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HomeMy Public PortalAbout16-9141 Enter into a Vehicle/Equipment Lease Agreement Between ACME Auto Leasing Sponsored by: City Manager Resolution No. 16-9141 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A VEHICLE/EQUIPMENT LEASE AGREEMENT BETWEEN THE CITY OF OPA- LOCKA, OPA-LOCKA, FLORIDA AND ACME AUTO LEASING, APOPKA, FLORIDA, (EXHIBIT "A") FOR THE LEASE OF NINETEEN (19) MARKED VEHICLES FOR THE CITY OF OPA-LOCKA; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the City of Opa-locka, Florida is in critical need of vehicles for the Opa-locka Police Department as a result of sixty-seven percent (67%) of the fleet vehicles are classified as inoperative or nearly inoperative; and WHEREAS, the City Commission believes it is in the best interest for the City of Opa- locka to invest in new vehicles for use by the Opa-locka police department; and WHEREAS, the City Commission desires to authorize the City Manager to enter into an equipment/vehicle lease agreement for nineteen vehicles. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA: Section 1. The recitals to the preamble herein are incorporated by reference. Section 2. The Interim City Manager is hereby authorized to enter into and execute a Vehicle Lease Agreement with Acme Auto Leasing, Apopka, Florida, as detailed in the form attached hereto for the lease of nineteen (19) marked vehicles for the City of Opa-locka Police Department. PASSED AND ADOPTED this 27th day of January, 2016. Resolution No. 16-9141 yra L.,Taylor Mayor Attest to: Approved as to form and legal sufficiency: \-QI _) -,-- Jo.nna Flores Vincent T. Brown, Esq. City Clerk The Brown Law Group, LLC City Attorney Moved by: COMMISSIONER SANTIAGO Seconded by: COMMISSIONER PINDER Commissioner Vote: 4-0 Commissioner Kelley: YES Commissioner Pinder: YES Commissioner Santiago: YES Vice Mayor Holmes: NOT PRESENT Mayor Taylor: YES QP.LOC/fi\ o1 inl \o4POwn �/ City of Opa-Locka Agenda Cover Memo Commission Meeting Item Type: Resolution Ordinance Other Date: 12/9/15 X (EnterXin box) Fiscal Impact: Ordinance Reading: 1st Reading 2nd Reading (EnterXin box) Yes No (EnterXin box) X Public Hearing: Yes No Yes No (EnterXin box) Funding Source: (Enter Fund&Dept) Advertising Requirement: Yes No (Enter Acct No.)22-521648 (EnterXin box) X ITEM BUDGETED: YES X NO Contract/P.O.Required: Yes No RFP/RFQ/Bid#: (EnterXin box) X N/A Strategic Plan Related Yes No Strategic Plan Priority Area: Strategic Plan Obj./Strategy: (list the (Enter X in box) specific objective/strategy this item will address) Enhance Organizational p Bus.&Economic Dev Public Safety Quality of Education Qual.of Life&City Image p Communcation Sponsor Name Department: David Chiverton City Manager Short Title: 33 Vehicle Purchase for OLPD. Staff Summary: Staff supports entering into purchase contract. 67%of OLPD fleet inoperative or nearly inoperative. Proposed Action: Purchase vehicles based on contract specifics. Vehicles estimated delivery March 2016. Attachment: 1. Acme Auto Leasing Vehicle/Equipment Lease Quote dated 11/30/15. 