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HomeMy WebLinkAboutC-2276• a - - \\00 -- 0 c eJ � d AIOTOR VEEIICLE/PERSONAL PROPER TY LOAN AGREEAIENT This agreement red to a into between HUNTINGTON BEACH HONTIA, of 17555 Beach Blvd., Huntington Beach, California, hereinafter referred to as "Lender ", and City Of Arcadia hereinafter referred to as "Borrower." Law Enforcement Agency, City Of Arcadia Police Dept, In Consideration of the 10211 without charge by Lender to Borrower of motor vehicles and/or accessories hereir2eidcscrr ed q (hereinafter referred to as "V ehiolcs" ), it is mutually agreed upon by the parties hereto as fallows: I. The Vehicles loaned beroundcr areas follows: bfODEL — S11300P, FRAA1E NO 1712SC5178G,tfa00244, }TAR — 2006, COLOR — White. LICENSE NO. None 2. Borrower agrees that he has examined and inspected the Vehicles above described and states that same are in first class mechanical and Operating condition and assumes a]1 risks, perils, and danger in operation of said,,ebicles. 3. Borrower agrees that he will not permit any ocher person than the Borrower, to use or operate such Vehicles; he will not operate such vehicle under The influence of alcohol or any substance which affects the ability to operate or control the Vehicles or not having a valid operator's license to use or operate such Vehicles, and be shall not use or operate said Vehicle or cause or permit same to be used or operated in any manner whatsoever in violation or contravention of any City, County, State or Federal laws, stanacs, ordinances or regulation, and that Borrower shall be personally liable for all fines and penalties for traffic law violations. 4. Borrower agrees That in the event of any accident involving the loaned Vehicles, he will within dg hours following such accident, famish a Lender a full and complete report thereof, including the extent and amount of damage, and wall report said accident to the Deparunent of Motor Vehicles of such state within the time and in the manner prescribed under the provisions of the Vehicle Code of such state. 5. Lender agrees that at all times during the period of the loan of said Vehicles, Lender shall maintain and keep in repair such Vehicles as requested by Borrower, from time to time, at Lender's cost and expensq'excepr for willful misuse Of the Vehicle or damage covered under Borrow'er's insurance policy. 6. Borrower agrees that he will, at his sole cost and expense, maintain primary personal injury and property damage liability insurance coverage for the use and operation of said Vehicles during the time the same are in his possession and until same are returned to the Leader and tarnish Leader a Certificate of such Insurance Coverage. Borrower does hereby covenant and agree with Lender that he will forever hold harmless and indemnify said Lender from any and all claims, demands, causes of action, court costs, attorney's fees and expenses of any nature relating thereto for personal injury and property damage of any third party or of the Borrower, his heirs, personal representatives, employees or agents Or any Other party arising or alleged to have arisen from Borrower, or ownership of said Vehicta while this agreement is in full force and effect, and to reimbu the use, operation, maintenance by rse Leader for any such toss, damage or costs and expenses during said period, except as may be provided under paragraph 5 of this agreement. I acknowledge that I have read this insurance paragraph. (borrower initials) 7. The Vehicles loaned hereunder to Borrower shall be returned to Lender at Lender's place of business Or at any place designated by Lender as the point *[delivery to Lender's employees or an authorized person of Lender on or before the dare hereinafter designated as the rewm dace, or prior thereto upon demand by Leader. If Borrower damages said Vchicle, such that it is a Total loss, or fails to return same for any reason on said return date or on demand, BOROwer agrees to pay Lender the dealer's net price therefore. If Vehicle is damaged to an extent Mss than total loss then Borrower agrees to either repair Vehicle to the satisfaction of Lender or to pay lender a sum sufficierd to effect the repair of said Vehicle to the same condition as when Vehicle was borrowed. REQUIREMENTS FOR RETURNING VEHICLES: • List Of damaged or missing pare 8. Borrower acknowledges that he is not an employee or representative of Lender, and would therefore, not be entitled to any benefits of employment, including, but not limited to, for example, worker's compensation or any group or individual medical coverage. made. 9. Borrower acknowledges that no ocher written or oral representations different or apart from the foregoing written agreement has been 10. Borrower acknowledges that he has taken and shown proof of satisfactory completion of a motorcycle safety training course within the last 3 years. 11. Borrower agrees that he will not participate in any competition, or sanctioned riding event this vehicle or allow the unit To be used in said event. LOANED: TO $E RETURNED: or><05�D� DATE RETURNED: CONDITION: CHECKED BY: while operating BY: v LENDER BORROWER William R. Kelly, City Manager EXECUTED 26th y.bAYOF Marc_h zddg;7 PICKED tip BY': ! / DATE: 77