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Amendment to Lease Agreement - Parks Vehicle Lease
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Amendment to Lease Agreement - Parks Vehicle Lease
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3/28/2025 11:57:39 AM
Creation date
8/11/2016 1:33:47 PM
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Board of Public Works
Document Type
Contracts
Document Date
8/9/2016
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E28 <br />SCHEDULE A-1 <br />Attached to and made a part of that certain Lease Schedule No. 199253000 dated as of July 21, 2016 by <br />and between PNC Equipment Finance, LLC, as lessor, and City of South Bend, as lessee. <br />Commencement Date: July 21, 2016 <br />1. EQUIPMENT LOCATION & DESCRIPTION: <br />City of South Bend, 227 W Jefferson Blvd, South Bend, IN 46601 <br />Parks & Recreation — (2) 2016 '/ Ton Four Wheel Drive Pickup Truck <br />Parks & Recreation — (2) CNG Conversion Kits <br />2. LEASE PAYMENT SCHEDULE: <br />(a) Total Amount Financed: <br />(b) Interest Rate: <br />(c) Payment Schedule: <br />Rent Payment Rent Payment Rent Payment Interest <br />Number Date Amount Portion <br />$ 78,808.00 <br />1.522% <br />Termination <br />Princinal Portion vahie . <br />1 <br />1/17/2017 <br />8,214.40 <br />599.73 <br />7,614.67 <br />No Call <br />2 <br />7/17/2017 <br />8,214.40 <br />541.78 <br />7,672.62 <br />No Call <br />3 <br />1/17/2018 <br />8,214.40 <br />483.39 <br />7,731.01 <br />No Call <br />4 <br />7/17/2018 <br />8,214.40 <br />424.56 <br />7,789.84 <br />49,439.86 <br />5 <br />1/17/2019 <br />8,214.40 <br />365.28 <br />7,849.12 <br />41,355.26 <br />6 <br />7/17/2019 <br />8,214.40 <br />305.55 <br />7,908.85 <br />33,209.15 <br />7 <br />1/17/2020 <br />8,214.40 <br />245.36 <br />7,969.04 <br />25,001.04 <br />8 <br />7/17/2020 <br />8,214.40 <br />184.72 <br />8,029.68 <br />16,730.47 <br />9 <br />1/17/2021 <br />8,214.40 <br />123.61 <br />8,090.79 <br />8,396.95 <br />10 <br />7/17/2021 <br />8,214.40 1 <br />62.02 <br />8,152.38 <br />1.00 <br />. Assumes all Rent Payments and other amounts due on and prior to that date have been paid. <br />
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