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SCHEDULE 3967208 - MASTER EQUIPMENT LEASE-PURCHASE AGREEMENT
Lease No. 3967200
This Equipment Schedule dated as of 12/19/2001, 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 9/20/95 ("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
3 2002 Ford Crown Victoria Police Sedans + 7.5% State Sales Tax and Pasadena
$5.00 Tire Fee, 2FAFP71 W82X118504, 2FAFP71 WX2X118505, Ford, Inc.
2FAFP71W12X118506
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: 12/19/2001
Periodic Rent: 2 Consecutive Annual in Advance Payments of$25,106.59 each (including interest), followed by
one final payment of $25,106.68, 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 3967208, 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
-7
By: By:
Karl N. (Kaley) Haws Frahk astrella=
Title: Mayor Title: Operations Manager, Municipal Finance
Attest:
-tbr,eie Poy City Clerk
Counterpart No. 1 of 1 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 3967208 - 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 9/20/95 (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 19th day
of December, 2001.
LESSEE: City of Redlands LESSOR: Ford Motor Credit Company
Police Department
By:
j
By:
Karl N. (Kase Haws rra LMast..rella
Title: Mayor Title: Operations Manager, Municipal Finance
Attest: Lorre
POM
Schedule 3967208
Page 2
Lease Number:
Rate: 4.258 Payment Schedule 3967200
Lease Lease
Payment Payment
Lease Interest i
Number Date Principal
Concluding
Payment Portion Portion
� Payment
1 12 / 19 / 2001 25,106.59 0.00 25, 10 .59
2 12 / 19 / 2002 25,106.59 2,005.34 23, 1016
3 101,25 47,184.40
3 12 / 19 / 2003 25,106.68 24,083.15
1,023.53 24, 083 .15 1.00
TOTALS 75,319.86
3,028.87 72,290.99
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