HomeMy WebLinkAbout471898 YAMAHA MOTOR CORPORATION - CONTRACT - BID - 7101 GOLF CARTS - 2010 PHASE 2J
Commercial Customer Finance
MUNICIPAL MASTER LEASE AGREEMENT
MODIFIED
3-31-10 - SS
Page 1 of 4 MLSE0906
OYAMAHA
MOTOR CORPORATION, U.S.A.
MODIFIED
MASTER LEASE AGREEMENT (the "Lease") dated March 25, 2010 between YAMAHA MOTOR CORPORATION, U.S.A., having its
principal place of business at 6555 Katella Avenue, Cypress, California 90630 ("Lessor'), and CITY OF FORT COLLINS having
its principal office at PO BOX 580. FORT COLLINS, CO 80522 ("Lessee").
Lessor and Lessee hereby agree as follows:
1. Lease of Equipment. Lessor leases to Lessee the equipment described on each attached Equipment Schedule (the "Equipment"), on
the terms and conditions of this Lease and the applicable Equipment Schedule attached hereto.
2. Term. The term of this lease for the Equipment described on a particular Equipment Schedule shall commence on the date set forth on
the Equipment Schedule and shall continue for the number of months indicated on the Equipment Schedule. .
3. Rent. Lessee shall pay Lessor rent for the Equipment ("Rent") in the amounts and at the times set forth on the applicable Equipment
Schedule. The amount of the Rent has been determined by amortizing the purchase price of the applicable Equipment (using the prices
quoted in the Request for Proposal identified on the applicable Equipment Schedule ("RFP"), together with an interest factor at the rate
specified in the applicable Equipment Schedule. Whenever any payment hereunder is not made when due, Lessee shall pay interest on such
amount from the due date thereof to the date of such payment at the lower of Lessors then prevailing rate for late payments specified in
Lessors invoice to Lessee for such payment or the maximum allowable rate of interest permitted by the law of the state where the Equipment
is located.
4. Selection. Delivery, and Acceptance. Lessee shall select the Equipment and take delivery thereof directly from Lessor or an authorized
dealer of Lessor (the "Dealer"). All costs of delivery are the sole responsibility of Lessee. Lessor shall not be liable for any loss or damage
resulting from the delay or failure to have any Equipment available for delivery. Lessee shall inspect the Equipment to determine that the
Equipment is as ordered and has been equipped and prepared in accordance with the RFP and any prior instructions given in writing by
Lessee to Lessor or Dealer. Lessee shall accept the Equipment if it meets the criteria set forth in the preceding sentence and shall execute
and deliver to Lessor or Dealer a Certificate of Acceptance, in form and substance satisfactory to Lessor, with respect to each shipment of
Equipment. For all purposes of this Lease, acceptance is conclusively established by Lessee's execution and deliver of a Certificate of
Acceptance provided by Lessor. Lessee authorizes Lessor to insert in each Equipment Schedule the serial numbers and other identifying
date of the Equipment.
5. Location and Insoection. Lessee shall not move the Equipment from the locations specified in the applicable Equipment Schedule
without Lessor's prior written consent. Upon reasonable notice to Lessee, Lessor and its representatives shall have the right from time to
time during business hours to enter upon the premises where the Equipment is located to inspect the Equipment and Lessee's records to
confirm Lessee's compliance with this Lease.
6. Care. Use and Maintenance. Lessee shall, at its expense, at all times during the term of this Lease, keep the Equipment clean,
serviced, and maintained in good operating order, repair, condition, and appearance in accordance with Lessors manuals and other
instructions received in writing from Lessor. Lessee will not use or operate the Equipment, or permit the Equipment to be used or operated,
in violation of any law. ordinance or governmental regulations. The Equipment will be used and operated only as golf cars. Lessee shall
safely store the Equipment when not in use and properly secure it at night and such other times when the golf course on which the Equipment
Is used is closed to play, and Lessee shall be solely responsible for such storage and safekeeping. If the Equipment is electriral. Lessee
shall provide sufficient and adequate electrical charging outlets and water facilities for the batteries which are a part of the Equipment.
