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HomeMy WebLinkAboutContracts & Agreements_65-1995_CCv0001.pdf . . «d22� e-■ e e- - ■ e . . � \\�\\�« ■ - � . - - . , .� . ■ :,• , . . e< y� = , a.* v, . � . „ -. . � , w © ' ® _- 4 ^ 'a -• � •: < _ , w = , - , ■ w - , ' - _ <�� { � � � � , ` , a , , a � . w 2� � . , , , , ' - w a. = v. 5, � : , : ; - - ,- _ ` � , ,� . \#/ ` . _ � ^ - � � , ,, � « . . . � ® 2. ■ , , . � § , , . , � :�, ' , ,- � ,- ■ � , . - . . ,� , �f . � , ,- #! \ \tee , e . � , � � . « , \ . > � � `�� � w i . ,- �,,\ , , , . . , � , � � ® � ,/ \ » 4 � , ' *� � - . w , #! . .%% �. . . , \ � � t. ., � , . . � ■ ±t 4 . . , . . , � . .a« z. � , . � . , ; #» . . : � �- j ^ ,- , } � © ,� #a < - , . , ,- � ® � \\■ ,! . . , , � ® � a- . -.,- , , . _ .�. . . � , - , , , ,, , � - , � . „�� _ , � -� , . � « . . , � .�, , . � � « , _� � _ . . , , _ � � . , ,», , � . ` 7 . � ' . �\�\ \ ^{ \\ � ~, ' . /� \ � » . � ` �\»\ � . <\\ \� . » �. z , , , , � < _ «� , ! , , � � , . . . / 2 \ \�, � \�: ' � � � ® � � # <�: . >> > . , ' � ' � � ' � . » : \ � -. � � . � , � � � - t+<�a <« � . , _ � . . ' ' � - ` . !\ � � z , , «� . . . . ` © » :«� - -a< � � . ; . , . � , \ \�\\�. � . . � , � � �� ,.w w< � � , . � � ` ^ - -e- � ,« #: � a»« . , � , '� ` � � - /�', , ■ � ■� , , ,, , a+.. .:, , - � . \, �2 , , �� - � - �ƒ/ � �\ ,, _ � ' ` \ , \ . v> { \��� � � " ' / ' � , , �i\\ � �\ \ ^\/�` \/ � , , � ,. 2 w « , �� � . . » . . � ,wa=� «. � . - . . . », . � � a: , _ , - . , # • # ' #. a it: .�.:# • • f # • :.# am ##.: »`M.=i • .. , # # # # # * ! * ! # # • # # # • # • i #, s • * # * # # ! # # # • • * # # *# f i .i # • # �* if• ## # # # NEW' FOSPeCt to ISSS than all of the Equipment, Lessor will provide Leases with a amount of the L payment the Concluding such slgn writing wed. Less" " retain (as raf*m noti a recordPayment to L h to the Equipment which to In in 2t) of assignment ralrin a suffered0 has the of loss. Lassoes Interest h the Lease. Upon Le 's receipt of written notice of Lesspel 1+6. assignment of all or part of its mer ERTY, The Equipment and will remain agrees to attomto and recognizze any such assignee as the owner o Personal Property and will not be shed to be affixed or attached to Lessor's interest In this Lease,and Lessee real I ate or building thereon. If requested Lessor, Lessee esuicat will, at L 's famish a waiver of any Interest In the ments, Including limitation Lease Pay arf Indicated In the notice of assignment to such assignee. Equipinlent from any party having an Interest in any such real estate or building. 1$ EVENT OF DEFAULT. The term "Event of aut,* as used herein, means the occurrence of any one or more of the following 15. INSURANCE. Lessee,will, at Its expense, maintain at all tunes eras. (I) Lessee fails to snake any Lease Payment (or during the Lease Term, fire and extended coverage, public: liability Payment) as it becomes due In accordance with the teany other rms of this and Property damage insurance with respect to the Equipment in Lease, and any such failure continues for ten (10) days after the due such amounts, covering such risks, and with such insurers as shall date thereof; (i) Lessee falls to perform or observe any other covel- I be Satisfactory to Lessor,or,with Lessor's prior written consent, may rant, condition, or agreemeret to be performed or observed by it sell'-insure against any or all such risks, In no even will the inur- hereunder and such failure is not curd within twenty ante limits be l than the amount of the thea applicable Conclud- written notice thendiscovery a after ing Payment with respect to such Equipment, by ; (Ilii the dls esy by Lessor Each insurance Policy statement, representation, or warranty made by Lessee in this Lease will name Lessee a an insured and Lessor or its assigns as an or in any writing ever delivered by Lessee additional insured, and will contain a clause requiring the insurer to connection herewith was false, misleading, or erroneous In arry give Lessor or its assigns at least thirty ( Q) days prier written notice material res iva Lessee becomes sofv of any alteration in the terms of such Policy