O-04-01 01/08/2001VILLAGE OF LEMONT
ORDINANCE NO.
� Q'/
AN ORDINANCE AUTHORIZING ADOPTION OF A LEASE /PURCHASE
AGREEMENT WITH FORD MOTOR CREDIT COMPANY
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This l' day of
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will, and
DuPage, Illinois this 8
day of , 2001
, 2001.
ORDINANCE `% v Df' 61/
AN ORDINANCE AUTHORIZING ADOPTION OF A LEASE /PURCHASE
AGREEMENT WITH FORD MOTOR CREDIT COMPANY
WHEREAS, the Village Board approved the purchase of a 2001 Ford Crown Victoria from the low
bidder, Terry Ford of Peotone, IL for $21,390.00; and
WHEREAS, it is necessary to adopt a formal lease agreement to complete delivery of the vehicle.
THEREFORE, BE IT ORDAINED by the President and Board of Trustees that the attached Lease -
Purchase Agreement with Ford Motor Credit Company be approved.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DUPAGE, ILLINOIS,
on this 8th day of January , 2001.
John Benik
Debby Blatzer
Keith Latz
Connie Markiewicz
Rick Rimbo
Mary Studebaker
AYES
■//
Approved by me this 8th day of
Attest:
NAYS PASSED ABSENT
ENE SMOLL N, Village Clerk
ar , 2001
CHARLENE SMOLLEN, Village Clerk
W'SNESKI, Village President
Approved to form:
JOHN ANTONOPOULOS, Village Attorney
12/19/2000 15:08 FAX 7082889716 TERRY'S FLM
12/19/2000 13125 Lyons,Darb
blyons Document 'Dr >:ms25 -51241 Pages 1
Ford Motor Credit Company
1A uwr..Sw�r
8104
i.eVN Ntgne of hetutictpeltry t 'I.wee -p
Villate of Lemont
Federal
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v oiumme ++Veen{ - ocean
Deportment Foiite
em -e s'J
Department
Yat in Opel_oa
126 Years
ID Number
36- 6005968
t^ A
Cook / Will / DuPage
Simo 416 Address n Street
Ming
may. and Zip
Lemont, Illinois 60439
Address of different from abovel
City. State and Zip
Accounts Payable Contact Penn
Jean Nona
Accounts Payable Phone Number
(6 0) 57 -159
Wha in egt nneet Ycnit: model. devatprton?
2001 Ford Crown Victoria
Does this egwpminc npltacr yreviatie 01ui129220
Yes
Hew WI equipment be used?
Patrol Vehicle
=et replaces equipment pmt in 1996
No:exphin
How many wilts currently perform this Nnctian'►
Eleven
jfinere move fr deeded caucused one aaGirronal:beet
Breakdown of Vehicles m fleet
Number of Velncles to Fleet Ben♦te of Model Yeert,s 1
2000
Public Liability insurance =row links In the arnomn of S I M:010n or die State
maalrmmn (Witmer) is remixed.
Self Insured: C3No caYe:: the Approprined Lou Reserve Amours: S
Name of Imm= Provider.
a
IRMA
5 1999
2 1997
4 1996
Phone Number; including Ana Code.
(70a) 932 -4762
Limon- spare ii nrrded. romantic on additional Acct.
Public Liability Coverage Limas: S 1.000.000
Soups of Nude for proposed payment
L. General Fund
Fi• .•al Year Lard
4 -30 -XX
Date of moat man Humid Snrsmmc
4 -30 -2000
Dental Fund
o and
Fwtd Balance;
SL.6E1.5L2uofItI jr'J-)
Fiords have beau apps�opriaud for tbn current yea: �i.t tiro
Major euuraofrsvawa
Beek Reference:
.puth Holland Bank _
Boni Cantu Nauss rid Phone Number. including Area Cods:
Bonnie Houdek (630) 243 -3723
—
9ERTIFICATION
I am the duly eppc+iuted. qualified and acting& C t e r tglalior Secwaryl ads* Lowe and 1 zanily sr �uinn:
(11 Lessee did. ar a meeting of the govem1n1. body of the Lessee held on Jan v , 200 . by motion duly made, seconded and awed. in amoreante will
2I1 requirements of law . approve and authorize the execution and delivery of proposed Lease of the equipment on its Moat by t ar
he following repsaltt ve of
the Lessee.
Printed N. and rills of Authorized Of6uirl
A.
The Air atwe pits. above. it to be signed • a person inalsorefted by governing bode So
131 The matting of the pn erning body oldie Lame a whi.h tlu Lease wee tupruas'ed , suhoazsd to be
a;rcnded thteughotu by the requisite ragariry of the members thereof or by ocher
authorizing the executive thereof bas not been shared or rescinded. The
horde Jibe presem met the once sot torte wore
(v ) The above intimation is true aid cortex. to the bat ofmy knowledge
Signou r.
t sCAL )
Subacnbed m UM ad sworn before t this -• O day of
thee Lease on behalf of die Lame
ws duly editb *ley convened and
and dim to action eppiovind tits Lasso and
beid s ytts time OS an4 autbodadvn sod
(Printed Ntwne)
.01 executed 0 union o Counsel will be re - nirsd or transaaions finalist snore than S104OX.
