Contract - Team Marathon Fitness, Inc. - 7/28/2022 CITY OF ROUND ROCK AGREEMENT
FOR RENTAL/PURCHASE OPTION FOR FITNESS EQUIPMENT
FROM
TEAM MARATHON FITNESS, INC.
dba MARATHON FITNESS
THE STATE OF TEXAS § --
CITY OF ROUND ROCK § KNOW ALL BY THESE PRESENTS:
COUNTY OF WILLIAMSON §
COUNTY OF TRAVIS §
This Agreement is for rental.--'purchase option for replacement fitness equipment for City
of Round Rock Parks and Recreation Department's Clay Madsen Recreation Center, and for
related goods and services, and is referred to herein as the "Agree nt " This Agreement is
made and entered into on this the day of the month of , 2022, by and
between the CITY OF ROUND ROCK, TEXAS, a home-rule municipality hose offices are
located at 221 East Main Street, Round Rock, Texas 78664, referred to herein as the "City," and
TEAM MARATHON FITNESS, INC. dba MARATHON FITNESS, whose offices are located
at Post Office Box 17705, Sugar Land, Texas 77496, referred to herein as "Marathon" or the
"Vendor." This Agreement supersedes and replaces any previous agreement between the named
parties, whether oral or written, and whether or not established by custom and practice.
RECITALS:
WHEREAS, City desires to rent and have a purchase option for replacement cardio
fitness equipment for Clay Madsen Recreation Center, and to purchase associated services
including but not limited to delivery, installation, removal of and credit for existing equipment,
maintenance and warranty coverage; and
WHEREAS, and City desires to procure same from Vendor; and
WHEREAS, City is a member of the Buy Board Cooperative Purchasing Program ("Buy
Board") and Vendor is an approved BuyBoard vendor; and
WHEREAS, City desires to purchase of certain goods from Vendor through Buy Board
Contract No. 665-22 as set forth herein; and
WHEREAS, the parties desire to enter into this Agreement to set forth in writing their
respective rights, duties, and obligations;
4875-6323-8692!ss2
V- Pagr� ! "?,--2)(f
NOW, THEREFORE, WITNESSETH:
That for and in consideration of the mutual promises contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
mutually agree as follows:
1.01 DEFINITIONS
A. Agreement means the binding legal contract between City and Vendor whereby
City is agrees to obtain specified goods and Vendor is obligated to provide specified goods.
B. City means the City of Round Rock, Williamson and Travis Counties, Texas.
C. Effective Date means the date upon which the binding signatures of both parties
to this Agreement are affixed.
D. Equipment means the description of goods per Exhibit "A" of this Agreement,
attached hereto and incorporated herein by reference for all purposes. Upon installation of
Equipment, Vendor shall give notice to City of all serial numbers registered by Vendor with
manufacturer(s).
E. Goods mean the specified supplies, materials, commodities, or equipment.
F. Total Loss means any loss or damage that is not repairable or that would cost
more to repair than the market value of the Equipment at the time of loss.
G. Vendor means Team Marathon Fitness, Inc. dba Marathon Fitness, or any
successors or assigns.
2.01 EFFECTIVE DATE AND TERM
A. This Agreement shall be effective on the date it has been signed by both parties
hereto, and shall remain in full force and effect unless and until it expires by operation of the
tenn stated herein, or until terminated or extended as provided herein.
B. This Agreement shall terminate on November 30, 2025.
C. Prices shall be firm for the duration of this Agreement and for any renewal
periods. No separate line-item charges shall be pennitted for invoicing purposes, including but
not limited to equipment rental, demurrage, costs associated with obtaining pen-nits, or any other
extraneous charges.
D. City reserves the right to review the relationship at any time, and may elect to
tenminate this Agreement with or without cause or may elect to continue, subject to termination
provisions in Section 20.01 of this Agreement.
2
3.01 CONTRACT DOCUMENTS AND EXHIBITS
The goods and services which are the subject matter of this Agreement are described in
Exhibit "A" and, together with this Agreement, comprise the total Agreement and they are fully
a part of this Agreement as if repeated herein in full.
4.01 COSTS
The City shall be authorized to pay Vendor an amount not-to-exceed a total of One
Hundred Sixty-Three Thousand Five Hundred Eighty-Eight and 601100 ($163,588.60) for
the term of this Agreement in accordance with the attached Exhibit "A."