or the cancelhtion is debts as they me due, or makes en,pis nmentunable for the thereof, The proceeds of any Such Policies will be payable to lessee benefit of creditors, applies or consents to the appointment of a d Lessor or is assigns as their interests may appear. Ippon accep- receiver, trust conservator liquidator of Lessee or of Co is lance of the Equipment, and upon each insurance renewal date, assets,or a Lessee will deliver to Lessor a certificate evidencing such insurance, petition for relief r flied by L under bankruptcy, or a Insolvency, reorganization or similar ora bion in, or a In the event that Lessee has been permitted to sel€-insure, Lessee will, Proceeding under, any bankruptcy, furnish Lessor with a letter or certificate to such effect. In the event similar laws is filed or instituted against ee an, d is snot dismissed Of any loss, damage, Injury or accident involving the Equipment, or fully stayed within twenty (20) days after the filing or Institution Lessee will Promptly Provide Lessor with written notice thereof and thereof; (v) Lessee fails to make arty payment when due or fails to make available to Lessor all information and documentation relating perform or observe any covenant, condition, or agreement to be thereto and shall Permit Lessor to participate and cooperate with performed by it under any other agreement or obligation with Lessor Lessee in making any claim for insurance in respect thereof. or an affiliate of Lessor and �Y applicablegrace Period or notice 16. INI?E?ufNl TION. Lessee shall lnde€ran' Lessor a ainst with res thereto shall have elapsed or n given; or (vi) aro and hold Lessor harmless from, all g attachment, or execution Is threatened or levied upon or stet any orad a�chinas, actions, proceed- the Equiprnertt. Ings, expenses, damages or liabilities, including attorney's fees and court costs, arising In connection with the Equipment, including, but 19. REMEDIES. Upon the occurrence of an Event of Default; not limited to, its selection, purchase, delivery, installation, posses- as long as such Event of Default, is continuing, L aand t is Sion, use, operation, rejection, or return and the recovery of claims option, exercise any one or more of the following remedies$(i) by under insurance policies thereon. The indemnification provided written nonce to Lessee,declare an&.mount equal to all amounts n under this Section shall continue in felt force and effect notw;thsland- due under the Lease, and all remaining L Payments due during €rag the full payment of all obligations under this Lease or the termina- the fiscal year of Less in which the default tion of the Lease Term for any reason, occurs to be immediate- ty due and payable, whereupon the same Shsill due and me immediately 7. M without Lessor's prior written consent, L payable; (la t written notice to , request Le to will ether , (and L agrees t wild,at 's pr ptly aril (i assign, transfer, pledge, hypothecate,crate, grant gray the Equipment to Lessor in the manner set forth in Section security interest in or otherwise dispose of this Lease of the Equip- or Lessor, at Its 5 hated, meat or Interest in this Lease or the Equipment or � sable or Equipment is located option, take Immediate rnzy enter upon the prem` o the lend the Equipment or Permit t to be used a€ryone other than the me, l,,1 sell or le remove L car Lessee's employees. Lessor may sig;t its rights, title account oaf Les holding Lessee Equipment or sublease t for the and serest in orad to this Lease, the Ecjuipriae?t ai=d any documents other payments due to the effective liable of such Payments and executed with respect to this Lease and/or grant or assign a security subleasing and for difference between purchase pr irk or interest in this Lease and the Equipment, in whole or in part, and and other amounts paid rental by the Purchass'Lessee's rights will be subordinated thereto. Any such assignees Pursuant to such e, le subleaser$ e or sub shall e all of the rights of Lessor under this Lease. Subject to the able by Les hereunder; and amounts otherwise foregoing,this Lease inures to the benefit and h bindinguege l