2. Memorandum 3. Resolution Draft F c �gro 4pow_ u�i EO Memorandum TO: Mayor Myra L.Taylor Vice Mayor Timothy Holmes Commissioner Joseph L. Kelley Commissioner Terence K. Pinder Commissioner Luis B. Santiago FROM: David Chiverton, City Manager DATE: December 2, 2015 RE: 33 Vehicle Purchase Request: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA- LOCKA, FLORIDA, AUTHORIZING THE CITY MANAGER TO ENTER INTO A VEHICLE/EQUIPMENT LEASE AGREEMENT BETWEEN THE CITY OF OPA- LOCKA, OPA-LOCKA, FLORIDA AND ACME AUTO LEASING, APOPKA, FLORIDA, (EXHIBIT "A") FOR THE LEASE OF THIRTY-THREE (33) VEHICLES FOR THE CITY OF OPA-LOCKA; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE. Description: Vehicle leasing agreement. Account Number: 22-521648 Financial Impact: Deferred payments will begin August 2016, in the amount of $30,369.50. Said amount to be paid every six months through the 2020 contract end date (based on OLPD actual vehicle delivery receipt date). Implementation Time Line: Effective upon all parties executing agreement. Vehicles estimated delivered no later than March 2016. Legislative History: Analysis: Critical vehicle needs on behalf of OLPD; 67% of existing fleet is inoperative or nearly inoperative. Recommendation(s): Staff Recommends Approval. Attachments: 1. Acme Auto Leasing Vehicle/Equipment Lease Quote dated 11/30/15. 2. Memorandum 3. Resolution Draft Prepared by: Rose Mckay and Clancy Huckleberry End of Memorandum 1 ACME AUTO LEASING, LLC MASTER OPEN—END VEHICLE LEASE AGREEMENT Ia AGREEMENT en0 rnmrancc compare statng that ucn,nsurance wid nut be urns Eeo tic coveraga-ee.ccd Tr,?!aster ease.Agtse.eeet between Acme Aare teasing.i1C.a Connect sot Limited liability wdnoat a;least malt(301 days prior washer mace to Lessor Lessee agrees r.:pay at ns:ion or ro, .o rn.:,, .ufhur'a at 440:Nasnington Avenue,North Haven,CT 06413 nereinafter expense,:ne e,rte cost et nsurrg the IeaseJ ve°s e and erJOrsa sad r' tense po 1 he.sd c -eh, td ,.LCS.)R' e,a"teunder, red s>Any,herelnafte.referred to as st ESSEE",whereas anyot nor party hay reg ,merest-0 the.a•,r.ie.Ann rinse ut.r .v$u•i ag,a to:"'re - L5JR,arc LESSOR hereby agrees to WWI to LESSEE,subject to coverage for the ioasea vet r,te stle,be c,,sneered AS =e?autr nv the.esee at tie rwm,nt an, ,e tense a,_ ,.ss n s agreement.certa n vehidelsl each as set fo^'s In LESSOR'S of this Agreement _esnee is agents yr arrpktyees,shat comps w,tn at perms and cenditsms _yease t.oc.n a 1;':a-o r eh,-ofee'rrred v n Schedule'A'h of sod aoOnv o tWd,rg the immediate 10g of ad act dents to nss.rer era Levsc and do of Ii. TERM OF AGREEMENT things necessary and's1oper to protect andp:wens the othe•Pantos Lents as a va'Tied,r'0:vd Thin Vasta'Lease agreement snail eontsnue in force and effect covering vehicles leased by in said poi:cy •1 s agreed that LESSee seas,be Gable and pay'or to e cost cf any repairs not sits,4'vr ess., .sele a=()pert end.ease,on Of after the date of axecunon o'th-s covered be virtue of it aeducbbk wovis,cn O'such,nsLrance cr anv tett not camper atoll egreemen I and rote:e r+g r-s agreement by Date.The term of the tease for Oath vehicle shaft by mzurar ve /"��{ '�'''�t /'� 100 Ja:L,110I1100 ay eacr,VeilC,V and smart continue for the number of months as Vit SECURITY DEPOSIT stance o dale'A ::o'of+uted from the first day of the month following the commencement 'ne,FSSS,agrees to depose wren ter.Ot•he>urn stednh•ed Sedtedv a"A as se.yet hat the :a toddy.O, v so 'v 'nan-noI s:day of the month.The tern of the lease maybe extended on y 1.,and ha tiny' 0 he the peevee>1 at to.toe c.wan,,Wet....r,re s 0,t,s by .:tLA,a acno,ot•t:,t