HomeMy WebLinkAbout750716.tiff RESOLUTION
WHEREAS, it is the desire of the Board of County Commissioners,
Weld County, Colorado, to lease from the Greeley Leasing Company for
use of the Weld County Sheriff's Department, the following vehicle, to-wit:
1 - 1975 Torino, 4-door Ford, Serial No.
5H27H 202023
as per motor vehicle lease agreement No. 485, said lease agreement attached
hereto and made a part hereof by reference, for a total lease purchase price
of Two Hundred Twenty-one and 53/100 Dollars ($221. 53) per month.
NOW, THEREFORE, BE IT RESOLVED, that the County of Weld, State
of Colorado, agrees to lease from the Greeley Leasing Company the afore-
mentioned vehicle for the use of the Weld County Sheriff's Department, upon
all of the terms and conditions as recited in said lease agreement #485 herein-
above referred to.
Dated this 14th day of May, A.D., 1975.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
Af Icazzei,a,
ATTEST: o? %)--24
Weld County Clerk and Recorder
and Clerk to the Board
By
Deputy Count erk
_FT D AS'T FORM:
unty A torney
f " 750716
STANDARD LEASII1G AGREEMENT I ',see N.,•
,� NET LEASE Lease No. 485
r. .e Ch ne Non-Ma lntenance ❑Maintenance "-^"". Unit No.
Lessor. The Lessor is Greeley Leasing Company , a Colorado
(STATE)
corporation with offices at 1110 8th Ave. Greeley, Colorado 80631
(STREET AOORE55) (TOWN) (STATE) (ZIP CODE)
Lessee. The Lessee is Weld Cnunty of Cnlnradn (Shnriff!S._Dept.)
is 9Th Ave. and 9m street Greeley, Colorado 80631
(STREET ADDRESS) (TOWN) (STATE) (ZIP CODE)
Lessor leases to Lessee, and Lessee leases from Lessor, the following Vehicle upon the following terms and conditions:
I. VEHICLE, EQUIPMENT, ORIGINAL VALUE, MONTHLY DEPRECIATION, TERM,GVW and USE. The Vehicle and its extra equipment, Original Value,
Monthly Depreciation, lease term, GVW and use shall be asset lorlh below,
y
CAR rJ YEAR MAKE MODEL-SERIES- TYPE UNIT SERIAL NO. COLOR CYLS TERM GVW RATING
TRUCK 75 Ford Torino 4Dr_ 5H27H201023 White 8 i8 MOS. LBS.
EXTRA ORIGINAL VALUE $ USE
EQUIPMENT
MONTHLY DEPRECIATION $ BUM nPAR
a. Standard Equipment. The Vehicle shall have all standard equipment (except as replaced by extra equipment) and all equipment necessary to lawful
operation for the use intended. The term "Vehicle" shall mean the Vehicle described above and shall include all such standard and extra equipment.
Additional equipment, whether required by law, or otherwise, may he installed after deli.ery at lessee's expense, with lessor's approval.
h. Commencement of fern,. The lease term for the Vehicle shall commence on the date shown below.
2. SECURITY DEPOSIT TOTAL DELIVERY PAYMENT, MONTHLY & LEASE TERM RENTAL. The Security Deposit, Delivery Payment, Mileage,
Monthly and Lease term P enb,l shall he as shown anti computed below:
FIRST MONTH CHARGES
Depreciation Rental Fee Insurance Under: Total Delivery
Misc. License Maint. Repair Tax Payment
Par. 5 (i) Comp.F.&T.
Par. 5 (ii) Coll./Upset
Par. 5 (iii) P.L.&P.D. -
$ $ Total $ $ $ $ $
exempts 184.50
MONTHLY RENTAL Total Monthly
Depreciation Rental Fee Insurance Under: Misc. License Maint. Repair Tax Rental
Par. 5 (i) Comp.F.&T. •
Par. 5 (ii)Coll./UpsetP.D.
P.L.&Par. 5 (iii) & U
$ $ Total $ $ $ $ $ Exemp�$ 221.53
Total Rentals
Total Lease Term: Depreciation $ All Other $ Security Deposit $ 5 406.0
3
FREE MILEAGE 70,000 MILEAGE CHARGE $ .03 PER MILE .1
a. Security Deposit. The Security. Deposit paid by Lessee to Lessor as part of Total Delivery Payment shall he fully refunded , •t
lease provided Lessee has fully performed this lease. In the event of any default by Lessee,such deposit may be applied by lesson ton oral µardent of
any amount in default or of any cost or expense (including attorneys' fees) incurred by Lessor in connection therewith. Such deposit, however, shall
not he construed as payment of any rental nor as diminishing Lessee's obligations to perform this lease in full.
h. Total Delivery Payment and Total Monthly Rental. Upon delivery of the Vehicle to Lessee,the Lessee shall pay Lessor the Total Delivery Payment
which includes rental for the month of delivery.Thereafter,during the term of this lease, Lessee shall pay Lessor the Total Monthly Rental in advance
on the first day of each month. If the lease term begins or ends on other than the first or last day of a month, payment for that month is or will be ap-
portioned on a daily basis.