7. Insurance. Effective upon delivery of the Equipment to Lessee and until the Equipment is returned to Lessor as provided herein,
Lessee relieves Lessor of responsibility for all risk of physical damage to or casualty loss or destruction of all the Equipment, howsoever
caused. During the continuance of this Master Lease, Lessee shall at its own expense, cause to be carried and maintained with respect to
each item of Equipment designated in each Equipment Schedule public liability insurance in an amount of not less then $1.000,000, and
casualty insurance, in each case in amounts and against risk customarily insured against Lessee in similar equipment and, in amounts and
against risk acceptable to Lessor. All policies with respect to such insurance shall name Lessor as additional insured and as loss payee, and
shall provide for at least thirty (30) days' prior written notice by the underwriter or insurance company to Lessor in the event of cancellation or
expiration of any such policies. Lessee shall, upon request of Lessor, furnish appropriate evidence of such insurance to Lessor. Lessee shall
bear the entire risk of loss, theft, destruction or damage to the Equipment from any cause whatsoever and shall not be relieved of the
obligation to pay the total of the monthly payments or any other obligation hereunder because of any such occurrence. In the event of
damage to any item of Equipment leased hereunder, Lessee, at its sole expense, shall immediately place the same in good repair and
operating condition. In no event shall Lessor be liable for any loss of profit, damage, loss, defect or failure of any item of Equipment or the
time which may be required to recover, repair, service, or replace the item of Equipment.
8. Storage. Lessee shall store the Equipment in such a manner as to prevent theft or damage from weather and vandalism.
9. Title. Title to the Equipment shall at all times remain with the Lessor. Lessee acquires only the interests of Lessee expressly described
in this Lease and the applicable Equipment Schedule attached hereto. Lessee shall not remove, move, or cover over in any manner any
serial number on the Equipment. Lessee shall keep all Equipment free from any marking or labeling which might be interpreted as a claim of
ownership thereof by Lessee or any party other than Lessor or anyone so claiming through Lessor.
10. Warranties. The Equipment is warranted only in accordance with the manufacturers warranty. EXCEPT AS EXPRESSLY PROVIDED
IN THE MANUFACTURER'S WARRANTY, LESSOR DISCLAIMS ANY OTHER WARRANTY, EXPRESSED OR IMPLIED, INCLUDING,
WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-
INTERFERENCE.
Page 2 of 4 MLSE0906
11. Alterations and Attachments. Lessee may, with Lessor's prior written consent, make such cosmetic modifications to the Equipment as
Lessee may deem desirable in the conduct of its business; provided, however, that such alterations shall not diminish the value or utility of
the Equipment, or cause the loss of any warranty thereon or any certification necessary for the maintenance thereof; and provided, further,
that such modification shall be removable without causing damage to the Equipment. Upon return of the Equipment to Lessor, Lessee shall,
if Lessor so elects, remove such modifications which have been made and shall restore the Equipment to its original condition, normal wear
and tear and depreciation excepted.
12. Taxes. . In the e_�Ve_nt that any sush tax be LeSSOF du�is@ the teFm of 1his Lease, Lessee shall pay to Les5eF a
Lessee shall collect and remit any and all
sales, use, and other taxes payable in any state, county, or city in respect of the rental or other use of the Equipment by Lessee.
13. Indemnity; Notice of Claim. TO THE EXTENT PERMITTED BY LAW, Lessee shall be liable for, and hereby indemnifies Lessor and
holds Lessor harmless from and against, any and all claims, costs, expenses, damages, losses, and liabilities (including, with limitation,
attorneys' fees and disbursements) arising in any way from the gross negligence or misconduct of Lessee or Lessee's agents and
independent contractors, or their respective employees. Lessee shall give Lessor prompt written notice of any claim arising out of the
possession, leasing, renting, operation, control, use, storage, or disposition of the Equipment. It is understood and agreed that with respect
to any claim or liability hereby indemnified against, Lessee shall be entitled to control the defense thereof, so long as Lessee is not in default
hereunder.
