HomeMy WebLinkAbout03352 ORD - 11/18/1952-r
AN ORDINANCE
AUTHORIZING AND DIRECTING THE CITY MANAGER FOR AND ON BEHALF
OF THE CITY TO EXECUTE A LEASEPURCHASE AGREEMENT WITH J. E.
INGRAM EQUIPMENT COMPANY COVERING ONE TAMPO R9, 9 -WHEEL
PNEUMATIC ROLLER WITH 6 -PLY SMOOTH TIRES, 8 CUBIC FOOT BALLAST
BOX. MACHINE- 11790-CK AND ONE HI -WAY R4 SPREADER BOX WITH
4 TRACTION TIRES. MACHINE #13102R FOR AND IN CONSIDERATION OF
THE SUM OF $2,612.60 OF WHICH SUM $800 IS THE INITIAL PAYMENT,
$10 .60 I5 4% INTEREST ON THE DIMINISHING BALANCE, SUCH-BALANCE
BEING $1,710.001 SAID ROLLER BEING $1,445.00 AND SAID SPREADER
BOX BEING $1,065, WHICH PAYMENT IS TO BE MADE FROM ND. 108
STREET FUND - XD ACCOUNTS PAYABLE, STREET M/C, FOR THE USE OF
CITY DEPARTMENTS, ALL IN ACCORDANCE WITH THE TERMS AND PROVI-
SIONS OF SAID AGREEMENT, A COPY OF WHICH IS ATTACHED HERETO
AND MADE A PART HEREOF; AND DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS:
SECTION 1. THAT THE CITY MANAGER BE, AND HE IS HEREBY AUTHORIZED
AND DIRECTED FOR AND ON BEHALF OF THE CITY TO EXECUTE A LEASE PURCHASE AGREE-
-. M ENT COVERING ONE TAMPO R9, 9 -WHEEL PNEUMATIC ROLLER WITH 6 -PLY SMOOTH TIRES,
98 CUBIC FOOT BALLAST BOX, BEING MACHINE No. W- 11790 -CK AT A COST OF $1,445.00
AND ONE HI -WAY R4 SPREADER BOX WITH 4 TRACTION TIRES, BEING MACHINE NO. 13102R ,
AT A COST OF $1,065.00, FOR AND IN CONSIDERATION OF $2,612.60, OF WHICH SUM
$800 15 THE INITIAL PAYMENT, $102.60 IS 4%,. INTEREST ON THE DIMISHING BALANCE,
WHICH DIMISHING BALANCE TOTALS $1,710.00, SAID SUM TO BE PAID OUT OF N0. 108
STREET FUND - XD ACCOUNTS PAYABLE, STREET M/C, FOR USE OF CITY DEPARTMENTS,
ALL IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS ATTACHED HERETO AND
MADE A PART HEREOF.
SECTION 2. THAT THE NECESSITY OF MAINTAINING AND KEEPING CONTINUOUSLY
IN OPERATION SUCH CITY EQUIPMENT AND THE NECESSITY OF IMMEDIATELY PROVIDING FOR
THE EXECUTION OF SUCH AN AGREEMENT TO PROVIDE SAID EQUIPMENT FOR USE OF CITY
DEPARTMENTS, SUCH OPERATIONS BEING TO THE BENEFIT OF THE PUBLIC HEALTH, SAFETY
AND GENERAL WELFARE, CREATES A PUBLIC EMERGENCY AND AN IMPERATIVE PUBLIC NECES-
SITY REQUIRING THE SUSPENSION OF THE CHARTER RULE THAT NO ORDINANCE OR RESOLU-
TION SHALL BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND THAT SUCH ORDI-
NANCE OR RESOLUTION SHALL BE READ AT THREE SEVERAL MEETINGS OF THE CITY COUNCIL,
AND THE MAYOR, HAVING REQUESTED THE SUSPENSION OF SAID CHARTER RULE AND THAT
THIS ORDINANCE BE PASSED FINALLY ON THE DATE OF ITS INTRODUCTION AND TAKE EFFECT
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AND BE IN FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE, IT IS ACCORDINGLY
PASSED AND APPROVED, THIS THE 18TH DAY OF NovEM ER, A.D. 1952.
MAYOR
THE CITY OF CORPUS CHRISTI
AT EST:
CITY SECRETARY
APPROVED AS TO LEGAL FORM:
CITY ATTORNEY
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CORPUS CHRISTI, TEXAS
. /d 1952
TO THE MEMBERS OF THE CITY COUNCIL
CORPUS CHRISTI, TEXAS-
GENTLEMEN:
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FORE-
GOING ORDINANCE OR RESOLUTION, A PUBLIC EMERGENCY AND IMPERATIVE PUBLIC
NECESSITY EXIST FOR-THE SUSPENSION OF THE CHARTER RULE OR REQUIREMENT THAT
NO ORDINANCE OR RESOLUTION SHALL BE PASSED FINALLY ON 1HE DATE IT IS IN-
TRODUCED, AND THAT SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE
SEVERAL MEETINGS OF THE CITY COUNCIL. I, THEREFORE, HEREBY REQUEST THAT
YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS ORDINANCE FINAL-
LY ON THE DATE IT IS INTRODUCED OR AT THE PRESENT MEETING OF THE CITY COUN-
CIL.
