Resolution No. 9168t
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RESOLUTION NO. 9168
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND RATIFYING THE EXECUTION OF A
FIRST AMENDMENT TO STANDARD OFFER, AGREEMENT AND
ESCROW INSTRUCTIONS FOR PURCHASE OF REAL PROPERTY
AND APPROVING AND AUTHORIZING THE EXECUTION OF A
BILL OF SALE BY AND BETWEEN THE CITY OF VERNON,
WALTERS WHOLESALE ELECTRIC CO. AND VERNON ELECTRO,
LLC REGARDING PROPERTY LOCATED AT 3375 E. SLAUSON
AVENUE IN THE CITY OF VERNON
WHEREAS, on July 5, 2006, the City Council of the City of
Vernon adopted Resolution No. 9093 approving the sale of certain real
property in the City consisting of approximately 39,900 square feet,
together with all existing structures and improvements, commonly known
as 3375 E. Slauson Avenue (the "Property") to Walters Wholesale
Electric Co. ("Walters") for the sum of $3,800,000; and
WHEREAS, on October 18, 2006, the City Council of the City
of Vernon adopted Resolution No. 9154 approving an Assignment and
Assumption Agreement with Walters and Vernon Electro, LLC (""Vernon
Electro") wherein the City consented to Walters assigning all of its
rights and obligations to purchase the Property from the City of
Vernon under the Agreement of Purchase and Sale and Escrow
Instructions dated June 30, 2006, as amended (the "Agreement") to
Vernon Electro; and
WHEREAS, Walters is a Managing Member of Vernon Electro, a
California limited liability company; and
WHEREAS, the City, Walters and Vernon Electro desire to
amend the Agreement to provide the terms and conditions under which
the City grants a credit to Walters and Vernon Electro and Walters and
Vernon Electro provide the City with a release to resolve a dispute
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respecting certain alleged defects and to modify the Closing Date to
November 10, 2006; and
WHEREAS, Walters and Vernon Electro desire to buy from the
City all of the telephone equipment located at the Property
(collectively, the "Personal Property") for the sum of $10,000.00; and
WHEREAS, the City, Walters and Vernon Electro desire to
enter into a Bill of Sale to implement the sale of the Personal
Property; and
WHEREAS, in order to meet the urgent need to meet the
closing deadline, the Mayor executed the First Amendment to Standard
offer, Agreement and Escrow Instructions for Purchase of Real Property
(the "Amendment") on November 1, 2006, subject to ratification by the
City Council; and
WHEREAS, the City Council desires to approve and ratify the
actions of the Mayor in executing the Amendment and approve and
authorize the execution of a Bill of Sale with Walters and Vernon
Electro.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon hereby
finds and determines that the recitals contained hereinabove are true
and correct.
SECTION 2: The City Council of the City of Vernon hereby
approves and ratifies the execution of the Amendment with Walters and
Vernon Electro dated November 1, 2006, a copy of which is attached
hereto as Exhibit A and incorporated by reference.
SECTION 3: The City Council of the City of Vernon hereby
approves the Bill of Sale with Walters and Vernon Electro, in
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substantially the same form as Exhibit B which attached hereto and
incorporated herein by reference.
SECTION 4: The City Council of the City of Vernon hereby
authorizes the Acting Executive Director to execute the Bill of Sale
for, and on behalf of, the City of Vernon.
SECTION 5: The City Council of the City of Vernon hereby
authorizes the Acting City Clerk, or his designee, to make whatever
nonsubstantive, administrative and/or text changes, upon advice of
counsel, to the Bill of Sale.
SECTION 6: The City Council of the City of Vernon hereby
directs the Acting City Clerk, or his designee, to send one fully
executed Bill of Sale to:
Sandra Slon, Esq.
Troy & Gould
1801 Century Park East, 16th Floor
Los Angeles, CA 90067-2367
SECTION 7: The Acting City Clerk of the City of Vernon
shall certify to the passage of this resolution, and thereupon and
thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 22nd day of November, 2006.
LEONIS C. MA URG, Mayor
ATTES
i
BRUCE LKENHORST, JR.
Acting ity Clerk
A
- 3 -
(STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 9168, was duly adopted by the City Council of the City
of Vernon at a special meeting of the City Council duly held on
Wednesday, November 22, 2006, and thereafter was duly signed by the
Mayor of the City of Vernon.
