Police Vehicle – Authorizing Lease Agreement with Ford Motor Credit Company
Expiredformal_resolutionongoingThe Village Board authorizes a five-year lease of a 2016 Ford Police Interceptor Sedan from Ford Motor Credit Company with 5 annual payments of $9,497.49, funded from police capital and donation accounts, then similar lines and general funds as budgeted.
First seen
2017-02-13
Latest event
2017-02-13
adopted
Expires
2022-02-13
Resolution text
RESOLVED
- the Village Board authorizes the Mayor and/or Treasurer to complete the Municipal Finance Application along with any other lease related or warranty related documents and transmit funds to secure possession of the vehicle
Show preamble — 4 WHEREAS clauses
- WHEREAS, the Village of Red Hook needs to replace a police fleet vehicle and the Village Board has decided to lease a vehicle for a five (5) year term with a concurrent 5 year vehicle warranty from Ford Motor Credit Company
- WHEREAS, the vehicle selected is a 2016 Ford Police Interceptor Sedan with options and equipment as listed separately and approved by the Sergeant of Police
- WHEREAS, the gross cost is $42,444.99 with 5 annual payments of $9,497.49
- WHEREAS, funds to pay the first year payment will be taken from existing police capital account and police donation lines, then from similar lines in the future and/or general funds as budgeted
Lifecycle (1 event)
2017-02-13adoptedvote: 5-0
Authorize the Mayor and/or Treasurer to execute a five-year lease agreement with Ford Motor Credit Company for a 2016 Ford Police Interceptor Sedan.
moved by Blundell · seconded by Kovalchik
Show text snapshot for this event
Resolved
- the Village Board authorizes the Mayor and/or Treasurer to complete the Municipal Finance Application along with any other lease related or warranty related documents and transmit funds to secure possession of the vehicle
Whereas
- WHEREAS, the Village of Red Hook needs to replace a police fleet vehicle and the Village Board has decided to lease a vehicle for a five (5) year term with a concurrent 5 year vehicle warranty from Ford Motor Credit Company
- WHEREAS, the vehicle selected is a 2016 Ford Police Interceptor Sedan with options and equipment as listed separately and approved by the Sergeant of Police
- WHEREAS, the gross cost is $42,444.99 with 5 annual payments of $9,497.49
- WHEREAS, funds to pay the first year payment will be taken from existing police capital account and police donation lines, then from similar lines in the future and/or general funds as budgeted
Subject key:
police_vehicle_lease_ford