HomeMy WebLinkAboutC14-250 Collett Enterprises, Inc. Lease Agreement LEASE AGREEMENT AMENDMENT
THIS ASE AGREEMENT AMENDMENT("Amendment") is made and entered into this day of
, between County of Eagle, by and through its Board of County Commissioners
("County") and Collett Enterprises, Inc., a Colorado corporation ("Collett"). Collectively County and
Collett will be referred to as the "Parties."
RECITALS
WHEREAS, County and Collett entered into a Lease Agreement dated December 16,2003 (Original
Agreement")whereby the County leased equipment from Collett to operate the county's fuel pumps
located in Gypsum and Eagle,Colorado;
WHEREAS,the Parties now wish to modify the Original Agreement to add a Fuel Management System to
all locations listed on EXHIBIT"A".
In consideration of the terms and conditions of the Original Agreement and the amendments herein,the
sufficiency of which is hereby acknowledged, County and Collett agree that this Amendment shall
replace, supersede,and add the section of the Original Agreement as stated hereunder.
The term Equipment shall be defined to include that equipment as set forth in Exhibit A of the Original
Agreement and the additional equipment attached to this Amendment. The Parties agree that the
original cost of the additional Equipment is$106,853.00 and the expected useful life of the additional
Equipment is 15 years. Upon termination of this Agreement,the County may,at its option, purchase the
additional Equipment from Collett. The cost of the additional Equipment shall be based on the straight-
line depreciation method.
This additional Equipment shall be maintained as per Section 6 of the Original Agreement. Additionally,
Collett will provide parts, labor, and testing as may be required for continued and acceptable operation
of the additional Equipment.
Once the additional Equipment is installed and for the term of this Agreement, unless sooner
terminated as provided in the Original Agreement,the County shall continue to purchase from Collett,
bulk quantities of Petroleum Products at the agreed upon per gallon prices plus an additional two cents
($.02) per gallon for the use of the additional Equipment.
County and Collett agree that, except as expressly altered, modified and changed in this Amendment,all
terms and provisions of the Original Agreement shall remain in full force and effect, and hereby are
ratified and confirmed in all respects as of the date hereof.
If any conflict exists between the provisions of this Amendment and the Original Agreement,the
provisions of this Amendment shall control.
111-25°
This Amendment shall be binding on the parties hereto,their heirs, executors, successors, and
assigns.
IN WITNESS WHEREOF, the parties have executed this Amendment on the day and year first
above written.
COUNTY:
ATTEST: ck t COUNTY OF EAGLE, STATE OF COLORADO
le:= By and Through its Board of Coun • missioners
17/
o
By: i •y: i
Teak J. Simonton, Clerk to the Jil '.n H. Ryan, Chairm.n
Board of County Commissioners
COLLETT:
COLLETT ENTERPRISES,INC.
B
a
"re Col -tt,President
*
EXHIBIT"A"
As part of the equipment lease between Eagle County and Collett Enterprises, Inc. dated 16 December
2003:
Fuel Management System Location and Cost:
LOCATION COST
Eagle Site $9402.00
Burns Site $16,667.00
Dowd Junction $16,590.00
Gypsum $26,274.00
El Jebel $16,832.00
Landfill $12,398.00
Total Cost $98163.00
Additional Electrical Cost $8690.00
$106,853.00
