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Resolution No. 92971 RESOLUTION NO. 9297 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF 3 VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT BY AND BETWEEN THE CITY OF 4 VERNON AND CAMINO REAL CHEVROLET FOR A SUBURBAN FLEX FUEL VEHICLE 5 6 WHEREAS, the City of Vernon (the "City") has an ongoing need 7 to replace vehicles in its service fleet; and 8 WHEREAS, flexible fuel vehicles are designed to run on 9 gasoline or a blend of up to 85% ethanol and, except for a few engine 10 and fuel system modifications, they are identical to gasoline -only 11 models; and 12 WHEREAS, the City desires to lease a 2007 Chevrolet 13 Suburban, 2WD, LTZ Flex Fuel vehicle from Camino Real Chevrolet for a 14 Period of 36 months for a monthly payment of $777.34; and 15 WHEREAS, the City Council of the City of Vernon has 16 determined that, pursuant to the provisions of subsection (a) of 17 Section 2.27 of the Vernon City Code, it is in the public interest and 18 necessity to enter into a lease agreement with Camino Real Chevrolet. 19 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 20 CITY OF VERNON AS FOLLOWS: 21 SECTION 1: The City Council of the City of Vernon hereby 22 finds and determines that the recitals contained hereinabove are true 23 and correct. 24 SECTION 2: The City Council of the City of Vernon hereby 25 approves the GMAC Smartlease agreement with Camino Real Chevrolet, in 26 substantially the same form as Exhibit A which is attached hereto and 27 incorporated herein by reference. 28 SECTION 3: The City Council of the City of Vernon hereby 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19' 20 21 22 23 24 25 26 27 28 authorizes the Mayor to execute said Lease for, and on behalf of, the City of Vernon and the Acting City Clerk is hereby authorized to attest thereto. SECTION 4: The City Council of the City of Vernon hereby authorizes the Acting City Administrator, or his designee, to make whatever nonsubstantive, administrative and/or text changes, upon advice of counsel, to the Lease. SECTION 5: The City Council of the City of Vernon hereby directs the Finance Department to handle the processing of the signed Lease to all parties. SECTION 6: The City Council of the City of Vernon hereby authorizes the Acting City Administrator, or his designee, to execute any and all documents necessary or required to implement and carry out the leasing of the vehicle consistent with the terms of the Lease approved herein for, and on behalf of, the City of Vernon and to perform such other acts and deeds, as may be necessary or convenient to effect the purposes of this Resolution and the transactions herein authorized. SECTION 7: The Acting City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 16th day of April, 2007. ATT ST: MANVELA GIRON, Ac ing City Clerk f LEONIS C. MAL RG, M yor - 2 - 1 STATE OF CALIFORNIA ) ss 2 COUNTY OF LOS ANGELES } 3 4 I, MANUELA GIRON, Acting City Clerk of the City of Vernon, do 5 hereby certify that the foregoing Resolution, being Resolution No. 6 9297, was duly adopted by the City Council of the City of Vernon at a 7 regular meeting of the City Council duly held on Monday, April 16, 8 2007, and thereafter was duly signed by the Mayor of the City of g Vernon 10 11 ANUELA G N, 4cfing City Clerk 12 (SEAL) 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 - 3 - EXHIBIT Ll- "� �7 i7 si D l? W CIS M -1 --n .� .a. Fig i -G U_ 7 OO G m Q_ to cr N O CD CS. N 0 p ? ppt+ m ra. 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W p C 'C Af W t0 © O a m C7 �' o W 01 n- a�4*Mc c r-°o} m C Pam p} m m m m 04/12/07 THU 12:01 [TX/RX NO 76081 Q006 \ . . \\\ 22 4p mm2 k` �k z } ©§ mxz k( . � �■. .Aq � §} .�§2 2 z-1 / Cr ID . _ \�0 (� m�2 ■ / m ]§ E , g / 22 m el m/§ . > OR lb m B w\ /§ 2 m �2 k§rn tj .c C mmm $MM -` ( \C f gE§ }©« m ° j E � // �� /� z z , E_ f(D // . . CL 2 §£ k / (a Err / � \ § k k. . E R§ a < e . 