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HomeMy WebLinkAboutContracts & Agreements_159-2001_CCv0001.pdf Page 1 SCHEDULE 3967209 - MASTER EQUIPMENT LEASE-PURCHASE AGREEMENT Lease No. 3967200 This Equipment Schedule dated as of 11/20/2001, is being executed by Ford Motor Credit Company("Lessor"), and City of Redlands ("Lessee"), as a supplement to, and is hereby made a part of that certain Master Equipment Lease- Purchase Agreement dated as of 09/2011995("Lease"), between Lessor and Lessee. Lessor hereby leases to Lessee under and pursuant to the Lease, and Lessee hereby accepts and leases from Lessor under and pursuant to the Lease, subject to and upon the terms and conditions set forth in the Lease and upon the terms set forth below, and following items of Equipment: QUANTITY DESCRIPTION (MANUFACTURER, MODEL AND SERIAL NO.) SUPPLIER 2002 Crown Victoria Police Sedans + 7.50% Sales Tax and $5.00 Tire Pasadena 6 Fee, 2FAFP7lW72X114296, 2FAFP71W92X114297, Ford, Inc. 2FAFP71 W62X117111, 2FAFP71 W82X117112, 2FAFP71WX2X117113, 2FAFP71W12X117114 EQUIPMENT LOCATION: City of Redlands Police Department 35 Cajon Street, Suite 30 P.O. Box 3005 Redlands, CA 92373 Initial Term: 36 Months Commencement Date: 11/20/2001 Periodic Rent: 2 Consecutive Annual in Advance Payments of$50,317.35 each (including interest), followed by one final payment of $50,317.56, due under this Lease. The Periodic Rent Payment also includes any applicable sales/use tax due and payable on the Lease Payment Dates, set forth in Schedule 3967209, Page 2. California Tire Fee: $5.00 and 7.5% State Sales Tax are due and payable at Schedule signing. EXECUTED as of the date first herein set forth. LESSEE: City of Redlands LESSOR: Ford Motor Credit Company Police Department � tf f By: By. r Pat Gilbreath Frp k astrella Title: Mayor Title: Operations Manager, Municipal Finance r Attest: Lorri Poyzer, Clerk J Counterpart No. 3 of 3 manually executed and serially numbered counterparts. To the extent this Schedule constitutes chattel paper, no security interest herein may be perfected through the possession of any counterpart other than Counterpart No. 1. SCHEDULE 3967209 - MASTER EQUIPMENT LEASE-PURCHASE AGREEMENT Lease No. 3967200 AMENDMENT That certain Master Equipment Lease-Purchase Agreement, by and between Ford Motor Credit Company("Lessor") and City of Redlands ("Lessee"), dated as of 09/20/1995 (the "Lease") is hereby amended as follows: Lessee has not issued, and reasonably anticipates that it and its subordinate entities will not issue, tax-exempt obligations (including this Lease) in the amount of more than $10,000,000 during the current calendar year; hereby designates this Lease as a "qualified tax-exempt obligation"within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, ("Code"); and agrees that it and its subordinate entities will not designate more than $10,000,000 of their obligations as "qualified tax-exempt obligations" during the current calendar year. Except as amended hereby, the Lease shall otherwise remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment as of the 20th day of November, 2001. LESSEE: City of Redlands LESSOR: Ford Motor Credit Company Police Department By: By: Pat Gilbreath Frank astrefia Title: Mayor Title: Operations Manager, Municipal Finance Attest: Lorr!5Poyzer, Cj ,"Ierk Font, 8038-G Information Return for Tax-Exempt Governmental Obligations OMB No.1545-0720 ►Under internal Revenue Code section 149(e) (Rev. May 1999) ► See separate instructions Department of the Treasury Caution:Use Form 8038-GC if the issue price is under$100,000. ❑ internal Revenue Service If Amended Return,check here ► Reporting Authority 2 issuer s employer Identification 1 Issuers name 95-6000766 City of Redlands Roo /suite 4 Report number 3 Number and street(or P.O.box if mail is not delivered to Street address) G2001-3967209 35 Cajon Street, Suite 30P.O. Box 3005 6 Date of Issue 5 City,town,or post office,state,and ZIP code 11/20/2001 Redlands, CA 92373 8 CUSIP number 7 Name of issue NONE 10 Telephone n rrber of driver or legal Name title of officer or legal representative whom the IRS may call for more information 909-798.7512 Daniel MCHu h Type of Issue(check applicable boxes) and enter the issue price) See instructions 11 d attach schedule 11 Education 12 12 F-1 Health and hospital • ' . ' ' • . . . 