Dstc: — Received Dice: I THIS AFPIICAT;ON J,; (7ON7lNl)FD rF"ONI 1HE RFVFF5L SIEF Yvr;�n,NCTct OP C._rCT'CNTDCt�iEMo7-R�JSEO v: as EXHIBIT "A" PI PCHASING DIVISION 115 S Andrews Avenue, Room 212 - fort Lauderdale, Florlc:,� 33301 - 954-357-6065 - FAX 954-357-8535 February 23, 2004 National Auction Company 1325 South Congress Avenue Suite 202 Boynton Beach, FL 33426 Attn: George Richards, President Reference: BID: #J 1 03 007 B1 FOR: Auctioneerin Services Dear Mr. Richards: This is to confirm that the Purchasing Agent has accepted your Bid on the above -referenced solicitation. A Bid tabulation of all Bids received is enclosed, with item(s) awarded to your firm indicated. The initial Contract is in effect for the period beginning February 11 2004 and ending February 10 2005. Purchase Order(s) will be placed as and when required. A copy of this Notice, with a copy of your Bid, including all terms and conditions, is being forwarded to all Using Agencies. Thank you for your interest in doing business with Broward County. Sincerely, GLL•NN R.CUMMINGS, Director Purchasing Division By *Weny re o, Purcha mg Agent II GRC/afrn c: Locksley Rhoden, Fleet Services Using Agency Rroward County Board of County Commissioners JOSephus EugPiletion. V - Hen `kahpr Sue GunZburger - Ktlstin D Jacobs - Ilene Lieberman - Lori Nance Parrish - Johrl E RoostrorTi Jr - Jarnes A Scott - [7iana \Iv2j,.i5ernlan-Rublr www.broward.org/purchasing e 2 / 2 3 � @ / / / O # / \ \ \ _I on a o t n c m E .g < / \ § LU @ \ f f 3 \ \ / ® z \ \ co _ ƒ 7 S S w x » 7 $ G y y w y o a o ' o q $§ / O %--§ $ » /r Co § 7 / 2 CD a < ¥ k2<\ �) U $ @ \ % \ § § ƒ2 ƒ < \ Q 2� / / � 2 \ r / \ \ \ \ / 0)\ n 9 M } e2% _0 / 25 amp C @o E B a c e ��= = g 16 r 0 C & § 2 ) "0\ \ / 7 tee® e o 7e / \ \f « / / /)<) \/ ¢/ \ 3 / ) / /c 2 2)/ /\ < ƒ \ < § / § § \ ° o k 0 n _j o 2 s c \ c / E E 7 7£\ 9 r 2 CD 0 2 7= CD \ \ _ § 9 Q 5 ® t ±- _ 0 / / \ j 2 \ § / / CD «- c o e 3 o s w u a ® ( co / /.c / ƒ ƒ _/ © ® 0 c \ E [ 6 o x 6\) 2 2 2 &\ %§ 0 ¥ 4 z < f SUBMIT BID TO: Broward County Purchasing Division 115 S. Andrews Avenue, Room 212 BROWAROWtiNTYo Fort Lauderdale, Florida 33301-1801 (954) 357-6065/66 -- GENERAI THESE INSTRUCTIONS ARE STANDARD FOR ALL CC BOARD OF COUNTY COMMISSIONERS. THE BOARD OR MODIFY ANY OF THESE STANDARD INSTRUCTIC CHANGE IN THE SPECIAL INSTRUCTIONS TO BID PURCHASE ORDER ISSUED BY THE COUNTY, BIDDEI INVITATION FOR BID SHALL PREVAIL OVER ANY C CONTRACT OF THE BIDDER REGARDLESS OF ANY I SEALED BIDS: This form must be executed and submit- ted with all bid sheets in a sealed envelope. (DO NOT INCLUDE MORE THAN ONE BID PER ENVELOPE). The face of the envelope shall contain the above address, the date and the time of bid opening, and bid number. Bids not submitted on attached bid form may be rejected. All bids are subjected to the conditions specified herein. Those which do not comply with these conditions are subject to rejection. EXECUTION OF BID: Bid must contain an original signa- ture of an individual authorized to bind the bidder. Bid must be typed or printed in ink. All corrections made by bidder to his bid must also be initialled. The bidder's name should also appear on each page of the bid sheet if required. Bids will not be accepted from firms in arrears to the Board of County Commissioners upon debt or contract nor from a defaulterupon obligations tothe Board of County Commis- sioners. Bidder certifies by signing the bid that no princi- pals or corporate officers of his firm were principals or corporate officers in any other firm which may have been suspended or debarred from doing business with Broward County within the last three years, unless so noted in the bid documents. 2. NO Bhp: If not submitting a bid, respond by returning this Bidder Acknowledgement form, marking it 'NO BID no later than the stated bid opening date and hour, and explain the reason in the space provided- Failure to respond without justification may be cause for removal of the bidder's name from the bid mailing list. NOTE: To qualify as a respondent, bidder must submit a "NO BID." 3. BID WITHDRAWAL: No bidder may withdraw his bid before the expiration of ninety (90) calendar days from the date of bid opening unless vendor so notes in the bid. BID OPENING: Shall be public, on date, location and time specified on the bid form. The official time is the time clock located in the Purchasing Division reception area and will be accepted by all parties without reservation. It is the bidder's responsibility to assure that his bid is delivered on date, location and time specified on the bid form- Bids, which for any reason are not so delivered, will not be considered. Bid files and any bids after they are opened may be examined during normal working hours by appoint- ment- Bid tabulations are available for inspection upon request. (Continued on Page 2) BOARD OF COUNTY COMMISSIONERS BROWARD COUNTY, FLORIDA INVITATION FOR BID Bidder Acknowledgment CONDITIONS — INTRACTS FOR COMMODITIES/SERVICES ISSUED BY THE OF COUNTY COMMISSIONERS MAY DELETE, SUPERSEDE NS FOR A PARTICULAR CONTRACT BY INDICATING SUCH DERS OR IN THE BID SHEETS. BY ACCEPTANCE OF A R AGREES THAT THE PROVISIONS INCLUDED WITHIN THIS :ONFLICTING PROVISION WITHIN ANY STANDARD FORM -ANGUAGE IN BIDDER'S CONTRACT TO THE CONTRARY. IE SIGNED w RETURNED WITH YOUR BID BIDS WILL BE OPENED 2 p.m. MARCH 11, 2003 and may not be withdrawn within 90 calendar days after such date and time. BID TITLE AUCTIONEERING SERVICES BID NO. J103007B1 PURCHASING AGENT WENDY LORENZO (954) 357-6083 DELIVERY DATE SEE SPECIAL INSTRUCTION CASH DISCOUNT TERMS BID GUARANTY IS ATTACHED, WHEN REQUIRED, IN THE AMOUNT OF $ REASON FOR NO BID FEDERAL EMPLOYER I-D. or SOCIAL SECURITY NUMBER 65-0231538 DUN & BRADSTREET NUMBER BIDDER NAME National Auction Company BIDDER MAILING ADDRESS/CITY/STATEJZIP 1325 South Congress Avenue, Suite 202 Boynton Beach, FL. 33426 AREA CODE TELEPHONE NO, CONTACT PERSON 561 64-700ESIGNATURE e Richards FAX NO. ET ADDRESS 561 3 4-880atlauction.com A THORI D iginal in ink) Geor e Richards President TYPED NAME of SIGNER TITLE oer% y that this bid is made without prior underslandmg. agreement, or connection with any wrporabon. I'" a brr person suitbng a bid far the same tIemslseN1ms, and is in an respects lair and witnout wilushon or rrauo ay�rc to abide by a:l mndaions of Ihis bd and Ceruty that' am aulhonzed to Sign this bid for me bddet. Further by sgnalum d thus loan. pages 1 Trough 4 are adknowledged and accepted as well as any Spedial in strudom sheet(5) If apllcade. Fbim #133-2s (Rev. 3/9g) Page 1 of 4 PREVIOUS CONTRACT #J-3-01-075-B2 BID #J-1-03-007-B1 BID SHEET AUCTIONEERING SERVICES TO: BOARD OF COUNTY COMMISSIONERS BROWARD COUNTY, FLORIDA All blanks have been filled in, BID SHEET is attached to the completed "Invitation For Bid" and returned herewith. In accordance with all terms, conditions, specifications and requirements, the bidder offers the following: COMMODITY CODE #961 10 000 0000 ESTIMATED ITEM ANNUAL PERCENTAGE TOTAL NO. AMOUNT DESCRIPTION RATE PRICE $300,000.00 Level I (See Attachment "A") Percent (%) to be paid to Auctioneer from gross paid bids received at Auction for the duration of the Contract. 1.625 % $ 4, 875. 00 ITEM '1 I. Did you conduct a minimum of fifty (50) auctions during 2002? _ y,G 2. Did you conduct a minimum of ten (10) auctions for government entities in the state of Florida during 2002? Yes 3. Did you conduct at least one (1) vehicle/equipment auction for a government entity in the state of Florida with receipts over $100,000 during 2002? Yes Sale dat--s shall be mutually agreed upon by Broward County and awarded vendor and the sale will commence within days from date of request, not to exceed sixty (60) days. NAME OF COMPANY: AUTHORIZED SIGNATURE: �J(l--:,; AS-PBo1-2003 2/12/o3 PAGE 7 of 15 PREVIOUS CONTRACT#J-3-01-075-B2 BID #J-1-03-007-B 1 BID SHEET (Continued) AUCTIONEERING SERVICES In accordance with Paragraph 8.4 of "Special Instructions to Bidder" indicate if an exception to insurance requirements is being requested. Be specific and state reason: DO YOU QUALIFY FOR THE LOCAL PREFERENCE CLAUSE YES __ NO DO YOU QUALIFY FOR THE DOMESTIC PARTNER CLAUSE YES NO X NOTES: Estimate four vehicle auctions per year (3 Fleet Services, 1 Mass Transit) and estimated one or two auctions per year which may contain other miscellaneous equipment and property. The above "total" represents the monies paid to the successful bidder during a one (1) year period based on the above estimates. The County does not guarantee any amount of receipts for any auction under this contract. This is not an exclusive contract and the County reserves the right to sell surplus goods, equipment or property `hrough various other methods as determined to be in the best interest of the County - 'THE UNDERSIGNED BIDDER WILL EXTEND THE SAME PRICE, TERMS AND CONDITIONS TO OTHER GOVERNMENTS LOCATED IN BROWARD COUNTY DURING THE PERIOD COVERED BY THIS CONTRACT, IF REQUIRED:" X YES NO VENDOR FAX # W ILL THIS PRICING BE EXTENDED TO OTHER GOVERNMENTS LOCATED IN DADE OR PALM BEACH COUNTIES? YES NO ACKNOWLEDGMENT IS HEREBY MADE OF THE FOLLOWING ADDENDA OR AMENDMENTS (IDENTIFIED BY NUMBER) RECEIVED SINCE ISSUANCE OF THIS BID: NAME OF COMPANY: AUTHORIZED SIGNATURE: E-MAIL ADDRESS: P `EPER #: 25_ FEDERAL TAX ID #: 6 5- 0 2 315 3 8 AS-P801-2003 2112103 PAGE 8 OF 15 PREVIOUS CONTRACT #J-3-01-075-B2 BID #J-1 -03-007. B 1 BID SHEET (Continued) AUCTIONEERING SERVICES REMITADDRESS: NlatiQnal Aucti4iL Company 1325 South Congress Avenue�Suite 202 - Boynton Beach FL. 33426 WOULD YOU ACCEPT CREDIT CARDS AS PAYMENT FROM BROWARD COUNTY? YES x NO NOTICES TO BIDDER: 1. Please check the Federal Employer's Identification Number (FEIN) and other information on the face of the Invitation for Bid/Bidder Acknowledgment Form (IFS) and MAKE APPROPRIATE CORRECTIONS ON THE IFB. IF THE COUNTY DOES NOT HAVE THE CORRECT INFORMATION, PAYMENTS CANNOT BE MADE TO YOUR FIRM. 2. BE SURE TO HAVE THE INVITATION FOR BID, (BIDDER ACKNOWLEDGMENT FORM] SIGNED BY AN AUTHORIZED REPRESENTATIVE OF YOUR FIRM OR YOUR BID WILL NOT BE CONSIDERED RESPONSIVE. NAME OF COMPANY: AUTHORIZED SIGNATURE: AS-PBol-2003 2/12/03 PAGE 9 OF 15 PREVIOUS CONTRACT BID 1-B1 BID SHE�i (Carrtinued) AI)CTIONEERING In accordance with Paragraph &4 of'SpwW Instructions to Bidder" indicate H an exception tD ineurence regisremenla is being requested. Be specific and stdo n oson: DO YOU QUALIFY FOR THE LOCAL PREFERENCE CLAUSE YES NO DO YOU QUALIFY FOR THE DOMESTIC PARTNER CLAUSE YES NO N TE Estimate four vehicle auctions per year (3 Fleet Services, 1 Mass Transit) and estimated one or two auctions per year which may contain other miscellaneous equipment and property. The above "total' represents the monles paid to the successful bidder during a one (1) year period based on the above estimates, The County does not guarantee any amount of receipts for any auction under this contract. This is not an exclusive contract and the County reserves the right to sell Surplus goods, equipment or property through various other methods as determined to be in the best interest of the County. 'THE UNDERSIGNED BIDDER WILL EXTEND THE SAME PRICE, TERMS AND CONDITIONS TO OTHER GOVERNMENTS LOCATED IN BROWARD COUNTY DURING THE PERIOD COVERED BY THIS CONTRACT, IF REQUIRED:' YES NO HILL THIS PRICING BE EXTENDED TO OTHER GOVERNMENTS LOCATED IN DADE OR PALM BEACH COUNTIES? YES NO ACKNOWLEDGMENT IS HEREBY MADE OF THE FOLLOWING ADDENDA OR AMENDMENTS (IDENTIFIED BY NUMBER) RECEIVED SINCE ISSUANCE OF THIS BID; NAME OF COMPANY: AUTHORIZED SIGNATURE: EMAIL. ADDRESS: DEEPER afr FEDERAL TA.[ ID #: AS_PBOI-2003 2h 2JD3 PAGE 0 OF 15 NATIONAL EXHIBIT "B" M A U C T I O N COMPANY Licensee) Real Estate Brokers & Auctioneers LICENSED • 1 OM)ED • INSURED 1325 South Congress Avenue, Suite 202 • Boynton Batch, FL 33426 (561) 364-7004 AUCTION PROPOSAL The City of Tamarac Surplus Auction May 2004 Prepared For: Mr. Keith K. Glantz, CPPO Purchasing and Contracts Manager Members: Nl2tiorral ,9ttc7iorn°er s . ts.'o i'lrir>n ct 1-1ol-Wa .-ilw7i oncel ., .As.socianon 41i(1).1U • •A( T'�V l National Toll Free: 1.800-050-7004 • Ftiv (561 ) ',6-4-880 ��» ».natlauc'tiim.rum a n INDEX SECTION ONE Cover Letter SECTION TWO Auction Proposal SECTION THREE Proposed Advertising & Promotional Budget SECTION FOUR Background National Auction Company • Principal of the Company • Professional Experience • Auction Experience • Partial Client List • Partial Reference List SECTION FIVE Frequently Asked Questions SECTION SIX Reasons For Considering An Auction SECTION SEVEN Sample Auction Brochures & Flyers SECTION EIGHT Sample Newspaper Advertising SECTION NINE Sample Insurance Certificate NATIONAL A U C T I O N COMPANY Licome d Real l:slate Brokers & Auclionc ers LICENSED • BOA'DED • INSURED 1325 South Congress Avenue. Suite 202 • Boynton Beach, FL 33426 April 1, 2004 (561) 364-7004 Mr. Keith K. Glatz, CPPO Purchasing and Contracts Manager City of Tamarac 7525 NW 88 Avenue Tamarac, Florida 33321-2401 SUBJECT: Surplus Auction Proposal Dear Mr. Glatz: We are pleased to provide our Auction Proposal for the City of Tamarac. Your consideration of our company for this event is greatly appreciated and we pledge to make every effort to make your auction successful. Included with the proposal is additional information designed to further acquaint you with our company and some of the similar auctions we have conducted for other municipalities. We are based in Boynton Beach and have been exclusively in the auction business since 1986. 