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HomeMy WebLinkAbout06- Ressler Motors; 3/4 ton pickup - 1-16-06 to 1-16-07 ,,,..., AGREEMENT THIS AGREEMENT entered into on the ~ day of S~\('Q."(') , 20 Df, by the parties, the CITY OF BOZEMAN (hereinafter, CITY), a municipal corporation, at 411 E. Main Street, Bozeman, Montana 59715 and RESSLER MOTORS (herein after RESSLER) at 1735 West Main Street, Bozeman Montana 59715. The parties agree as follows: "" 1. RESSLER agrees to provide to the CITY a200 b Chevrolet 3/4 -ton pickup, VIN 1f;C.H-k. ;2.~ u. 8'(, f: II 758' I /- I G- , 2006 through # for its exclusive use from 1-/' -~oo7 . RESSLER will not charge the CITY any costs including interest for the use of the vehicle. The approximate value ofsaid vehicle is $ 33,000 . In no event shall the CITY have authority to sell, lease, or otherwise dispose of the vehicle without written permission of RESSLER. 2. The parties further agree that RESSLER will provide the City with a title to the vehicle while maintaining a security interest for the value of the vehicle. This agreement acts as a creation of a security interest for RESSLER in the vehicle. The CITY specifically agrees to the creation ofa security interest as allowed by Montana law. 3. The CITY agrees to keep and maintain the vehicle in good repair. The CITY further agrees to return said vehicle to RESSLER in as good condition as received except for ordinary wear and tear. The CITY further agrees to insure the vehicle in the same manner as all City- owned vehicles and to pay for the vehicle registration. 4. In the event it becomes necessary for either party to this agreement to retain an attorney or use an in-house counsel, to include the City Attorney, to enforce any of the terms or conditions of this agreement, then the prevailing party shall be entitled to reasonable attorney's fees and costs, to include fees, costs, and salary of in-house counsel .. 5. Either party may terminate this agreement by giving sixty (60) days written notice to the other party. Said notice shall be served by registered mail and directed to the City at Post Office Box 1230, Bozeman, Montana 59771-1230, Attention: City Manager, and to RESSLER at 1735 West Main Street, Bozeman, Montana 59715. RESSLER MOTORS BY: cro~ - Chris Nelson General Manager CITY OF BOZEMAN By:~l~' Chris Kukulski City Manager ATTEST: fiiL~ Clerk of the Commission V:\60DOCS'Ressler vehicle agree 06 Draftdoc