exercise other successors and assigns of the parties hereto. Less covenantsandtela s of the state here the Equ(which may available is two loit cated applicable agrees not to assent against the assignee any claims or defenses by apPllcable law or r � �r way of abatement, setoff, counterclaim, recoupment or the like which terms of this Lease p or to re e Mora to the cover Lessee have against Lessor. Upon assignment of L or`sLe or to rescind this Le to for the breach of this interests herein, Lessor will cause written notice of such signmerit addition, Lessee will remain liable for all or all of the Equipment. In covenants and Indernnitles, totenit,to Lessee which will be sufficient if it discloses the name under this Lease and for all legal fees and other costs and expenses, of the assignee and address to which further payments hereunder Including courl costs, incurred by Lessor with respect to the enforce- should be made. No further action will be required by Lessor or by rnent of any of the remedies listed above or any other remedy Lessee to evidence the assignment, but Lessee will acknowledge available to Lessor. i edfloons may t7 bit sated i Addendum to Equipment Lease-Pement Dated as of September 20, 1995, Between Ford Motor Credit Company and City of Redlands This addendum is entered into as of this 20th day of September, 1995 between Ford Motor Credit Company Lessor) and City of Redlands, `Lessee"} for the purpose of amending and modifying that certain Equipment Lease-Purchase Agreement (the 'Agreement) dated as of the date hereof between the Lessor and the Lessee as follows: 1, SE CSN 16. INDEMNIFICATION. insert the following to the beginning of first sentence: Insert: 'To the extent permitted by law,4 Z Section 19. REMEDIES. insert the following to the last line of (iii: Insert. *under Section 19 (1)' hereunder: 3. As modified hereby, the Agreement is and shall remain in full torte and effect and, except as modified hereby, the rights and obligations of the parties thereunder are not moclified or affected in any way, IN WITNESS WHEREOF, the parties hereto have caused this Addendum to be executed as of the day and year first above written. LESSEE: City of Redlands LESSOR: Ford Motor Credit Company By: By: L"c— C%'LaL.' twen Larson' B. C. Bielskis Title: Mayor Title: Supervisor, Municipal Financing Attested: Poyser er Lorre oy- TitW� C' , lerk r: Office of the City Attorney f , C=ity of Redlands Daniel J.McHugh,Esq, September 20, 1995 Ford Motor Company PO Box 1739 Dearborn, MI 48126-1739 Re: Ford Motor Credit Company Equipment Lease -Purchase Agreement Number 39672 Ladies and Gentlemen. As City Attorney for the Citi;of Redlands(tie "City") I have reviewed the captioned lease (the "Lease") dated September 20, 1995 by and between the City and Ford Motor Credit Company (the "Company") relating to the lease of seven 1995 Ford Crown Victoria p7l Police Sedans as described in Schedule "A" attached to the Lease (the "Equipment"). I have also reviewed the proceedings taken by the City Council of the City on September 19, 1995 with respect to the authorization,execution and delivery of the Lease and authorizing the Mayor of the City to execute the Lease i behalf of the City. I have examined the Lease and have also examined the law and such certified proceedings and other papers as I have deemed necessary to render this opinion. As to questions of fact that are material to my opinion. I have relied upon representations of the City, the certified proceedings and other certifications of officers of the City furnished to me without undertaking to determine the accuracy, completeness or fairness thereof. Based upon my examination, I am of the opinion, as of the date hereof, that: W The City is a municipal corporation duly organized and validly existing cinder the Constitution and laws of the State of California and as such is a political subdivision of the State of California with police powers, and the power to tax and the authority to enter into and perform all of its obligations under the Lease. 