HomeMy WebLinkAboutA5046 - JOHN KENNEDY TRUST GIFT AGREEMENT THE SYMPATICO BRONZE SCULPTURE ARTIST MISHLER JR, cl eUUo INS 1L.21 ro UIIY U, r, LM bekliwo FAA NU. 100 6c1 John Kennedy Trust
Gift Agr The Sympatico
AGREEMENT#5046
MO 7641, 3-2-05
GIFT AGREEMENT
'1 hi3 Gifts greonient("Agreement") is made;as of 2 m/� �_ _2005, by and between The
John Karnnedy'rrust, ("Oonor )whose address is 73151 LI Paseo Suite C, Palm Desert,
t7alifon^iif, 02260, and the CITY OF PALM SPRINGS, a municipal corporation.
KNOW ALL MEN BY'l-IESF". PRESENTS;
[),roof does hereby irrevocably and unconditionally gift, transfer, assign, convey and deliver,
free of encumbrance, unto ilia City of Palm Springs, its successors and assigns, absolute and
unrar'Iditlonal ownership in all that certain property described as follows(the "Property"):
PI otierly IDr sceipiiow
(Irndudo artwork title, artist, completion date, description and location of artwork if item is nor physically
daliw, "J to(lly,)
AltisL; John Kennedy
'➢-[lire of Arlwork; Me Synrpatico
Dtrstaii)lion: Hronze sculpture consisting of two separate pieces each 60" x 48" x 18",
Edition No, 1-Artist Proof
Stone bench included as part of the gift
Collipletion: Dale:01.20-95
V".4kw: $65,000 Market Value submitted by Coda Gallery
Tlio :artWork shalt he placed at a site which allows sufficient space for safe enjoyment with
ni-Troval or the Palrri Springs Cify Council, Planning Department and Public Arts Commission.
Arcr-pfance of this sculpture shall be with no cost to the City of Palm Springs. Funding for site
prepafation and installation shall come from the Public Arts Funds,
To have; eirid to hold all such Property unto the City of Palm Springs, its successors and assigns
fon Ve r�
Dorloi, Wro;by represents and warrants to the City of Palm Springs that Donor owns
uri«Tx:umtrerert title to the Property and has the right, title and authority to gift and convey the
Properly to the City of Palrn Springs by this Agreement. Donor hereby assigns, transfers and
("griveys to tiie City of Palm Springs all warranties, indemnities, agreements, covenants and
chaines;. In artfon ownpit by Donor'with respect to the Property or which were obtained from the
rarfisf. irr rolotion to the Property. Donor hereby transfers, conveys and assigns to the City of
Praha Springs that right to make graphic reproductions and photographs or other renderings of
the Property,for both commercial and non-commercial purposes.
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IN VVIINFSS WHEREOF, Donor has executed this Agreement as of the date first above
wl"11I�^s'I,
SI(MA'i URE Of' 00NOR:__,,_ _.
4llt£,NAT'UR Of" DONC)R.—__.�__�
(if Illp Donor Is married and the Property, or any portion thereof, is community property,
ti3,s s ii;lra:atuarr•s of both spouses are required.)
ACCEPTANCE
Th,--Cdir(if Palen Springs hereby accepts the Properly pursuant to the foregoing gift.
ATTEST: CITY OF PALM SPRINGS
ity Cleric ��99 E`Y
Al;pruvi el as to for'm:.._.,__�` i.r �t_
city Atorney - m
'Wo gift to the City of Palm Springs may be deductible in accordance with the provisions of
appiick)Wo fedi'tral arui slate Income tax laws. However, the City of Palm Springs will not
provide or ossurnrz responsibility for any tax consequences resulting from the foregoing transfer
of Ih[; Property, nor will the City of Palm Springs provide or assume responsibility for appraisals
for tlzx 6aduction pl'otfler purposes
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