2020/02/24 Enterprise FM Trust Amendment to Mater Equity Lease=@@! I ffitTu.*.*, Open-End (Equity) Lease Rate Quote Quote No:4586991
Prepared For: City of Menifee
Yun, Allen
Unit #
Year 2020 Make Chrysler Model Pacifica
Series Touring Front-wheel Drive Passenger Van
Date 0311B|2O2O
AE/AM GJM
Vehicle Order Type Ordered Term 60 State CA Customer# 343096
$ 30,622.00
$ 0.00
$ 0.00
$ 0.00
$ 325.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
Capitalized Price of Vehiclel
Sales Tax 0.0000% State CA
lnitial License Fee
Registration Fee
Other: (See Page2)
Capitalized Price Reduction
Tax on Capitalized Price Reduction
Gain Applied From Prior Unit
Tax on Gain On Prior
Security Deposit
Tax on lncentive( Taxable lncentive Total : $0.00 )
Total Capitalized Amount (Delivered Price)
Depreciation Reserve @ 1.3500o/o
Monthly Lease Charge (Based on lnterest Rate - Subject to a Floor;2
Total Monthly Rental Excluding Additional Services
Additional Fleet Management
Master Policy Enrollment Fees
Commercial Automobile Liability Enrollment
Liability Limit $0.00
Physical Damage Management
Full Mainlenance Program3 Contract Miles 50,000
lncl: # Brake Sets ('l set = I Axb) q
Additional Services SubTotal
All language and acknowledgments contained in the signed quote
apply to all vehiclos that are ordered under this signed quote.
Order lnformation
Driver Name
Exterior Color (0 P) Bright Vvhite Clearcoat
lnterior Color (0 l) BlacuAlloy Wcloth Bucket Seats
Lic. Plate Type Unknown
GVWR O
Comp/Coll Deductible 0 / 0
OverMileage Charge $ O OOOO per Mile
# Tires 0 Loaner Vehicle Not lncluded
State CA
$ 30,947.00
$ 4',t7.78
$ 99.91
$ 517.69
$ 0.00
$ 0.00
$ 37.97
$ 37.97
$ 45.30
LESSEE City of Menifee
BY
$ 600.95
$ 5,880.20
$ 400.00
Quote based on estimated annual mileage of 10,000
(Current market and vehicle conditions may also affect value of vehicle)
(Quote is Subject to Customer's Credit Approval)
Notes
Open - End (Equity) Lease Agreement and shall have all rights and obligations of the Lessor under the Master Open - End (Equity) Lease Agreement with respect to such vehicle.
ALL TAX AND LICENSE FEES TO BE BILLED TO LESSEE AS THEY OCCUR.
Lessee hereby authorizes this vehicle order, agrees to lease the vehicle on the terms set forth herein and in the l\ilaster Equity Lease Agreement and
agrees that Lessor shall have the right to collect damages in the event Lessee fails or refuses to accept delivery of the ordered vehicle.
Lessee certifies that it intends that more than 50% of use ofthe vehicle ls to be in a trade or business ofthe Lessee.
Sales Tax 8.7500o/o
Total Monthly Rental lncluding Additional Services
Reduced Book Value at 60 Months
Service Charge Due at Lease Termination
TITLE
,baDATE )^
. INDICATES ITEMS TO BE BILLED ON DELIVERY
Rebates And/Or lncentives Have Been Used By Lessor to Reduce the Capitalized Price of the Vehicle.
2 Monthly L€ase Charge VMll Be Adjusted to Reflect the lnterest Rate on the Delivsry Date (Subject to a Flooo.
at the direction of Enterpnse FM Trust, solely as an authorized agenl for @llection on behalf of Enterpnse Fleet Management. lnc
Printed On 03/182020 04:45 PM Page 1 of 8
=@@p I [i.n%.rr*, Open-End (Equity) Lease Rate Quote Quote No:4586991
Other Totals
Pricing Plan Delivery Charge c $ 125.00
Courtesy Delivery Fee C $ 200.00
Total Other Charges Billed $ 0.00
Total Other Charges Capitalized $ 325.00
Other Charges Total $ 325.00
Printed On 0311812020 04:45 PM Page 2 of 8
Description (Blilled or (C)apped Price
Printed On 0311812020 04:45 PM Page 3 of 8
filEIEE ] .[!t"f,I,. ",,,",
Quote No:4586991
AMENDMENT TO MASTER EQUITY LEASE AGREEMENT
THIS AMENDMENT TO MASTER EQUITY LEASE AGREEMENT (this "Amendment") is made and entered into as of the 24lh day of Feb, 2020,by and
between Enterprise FM Trust, a Delaware statutory trust ("Lessoa') and City of Menifee ("Lessee").