Attorney Phone and Fax
Punted Name of Attorney for Leases:
Revised October 3000
including Area Cade:
Breakdown of Vehicles in Fleet (continued)
Number of Vehicles in Fleet Range of Model Year(s)
1 1993
12/19/2000 15:06 FAX 7082589716 TERRY'S FLM tit02
12/19/2000 13:22 Lyons ,Batb blyons Document ID: Tms25 -51236 Pale: 3
Ford Motor Credllt Company
Ms Pat Kralik
Terry's Ford Mercury
121 West Main Street
Peptone, IL 60468
The American Road
P,0. Qc.c 1739
Dearborn, Michigan 48121.1733
December 19, 2000
Re: Ford Municipal Finance Program - Quotation for Village of Lemont, IL
Dear Ms Kralik:
Please review the following information Rates and payment factors are applicable for total amounts funded
from 175,000 - $149.999. The quote is good until 02/28/2001. This finance proposal applies to:
Quantity Description
1 2001 Ford Crown Victoria Police Sedan $,2`T 090.00
(Range)
Total Amount Funded Term
"(575,000 - 5149,999)
521,390 (with doc. fee) 3 Years
Payment
Payment Timing A. P. R. Factor
Monthly in Advance 8.90% 0.030655
Payment
Amount
5855.71
'This transaction is c ined with the = leti c Jnf • vat for twoActi '1'. F550e to be delivered by
Z2&2001:1br a total amount financed of f93,3$
The Ford Municipal lease- purchase finance plan requires no security deposit, no prepayment penalty, no
mileage penalty. or hidden fees. The program is non - recourse to the dealer, the same as a cash hale from the
deader to the municipal customer At +nceptian, the new equipment title/registration indicates the municipality
as Registered Owner, and designates Ford Motor Credit Company, P.O. Box 1739, Dearborn, MI 48121-
1739, as First Lienholder. At term end, the municipality buys the equipment for 51. The municipality, as
Owner of record, is eligible for Ford Governmental Price Concessions or other discounts, to reduce product
cost.
Please note: Ford Credit's financing Is subject to: 1) review and approval of the Municipality's two
most recent audited financial statements and 2) mutually acceptable documentation. Sample forms
and documentation will be provided upon request.
if you need additional information, please contact me at 1. 800,2414199, EXT. 11. Thank you for your interest
in Ford municipal financing.
Attachments
isu our websue www.fordcrediDIuinicipatcorx
Sincerely,
Srawfawt dame
Barbara Lyons
Marketing Coordinator
12/19/2000 15:06 FAX 7082589716 TERRY'S FLM 203
12/19/2000 13t23 Lycns,Barb blyone Document ID: i'ms25 -51236 4
Schedule SAMPLE
Payment Schedule Lease Number:
Village f_tzer!pnt.. �.
Equipment Cost:
APR:
Payment Factor:
Uac. Fee:
Goad Through:
Page 2
SAMPLE
$21,090.00
6.9096
0.030655
$300.00
0212812001
Lease Lease
Payment Payment Lease Interest Principal Concluding
Number Date Payment Portion Portion Payment
1 12 / 0 / 2000 655.71 0.00 655.71
2 1 / 0 / 2001 655 71 118 22 536.48
3 2 / 0 / 2001 655 71 116.14 539.57
4 3 1 0 / 2001 655.71 113.03 542.68
5 4 / 0 / 2001 655 71 109.91 545.80
6 5 / 0 / 2001 655.71 106.78 548.93
7 6 / 0 / 200t 655.71 103.62 552.09
8 7l 0l 2001 655.71 100.45 555.26
9 8 / 0 / 2001 655.71 97.25 559.46
10 9 / 0 1 2001 655.71 94.04 561.67
11 10 / 0 / 2001 655.71 90.61 564.90
12 11 / 0 / 2001 655.71 87,56 568,15
13 12 / 0 / 2001 655.71 84.30 571.41
14 1 / 0 / 2002 655.71 81.01 574.70
15 2 / 0 / 2002 655.71 77.71 578,00
16 3 / 0 / 2002 655,71 74.38 581.33
17 4 / 0 / 2002 655.71 71.04 584.67
18 5 / 0 1 2002 655,71 67,68 588.03
19 6 / 0 1 2002 655 71 84.30 591.41
20 7 / 0 1 2002 655.71 60.90 594,81
21 8 / 0 / 2002 655.71 57.48 598.23
22 9 / 0 1 2002 655.71 54.04 601.67
23 10 / 0 / 2002 655.71 50.58 605.13
24 11 / 0 / 2002 655.71 4T.10 606.61
25 12 / 0 / 2002 655 71 43.60 612.11
28 1 / 0 / 2003 655.71 40.06 615.63
27 2 / 0 / 2003 655 71 36.54 619,17
28 3 / 0 / 2003 655 71 32.98 622.73
29 41 0/ 2003 655.71 29.40 626.31
30 5 / 0 / 2033 655.71 25.80 629.91
31 6 / 0 / 2003 655.71 22.17 633.54
32 7 / 0 / 2003 655.71 18.53 637.18
33 8 / 0 1 2003 655.71 14.87 640.84
3.4 9 / 0 / 2003 655.71 11.18 644.53
35 10 / 0 / 2003 655.71 7.48 048.23
36 11 / 0 / 2003 655.86 3.75 652.11
TOTALS 23, 605.71 2,215.71
1 "kit our website Km+w ferdcredirnwnieipaLCOIN
21,390.00
20,734.29
20,197.60
19,658.23
19,115.55
18,569.75
18,020.82
17,456.73
16,913.47
16,355.01
15,793.34
15,228.44
14,680.29
14,088.88
13,514.16
12.936.18
12,354.85
11,770.16
11,182.15
10, 590.74
9,995.93
9,397.70
8,796.03
8,190.90
7,582.29
6,970.18
6,354.55
5,735.38
5,112.65
4,486.34
3,856.43
3,222.89
2,585.71
1,944.67
1,300.34
65211
1.00