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Item 24 - Enterprise Fleet Management Lease Agreements
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12/19/2023 Regular
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Item 24 - Enterprise Fleet Management Lease Agreements
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12/15/2023 1:53:12 PM
Creation date
12/14/2023 3:31:22 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Police
Item #
24
Date
12/19/2023
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19. NON -APPROPRIATION: Lessee's funding of this Agreement shall be on a Fiscal Year basis and is subject to annual appropriations. Lessor acknowledges that <br />Lessee is a municipal corporation, is precluded by the County or State Constitution and other laws from entering into obligations that financially bind future governing <br />bodies, and that, therefore, nothing in this Agreement shall constitute an obligation of future legislative bodies of the County or State to appropriate funds for purposes <br />of this Agreement. Accordingly, the parties agree that the lease terms within this Agreement or any Schedules relating hereto are contingent upon appropriation of <br />funds. The parties further agree that should the County or State fail to appropriate such funds, the Lessor shall be paid all rentals due and owing hereunder up until <br />the actual day of termination. In addition, Lessor reserves the right to be paid for any reasonable damages. These reasonable damages will be limited to the losses <br />incurred by the Lessor for having to sell the vehicles on the open used car market prior to the end of the scheduled term (as determined in Section 3 and Section 14 <br />of this Agreement). <br />IN WITNESS WHEREOF, Lessor and Lessee have duly executed this Master Walkaway Lease Agreement as of the day and year first above written. <br />LESSOR: Enterprise FM Trust <br />LESSEE: See Attached Signature Page By: Enterprise Fleet Management, Inc. its attorney in fact <br />Signature: <br />Signature: <br />By: <br />By. <br />Title: <br />Address: <br />Title: <br />Address: <br />Date Signed <br />Date Signed: <br />Initials: EFM Customer <br />
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