232-26 Agreement for Transfer of Police Vehicle.pdf

Township Hall, 525 Pompton Avenue, Cedar Grove, New Jersey 07009. The date on which West Orange picks up the Vehicle shall be referred to as the Delivery Date. ARTICLE 3. CONTRACT NOTICES 3.1 Notices to TRANSFEROR shall be made to Joseph Zichelli, Township Administrator, 525 Pompton Avenue, Cedar Grove, New Jersey 07009. Notices to TRANSFEREE shall be made to Peter Smeraldo, Business Administrator, 66 Main Street, Room 113 West Orange. NJ 07052. ARTICLE 4. CONTRACT PRICE 4.1 The transfer of the Vehicle shall be at no cost to TRANSFEREE, and is in lieu of TRANSFEROR paying $27,522.96 under N.J.S.A. 40A:14-178 resulting from the transfer of a police officer from TRANSFEREE to TRANSFEROR. 4.2 The terms of this Contract shall be deemed complete on the Effective Date, which is as the later of the following: (i) the Delivery Date; or (ii) the date upon which TRANSFEROR delivers to TRANSFEREE the Title of the vehicle. ARTICLE 5. DEFAULT 5.1 In the event that TRANSFEROR defaults under this Contract, TRANSFEREE shall be entitled to be reimbursed for any and all expenses, including the $27,522.96 reimbursement for transfer of the police officer, as well as reasonable attorney’s fees, caused by the Default, including time spent in the drafting of Contract documents, Contract negotiations and actions necessary as a result of such Default. ARTICLE 6. BUYER'S REPRESENTATIONS TRANSFEREE makes the following representations: 6.1 TRANSFEREE has obtained the necessary municipal approvals for transfer of the Vehicle, including passage of any and all necessary resolutions for the effectuation of such transfer. 6.2 TRANSFEREE acknowledges that, except as provided in Paragraph 4.2 above, that it is acquiring the Vehicle “AS IS”, “WHERE IS”, and “WITH ALL FAULTS,” and that there are no warranties of merchantability or fitness or suitability of the Vehicle and its accessories for any particular purpose.” 6.3 TRANSFEREE acknowledges that it has the obligation to register the Vehicle with the New Jersey Department of Motor Vehicles, and pay any applicable fees or taxes to New Jersey. Additionally, TRANSFEREE affirmatively represents that it has obtained liability insurance for the Vehicle on or prior to the Delivery Date and that, by taking possession of the Vehicle, represents that TRANSFEROR no longer has a legal or insurable interest in the Vehicle.