40 The execution, delivery and performance of the Lease was duly authorized by all necessary actions of the City. P.O. Bax 3005, Redlands, CA 92373-1505 {909} 798-7595 FAX (909) 798-7503 Ford Motor Company September 20, 1995 Page Two (iii) The City has duly authorized, executed and delivered the Lease and, assuming due authorization,execution and delivery thereof by the Company, the Lease constitutes a legal, valid and binding agreement of the City enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors' rights in general and except as such enforceability may be limited by the application of equitable principles if equitable remedies are sought. (iv) To the best of my knowledge there is no litigation pending or threatened against the City contesting the validity of the Lease or which challenges the validity of action taken by the City in connection with Lease or contesting the authorization, execution and delivery of the Lease. (v) The City is a political subdivision within the meaning of Section 103 of the Internal Revenue Code of 1986, as amended. 1 express no opinion as to the tax exempt status for federal or State Of California income tax purposes of the interest component of rental payment,, payable by the City under the Lease. Further, I have not been engaged, nor have I undertaken to advise, any party or to opine as to any matters not specifically covered herein, including, but not limited to, matters relating to compliance with any securities law. This opinion is solely for your benefit and may not be circulated,quoted from or relied upon by any other party without my prior written consent. Sincerely, Daniel I McHugh City Attorney cc.* Gary Luebbers,City Manager DJM458M` M PURCHASE O TXK Upon thirty Com}fts poorwf*Mn notion from!Ls""b L"",artd Provided that there k no Event d Deisuk, b herve !item renewed P"MW Pmvd* in writing from bna to �SUM no[ia Or an Went which with notice or lapse d time,or both,ted became days eUtwequertt tc an Event d Deta�ft, then existup. Lessee w* have tfte right to Puy 1"O be E on " Lease Payment date get forth in Schedute A hereto by peylrr9 to Lessor, on such date, the Lease are far � ?3. S�Ham.A!f $ection► Payment then due corttairted twrein �� oPP�s+�date� � W �w°r"�ac,ope d any p„o,,;s,onence�f tt1i9!.9933.OW We not ceded to ►�. title and k>terPufdMe �� lessor wqt trarWer arrir and as of its Is . UW. The Lease Shall be wmardY. etWM or q"W Lq to Lessee as k. without 2sOOV.and govG erned Construed In accor Equby,the 18"d the the QwPment ipment tree and clear d � Lessor wiy Leman! that the any ins created by Lessor. Y1. TAX ASSL"OT� aOyMWM The Parties assume thatL DELIVERY OF RELATED DOCL 1-93.980 wM Wmcute or Lessor• can me Jude from Federal gross incortte the interest portion of on��,09 mQue3ted by Lessor,such other documents and iroorttta. 1-ea," Payment get forth n Scheduis A ur-ow the reai$0rW y necessary with mor oned'tnteraW Portion.' cottrrtut oonternpiated by this Lease OSPect to the transaction � Lessee cov8nerlts that it will n register!itis !_ease and transners 28 BMAE twed n acoordance wkh section 149(a) Of the Code and the �� WAS The Lease Documents �thereunder, (a) tkney file a statement with constitute the entire agreement between the parties with respect to Lease In the required tour, in accordance„i b this the tease d the Equlpmerit, grid this Lease shall not be ntodyled, �. � not perms the property fi MAced y thin ea(e)to the amended, altered, or changed y or inW"used for a by this Lease n n- Lessee and Lessor. QxcW wnh the andWIttto consent d private twslt►8ss use yv�the meal~ � Arry prdviSion d this Leese found t0 be prohbit- ins d section 141 of the Code, (N) not take by few shalt be ineffective to the extern of such WWbVm w&W any action which results, directly or itdirecty, in the interest portion of kwatidsting the remainder of this Lease. The wakw by bang exchldabie from Padang► wie�Y Lease Payrrteta not breach by Lessee d any term,covenant or lessor of any d the Code and w�take any pursuant to section 1� operate as a walver d ►hereof!;!tali not such result, and necessary to Prevent �5'subsequerx !teach thereon. (v) not take any action which results in M lease Wcwft and will take any, reasonable atxion to prevent this Lease tMm g (a) an arbitrage obligation wmm the meaning of section 148 of the Code or (b)federaUy guaranteed the rrean_ lng of section 149 Of the Code. NotwMmUVxling the eartier terming. tion or O piraibn Of this Lease, the obfigmsons provided for in this Section 21 shall survive such earlier tsrmkrta ion or expiration. 