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A Resolution Authorizing the Waiving of the Bid Requirement and the acceptance of the Open-End (Equity) Lease Quotes for one (1) vehicle for the Fire Department from Enterprise Fleet Management under the Master Equity Lease Agreement with Enterprise FM Trust per Resolution 18-2496
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Whereas, the Village of Romeoville ("The Village") is a municipality in accordance with the Constitution of the State of Illinois of 1970; and,
Whereas, the Village of Romeoville ("The Village") has heretofore entered into a master lease agreement with Enterprise FM Trust per Resolution 18-2496; and,
Whereas, the Village of Romeoville ("The Village") has heretofore reviewed the Open-End (Equity) Lease Quote for one (1) 2020 Ford Explorer from Enterprise Fleet Management; and,
Whereas, the Open-End (Equity) Lease Quote includes both vehicles and a variety of equipment necessary to fully equip the vehicles for their intended uses; and,
Whereas, the Village's Fire Department has one other vehicle that has reached the end of useful lives as front line serviceable vehicles and does not provide the features, functionality and reliability needed by the Village to continually operate in an effective and efficient manner and that the procurement of the vehicle was budgeted and approved in the 2021/2022 Fiscal Year Budget; and,
Whereas, the one (1) vehicle will provide the Village with the features and functionality it desires; and,
Whereas, Enterprise Fleet Management has set forth a quote price of $40,376.30 total capitalizer amount over a 60-month lease term ($778.68 per month) including Principal, Interest, Management Fees and End-of- Lease Service charges; and,
Whereas, to permit prompt commencement, assemblage and procurement of the aforementioned vehicles, the Village must accept the Open-End (Equity) Lease Rate Quotes and execute the necessary agreements with Enterprise Feet Management and with Enterprise FM Trust.
NOW, THEREFORE, BE IT RE...
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