t.n pa1110 ,0'.he event the Lessee fails to return vehtcks to:altar at the Agreement,f00'tee.essee's parr t;be wet:whey.Are shad be et,,r e.:r,ttr,.ssrt cxp:cat:0r Cate .no eat.urns.t'a LESSEE hereby agrees to pay lessor ad c-'sarges as set foist, upon term nation of piss:earn p'av dna the:Lessee hos'uisy a,:1 fa,ft t.,f.C111,0,0,Oat ai'*,e oadr.0 .,nt 14o 0'.no Jr Int 001110.1 fa rot:med to Lessor Lessor's acceptance Of terms,(Usenent5 and t00d0i0n5 Jt MY!sale ah rarSee a pa,r t2 de Certcr,ec fee JJOve :'3'.,3(110 farural 000,41 0 0 oar.Waal not be construed Lenora agreement to any extension of oepbsit may be(palled O(Ces,o'to ens xm..ant of a t,10,1,1'1,0:1110.1 wrtor.acyco roar on enbt,en a'a se tofan,`,J.r pal'..to an tse pert u'she_5110e LESOLL 03"300 that(0150" RENTAL. LATE and REDEPOSIT CHARGES 5f,a100 100,ueeet(0010Y Or;rm,tat,bn,snap,be:e1 woe-e53e111'(:re oeratrr.,tenets ,):-,I i 11''i '.P nr.t this agreement o"any extension thereof,pay to iesSOr the trusept as.t-or sled hale,(; Suet'security funds shat*100 Ceti,.00+1011 ,..ta 11;.; roe anidespeclfedin Schedule re" .0551f does hereby agree to VII. ASSIGNMENT BY LESSOR asy deem •era,nsonahr,'Iota to 10550(or the tired day of teen month,In advance,without demand, :15ap,may assign this lease x It/inte-est 00(0,0.100 err;air d all rentals vt reser sarru die nr 1.. o educbsr set oh_r:.a..rt0 r 0',1.0511 the dense rental for each veh,s'e shall have been paid in become due made,this Agreement,wah'at consent b(Lessee,but sal 1a 0 r,grts of 'e t,:Co: ig any ra"eta a ba,40:0 lI the term for a vehicle Is Contrn4ed beyond its ortg'nat term. I.e55ce as de.1 000 hereunder Upon lott:e of sect'ass*g ens,.e SSE "0,1 30y 11.5"tarns 10 1.100 111 ,L e nYr a"'r,agraemertt In the event that any rental payment is not received by tea r esrrgnoe cOF.aut otfzn.±r nterclaat .:,defense ai any Sl'l5 .eye,'S')pre tenth i✓ .i Oa,10'1'01 month,..eye,'may cnlect and,ESSEE does hereby agree to VIII. DEFAULT 444 e a e te,._y... - +t:„t._.t,?n,.f sort''payment.La5(41113 author'iee t0 ple:'a a 5ere1,1) 101"ma S the essen:e 4'Mg Agreement and n the vest ,that.051:.0 d'0.t..pax,n3 enta, a rye.i$a: et aga,•,s,0s,..e s acreepnt for the handl.ng of any'eturned checks.In the even: Payment doe(1010015',II'fr., yo.ht Ora,elate 01 default:r the Uat,_ rs scr of cony.tin te. taosee pa,x a .nIl,.3._t3ts late pigments or ate fees pur5aant to the terms hereof,then ,:voe tr..ns,0:.1_00505 51,1(1011,0:1+ere,r the event of,05400\1<ninr.rr, oorivrory Octe..on, 'or to Constr./ea is having waived Lessee's defauh and acceptance or`the eased yeterie do carat 1(1111_t..,,:((Cased hY 5.510. ,ar c O v,int'rdh nerds and ▪e,v"" net•m•-nrs„ II' (va re,est a eSSar's rtghts porsuent to Stetson Ylii hereof ,lerreges pemm,n3 tO use o'•se yen,e oNlyded aide, a rret(sill sS tf s tease- st ,;es IV. TAXES AND REGISTRATION FEES *10'elOect(0005500,411110010'trIal have me nghltotake rnmediate possession ofthe 'tas,Cr,41,,, w,vr'”SCrteouie'A'L E55FF will pay ell cost,of ttgucerfng the veekk,n vehrcie,whereon((band,arts term,nale the'ease coat res0e11 lv s01•penwle 0555'.E expresl'.y s.ai.0 n.,e.011'a,.■be ganged• ..E%EE shall pay all costs of state license plates ade suaars0s oCssor ant/,ts agents to enter'aw'ny c,any prent.coc where the 5011,0,e ey he to,,nd .eneoso.Loa snss w se ar rmgsuaran fees reposed for the vehicle. 