R2004-58 ACCEPTING BID AND AUTHORIZING AGREEMENT

Home Browse Search

� , AGREEMENT � AGREEMENT made by and between the City of Decatur, Illinois, a municipal corporation ("City") and Coe Equipment, Inc. ("Coe"). For and in consideration of the promises and obligations made and assumed hereunder, the City and Coe agree as follows: 1. The City shall purchase from Coe one (1) 2004 2110J6F vactor sewer and catch basin cleaner on a 2005 7400 SBA 6 x 4 Navistar tandem axle chassis for the price listed on Exhibit A hereto as item #1. Delivery shall be within one hundred eighty (180) days of the date hereof, and payment shall be made within one (1) week thereafter. 2. At the end of either 9,100 operating hours or 7 years, whichever first occurs, Coe shall repurchase said tandem axle chassis/sewer and catch basin cleaner from the City for the sum of$83,793. 3. Equipment purchased under this agreement will be operated by the City for cleaning manholes and catch basins; cleaning,jetting, derooting sewers and other purposes which the equipment is designed. 4. The City will assume responsibility for all repair costs resulting from damage due to fire, windstorm, flood and rising waters, lightning, theft and pilferage, vandalism and accidents. Total cost of the repairs due to the above circumstances will not be included in computing the guaranteed maximum total cost of repairs covered under the contract. 5. Coe shall pay for all repairs (including parts and labor) to the equipment covered by the manufacturer's warranty, and those costs shall not be included in the total cost of repairs.