236-26 EZ Speed Study Program and Application - Final.pdf

4 | P a g e EZ Speed Study Program Application and Agreement Form Agreement for EZ Speed Study Program This Agreement is made between Meadowlands Transportation Brokerage Corporation d/b/a EZ Ride, a 501(c)(3) non-profit corporation having its office at 144 Park Place East, Wood-Ridge, New Jersey 07075, and the Borrower identified below. _____________________________________________________________________________________ Borrower School/Municipality Street City Zip The parties hereby agree as follows: 1. Agreement. EZ Ride agrees to loan to the Borrower, and the Borrower agrees to borrow from EZ Ride, a dynamic speed display and data collection device (“Equipment”). Further, EZ Ride agrees to collect data from the Equipment and prepare a Speed Study Report for the Borrower to promote safety. 2. Term of Agreement. The Equipment is borrowed from ____________________________ to _______________________________, which will be the effective term of this Agreement. 3. Installation and Data Collection. EZ Ride will install the Equipment, monitor its settings, collect data, and change the batteries as needed. The Borrower will provide and install (if not already installed) a suitable square channel post to attach the Equipment in accordance with the "Placement Conditions" outlined in the Application Form. Questions or requests for assistance may be directed to Lisa Lee, Deputy Director, at llee@ezride.org or 201-939-4242 ext. 123. 4. Payment. There is no charge for borrowing this Equipment nor for EZ Ride to conduct the speed study and provide its report. 5. Insurance. The Borrower shall carry comprehensive, general liability, and property damage insurance covering the Equipment. The limits of liability shall be $1,000,000, combined single limits. EZ Ride will be named as an additional insured. The Borrower shall provide to EZ Ride a Certificate evidencing this insurance. 6. Warranties. EZ Ride makes no warranties or guarantees, either express or implied, without limitation, as to the condition or operation of the Equipment.