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R90-71 AUTHORIZING BUS LEASING AGREEMENT
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R90-71 AUTHORIZING BUS LEASING AGREEMENT
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8/4/2016 11:31:59 AM
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8/4/2016 11:31:59 AM
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Resolution/Ordinance
Res Ord Num
R90-71
Res Ord Title
AUTHORIZING BUS LEASING AGREEMENT BETWEEN THE CITY OF DECATUR, ILLINOIS AND MACON RESOURCES, INC.
Approved Date
6/4/1990
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, , Page 6 <br /> � ', . <br /> B. The LESSOR shall keep and maintain the leased <br /> coaches and all equipment thereon in good repair, <br /> condition and working order. <br /> C. The LESSOR shall furnish all fuel, oil, parts and <br /> supplies in connection with the operation and , <br /> maintenance of leased coaches. I <br /> D. The LESSOR shall garage the leased vehicles at the II <br /> facilities of the IIecatur Public Transit System II <br /> and have them available for use by the LESSEE each I <br /> day. I�II <br /> E. The LESSOR shall assist the LESSEE in the screen- I� <br /> ing, hiring, and training of operators for the I <br /> leased vehicles. i <br /> F. If one of the leased vehicles shall become inoper- ! <br /> able, it will be the responsibility of the LESSOR I, <br /> to provide another vehicle of comparable value and �, <br /> seating capacity for LESSEE' s use. ! <br /> 6 . PAYMENT: During the term of this Agreement, the LESSEE I <br /> shall pay as rental for each of the leased vehicles the !� <br /> sum of Sixteen Dollars ($16 .00) per hour. Within five �I'�i <br /> (5) days after the close of each month, the LESSOR, 'i <br /> shall bill the LESSEE for the time (to the nearest , <br /> quarter hour) that the vehicles were used during the I!I <br /> month. The LESSEE shall make payment within fifteen ��i <br /> (15) days of receipt of said bill. I�I <br /> 7 . DEFAULT: The following are events of default hereun- I� <br /> der: (a) non-payment of any rent or other amount due ' <br />
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