BRUCE V. LKENHORST, JR.
Acting City Clerk
(SEAL)
- 4 -
EXHIBIT
A
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First Amendment to Standard Offer, Agreement
and Escrow instructions for Purchase of Real Property
This First Amendment to Standard Offer, Agreement and Escrow Instructions for
Purchase of Real Property (this "Amendment") is made as of November 1, 2006 by and between
The City of Vernon ("Seller") and Walters Wholesale Electric Co., a California corporation, and
Vernon Electro, LLC, a California limited liability company (collectively, `Buyer") in order to
amend certain terms of the Standard Offer, Agreement and Escrow Instructions dated as of June
30, 2006 by and between the Buyer and Seller and the Addendum thereto dated June 30, 2006
(the "Agreemenf). Each initially capitalized term used in this Amendment without definition
shall have the definition ascribed to such term in the Agreement.
For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby agree as follows:
1. Credit. Buyer has advised Seller that Buyer believes that there are higher than
normal moisture emissions and a higher than expected pH content in the concrete slab of the
building located on the Property, and the possibility of Alkali Silica Reaction (ASR). Seller's
consultant does not agree that there are any such defects in the slab. However, in order to
resolve the dispute, and close the transaction contemplated by the Agreement, Seller hereby .
agrees that Buyer shall receive a credit from Seller at the Closing in the amount of Seventy
Thousand Dollars ($70,000) for purposes of maintenance and repair of any defects in the
concrete slab, including possible installation of a sealant. Seller is granting this credit solely in
order to resolve the dispute, and without acknowledgement that there is any defect in the slab,
including, without limitation, any excess moisture, excess pH content, or ASR Seller's
consultant has advised that if, however, Buyer wishes to clean and seal the floor, an ashford
sealer should be used.
2. Release. In consideration of the credit to Buyer as described above, the Buyer
shall and hereby does, for itself and its successors and assigns, release and absolutely and forever
discharge the Seller and its employees, elected officials, agents, assigns, attorneys, and
successors of and from any and all claims, demands, damages, debts, liabilities, accounts,
obligations, costs, expenses, liens, actions and causes of action of every kind and nature
whatsoever, whether now known or unknown, suspected or unsuspected which Buyer now has,
owns or holds or at any time heretofore ever had, owned or held or could, shall or may hereafter
have, own or hold against the Seller based upon or arising out of the Agreement, the purchase of
.the Property, and any latent or visible defects in the condition of the Property, including, without
limitation, any defects in the floor slab, the cement, any excess moisture, any excess pH, any
ASR, any efflorescence, any soils conditions, any wet subgrade or other wet conditions in the
building or on or under the Property, or any other defect whatsoever in the Property, and any
non-compliance with requirements of the building code or other laws, regulations, or
requirements (collectively, the "Released. Matters"). UW
01910/M2147429.1
It is the intention of the Parties that the release described in this Paragraph 2 (the
"Release") shall be effective as a full and final accord and satisfaction and general release of and
from all Released Matters.
In furtherance of the intentions set forth herein, Buyer acknowledges that it is familiar
with Section 1542 of the Civil Code of the State of California which provides as follows:
"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE .
CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN MS FAVOR AT
THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOW BY HIM i
MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
DEBTOR."
Buyer waives and relinquishes any right or benefit which it has or may have under
Section 1542 of the Civil Code of the State of California. In connection with such waiver and
relinquishment, Buyer acknowledges that it is aware that it may hereafter discover claims or
facts in addition to or different from those which it now knows or believes to exist with respect
to the subject matter of this Release, but that it is Buyer's intention to fiilly, finally and forever to
settle and release all of the Released Matters. In furtherance of this intention, the Release herein
given shall be and reliiain in effect as a full and complete release notwithstanding the discovery
or existence of any such additional or different claim or fact.
Buyer warrants and represents to Seller that Buyer is the sole and lawful owner of all
right, title and interest in and to all o€the Released Matters and that it has not assigned or
transferred or purported to assign or transfer to any person any Released Matter or any claim,
demand or right against the Seller. Buyer shall indemnify and hold harmless the Seller from and
against any claim, demand, damage, debt, liability, account, obligation, cost, expense, lien,
action or cause of action (including payment of attorneys' fees and costs actually incurred
whether or not litigation be commenced) based on or in connection with or arising out of any
assignment or transfer or purported or claimed assignment or transfer of any Released Matter or
any right under the Agreement.