1 live in Pembroke Pines and was born and raised in South Florida which provides an insight into this market and the best means to promote an auction. For your information, we have conducted auctions in 40 other states and are licensed as Auctioneers in Florida, Georgia, North Carolina and Pennsylvania. The proposal also includes references of others who have used our services and are well acquainted with us. The proposal also includes sample auction brochures and flyers produced for similar surplus auctions. As requested, we also included sample newspaper ads used for other events, however, prior to releasing advertising materials to the printer or newspapers, proofs will be sent to you via facsimile. This will enable you to make changes, corrections or offer suggestions. As mentioned to you, we will also include this auction on our Web Site using as many color photographs as possible. We have found this method of marketing to be very productive since it reaches a vastly larger audience of potential bidders. As requested, we have also included a copy of the Insurance Certificate supplied to Broward County. After your review, a similar Certificate will be ordered for the City of Tamarac. After your review of our Proposal, if there are questions, re fired, please let me know and it will be supplied. Agr. �I July yours, Geor e Richards President suggestions or additional information n, thank you for considering us. I h,mbeI-,%. A',aioncli Azic iwItucr _c A c\oc icrtion cC Florida AIIcIit) cer'\ :1ssociutiort National Toll Fiec: 1-S0I)-659-7004 • 1=o, (�;h I i '�64-SSO; \\\0\\ .il;lll'.Iu� l IUl7.i c1I71 AUCTION PROPOSAL City of Tamarac Surplus Vehicles & Other Assets { I. FORM OF AUCTION A. Absolute Auction Two formats are commonly used for this type of auction, however, the best form is known as Absolute Auction. In this form of auction, everything offered sells to the highest bidders without minimum or reserve. Final prices are established through open and competitive bidding. This type of auction attracts bidders through the lure of a bargain price, however, based upon past experience, prices achieved at a well -promoted auction are fair to purchasers and sellers. B. Subject to Confirmation In this form of auction, sellers retain the right to accept or reject top bid prices. When this format is used, we discourage publishing minimum acceptable prices in advance of the auction since it could discourage active bidding. Some bidders are reluctant to attend this kind of auction when there is a perception final prices expected may not be attainable or are not in line with current market conditions. There are times when this method of auction is needed and it is possible to make use of both formats at the same event, however, advertising must clearly specify which items have minimum prices to avoid conflicts with bidders. C. Recommendation We suggest all of these assets should be offered and sold at Absolute Auction. Based upon past experience, this attracts a larger audience which generally results in higher prices. II. AUCTION DATE All auction dates are established by mutual agreement taking into consideration the time needed to promote the auction, prepare for the event and requirements of the City of Tamarac. If agreeable to you, this auction can be conducted on Saturday, May 22 at 10:00 A.M. Because of the diversity of assets included in this auction, conducting it on a Saturday will attract a larger audience. The auction site would be opened at 8:00 A.M. on auction day to allow prospective bidders an opportunity to preview the items being offered for sale. I11. AUCTION SITE In accordance with our discussion, the auction will be conducted on City property. This eliminates the need to transport the assets to another location. In addition, this �. J location is ideal for an auction since there is sufficient room to display the items, parking for bidders and it is easy to find. Since City owned property will be or the auction, it is suggested that arrangements should be made for the presence of an off -duty Police Officer. While we do not expect problems, it is always best to have a Police Officer present since there will be cash collected at the conclusion of the auction. Based on past experience at other similar auctions, most bidders will remove purchases immediately after completion of the event and settlement of their bill. Some purchasers may not be able to remove items on auction day and an 1 alternative date should be selected. Here again, based upon past experience in conducting other auctions for municipalities, we suggest allowing bidders the opportunity to pick up on the following Monday from 9:00 A.M. until Noon. Our staff would be available to assist purchasers. The terms and conditions of sale will make it clear that payment in full is expected at the conclusion of the auction. IV. ADVERTISING & PROMOTION The success of every auction depends upon an aggressive advertising and marketing campaign. It is important to present the assets to as many prospective bidders as reasonably possible. A. Auction Flyer We will create a 2-page black and white flyer which describes the assets that are included in this auction. The flyer becomes the primary response piece sent to those calling as a result of seeing newspaper advertising and will be ready for mailing two weeks before the auction. Other details bidders need to know to attend the auction will also be included such as: 1. Date and time of the auction 2. Auction site address and directions 3. Amount of required deposit to obtain a bidder's card ($100.00) 4. Terms and conditions of sale 5. Forms of acceptable payment 6. Deadline dates for removal of purchases 7. Identification of the seller as the City of Tamarac. B. Mailing List We maintain a mailing list from past auctions where similar items have been offered and flyers will be mailed approximately two weeks in advance of the auction date. Past experience indicates the auction will produce better results when there are multiple types of bidders in attendance including those with a use for the items such as those in the construction trades, end users and used automobile dealers. Our lists are updated after each auction to keep them current and have found to provide an excellent sales tool. C. Newspaper Advertising Included with our proposal is a schedule of recommended newspaper advertising which is similar to that used for other auctions conducted for surplus auctions conducted for other cities. Since the auction will be conducted in Tamarac, advertising should be placed in The Miami Herald, Fort Lauderdale Sentinel and The Palm Beach Post since all three publications have wide circulation in Broward and Miami -Dade Counties. When ads are placed in these publications, they are also included in their electronic editions at no additional cost which allows the auction to be advertised beyond the reach of the local market. Advertising will be placed in the classified section under the auction heading. Costs reflected in the budget are net out of pocket and do not include any markup. D. Tam -A -Gram An ideal place to advertise this auction would be in the publication circulated in the Citv by the Public Information Committee. By using this publication, the citizens of Tamarac will be aware of the auction and can make plans to attend. K E. Signs One of the best forms of advertising is signs. If possible, signs should be placed near the auction site announcing the event. In addition, if there are small bulletin boards in City Hall, signs should be posted there. Directional signs and vinyl banners will also be used on auction day directing bidders to the auction site. F. Internet Web Site As soon as we are told to proceed with the promotion for this auction, the information will be published and included on our Web Site. Digital photographs of the items to be included in the auction will be photographed and published to our Web Site. This allows prospective bidders to see what is being offered at the auction and provides an effective means to promote the auction to a vastly larger market than would be possible otherwise. We also publish the full text of the auction flyer in Acrobat Reader which permits it to be downloaded very easily. In addition, a location map will be published to allow anyone planning to attend the auction to find the event site. This service is offered to the City of Tamarac without cost. G. Funding Costs stated in the budget will be advanced by us and deducted from the proceeds of sale when the Post Auction Report is delivered to the City of Tamarac. Following orthe auction we will submit a Post Auction Report which includes an accounting for funds spent advertising the event. The report will include invoices, newspaper tear sheets and copies of checks which evidence payment. V. PRE AUCTION SET UP & PREVIEWS A. Pre Auction Set Up 1. Computers The computers and other items offered such as printers should be booted so that prospective bidders can observe them in operation. Even though some may be older technologies, when bidders can see they are operable, prices offered are much higher. Computers and other items will be tagged for identification using City of Tamarac asset codes if available. 2. Other Items Other items included in the auction should be displayed to allow bidders to observe what is being offered. If possible, these items should be set up in an area where protected from adverse weather. Again, to the extent possible, items will be tagged for the auction using City of Tamarac asset codes. 3. Motor Vehicles Based upon past experience, motor vehicles attract a large number of bidders who generally pay higher prices when each unit can be started before the auction. Prior to the auction, we will provide window stickers used to identify each by year, make and model, actual odometer reading and other information concerning other features. Motor vehicles will be lotted using the City of Tamarac asset numbers for easy tracking after the auction. It is suggested that all keys be available and tagged by unit number to avoid confusion. 3 During pre event previews, personnel from the City's motor pool should be available to allow each vehicle to be started. We also suggest noting known deficiencies such as a bad transmission or similar problem on the windshield. This eliminates most post auction problems, especially for those coming to the auction expecting to purchase a vehicle for transportation. Even though the terms and conditions of the auction provide for all vehicles to be sold in As -Is condition, it is better to disclose known problems. B. Pre Auction Previews Since everything is offered in As -Is condition, it is helpful to allow bidders an opportunity to inspect before the auction. We suggest previews should be limited to two hours in advance of the auction. If possible, employees from the motor pool should be on hand with a hot box so that any vehicle with a low battery can still be started before the auction. Once a vehicle is sold, it should be locked and the keys taken to the Cashier's Stand. If possible, Motor Vehicle Titles should be present at the auction site so that purchasers can have them immediately following payment of their bill. As indicated, we will have a Notary Public at the auction site for those titles requiring such. In addition, odometers will be read before the auction since this information is needed on the Title to each vehicle. VI. AUCTION DAY EVENTS A. Staffing We will supply all staffing needed to conduct this_ auction including an experienced professional auctioneer and assistant, a clerk, cashier and labor to tag each item after being sold. The auction site will be open at least two hours prior to the published starting time allowing sufficient time for bidder registration and previews. B. Supplies & Equipment Our company will supply all forms and other supplies needed to conduct this auction including bidders' cards, clerking sheets and tally sheets. We will also supply a sound system for the auction. C. Cashiering The terms and conditions require bidders to pay and settle for purchases on the day of sale which allows an effective means to know each item has been sold and paid for. The auction will be clerked by hand and each top bidder given an invoice following receipt of payment in full. D. Bidder Check Out Because of the size of this event and limited space, we suggest that bidders should not be allowed to check out until the actual auction is complete. It is expected the actual auction will be completed by 1:00 P.M. and most purchasers will remove their items immediately. We will keep the auction site open until 3:00 P.M. on auction day and reopen on Monday, May 24, if permitted by the City. E. Catering As a convenience to bidders, someone should be available at the auction site selling coffee soft drinks bottled water, sandwiches and other items. Once bidders arrive at the auction, by having a caterer on site, there is no reason for them to leave. rd VII. RECOMMENDED FORMS OF PAYMENT A. Payment Requirements It is suggested all purchasers should be required to pay in full on auction day immediately following conclusion of the event. Past experience indicates some purchasers may come to the auction without sufficient funds to settle -; in full. In the event a bidder does not have sufficient funds with them, the terms of sale will require all purchasers to make a minimum deposit which equals 25% of the purchase price. Some purchasers may want to pay by check and arrangements will be made to assure any checks taken are good. B. Forms of Payment Suggested The following forms of payment are suggested for this auction: 1. Cash 2. Corporate checks with specific and current bank letter of guarantee 3. Cashiers' Checks or equivalents. VIII. AUCTIONEER COMPENSATION It is understood this auction will be conducted under the same terms offered to Broward County Board of County Commissioners. Our compensation for this auction will be 1.625% in addition to reimbursement of out of pocket expenses for advertising and promoting the auction and included with this proposal. X. POST AUCTION REPORT & SETTLEMENT A. Genera/ The auction is not complete until the proceeds of sale are turned over to you. Usually, our reportwill be completed and turned over to you within 7-10 days of the auction. This allows sufficient time