Common use of Purpose and Process Clause in Contracts

Purpose and Process. The purpose of this Memorandum of Understanding (MOU) is for the purchase, receipt, installation, maintenance service and payment of five (5) bicycle storage units and five (5) bicycle locks located at Community Transit’s Ash Way and Swamp Creek Park and Ride Transit Facilities, located respectively at, ▇▇▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ ▇▇. ▇▇, ▇▇▇▇▇▇▇▇. Community Transit agrees to (1) conduct the procurement process in accordance with Community Transit’s, City of Lynnwood and the Verdant grant procurement processes, following the most restrictive process, (2) obtain the City’s approval prior to initiating the order, (3) issue the order and receive the goods, (4) provide, at no cost to the City, the installation and maintenance service for the Ash Way and Swamp Creek Park and Ride bicycle storage units and bicycle locks for a minimum of 5 years, during the life of this contract, the bicycle storage and locks may be temporarily or permanently relocated to a suitable location within Verdant’s Health District Boundaries. The City agrees to: (1) upon completion of the purchase, receipt, installation and final approval by the City, contribute an amount, not to exceed $15,000, of funding through the Verdant grant to the project.