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HomeMy WebLinkAbout02980 ORD - 01/23/1951AN ORDINANCE AUTHORIZING AND DIRECTING THE CITY MANAGER FOR AND ON BEHALF OF THE CITY OF CORPUS CHRISTI, TEXAS, TO E%"nCUTE WITH J. E. INGRAM EQUIPMENT COMPANY A LEASE CONTRACT WITH OPTION TO PURCHASE ONE ONLY TROJAN LOADSTER, DI)DEL LM-75, FOR A TOTAL CONSIDERATION OF FOUR THOUSAND TIME HUNDRED AND NINETY Biro DOLLARS ($4,392.00) PLUS INTEREST FOR THE USE OF THE DEPARTMENT OF PUBLIC WORES (STREET DIVISION); SAID AMOUNT ABOVE SET OUT BEING PAYABLE FROM NO. 108 STREET FUND, UNDM THE TERMS AND CONDITIONS SET FORTH IN SAID LEASE CONTRACT, A COPY OF WHICH IS ATTACHED HERETO AMID MADE A PART HERECF; AND DECLARING AN EMERGENCY. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That the City Manager of the City of Corpus Christi be, and he is hereby, authorized and directed to execute with J. E. Ingram Equipment Company a lease contract with option to purchase one only Trojan Loadster, Model LM-75 (Front Loader) for the use of the Department of Public Works (Street Division) for a total consideration of Four Thousand Three Hundred and Ninety -Two Dollars ($4,392.00) plus interest, which is to be payable from No. 108 Street Fund, under the terms and conditions set forth in said lease contract, a copy of which is attached hereto and made a part hereof, reading as follows. r STATE CF TEXAS COUNTY OF NUECES This D3A8E AGREEMENT made and entered into between the CITY CF CCRPUS CHRISTI, a municipal corporation of Nueces County, Texas, hereinafter called the CITY and - J. E. Ingram Epuipment Company Corpus Christi. Texas hereinafter called IESSCR, W I T N E 8 S E T H s I. LESSOR has leased, demised and rented, and by these presents does lease, demise and rent to CITY for the period from the 15th day of January , A.D. 1951, to the 15th day of January , A.D. 19.51, both dates inclusive, the following equipment: One (1) only Trojan Loadster, Model LM -75, Serial #A -186 pneumatic mounted, gasoline pmYered by International Engine, Model M, engine #FBEM- 232868, 4 cylinder 40 H.P. Q 1450 RPM, electric starter; With hydraulic controlled loader bucket, capacity (heaped) loose material 1} yards. Tires 14:00 x 24 and 8:25 x 20. Approximate weight 13,550# List Price, complete - $ 6,142.00 Less trade -in Equipment No. 456 Case DI Tractor, serial #4915089DI Equipped with Hough Loader #D145230 - 1,750.00 Net $ 4,392.00 It is distinctly and specifically understood that the equipment herein leased and rented by CITY from IESSOR shall be used exclusively in the service of CITY. II. In consideration for the lease and rental of said equipment, CITY promises to pay IESSCR and IESSCR agrees to accept from CITY the following rentals on or be- fore the dates specified below: Date Amount Initial payment, $1,74.00, plus interest on deferred e o , 19LI, $ 1,639.68 OR when o above equipment is delivered to CITY January 15_, 19 2 $ 1,464.00 7 3 5 4 ' :' • •. r January 15_, 1953 $ 1.464.00 It is agreed by LESSCR and CITY that such rentals shall be paid from the current revenues of CITY for the years in which such payments fall due. III. It to recognised that some of the equipment will be delivered by LESSOR to 017Y upon the effective date of this lease, while some of the equip - isent may not be delivered on such date, but LESSOR agrees and binds itself that as to that portion of the equipment not immediately delivered to CITY that it Will forthwith order such equipment from the manufacturer end that ouch will be sent to LESSOR earmarked for the CITY OF CORPUS 0M TI and delivery will be made immediately to CITY upon receipt thereof; in this connection, it is esti- mated that total delivery hereunder care be effected within 10 days after the execution of this agreement. Mth reference to the above equipment that is delivered upon the effective date of this agreement, the CITY accepts such equipment in the ocadi- tion in which it is now in, and LESSOR shall not be obligated or required to make any improvements, replacements or repairs of any kind or character upon or to said equipment or any of it during the term of this lease. Mth reference to the equipment which will be delivered after the effective date of this agreement; it is agreed by and between the parties here- to that the CITY will have a reasonable time after the delivery of such equip- ment to determine whether to accept or reject same. LESSOR shall not be obli- gated to incur or pay any expense of any kind or character during the entire term of this lease by reason of or in connection with the purpose for which said equipment was designed. CITY agrees (1) to take the same care of said equipment as a reasonably careful person would take care of hie own property, and (2) to keep said equipment in good repair and condition during the entire term of this lease, subject only to normal wear and tear, by reason of its use by CITY for the purpose for which said equipment was designed. CITY further agrees (j) that if any of said equipment is lost, taken or destroyed by fire, theft, windstorm, public disaster, not of God, or any casualty or cause whatsoever, there shall be no abate- ment of the rent provided for herein and (4) that CITY shall promptly and at its expeinse replace any of said equipment which is so taken, lost or destroyed, and (5) if a registration of license fee is required by the State of Texas then the CITt shall be liable for the payment of ouch fee and in the event such a registra- tion or license fee is paid by the LESSOR, then the CITY shall reimburse the LESSOR for any and all amounts paid as such license or registration fee by the LESSOR, ant (b) at the time the CITY exercises its option to purchase, as provided for herein, - 2 - CITY agrees and obligates itself to execute all necessary and proper exemption certificates on all Federal excise taxes paid by LESSOR and if within 90 days after the purchase by the CITY of the equipment herein leased and rerAed by CITY from LESSOR, LESSOR has not been refunded by the Federal government said Federal excise taxes, CITY binds and obligates itself to pay to LESSOR the full amount of said Federal Excise taxes, provided, however, that if after CITY has paid to the LESSOR the amount of said excise taxes, such taxes be refunded to LESSOR, then LESSOR binds and obligates itself to pay to CITY the amount of said Federal excise taxes so refunded by the Federal government to LESSOR and thereto- fore paid by the CITY to LESSCR, CITY (7) still further agrees to indemnify, hold and save LESSOR harmless from any civil or criminal suit or liability whatsoever, arising out of or in connection with the use or possession of said equipment by CITY under this lease and for the entire term thereof. IV. CITY shall have the right and option to purchase said equipment from LESSOR upon or before the expiration date of this lease, if CITY is not in default in any of its obligations under this lease. This option may be exercised by CITY'S giving notice in writing to LESSOR not less than thirty (30) days prior to said date of its intention to exercise said option, and by its payment to LESSOR in cash of the sum of $ 1,464.00 on or before the expiration date of this lease. There shall be deducted, however, from such purchase price the total amount of all rentals paid by CITY to LESSOR for the rent of said equipment as provided herein. The option payment for the purchase of and acquisition of title to said equipment as so computed is $ 4,567.6$ and the total consideration of the rental and subsequent purchase by option of said equipment is the principal sum of $ 4,392.00 , plus interest on the deferred payments subsequent to the date of this instrument at the rate of 4 percent per annum from that date until paid. Upon exercise of the option and payment of the purchase price upon the terms and within the time aforesaid, LESSOR agrees promptly to execute and deliver to CITY such instruments or evidences of title to said equipment as may be necessary or proper to vest good title thereto in CITY. P. Default on the part of CITY in paying said rent or any installment thereof, as hereinabove provided, or default on CITY'S part in keeping or performing any of the terms, covenants, agreements or conditions contained in this lease shall authorise - 3 - LESSOR, at its option and at any tine after such default, and after thirty (30) days written notice to CITY, to declare this lease terminated and to repossess said leased equipment with or without legal process, and without prejudice to any of its other legal rights, and any rentals provided for hereunder and unpaid at the time of such default shall become, at LESSORIS option, immediately due and payable and shall bear interest from such date until paid at the rate of lr percent per annum. In case CUY makes default in the performance of any of the terns, covenants, agreements or conditions contained in this lease, and LESSOR places the enforcement of this lease, or any part thereof, or the collection of any rent due or to become due hereunder or the recovery of possession of said equipment or any of it in the hand. of an attorney, or files suit upon same, CITY agrees to pay LESSOR, in addition to the rental payments provided for here- in, a reasonable attorrey'a fee. VI. It is understood and agreed by and between the parties hereto as follows, 1. 611 payments of rentals, or any other payments hereunder shall be made by CITY to the account of LESSOR, or its order, in Corpus Christi Bank and Trust Company ShMN, Corpus Christi, Texas. 