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HomeMy WebLinkAboutBill of SaleBILL OF SALE The City of National City, a California municipal corporation ("Grantor") having received from Pacific Bell Telephone Company, a California corporation dba AT&T California ("Grantee") the sum of Two Hundred Fifteen Thousand Eight Hundred Six Dollars and Seventy -Eight Cents ($215,806.78) with respect to AT&T Project Number 8039798, which Grantor acknowledges is good and valuable consideration, hereby grants, bargains, sells, conveys, transfers, and assigns to Grantee all of Grantor's ownership rights and interest in and to that certain underground supporting structure placed for AT&T Job #8039798 as part of the underground adopted by the City of National City Resolution 2005-256 District Number 24 (collectively hereinafter referred to as "Underground Supporting Structure"), which is located on 8th Street between National City Boulevard and Highland Aupnue, .ssubiect to the foVo'w`ng conrvitions• i . Title shail vest with Grantee only after the completion of inspection and written acceptance of the Underground Supporting Structure by Grantee. 2. Grantor shall indemnify, defend, and hold Grantee harmless from and against any and all losses, costs, liability, damages, claims, actions, and causes of action (including attorney's fees and court costs) arising out of the sole negligence of Grantor, Grantor's agents, contractors, or subcontractors, in the construction and installation of the Underground Supporting Structure by Grantor or Grantor's agents, contractors and subcontractors. 3. Grantor warrants: 1) Grantor is the lawful owner in every respect of all of the above described property and that the property is free and clear of all liens, security agreements, encumbrances, bonds and charges of every kind whatsoever; 2) for a period of two (2) years following acceptance of the Underground Supporting Structure by Grantee that all work performed by Grantor and all materials furnished by Grantor are free of defects including, but not limited to, any defects causing caving or sinking of the trench and any defects in the paving performed by Grantor; and 3) this warranty shall survive inspection and acceptance. 4. This Bill of Sale shall be binding upon and shall inure to the benefit of the parties and their permitted successors and assigns. 5. By signing below, Grantor and Grantee hereby further agree that nothing herein shall be construed as a sale, conveyance, transfer, or assignment of any equipment other than the Underground Supporting Structure itself as described above. Executed by the Parties this l8thday of !+March, GRANTOR: City of National City, a California municipal corporation By: GRANTEE: Pacific Bell Telephone Company, a California corporation dba AT&T California y I-, . ►ma. Name: Name: Ron Morrison Title: Mayor � >C% Ida----✓t' o , c, , 271,L c Title: A 11 /"i �' iv 4 Ur c, il--