Financial Services, Property Title (968.66)

This contract is for financial services, specifically property title services, between the City of St. Petersburg, Florida, and American Government Services Corporation. The contract is for a term of three years with a two-year renewal period. The contractor will provide title documents and services, including real property title insurance reports, commitments, policies, and closing documents. The City will provide a single point of contact to administer the agreement, and the contractor will provide an account manager to oversee implementation, servicing, reporting, and issue resolution. The contract includes provisions for payment, indemnification, insurance, and termination. • The contract has a budget of $127,500. • The contractor must maintain the minimum qualifications listed in the contract for the term of the agreement. • The contractor must provide closing services at a location designated by the City. • The contractor must have the ability to provide invoicing to individual departments. • The contractor must provide a dedicated account manager who is readily available to administer the agreement on a day-to-day basis. • The contractor must notify the City within five business days of any changes in the account manager or other contractor contact information.