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VEHICLE TRANSFER AGREEMENT
THIS AGREEMENT made and entered into this 26th day of FEBRUARY /2015 by and
between Arcadia Police Dent. hereinafter referred to as AGENCY" and the
INTERINSURANCE EXCHANGE OF THE AUTOMOBILE CLUB with principal
offices at 3333 Fairview Road, Costa Mesa, CA 92626, hereinafter referred to as
"EXCHANGE, ".
RECITALS
WHEREAS, the AGENCY desires to acquire a vehicle in order to conduct
investigations regarding automobile theft and insurance fraud; and
WHEREAS, the EXCHANGE has a vehicle of the appropriate make and model
that it is willing to make available for AGENCY to conduct its investigations;
NOW, THEREFORE, in consideration of the mutual covenants, benefits, and
premises herein stated, the parties agree as follows:
1. The EXCHANGE shall give the AGENCY the title to and the vehicle currently
registered to the EXCHANGE, vin identification# JHMCP267X9C017696
make /model HONDA/ACCORD and year 2009 ( "VEHICLE "). The AGENCY shall
register the VEHICLE with the Department of Motor Vehicles ( "DMV ") within
fourteen (14) business days after this Agreement is executed by all parties in its own
name or in any other name other than the EXCHANGE and its affiliated companies.
Within two (2) days after the AGENCY registers the VEHICLE with the DMV, the
AGENCY shall place new and different license plates on the VEHICLE and
surrender the original plates to the EXCHANGE or to the DMV as may be required
by law. The AGENCY is responsible for all DMV fees.
2. The AGENCY shall accept VEHICLE "as is" with no guarantees or warranties. The
VEHICLE shall only be used by the AGENCY for activities and investigations
regarding auto theft and/or insurance fraud. However, the EXCHANGE agrees that
the operational decisions regarding the deployment of the VEHICLE are within the
sole discretion of AGENCY.
3. The transfer of the VEHICLE is effective as of 02/26/2015 and shall terminate on
02/26/2017. During this period, the AGENCY is responsible for all routine
maintenance and repairs on the VEHICLE.
4. Either party may terminate this Agreement at any time, with or without cause, in its
sole discretion, with thirty (30) days written notice.
5. The AGENCY shall provide adequate liability and comprehensive insurance
coverage for the VEHICLE, which may be self- insured as provided by California law.
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6. The AGENCY shall indemnify, hold harmless, release and defend the EXCHANGE,
its agents, officers, directors, governors, employees, affiliated companies and insured
from any and all claims, losses, demands, causes of action, suits, damages and
liabilities, including but not limited to property damage or bodily injury, relating in
any way or resulting from any AGENCY employee, agent or contractor's use,
operation and/or maintenance of the VEHICLE.
7. The EXCHANGE waives any claims for material damage to the VEHICLE.
Policy /Claim # 011736516 DOL 12/14/2014. On the day after the termination of this
Agreement, the AGENCY shall return the VEHICLE, regardless of its condition, to
the EXCHANGE at the EXCHANGE's Salvage Lot located at 16920 S. Figueroa
Street, Gardena, California. At that time, the AGENCY will give to the EXCHANGE
the VEHICLE and its executed title. Thereafter, the EXCHANGE will register the
VEHICLE with the DMV within fourteen (14) business days after the VEHICLE is
returned in its own name or in any other name other than the AGENCY'S. Within
two (2) days after the EXCHANGE registers the VEHICLE with the DMV, the
EXCHANGE surrender the replacement license plates to the AGENCY or to the
DMV as required by law. The EXCHANGE is responsible for all DMV fees related
to re- registering the VEHICLE.
8. The AGENCY may not assign this Agreement without the express written consent of
the EXCHANGE.
9. This Agreement may not be modified, nor may any of the terms, provisions or
conditions be modified or waived or otherwise affected, except by a written
amendment signed by all parties.
10. 11. The AGENCY and the EXCHANGE represent that the individual executing this
Agreement on behalf of such party is duly authorized to execute such agreements for
that party.
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Date: _ � _
Date: y� 'OP-1 S
-Ak
Interinsurance Exchange of the
Automobile Club
By its Attorney in Fact,
ACSC M gement Serv�'�es ins
ACSC -AAA -AUTO CLUB
iNTER1NSURANCE EXCHAN(=F C
By ILE CLut-
Title: TITLE CLERK/CSR �
CITY OF ARCADIA
(AGENCY)
By:
Print Name: Dominic Lazzaretto
Title: Citv Manager
Phone: (626) 574 -5401
Fax: (626) 446 -5729
Approved to Form: * *Note: This section is not required, unless your department requires it **
By: �.r
_ §t�9�7
Print Name: Stephen P. Deitsch
Title: City Attorney
Date: 3 3 5
By: —JLt_ ` d,,
Print Name: sa Mussenden
Title: City Clerk Chief. Deputy
Date: I1� �{ 2b
REVD 1 /2011