5.01 INVOICES
A. All invoices shall include, at a minimum, the following information:
1. Name and address of Vendor;
2. Purchase Order Number;
3. Description and quantity of items received; and
4. Delivery dates.
6.01 DELIVERY OF EQUIPMENT
Vendor shall timely deliver, at Vendor's own expense and risk, the Equipment to its
designated location(s) within the City of Round Rock, Texas.
7.01 USE OF EQUIPMENT
A. City shall use the Equipment in a commercially reasonable manner, and shall
comply with all manufacturer's requirements furnished to City by Vendor and/or
manufacturer(s) regarding the Equipment, and City shall comply with any applicable law
(whether local, state or federal) regarding use of the Equipment including but not limited to
environmental and copyright law.
B. City shall use the Equipment for the purpose for which said Equipment was
designed, and not for any other purpose.
C. Unless City obtains the prior written consent of Vendor, City shall not alter,
modify or attach anything to the Equipment, unless such alteration, modification or attachment is
easily removable without damaging the functional capabilities or economic value of the
Equipment.
8.01 NON-APPROPRIATION AND FISCAL FUNDING
This Agreement is a commitment of City's current revenues only. It is understood and
agreed that City shall have the right to terminate this Agreement at the end of any City fiscal year
if the governing body of City does not appropriate funds sufficient to purchase the services as
determined by City's budget for the fiscal year in question. City may effect such termination by
giving Vendor a written notice of termination at the end of its then-current fiscal year.
9.01 PROMPT PAYMENT POLICY
In accordance with Chapter 2251, V.T.C.A., Texas Government Code, any payment to be
made by City to Vendor will be made within thirty (30) days of the date City receives goods
under this Agreement, the date the performance of the services under this Agreement are
completed, or the date City receives a correct invoice for the goods or services, whichever is
later. Vendor may charge interest on an overdue payment at the "rate in effect" on September 1
of the fiscal year in which the payment becomes overdue, in accordance with V.T.C.A., Texas
Government Code, Section 2251.025(b). This Prompt Payment Policy does not apply to
payments made by City in the event:
1. There is a bona fide dispute between City and Vendor, a contractor,
subcontractor, or supplier about the goods delivered or the service
performed that cause the payment to be late; or
2. There is a bona fide dispute between Vendor and a subcontractor or
between a subcontractor and its supplier about the goods delivered or the
service performed that causes the payment to be late; or
3. The terms of a federal contract, grant, regulation, or statute prevent City
from making a timely payment with federal funds; or
4. The invoice is not mailed to City in strict accordance with any instruction
on the purchase order relating to the payment.
10.01 GRATUITIES AND BRIBES
City may, by written notice to Vendor, cancel this Agreement without liability to Vendor
If it is determined by City that gratuities or bribes in the form of entertainment, gifts, or
otherwise were offered or given by Vendor or its agents or representatives to any City officer,
employee or elected representative with respect to the performance of this Agreement. In
addition, Vendor may be subject to penalties stated in Title 8 of the Texas Penal Code.
11.01 TAXES
City is exempt from Federal Excise and State Sales Tax; therefore, tax shall not be
included in Vendor's charges
4
12.01 INSURANCE
Vendor shall meet all requirements as set forth at:
https://www.rotitidrocktexas.w,ov�w -content/uploads/2014J12/lnsurance-Requireinents-2.pdf
13.01 REPAIR OBLIGATIONS AND WARRANTY
A. Repair Obligations. Vendor shall, at Vendor's sole expense during any
warranty period, keep the rental equipment in good repair according to manufacturer's warranty
terms, normal wear and tear excepted. Vendor shall supply all parts that are necessary to keep
the rental equipment in good working order. The following are not considered to be "normal
wear and tear": abuse or misuse of equipment outside of the manufacturer's original design
intent; neglect, such as failing to properly clean sweat from frames which then results in rusting
of metal surfaces.
B. All work shall be satisfactorily completed by Vendor or Vendor's designee at
Vendor's expense. All repair work will, by terms of this Agreement, be provided at no
additional cost to City. The parties expressly agree that this is to include ALL related repair
costs including but not limited to travel, lodging, meals, and the like.
