HomeMy WebLinkAboutContract 35631 CITY SECRETARY
NO. 0712712007
RENTAL AGREEMENT LONG TERM
HOLT TEXAS,LTD.d/ble HOLT CAT,a Texas limited partnership(the"Hall"),and Customer,as identified below,hereby enter into this Rental Agreement(the"Agreement"),under the fallowing terms and conditons:
HOLT CAT CUSTOMER:
3302 So.W.W.White Rd.-78222 Name
P.O,Box 207916 H° CITY OF FORT WORTH
San Antonio,TX78220-7916 ', Address:41D000LUMBUSTRL
Name -. City,County,State,Zip
a CITY OF FORT WORTH FORT WORTH,TARRANT;TARRANT,TX,76133-7578
:-]..Address:4100 COWMBUS TRL Customer P.O.No.:
s
(~ City,County,State,Zip Accouni 0441579 Customer Is:rn Sale Proprietorship Partnership
FORT WORTH,TARRANT;TARRANT,TX,76133-7578 El Corporation ❑Limited Liability Company
ShipFrom Approx.Shipping Date ComactNami Rodney Smithey Phone:(817)944-2094
Holt Ft Worth 0 8/0 712 0 07
Via F.O.B.
Customer Truck Holt Ft.Worth
Description of the E ui mentcovered b the A reemerit the"E ui ment"
Model Number ID Number Serial Number
963C HLK006355 OBBDO3046
REF NO ATTACHMENTS DESCRIPTION REF NO ATTACHMENTS DESCRIPTION REF NO ATTACHMENTS DESCRIPTION
2697606 983C TRACK LOADER MA 5 2260574 GUARD,CAB LIGHTS 2654924 GUARD,IDLER
1699093 '963C TRACK LOADER 254322g GUARD,CAB
BLICID GENERAL PURPOSE OG3255
1757286 'VALVE,THIRD FOR MP BUCKETIRIP BE5788 SEGMENTS,BO GENE PACK,ROLL ONIROLL OFF BY SEA
1906015 GUARD,LIFT CYLINDER LINES T ON
2337151 TEETH,GENERAL DUTY,SET OF
Rental Installments 15ured VaI}l�l FOR HOLT'S REFERENCE ONLY
None V Weekly O Monthly PWC Code#®270
The amount of each Installment of rent payable hereunder by Customer("Rental 24283800
Installment')shall be the total amount set forth below: Release#GPS 64154
Rental Installment $7900,00 14%of base rental amount. Salesmen's#114
If Customer accepts the FTV Waiver,Customer will be responsible for County Code 01
FTV $0.00 loss or damage up to$5000.00 for fire,vandalism,collision,overturn,
explosion,windstorm;hail,lightning,earthquakes,sinkhole collapse,
Subtotal $7900.00 sprinkler leakage,aircraft,riots,ocean tides,rodents,etc.or
$25,000.00 for theft and flood depending upon type of loss,as specified
Sales Tax in the HOLT CAT FTV Waiver Guide, EXTENDED WARRANTY
$0,00 If equipment is shipped by Holt,a transportation charge of$0.00(each The Equipment®is ❑is not covered by
"Dealer's"Hvy.Eq.Tax way)will be billed,plus applicable sales tax. ®CAT Insurance❑HOLT CAT'S warranty in accordance with
$0.00 To Be Determined❑Yes®No the Warranty Form attached hereto.Customer acknowledges
receipt of the Warranty Formby initialing in the following space:
Oft Road Tax Initials
$0.00 36 Mos./5,000 Hr Powertrain&Hydraulics
UNLESS A WARRANTY IS PROVIDED,AS INDICATED ABOVE,
Other Charges CUSTOMER RENTS THE EQUIPMENT IN AN AS-IS CONDITION,
$0.00 WITH NO WARRANTY,EXPRESS OR IMPLIED.CUSTOMER
LKE Eligible Dyes❑no ACKNOWLEDGES ACCEPTANCE OF THE EQUIPMENTAS•18
Total $7900.00 BY INITIALING IN THE FOLLOWING SPACE: Initials
HOLT CAT machines are not to be used in or near salt water.The
customer will pay for all damages resulting from such use.Machines
that have run in sand and have excessive wear will be charged for
the additional wear.