for checks to clear the bank and final accounting schedules to be completed. As required by FS 468, proceeds from the auction will be deposited into our Auctioneer's Escrow Account. B. Contents of Report The Post Auction Report contains information pertaining to the event including pre event planning, advertising and promotion, set up, auction and post auction function. It is designed to provide information that illustrates every effort was made to promote and conduct the auction in the best means possible. The report is prepared for submission to the City of Tamarac and will include the following information: 1. Auctioneers' Sales Report 2. Auctioneer's Settlement Report 3. Advertising & Promotional Budget Accounting Summary 4. Copies of Purchaser Invoices 5. Bidder Registration Log 6. Photographs of Premises (Post Auction) 5 Proposed Advertising & Promotional Budget IV R N City of Tamarac Surplus Vehicles & Other Assets Direct Mail A. Brochure B. Postage C. Photography D. Mailing Lists Development E. Layout, design & coordination F. Publish to National Auction Website Signs A. (2) 4 Ft. X 4 Ft. Custom Signs B. Materials for Installation Newspaper Advertising A. Miami Herald B. Fort Lauderdale Sentinel C. Palm Beach Post D. Tam -A -Gram Pre Auction & Preview Expenses A. Labor (Set -Up & Tagging) B. Supplies Auction Event Expenses A. Auction Staffing 1. Auctioneer 2. Auctioneer Assistants (2) 3. Clerk 4. Cashier B. Auction Supplies 1. Bidder Cards 2, Clerking Tickets 3. Tally Tickets 4. Public Address System C. Directional Signs & Event Banners Post Auction Expenses A. Coordination of Closing B. Post Auction Report 240.00 370.00 0.00 0.00 0.00 0.00 950.00 1,000.00 350.00 0.00 1I WE 0.00 0.00 100.00 100.00 TOTAL: $3,200.00 BACKGROUND OF THE COMPANY I. General Information National Auction Company was founded in 1990 and is located at 1325 South Congress Avenue, Suite 202, Boynton Beach, Florida. The company is licensed by the State of Florida as Real Estate Brokers and Auctioneers and conducts approximately 100 auctions each year. The company is also licensed as Auctioneers in Pennsylvania, Georgia and North Carolina. National Auction Company specializes in the sale of real estate at auctions and has offered and sold residential, commercial, industrial and agricultural properties. In addition, we have also offered and sold most types of personal property on behalf of lenders, bankruptcy trustees, developers, individuals and corporations. The company has a proven track record and understands how to market and sell all types of assets. The company was founded by George Richards who continues to operate and manage it. Since our founding, auctions have been conducted throughout Florida and 40 other states. Successful auctions depend upon careful attention to details, planning and an understanding of the assets to be offered. It is also important to recognize the needs and legal requirements of every seller who employs us. We have conducted major auctions for commercial and savings banks, Federal, State and Local governmental agencies, corporations, developers, Court appointed Bankruptcy Court Trustees, Court appointed Receivers, developers and many individual sellers. Some of the auctions we have conducted have included several parcels of real estate while others may only include one specific property. Since each auction is different and the needs of each seller may vary, selecting an auction site is very important to the success of the event. Some auctions have been conducted in hotel ballroom settings while others are scheduled on site. Whether there are one property or many, National Auction Company has the proven ability to accomplish the task and obtain the highest possible price. The success of every auction depends upon many factors yet there is no substitute for experience on sale days. National Auction Company has sold more than $100,000,000.00 in real estate. Each auction assignment requires attention to details to assure success. National Auction Company works diligently with sellers in an effort to make certain everything is accomplished to expose your property to the widest market possible. As noted, experience is important to the success of every auction. Each member of the auction team is experienced providing a high level of confidence. We have conducted more than 1,000 auctions since our founding and have proven skill and ability to market and sell your property. Methods of operation are in place to assure the success of every auction. We understand the auction process is not complete until the proceeds of sale are delivered to you. 1 Our efforts are focused on your property through each step of the auction process with a devotion to providing the highest quality professional service to every client. For an auction to be successful, it is important for the auction company to have an understanding of the property being offered. ..a We have also been involved with many commercial properties with complex environmental issues including soil contamination. Success also depends upon understanding needs of potential purchasers as information is developed. The key to understanding properties involves much more than creation of professional advertising and marketing. Auctions are a dependable vehicle when the company engaged understands the asset being offered, its utility and basis of valuation. Before an auction is contracted, we make our own inspection and review of your property to make certain there is every chance for a successful sale. Many times it is possible to make suggestions for minor improvements which could improve the appeal of your property. At National Auction Company, this is part of our service to you, however, when improvements are not likely to enhance the curb appeal of your property, we usually do not recommend them. 11. Real Estate Auction Experience A. General Information We have been associated with many types of real estate providing wide- ranging experience which can be put to work for you. Successful real estate auctions require much more than placing newspaper advertising, creating a colorful brochure and placement of signs. The most important step in every auction campaign requires careful consideration of the property to be offered and determination of targeted markets. We understand subdivisions, cost of construction and engineering of a project from inception to completion. This provides an insight into the manner in which your property should be offered to the market. B. Specific Auction Examples The following are examples of some of the more complicated auctions we have conducted in recent years. 1. Resolution Trust Corporation Atlanta Sales Center a. 25 Hotel Ballroom Auctions with more than 1,000 properties offered and sold. b. Contract included management and sales of assets/ 2. First Union National Bank of Florida a. 1 Hotel Ballroom Auction with 25 properties b. 10 Statewide On Site Caravan Auctions including more than 150 properties. 3. United States Bankruptcy Court Trustees a. Southern and Middle District of Florida b. More than � 50 auctions involving real estate and personal property. 2 4. Cumberland Farms, Inc. a. Real Estate auctions conducted in Florida, Massachusetts, New Jersey, Ohio, Rhode Island and Pennsylvania. b. Most real estate offered included environmentally troubled property with soil contamination. C. 4 Hotel Ballroom Auctions and 2 Statewide Caravan Auctions. 5. CitiBank, FSB a. Series of 35 Auctions conducted including 20 Hotel Ballroom events and 15 Statewide Caravan Auctions. b. Resulted in sale of more than 1,000 parcels and elimination of REO Department. 6. Harbor Federal Savings Bank a. Series of 10 Statewide Real Estate Auctions. b. Included auction of entire subdivision owned in Highlands County, Florida, T. Bank Atlantic, FSB a. Series of 5 Statewide Real Estate Auctions. b. Auction of an environmentally -troubled asset in Jacksonville, Florida. S. Lewis B. Freeman, Receiver for Bogdan Financial Group, Inc. a. Real estate auction conducted May 1, 2003 which included 58 properties. b. Auction was attended by more than 1,200 people producing sales exceeding $3,500,000,00. C. All properties offered were sold with contract closings within 30 days of event. d. Final prices represent 110% of Broker Price Opinions. 9. Developed Subdivision Lots a. National Auction Company has conducted real estate auctions in Florida, Georgia and North Carolina for developers with unsold developed lot inventories and lenders acquiring similar lots through foreclosure. Each auction has been successful because efforts were made in advance to insure the event was properly promoted and information was readily available to prospective bidders. Typically, these auctions have been conducted on site under all weather tents installed at each subdivision which allows creation of an ideal atmosphere for the event. Weather conditions are not controllable, however, we have never had to postpone any auction because of inclement conditions at auction time. b. Examples of similar auction events 1. First Union National Bank of Florida (Wachovia). a) Boynton Beach, Florida b) Homossassa Springs, Florida c) Winter Haven, Florida d) Cape Coral, Florida e) Charlotte County, Florida f) St. Mary's, Georgia 3 2. Harbor Savings Bank a) Avon Park, Florida b) Fort Pierce, Florida 3. Resolution Trust Corporation a) Wellington, Florida b) Jacksonville, Florida c) Tampa, Florida d) Orlando, Florida 4. Developer Auctions a) Asheville, North Carolina b) Calhoun, Geogia c) St. Lucie West, Florida d) Fort Pierce, Florida (5) e) Hardee County, Florida f) Ridge Manor, Florida g) West Palm Beach, Florida h) Sebring/Lake Placid/Avon Park, Florida i) Stuart, Florida III. Personal Property Experience A. General Besides offering and selling many types of real estate, National Auction Company also contracts for personal property auctions. Many of the auctions we have conducted have been for Trustees appointed by The United States Bankruptcy Court or lenders who have acquired assets that must be liquidated quickly. We also contract with state agencies, municipalities and county governmental agencies for auctions of many types of items that have been declared surplus. B. Specific Experience 1. City of Delray Beach, Florida 2. City of Jacksonville, Florida 3. Miami -Dade County Public Schools 4. School Board of Broward County, Florida 5. United States Marshals Service 6. City of Fort Pierce 7. St. Lucie County, Florida S. Martin County Fair Association 9. The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation 10. Miami -Dade County 11. Broward County Board of County Commissioners 12. GMAC Commercial Finance C. Project Management Many of the personal property auctions we conduct include responsibility for management of the auction site for extended periods of time. Usually this provides time to organize the assets that are to be sold, conduct the auction and supervise removal of assets by purchasers. Every effort is made to assure the success of the auction and protect the premises until the event has been completed. Hands on management sometimes requires locating C! a temporary office on site. Our efforts have resulted in hundreds of successful auctions and not one injury or insurance claim. III. Conclusion National Auction Company has a proven record including property management. Some sellers include in the auction assignment management of assets until the time of sale and contract closing. We have also acted in the capacity of real estate brokers and consultants to other auction companies and sellers with complicated properties. As with other facets of our business, every effort is made to responsibly manage every assigned task. We have the proven skill and ability to get the job done on time and budget. Many of the auctions we conduct result from referrals of satisfied clients who need of our services again. We take pride in being asked to work with many of the same sellers year after year or whenever they again need the services of a professional auction company. When you decide to sell your real estate or personal property and want to consider an auction, we hope you will consider us. Auctions are our only business and every effort will be made to give your property exposure to as many markets as possible. Because auctions are a specialty, the company you employ must understand each phase of the process and know how to best offer your particular property. M. Principal of the Company George Richards George Richards serves as President of the company and Principal Auctioneer. Included in this package is a resume' detailing his experience. He is a seasoned auctioneer with more than 18 years of experience and has offered and sold nearly every type of real estate and personal property. Prior to entering the auction profession in 1985, he was employed by commercial banks in South Florida specializing in real estate, commercial and construction lending. During this time, experience was gained managing and selling large portfolios of troubled assets which included many real estate related work outs. This experience is extremely valuable as an auctioneer in planning, negotiating, managing and conducting auctions. To date, auctions have been conducted in more than 40 different states. Experience teaches every seller is different with individual motivations for wanting to sell, however, every seller expects the very best service and dedication from the company chosen to conduct their auction. Every seller has one common goal, obtaining the highest possible price for their property and the knowledge money was not left on the table. To make every auction successful, attention is paid to details from the day the auction is negotiated until the time of settlement. We are a diversified company who has been employed by large corporate sellers, developers, government agencies, mortgage lenders, commercial banks, Bankruptcy Court Trustees, Court