C. Warranty. Vendor warrants and guarantees that all rental equipment will be in
new working order and new condition upon delivery. The rental equipment is warranted as
being of merchantable quality and is further warranted as being fit for use for the following
purpose: use in a public fitness area.
14.01 LOSS DAMAGE
A. To the extent permitted by law, after delivery of the Equipment to the City, City
shall be responsible for risk of loss, theft, damage or destruction to the Equipment from
extraordinary circumstances such as acts of God. The parties expressly acknowledge that
damage from normal use and/or reasonable process is not included within this Section.
B. In the event the Equipment is lost or damaged, City shall continue its payment
obligation under this Agreement, shall provide Vendor with prompt written notice of such loss or
damage, and shall, if the Equipment is repairable, put or cause the Equipment to be put into a
state of good repair, appearance, and condition.
C. In the event of Total Loss of the Equipment, City shall continue its payment
obligation under this Agreement, shall provide Vendor with prompt written notice of such loss,
and shall replace the Equipment with encumbrance-free equipment of the same model, type and
configuration.
5
15.01 OWNERSHIP; RIGHT TO RENT; QUIET ENJOYMENT
A. Vendor warrants that City shall have the right to rent, without owning, the
Equipment according to the terms of this Agreement; and if City's purchase option is exercised
according to the terms of this Agreement, then and in that event City shall own such Equipment.
B. Vendor warrants that, so long as no legal default has occurred of this Agreement,
Vendor shall not disturb City's quiet and peaceful possession of the Equipment, and warrants
City's unrestricted use of the Equipment for the purposes for which the Equipment was designed.
16.01 SURRENDER OF EQUIPMENT
A. At the end of the term of this Agreement, in the event that City has not exercised
its purchase option in accordance with the terms of this Agreement, then and in that event City
shall make the Equipment available for pick-up, and Vendor shall arrange at its sole cost and
expense, to pick up such Equipment.
B. In the event that City fails to make the Equipment available for pick-up, the
parties acknowledge that City shall pay to Vendor any unpaid rent for the term plus the Casualty
Value of the Equipment, which is hereby defined as twenty percent (20°0), at which time
ownership of the Equipment shall pass in an unrestricted manner to City.
17.01 CITY'S REPRESENTATIVE
City hereby designates the following representative authorized to act in its behalf with
regard to this Agreement:
David Buzzell
Assistant Director, PARD
301 West Bagdad Avenue, Suite 250
Round Rock, TX 78664
18.01 RIGHT TO ASSURANCE
Whenever either party to this Agreement, in good faith, has reason to question the other
party's intent to perform hereunder, then demand may be made to the other party for written
assurance of the intent to perform. In the event that no written assurance is given within the
reasonable time specified when demand is made, then and in that event the demanding party may
treat such failure as an anticipatory repudiation of this Agreement.
19.01 DEFAULT
A. Either party shall be declared in default of this Agreement if it does any of the
following:
6
I. Fails to fully, timely and faithfully perform any of its material
obligations under this Agreement, including payment obligations;
2. Fails to provide adequate assurance of performance under the "Right
to Assurance" section herein;
3. Becomes insolvent or makes an assignment of rights or property for
the benefit of creditors or files for bankruptcy, or has bankruptcy
proceedings instituted against it, under the federal bankruptcy laws of
the United States or other competent jurisdictions; or
4. A writ of attachment or writ of execution is levied on the Equipment,
and same is not satisfied or released within 10 days.
B. Upon the occurrence of default by City, Vendor shall be entitled to pursue any one
or more of the following remedies for default:
1. Declare the entire amount of rent to be immediately due and payable,
without further notice or demand;
2. Commence legal proceedings to recover rent and other legal
obligations accrued before and after the event of default.
C. Upon the occurrence of breach, default or non-solvency by Vendor during the
term of this Agreement, City shall be entitled to notice of such in writing, and City may pursue
any one or more of the following remedies for default:
1. Purchase of balance of rent agreement, and transfer of ownership of
Equipment from Vendor to City.
2. Any remedy available at law or in equity.
20.01 TERMINATION AND SUSPENSION
A. City has the right to terminate this Agreement, in whole or in part, for
convenience and without cause, at any time upon ninety (90) days' written notice to Vendor.