Buyer has received independent legal advice from attorneys of its choice with respect to
the advisability of entering into this Release.
Buyer acknowledges that it has had adequate opportunity to make whatever investigation
or inquiry it may deem necessary or desirable in connection with the subject matter of the
Release prior to the execution hereof.
3. Attornexs Fees. The prevailing Party shall be entitled to recover from the losing
Party its attorneys' fees and costs incurred in any lawsuit or other action brought to interpret or
enforce any right arising out of this Amendment.
4. Closing ,Datte. The Agreement is amended to state that the Closing Date shall be
November 10, 2006.
2
01910/=2147429.1
5. Effectiveness of Agreemt All other terms and provisions of the Agreeme*
shall remain in full force and effect and, except as expressly amended or modified hereby, are
hereby ratified and reaffirmed. In the event of any inconsistency between the provisions of this
Amendment and the provisions of the Agreement, the provisions of this Amendment shall
control.
b. Coulrterparts and Facsimile. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original but all of which taken together shall
constitute one and the same instrument. The parties acknowledge the validity of signatures by
facsimile; provided, however, each party shall promptly deliver to the other party and to the
Escrow Folder an originally signed document.
3
4191OM2147429.1
Executed as of the, date first above written.
SELLER:
The City of Vernon
nis C. Malbt6& Mayo
ATTEST:
By:
Bruce .'Malkenhorst, Jr.
Acting City Clerk
APPROVED AS TO FORM:
By:
Eric T. Fresch,.City Attorney
BUYER:
WALTERS WHOLESALE ELECTRIC CO.,
a California corporation
VERNON ELECTRO, LLC, a California limited liability
company
By: WALTERS WHOLESALE ELECTRIC CO.,
a California corporation
Its: Managing Member
By: 1��..
o L. Walter, President
4
01910/0032147429-1
EXHIBIT
Iwo10
BILL OF SALE
The City of Vernon C Transferor") does hereby grant, sell, delivery, transfer and convey
to Walters Wholesale Electric Co., a California corporation, and Vernon Electro, LLC, a
California limited liability company (collectively, "Transferee"), effective as of the date set forth
below, all of the telephone equipment of Transferor currently located at 3375 E. Slauson,
Vernon, California and described in Schedule A attached hereto (the "Personal Property'. The
Personal Property is being transferred and sold "AS IS", and "WITH ALL FAULTS",
WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED,
INCLUDING WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE, except for the warranty of title set forth in the following paragraph
of this Bill of Sale. Transferee has made its own independent investigation of the Personal
Property, and based solely on its own investigation, has satisfied itself that all items of Personal
Property are acceptable. In no event shall Transferor be liable or responsible for any claims or
damages, including, without limitation, any special, incidental or consequential damages,
whether foreseeable or not, arising out of or connected with said Personal Property or their use or
resale by Transferee, or the non-compliance of the Personal Property with any federal, state, or
local law, statute, rule, or regulation.
The Personal Property is sold with the representation and warranty that the Transferor
holds good and marketable title to the Personal Property, free and clear of any liens, claims,
charges, or encumbrances, and free of any unpaid fees or charges, and that the Transferor has not
assigned or transferred or agreed to assign or transfer any of its right, title, or interest in or to the
Personal Property or any portion thereof.
Concurrently with the execution of this Bill of Sale, Transferee shall pay to Transferor
the purchase price for the Personal Property in an amount equal to $10,000.00.
This Bill of Sale may be executed in any number of counterparts, each of which is an
original, and all of which are one instrument with the same effect as if all parties had signed the
MKKX2266101211V 106468.01 7/7/2000 8:33
01910/0032 147743.1
same signature page. Documents exchanged by facsimile shall be binding on the parties.
Dated as of November , 2006.
TRANSFEROR:
The City of Vernon
By:
Leonis C. Malburg, Mayor
ATTEST:
By:
Bruce V. Malkenhorst, Jr.