14. Return of Equipment. Upon the termination of an Equipment Schedule for any reason, unless Lessee is thereupon purchasing the
Equipment from Lessor, Lessee shall make the Equipment available for inspection and pick up by Lessor or Dealer at Lessee's location at
which the Equipment was used hereunder. The Equipment shall be returned to Lessor at the termination of this Lease in the same operating
order, repair, condition, and appearance as when received by Lessee, less normal depreciation and wear and tear (which shall not include
damaged or missing tires or wheels).
15. Defaults. The occurrence of any one or more of the following events shall constitute an "Event of Default" under this Lease:
(a) default by Lessee in the payment of any installment of rent or other charge payable by Lessee under any Equipment Schedule
as and when the same becomes due and payable; or
(b) default by Lessee in the performance of any other material term, covenant or condition of this Lease„ or
(c) A petition under the Bankruptcy Code or under any other insolvency law providing for the relief of debtors shall be filed by or
against Lessee; or
(d) The voluntary or involuntary making of any assignment of a substantial portion of its assets by Lessee for the benefit of
creditors shall occur: a receiver or trustee for Lessee or for Lessee's assets shall be appointed; any formal or informal
proceeding for dissolution, liquidation, settlement of claims against or winding up of the affairs of Lessee shall be commenced:
(e) Lessee shall default under any other lease or agreement between Lessee and Lessor or any of its assignees hereunder; or
16. Remedies. Upon the occurrence of an Event of Default, Lessor, at its option, may pursue any one or more of the following remedies,
provided notice of default is given by Lessor to Lessee by certified mail or overnight carrier and Lessee shall have at least thirty (30) days
after receipt of such notice within which to cure such default as specified in Paragraph 15 of this Lease. Any such remedy available to Lessor
hereunder may be pursued in such order or manner as Lessor determines, Each such remedy is cumulative and not exclusive of any other
remedy provided herein or under applicable law:
(a) terminate all or any portion of the Equipment Schedules to this Lease;
(b) with or without terminating this Lease, take possession of the Equipment, with or without judicial process, Lessee hereby
granting Lessor the right and license to enter upon Lessee's premises where the Equipment is located for such purpose;
(c) proceed by appropriate court action, either at law or in equity, to enforce performance by Lessee of the applicable covenants
and terms of this Lease, or to recover from Lessee any and all damages or expenses, including reasonable attorneys' fees,
which Lessor shall have sustained by reason of Lessee's default in any covenant or covenants of this Lease, or on account of
Lessor's enforcement of its remedies thereunder; without limiting any other damages to which Lessor may be entitled, Lessor
shall be entitled upon an Event of Default to damages in an amount equal to all Rent then due but unpaid, plus the aggregate
amount of Rent thereafter coming due for the remaining term of this Lease, plus Lessor's costs and expenses of pursuing its
remedies hereunder (including, without limitation, attorneys' fees), minus all amounts received by Lessor after using
reasonable efforts to sell or re -lease the Equipment after repossession or from any guaranty by the Dealer or any third -party;
and
(d) sell the Equipment or enter into a new lease of the Equipment. No delay by Lessor in pursuing any remedy shall be treated as
a waiver of or limitation on such remedy or any other remedy.
17. Assignment. Neither Lessee nor Lessor shall transfer, assign, or sublease (except for rentals to players as contemplated hereunder in
the ordinary course of business), or create, incur, assume, or permit to exist any security interest, lien, or other encumbrance on, the
Equipment, this Lease, or any interest of Lessee therein.