B. In the event of any default by Vendor, City has the right to terminate this
Agreement for cause, upon ten (10) days' written notice to Vendor.
C. Vendor has the right to terminate this Agreement for cause, that being in the event
of a material and substantial breach by City, or by mutual agreement to terminate evidenced in
writing by and between the parties.
D. In the event City terminates under subsections A or B of this section, the
following shall apply: Upon City's delivery of the referenced notice to Vendor, Vendor shall
discontinue all services in connection with the performance of this Agreement and shall proceed
to cancel promptly all existing orders and contracts insofar as such orders and contracts are
chargeable to this Agreement. Within thirty (30) days after such notice of termination, Vendor
shall submit a statement showing in detail the goods and/or services satisfactorily performed
under this Agreement to the date of termination. City shall then pay Vendor that portion of the
charges, if undisputed. The parties agree that Vendor is not entitled to compensation for services
it would have performed under the remaining term of the Agreement except as provided herein.
21.01 INDEMNIFICATION
Vendor shall defend (at the option of City), indemnify, and hold City, its successors,
assigns, officers, employees and elected officials harmless from and against all suits, actions,
legal proceedings, claims, demands, damages, costs, expenses, attorney's fees, and any and all
other costs or fees arising out of, or incident to, concerning or resulting from the fault of Vendor,
or Vendor's agents, employees or subcontractors, in the performance of Vendor's obligations
under this Agreement, no matter how, or to whom, such loss may occur. Nothing herein shall be
deemed to limit the rights of City or Vendor (including, but not limited to the right to seek
contribution) against any third party who may be liable for an indemnified claim.
22.01 COMPLIANCE WITH LAWS, CHARTER AND ORDINANCES
A. Vendor, its agents, employees and subcontractors shall use best efforts to comply
with all applicable federal and state laws, the Charter and Ordinances of the City of Round Rock,
as amended, and with all applicable rules and regulations promulgated by local, state and
national boards, bureaus and agencies.
B. In accordance with Chapter 2271, Texas Government Code, a governmental entity
may not enter into a contract with a company for goods and services unless the contract contains
written verification from the company that it: (1) does not boycott Israel; and (2) and will not
boycott Israel during the term of the contract. The signatory executing this Agreement on behalf
of Vendor verifies that Vendor does not boycott Israel and will not boycott Israel during the term
of this Agreement.
C. In accordance with 2274, Texas Government Code, a governmental entity may
not enter into a contract with a company with at least ten (10) full-time employees for a value of
at least One Hundred Thousand and No.'100 Dollars (S 100,000.00) unless the contract has
provision in the contract verifying that it: (1) does not have a practice, policy, guidance, or
directive that discriminates against a firearm entity or firearm trade association; and (2) will not
discriminate during the term of the contract against a firearm entity or firearm trade association.
The signatory executing this Agreement on behalf of Vendor verifies Vendor does not have a
practice, policy, guidance, or directive that discriminates against a firearn entity or firearm trade
association, and it will not discriminate during the term of this Agreement against a firearn
entity or firearm trade association.
D. In accordance with 2274, Texas Government Code, a governmental entity may
not enter into a contract with a company with at least ten (10) full-time employees for a value of
at least One Hundred Thousand and No/100 Dollars ($100,000.00) unless the contract has
provision in the contract verifying that it: (1) does not boycott energy companies; and (2) will not
boycott energy companies during the term of this Agreement. The signatory executing this
Agreement on behalf of Vendor verifies Vendor does not boycott energy companies, and it will
not boycott energy companies during the term of this Agreement.
23.01 ASSIGNMENT AND DELEGATION
A. The parties hereby bind themselves, their successors, assigns and legal
representatives to each other with respect to the terms of this Agreement. Neither party shall
assign, sublet or transfer any interest in this Agreement without prior written authorization of the
other party.
B. VENDOR SHALL NOT ASSIGN THIS AGREEMENT, VENDOR'S
INTEREST IN THIS AGREEMENT, OR VENDOR'S INTEREST IN THE EQUIPMENT
COVERED HEREUNDER WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF
CITY, AND VENDOR SHALL NOT ASSIGN OR TRANSFER VENDOR'S RIGHT TO
COLLECT RENT OR ANY OTHER FINANCIAL OBLIGATION OF CITY.
