6B(4) Staff report on Blackthorn golf Course van lease

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a. Agreed Upon Value of the Vehice $ LyL / 5. UU b. Taxes + ~~ c. Initial Title, License grid Registration Fees + ~'~ d. Mechanical Breakdown Protection and/or N / A Maintenance Agreement ~ + e. Credit L'rfe and/or Disability Insurance + -~~ f. Guaranteed Automobile Protection + ~~ g. Outstanding Prior Credit or Lease Balance + h. A`I~S't,'t'~t sr. ~a j. + ~~Q k. Gross Capitalized Cost - 14. Lease Tenn and Scheduled Maturity Date. The Lease Term of this Lease is ~~rggnlns, and the Scheduled Maturity Date of this Lease is UU 1133 15. Required Insurance You must provide the following insurance during the Lease Term, with the Lessee and/or Co-Lessee as an insured driver. No other types of insurance are required: a) primary automobile liability insurance with minimum limits for bodily injury or de~t~0 • ~~ i) $ ~_ for any one person, and ii) $ ~_ for any one accident, and iii) $ for property damage; and b) physical damage insurance for the full value of the Vehicle, wfth a maximum deductible of $1,000. See Section 24 for additional information. You have provided us today with the following insurance information: CJENNINGS Insurance Provider Pdicy No. tnwrance Coverage Verification By Dealer Empbyee Agents Name ~ Address Agents Phone No. 16. Estimated Official fees and Taxes $ 887.63 This is an estimate of the total amount you will pay over the Lease Term for official and license fees, registration, title, and taxes (including personal property taxes), whether included in your Total Monthly Payment (Section 9.t), the Amount Due at Lease Signing or Delivery (Section 7) or billed separately. The actual total of Official Fees and Taxes may be higher or lower than this estimate depending on the tax rates in effect or the value of the Vehicle at the time a fee or tax is assessed. Th(s estimate to based on your current address and may Increase if you move or if tax rates change. You are respon- sible for paying any Increases. See Section 28 for additional infor- mation. 17. Vehicle Maintenance and Damage You are responsible for all maintenance, repair, service, and operat- ing expenses of the Vehicle. You agree to follow the owner's manual and maintenance schedule, and to provide us with written proof of such maintenance. You are responsible for all damage to the Vehicle and for its loss, seizure or theft. You must tell us immediate- ly if any of these events happen, and cooperate with your insurance company. is not covered by a wartanry unless laenanea oeruw: ^ Remainder of standard new vehicle warranty from manufacturer ^ Used vehicle wartanty from manufacturer YOU ARE LEASING THIS VF-HK:LE "AS IS." WE MAKE NO WAR- RANTIES AS TO THE VEHICLE'S CONDRK)N, MERCHANTABILI- TY, SURABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. 19. Optional Insurance and Other Products You are not required to buy any of the Optional Insurance or Other Products listed below to enter into this Lease, and they are not a factor in our credit decision. These insurance and other products will not be provided unless the appropriate box is checked, all information is filled in, you initial below, and you are accepted by the Provider. By your ini- tials below, you agree tfrat you have receNed a notice of the terms of the insurance or product, and you want to obtain the insurance or prod- uct for the premium or charge shown. A portion of the premium or charge shown may be retained by the Lessor (Dealer). ^ Optional Credit LMe Insurance $ N/A N / A aeginnirg Coverage Insureds) N/A $ N/A ~ Provider Premium LesseelCo-le~ee hi6eB ^ Optional CredR Disability Insurance $ N /A Ma%irrNm Mmtldy Cwemga N/A $ N/A ~ Provider Premium LesseelCo~eseeeY~s ^ Optional Mechanical N/A miles/ N/A months Breakdown Protection Coverage N/A $ N/A / Provider Premium or Charge Lessee/Coi.asseeki6als ~~yy L~' Optional Guaranteed Automobile Protection fees Sector 33) THE ONE $ 460.00 ~ Provider Premium or Chart~e Lessee / Colessee Mi9al5 ^ Optional Maintenance Agreement N/A $ N/A ~ Provider Premium or Charge Lessee/Co~Lessee lrY6aLs Total Premiums and Charges $ 460.00 20. Complete Agreement or Modification By your initials, you acknowledge that this Lease contains the entire agreement for the Lease of this Vehicle. There are no other agree- ments. Any change to this Lease must be in writing, and signed by you and by us. ~ Lessee/Cotri6ak 21. Agreement to Arbitrate By inftiaNng below, you agree that at the request of either you or us any controversy or claim (defined In Section 47 of this Lease) between you and us shall be determined by neutral binding arbi- tration. See Section 47 for further terms end conditions. Lessee I CaLessee ki6a6 _.. _. - krdkri~ Mats Rsquked Mafor Vehicle Lease Disclowres THIS IS A LEASE AGREEMENT. THIS IS NOT A PURCHASE AGREEMENT. PLEASE REVIEW THESE MATTERS CARE- FULLY AND SEEK INDEPENDENT PROFESSIONAL ADVICE IF YOU HAVE ANY QUESTIONS CONCERNING THIS TRANSACTION. YOU ARE ENTITLED TO AN EXACT COPY OF THE AGREEMENT YOU SIGN. Lease Slgrtaturss and NotlCSs NOTICE TO LESSEE AND CO-LESSEE: (1) DO NOT SIGN THIS LEASE BEFORE YOU READ BOTH SIDES OF IT OR IF IT CONTAINS ANY BLANK SPACES; (2) YOU ARE ENTITLED TO A COMPLETELY FILLED IN COPY OF THIS LEASE WHEN YOU SIGN IT. BY signing below, you acknowledge that: (1) You have read the entire Lease, including the back side; (2) You agree to all of the provisions of this tease; (3) You have received a completely filled-in copy of this Lease; (4) This is a lease; you have no ownership interest in the Vehicle unless and until you exercise your option to purchase set forth in this Lease. Lessee Co-Lessee Signature Notice Regarding Assignment. As part of a like-kind exchange program, TMCC has engaged TOI Exchange, LLC ('TOI") as a qualified intermediary. Lessor is hereby notified that TMCC has assigned to TOI its rights (but not its obligations) in agreements to acquire the Vehicle. The Lessor hereby accepts this Lease and assigns to Toyota Motor Credit Corporation all rights, title and interest in the Lease and in the Vehicle, and Lessor's rights under any guaranty executed in cronnection with this Lease, with full powers to Toyota Motor Credit Corporation to collect and discharge all obligations related to this Lease, any guaranty, and this assignment. JORDAN AUTOMOTIVE AGENT 05/12/2010 Lessor By Title Date ~ndfana PLEASE READ THE BACK SIDE FOR ADDITIONAL TERMS AND CONDITIONS 6oo51N ire II'~I'IIII,IIII,III III'IIII~'I,~II~,IIIIIIIII I~'I PREVIOUS TMCOC COPYY NOT BE USED