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21. Insight Consulting Svcs. City Hall 10300 Torre Avenue Cupertino, CA 95014-3255 Telephone; (408) 777-3220 Fax: (408) 777-3366 CITY OF CUPEIUINO DEPARTMENT OF ADMINISTRATIVE SERVICES SUMMARY Agenda Item No: 1\ Meeting Date: December 6, 2006 SUBJECT AND ISSUE Approve Agreement for Consultation Services with Insight Consulting Services, LLC BACKGROUND Insight Direct USA, Inc., Insight Public Sector, Inc., Software Spectrum, Inc., and their affiliates (Insight) are currently making decisions regarding a California sales and marketing office location. The location of these corporate functions could have a significant economic impact on the City of Cupertino. Under California law, if the point of sale for taxable business-to-busincss transactions is within the boundaries of a community, then the one percent local sales tax revenue accrues to that community's benefit. Insight has been considering various location options with regard to a sales tax location in California over the past year. Many of these corporate decisions involve a cost-benefit analysis as to the best economic return to the company, Insight has approached Cupertino based on our proximity to its key clients, their sales and marketing staff living locations, and our City's demographics. Discussions with Insight included the potential for significant business-to- business sales being credited to Cupcrtino. We believe that through this agreement there is a strong new incentive for the company to locate their California sales office here. Without this incentive, it is unlikely that Insight would undertake such efforts. A letter is attached to this rcport, which sets forth the intentions of the company. The attached consultation agreement provides payment to Insight Consulting Services, LLC based on new sales tax generating activities from Insight in Cupertino. It providcs a sliding scale payment based on thc level of new sales tax revenue realized by the City (Attachment A). No payment is required until a minimum of $250,000 of new sales tax revenue is realized by the City. The initial payment is at the rate of 25%. This percentage increases as the total sales tax revenues increase (40% for sales tax between $250,000 and $1,000,000; and 50% for sales tax above $1,000,000). The term of the agreement is for five years. The City's payments occur only after the new sales tax revenue is received. Therefore, the benefits to the City would accrue before any rcimbursement to Insight Consulting. Printed on Recycled Paper )J-\ Although significant revenues could accrue to the City under this contract, staff suggests that such revenues be considered "one-time or limited" sources given the contract term and size of the office "presence". As sueh, we suggest that all revenues realized as a result of this agreement be eannarked for the CIP reserve which could then be utilized for park acquisition/development and othcr purposes, rather than ongoing general fund operational expenditures. RECOMMENDA TION Approve agreement for consultation services with Insight Consulting Services, LLC. Submitted by: Approved for submission: (]~~;; 0'" afufO?J~() Carol A. Atwood Director of Administrative Services DX. David W. Knapp City Manager j..\ r 1- ~ - 1 U Attachment A Proposal- New Sales Tax Split Sales Tax <$1.000,000 Sales Tax >/=$1.000,000 Consultant City Consultant City Sales Tax Received 0/0 Share Share % Share Share $0-$249,999 0% 0 249,999 0% 0 249,999 $250,000 - Retro to $1 25% 62,500 (62,499) 25% 62,500 (62,499) $250,001 - $500,000 25% 62,500 187,500 25% 62,500 187,500 125,000 375,000 125,000 375,000 $500,000 - $1,000,000 40% 200,000 300,000 40% 200,000 300,000 325,000 675,000 325,000 675,000 $1,000,001 - Retro to S250K 40% 37,500 (37,500) 362,500 637,500 $1,000,001 - $1,250,000 50% 125,000 125,000 $1,250,001 - $1,500,000 50% 125,000 125,000 $1,500,001 - $1,750,000 50% 125,000 125,000 $1,750,001 - $2,000,000 50% 125,000 125,000 862,500 1,137,500 AGREEMENT FOR CONSULTATION SERVICES WHEREAS, Insight Consulting Services, Inc., an Arizona LLC (hereinafter "Consultant") has submitted a proposal to the City of Cupertino (hereinafter "City") to provide City with consulting services consisting of the assessment and creation of new sales and use tax revenue sources for City to be derived from Insight Direct USA, Inc., Insight Public Sector, Inc., Software Spectrum, Inc., and other affiliated companies doing business