The City of Jefferson has entered into a lease agreement with M & M Golf Cars, LLC for the rental of 60 golf cars for use at the City's Oak Hills Golf Center. The lease term is for one year, with the option to renew for four additional one-year periods. The monthly rental rate is $101.40 per cart, with a total annual cost of $73,008. The contract includes provisions for repairs, maintenance, and replacement of the golf cars, as well as requirements for notices and consents. The key aspects of this contract include:
• The lease term and renewal options
• The monthly rental rate and total annual cost
• The responsibilities of the lessor and lessee for repairs, maintenance, and replacement of the golf cars
• The requirements for notices and consents
• The option to substitute different vehicles upon agreement of the parties
• The provision for automatic renewal of the agreement unless the City provides written notice of non-renewal at least 30 days prior to the first day of a renewal period.