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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
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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 />LEASE SCHEDULE No. 199253000 <br />Dated as of July 21, 2016 <br />This Lease Schedule (this "Schedule") relates to the Master Equipment Lease -Purchase <br />Agreement referenced below and, together with the terms and conditions of the Master Lease <br />incorporated herein by reference, constitutes a Lease. Unless otherwise defined herein, capitalized <br />terms will have the same meaning ascribed to them in the Master Lease. All terms and conditions <br />of the Master Lease are incorporated herein by reference. <br />Master Equipment Lease -Purchase Agreement dated May 15, 2012, <br />Equipment Description. As used in the Lease, "Equipment" means all of the property <br />described in Schedule A-1 attached to this Schedule and all attachments, additions, <br />accessions, parts, repairs, improvements, replacements and substitutions thereto. <br />2. Rent Payments; Lease Term. The Rent Payments to be paid by Lessee to Lessor, the <br />Commencement Date of this Lease and the Lease Term of this Lease are set forth on the <br />Payment Schedule attached to this Schedule. <br />3. Essential Use; Current Intent of Lessee. Lessee represents that (a) the use of the Equipment <br />is essential to Lessee's proper, efficient and economic functioning or to the services that <br />Lessee provides to its citizens, (b) the Equipment will be used by Lessee only for the purpose <br />of performing its governmental or proprietary functions consistent with the permissible scope <br />of its authority and will not be used in a trade or business of any person or entity, and (c) the <br />useful life of the Equipment is not less than the stated full Lease Term of this Lease. Lessee <br />has determined that a present need exists for the Equipment which need is not temporary or <br />expected to diminish in the near future. Lessee currently intends for the full Lease Term: to <br />use the Equipment; to continue this Lease; and to make Rent Payments so long as funds are <br />appropriated by its governing body for the succeeding fiscal year. <br />4. Re Afftrmation of the Master Lease Representations, Warranties and Covenants. Lessee <br />hereby represents, warrants and covenants that its representations, warranties and covenants <br />set forth in the Master Lease (particularly Sections 6.1 and 16 thereof) are true and correct <br />as though made on the date of execution of this Schedule. <br />5. RESERVED. <br />
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