in the state of California not yet identified in this agreement (all companies hereinafter collectively referred to as "Insight"); and WHEREAS, it is intended by Consultant and City that said services will be automatically self-funding because Consultant is willing to receive its compensation for said services on a contingency basis solely and entirely dClived from new local sales or use tax revenue generated by Insight for the benefit of City which City would not otherwise realize; and WHEREAS, Consultant and City wish to cnter into this Agreement for the purposes described above: NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 1. Services to be Performed bv Consultant Consultant shall perform the following services (collectively, the "Services") under this Agreement: (a) Assess and detail the current local sales and use tax revenue received by the City from the State Board of Equalization related to Insight sales. (b) Recommend new methodologies to increase the local sales or use tax for City to be developed and implcmented through corporate expansion efforts at Insight. (c) Provide to City a detailcd analysis and description of any ncw local salcs and use tax revenue received by City from Insight. 2. Compensation to be Received bv Consultant As consideration for Consultant's perfoTInance of thc Services, as described in Paragraph l, above, Consultant shall reccive the following compensation for each City fiscal year during the term covered by this Agreement, as follows: (a) If, for any fiscal year during the tenn covered by this Agrecment, new local sales and use tax revenue equals any amount less than Two Hundred Fifty Thousand Dollars ($250,000), then in such event Consultant will receive no compensation with respect to such fiscal year. Page 1 21-~ (b) If, for any fiscal year during the term covered by this Agreement, new local sales and use tax revenue equals Two Hundred Fifty Thousand Dollars ($250,000), then Consultant will receive the sum of Sixty-Two Thousand Five Hundred Dollars ($62,500) as compensation with respect to such fiscal year. (c) If, for any fiscal year during the term covered by this Agreement, new local sales and use tax revenue exceeds Two Hundred Fifty Thousand Dollars ($250,000) but is less than Five Hundred Thousand Dollars ($500,000), then Consultant will receive the sum of Sixty-Two Thousand Five Hundred Dollars ($62,500) plus an amount equal to twenty-five percent (25%) of all such additional new local sales and use tax revenue between Two Hundred Fifty Thousand Dollars ($250,000) and Five Hundred Thousand Dollars ($500,000) as compensation with respect to such fiscal year, (d) If, for any fiscal year during the term covered by this Agreement, new local sales and use tax revenue exceeds Five Hundred Thousand Dollars ($500,000) but is less than One Million Dollars ($1,000,000), then Consultant will receive the sum of One Hundred Twenty-Five Thousand Dollars ($125,000) plus an amount equal to forty percent (40%) of all such additional new local sales and use tax revenue between Five Hundred Thousand Dollars ($500,000) but is less than One Million Dollars ($l ,000,000) as compensation with respect to such fiscal year. (e) If, for any fiscal year during the term covered by this Agreement, new local sales and use tax revenue exceeds One Million Dollars ($1,000,000), then Consultant will receive the sum of Three Hundred Sixty-Two Thousand Five Hundred Dollars ($362,500) plus an amount equal to fifty percent (50%) of all such additional new local sales and use tax revenue in excess of One Million Dollars ($1,000,000) as compensation with respect to such fiscal year. 3. Sole Compensation Both City and Consultant expressly acknowledge and agree that Consultant will receive no compensation for any Services rendered under this Agreement other than the compensation described in Paragraph 2, nor shall Consultant be entitled to any reimbursement from the City for any costs or expenses incurred by Consultant in performing or preparing to perform any Services under and pursuant to this Agreement. 4. Payment Schedule Not later than thirty (30) days after the date on which City receives from the Board of Equalization of the State of California, a total of $250,000 or more of new local sales tax revenue which accrued from sales and use taxes paid by Insight during a fiscal year covered by this Agreement, City shall pay the Consultant the compensation described in Paragraph 2 of this Agreement. Within thirty (30) days, after the City receives from the State of California new local sales tax revenue paid by Insight within the same fiscal year as the initial payment, City. shall pay to the Consultant additional compensation as described in Paragraph 2 of this Agreement. Page 2 1\ .