Common Contracts
1 similar Master Installment Purchase Agreement contracts
FROM: Michael Cheroutes, Director of High Performance Transportation Enterprise SUBJECT: Master Installment Purchase AgreementMaster Installment Purchase Agreement • September 10th, 2014 • Colorado
This workshop is to discuss a proposed agreement between HPTE and CDOT that would finance the acquisition by HPTE of tolling equipment and software for designated express lanes. CDOT would initially purchase the assets and then sell them to HPTE under the Master Installment Purchase Agreement. Payments would be made by HPTE from the toll revenues of the related express lanes. HPTE has been advised that it must own the tolling equipment and software used to operate its express lanes.