2Z NOTICES. All notices to be given under this Lease shall tie made in wridirtg and melted by OW< ed mei, return receipt requestgd, to the other party at fts address set forth herein or at such address as W WETNESS WHEREOF, the parties have executed this Agreement as Of the 20th day of Septernber, 1985 Less": CkY of Redtertds Lessor; Ford Maltz Ct"Corripary By: _ !.arson By - 6 . „ Tbe: e.C. 9+elsicis Attest: TkJe: S<Pervisor FinermkV Lorrie Pa er, City e k OPINION OF COUNSEL SEE ATTACHED With to that oartet , rn�l..^Rag-Purctta�9g I am d the opinion that ()interest paid by Lessee b�ant ard�Les3s')L Sease will�ember 2b 19k�5 by aril between Lessor arid Less", Revenue Code of 1986, as anfendW, (U) the exec�nlort, turn tax u Id@ Secbon tt33 a) of the Internal wry action!on the q and Performance by Lessee d the Lease have been d* ( +fie all Pali d Lessee: (pi)the Lease aortstJ<utes a ,vaad and binctng d Lessee aril xs terms: ff ttw Uof pworrn Commercial Code d the state where the Equipment d bated govern the rttethod d orC6eWe n a000rdance wr;h b Perte d a Lessors secant',, interest in the E and/or the c8rtficete d title Laws of such state wit ke. egannst or at►eciin9 Leasee, at law tom' (v) there are no suits, pros« which, lt adversely dat mwted, would qty, or before or by any Wr errunerrtai or�epe enc ding or, x LOSS" to perforin 9 have a material adverse effect on the transaction contemplated -S Of property tansy,for the deferred Pxch under the Leese and Lsssee is not in default under lt►the Lease or the mor eewould e�eCt and rt or r the��d any r6m under � which�r��yborrowed O#oWed by LOSS" &W no ( ) squired Pu tWc bidding or n the egistrations a dcl governmar,tat orders, pe►rrtissioris, consents, ung the award d the Lease neve been arstiOm are required to be filed n oonnection with the e�approvals �horizmrorts are required to be obtained and no "very d the Lease. SEE ATTACHED or Attorney�ffor lessee out is" PMWMN dwar.MW#071W and Dart ugh s a lu €D iJ,-- ----- --- ^:-. AMEl' DENT The certain E t rtt qu�R chase Agreement by and between Ford Motor Credit Company CLessor) and City of Redlands McSseel, dated as of September 2Q, 1995 the Lease's is hereby amended as follows: A ee t issued, and r antics . . tY pates t It and Its subordinate entities will not issue, tax-exempt obligations pr1cluding this Agreement) In the amount of more than $10,000,000 during the current calendar year; hereby designates this Agreement as a "qualified tax- exempt obligation within the moaning of Section 265(b)(3) of the internal Revenue Code Of 1986, as amended, CGude"}, 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. . The parties assume and Intend that this Agreement willual` " q y as a qualified tax-exempt obligation"within the meaning cif Section 265(b)(3)(8) of the Cade. In the event that Lessor, its assignoes or su signees either (Q receive notice from the Internal Revenue Service; or (ii) reasonably determines, based on an opinion of independent tax counsel selected by Lessor and approved by Lessee, which approval Lessee shall not unreasonably withhold; that the otherwise applicable exception set forth in Section 265(b)(3) of the Code Is not available,then Lessee shall pay Lessor, Its assignees or sub-assignees, as the case may be, within thirty (30) days after receiving: notice fromLessor of such determination, the amount which, ` respect to rental payments previously paid, will restore the after -tax yield on the transaction evidencedby this Agreement to that which would have been had such exception been available, and pay as additional rent on succeeding rent payment due dates such amount as will maintain such after-tax yield. 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 September, 1995 LESSEE: City of Redlands LESSOR: Ford Motor Credit Comp any Swan Larson �`` ` -- � � ���.