-) 5. Definitions As used in this Agreement, the following tenns shall have the following meanings: "Local sales and use tax revenue" means that portion of the total California sales and use tax paid by Insight which is actually received by City. "New local sales and use tax revenue" means total California sales and use tax paid by Insight which is actually received by City from the State Board of Equalization of California, as calculated for each fiscal quarter. 6. Tenn This Agreement shall commence on July I, 2006 and shall apply to the City's 2006-07, 2007-08, 2008-09, 2009-10 and 2010-11 fiscal years. This Agreement shall expire on June 30, 2011, and will have no further force or effect; provided, however, that Consultant shall be entitled to receive any compensation due to it under this Agreement for the City fiscal year expiring on June 30, 2011, which compensation shall be paid as provided in Paragraph 4, below. 7. Fiscal Year For purposes of this Agreement, City and Consultant agree City's fiscal year begins on July I of each calendar year and ends on June 30 of the succeeding calendar year. 8. Indemnification; City's Warranty and Representation Consultant agrees to indemnify, defend (if so requested by City, and with counsel of Consultant's choice but reasonably acceptable to City), and hold City, its officers and employees, harmless from any claim, action, or lawsuit brought or maintained by any third party against City as a result of any activity of either party in performing any acts under this Agreement, except to the extent that any such claim, action or lawsuit arises out of or in connection with any negligence or willful misconduct on the part of any of the said indemnified persons. Consultant will also defend (if so requested by City, and with counsel of Consultant's choice but reasonably acceptable to City) City, its officers and employees from any legal action challenging the validity of this Agreement. If any court of competent jurisdiction orders the return to City of funds paid to Consultant as compensation for Consultant's performance of the Services under this Agreement, Consultant shall hold, City, its officers, and employees hannless from any such claims Consultant may have for reimbursement or contribution with respect to any such sums. Page 3 2\ ~ (p 9. Integration Clause; Modification of Agreement The provisions of this Agreement contain the entire understanding of City and Consultant related to the subject matter of this Agreement. No oral agreements, understandings or promises made by the parties or their agents which are not contained in this Agreement are binding. This Agreement may only be modified by written agreement executed by both parties. IN WITNESS WHEREOF, Consultant and City have executed this Agreement by their duly authorized representatives, on the dates set forth below, to be effective as provided, above. Date: David Knapp, City Manager City of Cupertino Date: Charles Kilian, City Attomey City of Cupertino Date: Kimberly Smith, City Clerk City of Cupertino Insight Consulting Services, LLC, an Arizona LLC Date: Lynn Willden Vice President, Tax Page 4 2t-l Insight. ~ November 13, 2006 David W, Knapp City Manager City of Cupertino 10300 Torre Avenue Cupertino, CA 95014 RE: Insight Enterprises, Inc. Dear Mr. Knapp, Insight Enterprises is delighted to be working with the City of Cupertino in relation to our business expansion. This letter is to assure the City that Insight is fully committed to the City of Cupertino. When the Insight "Agreement for Consultation Services" is approved and signed by the City of Cupertino, Insight has absolutely no plans to consider alternative locations for its California region office. At this time we have leased executive office suites from American Executive Center at 19925 Stevens Creek Boulevard in Cupertino. As we add staffwe plan to relocate to a larger location within Cupertino. In conclusion, Insight is fully committed to the City of Cupertino and we look forward to a long and mutually beneficial association. Sincerely, Insight Enterprises. Inc. 1305 W. Auto Drive Tempe. Arizona 85284 480.902.1001 insight.com 800. INSIGHT 1\-3