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Home My WebLink AboutDAVIDSON - CONTRACT - LEASE PURCHASE AGREEMENT - CHEVY TRAILBLAZER 2003Amendment and additions to Non -maintenance Lease Agreements for Vehicles Leased by the City of Fort Collins (Lessor) Nick Davidson, Inc., 1604 N. Lincoln, Loveland, CO 80538 (Lessee) City of Fort Collins, 835 Wood St., Fort Collins, CO 80521 Amendment to paragraph 31 (b) as follows: Premature Termination Liability — Closed -end Lease: In the event of premature termination of a closed -end lease because the leased vehicle is no longer suitable for intended operations (police undercover work), the lessor and lessee shall negotiate a lease on a similar replacement vehicle. The original vehicle shall be sold in a commercially reasonable manner acceptable to both lessor and lessee. Lessee liability shall be limited to actual losses and reasonable costs incurred by the lessor in terminating the first lease and beginning the second. In the event the lessee elects not to obtain a replacement vehicle then the terms of the original paragraph 31 (b) applies. Addition to above lease agreement: Lessee reasonably believes that it will have a need for the Equipment for the duration of this Lease. Lessee will seek funding for this lease each year as part of its Budget process. If rent needed to continue the leasing of the Equipment for any ensuring Renewal Term is not appropriated for such purpose, Lessee may terminate this Lease at the end of the Original Term or Renewal Term then in effect without penalty. Lessee will notify Lessor at least thirty (30) days prior to the expiration of the Original or any Renewal Term if sums are not available for the payments required under this lease by reason of non -appropriation or non -availability as set forth above. Lessor and Lessee understand and intend that the obligation of Lessee to pay rent under the Lease shall constitute only a current expense of Lessee and shall not in any way be construed to be a direct or indirect debt or a multiple fiscal year financial obligation of Lessee in contravention of any applicable constitutional chart or statutory requirements concerning the creation of indebtedness by Lessee. Make eJA01'Model //6yililineyt Yearoqbo3. VIN: /6 1EZ-1 o S(o _34242 8a 9V Lessee: City of Fort Collins j Q by V�"` Date: r lq L NON -MAINTENANCE LEASE AGREEMENT whom address is ama s to address ie address whose and L..... (meaning all undersigned Irises, lolmy and severally) agrees to oure from Lessor, Subject to the terms set forth below and upon the reroute Bide hereof, thefp airrg described mmm vehicle, machmeme and accessories,dmNery and acceptance of which is hereby acknowledged in good order by Lesm, for a term of months, commencing on the date of exaction of this lease as shown below. Car Tnak Yer Mab // Model Eolo//r Vehicle Metdlwolian NO. I I I I ev? PLJ7C/- E / Dmribe maim hems of asdidene Mutymew VEHICLE USE: Lessee nMesentethmthis lsatel wderedintoprimarily,br (,hack anal M Personal, famiy, household B.smasamcon, mc, TYPE OF LEASE: Rear to TERMINATION&DEFAULT Provisions on revenue eke use or amkuhunl nee; (check one)➢Q Closed -End; ❑Open -End LESSEE LIABILITY DISCLOSURE: (Must he Completed If this is an open-end lease( 1. ORIGINAL VALUE OF VEHICLE ....... .................. ._.................. ........ ........... ........................................................ ............................... 2. CASH DOWN PAYMENT Credited Against Original Val.. (Prepaid Depreckdon) 1 i ....................._...................................................... Premk Depreciation) (Complain for boon BNn aw den and ha us)............ S. NET TRADE-IN Creased!EIftam itemValue 2 N NA 3 S I.NET 1 lose 2 and VALUENVAL EO Nema2aw 3)................................................................................. A S 5. AGREED eom oust r m the ml0inaly aheduhd term bl this rem. The agreed depre- DEPRECIATION VALUE OFVENIed WON ciated value of theoehkk will he compared tithe nee amount reubad from the ads of the returned vehicle a wholesale upon to establish the amount d AL LE deficiency TERMINATION in The MAXIMUM LESSEE LIABILITY for deficiency shall Iesu estatermblished be established In accordance with the NORMAL LEASE TERMINATION provisions on the reverse In side. the went of defend or premiums lease termination the MAXIMUM LESSEE LIABILITY shall be determined in accordance with the DEFAULT or PRE. MATURE LEASE TERMINATION provisions on the reverse side ...................... ............. .............. ................... _...... .......................... ��y� 5 ISS&. __ AMOUNTS. TOTAL MONTHLY RENTALS FOR THE RILL LEASE TERM TO B.. CREDITED AGAINST ORIGINAL VALUE (De- Included IFIXED G. TOTALIon MIOUNTOFFIXEDWRNYRn Flood FNfALSNMTRental OBEC7EDITEDAGAINSTGRIes—Iftern 4 has hem GWkVAUEUlam7AkmlYm.......................................... S S �9u3 SUMMARY OF MONTHLY CHARGES Total of Month Charoy n fat Leaa Chineseh 7. FIXED MONTHLY RENTAL CHARGES.................................................................................................... 7A It S. SALES OR USE TAX ] $ J '1.500 5, ............................................................................................................................... SAS S. BODILY INIURYAND PROPERTY DAMAGE INSUIIANCE CHARGES .................... ........ .........._....... ...... BA 11 10.PHYSICAL DAMAGE INSURANCE CHARGES(Callisim and ComprohmeNs)........................................ 10A S A 11.OTHER CHARGES (describe) S S . p i 10 B ESE .....................................7,8...................11)............................................. 11A B 12.TOTAL MONTHLY RENTAL PAYMENT (sum m hems 7, S, 8, 10, and 111 11 S ............................................. 12A S an 12 S. _Ij;Q4 00 CASH DUE UPON DELIVERY Cash Dee Ulm D•Mn iS.TOTAL MONTHLY RENTAL PAYMENT (For lea momh�ame an Item l2)..........._......................... ....._............................._....................15 i U.OEPOSIT&: LEASE SECURITY: 14A5_�INSURANCE: 10B5—........................................................................................ 16.INITIAL TITLE.LICENSE. AND REGISTRATION FEES 1a S ..................................................................................................................................16 16.CASH DOWN PAYMENT(if any- sas Nem 2)......................................................................................................................................15 S $ 17.SAtFS OR USE TAX (H levied upon Cash Down Payments, Trade -In or Vehkkl..........................................................................................17 D 1a.TOTAL CASH CHARGES DIM UPON DELIVERY (sum m Items 13,14,15,16, and 171--................................................................._.1B S TOTAL LESSEE CHARGES FOR LEASE TERM Cheryn IN IILTOTAL AMOUNT OF PAYMENTS TO BE MADE BY LESSEE (sum of items 3,12A, 15,16, and 17) EXCLUSIVE OF SECURITY DEPOSIT AND ANY TERMINATION LIABILITY OR EXCESS MILEAGE CHARGE WHICH ARE DESCRIBED SEPARATELY Lease Tom AND SUBSEOU ICENSE AND NEGUSTRATION FEES WHICH ARE BILLED SEPARATELY ANNUALLY.. ................................... 1s B YO.FX6Ero MIga chaCHfor exo elease gI Chat riperesdrive mel ontheasmanyes mil es during thefull termoftonelose wehomtloorexceeivemil m be mllmge.lnthemntmprematuneaeetermimtionthanumbmmm the Loans will beentNa mtldvewnhomincuning will adi mMehN lease rm represented bytM numbermmonthatha rem wesIn bYthenac im rufmonthsthal be datmminedn prtoomm Ne milu1 oo Th. thefulllueekrmd for pNortepdalla eterminaHon. The Leues be billed farmccsabe felect will excessys mlkaeonion mllespe eta meof per mik for each mik driven In excess mihe milupe herein agowed. came INITIAL DESCRIPTION OF INSURANCE COVERAGE OBTAINED BY LESSEE HERE ❑Lesson affirms that a his awn mpuse Leuu hasobtainedco era insurance Luse coverage independently ul the Lear which meats the insurance and that Lesmaoses to mountain such coverage at Luw't requirement. an the herein o��^^yy��xpame for the full term of the loess. the insurance the Lauee'a mlicyfAl are as follows: 5PI F'/NSGr�'/ cove ages coverages provided by Bodily lniury, ew Proaarry Damage: wurepe Limb r r Polity No. Name of Insurance Carrier.Insurance Amnd Colllelan: Deductible Am. CommehensivT Dedumime Amt. Poll, No. Name of Insurance Carrier enact INITIAL Lessee requests that the Lessor attempt to Procure for the Lesson inouran,e ewerane which well Provide for the eeveren. Ilmh. and