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1 <br /> <br />2 <br /> <br />3 <br /> <br />4 <br /> <br />5 <br /> <br />6 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br /> 11 <br /> <br />12 <br /> <br />13 <br /> <br />14 <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />ASSIGNMENT OF AGREEMENT <br />(Parking Management Services for the City of Riverside) <br />(AM PCO System Parking) <br /> <br /> THIS ASSIGNMENT OF AGREEMENT FOR PARKING MANAGEMENT SERVICES is <br /> <br />made and entered into this 31 st day of ~4ay ,2002, by and between the <br /> <br />REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, a public entity, hereinafter <br />referred to as "Agency," and CITY OF RIVERSIDE, a municipal corporation, hereinafter referred to <br />as "City" who mutually agree as follows: <br /> <br /> A. Agency and AMPCO SYSTEM PARKING, a California corporation hereinafter referred <br />to as "Parking Manager" entered into that certain Agreement for Parking Management Services <br />dated July 24, 2001, hcreinafter referred to as "Agreement," wherein Agency retained Parking <br />Manager to provide facilities management services for the City parking facilities for a two-year tcrm <br />commencing July 24, 2001 and expiring on June 30, 2003. <br /> <br /> B. On December 18, 2001, the City Council of the City of Riverside took action to approve <br />and transfer the management and operation of the City parking facilities from Agency to City of <br />Riverside ("City") as part of the reorganization of the public parking operation. <br /> <br /> C. Agency now wishes to assign the Agreement as City is now responsible for the <br />management and operation of all public parking facilities located within the City as a result of the <br />reorganization of the public parking operations. <br /> <br /> D. Agency has agreed to assign the Agreement to the City and City has agreed to consent to <br />such assignment. <br /> <br /> NOW, THEREFORE, the parties hereto mutually agree as follows: <br /> <br /> 1. Agency hereby assigns, transfers, conveys and delivers all of Agency's rights and interests <br />in the Agreement dated July 24, 2001 to City. Agency further delegates all obligations and duties <br />under the Agreement to City as of the effective as of May 21, 2002. <br /> <br /> 2. City hereby agrees to and does accept the assignment of the rights and interests in and the <br />obligations and duties of Assignor under the Agreement as of May 21,2002. <br /> <br />City Attorney's Office <br />3900Main Street <br />Riverside, CA 92522 <br />(909) 826-5567 <br /> <br /> <br />