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HomeMy WebLinkAboutC-5376 - Agreement for Sale of Surplus PropertyAGREEMENT FOR SALE OF SURPLUS PROPERTY (� This AGREEMENT FOR ALE OF SURPLUS PROPERTY ( "Agreement') is M made this day 1 2013 ( "Date of Sale ") by and between the City of Newport Beach, a California municipal corporation and Charter City ( "City"), and Roberts Waste and Recycling, a California corporation ("Buyer"). For good consideration it is agreed between the parties that: 1. City agrees to sell, and Buyer agrees to buy the following described surplus property: Two (2) Ford F -350 Trucks with Packer Body ( "Vehicles ") described as: Unit # Year /Make VIN 3624 Ford F -350 with Packer Body 1 FDWF37Y25EB65446 3625 Ford F -350 with Packer Body 1 FDWF37Y76EC75121 2. Buyer agrees to pay to City the total purchase price of Twenty Thousand Dollars and no /100 ($20,000.00); payable by January 3, 2013: 2.1 Unit # Year /Make VIN Purchase Price 3624 Ford F -350 with Packer Body 1 FDWF37Y25EB65446 $7,000.00 3625 Ford F -350 with Packer Body 1 FDWF37Y76EC75121 $13,000.00 2.2 Payable To: City of Newport Beach Attn: Anthony Nguyen, Purchasing Agent PO Box 1768 .. ...: 3. City warrants it has full legal title to said Vehicles. 4. Said Vehicles are sold in "as is" condition, City disclaiming any warranty of merchantability or working order or condition of the Vehicles except that they shall be sold in their present condition. 5. Buyer shall pay all taxes, costs, and fees imposed by any governmental entity upon the Vehicles as well as all operating costs and expenses associated with the Vehicles. 6. The parties agree that the City will be released of all liability resulting from the operation of the Vehicles effective upon the Date of Sale (Vehicle Code § 5602). The city shall cause the Notice of Release of Liability to be properly filed with the California Department of Motor Vehicles upon the Date of Sale. 7. The parties agree to transfer title upon receipt of the payment, at the address of the City Corporate Yard located at: City of Newport Beach Corporate Yard 592 Superior Ave. Newport Beach, CA 92662 8. This Agreement shall be binding and inure to the benefit of the parties, their successors, assigns and personal representatives. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the dates written below. AT Da - By: City Clerk APPROVED AS TO FORM: CITY ATT?Z�4 ',S OFFICE Date: Aarorf G arp City Attorney CITY OF NEWPORT BEACH, A California municipal corporation and charter city Date: l .2 - A 7 - t By: Dan atusiewicz Finance Department Directo BUYER: Robert's Waste and Recycling Date: B vq� e s Roberto r $fid) '1:5 -resident Date: By• ' Silvestere Roberto Vice President/Chief Financial Officer A 12-000141 f.•Iappslcaticycomlwpdocsld0111p006100062229. doc