24.01 NOTICES
A. All notices and other communications in connection with this Agreement shall be
in writing and shall be considered given as follows:
1. When delivered personally to recipient's address as stated in this
Agreement; or
2. Three (3) days after being deposited in the United States mail, with
postage prepaid to the recipient's address as stated in this Agreement.
Notice to Vendor:
Marathon Fitness
Attention: Paul Croegaert, Vice President
Post Office Box 17705
Sugar Land, TX 77496
Notice to City:
City Manager
221 East Main Street
Round Rock, TX 78664
AND TO:
Stephan L. Sheets, City Attorney
309 East Main Street
Round Rock, TX 78664
B. Nothing contained herein shall be construed to restrict the transmission of routine
communications between representatives of City and Vendor.
25.01 APPLICABLE LAW; ENFORCEMENT AND VENUE
This Agreement shall be enforceable in Round Rock, Texas, and if legal action is
necessary by either party with respect to the enforcement of any or all of the terms or conditions
herein, exclusive venue for same shall lie in Williamson County, Texas. This Agreement shall be
governed by and construed in accordance with the laws and court decisions of the State of Texas.
26.01 EXCLUSIVE AGREEMENT
This document, and all appended documents, constitutes the entire Agreement between
Vendor and City. This Agreement may only be amended or supplemented by mutual agreement
of the parties hereto in writing.
27.01 DISPUTE RESOLUTION
If a dispute or claim arises under this Agreement, the parties agree to first try to resolve
the dispute or claim by appropriate internal means, including referral to each party's senior
management. If the parties cannot reach a mutually satisfactory resolution, then and in that event
any such dispute or claim will be sought to be resolved with the help of a mutually selected
mediator. If the parties cannot agree on a mediator, City and Vendor shall each select a mediator
and the two mediators shall agree upon a third mediator. Any costs and fees, other than attorney
fees, associated with the mediation shall be shared equally by the parties. City and Vendor
hereby expressly agree that no claims or disputes between the parties arising out of or relating to
this Agreement or a breach thereof shall be decided by any arbitration proceeding, including
without limitation, any proceeding under the Federal Arbitration Act (9 USC Section 1-14) or
any applicable state arbitration statute.
28.01 SEVERABILITY
The invalidity, illegality, or unenforceability of any provision of this Agreement or the
occurrence of any event rendering any portion or provision of this Agreement void shall in no
way affect the validity or enforceability of any other portion or provision of this Agreement. Any
void provision shall be deemed severed from this Agreement, and the balance of this Agreement
shall be construed and enforced as if this Agreement did not contain the particular portion or
provision held to be void. The parties further agree to amend this Agreement to replace any
stricken provision with a valid provision that comes as close as possible to the intent of the
stricken provision. The provisions of this section shall not prevent this entire Agreement from
being void should a provision which is of the essence of this Agreement be determined void.
29.01 MISCELLANEOUS PROVISIONS
A. Standard of Care. Vendor represents that it employs trained, experienced and
competent persons to perform all of the services, responsibilities and duties specified herein and
that such services, responsibilities and duties shall be performed in a manner according to
generally accepted industry practices.
B. Time is of the Essence. Vendor understands and agrees that time is of the essence
and that any failure of Vendor to fulfill obligations for each portion of this Agreement within the
agreed timeframes will constitute a material breach of this Agreement. Vendor shall be fully
responsible for its delays or for failures to use best efforts in accordance with the terms of this
Agreement. Where damage is caused to City due to Vendor's failure to perform in these
circumstances, City may pursue any remedy available without waiver of any of City's additional
legal rights or remedies.
C. force Majeure. Neither City nor Vendor shall be deemed in violation of this
Agreement if it is prevented from performing any of its obligations hereunder by reasons for
which it is not responsible as defined herein. However, notice of such impediment or delay in
performance must be timely given, and all reasonable efforts undertaken to mitigate its effects.
D. Binding Agreement. This Agreement shall extend to and be binding upon and
inure to the benefit of the parties' respective heirs, executors, administrators, successors and
assigns.
E. Multiple Counterparts. This Agreement may be executed in multiple
counterparts, any one of which shall be considered an original of this document; and all of
which, when taken together, shall constitute one and the same instrument.
[Signatures on the following page.]
IN WITNESS WHEREOF, City and Vendor have executed this Agreement on the dates
indicated.