13 13 Transportation . . . . . . . . 14 94,564.59 14 ® Public safety . . . . . . . . . 15 15 Environment . • • • . . 16 16 Housing 17 17 Utilities • • • • • . . ' ' ' 18 18 ❑ Other. Describe 19 If obligations are TANS or RANs,check box I" F-1If obligations are BANS,check box ► 20 If obligations are in the form of a lease or installment sale,check box . . . . . Description of Obligations. (Complete for the entire issue for which this form is being filed.) d Weighted (e) Yield (a)Final maturity date (b)Issue price (c)Stated redemption O 9 price at maturity average maturity N/A 3 21 11/20/03 $ 94,564.59 ears NIA Uses of Proceeds of Bonds Issue(including underwriters' discount) 22 22 Proceeds used for accrued interest . . . . . • • • • • . . . ' • ' ' 23 23 Issue Price of entire issue(Enter amount from line 21,column(b)). 24 Proceeds used for bond issuance costs(including underwriters'discount) 24 25 Proceeds used for credit enhancement . . • • • • • • 25 26 Proceeds allocated to reasonably require reserve or replacement fund . . 26 27 Proceeds used to currently refund prior issues . . . . . . . . . . 28 28 Proceeds used to advance refund prior issues 29 29 Total(add lines 23 through 27). 30 30 Nonrefunding proceeds of the issue(subtract line 28 from line 22 and enter amount here . DeWMJ� scription of Refunded Bonds (Complete this part only for refunding bonds.)► N/A years 31 Enter the remaining weighted average maturity of the bonds to be currently refunded years 32 Enter the remaining weighted average maturity of the bonds to be advanced refunded . to- 33 33 Enter the last date on which the refunded bonds will called . . . • • • • • • • . • 34 Enter the dates(s)the refunded bonds were issued► Miscellaneous state vol35 35 Enter the amount of the volume cap all to the issue under section 141 (b�5) invested or to be invested in a guaranteed investment axtact(se instnictions) 36, 36a Eater the amount of gross proceeds b Enter the final maturity date of the guaranteed investment contract 37 Pooled financings: a Proceeds of this issue that are to be used to make loans to other governmental units 37. b If this issue is a loan made from the proceeds of another tax-exemptadate of thissue ox ► D and enter the name of the issuer ► ► 38 If the issuer has designated the issue under section 265(b)(3XBXIxlll) (small issuer exception),check box . ► 39 If the issuer has elected to pay a penalty in lieu of arbitrage rebate,check box ► E 40 If the issuer has identified a hedge,check box. . . . . . . . . • ules and statements,and to the best of my knowledge Under penalties of perjury,I declare that 1 have examined this return and accompanying sched And belief,they are true,correct,and complete. Please Sign Pat Gilbreath,Mayor Here , INSURANCE FACT SHEET We require a Certificate of insurance or Declaration Page shown in the name���eMunpione insurance company is used, indicate each and for what typecoverage. the Master Equipment Lease Purchase 1 on vehicles, Liability Property Damage i Agreement, Lease No. 3967200, we require Liability and Physical Damage on all other Equipment and FORD MOTOR CREDIT COMPANY named as Lossall Payee and Additional and Insured. RETURN TO: Ford Motor Credit Company, Municipal Finance, PO Box 1739-MD 7500, Dearbom, MI 48121-1739. SCHEDULE NO: 3967209 PLEASE NOTE: FORD MOTOR CREDIT COMPANY REQUIRES A MINIMUM OF $1,000,000 PUBLIC LIABILITY COVERAGE; OR THE STATE MAXIMUM(IF LOWER) IS REQUIRED MUNI: City of Redlands ADDRESS: 35 Cajon Street, Suite 30 P.O. Box 3005 CITY: Redlands, CA 92373 CONTACT: Julie,Accts. Payable Ext 7530 PHONE: (909)798-7520 EQUIP DESC: (6) 2002 Crown Victoria Police Sedans + 7.50% Sales Tax and $5.00 Tire Fee, 2FAFP71W72X114296, 2FAFP71W92X114297, 2FAFP71W62X117111, 2FAFP71W82X117112, 2FAFP71WX2X117113, 2FAFP71W12X117114 INSURANCE COMPANY: ADDRESS: STATE: —ZIP: CITY: CONTACT PERSON: PHONE: EXPIRATION DATE: POLICY NO: PROPERTY DAMAGE AMT: LIABILITY AMT: PHYSICAL DAMAGE AMT: COMPREHCTNSIVEDIBDUCTILE: SION LE: INSURANCE COMPANY: ADDRESS: —STATE: ZIP: CITY: PHONE: CONTACT PERSON: EXPIRATION DATE: POLICY NO: PROPERTY DAMAGE AMT: LIABILITY AMT: COOLPSION DTIBLE: PHYSICAL DAMAGE AMT: DEDUCTIBLE: SELF-INSURED: IF