Acting City Clerk
APPROVED AS TO FORM:
By:
Eric T. Fresch, City Attorney
TRANSFEREE:
WALTERS WHOLESALE ELECTRIC CO.,
a California corporation
By:
John L. Walter, President
VERNON ELECTRO, LLC, a California limited liability
company
By: WALTERS WHOLESALE ELECTRIC CO.,
a California corporation
Its: Managing Member
By:
John L. Walter, President
MKK12266\012U11 I06468.01 7n12000 8:33
01910/0032 147743.1
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SA-PROD•01-04 (00/00) Prirt Dote: 0611517ON
CITY COUNCIL
LEONIS C. MALBURG
Mayor
THOMAS A. YBARRA
Mayor Pro -Tern
WM. 'BILL" DAVIS
Councilman
H. "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
November 7, 2006
4305 Santa Fe Avenue, Vernon, California 90058
telephone (323) 583-8811
Via Facsimile & Federal Express
Ms. Sandra Slon
Troy & Gould
1801 Century Park East, 16th Floor
Los Angeles, CA 90067-2367
Re: Walters Wholesale Property
Dear Ms. Slon:
SOL BENUDIZ
Police Chief
MARK C. WHITWORTH
Acting Fire Chief
LEWIS J. POZZEBON
Director of Environmental Health
S. KEVIN WILSON
Director of Community Services
SHARON L. DUCKWORTH
Acting City Treasurer
Transmitted herewith are one executed original Amended and/or
Supplemented Escrow Instructions and one executed original Hold
Harmless "Gap -Indemnity" for the property located at 3375 East Slauson
Avenue. Please forward said documents to the appropriate person(s).
If you have any questions regarding this matter,
Harrison, at (323) 583-8811 ext. 171.
truyours,
kGilyn
a
Deputy City Clerk
NG/ke
cc: Resolution No. 9154
Agreement File No. 06-120
please call Mr. Jeff
Xglugively wnbugtrial
q
101 N. Brand Blvd. Suite 1800
Glendale, CA, 91203
PHONE:(818)240-4912 • FAx:(818)551-5361
AMENDED AND/OR SUPPLEMENTED
ESCROW INSTRUCTIONS
November 6, 2006 Escrow No: 228027-TD
RE: 3375 EAST SLAUSON AVENUE, VERNON, CA 90058
TO: North American Title Company
My previous instructions in the above numbered escrow are hereby amended and/or supplemented in the following
particulars only:
1. Buyer and Seller understand and agree that the closing of the Agreement of Purchase and Sale and Joint
Escrow Instructions shall be by way of a so-called New York style closing, meaning that the sale will be
deemed closed when the recordable documents are released for recordation and the sale proceeds are
released to or for the benefit of the Seller notwithstanding the fact that recordation of the Deed by which title
is conveyed to the Buyer will not be recorded until sometime thereafter (usually the next business day)."
2. The date to be considered as the date to be utilized by Escrow Holder for all applicable proration of the escrow
and to show on the final closing statements will be said deemed closed date, as determined in accordance with these
instructions referenced in Paragraph 1 above.
*****ALL OTHER TERMS AND CONDITIONS SHALL REMAIN THE SAME.*****
EACH OF THE UNDERSIGNED STATES THAT HE/SHE HAS READ THE FOREGOING INSTRUCTIONS AND
UNDERSTANDS THEM AND DOES HEREBY ACKNOWLEDGE RECEIPT OF A COPY OF THESE
INSTRUCTIONS. EACH OF THE UNDERSIGNED UNDERSTANDS THESE INSTRUCTIONS MAY BE EXECUTED
IN COUNTERPARTS, ALL OF WHICH WHEN TAKEN TOGETHER SHALL BE DEEMED TO BE THE
INSTRUMENT.
SELLERS:
City of er n, a body corporate and politic
Bruce . Malkenhorst, Jr.
Title: Acting City Clerk
BUYERS:
VERNON ELECTRO, LLC, a California limited liability
company
By: WALTERS WHOLESALE ELECTRIC CO., a California
corporation, Managing Member
By:
John L. Walter, President
TripleTek Enterprise Settlement System 4583 Amendmt.doc
HOLD HARMLESS "GAP -INDEMNITY"
WHEREAS NORTH AMERICAN TITLE COMPANY (HEREAFTER"NATCD HAS BEEN REQUESTED TO
ISSUE ITS POLICY OF TITLE INSURANCE NO. 6016770-62 IN THE AMOUNT(S) SET FORTH IN THE
RESPECTIVE PRELIMINARY REPORT(S) AND/OR COMMITMENT(S) IN FAVOR OF VERNON ELECTRO, LLC,
A CALIFORNIA LIMITED LIABILITY COMPANY AS MORE PARTICULARLY DESCRIBED IN THE ABOVE
IDENTIFIED ORDER(S).
