City of Wadsworth Public Service Committee Agenda Packet May 2026
Royal Auction Group to handle city surplus auctions
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Description
The City of Wadsworth entered into a consignment agreement with Royal Auction Group Inc. to conduct government surplus auctions at no direct cost to the city. Royal Auction Group will manage marketing, online listings, title processing, and buyer payments while collecting a buyer’s premium of 10–12%.
Contract Details
Contract Amount
No fees to government agency; buyer’s premium 10% on-site, 12% online
Vendor
ROYAL AUCTION GROUP INC
Agency
Town of Wadsworth, OH
Contract Type
OTHER
Document Date
May 12, 2026
Contract Term
Effective upon signing; active until canceled with 90-day written notice
Renewal Info
Agreement remains in effect until the city provides 90 days’ written notice of cancellation; renewals may be executed via a new contract and addendum for any changes.
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