18. Lessee's Representations and Warranties. Lessee represents and warrants to Lessor that: (a) Lessee has the authority under
applicable law to enter into and perform this Lease and each Equipment Schedule hereto; (b) Lessee has taken all necessary action to
authorize its execution, delivery, and performance of this Lease and each Equipment Schedule hereto; (c) the Lease and each Equipment
Schedule and rider hereto have been duly executed and delivered by an authorized signatory of Lessee and constitute Lessee's legal, valid,
and binding obligations, enforceable in accordance with their terms; (d) adequate funds have been budgeted and appropriated to enable
Lessee to make all payments required under each Equipment Schedule to this Lease during the first twelve months of the term hereof.
19. Non -Appropriation of Funds. Lessee reasonably believes that it will have a need for the Equipment for the duration of the Lease Term
provided under a Lease and that funds will be available and appropriated to make all payments for the Lease Term provided under the Lease,
howeVbr, the availability of funds in future fiscal years is dependent upon appropriation of funds by Lessee's City Council, which appropriation
is entirely discretionary.
Page 3 of 4 MLSE0906
X
k
Lessee will seek funding each year as part of its Budget process. If funds intended for the continued leasing of the Equipment for any
ensuing fiscal period are not appropriated for such purpose, Lessee may terminate the Lease for which funds were not appropriated at the
end of the fiscal period then in effect for such Lease without penalty.
Lessee will notify Lessor at least thirty (30) days prior to the expiration of the fiscal period if funds are not available for the payments required
under a Lease by reason of nonappropriation of funds as set forth above. Upon termination of such Lease for non -appropriation, if Lessee
has not exercised the Option to Purchase, Lessor shall be entitled to take possession of the Equipment. Lessee shall prepare the equipment
for pickup by Lessor within a reasonable period of time following termination. This section is not intended to permit Lessee to terminate
the Lease in order to purchase, lease, rent or otherwise acquire other golf carts for rental to the golfing public and that the
Lessee will not so purchase, lease, rent or otherwise acquire any such golf carts during the fiscal period in which such termination
is effective
Lessor and Lessee understand and intend that the obligation of Lessee to pay rentals under the Lease shall constitute only a current expense
of Lessee and shall not constitute or give rise to a general obligation or other indebtedness of Lessee within the meaning of any constitutional
or statutory provision or limitation, nor a mandatory charge or requirement against Lessee in any ensuing fiscal year beyond the then current
fiscal year.
20. Binding Effect: Successors and Assigns. This lease and each Equipment Schedule and rider hereto shall be binding upon and shall
inure to the benefit of Lessor and Lessee and their respective successors and permitted assigns. All agreements and representations of
Lessee contained in this Lease or in any document delivered pursuant hereto or in connection herewith shall survive the execution and
delivery of this Lease and the expiration or other termination of this Lease.
21. Notices. Except as otherwise set forth herein, any notice, request or other communication to either party by the other shall be given in
writing and shall be deemed received only upon the earlier of receipt or three days after mailing if mailed postage prepaid by regular mail to
Lessor or Lessee, as the case may be, at the address for such party set forth in this agreement or at such changed address as may be
subsequently submitted by written notice of either party.
22. Governing Law. This Lease and each Equipment Schedule and rider hereto shall be governed by and construed in accordance with
the laws of the State where Lessee's principal administrative offices are located without giving effect to the conflicts of laws principles of such
state.
23. Severability. In the event any one or more of the provisions of this Lease or any Equipment Schedule or rider hereto shall for any
reason be prohibited or unenforceable in any jurisdiction, any such provision shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions hereof, any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction.
24. Signed Counterparts. The parties agree that this Lease may be signed in counterparts, that delivery of an executed counterpart of the
signature page to this Lease by fax, email or other electronic means shall be as effective as delivery of a manually executed counterpart, and
any failure to deliver the original manually executed counterpart sent by fax, email or other electronic means shall not affect the validity,
enforceability or binding effect of this Lease. Notwithstanding any other provision of this Lease, the sole original of this Lease shall be the
Lease bearing the manually executed signature of the Lessor. The Lessee, by making any payment required under this Lease rates all of
the terms of this Lease/Agreement.
