2008-322 - Laserfiche WebLink

Home Browse Search

ir,/'4% ArAOO" # ir�l�AI" W 9 I 4Am i.. r %rL= L.. i A� %00r / The Envir-onnient Savers 1010 Hoyt Ave. Ridgefield, NJ 07657 T: (201) 943-7142 F: (201) 943-6928 3030 Reynolds Rd. Lakeland, FL 33803 T: (863) 665-3755 F: (863) 665-3866 EPS PROCESSING EQUIPMENT AND OUTPUT PRODUCTION AND SUB -LEASE AGREEMENT THIS AGREEMENT is entered into by and between the following entities on the day of (Effective Date): RecycleTech Corp. ("RecycleTech"), having a principal office at: Address: 1010 Hoyt Ave. Ridgefield, NJ 07657 Telephone: (201) 943-7142 Fax: (201) 943-6928 Indian River County Solid Waste Disposal District ("Operator'), having offices at: Address: 132574 th Ave. S.W. Vero Beach, FL 32968 Telephone: (772) 770-5112 Fax: (772) 770-5296 Purpose of Agreement RecycleTech has the lawful authority to place an EPS Extruding Machine ("Extruding Machine") that permits the melting of Expanded Polystyrene ("EPS"), through a method known as the EPS Heated Extruding Process via a grant awarded by the State of Florida. Operator desires to obtain, via the grant and at the sole discretion of RecycleTech an Extruding Machine to densify all its EPS packaging materials waste, byproducts of its operations. RecycleTech requires that Operator sells, exclusively, to RecycleTech its entire production of Extruded EPS Material during the term of this Agreement. Operator is willing to sell to RecycleTech its entire production of Extruded EPS Material, provided RecycleTech pays Operator the agreed upon compensation and further provided RecycleTech agrees to buy all of Operator's production of Extruded EPS Material produced throughout the term of this Agreement. In accordance with the terms and conditions of the grant, the machine must and always remain in the State of Florida. The terms and conditions of the original grant/lease with Polk County and the State of Florida remain in effect and are not superseded by this sub -lease agreement. Additionally, operator is responsible for submitting a monthly report to RecycleTech for submission to the state. The report format and instructions for submission will be provided prior to installation. IN CONSIDERATION of the mutual promises herein, both parties intending to be legally bound, it is mutually agreed by and between the parties as follows: 1. Duration of Agreement. This Agreement shall commence upon the 1st day of October, 2008 and shall terminate on the 30th day of September, 2011, unless sooner terminated by other provisions in this Agreement. Upon completing a three year term, RecycleTech agrees to transfer ownership of the machine to the Operator for a nominal fee, estimated to be less than $100. 2. Equipment and Services. RecycleTech shall provide, for the agreed upon compensation listed below, one complete EPS Extruding Machine capable of meeting v� r