Item 5E LeaseDALLAS HARLEY- DAVIDSON, LTD. 0 -- -
1334 West Centerville Road 40 011
Garland, Texas 75041 4e BU011
(972) 270 -DYNA (3962)
FAX (972) 270 -5300 Ae AMERICAN MOTORCYCI
Made this II day of October A.D. 2004
BY AND BETWEEN Dallas Harley- Davidson, Ltd. herein called
lessor and the City of Southlake Police Department
herein called the lessee,
WITNESSETH, that in consideration of the covenants herein
contained, on the part of said lessee to be kept and performed,
the said lessor does hereby lease to the said lessee the following
described property:
IHDIFHW
FLHPI
2005
IHDIFHW
FLHPI
2005
I.HDIFHW
FLHPI
2005
IHDIFHW
FiLHP'I
2005
IHDIFHW
FLHPI
2005
IHDIFHW
FLHPI
2005
1HDI,FHW
FLHPI
2005
IHDIFHW
FLHPI
2005
1HDIFHW
FLHPI
2005
IHDIFHW
FLHPI
2005
TO HAVE AND TO HOLD the same for the term of 12 months from
the day of A.D. 2004, the said lessee
herefor the Monthly rent of $350.00 per motorcycle, for a total
of $ 42,000.00, for the first 12 months. The said lessee herefor the
Monthly rent of $375.00 for the second year, for a total of $45,000.00
For the next 12 months. After the first year of the lease agreement,
ALL motorcycles will be replaced.
And the said lessee covenant with the said lessor to pay the
said rent in 24 payments of $ each on the 15th day of
each and every Month for the said term.
1. PURPOSE The lessee wishes to enter into a contract to lease
motorcycles for use by the Police Department for 12 months. The
City of Southlake Police Department reserves the right to
Extend the contract for one year period (not to exceed two extensions).
Providing: both parties agree to the extension, that all the
specifications, terms, and conditions remain the same, and such
extension(s) is approved by both parties.
.2. EXPENSES The lessee will be responsible for all gasoline costs.
All other expenses, fees, and costs such as state inspection and
licenses will be the responsibility of the lessor as the contractor.
DALLAS HARLEY- DAVIDSON, LTD.
1334 West Centerville Road
Garland, Texas 75041
(972) 270 -DYNA (3962)
FAX (972) 270 -5300
4e Buell
AOr AMERICAN MOTORCYCLES
3. MAINTENANCE All maintenance and repairs will be the
responsibility of the lessor. EXCEPTION: Repairs as a result of an
accident or negligence on the part of the Police Department will be the
responsibility of the lessee (the City). The Police Department will
make the cycle available under any scheduled maintenance program.
4. USE The Police Department reserves the right to use the cycle as
required in order to perform their required duties.
S. INSURANCE/INDEMNIFICA i 1ON
a. Control of Vehicles The lessee shall be presumed to have
control of leased cycles when the keys to such cycle are entrusted to
the City and until such time as the keys are returned to the contractor
for maintenance or their care, custody, or control.
b. Cycle Physical Damage Insurance The lessee shall be
responsible for all losses to leased cycles while under the care of the
lessee. Should the contractor as the lessor or his designee repair a
damaged leased cycle, the City's liability for payment of such expense
shall be based an the same reasonable standards and practices as
employed be insurance companies in the area. The City will not be
responsible for any damages to the leased cycle while it is under the
care, custody or control of the contractor (lessor). The City, however,
will also not be responsible of reasonable wear and tear to said leased
cycle. In the event of a total loss, the City`s maximum exposure to the
lessor shall be the wholesale value of the cycle at the time of loss (less
salvage) as indicated by the "RED BOOK" or it necessary as determined
lessor and the City of Southlake Police Dept.
c. Notwithstanding the provisions of subsections a. and b. above,
Lessee shall not be responsible for losses to leased cycles while under
the care of the Lessee if the loss or damage is caused by a negligent
act or omission of lessor, its agents, officers, or employees.
WITNESS our hands and seals this day of October 2004.
Signed, Sealed, and Delivered in Presence of.
Steven P. Bell
General Manager
Signature
Signature