155EE shall pay for the purpose of repossessing loch 00'11,0 1105.€leaf take pslsses1100 of dr-y property 1'0d0 a,,,,,,o",.axes .c,111E,(ati pay all sales or use taxes as,ndicated In Schedule"A' ran.cleat„1 hose of repossess:cn and sod;awe to, es tea e l t eaaa«o net>5C00, i n;,or ;401,e,oar am 8104:01001 tares which become effective efts'Ire execution of the#ease that MO pan Cl;nu lessor a.0310 aC app,,ace'..an,ea sting leases le effect between tae parties in states or counties :tlltn she e.ett 1.t49,ne 000110 nos bear,epcslessed the t ass.'e.or.01 t'.r'hot•„ts:Newels car ig tee, ,r".,r;t 31x)0^.a propeetI taxes,;EWE does hereby agree to,errnborse bursa the.ease x11,dad;e war the pt:heat..torten atoe k, v star./,z.;,to red rrre+2 a-.cu. '11 :+e aros,nta te,ep;r(-,:able to each,esscie leased to"esset venni,shyly(101 days from boor igatad to otter me.elate the,eft to reaotm the Oet,te twt,e ,1,0(131 cc tacos Ott .1,. 1, .t,,,Strort ri oattge,(0 insane,i'it becomes necessary to'e-reg,ster and an,04'ty tor p;tunnel 0 rc.A:se,x an(1'Lessee seen:,n.0.03E 1'1x,der y:1,P.es e t ',re vat 'ff our 1:1.0 0r14100n..e05Ce we pay 00000'ati costs 00urred pos a 550 as10Qared w:1b Ide rehtessessem 101W n s aa,1 a tar f(3e a ne 1(11 011'10 w'et^er 9''C(tAv van ce 5 aC:.aai'o rerclonl,00 V. INSURANCE REQUIREMENTS iC;.eweeStlet. a,:drina1,.0 0 cc:,.,;,eay0put(r,antto'OS paragraph Ssl..tredra:en des, ,3e.. e i,r a5Iae-o Warr rs fait force and effect dor ng the tetra 0f ten lease.or any rep>nsrbt I'n the 01,1:0,1(3 Lessor o'ell-domes sue in or tun 00.70010 bJe trot/WO.„re='att,re r t .,..:r cry I(u r,..,a,1IIe COICy,with a n'nassessaale insurance Lotrpany accapsab.e to lease to r,,lna.0 0..Arty 53111550,,f 1111a.1g:eerr'e"t Repo.ses>..'.:narg2.a 10 all ex;:er:5es .,>,,'l .den '3 Ii r xis eased here,nder,aswelt as any sat/Stduta Of other;eticfete),as '(LV rfoi, I:ls'nrr,g the veh.ck so the.asst 5 f.ace.dr h.pne55 sr:ri Istrtnen Ia.nOtItto t(tI:e a.Cs yastaranyl,,,eo, .'_0,1001 use from terse to tone,na,n;ng lessor es a dait,urrai names termination payrneot aye from>ass.e le,1 no..tolocc Sus>e-"000 prnv,de the tot owusg leverage and rrinmor,;tmnt of protection: 011ie tee e(e',t that any ssrn d_e:3150'cy le.sao,user Ito 110140r;,r..y,:01(0 Cl•'I'S-ease c't.:b.a, S cat.,L',i4,11,v C01,p'uperty Damage 1550,0001,Collision and Comorehens.ve pa=l wane.fifteen':5;days tIn'(00 date o,the,name nteres•at 110 31 no,late on 0 antom ib V nnatorroon 00,,, s e; .ESSEE agrees to turmsh any otner coverage which might be required Percent{Ins red bw octavo to the ar'ount uaa and Cavable err Lessee sccr agrees.,the uy rote,,nut to.'eUo.a._„ 0n,(sent agencies.LESSEE agrees to farn,sh LESSOR pronto delivery event tte ac.ount rbveNrg the mace,5 pieces,'or co,ect('n in tilt haws cr a 10➢ec0an agency any 000 0(e e(',e s:e tereraga,.egyorad Meter mast M signed co an av',:,0r'ted agent of and/or an a:iOrnOC,110 pay tot/ut'reds,rt:no a'eI,.nl Lao P'l+.c'10"4.,95 91,0 pfgale Pm-a051 sere,we fees rest'"d 1'sir 0401'COtrecfsvr, Page 1 of 3 initial !.' . CROSS DEFAULT ;i7? n the evert that any sum due r.eS501 eV Leaage upon,any tease Te•mva:ran as net card 'tat agrees that.es,ar shat'have the neat to declare Lessee in default under PIA(ease where days the amount due LESSOR shat;bear coo,,oral charges as define:anger the deta;.ft arovissna .uses may x err acfaca cones-ye