-v-� Title- MayorB. C. Rielsleis Tito: Supervisor, Municipal Financing ATT By= . o rie e C`�If Title: CIe Page I SCHEDULE A - EOUIpMENT LEASE-PURCHASE AGREE MENT Lease No. 39672 This Equipment Schedule dated as of 09t20t95 is bei Credit Company ("Lessor"), and City of Redlands !Lessee"), executed be Ford o, an hereby attached to and made a part of that certain EquipmentaLea.ses a -Purchase g and is dated as of 09720/95 ("Lease"), between Lessor and Lessee, chase Agreement Lessor hereby leases to Lessee under and pursuant to the Lease an accepts and leases from Lessor under d Lessee hereby rto the terms and conditions set forth in the Lease andnupon the Lease, subject to and upon the following itemsof Equipment: terms set forth below, the OUANTITY DESCRIPTION (MANUFACTURER, MODEL AND SERIAL NO.) SUPPLIER 1995 Ford Crown Victoria. P71 Police Sedans with ford ESP Premium Care � � Downey Auto Center � with Maintenance and Near 11 � (3 Yearsl75,000 Miles) Sales Tax = 7.752 i Serial No. : 2FALP71VXSX130981 2FALP71V5SX130984 2FALP71VOSX130990 2FALP71VBSX130994 � 2FALP71WXSX130995 2FALP71VJSX130996 2FALP71V3SX130997 t IEQtJI T LOCATION: City Of Redlands Police Department 35 Cajon Street, Suite 30 s Redlands, CA 92373 Initial Perm: 36 Months Commencement Date: 09/20/95 Periodic Rent: 35 Consecutive Monthl Pa interest followed by Qney¢inalents of $4,960.61 each (including payment of $4,959.09 plus any and all other payments due under this Lease-Purchase Agreement_ The Periodic Rent Payments also include any applicable sales/use tax due said payable on the Lease Payment Dates, setfort, inSchedule A, Page 2. EXECUTED as of the date first herein set forth. LESSEE: CITY OF OLANOS LESSOR: FORD MOTOR CREDIT COMPANY BY: EwerLarson BY: � Mayor Brenda Clskis ATTEST. Supervisor, Municipal Financing Ey; rrie �o City Cle Schedule A Page 2 Payment Schedule Lease Number: 39672 Lease Lease Payment Payment Lease Interest Principal Concluding Number Date Payment Portion Portion Payment 1 9 120 / 1995 4,960.61 0.00 4,960.61 159,259.95 2 10 20 / 1995 4,960.61 776.39 4,184.22 155,075.73 3 11 / 20 / 1995 4,960.61 755.99 4,204.62 150,871.11 4 12 20 / 1995 4,960.61 735.50 4,225.11 146,646.00 5 1 20 / 1996 4,960.61 714.90 4,245.71 142,400.29 6 2 20 / 1996 4,960.61 694.20 4,266.41 136,133.88 7 3 20 / 1996 4,960.61 673-40 4,287.21 133,846.67 8 4 f 20 / 1996 4,960.61 652.50 4,308.11 129,538.56 9 5 120 / 1996 4,960.61 631.50 4,329.11 125,209-45 10 6 l 20 / 1996 4,960.61 610.40 4,350-21 120,e59.24 11 7 20 / 1996 4,960.61 589.19 4,371-42 116,487.82 12 8 20 / 1996 4,960.61 567.88 13 4,392.73 112,095.09 9 20 / 1996 4,960.61 546.46 4,414.15 107,680-94 14 10 20 / 1996 4,960.61 524-94 4,435-67 103,245.27 15 11 20 / 1996 4,960.61 503-32 4,457-29 98,787.98 16 12 120 / 1996 4,960.61 481.59 4,479.02 94,308.96 17 1 f 20 / 1997 4,960.61 459.76 4,500.85 89,800.11 18 2 1 20 11997 4,960.61 437.01 4,522.80 85,285.31 19 3 20 1997 4,960.61 415.77 4,544-84 80,740.47 20 4 20 1997 4,960.61 393.61 4,567.00 76, 173-47 21 5 f 20 11997 4,960.61 371.35 4,589-26 71,584.21 22 6 20 1997 4,960.61 348.97 4,6111-64 66,972.57 23 7 / 20 / 1997 4,960.61 326-49 4,634-12 62,338.45 24 8 / 20 / 1997 4,960.61 303.90 4,656.71 57, 681-74 25 9 / 20 / 1997 4,960.61 281.20 4,679.41 53,002.33 26 10 / 20 / 1997 4,960.61 258.39 4,702.22 48,300.11 27 11 120 / 1997 4,960.61 235.46 4,725.15 43,574.96 26 12 / 20 11997 4,960.61 212.43 4,748.18 38, 826.78 29 1 / 20 / 1998 4,960.61 189.28 4,771.33 34,055-45 30 2 / 20 / 1998 4,960.61 166.02 4,794-59 29,260.86 31 3 / 20 / 1998 4,960. 61 142,65 4, 817-96 24,442.90 32 4 / 20 / 199s 4,960.61 119-16 4,841-45 19,601-45 33 5 / 20 / 1998 4,960.61 95.56 4,865.05 14,736-40 34 6 / 20 / 1998 4,960.61 71-84 4,888.77 9,847.63 35 7 120 11998 4,960.61 48.01 4,912.60 4, 935.03 36 8 / 20 / 1998 4,959.09 24.06 4,935.03 1.00 TOTAL 178,580-44 14,359.88 164,220.56 • . vv VV . „ 8038-G informatlon Retum for Tax-Exempt Govemmentai Obligations (Rpv. trtay 19" b- Under Inwmd ftvw w code tech 1490) OMS No. 1$"720 ► S+e separau Ins vucto*M �^WOW"ato�1 Mss:us.Form eoae-ccRe 'ng �a��erica es w+r�r sroo 000.