Commissioners Court Meeting
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Meeting Date:
03/08/2021
Master Lease with TCF National Bank for golf carts
Submitted for:
Nathan Bratton
Submitted By:
Nathan Bratton
Department:
Civil Legal Division
Subject:
Discussion and possible action to enter into a Master Lease Agreement (#648410L) with TCF National Bank and adopt two Resolutions authorizing negotiation, execution and delivery of Lease No. 008-0648410-100, being a forty-eight month Lease Agreement for the lease of eighty 2021 E-Z-GO RXV Elite Golf Cars together with any and all attachments included thereto in the amount of Seven Thousand Six Hundred Twenty-Two Dollars and Forty Cents ($7,622.40) monthly and Lease No. 008-0648410-302 for the lease of eighty TFM l0EX GPS Units together with any and all attachments and accessories included thereto in the amount of Three Thousand Two Hundred Seventy-Four Dollars and Forty Cents monthly (being a monthly total of $10,896.80) and further authorizing entering into an Equipment Schedule (Fair Market Value Purchase Option) for each of the aforementioned leases and any matters incident thereto; authorizing the County Judge to sign all relevant documents.
[Account #1001-1130-001-431007-010 (Operational Reserve)]
Background:
Additional carts were discussed by the Court and authorized, the lease agreement will allow the acquisition of 80 golf carts.
Previous Court Action:
Fiscal Impact
Budget Account Number:
Operational Reserve
Funding Source:
n/a
Balance:
n/a
Financial Impact:
n/a
Attachments
Master Lease Resolution Lease and Purchase Option carts
Lease Resolution Purchase Option 80 GPS
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