AND WHEREAS NATC IS UNWILLING TO ISSUE SAID POLICY UNTIL THE CLOSING
INSTRUMENT(S) UNDER WHICH THE INSURED ACQUIRES AN INTEREST IN SAID REAL PROPERTY
IS/ARE FILED FOR RECORD IN THE APPROPRIATE REGISTRY IN LOS ANGELES COUNTY.
AND WHEREAS THE PARTIES TO THE TRANSACTION HAVE REQUESTED NATC TO PROVIDE A
SO-CALLED "NEW YORK STYLE CLOSING" WHICH PROVIDES FOR THE UNCONDITIONAL DELIVERY OF
THE CLOSING INSTRUMENT(S) BETWEEN THE PARTIES AND THE PASSING OF CONSIDERATION
THEREFOR.
NOW THEREFORE IT IS AGREED THAT IN CONSIDERATION OF NATC ISSUING ITS POLICY
WITHOUT MAKING EXCEPTION THEREIN OF MATTERS WHICH MAY ARISE BETWEEN THE MOST
RECENT EFFECTIVE DATE OF THE TITLE PRELIMINARY REPORT AND/OR COMMITMENT AND THE DATE
THE DOCUMENTS CREATING THE INTEREST BEING INSURED HAVE BEEN FILED FOR RECORD AND
WHICH MATTERS MAY CONSTITUTE AN ENCUMBRANCE ON OR AFFECT SAID DISPOSE OF ANY
ENCUMBRANCE, LIEN OR OBJECTIONABLE MATTER TO TITLE WHICH MAY ARISE OR BE FILED, AS THE
CASE MAY BE, AGAINST OR HAVING AN AFFECT UPON THE CAPTIONED PREMISES DURING THE
PERIOD OF TIME BETWEEN THE MOST RECENT EFFECTIVE DATE OF THE TITLE PRELIMINARY REPORT
AND/OR COMMITMENT AND DATE OF RECORDING OF ALL CLOSING INSTRUMENTS, AND TO HOLD
HARMLESS AND INDEMNIFY NATC AGAINST" ALL EXPENSES, COSTS AND ATTORNEYS FEES WHICH MAY
ARISE OUT OF OUR FAILURE TO SO REMOVE, BOND OR OTHERWISE DISPOSE OF ANY SAID LIENS,
ENCUMBRANCES OR OBJECTIONABLE MATTERS.
TITLE ORDER NO.: 6016770-62
DATE: NOVEMBER 6, 2006
INDEMNITOR:
THE CITY OF VERNON, A BOGY CORPOR4 rEAND POLITIC
BY:
BRUCE V. MALKENHORST, JR.
11/07/2006 16:31 FAX 323 826 1438 CITY CLERK'S OFFICE
x� �c TX REPORT
0 001
TRANSMISSION OK
TX/RX NO
4785
CONNECTION TEL
713107891492
SUBADDRESS
CONNECTION ID
ST. TIME
11/07 16:30
USAGE T
01'22
PGS. SENT
4
RESULT
OK
4305 Santa Fe Avenue
Vemon, CA 90058
Phone: 323/583-8811
Fax 323/826-1438
Fax
Tog Sandra Sion From: Kristen Enomoto for Jeff Harrison
Company:
Fax: 3101789-1492 Date: November 7, 2006
Phone: Pages: 4, including cover
Re: Walters Wholesale Property Documents CC:
❑ Urgent ❑ For Review ❑ Please Comment ❑ Please Reply ❑ Please Recycle
-Comments:
Y
CITY COUNCIL
LEONIS C. MALBURG
Mayor
THOMAS A. YBARRA
Mayor Pro-Tem
WM. "BILL" DAVIS
Councilman
H. "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
November 7, 2006
E 5
4305 Santa Fe Avenue, Vernon, California 90058
telephone (323) 583-8811
Via Facsimile & Federal Express
Ms. Sandra Slon
Troy & Gould
1801 Century Park East, 16th Floor
Los Angeles, CA 90067-2367
Re: Assignment and Assumption Agreement
(Walters Wholesale Electric/Vernon Electro)
Dear Ms. Slon:
SOL BENUDIZ
Police Chief
MARK C. WHITWORTH
Acting Fire Chief
LEWIS J. POZZEBON
Director of Environmental Health
S. KEVIN WILSON
Director of Community Services
SHARON L. DUCKWORTH
Acting City Treasurer
Transmitted herewith are two original agreements, referenced above,
that have been executed by the City. Said agreement was approved by
City Council on October 18, 2006, through Resolution No. 9154. Please
forward both original agreements to the appropriate person(s) for
execution and return one fully executed original agreement to this
office.