City of Round Rock, Texas Team Marathon Fitness, Inc.
dba Marathon fitness
By: _ AA Z7 By:
Printed Name: { Printed Name: oT�FLr
Title: Title: l CE
Date Signed: 4��W7.o Date Signed:
For City, Attest:
By� -..
Meagan Spin , `it CI k
For City, Approved as to Form:
By
.x.
Stephan . Sheets, City Attorney
Sales Proposal
www,MarathonFitness.com Date Page
P.O. Box 17705 Apr 19,2022 1 Page 1 of 2
.// Sugar Land, TX 77496 Proposal Number
Tel:(800) 391-9496 Fax:(888) 240-9360 OT0029595
' Exhibit "A"
Printed On 4/19/2022
F,tnes5 Center S�ac,alfsfs At 2:04:39PM
Bill To: Ship To:
Clay Madsen Recreation Center CLAY MADSEN RECREATION CENTER
Clay Madsen Recreation Center 1600 GATTIS SCHOOL RD.
Attn Accounts Payable ROUND ROCK,TX 78664
Round Rock.TX 78664 mveliz@roundrocklexas.gov
USA
Salesperson Proposal Valid Until Terms
Demadee Anderson 5/1912022 Net 30
Qty. Item Number Description Unit Retail Sales Price Extended Price
8 TRM 835-B NP Precor 835 TRM Treadmill. 120v-P31 Console(Tungsten $9,795.00 $6,856.50 $54,852.00
Shroud/Black Frame)
1 SCL 835-B NP Precor Climb with Exclusive Dynamic Step Control $8,995.00 $6,296.50 $6,296.50
(120V)P31 Console(Tungsten Shroud/Black Frame)
4 EFX 835-8 NP Precor 835 EFX-Dual action w/Converging Crossramp- $8,545.00 $5,981.50 $23,926.00
P31 Console(Tungsten ShroudlBlack Frame)
3 AMT 835-13 NP Precor 835 AMT-Adaptive Motion Trainer with Open $ 10,195.00 $7,136.50 $21,409.50
Stride-P31 Console(Tungsten Shroud/Black Frame)
16 MFW21 Comprehensive Commercial Standard Console 3 Years $400.00 $400.00 $6,400.00
Parts/3Years Parts/3 Years Labor Warranty for Precor
Treadmill,EFX,and AMT
Tread,Elliptical.AMT,StairClimber
4 RBK 835-B NP Precor 835 RBK Recumbent Bike,P31 Console(Tungsten $4,575.00 $3,202.50 $12,810.00
Shroud/Black Frame)
2 UBK 835-B NP Precor 835 UBK Upright Bike,P31 Console(Tungsten $4,265.00 $2,985.50 $5,971.00
Shroud/Black Frame)
6 MFW23 Comprehensive Commercial Standard Console 3 Years $350.00 $350.00 $2,100.00
Parts/3 YeYears Parts/3 Years Labor Warranty for Precor
Bikes and Climbers
Bikes
1 AR-3GL Xebex Fitness Rower 3.0 $1,195.00 $956.00 $956.00
No Extended Warranty
Quotation continued on next page...
12 AUTHORIZED DEALER-
!'- Sales Proposal
www.MarathonFitness.com Date Page
P.O. Box '17705 Apr 19 2022 Page 2 of 2
Sugar Land, TX 77496 Proposal Number
Tel-.(800) 391-9496 Fax:(888)240-9360 QT0029595
Exhibit "A" Printed On 4.'19?2022
f�t����ss Center 5���crafisrs At 2 04 39PM
Bill To: Ship To:
Clay Madsen Recreation Center CLAY MADSEN RECREATION CENTER
Clay Madsen Recreation Center 1600 GATTIS SCHOOL RD.