c. Mtleaae Charge. If a Mileage Charge is specified above,Lessee shall pay Lessor such charge for each mile the Vehicle is driven, after accumulation
of the Free Mileage specified above, payable on the first day of the next succeeding month. If another Vehicle is substituted for the Vehicle,both shall
be considered one for the purpose of accurnula lrry mileage and paying Mileage Charges. If the odometer on the Vehicle fails, mileage for the period of
failure shall be computed on the basis of the average daily mileage of the Vehicle during the preceding 30 days.
d. Late Charge. Any payment not made by Lessee within five days after its due date shall be subject to a late charge of 5%of such late payment.
e. Other Charges. If any Insurance,Operating, Licensing, Maintenance-Repair or Tax Charge is specified herein as part of Total Monthly Rental, the
same is based on Lessor's hearing of the similarly identified costs specified herein. If the average cost for any month of any one or more of such costs
for the Vehicle shall increase more than 105 above the amount specified, Lessee shall pay Lessor an additional monthly rental equal to such increase
above 10T. If any such average cost for any month shall decrease more than 10% below the amount specified, Lessor shall refund Lessee an amount
equal to such decrease below 10%. Net increases or decreases shall be stated by Lessor to Lessee from time to time and shall be payable within 10
days after Lessee's receipt of such statement.
3. OPERATING EXPENSES. Lessee shall pay for all washing,parking, garage,highway road service and towing charges or tolls, and all fines incurred
in connection with the Vehicle. Lessee shall also pry for all gasoline,oil and anti-freeze required for proper operation or protection of the Vehicle, except
Lessor shall pay any of the same for which crisis are her r specified: gasoline C per gallon; oil f per quart; anti-freeze C per quart.
4. MAINTENANCE and REPAIRS. Lessee shall maintain the Vehicle in good working order and condition, properly serviced and greased, and shall make
all necessary repairs and replacements. Title to all replacements shall vest In Lessor. All such servicing,repairs and replacement. shall be done,in order
of preference, at Lessor's shop or shop of nearest authorized dealer in such make of vehicle, unless any interested insurance company shall direct other-
wise. All repairs made necessary by accident or collision and not covered by insurance shall he paid or by Lessee. All other servicing,repairs and re-
placements shall he paid for by Lessee except Lessor shall pay for any of the same for which costs are here specified: tires at $ each for total
of replacements; repair labor at $ per hour; repair parts at (calendar year) Mfg's parts price schedule.
If Lessor is to pay for any servicing, repairs or replacements and the same are to be done elsewhere than Lessor's shop, Lessee shall (1)obtain
Lessor's prior consent thereto if the cost of the same will exceed $ and (2)have an itemized hill sent to Lessor for payment or pay the bill
and present it to Lessor for reimbursement
5. INSURANCE. During the lease term (Lessor) (Lessee)shall at his expense obtain and maintain the following insurance on the Vehicle:
(i) Comprehensive fire and theft insurance for cars, and fire, theft and combined additional insurance for trucks with nut more than $50 deductible for
cars and light (rucks and $100 deductible for medium and heavier trucks;
(ii) Collision and upset insurance with not more than $100 deductible for cars and light trucks and $250 deductible for medium and heavier trucks; and
(iii) Automobile liability insurance with limit., of not less than 5100,000 for any one person for injury ordeath,$300,000 for any one accident for personal
injury or death, and $25,000 for property damage hg cars anti $50,000 for property damage for trucks..
a. Other Insurance. Lessee shall provide and pay for any other insurance or bond that may he required by any governmental authority as a eonditi3n to
or in connection with Lessee's use of the Vehirie,
h Persons Protected,tected, Insurers. All such insurarce shall protect, as their interests may appear, the Lessor, the Lessee, any other person having an
interest in the Vehicle if he so desires, n n. pc:-...,m responsible for the use or operation of the Vehicle. All such insurance shall he provided through
insurance companies Approved by Lessor. .An insurance referred to in (i)and (ii)above to he provided by Lessor may he provided by self-insurance.
1 shall furnish Lessor satisfactory ”‘dance of insurance to he provided by Lessee.
c. Proceeds. Any insurance proceeds recei I Ig, eitherparty for any loss asualty that has been made good by the ther shall to that extent he paid
to the other, unless such other is then in default .with respect to any of his obligations hereunder and fails to cure such default.
AFFIXING SIGNATURE TO THIS DOCUMENT INDICATES UNDERSTANDING OF AND AGREEMENT TO THE CONDITIONS AND TERMS
(AS DESCRIBED ON BOTH PAGES) OF THIS CON"PRACT. NOTICE TO LESSEE: (1) DO NOT SIGN THIS AGREEMENT BEFORE YOU
READ IT OR IF IT CONTAINS ANY I3LANK SPACES TO BE FILLED IN. (2) YOU ARE ENTITLED TO A COMPLETELY FILLED-IN
COPY OF THIS AGREEMENT.
IN WITNESS WHEREOF, the parties hr:Ye duly executed this lease this 5th day of May , I9_7
Greeley Leasing Corypany Weld County of Colorado
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�Liessee ���
By t?. �.�/ i t`-T� V /L ../eta
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