any other tease or account Or sum due by of the:ease,Paragraph VIII ID). Lester)to.easor y reaadrat_eSeetee lease of other eehix eta,leased by latsa to le o X I I. ODOMETER DISCLOSURE tc U 4 she here the right.but 4 not obi ated to setroff any monies paid by Lessee mdud Ong Order f adorer Law,toe LESSEE roust disclose the veh ale's'rateage :r a w n e s s s Uri w th the transfer dr any sec, cs deposit deal Nosier del to order to satisfy a Claim to mantes awed pursuant to vehicle ownersh•p_eaituie to merger with the requr'eme,nt or choked a the stake rernt nuv"hate ester`;otr ve i,r;rcatec coot'lessor 'essce Sable for civil damages and resalt in fires ardor ampraanmert pr,rsr ant to•ne thews b., after a.ere,a-.of seen agreement LESSEE shad pay to t reSer a cane taboo to of agrees to complete,sine and djelliiver to cesso(r�;ne radiated odometer disuasiue on a torch LESSOR ran u'the+a t yte s MSk>es averse Lgdivated damages and to cover lessor's costs associates XII I. USE OF VEHICLE wrtt.prac::rriig and da.pesrng re the ethicist (A) LESSEE shall permit only safe,caret.j :messed an a:.ther:tee dines to operate the retinae.. XI. TERMINATION LIABILITY LESSEE agrees upon ear,tten cempraint tram Lessct.aperifb rig eh}e..eda se'oad,Ch noir,re lessee isbbmas the risk of the vehfCie's Resale Value upon any tease Termination, art:m;cs:tan rat cry other mLiryl°etener by c,dr any Or vie wo tare auto at a3`a re:re teary expressly agree and atkr ow,edge Ina:the lessee does not require anyequrty m the venides Ivasad tc correct these cendit,ors heredr:dr ,. , the easnr s p.x,d ail sums doe coder this Agreement including the payment of rental i9,The soh,.e shah re:be rased to, rim an isobar transoorsalror art at^c,„ese st riff excer -hargen and the rry-nn...,eaiun as net$erer with written per !asion of Lessor,oe tcnfnea•a try a States ,A.' 5 TLSM raA'.L) e Uf,SDES,Ntt)AS FOLLOWS LEVE,PAYMENT LEASE.ANY')PEN UNPAID RENTAL OR OTHER CHARGES,PLUS id LESSEE,shall not permit any vehicle to be an an vreiabcr nt any Manor stein x munrcpai it etote. -1)At>cnedt ed:Cale..p1(at:on,raa'ermnnation Value shale be the Depreciated Value stated rh awe ordinarces,rules or regufanons or contrary to the prcvrsrcns et any epela:ithe_asu'anss,ioftcy CcSed,.ic`. ;2i Sri di to or:neduiea lease exurrel ton,the Termination Patty sire i he the Depreciated any LESSEE shah Indemnity ana hold.ester harmless from any and x:l+rhea,!whert,.rea_ to sere et ease Exp,rat ur Pros ire product or try number of remaining months mu'tkphed by the camases yr penalties+esu,Urrg from virile!be o'tech fares.C-daaves.t„rat or reg.,.at-ons P-amatare torn ateas ba o r e as officered on Schedule'A" t3)Fettawtng scheduled expiratlan,the if Lessor i s!eddied to nuke payr'ent for Ss A yfv;at or LESSEE stall re mburse_essa•a I a n.^.s term nano-V.tte nit pp deserm,ned by rnultapfyrng the'Extended Term Deprecrandn Factor'feurason incruSrng rives interested any other penalties plus a ,vice charge ar.25 D.:yr ator. Sari,a:e'A Cs the nor rser Ct ra9 rnorrlte beyond scheduled expiration that the tease has been XI V.. i N DE M N ITY '.arc hued thn dodo. bi when wilt be'subtracted`from the Depreciates Value at Lease LESSEE shale.defend indemmrry and old narmtesr Lessor ens the atfi ere a d erparaeot nr.easu ese ranrn nr:r rvr,;(1 rreVJrd reneduad expiration that'egaire Lessors written