WTNESSETH
WHEREAS, Lessor and Lessee are parties to certain Master Equity Lease Agreement dated 2'lst day of Apr, 2015 , as amended (the "Agreement"; all
capitalized terms used and not otherwise defined in this Amendment shall have the respective meanings ascribed to them in the Agreement as amended by this
Amendment); and
WHEREAS, Lessor and Lessee desire to amend the Agreement in the manner hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Lessor and Lessee hereby agree as follows:
'l . Notwithstanding the second to last sentence of Section 'l of the Agreement, Lessor and Lessee hereby agree that, solely for federal, state and local
income tax purposes, the lease by Lessor to Lessee under the Agreement of following Vehicles (the "Specified Vehicles") will be treated as a conditional sale
rather than a true lease and that Lessee will be treated as the owner of the Vehicle solely for such income tax purposes:
Year lvlake Model Quote #
2020 Chrysler Pacifica 458699'l
The Agreement and this Amendment have the specific intent of creating a conditional sale rather than a true lease with respect to the vehicles listed above, and
bydesign,giveappropriateconsiderationtotaxstatutes,Regulations,Courtdecisions,andlRSrulingsandpositions. lnrecognitionofthatintent,eachofLessor
and Lessee hereby further agrees that it will not take any action or file any return or other document inconsistent with such tax treatment or with the ownership of
the Specified Vehicles by Lessee solely for such income tax purposes.
Notwithstanding the foregoing, or anything else in this Amendment, the Agreement or any Schedule to the contrary, and given the inherent uncertainty that exists
with respect to any advertised tax result or outcome, Lessee hereby acknowledges and agrees that Lessor makes no representation, warranty or covenant that
any tax authority will not assert a contrary position or assert that (a) the lease ofthe Specified Vehicles by Lessor to Lessee is a true lease for tax purposes, (b)
Lessee is not the owner of the Specified Vehicles for tax purposes and/or (c) Lessee is not entitled to claim any depreciation or recovery deduction for tax
purposes with respect to the Specified Vehicles. Lessee shall be solely liable for any and all costs and expenses, including, without limitation, any and all
attorneys' fees, incurred in contesting any such treatment of the lease of the Specified Vehicles as other than a conditional sale and shall keep Lessor informed,
in writing, of any dispute with any tax authority as to the tax treatment of the lease of the Specified Vehicles.
2. All references in the Agreement and in the various Schedules and addenda to the Agreement and any other references of similar import shall
henceforth mean the Agreement as amended by this Amendment. Except to the extent specifically amended by this Amendment, all of the terms, provisions,
conditions, covenants, representations and warranties contained in the Agreement shall be and remain in full force and effect and the same are hereby ratified
and confirmed.
lN WTNESS WHEREOF, Lessor and Lessee have executed this Amendment to Master Equity Lease Agreement as of the 24lh day of Feb, 2020
Enterprise FM Trust (Lessor)
By: Enterprise Fleet Management, lnc., its attorney in fact
City of Menifee ("Lessee")
By Tanr Dalaz Dioilallv sionerl hv Tom llolan By
Title:Title: Fleel t\rFnaoement AVP
Printed On 0311812020 04:45 PM Page 4 of I
=@@!l I tiftll.*.*, Open-End (Equity) Lease Rate Quote Quote No:4586991
VEHICLE INFORMATION
2020 Chrysler Pacifica Touring Front-wheel Drive Passenger Van - US
Series lD: RUCRS3
Pricing Summary:
INVOICE
Base Vehicle $ 32,827.00
Total Options $ 0.00
Destination Charge $ 1,495.00
Total Price $ 34,322.00
MSRP
$ 33,745.00
$ 0.00
$ 1,495.00
$ 35,240.00
SELECTED COLOR:
Exlerior:
lnterior:
PVW - (0 P) Bright White Clearcoat
XP - (0 l) BlacuAlloy dcloth Bucket Seats
SELECTED OPTIONS:
CODE
27W
APA
CEQ
DFH
ERC
H7
NAS
PW/-o1
SDC
STDAX
TMK
UAG
WFN