25. Intentionally deleted.
26. Statute of Limitations. Any action by Lessee against Lessor or Dealer for any breach or default under this Lease must be commenced
within three (3) years after the cause of action accrues.
27. Entire Agreement. This Lease and all Equipment Schedules and riders hereto constitute the entire agreement between Lessor and
Lessee with respect to the subject matter hereof, and there are no agreements, representations, warranties, or understandings with respect to
such subject matter except as expressly set forth herein and therein. No alternation or modification of this Lease or any Equipment Schedule
or rider hereto shall be effective unless it is in writing and signed by Lessor and Lessee.
IN WITNESS WHEREOF, Lessor and Lessee have caused this Lease to be executed on the date first above written.
�-y2� i _ e-k uq--
To- sea
A4 f
YAMAHA MOTOR CORPORATION. U.S.A. as Lessor
By:
Print Name: Patrick Breene
Title: Senior Vice President
Page 4 of 4 MLSE0906
(Ov. A.MAHA
City of Fort Collins X
AMORTIZATION SCHEDULE FOR MUNICIPALITY
MUNICIPAL LEASE AGREEMENT
LESSEE: City of Fort Collins
EQUIPMENT SCHEDULE # 95950
Yield: 4.880%
Due
Mon # Date Pavment Interest
1
05/15/10
15,636.00
1,048.52
2
06/151, 0
0.00
999.43
3
07/15/10
0.00
1.003.36
4
08/15/10
15,636.00
1,007.30
5
09/15/10
0.00
958.05
6
10/15/10
0.00
961.82
7
11/15/10
15,636.00
965.59
8
12/15/10
0.00
916.18
9
01/15/11
0.00
919.78
10
02/15/11
15,636.00
923.39
11
03/15/11
0.00
873.82
12
04/15/11
0.00
877.25
13
05/15/11
15,636.00
880.70
14
06/15/11
0.00
830.95
15
07/15/11
0.00
834.22
16
08/15/11
15,636.00
837.49
17
09/15/11
0.00
787.58
18
10/15/11
0.00
790.67
19
11/15/11
15,636.00
793.78
20
12/15/11
0.00
743.69
21
01/15/12
0.00
746.61
22
02/15/12
15,636.00
749.55
23
03/15/12
0.00
699.29
24
04/15/12
0.00
702.03
25
05/15/12
15,636.00
704.79
26
06/15/12
0.00
654.35
27
07/15/12
0.00
656.92
28
08/15/12
15,636.00
659.51
29
09/15/12
0.00
608.89
30
10/15/12
0.00
611.28
31
11/15/12
15,636.00
613.68
32
12/15/12
0.00
562.89
33
01/15/13
0.00
565.10
34
02/15/13
15.636.00
567.32
35
03/15/13
0.00
516.35
36
0411.5/13
0.00
518.37
37
05/15/13
15,636.00
520.41
38
06/15/13
0.00
469.25
39
07/15/13
0.00
471.09
40
08/15/13
15,636.00
472.94
41
09/15/13
0.00
421.60
42
10/15/13
0.00
423.25
43
11 /15/13
15,636.00
424.92
44
12/15/13
0.00
373.38
45
01/15/14
0.00
374.85
46
02/15/14
15,636.00
376.32
47
03/15/14
0.00
324.59
48
04/15/14
0,00
325.87
Totals: 260,176.00 33,068.97
Initialed By. u v�
EXHIBIT A
EQUIPMENT SCHEDULE # 95950
Dated 03/25/2010
1. This Schedule covers the following property ('Equipment"):
76 YDRE GOLF CARS
2. Location of Equipment:
COLLINDALE GOLF COURSE
1441 E. HORSETOOTH ROAD
FORT COLLINS, CO 80525
3. The Lease term for the Equipment described herein shall commence on _ May 15, 2010 and shall
consist of 48 months from the first day of the month following said date.