YOU ARE SELF-INSURED FOR ANY COVERAGE, PLEASE PROVIDE THE NAME OF YOUR INSURANCE POOL/FUND. NAME OF INSURANCE POOL/FUND: PROPERTY: $ PHYSICAL-. $ SELF-INSURED FOR: LIABILITY: $----- TO: CONTINUOUS COVERAGE: FROM: PLEASE SIGN: Pat G"* ath, Mayor Attest: zer,oyity Clerk Lo- i oy LESSOR: FORD MOTOR CREDIT COMPANY P. O. Box 1739 Dearborn, KA|48121-173O DELIVERY AND ACCEPTANCE CERTIFICATE The undersigned Lessee hereby acknowledges receipt of the Equipment described below ("Equipmoer as fully i ood xmz�jng condition; and Lessee hereby accepts the Equipment after full inspection sp�uoue.e". as s�UsfecbzryfnreUpurpoa�a installed an » Q ofthe K4--`aute �rEquipm�ntbaaee-Purcha�eAgr��ment("Leaea")executedbyLessee and Lessor. MASTER LEASE 7MASTER LEASE SCHEDULE DELIVERY PURCHASE PURCHASE 9 9 DATE ORDER NO. D7ATE NUMBER 3967209 NUMBER DATE 0 og/ 0/1 99 3967200 11/20/2001 J 9/20/1995 TPUR HASE PUR HASE EORDCER]N] DELIVERY C NUMBER DATE EQUIPMENT INFORMATION D SERIAL NO.) SUPPLIER DESCRIPTION(MANUFACTURER, MODEL AN FFQU7ANTT�IW ��DESCRIPTION(MANUF�ACTURER, M� L 6 2002 Crown Victoria Police Sedans + 7.50% Sales Tax and $5.00 Tire Pasadena Ford, 2FAFP71W62X1 17111, 2FAFP71W82X1 17112, 2FAFP71WX2Xl 17113, 2FAFP71W12X1 17114 � LESSEE: {�d�n[F� BY: Redlands' P.O.35 Cajon E�namt Suite Box 3005 Redlands,C\92373 ` DATE ACCEPTED: ' , OPINION OF COUNSEL nt30872U0dated08/2O1&05byandbebweenFn� �otorCredd | ����oe��Ma�r Equipmm�Le��*P«�h�eAQ�em« �= "Master Agreement"), \ amof�e � Company With respect and City of Redlands (Lessee) as Supplemented by Schedule 3907200 thereto (the nu . \�vvv opinion that: (1) �e0000 ��pohdom oubd���nofthe8bn�. andha000uba�nda| mmourdoYoneormurnnft*»fdkmx�gnoven�gnpowom: (m) the power totax,(b)the power of eminentdomain,and(c)police power; (2) Lessee has the requisite power and authority to purchase the Equipment(as defined in the Master Agreement)and to execute and deliver the Master Agreement and to perform its obligations under the Master Agreement; (3) the execution, delivery and performance by Lessee of the Master Agreement have been duly authorized by all necessary action onthe part ofLessee; (4) the Uniform Commercial Code of the state whore the Equipment is located and/or the certificate of title \owo of such state will govern the method ofperfecting L*mao/asecurity interest inthe Equipment; (5) the Master Agreement has been duly executed and delivered by Lessee and constitutes m legal, valid and binding obligation of Lessee enforceable inaccordance with its terms; ^ oorinveogeonapendingor.tomyknmw|ndge.thnaeUanedmgminmtormfeoU ngLessee,utlaw orin (6) th«nsar*»»nudm^pn ��uingotrumenta|itywhich, ifadversely determined, would have umaterial equity, or before or by any governmental oradministrative agencyorint or the ability of Lessee toperform its obligations under the «anu:' adverse effect onthe transaction contemplated inthe Master AQneeme» Agreement and Lessee is not indefault under any material obligation for the payment ofborrowed money'for the deferred purchase price«f rider any leaseegneomnntwhioheiMhnrindividuoUy «rinth* aQQm*Qatewmu\dhavedhooameouoh property nrfor the payment nfany rent u effect;and ding he award of Master Agreement and the purchase o f the Equipment have (7) all required public bidding pnoondunuo ragau\mwauthorizations are required been followed byLessee and ~ eNm\orders, permissions,consents, apprvv registrations ordeclarations are required VobaUledinoonneoUonwhbth»*xeouoonanonn\pvvu. "=~=". .u ~_._— Aft n y for Lessee niel McHugh K january 2001 Previous editions may NOT wused INVOICE November 14, 2001 LESSEE: City of Redlands Police Department 35 Cajon Street, Suite 30 P.O. Box 3005 Redlands, CA 92373 REMIT PAYMENT TO: FORD MOTOR CREDIT COMPANY MUNICIPAL FINANCE P. O. BOX 1739 - MD 7500 DEARBORN, MI 48121-1739 PLEASE RETURN A COPY OF THIS INVOICE WITH YOUR PAYMENT ACCOUNT FIRST DESCRIPTION PAYMENT NUMBER PAYMENT AMOUNT DUE DATE 3967209 1112012001 $50,317.35 (6) 2002 Crown Victoria Police Sedans + 7.50% Sales Tax and $5.00 Tire Fee, 2FAFP71 W72X114296, 2FAFP71 W92X114297, 2FAFP71 W62X117111, 2FAFP71 W82X117112, 2FAFP71 WX2X117113, 2FAFP71 W12X117114 PLEASE REMIT: $50,317.35 If you have any questions regarding this invoice, please call Patricia Walker(800- 241-4199, Ext. 172).