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HomeMy WebLinkAbout1940 American LaFrance Fire Truck AgreementAtt 1940 AMERICAN LAFRANCE FIRE TRUCK AGREEMENT This loan agreement is executed by and between the City of Gilroy, the Gilroy Historical Society, a Califronia non- profit corporation ( "Society ") and Michael Bonfante, DBA Tree Haven, (Tree Haven), Hecker Pass Highway, Gilroy, California. Whereas the City of Gilroy owns a 1940 American LaFrance Fire Truck which the Society desires to preserve for display purposes, the parties agree as follows: 1. The Society is charged for an indefinite period with responsibililty for the supervision of proper care and housing of said Fire Truck. 2. Tree Haven shall pay for all labor, parts and equipment required for restoration of said Fire Truck. 3. The said vehicle shall be on loan to Tree Haven for display and maintenance at their property on Hecker Pass Highway, Gilroy. Said vehicle shall not leave the premises nor shall it be used for other than display. 4. Tree Haven shall insure both the City of Gilroy and the Society, as named insured, for liability, for and all other risks covered by standard extended coverage endorsement to property and to protect all parties in regards to said Fire Truck. Liability coverage shall not be less than one million dollars (1.,000,000.00) per occurrence. 5. This agreement shall remain in effect until terminated by mutual agreement o$r a thirty (30) day notice by any one of the three (3) parties to the.ot -her two (2). 6. This agreement shall not be assigned or transferred by any of the three (3) parties. Said Parties Agree to the above Terms: City of Gilroy Gilroy Historical Society Dated ved as to Forinv Cif CRY Attomey `J 3Z