consent from and against all damage,loss,theft,or onitructron or the reh,cre,arc ago meta:fassea St EP PAT LEASE f 1d Month Minimum Term):I it After the minimum farm,the Termination `iab:Imes,injury's claims,demands cost aid exposes of every used arc nature whether or not Yaree thee err the d,tfe,inert oetweer,the capitalized cost and the product of{{}the numtrrr of hair covered by insurance Including legal fens and disbursements ar•rrg rat rat ant:,. nheCtiort -n°htis the ease ha,bee erfeet;Ih rnetspited by the monthly depeecutioh reserve,plus any seeped with the dye,corndrhor or operators of the vehrc-u daring tree igasy earl: ranee, r ocherclanger dl Fear Ica minimum of twelve flit full nwnths having elapsed the terminator XV. LESSEE'S DAMAGES rrat.e she r to CuV,area,.a„cran,e with iI'f as If 12 months had eapsed;thereafter adding the SSCR Snail not Or resaorsie,e m,essee i tc;ts agents,servants at e'np.orees.'.>t any OS: phut,•a,r t1 s•Ltd, >ih r enter{NE mu:npied by the number of rernairing months to elapse the ar dus.rens or at her damages-ausert Or r.erne:pit:nW ie:arra.,Or•e n:u Le G shed try Lesr, roar r ., car er for the tiro lost to repairing or the vet c fc.not cod 4,, v,rur tries.,g. s,ur:131.ate fs"3M NA 1Oh,Pit ,Vitt' to de'hier any ranm,e eursuant hetere by reason of steite or other s uses cey^,a :fret of_essof, I ,or..sasC:tin"re,c.a,dr ars cehe:e covered by tors Master Lease Agreement,LESSEE agrees that rear for sort other Losses or oamages 5,t4,ned by Insane^ereurder acts Pt ae Seeeratai v pr raided a eitrr,arrange.`arniediate sale of the setncte,payirgto,oscar the fah Termination Value n Lessors annentaking n tws A;reentenl tt s expressly andersions Hot iessc assumes rr hot lily 0' mgemer nsin rr. _n Pod ashoe it ye:amid alas$100 aom..Y.rstrative`ee,or(hi return she vehiCre to esfwnsiorhty ter any nets or omissions or grief,or Leasers agents:r err pioover OI rot art;p sports oi,'d,ler 0 spot:tot of Lessee its agents ar employees dr any°the•persons prod to don-ageL,'oat 'rto.en ;:r torn se^.tae,1'et.-is ace.cot disposition,shag be sold by lessor at Public to private sate as soon tIe vehic.e 05 la,t:.al Or:rarest,re Pre stele say;tiv,days after return.The 1ESSOR ridgy become the buyer XVI. MAINTENANCE AND REPAIRS )a,:'to a :'a ipk tr ,an.o recv,red to notify Lessee of the time and pace error to each sate aESSEE she I.at its own expenst rake all her essary'e a one stied Ent C tflierrnrrca sere serve Leesta has iddiessed sash non fi abaci 4om Lessor by certified mail•Coerce el by Lesser as prescrrbad si the owner's manual auprrtatle to the vehicle the 1.esw does n oy adage, y.n n three nays id',coda;'-se dare the mettle is returned to Lessor.The vehicle shall remain In at resptots orotee+sera make available to Lessee ai of the Lessor r rents,'any r.sae-the simistaer e e s rot,ect to the•ease,:+nth;so leas of sale are reserved by Lessor From the proceeds of sale,LESSOR warranty LESSEE shun maintain all tires and provide any necessary t edacerre^is there at LESSEE chat ded,CS al laced erne-nes-hatred-I ron;unecion wnh sate of venial*.it ie agreed that tie Lessor agrees not to altered the vethe a to any manner ono corny eat riot i,,feted to sate, torte tire s:etairtt strati aisa neural.troth a ar ae0x a'tee• the 55'101 Six percent(OM or such sum se may he otherwise re spunstb a far converter a-other umss:on scot'ois LESSEE shalt oe sc et/reaper,re a carer. .ee:ts s 0'es Salt I te`,of the sale pros to cover Lessor a'indirect expenses and for:halt taming Drape ray al,hectors flora my uootng crc r arrd to eote<r agormA neei,ng oar::rest ate,fees. 