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CLORTEC LEASE -PURCHASE AGREEMENT
1. DESCRIPTION OF PARTIES AND PROPERTY LEASED
hemical Services Company. of 1077 Dell Avenue Suite & City of Campbell. State of
Cal rnia, addressed as lessor in this agreement, leases to Indian River County,
Department of Utility Services, of 1840 25th Street City of Vero Beach, State of
Florida, addressed as lessee in this agreement, and lessee hires from lessor, the
following described personal property: CLORTEC MC-600hypochlorite generating
system as described in the attached proposal
2. TERM OF LEASE
The term of this lease shall be12 months, such term to commence on 5/12/1999_
(date), and to terminate on 4 12 20 0_ (date), unless otherwise terminated as
provided in this lease.
3. RENT
In consideration for the leasing of the above-described property, lessee agrees to pay to
lessor as rent for such property the sum of _$ix Thousand_ Dollars ($ 6,000.0 ) per
month, the first payment of which rent is payable on or before 5/3 99_ (date), and
each subsequent payment of which is payable on or before the Last day of each
month thereafter, during the entire term of the lease. Such payments shall be made at
lessors address as set out in Section One of this lease.
4. MAINTENANCE REPAIR & REPLACEMENT
Lessee shall exercise due care in the use and maintenance of the leased property,
keeping it in good repair and in a condition equivalent in all respects to that in which it
was received by lessee, normal wear and tear excepted. The lessor will be responsible
for equipment repair and replacement during the term of the lease except in those
circumstances beyond control of the lessor
5. ASSIGNMENT OR SUBLEASE
Lessee will not assign this lease or sublet the leased property unless the written consent
of lessor to such assignment or sublease is first obtained.
6. DEFAULT
If lessee shall be in default of any of the rental payments, when the payments shall
become due and payable as provided in this agreement, or shall remove or attempt to
remove the leased property from South WWTP without first obtaining the written
consent of lessor, lessor shall, at his or her option, terminate this lease and lessees right
to possession of the leased property, and lessor shall then without demand on or notice
to lessee take possession of such leased property.
7. INSPECTION BY LESSOR
Lessor shall at all times during lessees business hours have the right to enter on the
premises where the leased property is located for the purpose of inspecting the
property.
8. RETURN OF PROPERTY
On expiration or earlier termination of this lease, lessee shall return, the leased property
to lessor in good repair, ordinary wear and tear resulting from proper use of the
property excepted. The lessor will remove property at his own cost if removal is
required during term of the lease.
9. PURCHASE AGREMENT
Upon lessee's complete satisfaction with equipment operation throughout the twelve
month lease period, the lessee agrees to purchase the CLORTEC system. At the end of
the lease period all sums paid as rent will be applied towards the purchase price. The
lessee may chose to purchase the equipment prior to the end of the lease period. If this
option is elected the lessee will pay the difference between the purchase price and the
rent already paid. In either case , upon receipt of the balance of the purchase price by
the lessor, title for the CLORTEC system will be transferred to the lessee.
The purchase price herein is the sum of One Hundred Ninety Seven Thousand Dollars,
($197,000.00).
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10. CANCELLATION
If the equipment fails to meet lessee's requirements this agreement may be cancelled
upon 30 days written notice, at which time the equipment will be removed by lessor as
specified in paragraph 8.
11. APPLICABLE LAW
This lease and the construction of the lease will be governed by the laws of the State of
Flori _.
12. PROOF OF LICENSE
Lessor is a corporation duly organized, validly existing and in good standing under the
laws of the State of California and is duly licensed and in good standing and qualified
to do business in the State of Florida and will provide Lessee with proof of said good
standing prior to executing this agreement.
13. NOTICES
Any notices to be given under this lease shall be given by mailing the notices to lessor
at: Chemical Services Company
1077 Dell Avenue
Suite A
Campbell, CA 95008
and to lessee at: Indian River County
Department of Utility Services
1840 25th Street
Z/1.
Vero Beach, FL 32960-3394
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{/ Dated �.
1 nneth If. Macht, Chairman
Lessee Signature
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Lessor Signature
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