Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A LEASE WITH PNC EQUIPMENT FINANCE, LLC FOR NEW GOLF CARTS FOR THE ELLSWORTH MEADOWS GOLF COURSE; AND DECLARING AN EMERGENCY.
Executive Summary: A golf car rental/lease agreement for a new term was approved at the October 16, 2013 City Council meeting. Upon further review of the agreement, it was determined that changes were needed to the agreement; hence Resolution Nos. 13-141 and 13-142 are in order.
Body
Legislative History
Resolution No. 13-108 (attached) was passed by City Council on October 16, 2013, authorizing the City Manager to terminate a current Lease Agreement with Lake Erie Golf Car Company and to enter into a new Agreement with Lake Erie Golf Car Company for the leasing of new golf cars at the Ellsworth Meadows Golf Club.
Purpose & Explanation
Following Council's authorization of Resolution No. 13-108, the City administration and City Solicitor learned that the golf carts were to be financed and owned by PNC Equipment Finance, LLC, and not by the Lake Erie Golf Car Company. As a result, the following two actions need to occur: 1.) repeal Resolution No. 13-108 and approve a new resolution authorizing a maintenance / repair agreement with the Lake Erie Golf Car Company; and 2.) approve a new resolution to execute a lease agreement with PNC Equipment Finance, LLC.
The attached legislation pertains item 2. above, thus seeking a new resolution authorizing the city manager to execute a "Lease Agreement" with PNC Equipment Finance, LLC to lease the use of the carts at the cost of $9,625 per month for the 6 months of the golf seasons over each of the next 7 years, subject to annual appropriations of Council.
A separate piece of legislation (Resolution No. 13-142) addresses item 1. above.
Timing Considerations
It is important that this Resolution be passed on an emergency basis at the November 6, 2013, Council Meeting.
Fiscal Impact
X Currently Budgeted
Supplemental Ap...
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