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TRADE THE SKY ARM TRUCKS FOR A NEW 2006 PIERCE 100 FOOT AERIAL PLATFORMS AGREEMENT THIS AGREEMENT made this ,;?3-'- day of 5 ~ 2006, by and between the City of Clearwater (Clearwater) and Pier Manufacturing Inc. ("Pierce"). WHEREAS, Clearwater is the owner of a two Pierce Sky Arm aerial apparatus, job #11651 and #13953 (the "Sky Arm Trucks"); WHEREAS, Clearwater wishes to trade, and Pierce is willing to participate in the trade of, both trucks for a two new 2006 Pierce 100' aerial platforms. Pierce will submit a proposal to Clearwater that details the design and features of the new 100' aerial platforms. NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Even Trade. The parties agree that the trade of the Sky Arm Trucks for a new 2006 Pierce 100' aerial platforms shall be an even trade with no additional amount to be paid by Clearwater. The new 100' Pierce aerial platforms will be built per the proposals submitted by Pierce. Clearwater may make changes to the proposal or request additional items on the new trucks. Any additional items or changes will be subject to additional charges. Transfer of Title. Clearwater shall deliver to Pierce good and marketable title for each Sky Arm Truck, free of any liens or other encumbrances. Transfer of the titles shall take place within thirty days after the new trucks are delivered to Clearwater. Condition of Vehicle. Purchase of the Sky Arm Trucks by Pierce shall be contingent upon the Trucks being in a condition satisfactory to Pierce on the date of the transfer to Pierce. Trucks must pass all certification tests, all major components shall be in good working condition, and there shall be no cab, body, or aerial damage. City may remove Fire Department radios, and fire fighting equipment only. All other bolted on components shall remain, including, but not limited to sirens, warning lights, shelves, trays, NFPA ladder compliment, pike pole compliment, electrical generator, reels, seats, SCBA brackets, etc... Taxes. Clearwater hereby represents and warrants that it is exempt from any federal, state or local taxes applicable to the transaction covered by this Agreement. No Liens. Clearwater hereby represents and warrants that, to the best of its knowledge, no lien or other encumbrance has been placed on the Sky Arm Trucks during the time they have been in the possession of Clearwater Release of Claims. Clearwater hereby releases Pierce from any outstanding warranty claims, cost or expense related to warranty or non-warranty repair work, whether known or unknown, relating to the ownership, use or operation of the two Sky Arm Trucks (Pierce job #11651 and job #13953) that Pierce is taking back in trade. This release will be effective the date that Pierce takes possession of the trucks. Entire Agreement This Agreement constitutes the entire agreement between the parties and supersedes any previous agreements, whether oral or written, relating to the subject matter of this Agreement. This Agreement may not be modified unless such modification is in writing and signed by both parties. IN WITNESS WHEREOF, the Clearwater and Pierce have executed this Agreement on the date first above written. Countersigned: CITY OF CLEARWATER, FLORIDA -1~/~ Frank V. Hibbard Mayor By: tfh~4 William B. Horne II City Manager Approved as to form: Attest: .~ +....... L~~)~~iedi ; IlN cyn~Gou~ .' "',"- V City Clerk "/.""'" '. '. ._:,:~, - "'. . ..... PIERCE MANUFACTURING INC. By: /-1).. -0' Mike Schoenberger Vice President Aftermarket Sales & Service