Copier Lease City Hall Main 2010/2015LEASE AGREEMENT
0 OUR VALUED CUSTOMER: This Lease has been written In "Plain English.' When we use the words you and your In thls Lease, we mean you, our
uslamer, which is the Lessee indicated below. When we use the words we, us, and our in this Lease, we mean the Lessor, CIT Technology Financing
services, Inc., our address is P.O. Box 163B, Livingston, NJ 07039.
USTOMER
NFORMATION
Lessee Name
Okeechobee, City Of
Billing Street Address!CriyICounlyiStateRJp
55 SE Third Ave, Okeechobee, Okeechobee, Fl 34974
Equipment Location (If different from above) Lessee Phone No.
(863) 763 -3372
SUPPLIER Supplier Name Supplier Phone No. "SUPPLIER
'NFORMATION EGP, Inc.
EQUIPMENT Quantity Make/Model
DESCRIPTION SEE SCHEDULE A
URCHASE Check one applicable box. If no box Is checked or if more than one box Is chocked, the Fair Market Value Purchase Opllon
JPTION will apply, l:4 Fair Market Value ❑Fixed Price of 5
Fixed Price of of the Total Cash Price
GERM AND Initial Lease Term (Months)
_EASE 60
3 AYMENT Additional Pmvlslons
SCHEDULE
Authorized Signature
Print Name Title
Lease Payment
$234.24
Dale
Tax 10#
NSURANCE You are required to provide and maintain Insurance related to the Equipment, and to pay any property, use, and other taxes related to this Lease or the
3, TAXES Equipment (see Sections 4 and 6 on the back of this Lease). if you are tax- exempt, you agree to furnish us with satisfactory evidence of your exemption.
PERMS AND BY SIGNING THIS LEASE: (I) YOU ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND THE TERMS AND CONDITIONS ON THE FRONT
ONDITIONS AND BACK OF THIS LEASE; (II) YOU AGREE THAT THIS LEASE iS A NET LEASE THAT YOU CANNOT TERMINATE OR CANCEL, YOU HAVE AN
UNCONDITIONAL OBLIGATION TO MAKE ALL PAYMENTS DUE UNDER THIS LEASE, AND YOU CANNOT WITHHOLD, SET OFF OR REDUCE
SUCH PAYMENTS FOR ANY REASON; (iII) YOU WILL USE THE EQUIPMENT ONLY FOR BUSINESS PURPOSES; (Iv) YOU WARRANT THAT THE
PERSON SiGNiNG THIS LEASE FOR YOU HAS THE AUTHORITY TO DO SO AND TO GRANT THE POWER OF ATTORNEY SET FORTH IN
SECTION 7 OF THIS LEASE; (v) YOU CONFIRM THAT YOU DECIDED TO ENTER INTO THIS LEASE RATHER THAN PURCHASE THE EQUIPMENT
FOR THE TOTAL CASH PRICE; AND (vl) YOU AGREE THAT THIS LEASE WILL BE GOVERNED BY THE LAWS OF THE STATE OF NEW
JERSEY AND YOU CONSENT TO THE JURISDICTION OF ANY LOCAL, STATE, OR FEDERAL COURT LOCATED WITHIN NEW
JERSEY. YOU AND WE EXPRESSLY WAIVE ANY RIGHTS TO A TRAIL BY JURY,
=AX EXECUTION: A fax version of this Lease when received by us shall be binding on you for all purposes as if originally signed. However, the Lease shall only
become effective and binding against us when originally signed by us. You agree that the only version of the Lease that Is the original for ail
purposes Is the version containing your fax signature and our original signature. You waive notice of our acceptance of this Lease and receipt
of a copy of the originally signed Lease.
CIT TECHNOLOGY FINANCING SERVICES, INC,
Lessor
X
PERSONAL GUARANTY
HIS PERSONAL GUARANTY CREATES SPECIFIC LEGAL OBLIGATIONS. When we use the wards you and your in this Personal Guaranty, we mean the Personal
;uaranlor(s) indicated below. When we use the words wo, us, and our in this Personal Guaranty. we mean CIT Technology Financing Services, Inc., the Lessor identified in the
ease.
a consideration or our entering Into the lease agreement Identified above "Lease you unconditionally and Irrevocably guarantee lo us, our successors and assigns the prompt
ryme.nt and performance of all obligations of the Customer identified above ('Lessee") under the Lease. ?au agree that this is a guaranty of payment and not of collection, and
hat we can proceed directly against you without first proceeding against the I eases or against the equipment covered by the base. You waive all defenses and notices, including
hose of protest, presentment and demand. You agree that we can renew, extend arotherwise modify the terms of the Lease and you will be bound by such changes. If the
,essee defaults under the Lease, you will immediately perform all obligations piths Lessee under the Lease, Including, but not limited to, paying all amounts due under the Lease.
'ou will pay to us all expenses (Including atlomays' fees) Incurred by us in enforcing our tights against you or the Lessee. This Is a continuing guaranty which will not be
tischarged or affected by your death and will bind your heirs and personal representatives. You waive any rights to seek repayment tram the Lessee In the event you must pay us,
F more than one personal guarantor has signed this Persanai Guaranty, each of you agree that your liability is Joint and several. You authorize us or any of our affiliates to obtain
radii bureau reports regarding you personal credit, and make other credit Inquiries that we determine are necessary. THiS PERSONAL GUARANTY IS GOVERNED BY THE
AWS OF THE STATE OF NEW JERSEY. YOU CONSENT TO THE JURISDICTION OF ANY LOCAL, STATE OR FEDERAL COURT LOCATED WITHIN NEW JERSEY.