Attn: Accounts Payable ROUND ROCK,TX 78664
Round Rock,TX 78664 mveliz@roundrocktexas.gov
USA
Salesperson Proposal Valid Until Terms
Demariee Anderson 5/19/2022 Net 30
Qty. Item Number Description Unit Retail Sales Price Extended Price
NOTE Audio Transmitters&Receivers
6 MWTD-S9 MYE Digital TV Audio Transmitter $399.00 $319.20 $1,915.20
1 Per TV
22 MWC5-98 MYE Eclipse Smart Programming TV Audio Receiver $149.00 $119.20 $2622.40
1 Per Precor Cardio Piece
1 FREIGHT Freight $5,260.00 $5,260.00 $5260.00
1 EQUIP INSTALL Equipment Installation $4,670.00 $4,670.00 $467000
12 PREV MAINTENANCE QTI On-site Service Call to perform Quarterly Preventative $1,200.00 $1,200.00 $14400.00
Maint
NOTE Proposal Does Not Included Removal/Disposal
of Existing Damaged Equipment
1 BUY BOARD 22 BUY BOARD Contract:#665-22 Vendor:Team Marathon $0.00 $0.00 $0.00
Fitness,Address: PO Box 17705,Sugar Land,TX 77496
Phone:(281)565-2307,Contact:Paul Croegaert.
Email:pawl@marathonfitness.com Federal ID
68-05446644,Contract:Athletic,PE&Gym.Supplies H D.
Exercise Eq.& Accessories#665-22,Effective Date:
4/1/2022
Subtotal $ 163,588.60
Sales Tax 0.00% $0.00
1 accept the terms and conditions of this proposal. Prices are valid for 30
days. Equipment remains the property of Marathon Fitness until paid in full.
Total $ 163,588.60
Mastercard, Amer' an Express,or VISA are accepted and subject to a 3%
convenience fee
Signature: PO#
Printed Name: Title:
a
DELIVERY INSTRUCTIONS: AUTHORIZED DEALER,
Must arrive by _1 1 Loading Dock: Yes No
Exhibit "A"
PAYMENT SCHEDULE
ENTER VALUES LOAN SUMMARY
Loan amount $ 130,758.$0 $ 12,459.60
Purchase Prrce $ 163,588.60 Scheduled number of payrnents 12
Down Payment $ 32,830.00 Actual nurnber of payments 12
Annual interest rate 8.50% Total early payments $ -
Loan period m years 3 Total interest $ 18,756.54
Narnberof payments per year 4 Optional extra payments $ -
Start date of loan' 12/1/2022
Matunty Date' 11/3012025
"Changes based on install date
Customer Name City of Round Rock-29595 LENDER NAME Team Marathon Fitness, Inc.
SCHEDULED�PMT! PAYMENT BEGINNING- EXTRA TOTAL,
• DATE_� BALANCERINC� INTEREST'' PAYMENT PAYMENT, PAYMENTc P
1 1/1/2023 $130,758.60 $12,459.60 $0.00 $12,459.60 $9,680.98 $2,778.62 $121,077.62 $2,778.62
2 4/1/2023 $121,077.62 $12.459.60 $0.00 $12,459.60 $9,886.70 $2.572.90 $111,190.93 $5,351.52
3 7/1/2023 $111,190.93 $12,459.60 $0.00 $12,459.60 $10,096.79 $2,362.81 $101,094.14 $7,714.33
4 10/1/2023 $101,094.14 $12,459.60 $0.00 $12,459.60 $10,311,34 $2,148.25 $90,782.80 $9,862.58
5 1/1/2024 $90,782.80 $12,459.60 $0.00 $12,459.60 $10,530.46 $1,929.13 $80,252.33 $11,791.71
6 4/1/2024 $80,252.33 $12,459.60 $0.00 $12,459.60 $10,754.23 $1,705.36 $69,498.10 $13,497.07
7 7/1/2024 $69,498.10 $12,459.60 $0.00 $12,459.60 $10,982.76 $1,476.83 $58,515.34 $14,973.91
8 10/1/2024 $58.515.34 $12-45960 $0.00 $12,459.60 $11,216.14 $1.24345 $47,299.20 $16;217.36
9 1/1/2025 $47,299.20 $12,459.60 $0.00 $12,459.60 $11,454.49 $1,005.11 $35,844.71 $17,222.47
'0 4/1/2025 $35,844.71 $12.459.60 $0.00 $12,459.60 $11;697.90 $761.70 $24,146.81 $17,984.17
11 7/1/2025 $24.146.81 $12,459.60 $0.00 $12,459.60 $11.946.48 $513.12 $12,200.34 $18,49729
12 10/1/2025 $12.200.34 $12.45960 $0.00 $12,200.34 $11.941.08 $259.26 $0.00 $18,756.54
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