� portAtttho tf Amended Return, check here ► t issuer`s rtierrce 2 hajees*MPP�rtr WwMkab w mxnber City Redlands 95 X6000766 3 Number and street(or P.O. box M mall is not dowered b s wt aodre=) =9/20/95 number 35 Cajon Street, Suite 30 Gig 5 City,tO*V%or post Office. state,and DP c ocso issue Redlands, CA 92373 zs 7 *of due B CUSIP number City of Redlands NA Type of Issue check applicable and enter the issue rice 9 ❑ Education (attach s&wlule--see insWctions) . . . . . . . . . . . 112 s 10 Transportation❑❑ Health and hospital (attach schedule-xee imtuc o*. . . . . , . . . . 11 12 C Public s . . . . . . . . . . . . . . . . . . . . . . . . . . 164 220.56 13 ❑ Environment (including sewage bonds) . . . . . . .14 ❑ Housing . . . . . . . . . . . . . . . . . . . 14 t 5 ❑ Utilities . . . . . . . . . . . . . . . . . . . . . ' 15 16 ❑ Other. Describe (see instructions) ► 16 17 M obligations are tax or other revenue anticipation bonds. check box 0- le if oblimatkm ars in the form of a lease or installment sale,check bout ► ❑ LQMUt Descripbon of Obligations nal Metry date *"red nus r.r0prio. P st a }veraae , Y:io idNe iu«..t 19 Final maturity. % Coe 20 Entire issue 164,220-56 Uses of Proceeds of Bond Issue rncunderwriters' discount - — 21 Proceeds used for accrued interest . . . . . . . . . . . . 21 22 issue price of entire issue (enter amount from ane 2Q column(c)) . . . . . . 23 Proceeds used for band issuance issue casts(including underwriters'd&ou m) 23 24 Proceeds used for credit enhancement . . . . 24 25 Proceeds allocated to reasonably required reserve or ngAareltent kind 25 26 Proceeds used to currently refund prior issues 26 27 Proceed= used to advartce refund prior issues . . . . . n f� 28 Total (add lines 23 through 27). �" 29 Nonrefundi roceeds of the issue subtract Cine 2e horn.ane 22 and enter amount here 2q t)6,Qcri tion of Retunded Bonds (Compietrs tris part Only for r&funding bor>ds) 30 Eater the remaining weighted average maturity of the bonds tD be currently ntftmded ► __. years 31 Enter the remaining weighted average mattaity of lire bonds to be advance refunded ► years 22 32 Enter the last date on wtch the reftutded bonds vii be called . . ► 33 Enter the dot s the rehmded bonds were Issued a,. . . Misce[taneous 34 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) 34 35 Enter ft amount of the bonds de 0VWd by the issuer aMvsetxlort Mth)t3)te)( 110(mW issuer exception) 35 36a Enter the zmult of gr=proc9eds invested or ter be invested ire a garutmd corehract(see ratut onr 368 b Enter the fine{ rrraturity data cru the guaranteed irwestrneret aorttract . b. 37 Pooled*w=x;:. a Proceeds of this issue that ars to be and to make looms to other gmwnmw dal urAs 37a b If this issue is a bar► made from the proceeds of are{olher tart-exempt issue, check box ► ❑ and enter ft rwne of the issuer► and the date of the issue ► 38 if the issuer has elected to Pay a Penalty in 5eu of Addratge rebate, check box ► ❑ 39 if the issuer has identified a hedge, check bout N_ ❑ 0.*.1, ON d PWP+Y' r e-*V rit i how e ,w dm sone ad . acid beW.!My true.CM, - 1° 'r'Yn9 echeduia!end i rwrtb,rid b V16best of MW imo�wbcigs Please Here d ' Swen Larson, Mayor 9grwaun or aula utt+or¢rC s DW TYP+or prY�t rwrr end btfs For Pa Notice, see Page 1 of the inions,. Otic No.6377x8 ����� r-on►, 803E-G tit«.s•W C;tlo �c�r[akcLs September 13, 1995 Ford Motor Credit Company P.O. Boa 1739 Dearborn. MI 48121-1739 RE: CITY OF REDLANDS INSURANCE COVERAGE INFORMATION L/P AGREEMENT NO, 39672 Dear Sirs: I am enclosing the completed Insurance Fact Sheet and a Certificate of Insurance with Ford Motor Credit Company named as Additional Insured. The City of Redlands is self-insured for general commercial and automobile liability for the first 5500.000 per occurrence and is completely self-insured for physical damage. In addition to our City's self-insured retention, the City has excess general commercial and automobile liability through The Insurance Company of the State of Pennsvh'ania (see attached Certificate of Insurance). Sincerely Steven M. Chapman Finance Director SMC/kb Enclosures P.Q. BOX 3005 • REDLANDS, CA 