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<br /> <br /> <br />Rev. 0002 <br />_____|_____ <br />Buyer Seller <br />Initial Initial <br />2 <br /> <br /> <br /> <br />SALES AND INSTALLATION CONTRACT <br /> <br /> THIS AGREEMENT, made this 15th day of January, 2020 between City of New <br />Brighton, (‘Buyer’), 700 5th Street NW, New Brighton, MN 55112, , and Legacy <br />Building Solutions, Inc. (‘Seller’), 19500 County Road 142, South Haven, MN 55382, a <br />Minnesota corporation. <br /> <br />AGREEMENT <br />IN CONSIDERATION of the mutual covenants contained in this Agreement the parties <br />agree as follows: <br />1. SALE OF PRODUCT AND SERVICES. Seller agrees to sell, and Buyer <br />agrees to purchase products (the “Product”) and services necessary to install the <br />Product (the “Work”) listed on the attached Scope of Supply/Contract Proposal, <br />which is included as Exhibit “A.” <br />2. SITE The location for the installation of the Legacy Building Solutions, Inc. <br />Product is 700 5th Street, New Brighton MN 55112 (the “Site”). <br />3. CONTRACT PRICE. Seller agrees to sell and install the Product to the Buyer <br />for a total price of $ 123,819.00 (the “Purchase Price”). <br />4. PAYMENT TERMS. Buyer shall pay Seller the Purchase Price as follows: <br />a) A down Payment of 40% ($49,527.00) on or before 1/31/2020. <br />b) Periodic Payments of: <br /> 40% upon Delivery of Material ($49,527.00) <br /> Remaining balance upon substantial completion ($24,765.00) <br />c) If Buyer requests, or causes, the delay of material shipment to site, storage <br />charges of $200-per-day-per-truckload will start to accrue two weeks after Buyer <br />is notified that materials are ready to ship. The storage charges will accrue per- <br />load until the day each load is delivered to site. <br />d) If Buyer requests, or causes, the delay of material shipment to site, all Periodic <br />Payments up to, and including, payments due upon material delivery will be due