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HomeMy Public PortalAboutAdams Presentation_May 15 2023Letter of assurance - Sansom Equipment Presentation Agenda Team Introduction and introduction to questions and responses I Crystal. Boyles, Ownerl Nathan Boyles, Chief Trash Officer Question 1: Equipment acquisition plan I Liz Cowart, Chief Financial Officer Question 2: Service verification plan 1 Dave Hubbard, Residential Services Manager I Christopher Saul, Chief Impact Officer Question 3: Natural disaster response I Nathan Boyles, Chief Trash Officer I Nat Mize, Customer Service Manager cgService model discussion I Nathan Boyles I Chief Trash Officer Questions for panel I Nathan Boyles I Chief Trash Officer Questions for Adams Sanitation I Selection Committee Members BID BOIVI;t: ZAX50004 Attachment 8 BID BOND KNOW ALL PERSONS BY THESE PRESENTS, that we, Adams Sanitation Ong Company, Lic {hereinafter called "Principal"), and Axis Insurance C©mparn as Surety (hereinafter called "Surety'), are held and firmly bound unto the City of Crestview, Florida (hereinafter called "Cwner"), in the sum of Ju,000OO in lawful money of the United States of America, for payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents: WHEREAS, the Principal contemplates submitting or has submitted a bid or proposal (the "Bid") to Owner for: RFP 23-04-28-PS SOLID WASTE COLLECTION AND DISPOSAL SERVICES WHEREAS, it was a condition precedent to the submission of said Bid that a certified check cr Bid Bond in the amount of be submitted with said Bid as a guaranty that the Principal would, if awarded the contract, enter into a written contract with Owner and furnish a Performance Bond in an amount equal to $3,000,00L. for the performance of said contract, after written notice being awarded said contract by Owner. NOW, THEREFORE. THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that if the Bid of the Principal herein be accepted and said Principal, within ten consecutive calendar days after written notice being given of such acceptance, enters into a written contract with Owner, and furnishes a Performance Bond satisfactory to Owner, then this obligation shall be void; otherwise, the sum herein stated shall be due and payable to Owner, and the Surety herein agrees to pay said sum immediately upon demand of said Owner, in good and lawful money of the United States of America, as liquidated damages for failure thereof of said Principal [Remainder of this page left intentionally blank, signatures are on the following page] RFP #23-04-28-PS SOLID WASTE COLLECTION AND DISPOSAL SERVICES Page 55 of 60 !N WITNESS WHEREOF, the said Principal and the said Surety have duly executed this bond the 27th day of Apill 2023. PRINCIPAL Company: (Corporate Seal) Signature Nathan Boyles Printed Name Title April 27, 2023 Date Witnesses: Signature (.&A. Printed Name Signature ,_\ e_ nt A- Cf • `— Printed Name FLORIDA RESIDENT AGENT FOR SURETY Patricia Lane Schmaltz Printed Name 1300 N. Westshore Blvd., #110 Tampa, FL 33607 Address 813.282.1965 Phone RFP 423-04-28-PS SOLID WASTE COLLECTION AND DISPOSAL SERVICES SURETY Company: (Corporate Seal) Laurie M Crowley Printed Name Attorney -In -Fact Title April 27,. 2023 Date Signature Scott Reis Printed Name Signature Kattialeen Stuve Printed Name NOTE: Power of attorney and certification of authority for issuance and current status thereof for Attorney - in -Fact and for Surety Company must be attached. Proof that Surety is licensed to transact business in the State of Florida must be submitted with this Bond. Page 56 of 60 More about AXIS Financial strength of AXIS Capital Holdings Limited $6.0B* $27.6B TOTAL CAPITAL TOTAL ASSETS _SD) A A RATING' RATING' S&P A.M. BE Find out more about our financials and ratings *Total capital represents the sum of total shareholders' equity and debt of II_ .prance and reinsurance ••tiaries of AXIS Capital Holdings . Axis Capital, a specialty insurance and reinsurance company based on the island of Bermuda. They have 17 offices located in the United States, Canada, Bermuda, Singapore, Belgium, Ireland, the United Kingdom and Switzerland. Axis is a company traded publicly on the NASDAQ stock exchange and has provided many types of insurance since its founding in 2001. The company has more than 2,000 employees around the world. 