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1999-075
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1999-075
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Last modified
7/27/2023 11:14:08 AM
Creation date
7/27/2023 11:14:03 AM
Metadata
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Template:
Official Documents
Official Document Type
Lease
Approved Date
03/16/1999
Control Number
1999-075
Subject
Equipment Lease Agreement/Change in Nmae on Lease Agreement for Three Coin
Operative Copiers at the Main Library
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0 <br />0 <br />f <br />NON -APPROPRIATION OF FUNDS ADDENDUM <br />This Addendum will.become part of that certain Lease Agreement # dated <br />RRR <br />as of �ifarch 3rd 1999 ("Lease") between Commercial E ui ment Leas in <br />("Lessee <br />.All <br />("Lessor") and Indian River County- <br />dum which are not defined herein shall have the <br />capitalized terns used in this Adden <br />meanings given to such terns in the Lease. <br />You hereby represent arid warrant to Us that as of the dale of the Lease, and <br />throughout the Lease Term: (a) the individual who executed ilia Lease had at the time <br />of execution of the Lease full power and authority to execute the Lease; and that all <br />required procedures necessary to make the Lease a legal and binding obligation of lice <br />Lessee have been followed; (b) the Equipment is essential to the immediate <br />performance of a governmental or proprietary function by You within the scope of Your <br />authority and shall be used during the Lease Term only by You and only to perform <br />such function; (c) that all payments due and payable or the current fiscal year are within <br />the current budget and are within an available, unexhausted and unencumbered <br />appropriation. <br />In tile event You are not granted funds in future fiscal years for the Equipment subject to <br />the Lease or for equipment which is functionally similar to the Equipment and operating <br />funds are not otherwise available to You to pay the Rent and other payments due under <br />the Lease, and there is no other legal procedure or available funds by or with which <br />payments can be made to Us, and the appropriation did not result from an act or <br />omission by You, You shall have the right to return the Equipment in accordance with <br />the section in the Lease titled, Location, Inspection and Return of Equipment and <br />terminate the Lease on the last day of the fiscal period for which appropriations were <br />received. At least thirty (30) days prior to the end of Your fiscal year, Your legal counsel <br />shall certify in writing that (a) funds have not been appropriated for the fiscal period; (b) <br />such non -appropriation did not result from any act or failure to act by You; and (c) You <br />have exhausted all funds legally available for payment of Rent. If You terminate Ilia <br />Lease because of non -appropriation of funds, You may not purchase, lease or rent, <br />during such fiscal period, equipment performing functions similar to those performed by <br />the Equipment for a period of twelve (12) months <br />LESSOR: <br />By: <br />Pnnted Nana <br />Tiller . <br />LESSEE: <br />In_( anIRiver Count <br />fay: <br />KENNETH R eeAnrtT <br />Printed Name <br />Title.-- <br />Date:_ 3 -- <br />
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