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HomeMy WebLinkAbout08924RESOLUTION NO. 8924 A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND ELLEN EQUIPMENT CORPORATION AND AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO COLORADO, that: SIRCTION 1 _ A lease agreement, a copy of which is attached hereto and made part hereof by reference, after having been approved as to form by the City Attorney, by and between Pueblo, a Municipal Corporation, and Ellen Equipment Corporation, relating to the lease of a front end loader and miscellaneous equipment, be and the same is hereby approved, subject to the conditions as set forth in the said Lease Agreement. SECTION 2. The President of the City Council is hereby authorized to execute said Lease Agreement on behalf of Pueblo, a Municipal Corporation and the City Clerk shall affix the seal of the City thereto and attest the same. INTRODUCED: February 14 —9 2999 By: Robert Schilling Couneilperson A APR. ED: esident of City Council ATTEST: Cit lerk Background Council Agenda y i s aotl TITLE: A RESOLUTION APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF PUEBLO, A MUNICIPAL CORPORATION, AND ELLEN EQUIPMENT CORPORATION, AUTHORIZING THE PRESIDENT OF CITY COUNCIL TO EXECUTE SAME DEPARTMENT: Transportation DATE: February 8, 2000 ISSUE: To authorize the Department of Transportation to enter into a Lease Agreement with Ellen Equipment Corporation. BACKGROUND: This lease agreement will allow city forces to utilize the front -end loader for more efficient installation of street name signs for Project M086 -026 — Street Sign Replacement. FINANCIAL: The agreement is for an initial payment of $9000.00 due by February 2000, followed by nine (9) monthly payments of $3,050.56. The lease payments are eligible costs and part of Project M086 -026 (Street Name Sign Replacements). There is no financial impact to the City. RECOMMENDATION: The Department recommends approval of this resolution. ELLEN EQUIPMENT 1 Yo � a rol CORPORATION ❑ RENTAL CONTRACT 11491 VJe'ro got No 18000 East 22nd Avenue Aurora, Colorado 80011 (303) 364 -1888 RENTAL PURCHASE CONTRACT ❑ ORDER DATE CUSTOMER PURCHASE ORDER NO. SALES REPRESENTATIVE 12- -10 -99 NOWELS LESSEE'S FULL NAME CITY OF PUEBLO dwa DEPARTMENT OF TRANSPORTATION LESSEE'S ADDRESS CITY STATE 21P STREET 350 SO GRAND AVE PUEBLO I CO 81003 RESIDENCE PHONE 7 67u�S PHONE COUNTY 543 -1257 PUEBLO DELIVERY TO BE MADE ON OR BEFORE OR AS SOON THEREAFTER AS POSSIBLE DELIVERY TO BE MADE TO THE FOLLOWING ADDRESS IF DIFFERENT FROM LESSEE'S ADDRESS. STREET I CITY STATE I ZIP DESCRIPTION OF EQUIPMENT au. MFR. MODEL SERIAL NO. DESCRIPTION. INCLUDING ATTACHMENTS PRICE . AND/OR EXTRA EQUIPMENT 1 CASE' 1840 JAF0287719 UNILOADER 21,400 1 CASE D -100 JA 02 9544 B'HOE 9 000 1 1 BUTLER 10 -14 99 -1182. TRAILER 4,045 11 CTI FORKS 4SF10210* PALLET FORKS 875 OTHER CONDmONS: SEE ATTACHED T-Q +RAE 7,828 EXEMP SA6C- &TAX -% CITY RESPONSIBLE FOR ALL MAINTENANCE TOTAL PRICE 43 148 WARRANTY ON EQUIPMENT: Warranty coverage on the equipment covered by this contract, if any, commences with the contract period and has been explained to the lessee. The warranty coverage is outlined below and dictated by the box checked hereon. IX NEW 12 Month 2.000 HPF actory Warranty ❑ USED - Seller's own warranty applies as described in "Other Conditions" above. ❑ AS IS - Equipment is without any warranty of any kind, and lessee is aware of same. MAINTENANCE OF EQUIPMENT: Lessee shall be responsible for and pay the cost of all necessary repairs, maintenance and replace- ments; Lessor shall not be obligated to make, nor called upon by Lessee to furnish, or pay for any repairs to or upon the Equipment, except under the provisions of any warranty described immediately above. If this is a RENTAL PURCHASE CONTRACT, Lessee will be responsible for travel time and mileage on owed service work. TERMS OF RENTAL OR RENTAL PURCHASE: Payments are due in advance of each rental period or upon receipt of invoice. ON RENTAL PURCHASES % of paid rentals will apply towards the selling price less RENTAL PURCHASE CHARGES AS -FOLLOWS: RENTAL PAYMENT OF S9000 DUE 2-15-2000, FOLLOWED BY 9 RENTAL PAYMENTS OF $3, 050.56 . RATE: $ PER DAY $ PER WEEK $ PER MONTH PERIOD: DAYS WEEKS MONTHS CONVERSION DATE PHYSICAL DAMAGE WAIVER: (on above units only) $ PER MONTH IF PROVIDED. BY ELLEN EQUIPMENT CORPORATION CITY OF PUEBLO RESPONSIBLE FOR PROVIDING FULL NAME OF AGENT & PHONE # IF PROVIDED BY LESSEE C OVEREAGE INSURANCE + (If coverage is provided by lessee, a loss payable binder must be provided to ELLEN EQUIPMENT CORPORATION within 10 days after the commencement of the contract period.) LIABILITY INSURANCE: LESSEE, at its own expense, shall carry adequate public liability insurance as approved by LESSOR against bodily injury, including death; and against property damage. TRANSPORTATION: $ EACH WAY IF PROVIDED BY ELLEN EQUIPMENT CORPORATION: ALL equipment is FOB our yard. LOCATION OF MACHINERY: PREPAYMENT CHECK # DATE TIME HOUR METER READING AMOUNT $ TIME IN LESSOR AND LE EE AGREE THAT jTERMS AND CONDITIONS , TIME our ON THE REVE E IDE HEREO AR PART OF THIS AGREEMENT AND ARE TH O HLY UNDE S . ALL PAYMENTS ARE DUE TOTAL ' A D PAYAB N RECEIP IN 'HOURS /""; LESSOR LESSE BY �-' ( , DO BY President of City UOunci l DATE TITLE DATE Form 91003 (Rev. 09(95)