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Resolution Approving the Final Payoff of the Vehicle Lease Contracts with Enterprise Entities (ETM) and Enterprise Fleet Management, Inc (EFM)
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WHEREAS, it is deemed fiscally responsible and desirable to pay off the current leasing contracts between the Forest Preserve District of Kane County, Kane County, Illinois (District) and Enterprise Entities (ETM) and Enterprise Fleet Management, Inc. (EFM); and
WHEREAS, the District is seeking to pay off the existing nine (9) F-150 vehicles currently leased by the Forest Preserve District of Kane County, Kane County, Illinois from Enterprise Entities and Enterprise Fleet Management; and
WHEREAS, The District Board of Commissioners has approved budgeted funds in the fiscal year 2025 to pay off the existing leases with EFM in an effort to reduce interest charges, administrative fees and to better manage the vehicle replacement of fleet management.
NOW, THEREFORE, BE IT RESOLVED that the Forest Preserve District Board of Commissioners of the Forest Preserve District of Kane County, Kane County, Illinois, that the final payoff to Enterprise Fleet Management Inc. in an amount not to exceed $169,080.61, is hereby is approved, and the President and Secretary of the Forest Preserve District of Kane County are hereby authorized and directed to execute said final payment on behalf of the District, in accordance with its terms.
APPROVED AND PASSED on this 10th Day of September 2024
___________________________ ____________________________
Christopher Kious Myrna Molina
President, Kane Forest Preserve Secretary, Kane Forest Preserve
Kane County, Illinois Kane County, Illinois