A 5-Year Contract for $1,870,000 annually
TOTAL AWARD: $9,350,000
It's the gift that keeps on giving and pays off political loyalties for Harvard and Lincoln
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Five-Year Term Contract for Photo Safety Enforcement Program Services for the Police Department (Sole Source) (Citywide)
Since 2006, American Traffic Solutions, Inc. has provided services and support for the City's photo safety program. A significant amount of infrastructure has been put in place to monitor red light violations, traffic speed or other traffic movement, and issue citations for traffic violations.
The Axsis equipment and software currently in place are proprietary and can only be serviced by Verra Mobility. The Police Department and Purchasing recommend awarding the contract to the sole source vendor, American Traffic Solutions, Inc., dba Verra Mobility (a Mesa business), at $1,870,000 annually, based on estimated usage.
_________________________________________________________________________Happy in a recent multi-million bucks holiday windfall to one tenant at Waypoint - American Traffic Solutions are the two brothers Krumwiede
one the developer and one the property company - Waypoint was located and built with an eye toward serving the modern corporate tenant. We are thrilled to welcome Cognizant, and to see our efforts put to use by an exceptional Fortune 195 company," said Harvard Investments President and CEO Craig Krumwiede, who serves as the project developer along with Lincoln Property Company."With the addition of Cognizant, our 430,000-square-foot Waypoint campus is now 95 percent leased," said Lincoln Property Company Executive Vice President David Krumwiede. "It creates a very dynamic place for Cognizant, and all of our tenants, to grow and thrive. . . "
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30 November 2018
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| Mesa City Council |
A somewhat nervous-appearing get-together of the 7 elected members and other officials inside City Hall that lasted almost two entire hours. All six district representatives are occupying their seats at the table - the Mesa Channel 11 cameras are on. That's the cue for Mayor John Giles to start the study session . . .
. . . and why, readers of this blog might ask, are these meetings - where few members of the public ever show up or involved - mostly dull?
This is the first meeting after the results of the November General Election were made official. The calendar year ends at the end of December.
Things are getting "wrapped-up". . . Contracts awarded
. . . and why, readers of this blog might ask, are these meetings - where few members of the public ever show up or involved - mostly dull?
This is the first meeting after the results of the November General Election were made official. The calendar year ends at the end of December.
Things are getting "wrapped-up". . . Contracts awarded
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19 April 2017
Tuesday, April 18, 2017
Platinum Equity Buys American Traffic Solutions
Los Angeles-based private equity investor Platinum Equity has acquired American Traffic Solutions, a provider of road safety, red light, and traffic violation cameras, according to the two companies.
Financial details of the acquisition were not announced. ATS, which is based in Arizona, says it has more than 3,500 school bus stop arm, red-light and speed safety cameras installed.
Source: socaltech.com
Back on December 22, 2016 this news was published
SEC Charges Platinum Partners and Founder With Defrauding Investors
The SEC charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems.
The SEC’s complaint alleges that Mark Nordlicht and the Platinum funds overstated the value of an oil company that was among their largest assets, and they concealed a growing liquidity crisis by transferring money between the funds, making preferential redemptions to favored investors, and using misrepresentations to attract new investors to the struggling funds during what internal documents described as “Hail Mary time.”
The SEC’s complaint further alleges that Nordlicht schemed with two colleagues and an executive at the Platinum funds’ other major oil investment to divert almost $100 million from that company to help boost the Platinum funds.
The SEC’s complaint charges several other individuals in addition to Nordlicht for their roles in the alleged schemes
SEC Charges Platinum Partners and Founder With Defrauding Investors
The SEC charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems.
The SEC’s complaint alleges that Mark Nordlicht and the Platinum funds overstated the value of an oil company that was among their largest assets, and they concealed a growing liquidity crisis by transferring money between the funds, making preferential redemptions to favored investors, and using misrepresentations to attract new investors to the struggling funds during what internal documents described as “Hail Mary time.”
The SEC’s complaint further alleges that Nordlicht schemed with two colleagues and an executive at the Platinum funds’ other major oil investment to divert almost $100 million from that company to help boost the Platinum funds.
The SEC’s complaint charges several other individuals in addition to Nordlicht for their roles in the alleged schemes
