HomeMy WebLinkAboutContracts & Agreements_15-2011_CCv0001.pdf Cobancorp
QLJ1PN1El '(lel !CE
Ptd Box 230789
Portland,OR 9 728 1-07 89
February 18,2011
City of Redlands
E-Mail: tsteelL*icityofredlands.or
Dear Sir or Madam:
Enclosed please fired the documentation necessary to enter into a Master Lease Agreement between U.S. Bancorp Equipment Finance,
Inc. -Vendor Finance Group as lessor and City of Redlands as Lessee.. PROPERLY EXFCUTFQ D C11zIVEIV"TS ALLOW US TC)
EXP'EI:r1 1 FUNDINGS AND PURCHASE ORDERS,Please do net electronically scan and/or alter the contents of the Documents. If
any changes are made(other than as property authorized by us),we will not be able to accept these Documents for funding.
PLEASE CONTACT Linda Mulligan AT 800-253-3465 ext 201 TO ASSIST YOU WITH THE EXECUTION OF YOUR
DOCUMENTS.
Ifwe are unable to make contact.PLEASE NOTE THE FOLLOWING:
-ALL HIGHLIGHTED AREAS SHOULD BE SIGNED OR INITIALED AND DATED AS INDICATED.
-ALL MONIES DUE AT EXECUTION SHOULD BE REMITTED WITH THE DOCUMENTS.
-"THE DELIVERY AND ACCEPTANCE CERTIFICATE SHOULD BE PROPERLY DATED, SIGNED AND RETURNED
ONLY AFTER ALL EQUIPMENT REFERENCED THEREIN HAS BEEN DFLI[VERED/INSTALLED SATISFACTORILY.
-THE EXECUTED DOCUMENTS SHOULD BE'RETURNED VIA UrP . FOR YOUR CONVENIENCE,A SHIPPING LABEL
4VJUL BE E- IILED TO YOU.
Please retain a copy of the executed documents for your permanent recordist
We thank you for your business and support,and always welcorne the opportunity to assist you with your financing needs.
Very° ly yours,
r
Linda Mulligan
Lease Coordinator
/anti:;
PLEASE INCLUDE WITH YOUR LEASE DOCIE "S AN"OPINION LETTER" FROM '`OUR:
ATTORNEY. I HAVE ATTACHED A SAMPLE OPINION LETTER FOR YOUR CONVENIENCE.
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Wbancorp LEASE AGREEMENT
EQUIPMENT FINANCE
Lease Agreement No.1143650A-02247226-001
P.O.Box230789,PortiandiOR97281-0789 Phone:800-225-8029 Fax:503-797-0841
This document(toe"Agreement"or the'Lease')is written in"Plain English'. The words'Lessor,'we,'us'and'our'refer to U.S.Bancorp Equipment Finance.Inc.
-Vendor Finance Groug. The 'vou'and' our'refer to the customer.
CUSTOWR INFORMATION
FULL LEG,4 WE STREET ADDRESS
City of Redlands PQ BOX 3005
CITY STATE DR PHONE.
Redlands CA 92373 (909)798-7600
EQUiPWNT LOCATION(4 dg*er4 kam,*Qwg
525 E.Citrus,Redlands„CA 92373
SUPPLIER INFORMATION
SAW OF SUPPLER STREET ADDRESS
Medtronic Physt
�-Control,Inc. 11811 Willow Road NE
CITY STATE ZIP PROW
Redmond WA 98073 800-442-1142
EQUIPMENT DESCRIPTION
Seven(7)99577-4Monitor/Defib,CPR.Pace,to 360J,SP021CO,12L GL,NIBP,CO2,Trend,Seven(7)11577-00W04-Stafion Battery Charger,Twemy-six(26)21330-
00117611-ION Batten}5,7 Amp Hour Capacity,Seven(7)11577-000002-Kit-Carry Bag,Main Bag,Seven(T)1199fr000336-Masimo Set Rainbow DCI-DC3,Adult Reusable Direct
Connect Senser-i 2,and all accessories and attachments.
TOGETHER WITH ALL REPLACEMENTS, PARTS, REPAIRS, ADDITIONS, ACCESSIONS AND ACCESSORIES INCORPORATED THEREIN OR AFFIXED OR ATTACHED
THERETO AND ANY AND ALL PROCEEDS OF THE FOREGOING,INCLUDING,WITHOUT LIMITATION,INSURANCE RECOVERIES,
LEASE TERMS LEASE PAYMENT AMOUNT ADDITIONAL TERMS COST/SECURITY DEPOSIT
Sixty(60) Payments of$3.527.84 Original Cost:$184,317.75
Amount Financed:
$184,317.75
Lease payment period is MONTHLY,beginning on the date you sign a Delivery and Acceptance Certificate for the
Term in Months Equipment SECURITY DEPOSIT
Sixty(60) Additional terms: X00
PAYMENT ADJUSTMENT. When you sign the acceptance certificate (he 'Adjustment Date), the monthly rent
payments will be reca$culated based upon increases in the Sixty(60)-month U.S.Bancorp's cost of funds(the'Rate)
from the date of this Agreement until the Adjustment Date. ff,on the Adjustment Date,the Rate is greater than 2.13%,
then the rent payments will be increased to reflect the actual rate. Thereafter,the rent payments YWI remain fixed during
the Term.
(Plus Applicable Taxes)
END OF TERM:We hereby transfer title to the Equipment to you,AS G,WHERE IS. You,as owner,agree to report and pay when due all taxes(including personal property taxes.fines
and penalties)relating to this Agreement or the Equipment. You are obligated to pay the purchase price of$101,00,plus any applicable taxes at the end of the term of the Lease,
provided no event of default under the Lease has occurred and is continuing.
THIS IS A NONCANCELABLE I IRREVOCABLE AGREEMENT. THIS AGREEMENT—CANUOIT-BE CANCELED OR TERMINATED.
LESSOR ACCEPTANCE
U.S Bancorp Equipment Finance,Inc.-Vendor
An Authorized Officer Thereof
Finance Gr Li 113111
LESSOR S$GNATU DATED
,, to Aq
_F�e _p I
�i a r— —--— 3/1/2011
City of RedPrint Name
lands 7- 7JU' PnntTifle�—M4�—� I
LESSEE SIGNATURE NAMFUTLf Atte,,m: DATED
an Irwirl, ClIty C ��,k
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l- AGREEMENT. You agree to lease from us the personal property described under'ITEM DESCRIPTION'(such property and any parts,upgrades,replacements.repairs,additions,accessions
and proceeds.including any insurance recoveries,will be called the'Equipment')for business purposes only. You agree to all of the terms and conditions contained in this Agreement,which(with
the acceptance certificate)is the entire agreement regarding the listed Equipment('Agreement"), You authorize us to III insert in this Agreement Equipment identification information and(2)
ADJUST THE LEASE PAYMENT,IF THE ACTUAL ORIGINAL COST OF THE EQUIPMENT DIFFERS BY NO MORE THAN 10%FROM THE ESTIMATE SHOWN ON THE FIRST PAGE OF THIS
LEASE, This Agreement becomes valid open execution by us and will begin on the date shown and will continue for the number of consecutive months shown, If any provision sinus Agreement is
declared unerformable in any jurisdiction,the other provisions herein shall remain in full force and effect In that tursdiction and all others.
2 RENT,TAXES AND FFES' Rent Mi I be paid in installments,each In the amount of the lease payment(as adjusted)plus any applicable ides and use taxes, If we pay for you any taxes,
insurance or other expense you owe hereunder.you agree to reimburse us when we request You also agree to pay us any filing fees required by the Uniform Commercial Code(UCC)or other laws
and to reimburse us for all costs involved in completing this transaction If for any reason your check is returned for nonpayment you will pay us a$25 00 bad check charge.
3 MAINTENANCE AND LOCATION Of EQUIPMENT:SECURITY INTEREST At your expense,you agree to keep the Equipment in good repair and working order and free and clear of all lens
and claims, You will keep and use the Equipment only at your address shown above,and you agree not to move it unless we agree. At the end of the Agreement's term if you do not purchase the
Equipment,you will give prior written notice to us and return the Equipmen I to a location we specify,at your expense,in retail re-saleable,condition,full working order and complete repair. You grant
us a security interest in the Equipment to secure all amounts you owe us,and you authorize unto file a financing statement(OCC-1)to show our interest. You will not change your state of
organization, headquarters of residence,without providing prior written notice to us so that we may file a new UCC-1: You will notify us within 30 days if your state of organization revokes or
terminates your existence.
4 INSURANCE;INDEMNITY,LOSS OR DAMAGE: You acknowledge that the Lease does not include insurance Lq�a e and you have to insure the Equipment at vour ex se.You
agree to keep the Equipment fully insured against risk and loss,with us as tender's loss payee,in an amount not less than the Original Cost unfit this Agreement is terminated You also agree to
obtain a general public liability insurance policy for not less than$1.000,000 from anyone who is acceptable to us and to Include its as an additional insured on the policy. Your insurance Icclicy(s)will
provide for ten(10)days advance written notice to us of any modification or cancellation- You agree to provide us certificates or other evidence of insurance acceptable to us.before this Agreement
begins. We are not responsible for and you agree to hold us harmless and reimburse us for and to defend on our behalf against,any claim for any loss,liability or injury caused by or in any way
related to delivery,installation.possession,ownership,use,condition.inspection,removal,return or storage of The Equipment. You are responsible for the nskof loss or for any destruction of or
damage to the Equipment. No such loss or damage relieves you from the payment obligations under this Agreement. You agree to promptly notify us in writing of any toss or damage, If the
Equipment is destroyed, you will pay to us the unpaid balance of this Agreement including any future rent to the end of the term(discounted at 6%)plus the selected purchase price of the
Equipment. Any proceeds of insurance will be paid Taus and credited,at our option,against any loss or damage You authorize us to sign on your behalf and appoint us as your aftorney-in-fact to
endorse in your name any insurance drafts or clecks issued due to loss or damage to the Equipment.
5. ASSIGNMENT: YOU HAVE NO RIGHT TO SELL,TRANSFER,ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS AGREEMENT,without our prior written consent, We may set
assign,or transfer this Agreement without notice. You agree that if we sell,assign or transfer this Agreemen b the new Lessor will have the same rights and benefits that we have now and will not
have to perform any of our obligations. You agree that the new Lessor will not be subject to any claims,defenses,or offsets that you may have against us.
6 DEFAULT AND REMEDIES You will be in default it (a)you do not pay any lease payment or other sure due to us or any other person when due or ff you break any of your promises in the
Agreement or any other agreement with us or any of our affiliates,(b)you make or have made any false statement or misrepresentation to us,(c)if you or any guarantor dies,dissolves or terminates
existence,or(d)it there has been a material adverse change in your financial,business or operating condition ff any part of a payment is late,you agree to pay a late charge of 5%of the payment
which is late or it less,the maximum charge allowed by law. If you are ever in default,we may retain your security deposit and,at our option,we can cancel this Agreement and require that you(1)
pay the unpaid balance of this Agreement,including any future rent to the end of the term(discounted at 401.)plus the selected purchase price of the Equipment,and 12)and return the Equipment to
us to a location we specify. We may recover default interest on any unpaid amount at the rate of 18%per year, We may also use any or all of the remedies available to us under Articles 2A and 9 of
the UCC,and any other law.in the event of any dispute regarding this transaction or any enforcement of rights under this or any related agreement,you agree to pay our reasonable attorney's fees
(including any incurred before or at InaL on appeal or in any other proineepli actual court costs and any other collection costs. If we have to take possession of the Equipment,you agree to pay the
costs of repossession,on(AnDIT storage,repair and sale. The net proceeds of the sale of any Equipment will de credited against what you owe us relating to any claim arising under this Agreement
including,but not limited to,referral for colli YOU AGREE THAT WE WILL NOT BE RESPONSIBLE TO PAY YOU ANY CONSEQUENTIAL,INDIRECT OR INCIDENTAL DAMAGES FOR ANY
DEFAULT,ACT OR OMISSION BY ANYONE, You agree that any delay or failure to enforce our rights under this Agreement does not prevent us from enforcing any rights at a later True. You also
agree that your rights and remedies are governed exclusively by this Agreement, You waive all rights under Article 2A(508-522)of the UCC. If interest is charged or collected in excess of the
maximum Ia rt rate,we will not be subject to any penalties,
7. SECURITY DEPOSIT: You will pay the security deposit on the date you sign this Agreement. We will have the right to apply all sums.received from you,to any amounts due and owed to us
under the terms of this Agreement In the event this Agreement is not fully completed,the security deposit will be retained by us to compensate us for our documentation,processing and other
expersoo. The security deposit is non-interest-bearing and is to secure your performance under this Agreentent. Any security deposit made may be applied by us to satisfy any amount owed by you,
Is which event you will promptly restore the security deposit to its fell amount, If you fully comply with all conditions herein and you have never been in default of this Agreement,the security deposit
will be refunded to you after the return of the Equipment in accordance with paragraph 3 or when we are fully paid,
8, LAW, This Agreement will be governed by and construed in accordance with Oregon law You consent to jurisdiction and ven te of any state or federal court in Portland.Oregon and WAIVE ALL
RIGHTS TO A TRIAL BY JURY for any action arising out of or reefing to this Agreement or the Fquilment. You waive the defense of inconvenient forum,
9 INSPECTIONS AND REPORTS: We will have the right,at any reasonable time,to inspect the Equipment and any documents relating to its use,maintenance and repair Within thirty(30)days
After our request,you will deliver all Wormation(including tax returns)requested which we deem reasonably necessary to determine your current financial condition and faithful performance of the
terms hereof. This may hcnudne (I)reviewed or audited annual financial statements(including.wiftul limitation,a balance sheeL a statement of income,astaustient of cash flowa statement of
changes in equity and notes to financial statements)within 120-days after your fiscal year end,and III)management-prepared interim financial statements within 45 days after the requested reporting
periocts), Annual statements shall set forth the corresponding figures for the prior fiscal year in comparative term,.41 in reasonable detail without any qualification or exception deemed marenal by
us, Unless otherwise accepted by us each financial statement submitted to us shall be Modred in accordance with generally accepted`accounting principles consistently applied and shag forty and
accurately present your financial condition and results of operations for the penod to which it pertains
10, CUSTOMER GUARANTY,FAMED DOCUMENTS,ETC,; You agree to submit the original lease documents with the security deposit to the Lessor via overnight couner the same day of the
facsimile transmission of the,ease documents, Shand we fit to receive these originals,you agree to be bound by the taxed copy of this Agreement with signatures on both pages of the docurnern,
You waive the right to cfaileage in court the authenticity of a taxed copy of this Agreement. The foxed copy shall be considered the original and-shall be the binding Agreement for the purposes of
any info cement action We may rrake a profit from fees,estimated tax payments and other charges that you are required to pay hereunder,
11. Under Oneocin lawmost aq_winerds promises and conrunitments made by Lessm,concernirm lows and other credill ex he must ho in mifirig t—rconsider and s"
—
Oy Lessor to be oforr ,This Agreement may be modified only by Airfler agreement and not by course of performance
12, AARRMTY,DISCLAIMERS: WE MAKE NO WARRANTY EXPRESS OR IMPLIED,INCLUDING THAT THE EQUIPMENT IS FIT FOR A PARTICULAR PURPOSE OR THAT THE
EQUIPMENT IS MERCHANTABLE YOU AGREE THAT YOU HAVE SELECTED THE SUPPLIER AND EACH ITEM Of EQUIPMENT BASED UPON YOUR OWN JUDGMENT AND DISCLAIM
ANY RELIANCE UPON ANY STATEMENTS OR REPRESENTATIONS MADE BY US, WE DO NOT TAKE RESPONSIBILITY FOR THE INSTALLATION 09 PERFORMANCE OF THE
EQUIPMENT, THE SUPPLIER IS NOT AN AGENT OF OURS, AND NOTHING THE SUPPLIER STATES CAN AFFECT YOUR OBLIGATION UNDER THIS AGREEMENT. YOU WILL
CONTINUE TO MAKE ALL PAYMENTS UNDER THIS AGREEMENT REGARDLESS Of ANY CLAIM OR COMPLAINT AGAINST ANY SUPPLIER, WE:MAKE NO WARRANTIES Of,AND
TAKE ABSOLUTELY NO RESPONSIBILITY FOR,MERCHANTABILITY,FITIN SS ED USE,DATA ACCURACY,SYSTEM INTEGRATION,rUNICTION,DETECTS,09 ANY OTHER ISSUE IN
REGARDS TO ANY SOFTWARE ASSCICAATED WITH THE EQUI
Only of Redlands PrintName Pete Aguilarr 3/1/201.1
print Int., DATED
LESSEE NAMETTI'LE At 6e a t
1210
Sam Irw7i�ry Cin, Ci-" C k
"
(Mbancorp, DELIVERYAND ACCEPT4NCE CERTIFICATE
EQUIPMEN-r FINANCE
Lease AFe rn nt No. 1143650,4-022-47226-001
POI�ox!30789,Portlitnd,OR97281-0789 Phone-800-215-8029 Fax- 1503497-0841
The wards Lessor,we, FIs and our refer to US. Bancorp Equipment Finance, Inc.-Vendor Finance Group.
The wards you and your refer to the customer.
CUSTOMERw-
City of Redlands PO Box;3005
crry STATE ZIP PHONE
Redlands CA 92373 909 798-7600
•- •
NAME(W SUPPLIER 'THEFT ADDRF54
Medtronic Physio-Control, Inc. 11811 Willow Road NE
crry Sr4Ti?... ZIP: PHONE
Redmond WA 98073 800-442-1142
EQUIPMENT DESCRIPTION
Seven(7)99577- 055-LP15 Monitor/Defib, CPR, Pace,to 360J,SP621CO, 12L GL, NlSP,C62,Trend, Seven(7) 11577- tabun Battery
Charger,Twenty-six(26)2,133€}-001176-LI-ION Battery 5.7 Amp Hou€Capacity,Seven(7)11577-000002-Kit-Carry Bag,Main Bag,Seven(7)11996-
000336-M sime Set Rainbow DCI-DC3,Adult Reusable direct Connect Sensor--12,and all accessories and attachments.
TOGETHER WITH ALL REPLACEMENTS,PARTS,REPAIRS,ADDITIONS,ACCESSIONS AND ACCESSORIES INCORPORATED THEREIN OR
AFFIXED OR ATTACHED THERETO AND ANY AND ALL PROCEEDS OF THE FOREGOING,INCLUDING,WITHOUT LIMITATION,INSURANCE
RECOVERIES.
ACCIEPTANCE OF DELIVERY
You certify that all the Equipment listed alae.°e has been furnished, that deliver} and installation has been fully completed and is
satisfactory. Further,all conditions and terms of the Lease Agreement have been reviewed and acknowledged. Upon your signing
below,your promises in the 1-ruse Agreement will be irrevocable and unconditional in all respects. You understand and agree that
we have purchased the Equipment from the Supplier, and you may contact the above supplier for your warranty Tights, which we
transfer to you for the term of the Agreement. Your approval as indicated below= of our purchase of the Equipment from the
supplier is a condition precedent to the effectiveness of the Lease Agreement.
,,O
Print Name: pee A u lax Print Titte. Ito or
CUSTOMER STGNAWRE' . —. m .,__. DATEOFAC ACCEPTANCE
ACueat Y S���r .�r�r�ra, �.s��' C`le�� -
LSO NOT SIGN AND DATE UNTIL ALL EQUIPMENT HAS BEEN
DELIVERED AND ACCEPTED. Thank You'.
Cot U` -eCYT ci- t
o-,uhf
(Mbancorp ADDEVDUU TO
LEASEAGREEAMYT
EQUiPMENT FINANCE
Lease Agreement No,114365OA-022-47226-lila(the"Lease")
P,0. Box 230780, Portland,OR 97281-0789 Phone: 800-225-8029 Fax: 503-797-0841
This is an Addendum to the above Lease.. The words Lessor,we,us and our refer to U.S.Bancorp Equipment Finance,Inc.-Vender Finance gaup. The words
you and your refer to City of Redlands. The followvinq terms are added to the Lease:
Nonapnropriation. lfcluritap the'Lerm car the l ease,;suflicient funds are not appropriates)to make the rent Payments its required under a schedule rtrr the following
fiscal year,E esee shalt hiL deemed to nut have renewed suchSchedule for the following fiscal vicar and the Schedule shall terannate at the end of tltu then-current Term
and essee shall arca he oblueated to make rent payments under said Schedule beNond the theta-current fiscal year for which funds have been appropriated, Upon the
occurrence of such nonappropriation,fa"Nonappropriation Event")Lessee shall,ncx Pater than the end of the fiscal year for which tent payments have been appropriated,
deliver possession of the Property under said Schedule to Lessor, if Lessee(ails to deliver possession of the property to Lessor upon termination of said Schedule by
reason of a'onappropr action FNent,the termination shall nevertheless be effective but Lessee shall be responsible fit the payment ofdamapes in an amount equal to
the portion..(if rent payments thereafter corning due that attributable to the nurnher cif days after the termination during which the Lessee fails to deliver posseti�sion and..
for any other loss suffered by Lcssor as a result of Lessee's failure to deliver possession as required. Lessec shall notify Lessor in writing within seven(;)clays after the
failure of the Lessee to appropriate funds suff icient for the payment of the rent payments,but `uilure to provide such notice shall not c+perate to extend the Lease Tera
tit result in any liability to Lssece
Essential Use the imended use by Lesser:of the Property is essential to the proper,etTicient and economic functioning of Lessee or to the services that Lessee
provides; and Lessee has immediate need for and expects to make immediate use of substantially all of the Property,which need is not temporary or expected to
diminish in the foreseeable future.
U.S.Bancorp Equipment Finance,Inc.-Vendor Finance Group City of Redlands
(f,IFISSOR) (LESSEE)
114: ` 4 ".
An.A�ut o: Officer 411 reof Y:
Pritati'tialne*' Pe A911iyar
'rint Ti ire: mayor,,,
Attest: I
.TMµ r-
'
Sara Irwin, City Car}-
=bancorp. INSURANCE AUTHORIZATION
AND VERIFICATION
Date. Februan,15,2011 Schedule Number: 114365(),A-022-47226-001
To: City.of Redlands("Customer") From- U.S.Bancorp Equipment;Finance Inc.-Vendor Finance
PO Box 3005 Croup("Creditor'l
Redlands,CA 92373 PO Box 230789
Portland,OR 97281-0789
Attn: Justin Eilavka
TO THE CUSTOMER: In connection with one or more financing an-migements,Creditor requires pimf tri the form of this document,executed
by bath Customer*and Customer's agent,that C'ustomer's insurable interest in the financed property(the"Property")ineeRts Creditor's requirements as
follows,with coverage including,but not limited to,fire,extended coverage,vandalism,and theft:
Creditor,AND ITS SU CESSC RS ND A5IChres shall be covered as both ADDITIONAL INSURED au LENDER'S WSS PAYEE with
regard to all equipment financed or teased by policyholder through or from Creditor.
Customer must carry CENER.AL LIABILITY(and/or,for vehicles,.Automobile Liability)in the amount of no less than $1,000,000.00(one
million dollars)..
Customer must carry PROPERTY Insurance (or, For vehicles, Physical Damage Insurance) in an amount no less-than the
'Insurable Value'$184,317.75,with deductibles no more than$10,000.00,
*Customer:I'leaasc eAecute chis onn and rGIum with Vour document package, Creditor will fax this form to your insurance agency for endorsement. In
lieu of agent endorsement,Customer's agency may submit insurance certificates demonstrating compliance with all requirements.if fully executed form
(or Customer-executed farm plus certificates)is not provided within 15 days,we have the right to purchase:such insurance at your expense. Should you
have any questions,please contact Justin HIavka at(87 7)474-4397 Ext.3029.
By signing,Customer authorizes the Agent named below. 1)to complete and return this form as indicated; and 2)to endorse the policy and
subsequent renewals to reflect the required coverage as outlined above,
Agency/Agent: Davis & Graeber :nsurdnce services hoes Janes City 0 ed and A
Address: 470 E HAve
p0 Hoar 4C7, Redlands,. CA _92373 By:
Phone/Fax 9-7 2373 _w ?2 - PrintNamc: tete Aguilar
T,
E-Mail ros _L ne xTcrm__ Print Tide: Mayor,___.-
Attest by Sam Irwin,, City Cl er
TQ THE AGENT. lit Herr ofliroviding a certificate,,please erecule tins form in the space below and Promptfr,trt-v it Co Creditor at(800)305-
6362. This frilly en orsed form shall serve as proof that'C'u.vomer°v insurance streets the above requirement.&
.Agent hereby verifies that the above requirements have been met in regard to the Property listed below.
Print'dame Of agency:
By, N
(Agent's Signature)
Print:Name: A late: X
Insurable Value:S184,317.75
AT'1'AC"R;II PROPERTY 17ESC RIVrl0ti FOR SCHEDULE`r'CiXIIIER:114-1650A-022-4-1,226-00
Seven (7) 49577-{)00055-UP15 NiunitorDefi . CPR, Pace, to 3600,wl011CO, t2L CL. SHIP, CO2,Trend, Seven (7) ll 1"77-CIfiC004) 8(aton Batters° Charger,
Twent;+-six(26)213-14-01176d.,14ON Dattery°5,7 Amp Hour Capacity,Seven(7) 11577-000002-kit-Carry ft.Main Bag,Seven(7)1199,640)(036FSiasimo;Set
Rainb�,w TCI-DC3,,kdutt Reusable direct t7onneet Sensor-12,tnd At accessories and attachments.
Tt)t¢ETHE:Et WITH ALL REPLACEMENTS,PAWLS,REPAIRS,ADDITIONS,ACCESSIONS AND ACCESSORIES INCORPORATED"l'HEREIN OR
AFFIXED OR ATTACHED THERETO AND ANY AND ALL PROCEEDS OF THE FOREGOINGINCLUDING, WITHOUT l.l'vUFATION,
INSURANCE RECOVERIES.
st1C1
QVbancorp. FIRST PAYMENT INVOICE
EQLJHPIV�EN'T FINANCE
PLEASE RETURN THIS PORTION WITH YOUR PAYMENT
SCHED iLE Nti1trII ER: 1143650A-022-47226-001 DUE DATE: Capon acceptance
CREATE DATE: February 18,20 11 AMOUNT DUE:$4,217.16
City of Redlands U.S Bancorp ,Equipment Finance,_Inc, - Vendor Finance-
PO Box 3005 Group
Redlands,CA 92373 AT'TN: Linda Mulligan
Customer Phone Number:(909)798-7600 13010 SW 68"'Parkway.Suits 100
Portland,OR 97223
»»a>» PLEASE RETA[N THIS PORTION FOR YOUR RECORDS
Please send first payment to the address abov=e:
All subseduent monthly payments MUST be sent to this address:
U.S..Bancorp Equipment Finance,Inc.-Vendor Finance Group
PO BOX 790413'
ST.LOUIS,MO 63179-0413
I.S. Bancorp Equipment Finance, Inc._- Vendor Finance ACCOUNT: 114365OA-022-47226-001.
CJroup AMOUNT DUE: $4,217.16
A`I`TN: Linda Mulligan DUE DATE: Upon acceptance
13010 Sid+68"Parkway,Suite tOO CREATE DATE: February 18,2011
Portland,OR 97223
QUESTIONS? PLEASE CALL 800-253-3468
INVOICE SUMMARY
Closing Fee $3450.00
Sales!'Use Tax 8.75%on Closing Feer 530,63
Current Charges[Paynnent One(1)] $3,527.114
Sales Tax on Payment One 8.75%[if applicable] S308,69
Total:
S4x217.16
TOTALAMOUNTDLL WITH EXECUTED DOCUMENT
PLEASE DISREGARD SALES TAX IF TAX EXEMPTION CERTIFICATE I
RETURNED WITH DOCUMENTS AND ACCEPTEDBY USBEF TAX
DEPARTMENT. THANK YOU.
rMbancorp.
"IMPORTANT NOTICE****
REGARI)ING'
PROPERTY TAX
Customer Name: City f Redlands
Schedule Number: 1t436 0A-0 -47226- 01
The Property, which is subject to the Master Lease ,agreement and the Schedule, MAY BE;
located in a jurisdiction which imposes property tax. Notwithstanding anything to the contrary
in the Luse, this Schedule shall be deemed to be a conditional sales contract and Lessor is not
and shall not be deemed to be the owner of the Property for any purpose. Therefore,, Lessor
shall not be liable for personal property tapes assessed against the Property and shall not report
the Property to the applicable taxing authorities. As owner, Lessee shall report and remit
directly to the applicable taxing authorities any and all personal property taxes assessed
against the Property, in accordance with applicable lain, and shall maintain proof of payment.
Please check with the appropriate taxing authority for specific ;requirements or inforination.
This notice has been provided to help ensure that your transaction is processed in the most timely
d accurate manner.
03/10