The Town of Queen Creek, Arizona, has entered into a cooperative purchase agreement with Fifth Asset, Inc., d/b/a DebtBook, for debt and lease management software and consulting services. The contract has a term of four years, with the option to renew, and includes an initial implementation fee and annual subscription fees. The services provided under the contract include debt and lease management software, onboarding and implementation services, and support services. The contract also includes provisions for confidentiality, intellectual property, and termination. The Town of Queen Creek, Arizona, and DebtBook have agreed to work together to provide these services, with the goal of improving the town's debt and lease management capabilities.
• The contract includes an initial implementation fee of $2,000, which is discounted to $0 for the first year.
• The annual subscription fee is $9,750, which includes unlimited users and external sharing.
• The contract has a term of four years, with the option to renew for additional terms.
• The services provided under the contract include debt and lease management software, onboarding and implementation services, and support services.
• The contract includes provisions for confidentiality, intellectual property, and termination.