CTR070049_Contract_Amendment_1.pdf
PDF 149 KB Posted
- Attached to
- Master Agreement AZ|CTR070049
- Contract number
- CTR070049
- Issued by
- Arizona
About this file
This document is a Contract Amendment Summary issued by the Arizona Department of Transportation (ADOT) for an amendment to a contract with U.S. Bancorp Government Leasing and Finance, Inc. The amendment is numbered 1 and pertains to a Master Lease Purchase and 3rd Party Financing agreement.
The amendment modifies three specific sections of the original contract's Scope of Work. These changes include clarifying cross-collateralization terms for lease defaults, establishing a 30-day window for lease execution with requirements to request new rates if not completed, and mandating that all documentation be in electronic format with secured signatures. The amendment maintains all other original contract terms and conditions unchanged, indicating this is a focused update to specific contractual provisions related to lease financing and documentation processes.
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Other files
| File | Type | Posted |
|---|---|---|
| 1-USBGLF - Organization Overview.pdf | ||
| 1-USBGLF Attachment 1.pdf | ||
| 1-USBGLF Attachment 4.pdf | ||
| 1-USBGLF Attachment 5.pdf | ||
| 2024-08-01 COI GL WC.pdf | ||
| CTR070049_Contract_Amendment_2.pdf | ||
| CTR070049_Contract_Documents.pdf | ||
| 1-USBGLF - Financial Stability.pdf | ||
| CTR070049_Contract_Amendment_3.pdf | ||
| Post Award Documents.pdf | ||
| 1-USBGLF - Organization Capacity.pdf | ||
| 2024-11-15 COI PL.pdf | ||
| 1-Financial Envelope-Proposal # 1-prop_answer.xls | XLS spreadsheet | |
| 1-Proposal # 1-prop_items.xls | XLS spreadsheet | |
| 1-USBGLF Attachment 2.pdf | ||
| 1-USBGLF Attachment 3.pdf |
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Text version
ARIZONA DEPARTMENT OF TRANSPORTATION
1655 W. Jackson Street, MD 100P
Phoenix, AZ 85007
Contract Amendment Summary CONTRACTOR: U.S. Bancorp Government Leasing and Finance, Inc
AMENDMENT NO.: 1
DESCRIPTION: Master Lease Purchase / 3rd Party Financing
Rev. 04/2020
Procurement
Pursuant to the Uniform Terms and Conditions, Section 5, Contract Changes, the above referenced contract is amended. Summary of changes is as follows:
1. Scope of Work, paragraph 4.4.3 is changed to read as follows:
Upon request of the Contractor and approval of the Department, leases are cross-collateralized for events of default other than the loss of fiscal funding. The termination of a lease for loss of fiscal funding as provided in the lease, shall not in any manner be considered as a default on, or have any effect on remaining leases for which funds are available.
2. Scope of Work, paragraph 4.4.7 is changed to read as follows:
The Lessee shall request new rates and a new amortization schedule if the lease is not executed within the established 30 days.
3. Scope of Work, paragraph 6.2 is changed to read as follows:
All documentation must be electronic format. Accepted means of secured signature will be used.
4. All other terms, conditions and provisions of this contract remain unchanged.
File details come from the government source that posted it. Updated .