Cities Index.
item 12 Approval of a Five-Year Master Equity Lease Agreement and Maintenance Agreement with Enterprise Fleet Management, Inc. for the Lease and Maintenance of Five Sedans (Cost: $127,000)(Action Item)

Garden Grove City Council
June 23, 2026

Document
item 12 Approval of a Five-Year Master Equity Lease Agreement and Maintenance Agreement with Enterprise Fleet Management, Inc. for the Lease and Maintenance of Five Sedans (Cost: $127,000)(Action Item)
Meeting
June 23, 2026
Body
Garden Grove City Council
Original file
46 KB
Text extracted from the city's file for reading and search. Open the original on agendasuite.org. That file is the official record.

Prepared For: City of Garden Grove Date 05/14/2026
Cortez, Liz AE/AM ZRJ/KA0
Unit #
Year 2026 Make Nissan Model Altima
Series SV 4dr Front-Wheel Drive Sedan
Vehicle Order Type Ordered Term 60 State CA Customer# 241517 $ 22,620.00 Capitalized Price of Vehicle 1
$0.00 * Sales Tax 0.0000% State CA
$ 411.86 * Initial License Fee
$ 0.00 Registration Fee
$ 550.00 Other: (See Page 2)
$ 0.00 * Capitalized Price Reduction
$ 7,500.00 Gain Applied From Prior Unit
$ 0.00 * Security Deposit
$1,137.50 * Taxes
All language and acknowledgments contained in the signed quote apply to all vehicles that are ordered under this signed quote.

Order Information
Driver Name
Exterior Color (0 P) Glacier White
Interior Color Charcoal w/Cloth Seat Trim Or Leather-Appoint Lic. Plate Type Exempt
GVWR 0
$ 15,670.00 Total Capitalized Amount (Delivered Price)
$ 211.55 Depreciation Reserve @ 1.3500%
$ 109.24 Monthly Lease Charge (Based on Interest Rate - Subject to a Floor) 2 $ 320.79 Total Monthly Rental Excluding Additional Services Additional Fleet Management
Master Policy Enrollment Fees
$ 0.00 Commercial Automobile Liability Enrollment
Liability Limit $0.00
$ 0.00 Physical Damage Management Comp/Coll Deductible 0 / 0 $ 46.00 Full Maintenance Program 3 Contract Miles 25,000 OverMileage Charge $ 0.0504 Per Mile Incl: # Brake Sets (1 set = 1 Axle) 0 # Tires 0 Loaner Vehicle Not Included $ 46.00 Additional Services SubTotal
$ 28.07 Tax 8.7500% State CA
$ 394.86 Total Monthly Rental Including Additional Services $ 2,977.00 Reduced Book Value at 60 Months
$ 450.00 Service Charge Due at Lease Termination
Quote based on estimated annual mileage of 5,000
(Current market and vehicle conditions may also affect value of vehicle) (Quote is Subject to Customer's Credit Approval)
Notes
Enterprise FM Trust will be the owner of the vehicle covered by this Quote. Enterprise FM Trust (not Enterprise Fleet Management) will be the Lessor of such vehicle under the Master Open - End (Equity) Lease Agreement and shall have all rights and obligations of the Lessor under the Master Open - End (Equity) Lease Agreement with respect to such vehicle.

Lessee must maintain insurance coverage on the vehicle as set forth in Section 11 of the Master Open-End (Equity) Lease Agreement until the vehicle is sold.

ALL TAX AND LICENSE FEES TO BE BILLED TO LESSEE AS THEY OCCUR.

Lessee hereby authorizes this vehicle order, and agrees to lease the vehicle on the terms set forth herein and in the Master Equity Lease Agreement. In the event Lessee fails or refuses to accept delivery of the ordered vehicle, Lessee agrees that Lessor shall have the right to collect damages, including, but not limited to, a $500 disposal fee, interest incurred, and loss of value.

LESSEE City of Garden Grove

BY TITLE DATE
* INDICATES ITEMS TO BE BILLED ON DELIVERY.
1 Capitalized price of vehicle may be adjusted to reflect final manufacturer's invoice, plus a pre delivery interest charge. Lessee hereby assigns to Lessor any manufacturer rebates and/or manufacturer incentives intended for the Lessee, which rebates and/or incentives have been used by Lessor to reduce the capitalized price of the vehicle. 2 Monthly lease charge will be adjusted to reflect the interest rate on the delivery date (subject to a floor). 3 The inclusion herein of references to maintenance fees/services are solely for the administrative convenience of Lessee. Notwithstanding the inclusion of such references in this [Invoice/Schedule/Quote], all such maintenance services are to be performed by Enterprise Fleet Management, Inc., and all such maintenance fees are payable by Lessee solely for the account of Enterprise Fleet Management, Inc., pursuant to that certain separate [Maintenance Agreement] entered into by and between Lessee and Enterprise Fleet Management, Inc.; provided that such maintenance fees are being billed by Enterprise FM Trust, and are payable at the direction of Enterprise FM Trust, solely as an authorized agent for collection on behalf of Enterprise Fleet Management, Inc.

Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 1 of 6
Other Totals
Description (B)illed or (C)apped Price
Initial Administration Fee C $ 250.00
Courtesy Delivery Fee C $ 300.00
Total Other Charges Billed $ 0.00
Total Other Charges Capitalized $ 550.00
Other Charges Total $ 550.00
Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 2 of 6
VEHICLE INFORMATION:
2026 Nissan Altima SV 4dr Front-Wheel Drive Sedan - US
Series ID: 13316
Pricing Summary:

INVOICE MSRP
Base Vehicle $25,795 $27,580.00
Total Options $180.00 $210.00
Destination Charge $1,245.00 $1,245.00
Total Price
SELECTED COLOR:

Exterior: QAK-(0 P) Glacier White
Interior: G-Charcoal w/Cloth Seat Trim Or Leather-Appointed Seat Trim SELECTED OPTIONS:

CODE DESCRIPTION INVOICE MSRP
G_03 Charcoal w/Cloth Seat Trim Or Leather-Appointed Seat Trim NC NC L92 Floor Mats & Trunk Mat $180.00 $210.00
PAINT Monotone Paint Application STD STD
QAK_02 (0 P) Glacier White NC NC
STDEN Engine: 2.5L DOHC 16-Valve 4-Cylinder STD STD
STDRD Radio: AM/FM Audio System STD STD
STDST Front Bucket Seats STD STD
STDTM Cloth Seat Trim STD STD
STDTN Transmission: Xtronic CVT (Continuously Variable) STD STD STDTR Tires: 215/55R17 as STD STD
STDWL Wheels: 17" Alloy STD STD
$27,220.00 $29,035.00
Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 3 of 6
CONFIGURED FEATURES:

Body Exterior Features:

Number Of Doors  4
Rear Cargo Door Type:  trunk
Driver And Passenger Mirror:  power remote manual folding side-view door mirrors Door Handles:  body-coloured
Front And Rear Bumpers:  body-coloured front and rear bumpers Body Material:  galvanized steel/aluminum body material Grille:  black w/chrome surround grille
Convenience Features:

Air Conditioning  manual air conditioning
Air Filter:  air filter
Cruise Control:  cruise control with steering wheel controls Trunk/Hatch/Door Remote Release:  power cargo access remote release Fuel Remote Release:  mechanical fuel remote release
Power Windows:  power windows with driver and passenger 1-touch down Remote Keyless Entry:  yes remote keyless entry
Illuminated Entry:  illuminated entry
Integrated Key Remote:  integrated key/remote
Auto Locking:  auto-locking doors
Passive Entry:  Intelligent Key proximity key
Valet Key:  valet function
Trunk FOB Controls:  keyfob trunk/hatch/door release
Window FOB Controls:  remote window controls
Remote Engine Start:  keyfob remote start - yes
Steering Wheel:  steering wheel with manual tilting, manual telescoping Day-Night Rearview Mirror:  day-night rearview mirror
Driver and Passenger Vanity Mirror:  auxiliary driver and passenger-side visor mirrors Front Cupholder:  front and rear cupholders
Floor Console:  full floor console with covered box
Overhead Console:  mini overhead console with storage
Glove Box:  glove box
Driver Door Bin:  driver and passenger door bins
Rear Door Bins:  rear door bins
Driver Footrest:  driver's footrest
Retained Accessory Power:  retained accessory power
Power Accessory Outlet:  1 12V DC power outlet
Entertainment Features:
radio  AM/FM/Satellite with seek-scan
Radio Data System:  radio data system
Voice Activated Radio:  voice activated radio
Speed Sensitive Volume:  speed-sensitive volume
Steering Wheel Radio Controls:  steering-wheel mounted audio controls Speakers:  6 speakers
1st Row LCD:  2 1st row LCD monitor
Wireless Connectivity:  wireless phone connectivity
Antenna:  window grid antenna
Lighting, Visibility and Instrumentation Features:

Headlamp Type  delay-off projector beam LED low/high beam headlamps Auto-Dimming Headlights:  High Beam Assist (HBA) auto high-beam headlights Front Wipers:  variable intermittent speed-sensitive wipers wipers Rear Window Defroster:  rear window defroster
Tinted Windows:  light-tinted windows
Dome Light:  dome light with fade
Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 4 of 6
Front Reading Lights:  front and rear reading lights
Ignition Switch:  ignition switch light
Variable IP Lighting:  variable instrument panel lighting Display Type:  analog appearance
Tachometer:  tachometer
Exterior Temp:  outside-temperature display
Low Tire Pressure Warning:  tire specific low-tire-pressure warning Park Distance Control:  rear parking sensors
Trip Computer:  trip computer
Trip Odometer:  trip odometer
Lane Departure Warning:  lane departure
Blind Spot Sensor:  blind spot
Front Pedestrian Braking:  front pedestrian detection
Forward Collision Alert:  forward collision
Water Temp Gauge:  water temp. gauge
Clock:  digital clock
Systems Monitor:  driver information centre
Check Control:  redundant digital speedometer
Rear Vision Camera:  rear vision camera
Oil Pressure Warning:  oil-pressure warning
Battery Warning:  battery warning
Lights On Warning:  lights-on warning
Key in Ignition Warning:  key-in-ignition warning
Low Fuel Warning:  low-fuel warning
Bulb Failure Warning:  bulb-failure warning
Door Ajar Warning:  door-ajar warning
Trunk Ajar Warning:  trunk-ajar warning
Brake Fluid Warning:  brake-fluid warning
Safety And Security:

ABS  four-wheel ABS brakes
Number of ABS Channels:  4 ABS channels
Brake Assistance:  brake assist
Brake Type:  four-wheel disc brakes
Vented Disc Brakes:  front ventilated disc brakes
Daytime Running Lights:  daytime running lights
Spare Tire Type:  compact spare tire
Spare Tire Mount:  spare tire mounted inside under cargo Driver Front Impact Airbag:  driver and passenger front-impact airbags Driver Side Airbag:  seat-mounted driver and passenger side-impact airbags Overhead Airbag:  curtain 1st and 2nd row overhead airbag Knee Airbag:  knee airbag
Rear Side Airbag:  rear side-impact-impact airbag
Occupancy Sensor:  front passenger airbag occupancy sensor Height Adjustable Seatbelts:  height adjustable front seatbelts Seatbelt Pretensioners:  front and rear seatbelt pre-tensioners 3Point Rear Centre Seatbelt:  3 point rear centre seatbelt Side Impact Bars:  side-impact bars
Rear Child Safety Locks:  rear child safety locks
Ignition Disable:  immobilizer
Security System:  security system Vehicle Security System (VSS) Panic Alarm:  panic alarm
Electronic Stability:  electronic stability
Traction Control:  ABS and driveline traction control
Front and Rear Headrests:  manual adjustable front head restraints Rear Headrest Control:  3 rear head restraints
Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 5 of 6
Seats And Trim:

Seating Capacity  max. seating capacity of 5
Front Bucket Seats:  front bucket seats
Number of Driver Seat Adjustments:  8-way driver and passenger seat adjustments Reclining Driver Seat:  power reclining driver and manual reclining passenger seats Driver Height Adjustment:  power height-adjustable driver and passenger seats Driver Fore/Aft:  power driver and passenger fore/aft adjustment Driver Cushion Tilt:  power driver and passenger cushion tilt Front Centre Armrest Storage:  front centre armrest
Rear Seat Type:  rear 60-40 bench seat
Rear Folding Position:  rear seat fold-forward seatback Rear Seat Armrest:  rear seat centre armrest
Leather Upholstery:  cloth front and rear seat upholstery Headliner Material:  full cloth headliner
Floor Covering:  full carpet floor covering
Dashboard Console Insert, Door Panel Insert Combination:  simulated wood/metal-look instrument panel insert, door panel insert, console insert Shift Knob Trim:  urethane shift knob
Floor Mats:  carpet front and rear floor mats
Interior Accents:  metal-look interior accents
Cargo Space Trim:  carpet cargo space
Trunk Lid:  carpet trunk lid/rear cargo door
Cargo Mats:  carpet cargo mat
Cargo Light:  cargo light
Concealed Cargo Storage:  concealed cargo storage
Standard Engine:

Engine 188-hp, 2.5-liter I-4 (regular gas)
Standard Transmission:

Transmission  2-speed CVT w/ OD
Open-End (Equity) Lease Rate Quote Quote No: 9679814
Printed On 05/14/2026 06:12:49 PM Page 6 of 6

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