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CSCRC •P(1ge 3 <br />Description <br />Compensation <br />Tier 1 <br />- <br />Up to 4 carts per day (1-4 carts) from a single retail <br />$3.00 per cart <br />location <br />Tier 2 <br />5 or more carts per day from a single retail location <br />$14.00 per delivery (up to 13 <br />carts per load <br />As a means of incentivizing retrieval, the Agreement includes incentives and liquidated damages <br />based on annual performance. Fiscal Year 2008-09 retrieval quantity will be used as the baseline <br />and CSCRC will receive a $12,000 incentive payment if their retrieval exceeds the baseline by a <br />minimum of 10% at fiscal year end. <br />Conversely, CSCRC could be assessed liquidated damages in two ways. One, if the firm fails to <br />collect 95% of the reported abandoned carts within the agreed upon 8 hour time frame. Secondly, if <br />the firm fails to return 95% of the collected carts to participating stores within 24 hours of the initial <br />report of abandonment. <br />FISCAL IMPACT <br />There is no impact to the General Fund. The cost for the two year agreement is $380,000, or <br />$190,000 annually. Funding for the Shopping Cart Retrieval Program is included in the FY 2009-10 <br />Public Works Department budget (Account No. 9791900-440301) in the amount of $190,000. <br />Expenses are fully borne by retailers receiving the cart retrieval service. <br />Prepared by: Siobhan Foster, Public Works Director <br />Certified as to availability <br />of funds: Paul C. Sundeen, Assistant City Manager/CFO/Treasurer <br />Approved by: Belinda J. Graham, Assistant City Manager <br />for Bradley J. Hudson, City Manager <br />Approved as to form: Gregory P. Priamos, City Attorney <br />Attachment: Agreement <br />55-3 <br />