04/12/07 THU 12:01 [TX/RX NO 76O81 @ 007 SUPPORTING DOCUMENTS Vi- GMAC SMAnAusE® — Monthly Payment 2 72 LESSEE„ +Nd CO -LESSEE) ("You") name and address, including county Garaging address (d different) LESSOR (Retailer)) Af N • VER A� N y ./1RT N Principal driver (b business use) pg Ey SIZE, Y�PARK� R9 7 4RIA i me Is an agreement to lease a venmie. I Me is not a purchase agreement. You are not burying the vehicle. fly signing thus lease, you agree to everymmg on me mom ana Docx. "We," "us," and 'our" refer to Lessor named above and any assignee. An -"assignee" is a person to whom this lease Is assigned (N it is assigned). IRK this box is checked, Lessor (Retailer) will assign this lease and sell the vehicle to GMAC. ❑ If this box is checked, GMAC helped to arrange this 19ese and Lessor (Retailer) will assign it sell the vehicle to Central Originating Lane Trust. O if this box is checked, Lessor (Retaller) will assign this lease and sell the vehicle to NIA ❑ it this box is checked, Lessor (Retailer) intends not to assign this lease. THE V.EHI6LE.YI7d1UE LEASING New/Used Year Mek® A Modal Body Style Vehicle ID.# Mileage License # Primary Use rlfkrsanel Fam ly, p Commerc al, B usiness, .- ... : - - Nouaehom- orA rlculturai - Dealer Installed Options: GVW (If track) -' - !1111)ublie Conveyance FEDERIG GONSl1N1F LEASING AGE,©ISGI CiSURES 1. Amount Due at Leese 2. Monthly Payments 1. Other Charges (not part of your monthly payment) 4. Total of Payments Signing or Delivery Your first monthly payment of $ 777 _01 is due on Disposition fee (if you do (The amount you will have paid (itemized Below)' 04/ 8I2N07 , followed by AS payments of .' not purchase the vehicle) $_ N by the end of the lease.) $ - 777 Yti due on the lAth of each month. NIA $ N/ $ 1162 76 The total of your monthly payments is $ 27872 :.'Aft Total $ N/ $ 28358.11 'Itemization of Amount Due at Lease Signing or Delivery 5. Amount Due at Lease Signing or Delivery: 8. How the Amount Due at Lease Signing or. Delivery will be paid: a. Capitalized cost reduction,, .-_. ........ _ ......._. $�' NIA a. Net trade-in allowance ...... _... ._....... _ $ N/A - b. First monthly payment -::'" ........ . $" --777-:N1- - - b. Rebates and noncom credits ...... -.. $ NiA c. Refundable security deposit.,.. __..._ __.. $ NIA c. Amount to be -paid In cash _.. ..-- $ 1162.76 d. Tile Ieas $ NIA A:_Registranon fees _..(377.00.);.. -_::.. $; '3 .1l(_ZZ-, .1( I. Sales/use tax .......... .......... .............. V N/A _ 9. CA TTNF FEF ............._ V R 75 h. NIA .,.. $ NIA 1. Total ....:.:. d `' 11W, 76d. Total $ 1162.76 7. Your monthly payment Is determined as shown below: a Omss capl5e(17sd coat. The agreed upon value.of the vehicle ($ AAOt"1q (lit) gird any kerns you'pay,f.r over the leo. term (such as mm ce contracts, , -(Vi0Yahse ""rtndd 48604-00 shy outstmwing poor madit or lease balance) :;- ..._I -__ ... r�.,.A ,.-. ...... ..y..... b, GApltafl3etl coat reduction. The amount of anynet wade -in sllowence,;66*1ri ncash Credit, or cash you pay that reduces the gross capitalized cost _ $ - $' NIA c. Adjusted capitalized cost. The amount used in calculating your base mo rtluy payment.. $ 48604 -00 d,Rmfidual Voice. The value of the: vehicle at the and of the lease 'used in'ealculating your base monthly payment _.,. ....... _.... .__. - $ 11826 -00 e. rise r$faiidh and any amortized amounts The amount charged for the vahitcle's decline In value through normal use and for other items paid over 06.1 tlh, 16708. DO $ 16 I. Rant charge. The amount charged n addition to the depreciation and any amortized amounts ... .... ..- .... + $�2 4 g-Total x$la +it`aYe'tndhRhi y payments. TRe,"depreciation and amy. amomzed amounts plus the rent charge r:: -. _. - _ _ $�-6— h. Lease payments. The number of payments In your lease I BRse rSlont)r(y,payment ..... ..... ... _ $ _. J. Monthly tax �.. $ z nissi/uae (estimated), ...... .._. .