Appointed Receivers and individual property owners. Successful auctions are not the result of good luck and depend upon organization and a well -thought out strategy in advance of the event. There is no substitute for experience gained from conducting auctions on a full-time basis for the last 18 years. In addition to serving as CEO of National Auction Company, Inc., George Richards proudly served as President of The Florida Auctioneers Association in 1993 and on its Board of Directors from 1989-1994. Since 1989, he has been on the staff of Florida Auctioneer Academy in Orlando, Florida instructing students about real estate auctions, bankruptcy auctions and advertising and promotion. Since 1990, he has contributed a monthly column forAuction World Magazine, a nationally recognized publication designed for auctioneers. He is a member of the National Auctioneers Association. There are many attributes needed to succeed in the auction business, however, the ability to quicky access and understand the needs of a prospective seller is vital to the ultimate success of the event. During our many years in the auction business, we have built a reputation for dealing fairly and with integrity. We welcome the opportunity to meet you and discuss your auction needs. no PROFESSIONAL EXPERIENCE George L. Richards National Auction Company • Co -Founder (1990 - Present) • President & Principal Auctioneer • Qualifying Real Estate Broker for National Auction Company • Qualifying Auctioneer for Auction Business License • Conducts 100 Real Estate & Personal Property Auctions Annually Partial Client List • First Union National Bank of Florida • Wachovia Bank, N.A., Orlando, Florida • Sun Trust Bank, Orlando, Florida • Resolution Trust Corporation Atlanta Sales Center (RTC) • Federal Deposit Insurance Corporation (FDIC) • State of Pennsylvania Department of Insurance (Liquidations) • City of Jacksonville, Florida • City of Delray Beach, Florida • City of Fort Pierce, Florida • City of Aventura, Florida • Broward County Board of County Commissioners • Miami -Dade County • The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation • Harbor Federal Savings Bank, Fort Pierce • Bank Atlantic, Fort Lauderdale • CitiBank, FSB • Eagle National Bank of Miami • Hamilton Bank, N.A. • U.S. Bankruptcy Court Trustees - Southern & Middle District of Florida • Cumberland Farms, Inc. • Cleveland Clinic Florida • American General Finance • Miami -Dade County Public Schools • The School Board of Broward County • Various Developers, Corporations & Individuals • Host Marriott Grubb & Ellis Management Services, Inc. • The United States Marshals Service - District of Connecticut • The Department of the Treasury, Internal Revenue Service - Criminal Investigation Unit • Lewis B. Freeman, Receiver for Bogdan Financial Group, Inc. (St. Lucie County, Florida) • The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation • GMAC Commercial Finance tI Professional Licenses • Real Estate Broker • State of Florida • Auctioneer • State of Florida (AU 899) • Auction Business License • State of Florida (AB640) • Auctioneer • State of Georgia (NR002724) • Auctioneer • State of Pennsylvania (AU004016) • Auctioneer • State of North Carolina (NCAL 7546) • Auction Firm • State of North Carolina (NCAL 7552) Professional Experience National Auction Company • President & Co -Founder 1990-Present • Negotiated & Conducted Real Estate & Personal Property Auctions in 40 States • Principal Auctioneer • Real Estate Broker of Record • Real & Personal Property Evaluations • Certified as Professional Witness in U.S. Bankruptcy Court Auction Company of America • Executive Vice President 1985-1990 • Negotiated & Conducted Auctions in 37 states • Top producing Sales Associate 1986-1990 Commercial Banking (1967-1984) • Various South Florida Based Commercial Banks • Commercial, Real Estate, Construction & Instalment Lending, Special Assets, Real Estate Owned, Negotiated Work -Outs & Branch Management Education • Gold Coast School of Real Estate - Real Estate Broker • American Institute of Banking - Various Certificates • Miami Dade Community College - AA Business Administration (1969) • North Miami Senior High School (1967) Professional Associations • Florida Auctioneer's Association - President (1992-1993) • Florida Auctioneer's Association - Board of Directors (1987-1994) • National Auctioneer's Association (1989-Present) • Florida Auctioneer Academy - Instructor (1989-Present) • Auction World Magazine - Contributing Columnist (1990-Present) • Guest Speaker - Florida Association of Realtors Convention 2001 • Guest Speaker - Florida Auctioneer Association Conventions (1989, 1990, 1993 & 1995) AUCTION EXPERIENCE REAL ESTATE Single Family Homes Luxury Estate Homes Trophy Properties Condominiums Townhouses & Duplexes Multi -Family Residential Rental Apartment Buildings Developed Subdivision Lots Acreage (Developed & Undeveloped) Groves, Farms & Nurseries Shopping Centers Commercial Buildings Industrial Buildings Hotels/Motels Restaurants Mobile Home Parks R. V. Parks Truck Terminals Automobile Salvage Facilities Office Buildings Marinas Environmentally Troubled Properties Fast Food Restaurants PERSONAL PROPERTY Business Liquidations Specialized Equipment Inventory Reductions Computers Office Furniture & Equipment Medical Fixtures & Equipment Automobiles & Motorcycles Boats & Yachts Heavy Duty Trucks & Busses Industrial Machinery Construction Machinery Machine Shop Tools Surplus Inventory & Materials Residential Furniture Antiques & Collectibles Industrial Racking Restaurant Equipment Medical Inventory & Supplies Moving & Storage Auctions Fund Raising & Charity Auctions Aircraft Parts Inventories 9 PARTIAL CLIENT LIST COMMERCIAL & SAVINGS BANKS First Union National Bank of Florida Sun Trust Bank Bank Atlantic, FSB Eagle National Bank of Miami CitiBank, FSB Harbor Federal Savings Bank UniBank Corporation Bank of America Hamilton Bank, N.A. Wachovia Bank, N.A. CORPORATIONS American General Finance The Door Store Cumberland Farms, Inc. Kahn Groves, Inc. State Mutual Insurance Company IBM Credit Corporation Tri-W Systems, Inc. Cleveland Clinic Florida Beltman Group Moving Leasing Technology, Inc. (LTI) The Wilmington Group, Inc. Star Restoration Contractors, Inc. GOVERNMENTAL AGENCIES REAL ESTATE BROKERS United States Bankruptcy Court Trustees Hoyt C. Murphy, Inc. Resolution Trust Corporation, Atlanta Sales Center Prudential Transact Realty, Inc. Federal Deposit Insurance Corporation Allen Realty, Inc. Miami -Dade County Public Schools C.B. Richard Ellis, Inc. The School Board of Broward County V. R. S. Realty Services, Inc. City of Jacksonville Evans, Butler & Company Martin County Fair Association Re/Max Partners City of Fort Pierce City of Delray Beach City of Aventura St. Lucie County Board of County Commissioners State of Pennsylvania Department of Insurance United States Marshals Service - Southern District of Florida United States Marshals Service - New Haven, Connecticut DEVELOPERS Casto Development Clifton Homes Tate Development Corporation Knightsbridge Corporation Whispering Oaks, Inc. Bear Lakes Estates Corp. James & Vinita Phillips - Fields Ferry Development Company Max Ambach & Sons Highvest Corporation fits] PARTIAL REFERENCE LIST Mr. Oscar A. Bruni, Jr. Senior Vice President Sun Trust Bank Post Office Box 620083 Orlando, Florida 32862 407-237-4851 Mr. Donald E. Hughes Senior Vice President Harbor Savings Bank P.O. Box 249 Fort Pierce, Florida 34954 772-260-4089 Mr. Alan Levan Chairman of the Board Bank Atlantic, FSB 1750 East Sunrise Boulevard Sixth Floor Fort Lauderdale, Florida 33304 954-760-5018 Mr. Hoyt C. Murphy, Jr. (Pat) President Hoyt C. Murphy, Inc. Realtors 411 North U.S. One Fort Pierce, Florida 34950 561-461-3250 Mr. William Spencer, Esq. Gunster, Yoakley & Stewart, P.A. 500 East Broward Boulevard Fort Lauderdale, Florida 33394 954-468-1399 Ms. Jacklyn Rooney Purchasing Supervisor City of Delray Beach 100 NW 1 Avenue Delray Beach, Florida 33444 561-243-7163 Ms. Marika Tolz U.S. Bankruptcy Trustee Southern District of Florida Hollywood, Florida 33020 954-923-6536 Mr. Jack Ambach Max Ambach & Sons 21218 St. Andrews Boulevard #414 Boca Raton, Florida 33433 561-826-0081 Mr. Robert Breiner Miami -Dade County Public Schools 7004 SW. 4" Street Miami, Florida 33144 305-995-3012 Mr. Dykes C. Everett, Esq. Winderweedle & Haines P.O. Box 880 Winter Park, Florida 32790 407-246-8665 Mr. George W. Mathews, Esq. 1325 South Congress Avenue Suite 104 Boynton Beach, Florida 33426 561-738-5501 Mr. Terry Simpkins Senior Vice President Wachovia Bank, N.A. 800 North Magnolia Street, Suite 800 Orlando, Florida 32802 407-649-5073 11 Mr. John R. O'Connor United States Marshal District of Connecticut United States Courthouse 141 Church Street New Haven, Connecticut 06510-2030 203-773-2107 Mr. Hugh Dates Special Deputy Receiver State of Florida Department of Financial Services Division of Rehabilitation & Liquidation P.O. Box 0817 Miami, Florida 33152 786-336-1350 Mr. Chapman Smith, Esq. 3208 Arbor Lane Hollywood, Florida 33021 786-229-2206 Mr. David Simon, MD 201 North University Drive Suite 106 Plantation, Florida 33324 954-472-2007 Mr. Frank D. Tucker, Jr. Senior Vice President (Retired) First Union National Bank of Florida 1686 Margaret Walks Road Green Cove Springs, Florida 32043 904-284-2844 Mr. Alan L. Goldberg Bankruptcy Trustee 111 SW 3 Street Suite 701 Miami, Florida 33130 305-372-1100 Mr. Reggie David Sanger, Esq. 208 SE Ninth Street Fort Lauderdale, Florida 33316 954-463-8547 12 Fre uentl Asked uestions We understand most people have never hired an auction company or even considered an auction as a viable alternative to other forms of sale. Accordingly, it is expected there will be general questions which are answered on this form. It is not possible to know every question a prospective seller might have since no two auctions are exactly alike. It is our hope the answers provided will be helpful to you. We stand ready to answer other specific questions or concerns you may have related to the sale of your real or personal property and welcome the opportunity to meet with you in person. 1. Who is National Auction Company? A. National Auction Company was founded in 1990 by George Richards who continues to operate and manage it from headquarters located in Boynton Beach, Florida. Most of the auctions we conduct take place on site so there is no need for a warehouse. B. We usually conduct about 100 auctions annually and specialize in the sale of real estate. In addition, we conduct many other types of auctions that have included all kinds of assets. 2. Is the company licensed and insured? A. National Auction Company is licensed by the State of Florida as a Real Estate Brokerage Corporation. George Richards is the qualifying real estate broker for the firm and has been licensed through the Florida Real Estate Commission since 1985. B. National Auction Company is licensed by the State of Florida as an Auction Business (AB640) and George Richards is the qualifying auctioneer holding license number AU899. George Richards is also licensed as an auctioneer in Georgia, North Carolina and Pennsylvania. C. National Auction Company is fully insured. 3. Have you ever sold a property like mine? A. We have offered and sold many types of real estate and personal property over the years. Just as each seller is different and has differing motivations for selling, every auction provides unique challenges. Because we have conducted so many different kinds of auctions our experience enables us to take charge of your property. It is extremely important to the outcome of the auction that the company you chose has an extensive background and knowledge of the auction process and your property. Successful auctions are the result of hard work and dedication to details. B. National Auction Company has successfully offered all kinds of real estate including residential, multi -family residential, commercial, agricultural, industrial, undeveloped acreage, developed subdivision lots and many other kinds of specialized properties. We have also sold packing houses, citrus groves, farm land, ranches, plant nurseries, acreage and complex commercial and industrial buildings. This experience enables us to correctly present your property to the marketplace and provide potential bidders with information they will need in advance of the auction. C. We have also offered and sold nearly all types of personal property which is more fully described in another section of this proposal. The ability to understand what is being sold and who will have the most interest in it is extremely important to every seller. While many bidders are attracted to auctions by the lure of a bargain price, our efforts are devoted to marketing your assets so that the highest prices can be attained on auction day. D. On auction day there is no substitute for experience. While other companies may offer discounted commission rates, the main focus should always be toward achieving the highest possible return for your assets or property. E. Some properties require special attention to attain the best results at auctions. Even though we have offered and sold all types of real estate, sometimes other professionals are added to our team to augment our own experience. 