If you have any questions regarding this matter, please call Mr. Jeff
Harrison, at (323) 583-8811 ext. 171.
Very truly yours,
el G' n
Deputy City Clerk
NG/ke
cc: Resolution No. 9154
Agreement File No. 06-12`0
'exctuglucly lubotriu(
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement") is
made as of November 1, 2006 by and between the City of Vernon, a body corporate and politic
(the "City"), Walters Wholesale Electric Co., a California corporation ("Assignor"), and Vernon
Electro, LLC, a California limited liability company ("Assignee"), based on the following facts:
A. Assignor and the City entered into that certain Agreement of Purchase and Sale
and Escrow Instructions dated June 30, 2006, as amended (the "City Agreement"), pursuant to
which the City agreed to sell, and Assignor agreed to purchase, that certain real property located
at 3375 E. Slauson Avenue, Vernon, California (the "Property").
B. Assignor and Assignee desire that Assignor assign to Assignee and Assignee
assume from Assignor all of Assignor's rights and obligations under the City Agreement to
purchase the Property, together with all of Assignor's other rights and obligations with respect
thereto.
C. The City consents to the assignment from Assignor to Assignee on the terms and
conditions set forth below.
D. Initially capitalized terms used herein without definition shall have the meaning
ascribed to them in the City Agreement.
The parties hereby agree as follows:
1. Assignment and Assumption. Assignor hereby assigns to Assignee, and
Assignee hereby assumes from Assignor, all of Assignor's rights and obligations to purchase the
Property pursuant to, subject to and in accordance with the terms and conditions of the City
Agreement. Assignee hereby assumes and agrees to be bound by and to perform and observe,
for the benefit of the City, all of the obligations, indemnities, releases, and covenants of the City
Agreement.
2. No Release. Notwithstanding this Assignment, nothing contained herein shall
release Assignor from the obligations, indemnities, releases, and covenants of Buyer under the
City Agreement.
3. Counterparts and Facsimile. This Agreement may be executed in any number
of counterparts, each of which is an original and all of which are one instrument with the same
effect as if all parties had signed the same signature page. Documents exchanged by facsimile
shall be binding on the parties.
01910/0032 145795.1
Approved as to Form:
By:
Eric T. Fresch, - ity Attorney
THE CITY OF VERNON, a body corporate and politic
By Malbur a or
ones g, y
Z
Attest:
Bruce alkenhorst, Jr.
Acting 1ty Clerk
WALTERS WHOLESALE ELECTRIC CO.,
A California corporation
By:
John L. Walter, President
VERNON ELECTRO, LLC, a California limited liability
company
By: WALTERS WHOLESALE ELECTRIC CO.
a California corporation
Its: Managing Member
RV -
John L. Walter, President
2
01910/0032 145795.1
II/Al ri zuun In 1n VAA AZA 8Zo 14a8
U111 t.l.AxA a urrtuh
TX REPORT
WJU01
TRANSMISSION OK
TX/RX NO
4784
CONNECTION TEL
713107891492
SUBADDRESS
CONNECTION ID
ST.'TIME
11/07 16:10
USAGE T
05'52
PGS. SENT
4
RESULT
OK
4305 Santa Fe Avenue
Vemon, CA 90058
Phone:3z&%3.8611
Fax 3231M-1438
FEU(
City of
Vernon
City Administration
To: Sandra Slon From: Kristen Enomoto for Jeff Harrison
Company:
Fam 3101789-1492 Dater November 7, 2006
Phone: Page= 4, including cover
Assignment & Assumpdon Agreement
Re: for 3375 East Slauson Avenue CC:
❑ Urgent ❑ For Review ❑ Please Comment ❑ Please Reply D Please Recycle
•Comments: