HomeMy WebLinkAboutResolution - 2008-R0051 - Assignment Of Contract - Basic IDIQ Inc. From Basic Industries Inc. - 02_14_2008Resolution No. 2008-R0051
February 14, 2008
Item No. 5.16
RF,SOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to
execute for and on behalf of the City of Lubbock an Assignment of the City of Lubbock's
Contract executed September 28, 2006, with Basic Industries, Inc., of Midland, Texas, for
minor construction, repair, rehabilitation and alteration of City facilities to Basic IDIQ,
Inc., of Houston, Texas, and any associated documents, a copy of which Assignment of
Contract is attached hereto and which shall be spread upon the minutes of this Council
and as spread upon the minutes of this Council shall constitute and be a part hereof as if
fully copied herein in detail.
Passed by the City Council this 14th day of February , 2008.
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ATTEST:
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Reb cca Garza, City Secretf
APPROVED AS TO CONTENT:
Mf YearWood
Assistant City Manager/Chief Information Officer
APPROVED AS TO FORM:
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Donald G. VaRiver, Atforney of
D Dres/Assignment-BasicIndCon08Res
February 6, 2008
Resolution No. 2008-R0051
ASSIGNMENT OF CONTRACT
FOR VALUABLE consideration, receipt and sufficiency of which is acknowledged, the
undersigned, BASIC INDUSTRIES, INC. ("CONTRACTOR"), hereby sells, assigns and
transfers all of its' right, title and interest in that certain construction Contract, No. 7086, with
THE CITY OF LUBBOCK, TEXAS (the "CITY"), to BASIC IDIQ, INC.("ASSIGNEE"), its'
successor corporation.
DATED: February S, 2008.
CONTRACTOR:
BASIC I USTRIES, PAC.
BY: 116496&)
Kelvin Collard, CFO
ACCEPTANCE OF ASSIGNMENT
The undersigned, BASIC IDIQ, INC., successor in interest to BASIC INDUSTRIES, INC.,
hereby accepts the foregoing assignment and agrees to be bound by the terms and conditions of
the Contract referenced therein.
DATED: February, , 2008.
ASSIGNEE:
BASIC- DI�Q, IN i
BY: i' C
Barrick, President
CONSENT TO ASSIGNMENT
The undersigned, CITY, hereby consents to the foregoing assignment and agrees to substitute
BASIC IDIQ, INC. (EIN: 14-2001530) for BASIC INDUSTRIES, INC. as the named
CONTRACTOR under the referenced Contracts.
DATED: February 14, 2008.
CITY:
CITY OF LUBBOCK TEXAS
DAVID A. MILLER, MAYOR
ATTEST:
City cretary
APPROVED AS TO CONTENT:
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