4. Rental payments on the Equipment shall be in the following amounts, payable on the following schedule:
16 MONTHLY PAYMENTS IN THE AMOUNT OF $15,636.00 (APPLICABLE TAXES TO BE BILLED).
STARTING MAY 2010 AND ENDING FEBRUARY 2014. DUE THE 15TH DAY OF
THE MONTH AS FOLLOWS:
May-10 $15,636.00 Feb-11 $15,636.00 Feb-12 $15,636.00 Feb-13 $15,636.00 Feb-14 $15,636.00
Aug-10 $15,636.00 May-11 $15,636.00 May-12 $15,636.00 May-13 $15,636.00
Nov-10 $15,636.00 Aug-11 $15,636.00 Aug-12 $15,636.00 Aug-13 $15,636.00
Nov-11 $15,636.00 Nov-12 $15,636.00 Nov-13 $15,636.00
Interest Factor: 4.88 %
Other Terms:
Yamaha is not obligated to perform or provide any service, wider any circwnstances wider the terins of the lease
agreement. Service is the responsibility of the Lessee. Failure by Lessee to maintain or service the equipment consistent
with the terms of the Master Lease Agreement shall not relieve Lessee of the responsibilities under the Master Lease
Agreement.
Signed Counterparts: The parties agree that this Lease may be signed in counterparts, that delivery of an executed counterpart of the
signature page to this Lease by fax, email or other electronic means shall be as effective as delivery of a manually executed counterpart,
and any failure to deliver the original manually executed counterpart sent by fax, email or other electronic means shall not affect the
validity, enforceability or binding effect of this Lease. Notwithstanding any other provision of this Lease, the sole original of this Lease
shall be the Lease bearing the manually executed signature of the Lessor. The Lessee, by making any payment required under this Lease
ratifies all of the terms of this Lcase/Aereement.
This Equipment Schedule is issued pursuant to the Master Lease dated, March 25, 2010 (the
"Lease"). All of the terms and conditions, representations and warranties of the Lease are hereby incorporated herein
and made a part hereof as if they were expressly set forth in this Equipment Schedule and this Equipment Schedule
constitutes a separate lease with respect to the Equipment described herein.
LESSE CITY OF FORT COLrLIINNS 1 Q�
By Signature
h Name:
Type or Print
x Title:
LESSOR: YAM OTO O TION, U.S.A.
By:
Name: Patrick Breene
Title: Vice President
Attachment "A"
Serial Numbers For:
CITY OF FORT COLLINS
Lease# M10055950
76 YDREH GOLF
CARS
.IW2-310399
.IW2-310400
JW2-310411
JW2-310430
JW2-31043 7
JW2-310446
JW2-310452
JW2-310454
JW2-310500
JW2-310511
.IW2-310698
JW2-310699
JW2-310701
JW2-310702
JW2-310703
JW2-310705
IW2-310706
.IW2-310709
.IW2-31071 1
.IW2-310712
JW2-310713
.IW2-310714
JW2-310717
JW2-310727
JW2-310730
JW2-310735
IW2-310737
JW2-310738
JW2-31 1007
.IW2-311015
JW2-31 1022
JW2-31 1023
JW2-311027
JW2-31 1037
JW2-311039
JW2-31 1050
