The contract is for the lease of Toro-branded groundskeeping equipment, with a total cost of $98,015. The lease agreement is between Allegheny County, PA, and TCF National Bank. The contract includes provisions for payments, equipment acceptance, and termination. The key points of the contract are:
* The lease is for a period of 5 years, with a total cost of $98,015.
* The equipment includes two Toro Greensmaster eTriFlex 3360, with a maximum hourly usage of 600 per year.
* The lessee is responsible for maintaining the equipment and paying all taxes and fees related to the lease.
* The lessor is responsible for providing the equipment and ensuring that it is in good working condition.
* The contract includes provisions for termination, including the return of the equipment and the payment of any outstanding fees.