HomeMy WebLinkAboutCORRESPONDENCE - GENERAL CORRESPONDENCE -October 3, 2019
Professional Finance Company, Inc.
Attn: Charlie Shoop, Esq.
5754 West 11th Street, Suite 100
Greeley, CO 80634
Re: Refund of payments
Dear Charlie:
In March, April and May of this year Professional Finance Company (PFC) sent the City remittance of
funds collected by PFC and invoices requesting payment for the services provided. PFC asked for a full
repayment of those remittance ACH deposits and invoices in the form of a June 2019 invoice.
This is to notify you that $866.06 is being refunded to PFC based on amounts paid in error to the City of
Fort Collins under PFC invoice numbers 71683, 72711, and 73777. The City determined the refund
amount by comparing the accounts listed on the invoices with the accounts listed in the City-PFC
settlement reached in February/March 2019.
The refund represents the invoice payment portions attributed to debtor accounts PFC retained under
the settlement. The invoice payment portions attributable to accounts not listed as retained by PFC or
specifically listed as being returned to the City, are being retained as properly received by the City.
The $866.06 is being paid via ACH as the final settlement regarding the payment received in error with
these invoices. It is our understanding the City will receive no further invoices from PFC, except for
accounts where PFC will collect and remit payments to the City without offset for service fee or
commission, as described in the settlement.
If the refund is acceptable to your firm, please sign this letter and return via DocuSign. Please contact
Pat Johnson at (970) 221-6816 if you have any questions regarding this matter.
Sincerely,
Gerry Paul
Purchasing Director
cc: Tracy Brann
GP:kk
__________________________________________ ________________
Signature Date
Financial Services
Purchasing Division
215 N. Mason St. 2nd Floor
PO Box 580
Fort Collins, CO 80522
970.221.6775
970.221.6707- fax
fcgov.com/purchasing
DocuSign Envelope ID: 0B0BB61D-51B8-4987-96FB-CA613E36A08B
10/7/2019