'he balance strati cunstrtate the net proceeds of sale. nr the radiator and engine.t ESSEE snarl be res.aarrabin to, the Moss of al gasmina ana of a. 'cirri pre.aed e'cry tare,.,Pon terminator of a tease shall be equal to the lermelation Value required oetween Cringes and di'wasirng ana dotage rh.rgca Tt s.not era•e>oons:brsry of ep,:rec as se '-Cl-t r rziagropr)C.IA' It the net proceeds of the salt are ens than the wise any iotat or rsateonai safety 4 upact,oas or nmaamahv ranting rag,ed by:are Mal or so'ery mar inn _t-s E agrees;o pay•+:e dercrency to teaser,plus tax Ca adjusted rental without abatement, of the Lessee yr..ids or ter:.a,. t,.og:,;:,f-,t any rsrrumstances whatsoever if the net proceeds art greater r Schad ie A'!nmoates on Extended Ser■to ate?). proveiea lessee's obi:get:ar:ate reed that Sr e'ter collision calve;FS50R wit reared said excess to Lessee,.ESSOR shall defer mine above aft meddled only to the extend or the term and cordtons 0 scan w�ra/teen plan dons man raid'ehar.d or dofrciencq when toe venicte eis sold and strati render a statement thereof to the..essee. XyII. GENERAL AND MISCELL1\N EOUS C:;.Gas Q'verttl r {At No fyrbeararmyy Cr ecsrare any rights at grin toga 'yier hors Agraentant r are rer et ana C r ca cares trete:rade,,s Lest of staler dr w damaged that R cannel to Lessor bpudgmeet be b emcr of any df I•s teere>snail ha curs:*seed as a wearer of suer tests,rights ant Dr trttgct, ars a oncrncat y ripe reo the lessor,at rts option,mayelectto terminate this Lease m accordance with Sal the same shalt/sronnn,re acint crow i'n rcice ar•d Cfretr as d a° u't tor beer ur=ce o'sere car .re term•ateLe pro,nderes aontarred herein.The inswanee:rotted received from such less,snarl had decd-fed. ,acoldu^es nit -ee o xreds c'te'e" Page 2 of 3 iflttrat • ,r '.`nOlCE;r-�A vv, .Hand 7ia_i' �SYJF.and WAIVER of AIRY TRIAL representative.the monthly rental for such vehicle flied herein shell be Increased or "-re pame:Loa ms:ea.c de agree:oat the cease shad be'.nestpreted under and governed by decreased by a sum equal to the amount f increase or decrease in Lessor's the laws Al State of Co anec.Cat and miss-.ease is generated in Connecticut,the prop., borrowing cost for the least term divided by the number of months of the lease °ranee and,ur sdrcuo.r o'a,+y,wt a•icing rain the'ease on eoy of as provision shall be ama.:nf under applicable to such vehicle. Thereafter an'es,otherwise provided the recta'.shad remain fixed the Jiu r.ct:wow o',cannas's;r Car hew Hawn County if the breach is for an amount under for the term of the lease. S31:woo GT ei.v^o t[:e_rear io...nty for New Haver County,Maryland for any suit 530.000.00 (If This Agreement represent the compete and entered understacduags of the parties here to or mere h,,•'tier AL.ramie naive any right to a lure trial and consent to a bench trial for and there are no other agreements whether r writing or oral whsci=vary or contradict:ne terms IC Ibis Agreemen:.hall oe r rte'prnred ardor arm governed by the laws of the Stare of hereto Corner:a Li (/)Lessor has no obligation to provide a replacement vehicle