- .. ...... .... ... k• �%A I. Total monthly payment ,x �- $ Eery Terminetlon. You mby;haw tia pay a aubsdfi ial Charge If you and this lease early. The shame may be uoto Several thousand dollars. The actual ohwill depend on when:the taste l; termlftataA. The earlier you antl the lease, the greeter this charge Is likely to be. F.eesdhiFWesFaed-Usec'You'maybe charged for excessive wear bated -oApurata'odardtf.or normai use and for Mllegqe,i'iLgytce f miles per year at the rate of$ �'Etl'!b 1nper mile. g. Purchasa:AYtWh al bet of Lease:Term. You have an option to buy the vehicle at the end of the lease term for $ • -", plilsb[flpial fees and taxes. a.n,-max.am,easrvar,r.,.:�e ,,, a.aeaa .aeee,..ann eel a"i"r,..�ru.., a,; eev;.a� e,,s,...k ... e.,n.m,.�. ...,,.sa.:.,,.w. ,.a......:,m... w,,.....,+..:...:::.. ........ r.>.,., ." , 'i •. , . !1. 17EMIZATiON OF GROSS CAPITALIZED COST. - 48Q0! a. Agreed upon value bf the vehicle as equipped at lease aigning... $_ b. Agreed upon value of accesspries or optional equipment that Lessor agrees to add to the vehicle aherleaseeigning, -(Describe)' - $_ (Desonbe) + $ (Describe). __.. +$ a GMAC administrative fee , + $— �' d. LicenselregistrationAAle fees _�_ + $ e.5alestax .. ..... + $ L Other tax (describe) N/A i $; g. Optional "service contract (describe) �., + $ 15gHASOE-,If y ou do not \, . you willlpp y a late charge of $4, pay a monthly payment in within 30 days ade4 h is due, Pi15ti", 9S, If the, government places a fine on the vehicle and you do not pay it ptorppt}y, warmly, pay.li Each time we pay a fine, you will pay us the fine plus $20, 17. SCA wa I a EbULED LEASE END DATE. This lease is scheduled to and 04/17/2010 - Vpu ace aclwduled tg.fetum the vehicle on this data. (month) (day) (year) 16LEASETNIV DAILY EXTENSION CHARGE. $' 54 • per day (plus tax), beginning on the'e1g'Nthifg dherscheduled lease end date. ig RED�IIR, tyESICCE INSURANCE INFORMATION. You affirm that liability and physical damage policies 111alo,n(6t�r 5equinii0rts (seethe other side) are, In force on the date of thislease as follows: - lnsuraflce company name: h. Optional service contract (describe) + $ Y 1 A Insurance agency name: - AGHE i. Optionaiservice.contract (describe) + $��Y!`A/`A. AgancyAddreae: ;I 1. Optional life.insumnce + $ Y�FA ,Agency Phbne no: - k.Options[ disability lnsurance + $__NI4A ".ante.mm. I. N/A . $ MIA Polioyno: 8766692 E)Wbillty ❑ Physical damage rn - N'/A' - + $ Deduction: Collision $ 1 WO C—prehensWe $ SDI } n Gross Capitalized Cost. Ap :- 12-THE. VEHICLE YOU ARE TRADING. Insurence.comparry name:. .. N/A (year) (make) {rR el) ' Gross tmd.4ivatuet _.... $ '- TrjA- _ fns�rpoe agency, name. _NIA, Payoff _... '......... ......_ - $ MIA Agii oy Address: N A -� _...... Net trade-in value.... -...... ....... $ '"`� TlflAl/ '.u. 'ii'.i 9T.i`7'Shhbk6,no.: NIA Agent's name. N (A OFFICIAL FEES AND TAXES. You will pay all`government license title, registration testing, Policy no.: —�NIA ❑Physical damage p , and-mepbcVdrnleea--for tha-vehicie, You will pay all taxes On'the'laase orihe vehiclathetthe Deductibles: Collision$_ MIA_ Comprehensive N o emment levies on o the vehicle, or us exce t our net Income taxes We government you, (except ). may change yoyY nwnytl payment or bill ou se aratel for official fees nd taxes. Y, y P., y a 20. OPTIONAL LIFE AND DISABILITY INSURANCE. We do not resume life or disability 4 h 4 ZA TOTAL EST.iMA QE o,FSgeANO.TAeXES YO V.y be Ihnauglt-y rrJfqu ngelow„we Will try tgget the coverage(s).checked for the lease term. Wewillinclude = 6,P-rg ugr���`0i i{6 , e mgntllD/ Pay-Cg�.- eo9ce yourrecelve when yyqu. sign this lease describes the Cov@'IJ 0 9 depending .. effscl ,the higher on tax sates f_ vehicle value when a fee or tax Is.,..ad. i'°k nsu earn may not coventaxes End Other amounts due .besides the base monthly payment. Insurer name: -:. a. TitleAlen fees........ ............ ... 'l Address: . .. Registridt-feesitn. .......:... ......... $ ._'---,y/,A- ..:. .<. ::. _.... r - ,. .... c LieeHsbn9§aitaxesN/A •--.O Luadhsumace.(0 Lessee. O-Co-Lessee .