HomeMy WebLinkAboutResolution - 2011-R0162 - Contract - Bee Equipment Sales Ltd.- Lease Asphalt Paver - 04/14/2011,Resolution filo. 2011—RO162
IApail 14, 2011
Item No. 5.9
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to
execute for and on behalf of the City of Lubbock, Contract No. 10066 for lease of asphalt
paver per Buy Board Contract 345-10, by and between the City of Lubbock and Bee
Equipment Sales, Ltd, and related documents. Said Contract is attached hereto and
incorporated in this resolution as if fully set forth herein and shall be included in the
minutes of the City Council.
Passed by the City Council on April 14, 2011
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TOVMARTIN, MAYOR
ATTEST:
Reb ca Garza, City Secretary
APPROVED AS TO CONTENT:
Marsha Reed, P.E., Chief Operati ns Officer
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
+rw:ccdocs/RES.Contract-Bee Equipment Sales, Ltd.
March 29, 2011
Bee Equipment Sales, Ltd.
P.O. Box 3906 - 2506 Slaton Rd.
Lubbock, TX 79452
Phone: 806-745-1511 Fax: 806-445-0543
EQUIPMENT LEASE AGREEMENT
Subject to the approval of the lessor at its home office, Bee Equipment Sales, Ltd., Lubbock, Lubbock County,
Texas, the lessor herein leases upon the terms and conditions hereinafter set out to
CITY OF LUBBOCK , the lessee, of
Contract. 10066
Resolution No. 2011—RO162
P.O. BOX 2000
Home Address
LUBBOCK TX 79457
City State Zip Telephone Number
the following described personal property, viz:
1) ONE (1) 2009 LEEBOY 8515 PAVER
2) S/N 6515T-54865
3) BuyBoard Contract 345-10
4) Rental Price $9000.00
5) 2% Discount
6) INSURANCE VALUE: 139,700.00
7) CUSTOMER TO FURNISH PROOF OF INSURANCE
8)
Hours Out Hours In
will ship as soon as possible to CITY OF LUBBOCK the lessee at
LUBBOCK Job telephone no,
for the MINIMUM RENTAL PERIOD OF THREE (3) MONTHS WITH WEEK TO WEEK OPTION, NOT TO EXCEED FIVE (5) MONTHS
starting 4/14/2011 in consideration of
which lessee hereby agrees to pay the lessor at its office in Lubbock, Texas the following rental
Rental Rate $8,820.00 Monthly_x_ Weekly Daily_
Freight Charges $0.00
Additional Charges $0.00 SURCHARGE: OFF-ROAD HEAVY-DUTY DIESEL EQUIPMENT
Sales Tax 18.25)% S0.00
Total Charges $8,820.00
THREE consecutive MONTHLY rental payments of
EIGHT THOUSAND EIGHT HUNDRED AND TWENTY ($8,820.00 ) dollars beginning
14 -Apr -11
Total of three months payments equal $26,460.00 )
Dollars on
Rental subsequent to the aforesaid minimum period shall be
dollars ($
) per
Should lessee elect to purchase above described equipment, the purchase price shall be
NIA Dollars ($NAA ) PLUS N/A
figured as conversion premium. Pus any additional charges as described in paragraph 2 on reverse side of this agreement
Executed in triplicate this
CITY OF LUBBOCK
Lessee
14TH day of
I have read the terms and conditions on the
reverse side of this agreement and agree thereto.
By
April
Bee Equipment Sales, Ltd.
Lessor
By
for a period of
NIA
( N/A)%
2011
Resolution No, 2011—RO162
EXHIBIT A
AMENDMENT TO LEASE AGREEMENT for
Asphalt Paver
The Rental Agreement ("Agreement") entered into on the 14h day of April, 2011, by and between
the City of Lubbock (LESSEE) AND Bee Equipment Sales Ltd. (LESSOR) of Lubbock, Texas is
hereby amended as follows:
The INDEMNITY provided under BuyBoard Contract 345-10 and Terms and Conditions number 6
and 12 of the Equipment Lease Agreement, attached hereto, shall be effective only to the extent
permitted by law.
THIS AGREEMENT IS TO BE CONSTRUED UNDER TEXAS LAW WITHOUT REGARD TO
CONFLICT OF LAW RULES THAT WOULD DIRECT APPLICATION OF THE LAWS OF
ANY OTHER JURISDICTION. THE OBLIGATIONS OF THE PARTIES CREATED BY THIS
AGREEMENT ARE PERFORMABLE, AT LEAST IN PART, IN LUBBOCK COUNTY, TEXAS.
VENUE FOR ANY ACTION BROUGHT PURSUANT TO THIS AGREEMENT, OR ACTIVITY
CONTEMPLATED HEREBY, SHALL EXCLUSIVELY BE IN LUBBOCK COUNTY, TEXAS.
CITY OF LUBBOCK
Tom1 artin, Nfayor
ATTEST:
S�? � �,
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Reb eca Garza, City Secretary
APPROVED AS TO CONTENT:
Marsha Reed, Chief Operations Officer
APPROVED AS TO FORM:
Assistant City Attorney
CONTRACTOR
BY
Authoriz d Representative
p, Address dr3s�t 3 9/J" dv Lf v�'J •, � % ?� 79lq5-07,