4. What are the ingredients of a successful auction campaign? A. It is important the company yo chose has the knowledge, skill and experience to market your property. On auction day, there is no substitute for experience. B. Prior to accepting your auction, we carefully investigate the property or assets that are to be offered. Most real estate can be sold at auctions, however, there are some properties that are difficult to sell in this venue. As real estate brokers we understand your property and will be able to provide you with advise based upon our vast experience. Some real estate franchises offer their associates an auction program, however, selling real estate at auctions has very little in common to most conventional real estate listings and procedures. Conducting a successful auction campaign requires experience which can only be gained from actual working knowledge. One of the first steps in the auction process is investigating your property and making an evaluation of it. Likewise, some inventories or other types of fixed assets may not always be suited to an auction. When we meet, it will possible to share our opinions and suggestions with you. C. Each property or items of personal property offered at an auction require a well -thought out marketing and promotional campaign designed to attract attention to the asset to be offered. This is accomplished through an aggressive advertising and promotional budgetwhich is specifically designed to meet the needs of each auction. As each budget is prepared, our focus is geared toward promoting your property and attracting attention to the event. D. Generally, most auction marketing budgets include custom-made signs, printing of flyers or brochures, newspaper advertising and internet advertising. There are other forms of media that can be used, however, many have long time leads which are not usually suited to an auction. Depending on the auction and market in which the assets are located, we might recommend television or radio advertising in combination with other traditional forms of advertising. E. All methods of advertising and promotion are designed to provide maximum exposure to your property. K F. When more complicated properties or inventories are offered at an auction, the ability to supply bidders with information is critical to success. It is difficult to include complete information in an auction brochure since its main purpose is attracting attention to the property or assets being sold at auction. From a practical standpoint, it is better to provide a separate package of information for the use of prospective bidders. Usually this kind of specific information is contained in a Supplemental Property Information Package. This package provides prospective bidders with details of the asset being offered including copies of appraisals, tax assessor information, environmental reports, property surveys, leases, rent rolls, profit and loss statements or other property specific data. Packages we generate are professional organized so they will be easy to read and understand. Generally, since most prospective bidders expect this information to be provided to them by the seller, the packages we develop are supplied without charge. G. Understanding the property, your motivation to sell and commitment to the success of the auction are one of the most important ingredients to the auction process. Achieving the best possible results requires investigation of the assets to be offered so that those with the highest level of interest can be targeted for the auction. Unanswered questions leave a negative connotation and can serve to create doubt. Accordingly, we make every effort to find out as much as possible in advance of every auction. Some real estate is very complicated and every effort must be made to supply detailed information to prospects as quickly as possible. This allows them to make their own investigation before the auction date allowing a determination of the level of interest in your property. 5. What kind of auction should be used? A. There are two basic auction formats commonly used in the industry. Both forms of auctions work well when sellers are committed to selling. B. Absolute Auction - In this format, the property or assets being offered are sold the highest bidders without any other conditions attached. At most auctions, bidders are required to display some form of deposit, usually cash or the official check of their bank to show they have come prepared to participate in the auction. Past experience indicates this form of auction attracts the most attention as bidders come knowing the property will sell to someone. Some bidders are only willing to investigate a property or auction when they know whatever is being offered is going to be sold. At the same time, there are circumstances when it is not possible to offer a property at an absolute auction. In addition, some people perceive when something is being offered at an absolute auction that the final price will be very low. From having conducted more than 1,000 auctions, it has been our experience absolute auctions attract more qualified bidders who come to the event prepared to pay a fair price. C. Subject to Confirmation - When this format is used, sellers retain the right to accept or reject the top bid price. In the event the price is determined not to be acceptable, the bid can be rejected by the seller. This auction format is 91 very common when real estate is offered and in court ordered situations where final prices must be confirmed by official action of the court. D. Determination of the best type of auction - When we meet with you and consider the property to be offered, a recommendation will be made as to the best form of auction. There are many factors to consider when making this decision: 1) Present market conditions in the area where your property is located. 2) Location and desirability of the property. 3) Physical condition of the property. 4) Financial conditions such as mortgages outstanding, liens or other special conditions imposed. 5) Number of similar competing properties on the market. 6) Some sellers are very reluctant to offer their property at absolute auction fearing final prices will be far less than market value. From the standpoint of an auctioneer, the commitment of the seller to the success of the auction is far more important than the form of auction employed. It is really more important for potential bidders to understand it is the intension of the seller to liquidate the asset on auction day. E. /s it possible to advertise an absolute auction and set a minimum price? 1) Most states have laws designed to preclude false and misleading advertising. In Florida, for example, auction laws are very specific and include a definition of an absolute auction. When an absolute auction format is used, the property must be sold to the highest bidder without regard for the final price achieved. In addition, anyone offering real estate at auction must be licensed by the Florida Department of Business and Professional Regulation, Real Estate Board as either a Broker or Salesman. Under provisions of these laws, brokers and their associates must provide dependable and factual information to prospective bidders. Advertising an auction as absolute when there are conditions which make it otherwise would be considered fraudulent advertising by the Florida Real Estate Commission. 2) When we meet prospective sellers, target prices are usually one of the topics of discussion. It is important for us to know what price you expect since this provides an insight into your motivation. Our efforts are focused on obtaining the highest possible price, however, market conditions and the terms and conditions governing the auction must be taken into consideration. Setting a minimum price while advertising an absolute auction will only serve to hamper the final price achievable on auction day. 3) It is extremely important that once an auctioneer is hired for your objectives to be met. If your price expectations are not reasonable based upon market conditions, there is no reason to consider an auction. 4 6. What is your companies record of success for properties taken to auction? A. During the past 14 years the majority of the properties we have taken to auction have been sold. It is also important to note there is really no sale until a closing takes place. Ninety-nine percent of the contracts we have written have closed. This is the result of our experience, knowledge of many types of properties and commitment to keeping our word to you. B. Successful auctions begin on the day we start working with you as we work toward an auction event date. It is important for you to know all efforts are being made to promote your property and agreements made are being met. C. Most personal property we offer is sold at absolute auctions. We make every effort to advertise the auction in a manner that allows assets to return the highest possible dollar value. As noted, it is very important to spend time in advance of the auction determining targeted purchasers for the event. The ability to attract bidders to the auction with knowledge of the assets being offered is beneficial to the outcome of each event. 7. What price should we expect to receive at auction? A. The answer to this question is complicated because there are many factors to be considered including the amount of the last asking price or expectation that a property will bring its appraised value. In either case, assuming a listing price was appropriate or that an appraisal correctly states current market value, it is reasonable to expect on auction day something near that level. B. Sometimes properties do not sell in the conventional market due to a perception by qualified purchasers that the asset is overpriced. There are times when Realtors take listings even though their perspective of the asking price indicates it may be difficult to achieve based upon current market conditions. C. When a property is taken to auction, it is reasonable to expect prices in the range of 75-85% of the last listed price assuming the last listing price was based upon reality in line with similar properties. D. It is possible for prices to exceed expectation, however, each sale depends upon the property being offered, its physical condition, market conditions, number of competing similar properties that are on the market and availability of mortgage money. E. In the case of most personal property sold at auctions, final prices can be predicted. Many times, however, prices bidders are willing to pay depend upon the manner in which the assets are merchandised and sold. Knowing the best means of setting up the auction is very important to the final outcome of the event. Market condition and the condition of the assets to be offered also must be considered for every auction assignment. S. How is the auction company compensated? W A. At most auctions we conduct, a 10% Buyer's Premium is added to the final bid price and then included in the contract price and usually becomes our compensation for the auction. It is important to understand the Buyer's Premium is added to the top bid price and included in the final contract price 5 with payment made to us at the time the contract closes. B. There are some instances in which a standard commission is suggested instead of a Buyer's Premium. Commissions are paid at the time the contract closes. C. When offering personal property, our commission is usually based upon a 10% Buyer's Premium which is generally accepted in the industry. On most -' auctions, settlement with the seller typically occurs 10-15 days following the event. 9. What happens if there are no bidders at the auction? A. It is rare for this to happen since we have conducted auctions in nearly every Florida county as well as 40 other states. Every possible step is taken in advance of the auction to assure there will be bidders present and ready to take part in the event. B. At times, due to extremely inclement weather, such as a hurricane or other natural disaster, it may be necessary to postpone or reschedule an auction. Having been in the auction industry for the last 18 years, we have never had to postpone an auction because of inclement weather. C. From past experience, if there are no bidders present who want to participate in the auction, the reason is usually lack of interest in your property. Again, our experience indicates this can be overcome through aggressively advertising and promoting the auction as a date is worked toward. Some properties have special challenges which can best be addressed long before the auction date. One of the most common problems occurs when prospective bidders have preconceived notions that the owner of a property expects a certain price and will not accept anything less. This can be overcome by aggressive advertising and making it clear to interested prospects the owner plans to sell the property. Once an auction agreement is reached, it is best to route all inquiries about your property to us. 10. How will others perceive an auction of my property? A. Auctions should not be considered as the last choice of sale since they are consistently used for the sale of almost every type of commodity in our country and establish market prices. Consider some of these common types of auctions that you will be familiar with: 1) Automobiles (Used car markets & collector vehicles) 2) Cattle & agricultural products 3) Fine art, antiques, memorabilia & collectibles 4) Interest rates (Federal Reserve System) 5) Court ordered sales (Estates, Bankruptcy, Foreclosure, etc.) 6) Charity fund-raising events 7) Agricultural products 8) Sale of surplus items from local School Boards, County Governments, State Governments and Federal Agencies B. Auctions are as much a part of America as any other system of exchange. As bidders and others observe auction promotional materials, they see a motivated seller with a reason and purpose to sell. C. Many sellers preferthe auction method of sale over conventional listings with real estate brokers. C.1 D. The price achieved at auctions reflect current market conditions and is worth more than a negotiated sale that may not occur for a protracted period of time. Time equals money! E. A unique advantage of an auction allows many interested prospective bidders to come to one location at one time to competitively bid for whatever is being offered. Instead of having only one prospective purchaser who may make unreasonable offers or insist on conditions that are unacceptable, there are multiple bidders gathered to bid on your property. 