No preview available
HomeMy WebLinkAboutC20-203 Collett EnterprisesPage 1 of 2 FOURTH AMENDMENT TO AGREEMENT BETWEEN EAGLE COUNTY AND COLLETT ENTERPRISES, INC. FOR EQUIPMENT LEASE This Fourth Amendment to the Agreement Between Eagle County and Collett Enterprises, Inc. for Equipment Lease (“Fourth Amendment”) is made this ______________, by and between EAGLE COUNTY, Colorado, a body corporate and politic, acting by and through its Board of County Commissioners (the “County”) and COLLETT ENTERPISES, INC., a Colorado corporation (“Collett”). RECITALS A.The County and Collett entered into an Agreement on December 16, 2003 regarding Collett’s lease of certain equipment to the County (“Original Agreement”). B.The County and Collett amended the Original Agreement on December 8, 2008 pursuant to which they added additional equipment to the Original Agreement (“First Amendment”). C.The County and Collett amended the Original Agreement for a second time on January 14, 2009 pursuant to which they added additional equipment to the Original Agreement (“Second Amendment”). D.The County and Collett amended the Original Agreement for a third time on June 24, 2014 via the Lease Agreement Amendment pursuant to which they added additional equipment to the Original Agreement (“Third Amendment”). E.The parties desire to add additional equipment to the Original Agreement and amend the Original Agreement for a fourth time. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the County and Collett agree as follows: 1. The County and Collett incorporate the recitals as if set forth herein. 2.Collett hereby leases to the County and the County hereby leases from Collett a FuelMaster Fuel Management System (“Equipment”) to replace the existing Gasboy Fuel Management System leased by the County under the Second Amendment. 3. The location of the Equipment is the Eagle County Airport, 219 Eldon Wilson Road, Gypsum, CO 81637. 4. The total cost of the Equipment is $19,982.00 and the expected useful life is 15 years, which shall be used for purposes of calculating depreciation under paragraph 8 of the Original Agreement. DocuSign Envelope ID: 3F69DEBE-3A2A-43C4-8169-4ACDD2207622 5/26/2020 C20-203 Page 2 of 2 5. Except as expressly amended herein, all terms of the Original Agreement shall apply to this Fourth Amendment and shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Fourth Amendment on the day and year first written above. COUNTY ATTEST: COUNTY OF EAGLE, STATE OF COLORADO By and Through its Board of County Commissioners By:______________________ By: ________________________________________ Clerk to the Board of County Kathy Chandler-Henry, Chair Commissioners COLLETT By:________________________________________ Name and Title: ______________________________ DocuSign Envelope ID: 3F69DEBE-3A2A-43C4-8169-4ACDD2207622 Jay Oyler Operations Manager