[]Both) .. Rinimium. $ d 8#6616se taxes (including tax on capaahzed cost eduction) $ Coverage limit $ NIA e Ezcrae taxes $ '� uN/A - .. .. ,... I. property taxes n A ".' O Disability I —ranee (Lessee only) Premium $ ' g Otfiet(desoNbe) NIA $ N/A Monthly coverage orn $ h h Othen(deseirbe)'Ij;A $ 8.75 .... L .: -, i MAA X - Age w.: i 'Other (describe) N/A $ N/A' CO+LEBSF„A+Sn°NAfi$iRE: X Age_ 14. MILEAGE Base fheageAllowance. O 4YO00 milesiyeac GLOW mileage. 12A00mde slyeeGdntl 41 WARRA TY ANO tfXCLN$IDN Di WARRANTY You nave the benefit of any warranty, checked below. []Medium -duty truck (gasollnej: 25,000 mileslyear r aQ roaPPi acturei'e warranty ❑Medlum•duh/ truck (diesel): 35,00(tmiles/year, Widiu ty papers that are separate from this lease state any coverage limbs. •.Extra Mil e, You are buying , RlAtaxlm mllba ai $ per mile. If i ,(ease•ends on or a r7 iha'fast schedu)ed l, rrient Is due We will cr9dh you with $ der mile for The law glvesyou a warrenry that the vehicle conforms to the description in this lease. THERE AR'E Wd fY1`RER'EIYPRESS WAN ANTIES ON THE VEHICLE. ( each Udad `Bxtia mile. Them will ba riu credit If the hesta 'ands mify;: Y06 fiu'y the .vehle pt jhsxehicle is a total,ipas. Tne following applies ,pnty If this lease snot primarily for personal, family, or household 1 T 1 Allov)atl Mllepge on the Lldpmatet at Lease Ehd1R 4�6 mll4s� p rposes'2n jt NO..IMPLIEtk Wtkr+RAN7Y OF a ERCHANTABILITY - THERE IS NO WARRAMtTHiQHAm R#i V HI 1 FIF FDR A PATW an P RPO - - - r ,IOnpcomet., nilleege ,aides i $g QtyrAW,gERVIGE AND MAINTENANCE CONTNACTS. A Base mileage allowance Mlles Purchased extra miles..,. Name FFIIilAA ,Term N/•rho9int(� 7erm-.��rgpnf.bnihs'lniles Exeess Mllasgr�Oharge. The axceas mile age charge Is er mile for eachmim Name N/'A Term 1R7-rhonths—�TAA Iles i beyond thenetehalbwed;mllea,.plus tax. •If the, is" andenrlyvtndither.vehiclois not a total loss, lextess If you are buying a service or maintenance contract now, you m for it at lease signing. If mulw any :radeage—d wear charge wN:+not:be YMxm than residual value minus the -umid-oala pd— Th.. ls.no.excessmileage charge d you buy the vehicle. ,pay you D not, th rice will be in t ca Italized cost and ou will es on.the � .-.' , a p : I!e p Y P Y \ .,. 9 price. NONE A s..; :r ARP,$QVED AS. TO .FORM- BY , imamate v1ztona sasa.ng - City Clark i A. Plarrlaon,City Attorney - THERE IS NO-COOLING,OFF'PERIOD e. ,\ California law does not provide fora "cooling off" or other canceileNon period for vehicle losses. Therofors, Yen Go not later cancel this lease simply because you change your rhiAtl, tleeitletlihe`vehidla costs too•much, or wises you had acquired a different vahkte. You may oencel Vilateaee only w„Nh the agreement of the lessor or far loi cause, such n fraud. THIS IS THE ENTIRE AGRREMENT. This lease, Inc,Vding the front antl back of this form, contains the nt re, agreement between you and us relating to the lease,of the vehicle. Any change ro the terms.ot this lease mustbe in writing antl signed by you antl us,.No oral changeoam binding. We may delay or retrain from enforcing any of our rights under this lease without losing them. LESSSE". 9Z,6LV!X _. City Of Vernon O4YgESS15E:X (1) Do not algrf'this leas3 before you reed It or if it contains any blank spaces to be filled In; (2) You ore:enftl d to . completely filled in copy of this lease; (3) Warning - Unless a l charge Is Included In;thiel lease for public liability or property damage Insurance, payment for that coverage Is hot provided by this lease.J YOU SIGNED•AND CEIVED A' OMPLETELY FILLED -IN COPY O' HIS ACRE ENT AT TFREX PARK- 'c state , ON Oo �aH y�D7 LESSEE.X ' - BY:X City of VernonL: C LESSOR: - SIONAI'UMAND TITLE: Lessor assigns all. fight, itle, ntl interest. in this lease to the pen, identified In this. "'so as the intende�und of the Lease Plan Dealer Agreement In effect from time4. time with the assignee he eater AgreertrenY'). Lessor also assigns all right, title, and interest In the assd ied in this lease ae the intended assignee, or its designee, undethe terms of theD Star 9ement.Lesson:-AMFNO�CHEVROLE7 Bx(TITLE: