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Home My WebLink AboutContracts & Agreements_3-1996_CCv0001.pdf SCHEDULE A-I - EQUIPMENT LEASE-PURCHASE AGREEMENT Lease No. 39672 This Equipment Schedule dated as of 01/31/96, is being executed by Ford Motor Credit Company ("Lessor"), and City of Redlands ("Lessee"), as a supplement to, and is hereby attached to and made a part of that certain Equipment Lease-Purchase Agreement dated as of 09/20/95 ("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, the following items of Equipment: QUANTITY DESCRIPTION (MANUFACTURER, MODEL AND SERIAL NO. ) SUPPLIER 1996 Ford F250 with Service Body and Inland Motors Ford ESP Powertrain (3 Years/75,000 Miles) State Sales Tax = 7.75% (EQUIPMENT LOCATION: City of Redlands Police Department 35 Cajon Street, Suite 30 Redlands, CA 92373 Initial Term: 36 Months Commencement Date: 01/31/96 Periodic Rent: 2 Consecutive Annual Payments of $9,970.93 each (including interest), followed by one final payment of $9,970.90 plus any and all other payments due under this Lease-Purchase Agreement. The Periodic Rent Payments also include any applicable sales/use tax due and payable on the Lease Payment Dates, set forth in Schedule A-I, Page 2. EXECUTED as of the date first herein set forth. LESSEE: CITY OF REDLANDS LESSOR: FORD MOTOR C7C2,MPAN 0004 BY: BY: Swen Terson Brenda C. Bielskis Fin Mayor Supervisor, Municipal Fin ncing ATTEST: BY: xzzz e r�CoMitv C, er a_ Schedule A-I -� Lease Number: 39672 Payment Schedule Lease Lease Payment Interest Principal Concluding Lease Pa ent Payment Payment Portion Portion yz`n Number Date 1 1 / 31 1 1996 9,9701.93 0.00 9,970.93 18,102.84 9970.93 1,212.89 8,758.04 9,344.80 , 2 1 1 31 1 1997 626.10 9,344.80 1.00 3 1 1 31 l 1998 9,970.90 TOTAL 29,912.76 1,838.99 28,673.77 �y. G Form $038-G Information Return for Small Taut-Exempt Governmental Bond Issues, Leases, and installment Sales (Rev.May t995) OMB tJo. 1545-OT24 . Under krtemal Revenue Code section 149(e)► For year erH*V 19 9 b Department of the Treasury (Use Form 8038-G R the issue price of the issue is$100,000 or more.) Internal Revenue Service Check box if Amended Return' [] Part l Reporting MOWN* 2 Issuer's emp{oyer identification number 1 Issuer's name City of Redlands95-6000766 oomlSurte 3 Numband street(or . . box if mail is not delivered to street address) er 35 Cajon Street, StAte 30 4 it}r,town, or post office,state,and ZIP Dods Rediarxis, CA 92373 pat l# DeSUVOort of OWW"Is 5 Issue price of small tax-exempt governmental obligations reported on this form. 5 $28073.77 6 Check the box that most nearly approximates the weighted average maturity of the obligation($): a [ ] Less than 5 years b [ ] From 5 to 10 years c ( ] More than 10 years 7 Check the box that most nearly approximates the weighted average interest rate on the obligations(s): a [ ] Less than 5% b [ ] From 5%to 10% c [ ] More than 10% 8 Total issue price of the obligation(s) reported on line 5 that is/are: a Obligation(s) issued in the form of a lease or installment sale 8a $28,073.77 b Obligation(s) designated by the issuer under section 265(b)(3)(B)(i)(iii) 8b 7 c Obligation(s) issued to refund prior issues Ec -0- d Loans made from the proceeds of another tax-exempt obligation 8d -4 9 Check box if issuer has elected to pay a penalty in lieu of arbitrage rebate [] Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements,and to the best PLEASE of my knowledge an elief,they ar rue, correct and complete. SIGN HERE date: <Ian. 1 b , 19 9 b Issuer's authorized representative: Swen Larson, Mayor Papwwork Reduction Act Notice General Instructions Each such separate return should specify the We ask for the information on this form to Section references are to the Internal calendar year in which the issue was issued. carry out the Internal Revenue taws of the Revenue Code unless otherwise noted. An issuer of a tax-exempt bond used to United States. You are required to give us finance construction expenditures must file a the information. We need it to ensure that purpose of Form separate Form 8038 GC for each issue to give you are complying with these laws. Form 8038-GC is used by issuers of tax- notice to the IRS that an election was made to The time needed to complete and file this exempt governmental obligations to provide form varies depending on individual the IRS with the information required by pay a penalty in lieu of arbitrage rebate (see line circumstances. The estimated average time section 149(e) and to monitor the 9 instructions). is: requirements of sections 141 through 150. Fling a consollidatad retum-For all tax-exempt Leaming about the governmental obligations with issue prices of law or the form . . 1 hr.,46 min. Who Must File less than$100,000 that are not reported on a Preparing the form 2 hL.50 min. Issuers of tax-exempt governmental seconsolidated Form 8038-GC, an issuer must file a Copying, Ming,and obligations with issue prices of less than p ng the form to the M 16 min. $100,000 must file Form 8038-GC. consolidated information return including all such issues issued within the calendar year. if you have comments concerning the issuers of a tax-exempt governmental accuracy of these time estimates or obligation with an issue price of$100,000 or Thus, an issuer may file a separate Form 8038- suggestions for making this fora simpler,we more must file Form 8038-G, Information GC for each of a number of small issues and would be happy to hear from you. You can Return for Tax-Exempt Governmental report the remainder of small issues issued write to the Internal Revenue service, Obligations, g durin the calendar year on one consolidated Attention: Tax Forms Committee,PC:FP Fling a separate return,-Issuers have the FormGC. However, a separate Form 8038- ' Washington, DC 20224. DO NOT send the option to file a separate Form GC for GC must be filed to give the IRS notice of the form to this address. Instead,see Where To any tax-exempt governmental obligation with election to pay a penalty in lieu of arbitrage File on page 2. an issue price of less$100,000. rebate. Form 8038-GC (Rev.5.95) NXA INSURANCE F-Ak;I btir=1 We require a Certificate of Insurance Or Declaration Page shown In the name of the Municipal- Ity fisted below. N 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 to Credit Comparry, P.O. Box 1739, Dearborn, MI 481214739 TRANS NO 3967201 LJP AGREEMENT NO: 39672 MUNI: City of Redlands ADDRESS: 35 Cajon Street, Suite 30 CITY: Redlands, CA 92373 -fr- 1 PHONE- (909) 798-36" 75 3 CONTACT: }tea-tittle b ve- EQUIP DESC: One 1996 Ford F250 with Service Body (S.N. INSURANCE COMPANY: ADDRESS: CITY: STATE: zip: 10270 PHONE: 6 CONTACT PERSON:_ POLICY NO: EXPIRATIONMATE: LIABILITY AMT: lo 000,0x PROPERTY DAMAGE AMT: r PHYSICAL DAMAG AMT: IVE DEDUCTIBLE: COLLISION DEDUCTIBLE: 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: IF YOU�ARE SELF-INSURED FOR ANY COVERAGE, PLEASE PROVIDE THE NAME OF YOUR INSURANCE pOOL/FUND. NAME OF INSURANCE PC)CiJFUK)��_ SELF-INSURED FOR: L.IABIL ITY- $ , t _�:C_ L:$ A�LL PROPERTY: $ �02 PHYSICAL: CONTINUOUS COVERAGE- FRC)W,— TO PLEASE SIGN: Swen Larsqrn, Mayor ATTEST: k city clerk, ie Pr L ';7lie Pi INVOICE January 9, 1996 LESSEE: City of Redlands 35 Cajon Street, Suite 30 Redlands, CA 92373 REMIT PAYMENT TO: FORD MOTOR CREDIT COMPANY MUNICIPAL FINANCING P. O. BOX 1739 DEARBORN, MI 48121 PLEASE RETURN A COPY OF THIS INVOICE WITH YOUR PAYMENT ACCOUNT FIRST DESCRIPTION PAYMENT NUMBER PAYMENT AMOUNT DUE DATE 3967201 1/31/96 One 1996 Ford F250 with Service $9,970.93 Body (S.N. } PLEASE REMIT: $9,970.93 If you have any questions regarding this invoice please call Barbara Lyons (313) 390-7184.