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R2013-07 AUTHORIZING CITY MANAGER TO ENTER INTO A LEASE PURCHASE NINE 2012 CHEVROLET IMPALA POLICE PURSUIT VEHICLES
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R2013-07 AUTHORIZING CITY MANAGER TO ENTER INTO A LEASE PURCHASE NINE 2012 CHEVROLET IMPALA POLICE PURSUIT VEHICLES
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Last modified
8/19/2015 2:27:56 PM
Creation date
8/19/2015 2:27:52 PM
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Resolution/Ordinance
Res Ord Num
R2013-07
Res Ord Title
AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT TO LEASE PURCHASE NINE 2012 CHEVROLET IMPALA POLICE PURSUIT VEHICLES & VEHICLE ACCESSORY EQUIPMENT PACKAGE
Approved Date
1/22/2013
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February 5, 2013 <br /> City of Decatur <br /> c/o Gregg Zientara <br /> #1 Gary K.Anderson Plaza <br /> Decatur, IL 62523 <br /> Re: Municipal Lease and Option Agreements <br /> Ladies&Gentlemen: <br /> Reference is made to those Municipal Lease and Option Agreements dated as of February 5, 2013(Lease <br /> Numbers#55163945-10845,#55163945-10850 and#55163945-10855)(the"Lease Agreements") <br /> between The City of Decatur("Lessee") and Busey Bank("Lessor"). Lessor hereby consents to(a)the <br /> modifications to the leased vehicles described on Exhibit A hereto(notwithstanding anything else <br /> contained in Section 6.01 of the Lease Agreements)and (b)the insurance maintained by Lessee <br /> pursuant to Section 6.03 of the Lease Agreements having a deductible of$25,000 per vehicle per <br /> occurrence. Except as provided in this letter,the Lease Agreements are hereby ratified and confirmed <br /> and are and shall remain in full force and effect. <br /> BUSEY BANK <br /> am <br /> e: ohn Waddock <br /> Title: /Executive Vice President <br /> Market President <br />
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