11. What are standard terms and conditions at an auction? A. General The purpose of every auction is to provide a means through which the asset being offered will be sold on a date certain. Terms and conditions are a very important ingredient to every auction and must be fair to the seller and potential purchasers. When terms of sale are made too stringent, bidders may become reluctant to actively participate in the event. At the same time, the terms of sale must be written clearly and thus alleviate misunderstandings. B. As -Is In most cases including real estate and personal property, purchasers are required to take the assets as they are, that is, in their present condition. When offering real estate, prospective bidders are provided with specific times to preview the property being offered. Sometimes bidders request special times to inspect properties or have professional inspections made of the property being offered. To the extent possible, we make every effort to accommodate requests knowing that bidders willing to spend time investigating a property are usually good prospects. In the case of personal property, bidders purchase also purchase in as -is condition. We make every effort to provide as much information to bidders as possible including disclosure of defects brought to our attention. C. Closings In the case of real estate, most purchase agreements call for closing within 30 days of the auction. This allows time for the purchaser to obtain financing, perform required inspections or appraisals. Even though auction contracts of sale usually require purchasers to pay cash, many obtain mortgage financing. When personal property is being offered, purchasers are usually required to pay in full at the conclusion of the event. D. Contract format We have developed a special contract for use at real estate auctions which is free from contingencies contained in most other standard contracts. It is a very simple form setting forth the terms and conditions announced at the auction. While we always are open to suggestions from others, most of the time there is little deviation from this contract form since it has proven to be very effective. E. Forfeited deposits It is extremely rare for an auction contract not to close. One of the reasons is that purchasers are required to place 10% of the purchase price into escrow at the time the contract is executed. The contract indicates if the purchaser fails to close, those funds are subject to forfeiture. 7 Under normal conditions, should this occur, funds held in escrow that are forfeited are divided between the auction company and the seller unless other arrangements have been made. 12. Once an agreement is reached to conduct an auction can the property still be sold? A. An auction is a tool for motivated sellers. Once an auction is agreed to, the property can still be sold outside of the scheduled event even though many times those making offers in advance of an auction date are driven to make an offer without the influence of other qualified bidders. When pre event offers are made we always communicate them to sellers. Past experience indicates sometimes bidders make unrealistic offers in advance knowing it is likely the seller will reject them. Sometimes offers are made as a means of determining the lowest price a seller might accept. It is very important for skill and judgement to be exercised when dealing with pre event offers. B. By using an auction, there are three types of sales which can occur: 1) Before the scheduled event date. 2) At the auction. 3) After the auction. C. It is not common to allow the sale of personal property in advance of an auction. In most cases, purchasers desire to make offers on better or more marketable items while leaving the rest. Accepting pre auction offers make the outcome of the auction event difficult to predict. As with other parts of the auction process, when offers are received, final decisions concerning how this should be handled is done through consultation with the sellers. 13. If the property is sold outside of the auction, how is the auctioneer paid? A. As licensed real estate brokers, every offer, verbal or in writing, will be brought to your attention. In the event the decision is made to accept the offer, our commission is subject to negotiation and based upon a percentage of the contract price. B. When an offer is received, we will work with you in determining the best course of action to take. C. Generally, when an offer is made, we suggest the terms of sale be similar to those which would have applied at the auction. It is important to see the transaction to its completion and usually auction advertising will continue until the contract closes. This creates an urgency upon the purchaser knowing auction day is approaching. 14. Who pays the closing costs at an auction? A. Closing costs can be negotiated to meet almost any situation, however, generally the following applies: 1) Documentary Stamps on Deed - Purchaser 2) Title Insurance Policy - Seller 3) Survey - Purchaser 4) Real Estate Taxes - Prorated between Seller and Purchaser 5) Home Owner's Association fees prorated between Seller and Purchaser 6) Advertising & Promotional Budget - Seller B. Having an understanding about who pays for specific expenses connected with the closing eliminates confusion as most bidders want to know what they will be expected to pay for at the time of closing. C. Since most auction contracts of sale require purchasers to comply with special conditions, it is usually best for the seller to pay the costs of obtaining a current title insurance policy. This allows the seller to control the closing - including selection of the company or attorney who will be handling it. 15. Can National Auction Company provide other services to us? A. Because of our background we have the ability to provide other services to seller including the following: 1) Comprehensive Property Management 2) Construction Management & Rehabilitation 3) Property Assessment 4) Property Clean -Up & Maintenance 5) Asset Evaluation (Real & Personal Property) 6) Coordination of closing B. In some cases, sellers are no longer living in the area where their property is located. We have the expertise and trust to take the keys to your property and oversee it until it is sold. As part of our service, we drive by your property on a regular basis to make certain it remains secure. C. In some situations, experience indicates it is a good idea to seek the assistance of a local mortgage company or bank in the marketing process. We have worked with many lenders who agree to offer special financing for auctions and assist potential bidders with pre qualification for mortgage financing. This allows bidders to come to the auction with an additional layer of confidence knowing mortgage money is readily available to them. D. National Auction Company is well qualified to conduct field inspections of almost any type of real estate or personal property. Information provided to sellers is well researched and based upon opinions developed from years of experience or actual conditions observed at a property location. Reports generated for sellers include detailed information and photographs supporting conclusions reached. From time to time National Auction Company has offered testimony required by State or Federal Courts and has been certified as Professional Witnesses. 16. What makes National Auction Company a better choice ? A. National Auction Company takes pride in every event we conduct and fully understands the trust that must exist for the auction to be successful. We understand it is not every day you need the services of an auctioneer, however, every effort is made to assure the success of your auction. It is important to sell each parcel for top dollar. B. We want you to know every possible stone has been turned to present your property to the market. There are other considerations in selection of an auction company which should be of importance to you including: 1) Experience and past auction successes. 2) Ability to understand the property being offered and how best to market it. 3) Professional ability to conduct and staff the auction. 011 4) Confidence the auction company will take every step to assure the contract closes in a timely manner and any requirements of the seller are fulfilled. 5) Confidence the terms and conditions developed for the auction protects the owner from future liability and litigation. 17. What should we do if our property is presently listed with another real estate broker? A. Many of the auctions we conduct are referred by other real estate brokers. Sometimes the referral comes as a result of an inability to locate a buyer or changing needs of the owner. In other cases, a listing may be about to expire and the owner has asked the broker to assist in finding an alternative form of sale. B. While each situation is different, in most cases auctions can be conducted in cooperation with your broker. This allows them the opportunity to participate in the auction process and assist with the sale of the property. In such cases arrangements are made with the broker to assist us with the auction in exchange for a portion of the commission earned. C. We also offer real estate brokers and their associates the opportunity to earn commissions by registering prospects for the auction. A portion of the earned commission is paid at the time of closing when they have registered the winning bidder who goes to contract and closing. Our policy is designed to attract attention and encourage active participation. 18. Are most of your clients pleased with the services delivered? A. We make every effort to complete each auction so our clients are pleased with our services and will think of us again when there is another property or situation with auction potential. When we lose an account is usually only because of statutory restraints brought about by the necessity of rebidding a contract. We have worked for some of the same sellers since the inception of the company and work very hard to make it possible for clients to be able to recommend our services to others. B. Over the course of our history, we have not been involved in litigation brought by unhappy sellers or purchasers who thought they were mislead. In addition, we have never been involved in lawsuits brought by sellers over commissions or other such matters. Throughout our history, we have never been accused of misrepresenting properties or caused sellers to become embroiled in litigation of these kinds of matters. C. We are truly team players committed to achieving results demanded by sellers who employ our services. It is always our intent to place the needs of those employing us before our own interests. This policy has been consistent throughout our history and allows sellers to know they have obtained the very best in auction services. 10 REASONS FOR CONSIDERING AN AUCTION 1. There are many advantages to an auction when compared to other vehicles typically used to sell real estate or other assets including: A. As the owner of the property, you decide the date of sale instead of waiting for months or years for a qualified purchaser to come to you- time is money! B. Costs commonly associated with the ownership of real estate or other assets can be curtailed since the auction date is usually no more than 30-45 days after reaching an agreement with us. C. Capital is freed permitting other uses, investments or changes. D. Through an aggressive marketing campaign, your assets are exposed to a vastly wider market of potential purchasers. Usually, the marketing time required for an auction is 60 days or less. E. Bidders know you are committed to selling and come prepared to participate in the auction. F. Through the process of competitive bidding, purchasers know they have paid a fair price. G. All negotiations take place while the auction is progressing without the necessity for counter offers and other similar standard negotiating tactics common to other sales techniques. H. The auction process creates competition which cannot be duplicated in private treaty negotiations. I. All interested parties are attracted to your property at the same time far one single purpose - to determine who will pay the most for it. J. When considering an auction as a means to sell real estate, it is important to understand real estate brokers show your property and others to prospective purchasers. Your property may be shown as a means of providing prospective purchasers with something similarto compare another property with. Unfortunately, this process is usually not helpful to the sale of your property. On auction day, bidders must meet pre established requirements which provide an assurance they have come prepared to participate in the event and are not there just to waste your time. 2. As the seller, you are able to control the terms and conditions of sale. A. The property is offered in As -Is condition. B. Bidders purchase using a non contingent contract. C. On auction day, a binding non refundable deposit is taken, usually in the amount of 10% of the purchase price. As a result, most contracts close on or before dates established in the written document. D. Properties sold at auctions are offered in As -Is condition using a contract form free of contingencies, except that of title. In most conventional sales contracts, once the document is signed, there is little assurance a closing date is near because of the many conditions that must be met. It must be remembered most conventional contracts are contingent upon inspection of the property, appraisal, approval of third party financing, termite inspection and other conditions. It is also typically accepted that property owners are expected to pay for or make repairs up to either a certain dollar amount or 1 percentage of the total purchase price. At auctions, once a contract is signed and a deposit taken, the purchaser agrees, in writing, to take the property in As -Is condition without additional repairs. From past experience, most close within the specified time. This allows an owner of a property to begin making other plans with the assurance there has been a sale. 3. Your property is shown to prospective bidders on a scheduled basis. A. With most conventional listing agreements, prospective purchasers are shown your property at their convenience instead of yours. B. Part of the auction plan calls for previews of your property at scheduled times, usually one or two weeks prior to the auction date. C. Sometimes, even when previews are scheduled, it may be necessary to show your property by special appointment to a prospective purchaser who was unable to attend published preview dates. Every effort is made to schedule special previews at your convenience. 4. Reduction in costs associated with sale of real estate. A. In most cases, the auctioneer's commission will be a Buyer's Premium which is added to the top bid price and included as part of the total contract price. B. Closing costs are greatly reduced and can be negotiated. 1) Documentary stamps are usually paid by the purchaser. 2) Title Insurance Policy is normally sellers' expense. 3) Real estate taxes prorated to the date of closing. C. As with other aspects of the auction process, closing costs can be negotiated to meet your needs since they are included in the terms and conditions of sale and announcements which precede the start of the event. 5. Personal Property and Other Assets A. Through aggressive marketing and promotion, assets can be liquidated more efficiently and on a date and time certain. B. All assets are sold on one or two days instead of waiting for weeks or months. C. Costs common to large warehousing are greatly reduced as most auction purchasers remove all merchandise immediately following conclusion of the event. This allows a warehouse to be returned to a landlord in a much shorter time frame thus reducing costs. D. Most auctions can be conducted on the premises eliminating the need to transport inventory to other locations. E. Bidders purchase the goods in As -Is condition and for Cash eliminating costly returns and restocking charges. 6. Reasons live auctions provide better results than electronic auctions. A. Our world has drastically changed with the advent of electronic on line auctions such as E-Bay. Almost any kind of property including real estate, heavy equipment, inventory, fine art, automobiles and other items can be found on these electronic sites. As a seller, there are many disadvantages that must be taken into consideration and balanced against potential benefits. PA B. At live auctions, bidders are present and have the ability to observe the present condition of items being offered for sale. This eliminates the concept commonly referred to as "buyer's remorse" which may cause purchasers to seek reasons to return items purchased on line. Prior to the start of live auctions, announcements are made which govern the conduct of the sale which limits post auction complaints from purchasers. C. When items are offered and sold on-line, problems can occur prior to actually receiving payment from purchasers. While there are services available to make on-line payments simpler, at live auctions, purchasers typically are required to pay in full at the conclusion of the event. Sellers can leave the auction site knowing when final settlement with the auctioneer can be expected. D. When selling on-line, it is usually the responsibility of the seller to make arrangements for shipment of the items to purchasers. At live auctions, purchasers make their own arrangements for taking possession of whatever has been purchased. E. At live auctions, sellers and purchasers are assured they are dealing with a licensed and insured auctioneer and/or auction business. Auctioneers in Florida must comply with Florida Statue 468 which requires possession of a valid licence which serves to protect sellers and purchasers from unscrupulous businessmen. Those licensed in Florida are required to meet rigid standards to obtain and maintain their ability to operate. P. 1 l BY ORDER OF MIAMI-DADE COUNTY PUBLIC SCHOOLS UCTION Buses • Maintenance Trucks • Vans • Cars • Storage Trailers • Tractors Equipment Trailers • Step Vans • Equipment • A/C Chillers • More! 10:00 a.m. Saturday • November 4th ° NATIONAL AUCTION ° ° C o M P A N Y Licensed Real Estate Brokers & Auctioneers ,41.'899 • .-I B6,10 1-500-659-7004 «�.nat] auction.com C Cop right 2000 Natinnul .auction Cnmp:wc PARTIAL INVENTORY School Buses 108 Buses 1986, 1987 & 1988 International Ward & Bluebird Bodies Mostly 65 Passenger Diesel Engines -Automatic Transmissions - Air Brakes Heavy Duty Trucks GMC with 20 Foot Box (5) Internationals with 20 Foot Boxes Service/Maintenance Vehicles (16) GMC 3500 Step Vans ChevrulCl & GIv' , I lu(I IIuC:KJ wish Uiiiiiy Bodies yard F700 Dump with Dump Body Chevrolet, GMC & Ford Vans Trailers (10) 40-45 Foot Trailers (4) Heavy Equipment Trailers Storage Trailer (Wells Cargo) Other Vehicles Pick Up Trucks Automobiles Other Equipment Ford Tractor Model 340A (Diesel) Ford Tractor Model 545 A with Front End Loader (Diesel) Tillers Mauldin Asphalt Paver (Model L-50) Portable Concrete Mixer Mowers A/C Chillers Boilers Portable Chiller mounted on 40 FOot Trailer Heavy Duty Truck Lifts (Platform & Wheel Lifts) Tandem Axle Roofing Kettle Auction Conducted apt: 4300 S.W. 74th AVENUE MIAMI, FLORIDA I 1 tsy UIKLJtK OF MIAMI-DADE COUNTY PUBLIC SCHOOLS UCTION SURPLUS EQUIPMENT 0:00 a.m. • Tuesday December I I th ^l Auction Conducted At 50 N.W. 14th Street 1 (Richard's Warehouse) i Miami, Florida 1 ° NATIONAL AUCTION o C p M P, A N Y o i icetlsed Deal Estate Brokers a Auctioneers AU899 e AB640 1.800-659-7004 www.natlauction.com Copyright ' 001 National :tuctiun Cumpan} PARTIAL INVENTORY General (6) Electric Pallet Jacks (4) Golf Carts Window Air Conditioning Units (Large quantity) Control Airconditioning Units Wall Air Conditioning Units Washers/ Dryers Household Refrigerators, Ranges & Ovens Household microwave ovens Portable Swimming Pool, Pump & Filter Pianos Kilns Hospital Beds Stone Portable Mixer (Tow -Behind) Electronics Hilochl Data System (Large Commercial Computer System) Computers( Desktop & Laptop) Printers Fax Machines Color Televisions (Large Quantities) PC viewer Panels Projectors video Cameros Video Recorders (VCR) Photocopiers Two"Woy Radios Restaurant - Cafeteria Equipment Stainless Steel Steam Kettles Blodgett Convection Ovens Commercial Refrigerolion Traulsen Stainless Steel 1, 2 & 3 Door Freezers & Refrigerators McCall Stainless Steel 1.2 & 3 Door Freezers & Refrigerators Ice Machines Convection Steamers Milk Coolers International Dynetics Waste Shredding Machine (Paper Plates) Hoport Mixers (several sizes and copaci1 es) Hobart Slicers & Choppers Champion Machine Corporotion (Bread & Dough Roller) Food Warmers Soloo Bars Stoinless Steel Triple Comportment Friolators Market Forge Sterilizer Vulcan Ovens Garland Commercial Stoves Mlcrnwove Ovens HoT Dog Carts Ice Creme Freezers Printing Equipment Multi 1360 Offset Printing Press AB Dick 36o Offset Printing Press LB LIiC'K 385 Offc f Pnnting Press Champion Paper Cutters Thermo Forming Centre Paper Drills (3 hole) Dynamic Binoery Machines Electric Stitchers Staplers Large Copocily Copiers with sorters Automotive Shop Equipment (21 15 lon capacity tuck lifts Sun Interrogator 2 Electronic Analysis Machine Sun Gas Analyzer Sun MCS 4000 Modular Computer System Analyzer Sun Computer II Model 1215 Analyzer Sun Tester (Hydrocarbon & Carbon Monoxide) Coats 1001 Electronic Wheel Balancer Snap-On Electronic Wheel Balancer Ammco Brake Machine Miller Welder & Generator Lincoln Arc Welders RELS Manufacturing Brake Lathes K.O. Lee Grinding Machines Dayton 15 ion Hydraulic Press Air Compressors (Portable) Parts Cleaner Beam Automotive Computerized Analyzer Machine shop tools Keller Electric Hock Sows & Chop Saws Southbend Lathe (5 Foot Bed) Clnninatti Milling Machine Buffolo t121 Hydraulic Milling Machine Powermotic Drill Press K. O. Lee Milling Machines Bridgeport Milling Machine Meta: Bender Wood Shop Tools Powermotic Lathes (VarloU5 SIZeS) Drill Presses (Various Sizes & Power Source) Scroll Saws Rockwell Table Sows Delta Table Saws Delto Bond Saws Powermotic Bond Saws DeWalt 790 Chop Saws Powermotic Planers Delta Joiners Floor Mounted Grinders Floor Mounted Polishing Wheels Delta Power Sanders Commercial Sewing Machines Jukl Reece American Janitorial Equipment Floor Polishers Floor Maintoiners Commercial Vacuums High Pressure Steam Cleaning Machine Pressure Washers Lawn Equipment Riding Lawn Mowers (Snapper) Walk Behind Mowers Edgers rr., P^ .aradLino T,irnmers Gas Powered Blowers Gas Powered Vacuum (Billy Goat) Please note: This list may not include every item included in this auction. Please plan to attend this large event. Items may be previewed on auction day starting at 8:00 A.M. By Order of United States Bankruptcy Court - Southern District of Florida & State of Florida, Department of Financial Services Division of Rehabilitation &,Liquidation �, UCTION By Order of The State of Florida, Department of Financial Services, Division of Rehabilitation & Liquidation, Aries insurance Company In Liquidation (Case #02-CA-1128) • 1999 BMW 528i 4-Door Sedan Full Power Accessories 41,200 Miles • 1998 Ford Expedition XLT 4-Wheel Drive Full Power Accessories 66,500 Miles By Order of United States Bankruptcy Court, Southern District of Florida In Re: Gardens Commercial Holdings, LTD. Case # 03-17362BKC-RAM - 03-17366-BKC-RA Alan L. Goldberg, Trustee • 1996 Nissan Maxima 4-Door Sedan Full Power Accessories 106,386 Miles • 1996 Honda Accord 4-Door Sedan Full Power Accessories 78,000 Miles By Order of United States Bankruptcy Court, Souihern Disirici of Flarid,a In Re: Sharon Ball, Case # 03-17803-BKC-RAM, Alan L. Goldberg, Trustee • 1994 Buick Skylark GS 4-Door Sedan Full Power Accessories 72,715 Miles One -Owner Car By Order of United States Bankruptcy Court, Southern District of Florida In Re: AKl (Kirschner), Inc. Case # 03-43547-BKC-AJC Alan L. Goldberg, Trustee • 1997 Ford E250 Econoline • 1997 Ford E250 Econoline Cargo/Delivery Van Cargo/Delivery Van V-6 Engine V-8 Triton Engine Automatic Transmission Automatic Transmission Extended Cargo Body AM/FM Radio Glass Window in Door Air -Conditioning AM/FM Radio 170,300 Miles Air Conditioning 124.197 Miles 11: 00 a. m. • Sa turda y • February 21 A.L1rtion Conducted At 540 NW 165 Street Road, Miami, Florida kATI0N 1325 S. Congress Avenue, Suite 202 C O M' ..Rr?_*"A`47N r Y c 1-800-659-7004 Boynton Beach, Florida 33426 AB640 - Licensed Real Estate Brokers & Auctioneers •AU899 www.natlauction.com • • By Order of State of FL, Both Auctions Conducted At Dept. of Financial Services 562 NW 165 Street Road Miami tLiBy In Re: Aries Ins. Co. Order of US By Order of State of Florida, CaseNo:02-CA-1128 Auction Conducted At Bankruptcy Court - So. District of Florida Department of Financial 562 NW 165 St., Miami In Re: Gardens Commercial Services - r Holdings, Ltd. Division of Rehabilitation Case No-, 03-17362-BKC- & Liquidation • 1998 BMW528i • 1999 RAM thru 03-17366-BKC- In Re: Aries Ins. Co. Plymouth Voyager Van RAM (Jointly Administered) Case No.: 02-CA-1128 1998 Jeep Cherokee Alan L. Goldber , Trustee r o • 1997 Range Rover S ' 1998 BMW528i • 1999 2001 Chevrolet Blazer r r r Plymouth Voyager Van 2000 Toyota Tundra Lg. Oty. Computers 1998 Jeep Cherokee Pickup • 2002 Toyota r-Printers • Fax Machines • 1997 Range Rover 2001 Chevrolet Blazer RAV4L • 1996 Nissan hotocopiers • Servers ffice Furniture • Chairs 2000 Toyota TundraEx Maxima • 2001 Ford P edition 1998 Ford Lateral Files - Panel Pickup • 2002 Toyota Systems - (3) Forklifts RAV41, • 1996 Nissan Expedition • 1997 • Rolling File Systems Maxima - 2001 Ford hevrolet Astro Van • 1997 • Pallet Racking - Steel Expedition • 1998 Ford Nisson Quest Van • 2001 Shelving • E-Z Go Electric Expedition - 1997 Honda Civic • 1996 Work Cart • Lg Capacity Chevrolet Astro Van • 1997 hevrolet Astro Van - 1995 Tel System • Glass Nissan Quest Van • 2001 Honda Accord • & Others Display Cases • Framed Honda Civic • 1996 Chevrolet Astro Van • 1995 Previews:12/1alrom1-5PM,& Art • Mont Blanc Writing Pens • More Honda Accord • & Others 12119 from 5 - 10A.M. & *120 from 8-9.30 A.M. - f0% B.P Assets included will be sold All vehicles included in this individually and in bulk at auction will be sub/ecl to 7 1 ^BOU^BJ9-7004 Absolute Auction Confirmation of the Seller N pY ,o a N AL r o c c+ r.n r •+ ra v N AT I N A L Previews: 12/18 from 1. 5 PM & 12/19 hom 8- 10A &12/20from 8-9.30A.M.•10%6.P A ` ' 0 ~ 1-800-659-7004 Lic RE Brkrs & Auctnr5 AB640 • AU899 c o M i• A N Y Lic RE Brokers & Auctioneers • AB640 • AU899 www.natlauction.com www.natlauction.com BROWARD CO. BD OF COMMISSIONERS SURPLUS VEHICLES & EQUIPMENT 9AM•SAT • APR 17 1600 NW Blount Rd Pompano Beach, FL Prev: 4/15 & 16, 9-4 ! Cash & Cashier's Check NATJ9N61L 1-800-659-7004 AB640 • AU899 CITY OF DELRAY BEACH SURPLUS VEHICLES & EQUIPMENT 10AM•SAT•NOV. 1' 1700 Lake Ida Road Delray Beach, FL Prev 8-10 am / Cash & Cashier's Check ONLY NATIONAL Auc•r1oN 1-800-659-7004 AB540 • AU899 ABSOLUTE AUCTION THE SCHOOL BOARD OF 13ROWARD CO. VEHICLES & BUSES 10AM•SAT•FEB 23 2320 College Ave Davie, FL Prev: 8-10 am, 2123 1-800-659-7004 NATIONAL AUCTION CO. Lic RE BrokersAuctioneer AB640-AU899 www.natlauction.com By Order of The School Board of Broward County, Florida ABSOLUTE AUCTION VEHICLES & BUSES PARTIAL INVENTORY SCHOOL BUSES 1986-1992 Intemational • Chevrolet • Ford Blue Bird, Ward & Carpenter School Bus Bodies Diesel Engines Automatic Transmissions Air Brakes Most Buses are in operable condition •(59) 65 Passenger • (16) 47 Passenger • (11) 29 Passenger AUTOMOBILES • Chevrolet Station Wagons OTHER • Bradley Equipment Trailer • Covered Utility Trailer MAINTENANCE TRUCKS Chevrolet • GMC • Ford • Dodge • Intemational • Pickup Trucks • Cargo Vans • Passenger Vans • Work Vans • High Cube Vans • Step Vans • Crew Cabs with Utility Bodies • Dump Trucks • Warehouse Trucks (24 foot with Lift Gates) • Stake Trucks • Flat Bed Equipment Carrier • Fleet Maintenance Trucks Previews: Auction Day from 8:00 a.m. until 10:00 a.m. Auction Conducted At: Directions: From the Florida Turnpike or 1-95, exit onto I-595 West and continue to University Drive exit. At 2320 College Avenue, Davie, Florida University Drive turn left and go under I-595 to SR 84 East (Service Road on south side of 1-595). Continue to College Avenue (Nations Rent) and turn right to auction site. Watch 10:00 AM a SATURDAY • FEBRUARY 23 for auction signs. '1-800-659-7004 NATIONAL Licensed Real Estate Brokers A U G'T 1 4 N &Auctioneers WWW. natlauction. com � C) M P r„ AB640 • Auass ABSOLUTE AUCTION By Order of MIAMI-DADE CO. SCHOOLS VEHICLES & EQUIPMENT 10 AM • TUESDAY • MARCH 12 4300 SW 74 Avenue, Miami INVENTORY INCLUDES: Buses (107) • Pickup Trucks, Dump Trucks - Step & Cargo Vans • Automobiles • Budd, Over -the Road, Equipment & Gooseneck Trailers • Farmall, Cub & M-F Model 255 Tractors • Skid & Front End Loaders • E/B Rollers • Cooling Towers, Chillers, Compres- sors, much morel Terms: $50 Cash Deposit • 7% BP • Cash/Cashier's checks ONLY. NATIONAL 1-800-659-7004 A V C T I d N Visit our website for details G 6 M P ANY www.natlauction.com AB640 • Lic. RE Brokers & Auctioneers - AU899 ABSOLUTE AUCTION THESCHOOLBOARD OF BROWARD CO. SURPLUS EQUIPMENT Machine Shop, Woodworking, Restaurant & Office Equipment, Plus MORE! 10AM•SAT • APR 20 6501 NW 15th Ave (B-Stock Warehouse) For`, Lauderdale, FL 1-800-659.7004 NATIONAL AUCTION CO. Lic RE BrokersAuctioneers AB640 • AU899 www.natlauction.cam ABSOLUTE AUCTION MIAMI-DADE CO. SCHOOLS SURPLUS EQUIPMENT 10 AM • TUES - MAY 28 50 NW 14th St. Richard's Warehouse Miami, Florida INVENTORY INCLUDES: Restaurant/Cafeteria Equipment • Printing Equipment • Automotive Shop Equipment • Machine Shop Tools • Wood Shop Tools • Commercial Sew- ing Machines • Janitorial Equipment • Lawn Equip- ment • General Items, mL;ch -ore' Terrn s5 $50 Cash pep • 7% BP • Cash/ Cashier's Checks only. National Auction Co. 1-800-659-7004 Visit our website for details www.natlauction.com AB640 • AU899 FE9-15--21334 14: 31 RU UATE TMMJUw"" CERTIFICATE OF LIABILITY INSURANCE 02o6M�1 ACOR1�,. u AW As°rT RO R.V_ Johnson Insurance of Flor 250 Tlegveata Dwive quite 303 ,requests YL 33469 Phone:561-745-BO94 pax:561-745-8971 INSURED Nat•onal Auction sales Co 11C Co. Hoyntor.94rLs33426#202 ONLY AND GOI�tFERS NO RIGHTS UPON THE CERTIFICA HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOV INSURER'S AFFORDING COVERAGE NAIL # IN9URE3tk ,Southern Owuerf+ 1"UrancHe 1Q19a INBLIREri C. . INSURER O• _ InSl1RCR» _ OING r,OVERAGES BELOW HAVEE FEC rC ` ACM S CEiRTMATE MAY BE ISSUED OR THE POLICIES OF WSURANDR of ANY cDKrIZAwT OR OTHER Dc7GUME yr Yrt7 ANY REQUIREMENT,TMM pESCi?16ED HEREIN 15 SUBJECT 70 ALL T}tiE TERhLS. EXCLUSIONS AND OtlNDITIDMS OF SUCH fMY PERTA'N, THE INSUR+m,NCE A�FORDE'D BY THE POLICIES SHOWN MAY HAVE BEEF! REDUCED BY PAK) CLAM. POLICIES. AGGREGATE LLCT& I LIMITECI— poLIGt NUMBER DATE GAIE M1v,JPpm' f j. OG C 000 LTR NSF TYPE OF IHfU1ARCE` ..� E!•CJ•1 OGL7JRRENCE ()0 ORJE7tA1 uAsILITY f 100 000 11/02J03 I 11/02/04 PRE1OISESLAowumX+ A X I X COMMERCIAL OENERAL LIABIUTY 20593613 I MW pep Uqv one Pm*un1 f 100 AWSNIADE OCCUR I PERWNAL&ADVMWURY t x 000 000 GENERAL AG -,At -GATE $ 2 000,000 1 I PROOLICT9 - CDMPIK}IP AGG s2,000,000 EGATEL.•M-rAPPLIESPER:I I'"—'� JET LOC _...___._ I I I ��R1� 6NOLELKtrT { LE LlA61LITY — AUTO KOOILYINJURY f JIAIY NED AU•T09 (PO( pPKwl) OUL6Atj7vS I B'* y INJURY AL(Po, amc dwf)M LD AUTOSPROPERTY DAUTAUe(Fee Secid6et) AUTO ONLY - EA ACCICEKTi EA A=Ad1UTY AN�AUIO AL Q�N A40 : EACH CC.CURRENCEp) O,EjA UA61LITY I AGIi�iEZAIE ' OCCUR CAMS MACE , { OEJUL"T16LE { RF.TENIYJN S I I I �'T'JRY LIMITS I Eft w9KXER! COMPCN$A710N AND i E.L. EACH ACCOENT f ELIPLOVERV LIA Ury i ANY PR0PRIE70"ARTNERJEXECUTVE I EL DISEASE- EA. EMP_OyE f OFFK.8wKw-heER E.xCLI, M7 i i I EL USEASE • POLICY GMIr { {�+c 40cribe WldM SPEC PROVISIONS "0- OTHER i l 11la2/asp xx/02/041 j20593613 1 ! A Fropexty Section I i ' DEIGCRIPTIONOFOR LklICIONS SILOCATIONs �a to 954 357 8535 Dort to (holder is listed Bid NT�er J10300781 10 day notice of cancellation for as-dditional ineured per 55202. nonpayrl:nt of pre==. Y+cnrl>rlr�n7G 1J ClI C]FR FMOiiA13 Browalyd County 8aard of County Ci5aianerfs Pl:rehAsinq DePa-rtmerxt 111 scuth pandlews Ave Ft Lauderdale FL 33301 25 (2001 CFLIAT &"rLJLD ANY P# THE AW'Wr OFgcp'R:P � -.. GAYS WR'TTER 7ATE TH.REOF, "rH5 !SS"n 1NSdJHER W�;L tTIOF1.VOR TC+ MA1L N4l10E TO 7KE CERTIF'+�.ATL HOLDER NAMED TO THE LFFr_ gL17 FWll1Ri TO OC SO SHAD IMp.75L NO C8LI0ATT0N 04k 0AEILITY OF ANY KIND UP ZvN THE INSURCR• ITS 4UHTS GR s~2.'z is-eni C:.VU E�,CIP,t_ Get tau. l.:P.BiL7r THiS 0 5�VIE1Y� CHAN�I=S iris P0',J(; : pLEAsG Fib i7 CAREFJt!.. - ^y , ADDiTIO L .INSURED EXCLUMN PRODUCTS-COMPLF ED OPSRATIONS iltis andaraac'tgnt rn:, FMes Ir�sut3n�8 ar�vided under ;ha iallativing' . cuN!PAZA.CIAL G N2SAL'..:ABlLT7 COVF_'AAG1= pnF4. Hams of Paraon ar CrgeriMfj= 11►ddMonal Insured;: Broward county Board! C£ county Cor.missicmera Purchasing Dept. 111 South Andrews Ave - Ft. Lauderdale, FL 33301 (If no entry appsgrc above, Mforrrreticn reauirsd -:.t c-omplets h,'a endcrsotnflrt aril! be �Ft^�rr, in ,he oclaratfarc as appllCablo to this andcrsery Jnder Bectian It - WHO IS AN iNSVRED, the.foliowing. is added: iho person or arganbticn shrun in the ab:-va Schedule Is an Addttlana� Insured, b-t cnly wth raSracttc 1labfltty. ricinyoutrrt•'YCUu WC:rrJ7th&t"insured byurfcryou- Under gacdcn 1, CCVEFiAGrS, P. 'Exclusim-16, th6 '0Ilawirg exclusion is sdded: iha Insurance pr vidt3d hargin to the Additior•el Insured does nc7t 4PIy tc 1`, s "prcductswcomplsted ope attars hazard". ' 3. Under 6mctio� its-'IJM7. 8 OF INSURANCE— the I¢ added. The Ilmhs of 1ia6111,y fvr the Ad:I11cMI Insured are,thcse cpeaiEad 1n the written cart ct ar agra see IIt^,its are the insursd and.the owner, Isms or =ntractar, y1ai "t~ e=>asd the mite prpvidnd In thic,pollcy. lncluaivs of and rn irr P-Cdit1cm to the, limits o' Insurance ehcwn In thr Daelgratian6. 4. Under 5ection'N- COf,dld C1A! C-ENSRAL LLaSIi.n CONDMCNS, 4, ct, ar lrs.urdrtas' :he t1lcwing ii added: this lrisuranti a Ib prirmlrY f7r the person or organMaiion shown in the arhsduf -but only whit respect to Ileb1!I:y arising out cf ";cur wcrr for that paracn or crgenizelun ley or im—, 110U. Other Insuranas aysllabie tc ;he pesor' v ing out crf 'shown In the 5ahsduls will spply RE sX:asE inourance and rct =ntribu':a a$ 0,nL-) lnsurares to tha Insurer,Ce provibed 5y this endarsernsr',. -- I-sil."ii` rm a[� .'�k � �"r• *-_ y;� � F° rni85i� l 9 of Tamarac � Purchasing and Contracts Division .._ .................... AGREEMENT THIS AGREEMENT is entered into on 2004 between the City of Tamarac , a municipal corporation with prin al offices located at 7525 NW 8$tn Avenue, Tamarac, Florida 33321 (City) and National Auction Company, Inc., a Florida corporation with principal offices located at 1325 S. Congress Ave., Suite 202, Boynton Beach FL 33426 (Contractor) for the purpose of providing Auctioneering Services to the City of Tamarac. The parties hereby agree to the following terms and conditions. 1. In return for valuable consideration in an amount not to exceed 1.625% of auction proceeds plus reimbursement of out of pocket expenses for advertising and promotion in an amount not to exceed $3,200,00. Contractor shall comply with the terms and conditions within the Broward County Contract #J-1 03 007 B1, attached hereto as Exhibit A. All terms and conditions of the contract documents set forth in Exhibit A are incorporated herein as if set forth in full, except as modified by the proposal specific to the City of Tamarac as set forth in Exhibit B, incorporated as if set forth in full. 2. Upon execution of this Agreement, all references made to Broward Count Contract # J-1 03 007 B1 in Exhibits A and B shall be interpreted as pertaining to the City of Tamarac, and all terms and conditions of Exhibits A and B shall be deemed as having been implemented for use within the City of Tamarac. It is understood that wherever the words "agency name" or "agency board name" appear, they shall be read as "City of Tamarac' and "City of Tamarac Commissioners." 3. This agreement and Exhibits A and B constitute the entire agreement between the City and the Contractor, National Auction Company. 4. Whenever either party desires or is required under this Agreement to give notice to any other party, it must be given by written notice, sent by registered United States mail, with return receipt requested, addressed to the party for whom it is intended at the following addresses. CITY City Manager City of Tamarac 7525 NW 88t" Avenue Tamarac, FL 33321 With a copy to the City Attorney at the same address. CONTRACTOR George Richards National Auction Company, Inc. 1325 S. Congress Avenue, Suite 202 Boynton Beach FL 33426 PH: 800-659-7004 IN WITNESS WHEREOF, the parties have made and executed this Agreement on the respective dates under each signature. CITY OF TAMARAC, signing by and through its Mayor and City Manager, and National Auction Company, Inc., signing by and through its President, duly authorized to execute same. CITY OF TAMARAC Job Schreiber, Mayor Date ATTEST: Jeffre it �rCity Manager V v,' Marion Swenson, CIVIC Date City Clerk ! Approved`"as to farm and le sufficiency: Date - Mitchell S Kraft , . i`ty Attor ey Date ATTEST: NatkonahAuction Company, Inc. Cor;npaatne (Corporate Secretary) Signat a of President George Richards Type/Print Name of Corporate Secy. Type/Print Name of President April 1.9,2004 (CORPORATE SEAL) Date CORPORATE ACKNOWLEDGEMENT STATE OF FLORIDA SS COUNTY OFBROWARD: I HEREBY CERTIFY that on this day, before me, an Officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared George Richards, President, of National Auction Company, a Florida Corporation, to me known to be the person(s) described in and who executed the foregoing instrument and acknowledged before me that he/she executed the same. WITNESS my hand and official seal this day of 'vj ; ' 2004. Signature of Notary Public State of Florida at Large � _ I Print, Type or Stamp Name of Notary Public �❑ Personally known to me or ❑ Produced Identification Type of I.D. Produced DID take an oath, or ❑ DID NOT take an oath. INDEMNIFICATION AND HOLD HARMLESS AGREEMENT BETWEEN THE CITY OF TAMARAC and National Auction Company, Inc. This Agreement entered into on the 20th day of April, 2004 is made by and between the City of Tamarac, a municipal corporation (hereinafter "CITY"), with offices located at 7525 NW 88th Avenue, Tamarac, FL 33321, and National Auction Company, Inc., (hereinafter "VENDOR"). WITNESSETH: WHEREAS, CITY and VENDOR desire to enter into an agreement to provide Auction Services; and WHEREAS, the City Commission of the City of Tamarac has determined that the execution of this Indemnification and Hold Harmless Agreement is in the public interest. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and the additional consideration of Ten Dollars ($10.00) received from CITY, the receipt and sufficiency of which is acknowledged by VENDOR, the parties agree as follows: SECTION 1: That VENDOR shall indemnify, hold the CITY, its officers, employees and agents harmless and defend the CITY, its officers, employees and agents from any and all claims, causes of action, damages, liability, and expenses including attorney's fees in connection with loss of life, bodily or personal injury, or property damage, including loss of use thereof, directly or indirectly causes by, resulting from arising out of or occurring in connection with the Auction in the City of Tamarac. SECTION 2: The above provisions shall survive the termination of this Agreement and shall pertain to any occurrence during the term of this Agreement, event though the claim may be made after the termination hereof. SECTION 3: This Hold Harmless Agreement is in addition to any other Agreement entered into by the parties and supplements other Hold Harmless Agreements entered into by the parties. SECTION 4: VENDOR shall provide the Risk Manager of the City of Tamarac all necessary certificates of insurance in such form and amounts as required by the Risk Manager. SECTION 5: VENDOR shall keep such policies of insurance in full force and effect during the term of this Agreement and shall provide to the Risk Manager of the City of Tamarac proof of payment of the required documents. SECTION 6: VENDOR shall provide the CITY with the requisite document evidencing that the signatory for VENDOR has the authority to enter into this Agreement. SECTION 7: Venue shall be in Broward County, Florida. IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the respective dates under each signature: CITY OF TAMARAC, signing by and through its Authorized Representative, and National Auction Company, Inc. signing by and through its President or Principal, and duly authorized to execute same. ATTEST a Corporate Secretary (Corporate Seal) STATE OF FLORIDA :SS COUNTY OF -*�ftp . CITY OF TAMARAC Keith Glatz, CPPO Purchasing & Contracts Manager Date Business or Company Name By. Authorized . Printed Name ACKNOWLEDGMENT gntiture Before me personally appeared, L' 4ltto known to me to be the person described herein and who executed the foregoing instrument, and acknowledged to and before me that he/she executed said instrument for the purposes therein expressed. WITNESS my hand and official seal, this — 1 day of ,� Z NO R P rLIC,tate of Florida At Large My Commission Expires: &1X*A1 U1PRY Pp� ALMFrrCOHEN MY COMMISSION # DD NIV Print or Type Name Of Notary a c * ` EXPIRES: Match 14, 2008 ��rE or F�o��� 9ondad TMu Budget Notary Services 2