2. This lease cannot be changed, varied or extended except by instru- ment in writing signed by LESSOR and CITY, and failure to exercise the option of forfeiting this lease in case of default on the part of CITY shall not waive the right of forfeiture, and any right accruing to LESSOR under this lease to forfeit ' same shall not be waived or defaulted except by written waiver of LESSOR, sal accep- tance of rent shall not be construed as such waiver. j. 6 holding over after the termination of this lease shall not renew or extend the same, but shall constitute CITY a tenant or' possessor of said equip - ment at sufferance. VII. LESSOR covenants and agrees (1) that CITY, on paying the said rent and performing the said covenants contained herein in the manner and within the times herein provided, shall and may peaceable and quietly have, hold and enjoy possession iad two of said leased equipment for the term aforesaid, and (2) that it will defend CITY in peaceable possession of said leased equipment for the full term of this lemser CITY covenants and agrees not to suffer, commit or permit any waste, of or damage to the leased equipment or any of it during the entire term of this lease. -4- The apparatus delivered to the CITY by IESSOR is warranted and guaranteed and represented to be in fit, sound and workmanlike condition and to conform in all respects to the manufacturer's guarantee given to LESSOR. VIII. It is understood and agreed by and between the parties hereto that in the event the CITY at any time should exercise its option to purchase the equipment specified herein, the CITY shall have no right to purchase only a part of said equipment but the CITY shall be required and obligated to exercise its option rights provided in this agreement on the whole of said equipment. I%. In this agreement where "it" is used, "he* shall apply in the proper instance. IN TESTIMONY WHEREOF, the CITY OF CORPUS CHRISTI has caused this lease agreement to be signed by its City Manager, countersigned by.its City Controller, and attested by its City Secretary, with its corporate seal affixed thereto, pur- suant to the terms of an ordinance passed by the City Council, and LESSOR has caused this agreement to be executed this day of , A.D. 19_ Attest: CITY OF CORPUS CHRISTI, TEXAS City Manager City Secretary Countersignees: City Controller 1FSSCR Approved: Assistant City Attorney 7 SECTION 2. The necessity for providing equipment for the use of the said City Department as soon as possible being of great public importance creates a public emergency and a public imperative necessity requiring the auspension of the Charter rule that no ordinance or resolu- tion shall be passed finally on the day it is introduced and that such ordinance or resolution shall be read at three several meetings of the City Council, and the Mayor, having declared such emergency and neceasity to exist, having requested the suspension of said Charter rule and that this ordinance be passed finally on the day it is introduced and take effect and be in full force and effect from and after its passage, IT IS ACCORDINGLY SO ORDAINED. PASSED AND APPROVED, This the day of January, A. D. 1951. M4 Y //''�� The City of Corpus Christi 4JT T: ��uJ {{ 0 Q _ City Secretary K D AS B�LEGAL FOR14: ,City Attorollf Corpus Christi. Texas ,sjgnu =y Z s 1944 51 TO TU EMUS OF THE CITY CONCIL Corpus Christi, Texas Geatleans - For the reasons set forth in the eaergenoy clause of the fore- going ordinances a public emergency and imperative necessity exist for the suspension of the Charter rule or requirement that no ordinance or resolution shall be passed finally on the date it is introduced, and thiit such ordinnaoe or resolution shall be read at three meetings of the City Concoili I. therefore, hereby request that you suspsud said Charter rile or requirement and pass this ordinance finally on the date it is introduced, or at the present meeting of the City Council. Hespeetfally, City of Corpus Christi, Texas The Charter rule was suspended by rise following Totes Leslie Aksaeran Jack DsForrest /]mil Harney /T Sydney E. eradonL`/6'i��^4_ R. H George L. Lewmaa Tke above ordinance was passed by the following votes Leslie Wasserman Jack DoForrsst Barney Cott 8sdnsy t. Herudon George L. Lowman , a9 ro January 23, 1951 I certify to the City Council that the money required for the contract, agreement, obligation, or expenditure contemplated in the above and foregoing Ordinance is in the Treasury of the City of Corpus Christi to the credit of No. 108 Street Fund Fund from which it is proposed to be drawn, and such money is not appropriated for any other purpose. Director of Finance' �V