HomeMy WebLinkAboutTR-17-85 LE S e N o._.__P O 2 9 ---------------------- Vt
'1
CORPORATION OF THE TOWN OF NEWCASTLE
40 TEMPERANCE STREET
BOWMANVILLE, ONTARIO
LiC3A6 TELEPHONE 623-3379
REPORT TO GENERAL PURPOSE AND ADMINISTRATION COMMITTEE MEETING
HELD APRIL 1 , 1985.
TR - 17 - 85
SUBJECT: AES WORD PROCESSING EQUIPMENT LEASE FOR THE COMMUNITY SERVICES
DEPARTMENT
RECOMMENDATION:
It is respectfully recommended:
1. that this report be received; and
2. that the lease agreement for the AES Word Processing Equipment
be approved; and
3. that the Clerk prepare the bylaw required to authorize execution
of the lease agreement.
BACKGROUND AND COMMENT
The 1985 Budget provided for the lease of word processing equipment
within the Community Services Department. The monthly lease cost is
$473.73 plus P.S.T. for 42 months.
Respectfully submitted,
Kathr A. Campbell , C.A. , B.Comm. ,
Treasurer.
L. Birkett,
KAC/LB/os. Purchasing & Supply Agent.
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IFCC LEASING LEASE CONTRACT
A division of First City Capital Ltd. Lessee No.
777 Hornby Street,
Vancouver, B.C.VE 1S4 Lease No.
Lessee Name Person to contact
,C,QP0,, A 770/t/ 0,,17. T.4.<_ CA 97'y c
Title of contact
%/�i'/,�.¢TM��'" �/=' Ccirr»i-�.r1.vlry 5�.�,//CAS- �L/�L.tc5�5lh+� �Sof'�'GY�•1 r�r%
Address
Telephone No.
Postal Code No.of years in business
Z%C
Bank Name and Address
Vendor Name �s T T� r� Telephone No.
( j Address Sales Representative
• �
Location of equipment if different from above address
Name and Address of Landlord if equipment is to be placed in rented premises
6, 0/` f��� Too tv, /f /"4r—
Quantity —Egquipmment Description(include model and serial nos.)
LEASING PARTICULARS
No.of Months PayrTjeents will be made: No.of Payments Rental Amount. Provinc' S ax Total Rental Payment
&Aonthly❑Quarterly❑Semi-Annually"❑Annually L 73 - /,6
G— IN ADVANCE f 7 7
Place of Redelivery to Lessor
bV.
LEASE AGREEMENT
This lease shall not become binding upon Lessor until accepted by Lessor as 4. rtax s Tax:Lessee shall pay to Lessor on and with each renta l,the
evidenced by the signature of a duly authorized officer of Lessor in the space provided amount of es tax, if any,thereon at the rate applicable from time to time.
below. Provincial se rate now applicable on the amount of each rental is as set forth
This Agreement made by and between First City Capital Ltd.,(herein referred to as above.
5. erdue Payments:Lessee shall,without notice,pay interest at
the Lessor)and the Lessee named above(referred to as the Lessee). the rate of um on any overdue instalment of rent,and upon written notice
WITNESSETH: That in consideration of the covenants hereinafter contained in- from Lessor, at the same rate on all other amounts required to be paid by Lessee
cluding those on the reverse side hereof,the Lessor and Lessee have mutually agreed hereunder and which shall have been paid by Lessor.
as follows. 6. Use:Lessee shall use the Equipment in a careful and prudent manner and not
for any unlawful purpose and shall at Lessee's expense comply with and conform to all
1. Lease: Lessor hereby leases to Lessee, and the Lessee hereby hires and federal, provincial, municipal and other laws, ordinances and regulations in any way
leases from Lessor the equipment described above,together with any parts and ac• relating to the possession, use or maintenance of the Equipment.
cessories relating thereto or affixed thereon(herein referred to as the Equipment). 7. Non-Cancellable:This Lease cannot be cancelled or terminated except as ex-
2. Term:This lease is for an original term commencing on the date specified in pressly provided herein.
the Leasing Particulars above and unless sooner terminated as set forth herein,ends at 8. Title and Identification:The Equipment is and shall at all times be and remain
the expiry of the number of months indicated in the Leasing Particulars above. the sole property of the Lessor and the Lessee shall have no right,title or interest therein
3. Rent: Lessee shall pay as rent to the Lessor for the Equipment during the or thereto except as expressly set forth herein.At Lessor's request, Lessee shall at
original term in advance in lawful money of Canada the number of rentals in the amounts Lessee's expense affix and maintain on the Equipment, in a manner and in places
and at the times shown in the Leasing Particulars above.The rent shall be paid to the satisfactory to Lessor,labels,.plates or other marks supplied by the Lessor to identify
Lessor at First City Building.777 Hornby Street,-Vancouver, B:C.V6Z 1S4. the Equipment as the property of the Lessor.
(SEE REVERSE SIDE FOR CONTINUATION OF TERMS AND CONDITIONS OF THIS LEASE)
Lessor's Acceptance Date Date Executed by Lessee
FIRST CITY CAPITAL LTD. Name of Lessee
Per: Per:
Authorized Signature Authorized Signature Title
Per:
Authorized Signature Title
CA 070(12/83)