XP-O,I
z1A
DESCRIPTION
Quick Order Package 27W
Monotone Paint Application
Black Seats
Transmission: 9-Speed 948TE Automatic
Engine: 3.61 VO 24V WT UPG lw/ESS
Cloth Bucket Seats
50 State Emissions
(0 P) Bright Vvhite Clearcoat
Touring Suspension
3.25 Axle Ratio
Tires: 235/65R17 BSWAS
Radio: Uconnect 4 W7" Display
Wheels: 17" x7.0" Aluminum
(0 l) BlacUAlloy WCloth Bucket Seats
GMNR: 6,055 lbs
tNvotcE MSRP
NC
STD
NC
STD
STD
STD
NC
NC
STD
STD
STD
STD
STD
NC
STD
NC
STD
NC
STD
STD
STD
NC
NC
STD
STD
STD
STD
STD
NC
STD
Printed On 0311812020 04:45 PM Page 5 of 8
CONFIGURED FEATURES
Body Exterior Features:
Number Of Doors 4
Rear Driver Door: power sliding rear passenger doors
Driver And Passenger Mirror: power remote heated manual folding side-view door mirrors
Spoiler: rear lip spoiler
Door Handles: chrome
Front And Rear Bumpers: body-coloured front and rear bumpers
Front Bumper lnsert: black front bumper insert
Front License Plate Bracket: front license plate bracket
Body Material: galvanized steel/aluminum body material
Grille: black grille
Convenience Features:
Air Conditioning automalic dual-zone front air conditioning
Air Filter: air filter
Rear Air Conditioning: rear air conditioning with separate controls
Voice Activated A,/C: voice activated air conditioning
Cruise Control: cruise control with steering wheel controls
Power \Mndows: power windows with driver and passenger 1{ouch down
1/4 Vent Rear Windows: power rearmost windows
Remole Keyless Entry: keyfob (all doors) remote keyless entry
llluminated Entry: illuminated entry
lntegrated Key Remote: integrated key/remote
Auto Locking: auto-locking doors
Passive Entry: Keyless Enter 'n Go proximity key
Trunk FOB Controls: keyfob trunUhatch/door release
Remote Engine Start: remote engine start
Steering Wheel: steering wheel with manual tilting, manual telescoping
Day-Night Rearview Mirror: day-night rearview mirror
Auto-dimming Rearview Mirror: auto-dimming rearview mirror
Driver and Passenger Vanity Minor: illuminated driver and passenger-side visor mirrors
Garage Door Opener: garage door transmitter
Emergency SOS: Uconnect Access emergency communication system
Front Cupholder: front and rear cupholders
Floor Console: partial floor console with box
Overhead Console: mini overhead console with storage, conversation mirror
Glove Box: illuminated locking glove box
Driver Door Bin: driver and passenger door bins
Rear Door Bins: rear door bins
Seatback Storage Pockets: 2 seatback storage pockets
lnterior Concealed Storage: interior concealed storage
lP Storage: covered bin instrument-panel storage
Driver Footrest: drive/s footrest
Retained Accessory Power: retained accessory power
Power Accessory Outlet: 212V DC power outlets
Entertainment Features:
radio SiriusxM AM/FM/Satellite with seek-scan
Radio Data System: radio data system
Voice Activated Radio: voice activated radio
Speed Sensitive Volume: speed-sensitive volume
Steering Wheel Radio Controls: steering-wheel mounted audio controls
Speakers: 6 speakers
1st Row LCD: 2 1st row LCD monitor
Wreless Connectivity: wireless phone connectivity
Antenna: integrated roof antenna
Lighting, Visibility and lnstrumentation Features:
Headlamp Type delay-off projector beam halogen headlamps
Front Fog Lights: front fog lights
Front \Mpers: variable intermittent wipers
Rear \Mndow wiper: fixed interval rear window wiper
Rear \Mndow Defroster: rear window defroster
Printed On 03n812020 04:45 PM Page 6 of B
Tinted VMndows: deep-tinted windows
Dome Light: dome light with fade
Front Reading Lights: front and rear reading lights
lgnition Switch: ignition switch light
Variable lP Lighting: variable instrument panel lighting
Display Type: analog display
Tachometer: tachometer
Voltometer: voltmeter
Compass: compass
Exterior Temp: outside-temperature display
Low Tire Pressure Warning: tire specific low{ire-pressure warning
Park Dislance Control: ParkSense with Stop rear parking sensors
Trip Computer: trip computer
Trip Odometer: trip odometer
Blind Spot Sensor: blind spot
Oil Pressure Gauge: oil pressure gauge
Water Temp Gauge: water temp. gauge
Oil Temp Gauge: oil temperature gauge
Transmission Oil Temp Gauge: transmission oil temp. gauge
Clock: in-radio display clock
Systems Monitor: systems monitor
Check Control: redundant digital speedometer
Rear Vision Camera: rear vision camera
Oil Pressure Warning: oil-pressure warning
Water Temp Warning: water-temp. warning
Battery Warning: battery warning
Lights On Warning: lights-on warning
Key in lgnition Waming: key-in-ignition warning
Low Fuel Warning: low-fuel warning
Low Washer Fluid Warning: low-washer-fluid warning
Door Ajar Warning: door-ajar warning
Trunk Ajar Warning: trunk-ajar warning
Brake Fluid Warning: brake-fluid warning
Turn Signal On Warning: turn-signal-on warning
Transmission Fluid Temperature Warning: transmission-fluid{emperature warning
Safety And Security:
ABS four-wheel ABS brakes
Number of ABS Channels: 4 ABS channels
Brake Assistance: brake assist
Brake Type: four-wheel disc brakes
Vented Disc Brakes: front ventilated disc brakes
Daytime Running Lights: daytime running lights
Driver Front lmpact Airbag: driver and passenger front-impact airbags
Driver Side Airbag: sealmounted driver and passenger side-impact airbags
Overhead Airbag: curtain 1st, 2nd and 3rd row overhead airbag
Knee Airbag: knee airbag
Occupancy Sensor: front passenger airbag occupancy sensor
Height Adjustable Seatbelts: height adjustable front and rear seatbelts
Seatbelt Pretensioners: front seatbelt pre-tensioners
Side lmpact Bars: side-impact bars
Perimeter Under Vehicle Lights: remote activated perimeter/approach lights
Tailgate/Rear Door Lock Type: tailgate/rear door lock included with power door locks
Rear Child Safety Locks: rear child safety locks
lgnition Disable: Sentry Key immobilizer
Security System: security system
Panic Alarm: panic alarm
Electronic Stability: electronic stability
Traclion Control: ABS and driveline traction control
Front and Rear Headrests: manual adjustable front head restraints with tilt
Rear Headrest Control: 2 rear head restraints
3rd Row Headrests: 3 fixed third row head restraints
Seats And Trim:
Printed On 0311812020 04:45 PM Page 7 of 8
Seating Capacity max. seating capacity of 7
Front Bucket Seats: front bucket seats
Number of Driver Seat Adjustments: 8-way driver and passenger seat adjustments
Reclining Driver Seat: power reclining driver and manual reclining passenger seats
Driver Lumbar: po\ rer 4-way driver and passenger lumbar support
Driver Height Adjustment: power height.adjustable driver and passenger seats
Driver Seat Mounted Armrest: driver and passenger seat mounted armrests
Driver Fore/Aft: porirrer driver and passenger fore/aft adjustment
Driver Cushion Tilt: power driver and passenger cushion tilt
Rear Seat Type: rear manual reclining captain seat
Rear Seat Fore/Aft: manual rear seat fore/aft adjustment
Rear Folding Position: rear seat tumble forward
Rear Seat Fold into Floor: fold into floor rear seat
Rear Seat Mounted Armrests: rear seat mounted armrest
3rd Row Seat Type: fixed third row manual 60-40 splilbench seat
3rd Row Electric Control: Stow 'n Go fold into floor third row seat
Leather Upholstery: cloth front and rear seat upholstery
Door Trim lnsert: vinyl door panel trim
Headliner Material: full cloth headliner
Floor Covering: full carpet floor covering
Dashboard Console lnsert, Door Panel lnsert Combination: coloured instrument panel insert, door panel insert, console insert
Shifl Knob Trim: metal-look shifl knob
Floor Mats: carpet front and rear floor mats
lnterior Accents: piano blacumetal-look interior accents
Cargo Space Trim: carpet cargo space
Trunk Lid: plastic trunk lid/rear cargo door
Cargo Tie Downs: cargo tie-downs
Cargo Light: cargo light
Air Compressor: tire mobility kit
Standard Engine:
Engine 287-hp, 3.6-liter V-6 (regular gas)
Standard Transmission:
Transmission 9-speed automatic w/ OD
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