25. (Recommended by Assistant General Manager – Customer Service Division) (Approved by Interim General Manager and Chief Engineer) Approval of Agreement No. 47563 for Collection Agency Management Services. Award to Navient Portfolio Management, LLC, for a term of one year with two optional oneyear renewal periods and an amount not to exceed $4,500,000. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(2).