OVERTIME:The above payment installment is based on a single shift rate of 8 hours a day for daily rentals,forty hours a week for weekly rentals,and 160 hours per four week period.Customer agrees to pay overtime
hours as I IS of daily rate,1140 of a 40 hour week rate,or 1/160 of a 160 4 week period.Overtime charges pro-rated based on the invoice rate divided by the maximum number of hours of excess usage.
Rental Term and Payment Dates:Rental Term:6 4-week periods,beginning 0810712007("Commencement Date")
Payment Dates:The Payment Dates shall be the last day of each 4-week period during the Rental Term.
Insurance:
Customer acknowledges receipt of Hi certificate of Insurance Request Form setting out Holfs insurance requirements and agrees to Provide insurance In accordance therewith: initials
Fire Theft and Vandalism(FTV)Waiver:
If Customer initials here: Customer accepts the FTV Waiver.If not initialed,Customer declines the FTV Waiver.If Customer accepts the FTV Waiver,Customer shall pay as additional rental the amount shown
above,which is based on a rate of 14%multiplied by the Equipment Rental Rate invoiced.Customer acknowledges receipt of a copy of the HOLT CAT Fire Theft and Vandalism Waiver Guide: Initials
The FTV Waiver is not available for all rental transactions.Holt may refuse to offer the FTV Waiver in he sole discretion.
PURCHASE OPTION: OPTION PRICE:$242838.00 The purchase will expire on0210 2008.
The Option Price N does ❑does not include the cost of manufacturers extended warranty.(If neither is indicated the warranty cost is not included in the Option Price).Customer is granted an option to purchase the
Equipment.The fallowing terms and conditions shall apply to Customer's purchase option:
A.The option is not assignable.
B.Holt shall transfer to Customer(i)any remaining standard manufacturer's warranty on the Equipment,and(iq if the Option Price includes the cost thereof,any remaining extended manufacturers warranty on the
Equipment.All such warranty transfers shall be only to the extent the warranty transferred is then valid and effective.THE SALE SHALL BE AS-Is,WHERE IS,AND WITHOUT WARRANTY OF ANY KIND FROM HOLT,
AND THE DISCLAIMER OF WARRANTIES SET FORTH BELOW SHALL APPLY.
c.Customer may not exercise the option at any time(1)that Customer is in default of the performance of any of Customer's obligations under this Agreement,or(li)that an event has occurred and is then continuing which
would constitute an event of default hereunder,or(III)Customer has not paid in full any open account balances due HOIL
D.In order to exercise the option Customer must pay to Holt,in cash or certified funds,the Adjusted Option Price of the Equipment,together with all taxes on or measured by such purchase price.The term"Adjusted Option
Price shall mean the Option Price set forth above less any Base Rental paid by LesseeCuslomer hereunder,plus non-warranty repairs to the Equipment made by Holt for which Holt has not been paid,plus interest on the
Option Price from the Commencement Dale to the date of payment at a rate equal to the lesser of(i)the Maximum Rate or III)the Prime Rate plus 3.0 percent.
Notice is hereby give to Customer that, 1 may ass its rights under this Agreement to HLKE Inc.to sell the rental equipment described herein and,K applicable to purchase any Iproperty.
Sales Tax Information:Customar�l does does not claim that the rental of the Equipment is exempt from taxation under Chapter 151 of the Texas Tax Code. The reason Customer claims such an exemption is
as follows:govemmental entity
If Customer claims an exemption,an Exemption Certificate conforming to applicable law must be provided upon execution hereof,and if not provided appllcable sales tax will be charged.
Disclaimer of Warranties and Waiver of Claims:SEE REVERSE FOR DETAILS.
Other Terms and Conditions:THERE ARE OTHER TERMS AND CONDITIONS WHICH ARE CONTAINED ON THE REVERSE HEREOF OR ATTACHED HERETO(AS APPLICABLE)
WHICH ARE AN IMPORTANT PART OF THIS AGREEMENT.PLEASE REVIEW THE OTHER TERMS AND CONDITIONS BEFORE SIGNING G EMENT.
HOLT:HOLT TEXAS,LTD. USTOME ITY RT ORTH
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