92373 We require a Certificate of Insurance or Declaration Page shown in the name of the Municipal- Ity listed below. If Self-Insured for any coverage, a letter on Municipality letterhead Is required, If more than one insurance company is used, Indicate each & for what type coverage. Per the Agreement, we require Liability & Physical Damage on all vehicles, Liability & Property Damage on all other equipment & FORD MOTOR CREDIT COMPANY named as Loss Payee or Additional Insured. RETURN TO: Ford Motor Credit Comparry, P.O. Box 1739, Dearborn, MI 48121-1739 TRANS NO: 3967200 L/P AGREEMENT NO: 39672 MUNI: City of Redlands ADDRESS: 35 Cajon Street, Suite CITY: Redlands, CA 92373 CONTACT: unda-� PHONE: (909) 798-752& EQUIP DESC: Seven 1995 Ford Crown Victoria P71 Police Sedans (2FALP71 WXSX1 30981, 2FALP71 W5SX1 30984, 2FALP71 WOSX1 30990, 2FALP71 W8SX1 30994, 2FALP71 WXSX1 30995, 2FALP71 W1 SX1 30996, 2FALP71 W3SX1 30997) INSURANCE COMPANY: 7-Ae- r'�iV-e- e-7 - T ADDRESS: 70 - CITY: Vcnk STATE: ��`r ZIP: 10270- PHONE: 2co?, CONTACT PERSON: ;Z1 C 3co 1,da4 C4 POLICY Nb: 12U —42EXPIRATION DATE: 12:10-?L LIABILITY AMT. �/o 0 PROPERTY DAMAGE AMT- PHYSICAL DAMAGE AMT.- COMPREHENSIVE DEDUCTIBLE: COLLISION DEDLIC-71BLE: INSURANCE COMPANY: ADDRESS, CITY: STATE., ZIP: PHONE: CONTACT PERSON: POLICY NO: EXPIRATION DATE: LIABILITY AMT: PROPERTY DAMAGE AMT: PHYSICAL DAMAGE AMT- COMPREHENSIVE DEDUCTIBLE: COLLISION DEDUCTIBLE: SELF-INSURED FOR: LIABILITY: PROPERTY: VZ' PHYSICAL: v-' CONTINUOUS COVERAGE, FROM TO ;i00L PLEASE SIGN HERE IF YOU ARE SELF-INSURED. 40� Z3E* S t.arson,5�, r 452ZZ;i;a� " <�nom+. �r�s�a�r/ - vra a ■ sa ave■ iri �/>1 slxV V-fl!'7E1�G i - - - THIS CERTIFICATE IS ISSUED A5 A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE Oaris i Qrstebet mss. arcs. Inc NOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE 470 E. Mighlond Arlt. POLICIES BELOW. P.O. gas 40 COMPANIES AFFORDING COVERAGE Rtdlinds CA 02373 COMPANY LETTERA INSURANCE COMPANY* COMPANY _ _ _ _._....... ..._.__...._.........._...._.__.._ __. INSURED LETTER COMPANY C _....-... CITY OF REDLANDS tETTM P.O. BOX 1005 REDLANDS CA 92373 � D COMPANY E _..._. LErIER coveR►�aEs ; ' ` THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES_ LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. cc _ ....-......_.-.. TR rfPE OFINSURANCE POLICY NUMBER POLICY EFFECTNE POLICY EXPRATICkt DATE (MMVDNY) DATE(MM0DYY) LMtiS AGENERAL LIABLITY 42$5.428$** a7ro1rs5 _. a...7_t0 ...l.-i. a6 G AGG>�GA f _ taa0000c X 'COMMUCLAL c. RAL LLABLfCY PRODUCTS-COW/Cp AGG. f 10000000 a.A,�cs MADE X Oca�. . � +ADV h.uRY : 10000000 QHS a CONTRACTORS F'ROT EACH OCCURFENOES 10000800 x LAN' ENFORCEMENT A PUBLIC __. ..... - FRE DAMAGE(Arty dx fxa) f OFFICIAL LIABILITY - Avm.aei>r urea nr ......... *. ...._..__.... MED EJ�PENSE Wry...._. rs . __....-.._ or*pns,a ). S ._.. 4295.4201 07t01195 07101/96 -L. ssnc X ANY AUTO UmfT S 10000000 ALL OVO4ED AUTOS -- SCHEDULED AUTO BODILY KA)RY (Per parson) S X ;NFJM AUTOS _ _.-. ._ BODILY#L.AIRY X NON-0N 0 AUT!,-,S (Par accidenp S GARAGE LIABLITY PROPERTY DAMAGE 'f ......__ :E(CESS LIABILITY _..... ...._ _.__._..__-..•.. ..._.__._,_... EACH OCCUFRE?4CE :S UmavaI.A FORM AGGFEGATE _ f OTHER THAtt ttMBREti A M'OAIQR'S COMPENSATION STATUTORY LMftS ANO EACti ACCIDENT f EMPLOYERS uABLJTY DISFKSE-POLICY LW S OTHERDGEASE -EACM E3ROYEE f DESCRIPTION OF OPEAATONSt.00Ar'ON NEHCLE55PECI L MEMS • OF THE STATE Of PENNSYLVANIA ** POLICY SUBJECT TO $500,000 (ANY ONE OCCURRENCE) SELF-INSURED RETENTION. RE: LEASE PURCHASE AGREEMENT #39672 - CERTIFICATE HOLDER I5 AN ADDITIONAL INSURED - ENDORSEMENT TO FOLLOW FROM COWANY. CEATIFICAT'E HOLDER CANCELLATION SHD})L Mr OF THE ABOVE DESCRIBE~ POLICES BE CA-%CEL.LEO BEFORE TrE EXPIRATION OATE THEREOF, THE ISSUING COWPAhr WILL ENDEAVOR TQ FORD MOTOR CREDIT CORPOAATIOM kML 3Q DAMS wFvTT'EN NOTICE TO THE CERTIFICATE HOLDEP NAmEZ TO TK P.O. box 1731 LFGT, BUT FAIL.UAE TO MAIL SUCH NOTICE Shalt PAPOSE No OBLIGATION OA WARMORNE MI 40121.1739 LIABILITY OF ANY IUNC JPO% THE COMPANY. ITS AGENTS OR REPRESENTATIVES A1T1rjF�:.REaR[SEh,A�Ty'E ROSS 5. JONES ACOAA yrs (7190) i•� OFI[fo7 UTION IM CLI