for any reason except (D f ShcaA a;:,our:.te•o.oi provisions of their contract be invalid and unenforceable as maybe provided by an Extended Vehicle Service Plan.in the event Lessor does or.t_onti at with ar.i Ian,toe validity of the re:naining portions or provisions shall not be proved a Loaner Vehicle,Lessee does herby acknowledge that Lessor does not affectxn thereby end '0S,,mare enforceable, provide any insurance for any loaner vehicle and Lessee agrees that at terms rgbt,.tie,or:nte-eat ioi e11 npr;or thereof;'nor to the vehicle except the right to use or end conditions of this agreement Including,but not limited to,providing insurance opt,ate etas peavaden,,ms agreement coverage shall apply to any loaner vehicle. 9 Neither this Agreement no any interest hereby may be assigned by Lessee Lessee agrees to reimburse the Lessor for the estimated cost of repairing any without prior consent of Lessor thereto in Airline, damages to such loaner vehicle that may occur while vehicle is in the possession t s anoeatood ar<agreed that•n the event iessnr coreern to ass::gement,transfer,or sublease• of the Lessee or it's agents. t =n•c'n. _,,a... ..1 en.on:ftti:man guarantor suoject to ae terms and conditions ILl (hs Lease and any vehicles;eased there under will be subinct to any rants and interest and to said vehicle under any respective cnntraot or contract that the'.Handing source may rarieo a.e c,hece.0 A"a'Iii the assignee,tra=nsferee or rxb-iessee,has faUlted hold or same ail rdrnic nx•art or:.are iiniliatiohL for the entire lease term including arty oblagatlons at lease XVIII.DISCLAIMER OF WARRANTY rem e.,-ni,cn or expiration i.^sane MI lean Lessor on administrative'ee of 5150 to ewer Lessor s LESSOR MANES NO EXPRESS OR IMPLIED WARRANTY AS TO ANY MATTER expense o'aranniinga ire ars gnrr,ent WHATSOCYER,INCLoDIVG,WITHOUT LaM■TATIONS c-ONOtTlON OF ANY LEASED In me evc'it the charsfa,ctnres onte of the vehicle to be leased here ander shall be increased VEHICLE,ITS MERCHANTABILITY OR ITS FTNESS FOR ANY PARTICULAR PURPOSE or nereeseo,t,er to Cmi vary the nionthiy re ntal for such vehicle including any applicable XIX.AUTHORIZATION OF SIGNER Iates snap ha adi:.s.ve acco-dirgiy If the person signing th■s Agreement as doing so as a representative of ESSEE,that person (HI In lee event that Me lessor's borrowing cost is increased or decreased guarantees that LESSEE has given him/her express authority to do so. between the order date acid the delivery of the vehicle to Lessee or lessee's XX.SPECIAL PROVISIONS(IF ANY):by separate document signed by all parties. The Terms of the Master Vehicle Agreement shall be separately applicable to each Schedule"A"executed on an individual basis IN WITNESS WHERE OF the parties hereto have executed this Master Lease Agreement this __day of 2 0 LESSOR: Acme Auto Luling LLC LESSEE: By: J By: (SEAL.) Title: Title: Page 3 of 3 initial -: 751 1, CO tt, ..... ..., r•-• tn (fl kft (3 N en cr, co co m N ,,,,;„•;, .4 0 > ,, co :1.., —.I " CU U 01 -- 0) co rn M N l0 0) 1 CD 00 ct t.0 In M 713 4 4 M M ,-, o ct f"t1 t13 at C 0 U < U E >' '-' ; ; > ..., Lri- Lri- 4 4 M. 4- >. -5 LL1 O .J --.. Z tu v, T.) -a E ....• I... 4.■ C "7: m ,,,.. C, , , tp r O, ',." " -,V). -sil ii) cf, "cri til- 14 P C P C) E I"' I Mt o rg o cn 2 ri) E4) - -2, 0- E .r. o ..... 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