RESPECTFU Y,
M YOR
CITY OF CORPUS CHRISTI
THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTE:
LESLIE WASSERMAN
JACK DEFORREST
N
GEORGE L. COWMAN
FRANK E. WILLIAMSON
7n. Q,
THE ABOVE ORDINANCE OR RESOLD I.ON WAS PASSED BY THE FOLLOWING VOTE:
LESLIE WASSERMAN
JACK DEFORREST '
GEORGE L. COWMAN !�
FRANK E. yWI LL II A�MSON
3 3 5�z
STATE OF TEW
COUNTY OF NUECES
This LEASE AGREEMENT made and entered into between the CITY OF CORPUS
CHRISTI, a municipal corporation of Nueces County, Texas, hereinafter called the
CITY and J. E. Ingram Equipment Company
hereinafter called LESSOR,
WITNES8ETHs
LESSOR has leased, demised and rented, and by these presents does lease,
demise and rent to CITY for the period from the ` day of , A.D.
79, , to the day of , A.D. 19_, both date inclusive, the following
equipments
1 - Tampo R9, 9-Wheel Pneumatic Roller with 7;50x15 6 -ply smooth tires.
98 cu. ft. ballast box. Machine #ANT- 11790 -CK ($1,445.00)
1 - Hi-Bay R4 Spreader Box with 4 Traction tires - 6sO0x9 5 -ply.
Heavy Duty Agitator and adjustable hitch. ($1,065.00)
Machine Serial # 13102R.
0
It is distinctly and specifically understood that the equipment herein
leased and rented by CITY from LESSOR shall be used exclusively in the service of
CITY.
4
II.
In consideration for the lease and rental of said equipment, CITY promises
to pay LESSOR and LESSOR agrees to accept from CITY the following rentals on or be-
fore the dates specified belows
Date Amount
Cash Payment $800.00
Plus Int. ® 4� on1,71D.00 , 19 , 902.60
OR w en 0�,o a ove eq pmen�is
delivered to CITY
11/15 , 19 -3 $ 855.00
u115 , 2,9-"4 $ 855.00
It is agreed by LESSOR and CITY that such rentals shall be paid from the
current revenues of CITY for the years in which such payments fall due.
3
'III.
It is recognized that some of the equipment will be delivered by
LESSOR to CITY upon the effective date of this lease, while some of the equip-
ment 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 and that such will be
sent to LESSOR earmarked for the CITY OF CORPUS CHRISTI and delivery will be
made immediately to CITY upon receipt thereof; in this connection, it is esti-
mated that total delivery hereunder can be effected within 15 days
after the execution of this agreement.
With reference to the above equipment that is delivered upon the
effective date of this agreement, the CITY accepts such equipment in the condi-
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.
With 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 oare of said equipment
as a'reasonablp careful person would take care of his 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 (3) that if
any of said equipment is lost, taken or destroyed by fire, theft, windstorm, public
disaster, act 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
expenee 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
CITY shall be liable for the payment of such 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, and
(6) at the time the CITY exercises its option to purchase, as provided for herein,
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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 rented
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 LESSOR, 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 CITYtS
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 slum of $ 855.00 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 2,612.60 and the total consideration of
the rental and subsequent purchase by option of said equipment is the principal
sum of $ 2,510,00 , 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.
V.. x-
Default on the part of CITY iA paying said rent or any installment thereof,
as hereinabove provided, or default on CITY9S part in keeping or performing any of
the terms, covenants, agreements or conditions contained in this lease shall authorize
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J,
LESSOR, at its option and at any time 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 4
percent per annum. In case CITY makes default in the performance of any of the
terms, 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 hands 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 attorney's fee.
VI.
It is understood and agreed by and between the parties hereto as follows
1. All payments of rentals, or any other payments hereunder shall be
made by CITY to the account of LESSOR, or its order, in
Bank, 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 tolforfeit
Fame shall not be waived or defaulted except by written waiver of LESSOR, and accep-
tance of rent shall not be construed as such waiver.
3. A 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
and sae 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
lease; 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 leas®. ?
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r.
The apparatus delivered to the CITY by LESSOR is warranted and guaranteed
and represented to be in fit, sound and workmanlike condition and to conform in all
respects to the manufaoturerts 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.
IS.
In this agreement where rite 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_
CITY OF CORPUS CHRISTI, TEXAS
Attests
By
City Manager
City Secretary
Countersigneess
City Controller
LESSOR
Approveda
Y
Assiatant City Attorney c