'011 EXPRESSLY WAIVE ANY RIGHT TO ATRIAL BY JURY.
X
'arsenal Guarantor (no title) Personal Guarantor (no title)
57 (2100tO261)
Apprrnat t
Louse M
Customer m
You agree to pay at Ilia time you sign this Lease:
A) Total Advance Lease Payment 0 (Ma.) =5 0
B) SalesiUse Tax on Advance Lease Payment =5 0.00
0) One -lime Document Fee S 75,00
0) Total of A +B +C
If more Than one Lease Payment Is required In advance, the additional
amount will be applied at the end of the Initial or any renewal tang
Okeechobee, Ci
Lessen
X_: ti
Authorized Signal
'lint Name Date Print Name Date
tome Street Address!CllylStatalZtp Home Street AddresslClty /StatelZip
1 1
3oclal Security Number Phone Number 6oclat Security Number Phone Number
Serial Number
PLUS
APPLICABLE
TAXES
PLUS
APPLICABLE
TAXES
Print Name &TIUe Dale
Lease
Equipment Model Serial
Description:
Kyocera Color Copier 400C1
Kyocera Doc Feed DP750
Kyocera Finisher DF780
Kyocera Paper Deck PF760
Kyocera Job Separator JS720
Att Kit.
Okeechobee, City Of
Lessee:
By:
SCHEDULE A
Date:
CUSTOMER
INFORMATION
Date
Print Name Title
Lessee
di
Billing Street Address/City/State/Zip
This Addendum supplements the provisions of the Lease
Agreement identified by the Lease Number and/or Schedule
Number specified above "Lease You and we make this
Addendum an integral part of the Lease. Capitalized terms
used in this Addendum that are not defined will have the
meanings specified in the Lease. If there is any conflict
between the Lease and this Addendum, then this Addendum
will control and prevail.
1. Title. We will hold title to the Equipment. If (a) you
have not terminated this Lease in accordance with Section 16
of this Lease and (b) no Default exists, then upon your
payment to us of all Lease Payments and other amounts due
under this Lease, at the end of the term of this Lease, you
will be entitled to our interest in the Equipment, "AS 1S,
WHERE IS," without any warranty or representation from
us, express or implied, other than the absence of any liens by,
through or under us. This Section 1 replaces Section 7 of
this Lease entitled "Title; Security Interest
2. Funding Intent. You reasonably believe that funds can
be obtained sufficient to make all Lease Payments and other
payments during the term of this Lease. You agree that your
chief executive or administrative officer (or your
administrative office that has the responsibility of preparing
the budget submitted to your governing body, as applicable)
will provide for funding for such payments in your annual
budget request submitted to your governing body. If your
governing body chooses not to appropriate funds for such
payments, you agree that your governing body will evidence
such non appropriation by omitting funds for such payments
due during the applicable fiscal period from the budget that it
adopts. You and we agree that your obligation to make
Lease Payments under this Lease will be your current
expense and will not be interpreted to be a debt in violation
of applicable law or constitutional limitations or
requirements. If a Default occurs, any judgment obtained
against you will be enforceable solely against revenues
allocated by your governing body for such purpose. Nothing
contained in this Lease will be interpreted as a pledge of
v4-
Lease
your general tax revenues, funds or moneys. Regardless of
any other provisions of this Lease, no ad valorem taxes are
pledged to the payment of any amount due under this Lease.
Also, all amounts due under this Lease will be paid only
from funds arising from sources other than ad .valorem
taxation unless one of the following conditions is satisfied:
(i) you are a county and the term of this Lease is sixty (60)
months or less; (ii) you are a school district and the term of
this Lease is twelve (12) months or less; or (iiii) you are a
municipality and if you are a home rule city, your charter
does not prohibit the payment of amounts due under this
Lease from ad valorem taxation revenues. This Section 2
replaces Section 15 of this Lease entitled "Funding Intent
3. Non appropriation of Funds. If (a) sufficient fiends are
not appropriated and budgeted by your governing body in any
fiscal period for Lease Payments or other payments due under
this Lease, and (b) you have exhausted all funds legally
available for such payments, then you will give us written
notice and this Lease will terminate as of the last day of your
fiscal period for which funds for Lease Payments are
available. Such termination is without any expense or penalty,
except far the portions of the Lease Payments and those
expenses associated with your return of the Equipment in
accordance with Section 3 of this Lease for which funds have
been budgeted and appropriated or are otherwise legally
available. Upon such termination, all of your rights and
interests in the Equipment will vest in us. This Section 3
replaces Section 16 of this Lease entitled "Non appropriation
of Funds
4. Choice of Law. Regardless of any conflicting
provisions in this Lease, THIS LEASE WILL BE
GOVERNED BY THE LAWS OF THE STATE OF
FLORIDA. This Section 4 replaces Section 19 of this
Lease entitled "Governing Law
Lessor CIT Technology Financing Services, Inc.
Authorized Signature
Print Name Title
Date
State and Local Government
Lease Purchase Addendum (Florida)
Schedule
Annual Rate of Interest
��o
Lease Agreement Number.
Customer Name:
Okeechobee, City Of
Authorized Signature
X
Print title:
Date:
By signing this Certificate, you, the Customer
identified below, agree:
A) That all equipment described in the lease or rental agreement identified
below "Equipment has been delivered, inspected, installed and is
unconditionally and irrevocably accepted by you as satisfactory for all
purposes of the lease or rental agreement; and
B) That we, CIT Technology Financing Services, Inc., are authorized to
purchase the Equipment and start billing you under the lease or rental
agreement.
Ca (210010201)
DELIVERY ACCEPTANCE
CERTIFICATE
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