IW2-31 1054
JW2-311056
JW2-31 1057
JW2-311058
JW2-311059
JW2-31 1062
JW2-311063
JW2-31 1066
J W 2-311089
JW2-311 102
.IW2-31 1 106
.IW2-311258
.IW2-31 1262
JW2-311266
JW2-31 1267
IW2-31 1463
.IW2-31 1479
JW2-31 1484
JW2-311485
JW2-31 1486
IW2-31 1487
JW2-31 1488
JW2-31 1489
JW2-311490
.IW2-31 1491
IW2-31 1492
IW2-31 1493
JW2-31 1494
JW2-311495
JW2-31 1497
JW2-31 1504
JW2-311506
JW2-31 1507
.I W2-311510
JW2-31 1513
IW2-31 1683
JW2-311687
JW2-31 1698
JW2-311700
JW2-312053
City of Fort Collins X
AMORTIZATION SCHEDULE FOR MUNICIPALITY
MUNICIPAL LEASE AGREEMENT
LESSEE: City of Fort Collins
EQUIPMENT SCHEDULE # 95950
Yield: 4.880%
Due
Mon # Date Payment Interest
1
05/15/10
15,636.00
1,048.52
2
06/15/10
0.00
999.43
3
07/15/10
0.00
1.003.36
4
08/15/10
15,636.00
1,007.30
5
09/15/10
0.00
958.05
6
10/15/10
0.00
961.82
7
11 /15/10
15,636.00
965.59
8
12/15/10
0.00
916.18
9
01/15/11
0.00
919.78
10
02/15/11
15,636.00
923.39
11
03/15/11
0.00
873.82
12
04/15/11
0.00
877.25
13
05/15/11
15,636.00
880.70
14
06/15/11
0.00
830.95
15
07/15/11
0.00
834.22
16
08/15/11
15,636.00
837.49
17
09/15/11
0.00
787.58
18
10/15/11
0.00
790.67
19
11/15/11
15,636.00
793.78
20
12/15/11
0.00
743.69
21
01/15/12
0.00
746.61
22
02/15/12
15,636.00
749.55
23
03/15/12
0.00
699.29
24
04/15/12
0.00
702.03
25
05/15/12
15,636.00
704.79
26
06/15/12
0.00
654.35
27
07/15/12
O.DO
656.92
28
08/15/12
15,636.00
659.51
29
09/15/12
0.00
608.89
30
10/15/12
0.00
611.28
31
11/15/12
15,636.00
613.68
32
12/15/12
0.00
562.89
33
01/15/13
0.00
565.10
34
02/15/13
15,636.00
567.32
35
03/15/13
0.00
516.35
36
04/15/13
0.00
518.37
37
05/15/13
15,636.00
520.41
38
06/15/13
0.00
469.25
39
07/15/13
0.00
471.09
40
08/15/13
15,636.00
472.94
41
09/15/13
0.00
421.60
42
10/15/13
0.00
423.25
43
11 /15/13
15,636.00
424.92
44
12/15/13
0.00
373.38
45
01/15/14
0.00
374.85
46
02/15/14
15,636.00
376.32
47
03/15/14
0.00
324.59
48
04/15/14
0.00
325.87
Totals: 260,176.00 33,068.97
Initialed By
CERTIFICATE OF ACCEPTANCE
This certificate is executed pursuant to Equipment Schedule No. 95950
dated March 25, 2010 to the Master Lease Agreement dated
March 25, 2010 between Yamaha Motor Corporation, U.S.A.
(the "Lessor') and GITY OF FORT COLLINS
(the "Lessee").
The Lessee hereby certifies that the Equipment set forth below, as also described in the above
Equipment Schedule, has been delivered and accepted by the Lessee on the Commencement Date
shown below.
EQUIPMENT SERIAL
QUANTITY TYPEIMODEL NUMBER
76 YDRE GOLF CARS See
Attachment
ADDITIONAL CONDITIONSWECIAL TERMS:
NEW/USED LOCATION
NEW COLLINDALE GOLF COURSE
1441 E. HORSETOOTH ROAD
FORT COLLINS, CO 80525
Please return this certificate as your acknowledgment of the above Commencement Date and acceptability
of the Equipment
CITY OF FORT COLONS
essee
X By: as
X Nam