4ICRIRIGGS & INGRAM INDEPENDENT ACCOUNTANTS REVIEW REPORT To the Member Adams Sanitation Holding Company, LLC Fort Walton Beach, Florida Carr, Riggs & Ingram, LLC 4502 Highway 20 East Suite A Niceville, FL32578 (850) 897-4333 (850) 897-4068 (fax) www.cricpa.com We have reviewed the accompanying financial statements of Adams Sanitation Holding Company, LLC (a limited liability company), which comprise the balance sheet as of December 31, 2022, and the related statements of operations and changes in member s deficit and cash flows for the year then ended, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management s financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or e rror. Accountants Responsibility Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion. We are required to be independent of Adams Sanitation Holding Company, LLC and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our review. Accountants Conclusion Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. Niceville, Florida April 25, 2023 SA SOM Equipment Company 2025 West I-65 Service Road North, Mcbile, AL 36618 MAY 10, 2023 RE: Equipment Procurement Nathan, Per your request, please let this letter serve as confirmation of our willingness and ability to assist you in procuring the equipment necessary in support of your proposal to the City of Crestview. With Sansom Equipment being the largest refuse dealer in the Southeast, we have the capability and the inventory to handle your needs for this contract. Our positioning in the market coupled with the sizable amount of equipment that Adams Sanitation has purchased in the last several years gives us the reach we need to secure the equipment necessary to start operations in Crestview on October 1st. As you are aware, we have already been working with you to identify the equipment that will be needed if you are to be successful and while the timing is compressed, we are confident that we can work with you and our resources to assemble a first-class fleet of equipment to properly service the Crestview contract requirements. Having sold you over 20 new garbage trucks in the last five years, we are proud of our deep relationship and look forward to being a part of your continued growth. If there is any additional information or support that you require, please don't P-Nesitate to ask. Regards, Josh Stringer Vice President Sansom Equipment Company PHONE 251-631-3766 FAX CELL EMAIL WEB 251-531-3768 205-401-4040 joshstringer@secequip.com www.secequip.com Service Model Discussion Theresa !vie I Adams Sanitation Customer in response to great service from Adams r), Sanitation helper, RL Hood. WM quarterly profit update to investors 4/27/23 "So on the call center side, we did not refill about 580 positions last there are another 300 that we will choose not to refill this year... But some of those other 1.11 ' positions that we've talked about... which is replacing rear loaders with ASOs. There's some work that's involved with our public sector team. They have to talk to our customers and make sure that they're comfortable with going.to trash just being in one of those toters as opposed to everything sitting on the curb. n year and But as we do that, we think there's another probably up to 2,000 positions that are helper positions that we just will choose not to refill I' r, Orliki-***Mr. AIL Jim Fish IWM CEO In response to a Goldman Sachs Analyst's r,'l question on growing profits *-1111111 Adams Sanitation customer review on April 16, 2023 "I want to personally thank both the driver and the nice man dumping the cans for yesterday's pickup on Bay Street. I'm 75 and can usually take care of most things. I have been unable to pickup a large root ball that got frozen this winter. I asked the guy dumping if he would mind putting [it] on the truck. He did not hesitate a second, the driver stepped out to see if anything was wrong and was extremely kind. Thanks Adams for hiring such hard workers!" .04 10I. ltI yZh • .r - -. s ... . •ss -' �� + 1 BULK WASTE ,...!..-..:i'K - _ . 1 41...�� ' .,"t 7�;, ;,;�; jam./-.. - + `.' 8,, ,.,.. - it ALL PHOTOS TAKEN CITY OF CRESTVIEW - AFTER COLLECTION ON TRASH DAY