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February 14, 2012

New Agent Selected for Ste. Genevieve License Office

JEFFERSON CITY - The Ste. Genevieve License Office will soon have a new management team.

Bollinger County Abstract & Title Co. of Marble Hill, MO, will be the new agent for the license office.  The company was chosen as part of a competitive bidding process that is used for all of Missouri's 182 local license offices.

The company has previous experience running a license office, as it has been the agent of the Marble Hill License Office since April of 2011.  The company's winning bid for the Ste. Genevieve License Office was one of two submitted.  The office will stay at its current location at 207 Plaza Dr., Suite B.

According to figures from Fiscal Year 2011, there were 26,064 transactions conducted at the office, and it generated $88,111 in agent processing fees.

Bidders have the option of returning part of the office revenues to the state.  The company's winning bid includes a return to state that will increase to 2 percent ($1,762) by the end of the contract period. 

All local license offices provide services that are overseen by the Department of Revenue, but each office is operated by an independent agent. 


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