HomeMy WebLinkAboutContracts & Agreements_78-2022Caterpillar Financial Services Corporation
Transaction Summary
Name
CITY OF REDLANDS
Address:
35 CAJON ST_, Suite 30
REDLANDS, C 92373-4746
Billing Address:
35 CAJON ST., Suite 30
REDLANDS, r 92373-4746
Asset. Number
New/Used
Manufacturer
Model
Customer Data
Structure Profile
Model Description
Model Year
Serial Number
Sale Price
Newbown Payment:
Caterpillar
420-07
Cash Payment
Trade In
137,581.86
Backhoe Loader
202I
1-t8T01835
Index
CFSC Std Rate
Contract APR
Actual CFSC
Interest Basis
6 Stub Payments oil
Gross Contract
3.5000%
3.5000%
30/360
Other Credit
Rentals Allowed
Rentals Interest
Repairs
Other Expenses
Total Down Payment
Original Cost
Upfront Tax - Cat Fin
Other Fee Fin
Asset Cost
CFSC Disc/Overrae
Equipment Addres :
35 CAJON ST., Su t
32,000.92
160,105.60
Governmental Buyback Amount
Standard Residual
Balloon
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
137,581,86
12,039.03
7.00
149,627, 89
e 30
REDLANDS, CA 42373-4746
US
% of Residual
Exception Request
Exception Responder
0.00
0.00
101.00
0.0000%
Special Conditions
Standard Environment; Major Attachments- E-Stick Extendable, Tires, Ride Control, Cab, 4x4, Air Conditioning; Asset Work Tools -
Thumb Hydraulic, wick Coupler, Multi Purpose Bucket, Heavy Duty Bucket
Taxes
Tax Type: Sales
Payment Type: TAX _UP FRONT
Jurisdiction
STATE
COUNTY
DISTRICT
DISTRICT
Payment Structure:
5 Annual payment
1 Stub payment(s)
of 32,000.92 at 3.5000%
f 101.00 at 3.5000%
Tax Rate
6.0000%
1.2500%
0.5000%
1.0000%
Tax Amount
8,254.92
1,7[9.77
687.91
1,375.82
ORIGINAL
Caterpillar Financial Services Corporation
4336996
EXHIBIT 2
Concluding Payment Schedule to
Government Agreement
Quote Number... ... .
Contract Number 4336996
001-70065323
Number of
Dated
, 20
between
Caterpillar Financial Services Corporation
and
CITY OF REDLANDS
Description of Unit: 1 CATERPILLAR 420-07 serial # H8T01835
Payments Made Beginning Balance Payment Amount Balloon Concluding
Interest Interest Rate Payment
(1
1 149,627.89 32,000,92
0.00 0.00 3.50 117,626.97
total 32,000.92
0.00 0.00
2 117,626,97 32,000.92 0.00
-_� 4,116.94 3.50 89,742.99
total 32,000,92 0.00
4,116.94
3 89,742.99 32,000.92 0.00
3,141.00 3.50 60,883,07
total 32,000.92 0.00 3,141.00
4 60,883.07 32,000.92
0.00 2,130,90 3.50 31,013.05
total ,13 232,000.92 0.00 ,130.90
5 31,013.05 32,000.92 0.00
_� 1,085.45 3.50 97.58
total -
32,000.92 101.00
1,085.45
6 97.58 0.00 101.00
3.42 3,50 0.00
total
0.00 101.00 3.42
total 160,094.60 101.00
10,477.71
(*)Does not include any rent payment or other amount then due.
Initialed:
(Lessee)
Caterpillar Financial Services Corporation
Page 1
Governmental Equipment Lease -Purchase Agreement
Contract Number 001-70065323
LESSOR ("we", ='us", or "our"):
CATERPILLAR FINANCIAL SERVICES CORPORATION
2120 West End Avenue
Nashville, TN 37203
LESSEE ("you" or "your"):
CITY OF REDLANDS
35 CAJON ST., Suite 30
REDLANDS, CA 92373-4746
CAT
Financial
In reliance on your selection of the equipment described below (each a "Unit"), we have agreed to acquire and lease the Units to you, subject to the terms of .
this Agreement. Until this Agreement has been signed by our duly authorized representative, it will constitute an offer by you to enter into this
Agreement with us on the terms stated herein.
2. DESCRIPTION OF THE UNITS
DESCRIPT101 OF UNITS
Whether the Unit is nevi or used, the model
number, the manufacture r, and the model name
SERIALFVIN
Unique ID number for this
Unit
1 New 2021 Caterpillar420-07 Backhoe Loader H8T01835
3. Lease Payments; Current Expense You will pay us the lease
payments, including the finaf lease payment set forth above
(collectively, the "Lease Payments"). Lease Payments will be paid
by you to us according to the attached payment schedule; provided
that all amounts kwing hereunder will be due by the final lease
payment date. portion of each Lease Payment constitutes
interest and the b lance of each Lease Payment is payment of
principal. The Le se Payments will be due without demand. You
will pay the Lease Payments to us at CATERPILLAR FINANCIAL
SERVICES CORP , P.O. BOX 100647, PASADENA, CA 91189-
0647 or such oth r location that we designate in writing. Your
obligations, includi g your obligation to pay the Lease Payments
due in any fiscal year, will constitute a current expense of yours for
such fiscal year a d will not constitute an indebtedness of yours
within the meaningIIof the constitution and laws of the State in which
you are located (the "State"). Nothing in this Agreement will
constitute a pledge by you of any taxes or other moneys, other than
moneys lawfully aRRpropriotod fro., time. to time for tho yrn nt of
the "Payments" (Is defined in the last sentence of this Section)
owing under this A reement. You agree that, except as provided
in Section 7, you duties and liabilities under this Agreement
and any associated documents are absolute and
unconditional. Yiur payment and performance obligations are
not subject to ca celation, reduction, or setoff for any reason.
You agree to sett e all claims, defenses, setoffs, counterclaims
and other dispu es you may have with the Supplier, the
manufacturer of the Unit, or any other third party directly with
the Supplier, the manufacturer or the third party, as the case
may be. You will not assert, allege or make any such claim,
defense, setoff, counterclaim or other dispute against us or
with respect to tiie payments due us under this Agreement. As
used in this Agreement, "Payments" will mean the Lease Payments
and any other amounts required to be paid by you.
The portion of the
interest (computed
year) at the rate of
Lease Payments constituting principal will bear
on the basis of actual days elapsed in a 360 day
3.50% per annum.
US Governmental Equipment '_ease -Purchase Agreement
ANNUAL
LEASE PAYMENT
This is due per period, as
stated below in section 3.
FINAL LEASE
PAYMENT
DELIVERY DATE
Enter date machine was
delivered to you.
SEE ATTACHMENT
$101.00
5i1 i -
4. Late Charges If we do not receive a Payment on the date it is due,
you will pay to us, on demand, a late payment charge equal to the
lesser of five percent (5%) of such Payment or the highest charge
allowed by law.
5. Security Interest To secure your obligations under this
Agreement, you grant us a continuing first priority security interest in
each Unit (including any Additional Collateral), including all
attachments, accessories and optional features (whether or not
installed on such Units) and all substitutions, replacements,
additions, and accessions, and the proceeds of all the foregoing,
including, but not limited to, proceeds in the form of chattel paper.
You authorize the filing of such financing statements and will, at
your expense, do any act and execute, acknowledge, deliver, file,
register and record any document, which we deem desirable to
protect our security interest in each Unit and our rights and benefits
under this Agreement. You, at your expense, will protect and
defend our security interest in the Units and will keep the Units free
and clear of any and all claims, liens, encumbrances and legal
processes however and whenever arising.
6. Disclaimer of Warranties WE HAVE NOT MADE AND DO NOT
MAKE ANY WARRANTY, REPRESENTATION OR COVENANT
OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE UNITS. AS
TO US, YOUR LEASE AND PURCHASE OF THE UNITS WILL BE
ON AN "AS IS" AND "WHERE 1S" BASIS AND "WITH ALL
FAULTS". Nothing in this Agreement is intended to limit,
waive, abridge or otherwise modify any rights, claims, or
causes of action that you may have against any person or
entity other than us.
7. Non -Appropriation You have an immediate need for, and expect to
make immediate use of, the Units. This need is not temporary or
expected to diminish during the term of this Agreement. To That
end, you agree, to the extent permitted by law, to include in your
budget for the current and each successive fiscal year during the
term of this Agreement, a sufficient amount to permit you to
discharge your obligations under this Agreement. Notwithstanding
43369e5 13101,2022 02.39.61 PM Ref. 1231640
0 11 I G I
•
any provision of this Agreement to the contrary, we and you agree
that, in the event 'that prior to the commencement of any of your
fiscal years you de? not have sufficient funds appropriated to make
the Payments duel under this Agreement for such fiscal year, you
will have the option of terminating this Agreement as of the date of
the commencement of such fiscal year by giving us sixty (60) days
prior written notice' of your intent to terminate. No later than the fast
day of the last fiscal year for which appropriations were made for
the Payments (thl "Return Date"), you will return to us all of the
Units, at your sole expense, in accordance with Section 14, and this
Agreement will terminate on the Return Date without penalty or
expense to you a d you will not be obligated to pay the Lease
Payments beyond such fiscal year; provided, that you will pay all
Payments for w ich moneys have been appropriated or are
'otherwise availab e; and provided further, that you will pay
month -to -month re t at the rate set by us for each month or part of
any month that yo fail to return the Units.
8. Tax Warranty Yo will, at all times, do and perform ail acts and
things necessary nd within your control to ensure that the interest
component of the Lease Payments will, for the purposes of Federal
income taxation, 4 excluded from our gross income. You will not
permit or cause 'our obligations under this Agreement to be
guaranteed by t e Federal Government or any branch or
instrumentality of to Federal Government. You will use the Units
for the purpose o performing one or more of your governmental
functions consister1t with the scope of your authority and not in any
trade or business Tarried on by a person other than you. You will
report this Agreement to the Internal Revenue Service by filing
'Form 8038G, 8038GC or 8038, as applicable. Failure to do so will
cause this Agreem nt to lose its tax exempt status. You agree that
if the appropriate firm is not filed, the interest rate payable under
this Agreement will be raised to the equivalent taxable interest rate.
If the use. possession or acquisition of the Units is determined to be
subject to taxation, you will pay when due all taxes and
governmental char es assessed or levied against or with respect to
the Units.
9. Assignment You may not, without our prior written consent, by
operation of law or otherwise, assign, transfer, pledge, hypothecate
or otherwise dispo e of your right, title and interest in and to this
Agreement and/or the Units and/or grant or assign a security
interest in this Agr ement and/or the Units, in whole or in part. We
may not transfer, ell, assign, pledge, hypothecate, or otherwise
dispose of our rig t, title and interest in and to this Agreement
and/or the Units a dlor grant or assign a security interest in this
Agreement and/or le
e Units, in whole or in part.
10. indemnity Tv the xtent permitted by law, you assume liability for,
agree to and do i demnify, protect and hold harmless us and our
employees, officer, directors and agents from and against any and
all liabilities, oblitgations, losses, damages, injuries, claims,
demands, penalties, actions, costs and expenses (including
reasonable attamey's fees), of whatsoever kind and nature, arising
out of the use, condition (including, but not limited to, latent and
other defects and whether or not discoverable by you or us),
operation, ownersh p, selection, delivery, storage, leasing or return
of any item of U its, regardless of where, how and by whom
operated, or any failure on your part to accept the Units or
otherwise to perf rm er comply with any conditions of this
Agreement.
11. 11. Insurance; Loy
theft, destruction
whatsoever, No los
relieve you of the o
any obligation owin
Units insured to pr
s and Damage You bear the entire risk of loss,
or damage to the Units from any cause
s, theft, destruction or damage of the Units will
vligation to make Lease Payments or to perform
under this Agreement. You agree to keep the
tect all of our interests, at your expense, for
US Governmental Equipment Lase -purchase Agreement
such risks, in such amounts, in such forms and with such
companies as we may require, including but not limited to fire and
extended coverage insurance, explosion and collision coverage,
and personal liability and property damage liability insurance. Any
insurance policies relating to loss or damage to the Units will name
us as loss payee as our interests may appear and the proceeds
may be applied toward the replacement or repair of the Units or the
satisfaction of the Payments due under this Agreement. You agree
to use, operate and maintain the Units in accordance with all laws,
regulations and ordinances and in accordance with the provision of
any policies of insurance covering the Units, and will not rent the
Units or permit the Units to be used by anyone other than you. You
agree to keep the Units in good repair, working order and condition
and house the Units in suitable shelter, and to permit us or our
assigns to inspect the Units at any time and to otherwise protect our
interests in the Units. If any Unit is customarily covered by a
maintenance agreement, you will furnish us with a maintenance
agreement by a party acceptable to us.
12. Default; Remedies An "Event of Default" will occur if (a) you fail to
pay any Payment when due and such failure continues for ten (10)
days after the due date for such Payment or (b) you fail to perform
or observe any other covenant, condition, or agreement to be
•
performed or observed by you under this Agreement and such i
failure is not cured within twenty (20) days after written notice of
such failure from us. Upon an Event of Default, we will have all
rights and remedies available under applicable law. In addition, we
may declare all Lease Payments due or to become due during the
fiscal year in which the Event of Default occurs to be immediately
due and payable by you and/or we may repossess the Units by
giving you written notice to deliver the Units to us in the manner
provided in Section 14, or in the event you fail to do so within ten
(10) days after receipt of such notice, and subject to all applicable
laws, we may enter upon your premises and take possession of the
Units. Further, if we financed your obligations under any extended
warranty agreement such as an Equipment Protection Plan,
Extended Service Contract, Extended Warranty, Customer Service .
Agreement, Total Maintenance and Repair Agreement or similar
agreement, we may cancel such extended warranty agreement on
your behalf and receive the refund of the extended warranty
agreement fees that we financed but had not received from you as
of the date of the Event of Default.
13. Miscellaneous This Agreement may not be modified, amended,
altered or changed except by a written agreement signed by you
and us. in the event any provision of this Agreement is found invalid
or unenforceable, the remaining provisions will remain in full force
and effect. This Agreement, together with exhibits, constitutes the
entire agreement between you and us and supersedes all prior and
contemporaneous writings, understandings, agreements,
solicitations, documents and representations, expressed or implied.
Any terms and conditions of any purchase order or other documents
submitted by you in connection with this Agreement which are in
addition to or inconsistent with the terms and conditions of this
Agreement will not be binding on us and will not apply to this
Agreement. You agree that we may correct patent errors in this
Agreement and fill in blanks including, for example, correcting or
filling in serial numbers, VIN numbers, and dates. Any notices
required to be given under this Agreement will be given to the
parties in writing and by certified mail at the address provided in this
Agreement, or to such other addresses as each party may
substitute by notice to the other, which notice will be effective upon
its receipt.
14. Title; Return of Units Notwithstanding our designation as "Lessor,"
we do not own the Units. Legal title to the Units will be in you so
long as an Event of Default has not occurred, and you have not
exercised your right of non -appropriation. If an Event of Default
433699613/01/2022 02:39:51 PM Ret. 1231649
W it ky-` t
i
Purchase Agreement
Contract Number 0 11-70065323
Financial
This Purchase Agreement is between QUINN COMPANY ("Vendor") and Caterpillar Financial Services Corporation ("Cat Financial").
Vendor agrees to sell to Cat Financial and Cat Financial agrees to buy from Vendor the equipment described below (the "Unit(s)"), subject
to the terms and condtions set forth below and on the reverse side hereof.
I
Description of Unilks) Serial# VIN #
(1) 420-07 CATERPILLAR Backhoe Loader H8T01835
Lessee:
CITY OF REDLANDS
35 CAJON ST., Suit3e 30
REDLANDS, CA 92473-4746
See next
SIGNATURES
a
Subtotal
Federal Excise Tax
Other Tax
Total Purchase Price
Unit(s) Delivery Point:
35 CAJON ST., Suite 30
REDLANDS, CA 92373-4746
Freight Total Price
$ $137,581.86
$137,581,86 ,
$0.00 •
$0.00
$137,581.86 I
e for additional terms and conditions.
CATERPILLAR FININCIAL SERVICES CORPORATION
Signature
Name (Print)
Title
Date
David Hollis
Documentation Mana®er
US Purchase Agreement
QUINN COMPANY
Signature
Name (Print)
Title
Date
T i 1�cx µcA Sri
'4 1 PY Ref, 1231648
Additional 'terms and Conditions
Contract Number 001-70065323
Cl/
Financial
1. The lessee named on the front hereof (the "Lessee") has selected the Unit(s), instructed Cat Financial to purchase the Unit(s) from
Vendor, and agreed to lease the Unit(s) from Cat Financial.
2. Cat Financial (or it assignee) will have no obligation hereunder (and any sums previously paid by Cat Financial to Vendor with respect
to the Unit(s) sha�I be promptly refunded to Cat Financial) unless (a) all of the conditions set forth in Section 1.3 (if a master lease
agreement) or Section 1 (if a non -master lease agreement) of the lease with the Lessee covering the Unit(s) have been timely fulfilled
and (b) the Lesseie has not communicated to Cat Financial (or its assignee), prior to "Delivery" (as hereinafter defined) of the Unit(s),
an intent not to lease the Unit(s) from Cat Financial. All conditions specified in this paragraph shall be deemed timely fulfilled unless
prior to Delivery of the Unit(s), Cat Financial (or its assignee) shall notify Vendor to the contrary in writing. which shall include fax or
email. "Delivery" shall mean the later of the time (a) Cat Financial executes this Purchase Agreement or (b) the Lessee or its agent
takes control and/or physical possession of the Unit(s).
3. Upon timely satis Lction of the conditions specified in Paragraph 2 above, ownership, title and risk of loss to the Unit(s)
to Cat Financial (Or its assignee) upon Delivery of the Unit(s). shall transfer
4. Vendor warrants that (a) upon Delivery of the Unit(s), Cat Financial (or its assignee) will be the owner of and have absolute title to the
Unit(s) free and clear of all claims, liens, security interests and encumbrances and the description of the Unit(s) set forth herein is
correct and (b) the Unit Transaction Price set forth on the front hereof for each unit of Unit(s) leased under a lease is equal to such
Unit(s)'s fair market value.
5. Vendor shall forever warrant and defend the sale of the Unit(s) to Cat Financial (or its assignee), its successors and assigns, against
any person claiming an interest in the Unit(s).
6. Provided that no event of default exists under any agreement between Lessee and Cat Financial and upon timely satisfaction of the
conditions specified in Paragraph 2 above, and unless otherwise agreed to in this Purchase Agreement, Cat Financial (or its assignee)
shall pay Vendor the total Purchase Price set forth on the front hereof for the Unit(s) within three business days following (a) the receipt
and approval by yat Financial of all documentation deemed necessary by Cat Financial in connection with the lease transaction and
(b) all credit conditions have been satisfied.
7. Vendor shall deliver the Unit(s) to the Lessee at the delivery point set forth on the front hereof.
8. This Purchase Agreement may be assigned by Cat Financial to a third party. Vendor hereby consents to any such assignment.
9. This Purchase Agreement shall become effective only upon execution by Cat Financial.
US Purchase Agreement
43 MAL
Signature
Name (Print)
Title
Date
i
Payment Schedule
Contract Numbero01-70063323
LESSOR
CATERPILLAR FINANCIAL SERVICES CORPORATION
2. PAYMENT SCHEDULE
PAYMENT NUMBER
1-5
6
SIGNATURES
LESSEE
CITY OF REDLANDS
PAYMENT DATE
CATERPILLAR FIN NClAL SERVICES CORPORATION
1
CITY OF REDLANDS
—� k Signature
David Hollis
Dogumontaticn Manac;ar
US Payment Schedule
Name (Print) Chn5 6°4-F rl,an
CaT�
Financial
PAYMENT AMOUNT
$32,000.92
$101.00
Title A561 i, 1/4 et.ly ef
Date
Opinion of Counsel
CAT
Re: Governmental Equipment Lease -Purchase Agreement (Contract Number 001-70065323) (the "Lease")
Between CITY OF REDLANDS ("Lessee") and Caterpillar Financial Services Corporation ("Lessor")
Sir/Madam:
Financial
I am an attorney for Lessee, and in that capacity, I am familiar with the above -referenced transaction, the Lease, and all other documents
pertaining to the Lease the Lease and such other documents pertaining to the Lease being referred to as the "Lease Agreements").
Based on my examination of these and such other documents, records and papers and matters of fact and laws as l deemed to be relevant and
necessary as the basis lfor my opinion set forth below, upon which opinion Lessor and any subsequent assignee of Lessors interest may rely, it is my
opinion that:
1. Lessee is a fully constituted political subdivision or agency duly organized and existing under the Constitution and laws of the State of California
(the "State"), a d is authorized by such Constitution and laws (i) to enter into the transaction contemplated by the Lease Agreements and (ii) to
carry out its obligations thereunder.
2. The Lease Ag (Dements (i) have been duly authorized, executed and delivered by Lessee and (ii) constitute valid, legal and binding obligations
and agreements of Lessee, enforceable against Lessee in accordance with their terms, assuming due authorization and execution thereof by
Lessor.
3. No further approval, license, consent, authorization or withholding of objections is required from any federal, state or local governmental authority
with respect to khe entering into or performance by Lessee of the Lease Agreements and the transactions contemplated by the Lease Agreements.
4. Lessee has su icient appropriations or other funds available to pay all amounts due under the Lease Agreements for the current fiscal year.
5. The interest payable to Lessor by Lessee under the Lease Agreements is exempt from federal income taxation pursuant to Section 103 of the
Internal Revenue Code of 1986, as amended.
6. The entering in o and performance of the Lease Agreements will not (i) conflict with, or constitute a breach or violation of, any judgment, consent
decree, order, aw, regulation, bond, indenture or lease applicable to Lessee, or (ii) result in any breach of, or constitute a default under, or result
in the creation of, any lien, charge, security interest or other encumbrance upon any assets of Lessee or the Units (as defined in the Lease)
pursuant to any indenture, mortgage, deed of trust, bank loan, credit agreement or other instrument to which Lessee is a party, or by which it or
its assets may ke bound.
I
7. No litigation or proceeding is pending or, to the best of my knowledge, threatened to, or which may, (a) restrain or enjoin the execution, delivery
or performance by Lessee of the Lease Agreements, (b) in any way contest the validity of the Lease Agreements, (c) contest or question (i) the
creation or existence of Lessee or its governing body or (ii) the authority or ability of Lessee to execute or deliver the Lease Agreements or to
comply with or perform its obligations under the Lease Agreements. There is no litigation or proceeding pending or, to the best of my knowledge,
threatened tha
give rise to an litigation or proceeding described in this paragraph.
seeks to or could restrain or enjoin Lessee from annually appropriating sufficient funds to pay the Lease Payments (as defined
in the Lease) o�
other amounts contemplated by the Lease Agreements. In addition, I am not aware of any facts or circumstances which would
8. The Units are ersonal property and, when subjected to use by Lessee, will not be or become fixtures under the caws of the State.
9. The authorization, approval and execution of the Lease Agreements, and all other proceedings related to the transactions contemplated by the
Lease Agreements, have been performed in accordance with all applicable open meeting, public records, public bidding and all other applicable
laws, rules and regulations of the State.
10. The appropriaton of moneys to pay the Lease Payments coming due under the Lease and any other amounts contemplated by the Lease
Agreements dges not and will not result in the violation of any constitutional, statutory or other limitation relating to the manner, form or amount
of indebtedness which may be incurred by Lessee.
11. The Lessor wil
acceptance of
have a perfected security interest in the Units upon the filing of an executed UCC-1 or other financing statement at the time of
he Units with the Secretary of State for the State.
CITY OF REDLANCS N
Name(Print):
Signature:
Title:
US Opinion of counsel
A
Date:
Address:
ORIGINAL
CATERPILLAR INSURANCE COMPANY (CIC) SELECTION FORM
CAT®
Before financing your equipment, you must arrange physical damage insurance on the equipment identified below. The insurance may be
provided through an insurance agent or insurance company of your choice, provided the insurance company satisfies minimum financial
requirements.
As an alternative to obtaining your own insurance, you may elect to have your equipment insured under coverage arranged by
Caterpillar Insurance Services Corporation, that has been designed specifically for the purchasers of Cat® equipment.
Please complete this form if you elect to insure your equipment with Caterpillar Insurance Company (CIC).
CIC Physical Damage Insurance Policy Summary
Please note: This is only a brief description of the CIC Physical Damage insurance Program. Contractual provisions contained in the
policy will govern.
Coverage
CIC Physical Damage Insurance protects your equipment against physical damage losses, including collision, fire, theft, vandalism, upset
or overturn. floods, sinking, earthquakes and other unfortunate acts of nature. The protection has been designed for owners of heavy
equipment and provides superior benefits you most likely would not find in other plans.
The CIC Physical Damage Insurance does include normal exclusions. Some important exclusions are wear and tear, rust, loss of income,
war, nuclear damage, and mechanical breakdown, automobiles, watercraft, waterborne shipments, tires or tubes or mobile track belts
damaged by blow-out, puncture, and road damage.
Repairs
When a covered loss occurs, this plan will pay for Cat® replacement parts on all your new or used Caterpillar equipment.On all
equipment from other manufacturers, the plan will pay for comparable replacement parts.
Transportation
Your CIC plan will pay for round-trip transportation of covered damaged equipment to and from your Cat dealer's repair facility, up to
$2,500 limit.
Rental Reimbursement
The plan allows for rental costs up to $2,500 that you incur to rent similar equipment following a covered loss. You are automatically
protected with up to $100,000 of coverage for damage to the similar equipment you rent.
In the event of a total loss, the policy will pay the greatest of the following:
- The payoff value of the loan on the damaged parts or equipment as of the date of loss or
- The actual cash value of that covered property; or
- The cost of replacing that property with property of like kind and quality
The policy will pay 10% of scheduled loss, up to a $10,000 maximum for debris removal.
The policy will pay fire department service fees up to $5,000.
Deductible
$1,000 Construction and Agricultural Equipment Deductibles:
$5,000 deductible all logging Equipment
Customer Service
If you have any questions or need additional details, see your Authorized Cat Dealer or call CIC toll free at 1-800-248-4228.
You may also e-mail CIC at physicaldamage(C7cat.cofn
POLICYHOLDER DISCLOSURE
NOTICE OF TERRORISM RISK INSURANCE ACT OF 2002
(as extended by the Terrorism Risk Insurance Extension Act of 2005, and as amended in 2007)
You are hereby notified that under the Terrorism Risk Insurance Act, as amended in 2007, the definition of act of terrorism has changed. As defined in
Section 102(1) of the Act: The term "act of terrorism" means any act that is certified by the Secretary of the Treasury - in concurrence with the Secretary of
State, and the Attorney General of the United States - to be an act of terrorism; to be a violent act or an act that is dangerous to human life, property,or
infrastructure: to have resulted in damage within the United Stales, or outside the United States in the case of certain air carriers or vessels or the premises
of a United Stales mission; and to have been committed by an individual or individuals as part of an effort to coerce the civilian population of the United
States or to influence the policy or affect the conduct of the United States Government by coercion.
Under your coverage, any losses resulting from certified acts of terrorism may be partially reimbursed by the United States Government under a formula
established by the Terrorism Risk Insurance Act, as amended in 2007. However, your policy may contain other exclusions, which might affect your coverage,
such as an exclusion for nuclear events. Under the form ula, the United States Government generally reimburses 85% of covered terrorism losses exceeding
the statutorily established deductible paid by the insurance company providing the coverage. The Terrorism Risk Insurance Act, as amended, contains a
$100 billion cap that limits U.S. Government reimbursement as well as insurers' liability for losses resulting from certified acts of terrorism when the amount
of such losses exceeds $100 billion in any one calendar year. if the aggregate insured losses for all insurers exceed $100 billion, your coverage may be
reduced. The portion of your premium that is attributable to coverage for terrorist acts certified under the Act is: $ 0.00
US CAT- INSURANCE SELECTION FORM
433699 12701,2022 02-40 11 PM Ref 1231649
ORI3IL
APPLICATION FOR CIC PHYSICAL DAMAGE INSURANCE
Model # E uipment Description Serial #
1. 420-07
B*khoe Loader H8T01835
VIN
Value Including
Total Tax
$149,620.89
Pymt Method-3
Total Premium
$3,860.00
Pymt Method-1
Finance Pymt
$826.01
Arranged by Caterpillar Insurance Services Corporation
I understand that the
value of $149,620.89
Method 1
`lt�al2A� .lyhwut.GL
Marsha Blaisdell, Authorized Insurance Producer
otal insurance premium for 60 months will be $3,860.00, which is $772.00 per year based upon the total equipment
I will finance the insurance premium, including finance charges, of $826.01 per scheduled equipment payment.
The finance charge is calculated at 3.39% per annum on the total insurance premium covering the full term of
the finance agreement. By choosing Method 1 and signing this document you are agreeing to finance the
insurance along with the equipment payments with Caterpillar Financial Services Corporation.
I desire coverage for an initial 12 month term. I will pay the $772.00 premium and return the payment with the
signed equipment documents. Please make check payable to C[C.
I will pay the total premium and return the payment with the signed equipment documents. Please make check
payable to CIC.
ViI decline Caterpillar Insurance. I elect to obtain my own commercial insurance on the equipment shown from
an agent or insurance company of my choice. („ee, It?kkeir o P e_ipvin5ur6 ge%,rrktDn)
I understand that the quote I receive is not a binder of insurance. if I elect to obtain coverage from CIC, coverage will be effective in
accordance with the erms and conditions of the issued Policy and that I may terminate the coverage at any time with advance written
notice.
I acknowledge that I have been notified that, under the TERRORISM RISK INSURANCE ACT of 2002 (as extended by the Terrorism
Risk Insurance Extension Act of 2005), any fosses caused by certified acts of terrorism under my policy will result in coverage under
my policy that will be artially reimbursed by the United States as outlined in the attached policyholder disclosure notification.
I also acknowledge I have been advised that, if I accept this insurance, an appointed licensed insurance producer will receive commission
compensation.
Customer Name: CITY OF REDLANDS
Dealer Name: QUII,IN COMPANY
Method 2
Method 3
Method 4
Please note: If you would like a no obligation quote on your additional equipment, call 1-800-248-4228 extension 5754.
Accepted By:
Title:
US CAT INSURANCE SELECTION FARM
Name (PRINT);
Date:
4338996 13101/2022 02:40:11 PM Ref. 1231649.
MANAGEMENT S
DEPARTME
Human Resources/Risk
Division
VICES
T
Ianageniem
September 1 p, 2019
City of
REDLANDS
Incorporated LS88
35 Cajon Street, Suite € 0
P.U. Box 3005, Redlands, CA 923 73
909-798-7514
RE: Letter of Notice - Maintenance of Self -insured Retention
To whom it rr
ay concern,
JANicElvictimtu.
CyM
TOMANG,PHR
w� act,HR>R skMarogeme u
This letter is being issued to provide notice that the City of Redlands maintains the following
insurance co erage and limits:
Excess General Liability
Self -Insured Retention Amount: $500,000.00
Liability Limit: $5,000,000.00
Excess Layer:' $10,000,000.00
Policy#: EIA PE 19 EL-112
Effective Da# : 07-01-19 to 07-01-20
Reinsured by Argonaut Insurance Co/Markel Global Reinsurance Co.
Auto Liability is not carried by the City, but coverage is provided via the General Liability for the
actions of City employees while utilizing any vehicle during the course of their work- related
activities.
Workers' Compensation Liability
Self -Insured Retention Amount: $1,000,000.00
Max Liability Limit: $25,000,000,00
Policy#: SP 4060661
Effective Date: 07-01-19 to 07-01-20
Reinsured by Safety National Casualty Corporation
Requests for further information on the Claims process can be made to Claims@cityofredlands.orq
Should you require further information regarding City insurance policies, please contact my
office at 909-fr98-7514 x 1792_
Sincerely,
,,AA .1-
Myletta Tillman
Risk/Safety Si ecialist
City of Redlands
mtillman@citvofredlands.orq
ORIGINAL
Fraud Warning:
Applicable in AL, AR, DC, LA, MD, NM, RI and WV: Any person who knowingly (or willfully)* presents a false or fraudulent claim for payment of a loss
or benefit or knowingly (4 willfully)* presents false information in an application for insurance is guilty of a crime and may be subject to fines and
confinement in prison. *Applies in MD Only.
Applicable in CO: It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of
defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance and civil damages. Any insurance
company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant
for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds
shall be reported to the Cl forado Division of Insurance within the Department of Regulatory Agencies.
Applicable in FL and OK: Any person who knowingly and with intent to injure, defraud, or deceive any insurer files a statement of claim or an
application containing an false, incomplete, or misleading information is guilty of a felony (of the third degree)`. *Applies in FL Only.
Applicable in KS: Any p rson who, knowingly and with intent to defraud, presents, causes to be presented or prepares with knowledge or belief that it
will be presented to or by an insurer, purported insurer, broker or any agent thereof, arty written statement as part of, or in support of, an application for
the issuance of, or the rating of an insurance policy for personal or commercial insurance, or a claim for payment or other benefit pursuant to an
insurance policy for commercial or personal insurance which such person knows to contain materially false information concerning any fact material
thereto; or conceals, for the purpose of misleading, information concerning any fact material thereto commits a fraudulent insurance act.
Applicable in KY, NY, Oil and PA: Any person who knowingly and with intent to defraud any insurance company or other person files an application for
insurance or statement of claim containing any materially false information or conceals for the purpose of misleading, information concerning any fact
material thereto commits a fraudulent insurance act, which is a crime and subjects such person to criminal and civil penalties (not to exceed five
thousand dollars and the stated value of the claim for each such violation)*. *Applies in NY Only.
icab
Appllica lle in ME, f defrauding V nd WA: It is a Penalties crime
to knowingly provide false, incomplete or misleading information to an insurance company for the
g company ( y)* include imprisonment, fines and denial of insurance benefits. *Applies in ME Only.
Applicable in NJ:Any person who includes any false or misleading information on an application for an insurance policy is subject to criminal and civil
penalties.
Applicable in OR: Any person who knowingly and with intent to defraud or solicit another to defraud the insurer by submitting an application containing
a false statement as to arty material fact may be violating state law.
Applicable in PR: Any person who knowingly and with the intention of defrauding presents false information in an insurance application, or presents,
helps, or causes the presentation of a fraudulent claim for the payment of a loss or any other benefit, or presents more than one claim for the same
damage or loss, shall incur a felony and, upon conviction, shall be sanctioned for each violation by a fine of not less than five thousand dollars ($5,000)
and not more than ten thousand dollars ($10,000), or a fixed term of imprisonment for three (3) years, or both penalties. Should aggravating
circumstances [be] present, the penalty thus established may be increased to a maximum of five (5) years, if extenuating circumstances are present, it
may be reduced to a miniknum of two (2) years.
US CAT INSURANCE SELECTION FORM
4316996 13f012022 02;90.11 PM Ret, 1231649
INSURANCE SELEbTION FORM -OUTSIDE INSURANCE CARRIER
eir
Financial
Before funding your equipment, you must arrange physical damage insurance on the equipment identified below. The insurance may be provided
through an insurance agent or insurance company of your choice, provided the insurance company satisfies minimum financial requirements.
Physical Damage courage must show that Caterpillar Financial Services Corporation has been named as loss payee for the equipments
replacement value. The deductible must be shown. Liability Coverage must be a minimum of $1,000,000 or combined coverage for bodily injury and
property damage per occurrence. Caterpillar Financial Services Corporation must be named as additional insured.
As an alternative to obtaining your own Physical Damage coverage, you may elect to have your equipment insured under coverage arranged
by Caterpillar Financia Services Corporation designed specifically for the purchasers of Caterpillar equipment. If a quote is not included in your
document package, please contact your Caterpillar Dealer, call 1-800-248-4228, ore -mail PhysicalDamage@cat.com.
Please complete this form to provide contact information for your liability coverage, as well as your physical damage coverage if you did
not elect Caterpillar Insurance for physical damage.
Transaction Number:
Customer's Name:
Address:
001-70065323 Dealer Name: QUINN COMPANY
CITY OF REDLANDS
35 CAJON ST. Suite 30
REDLANDS, CA 92373-4746
have entered into the above agreement under which 1 am responsible for providing insurance against ALL RISKS of direct physical loss or
damage for the actual Fash value of the following equipment, subject to common exclusions such as damage caused by corrosion, rust,
mechanical or electrical breakdown, etc.
MAKE/MODEL j DESCRIPTION OF UNITS
1 New Caterpillar 420�7 SERI1N Value Including Tax
2021 Backhoe Loader H8T01835
$149,620.89
Insurance Agency
Street Address
City
Insurance Agent's Name
Agent's Phone Number
State
Zip
TO CUSTOMER'S INSURANCE AGENT
Fax Number
E-mail Address
I hereby instruct you to add Caterpillar Financial Services Corporation as a Loss Payee for physical damage and as an
Additional Insured fo/. general liability:
[ ] To my existing policy number(s)
To a policy or policies
Signature
Name(Print)
Title
Date
which now provide the coverage required, or
ich you are authorized to issue in the name listed above which will provide the coverage required.
1-1
Chin5 13oa+ma%)
Aeoe-014an+ 014y +.4anapr
PROCESSING OF THIS TRANSACTION MAY BE HELD PENDING RECEIPT OF THIS INFORMATION
PLEASE FORWARD A COPY OF THE CERTIFICATE OR BINDER EVIDENCING COVERAGE TO:
CATERPILLAR FINANCIAL SERVICES CORPORATION
2120 West End Avenue
Nashville, TN 372031
PLEASE ATTACH A COPY OF THIS NOTICE TO PROOF OF INSURANCE
Form No. USINSUREQUTSIDE fi10 Dealer Code: H430
US Insurance Selection Fom, - Outsidi Cartier
433699613f01/2022 02:40:01 PIN Ref. 1231649
ORIGICL
CUSTOMER INFORMATION VERIFICATION
Contract Number 001-70065323
CUSTOMER INFORMATION
Customer Name:
Physical Address:
Mailing Address:
Equipment Location:
Business Phone:
E-mail Address:
CITY OF REDLANDS
35 CAJON ST., Suite 30
REDLANDS, CA, 92373-4746
35 CAJON ST., Suite 30
REDLANDS, CA, 92373-4746
35 CAJON ST., Suite 30
REDLANDS, CA, 92373-4746
TAX INFORMATION
Tax Exempt"*
Asset outside the Ci
4oQ-i4 �j-`t(D55
CaT®
Financial
CHANGES TO CUSTOMER INFORMATION
The changes above apply to: ❑ Current Request for financing ❑ All active contracts
Non -Exempt
y limits Yes No
DIRECT PAY INFORMATION (Checking Account Information)
j,.. I am currently on Direct Pay and authorize Direct Pay for this transaction. Please use my ACH information on file.
decline Dire Pay authorization at this time
El request and uthorize Caterpillar Financial Services Corporation ("Cat Financial") to begin debiting my account for the amounts due
under the contract(s) indicated below, with debits made to my account and withdrawn by Cat Financial, provided my account has sufficient
collected funds to pay the debit when presented. If my financial institution dishonors any debit for any reason, Cat Financial may issue
another debit in substitution for the dishonored debit and will have no liability on account of a dishonored debit. I agree that Cat Financial's
rights relating to each debit will be the same as if I had personally signed a check. I agree that I will be liable to make payment promptly,
including any applicable late fees, if any debit is not paid, unless Cat Financial or its agents or affiliates are directly responsible for the
nonpayment. 1 cknowledge that I may cancel this authorization at any time by written notice to Cat Financial, which notice will be effective
10 days after receipt: however, my cancellation of this authorization does not terminate, cancel or reduce my obligations under the
contract(s). I understand that Cat Financial will not notify me in advance of any withdrawal and I agree to waive all pre -notification
requirements in respect of all debits drawn under this authorization. Please use the information below to set up Direct Pay on:
Bank Name
* *A Tax Exemption Certificate iS required for all tax exempt
customer. If you are tax exempt — please enclose a current
tax exemption certificate to be returned with your
documents.
1
I
Routing Number
Account Number
Re -Enter Account tilumber
•■ 9digits
Ho 3.17 digits
ip 3-17 digits
Account Name (exactly as it appears on Check)
ACCgrJ.MTRAMN
71<1On.I =:r.'CAS
ANY1CrAN 'J S. 1 CANT
+e fe Me
Order al
YOO'R FINANCIAL INSTITLrnUN
WVwHERC ,
1.157V1]i1
OVe
r I:1 ti 56711't ❑ 3131
Routing Number Account Number
t}301
❑ Current Request for financing ❑ All active contracts (Does not apply to future transactions)
US Customer Information VeriGcaiion Form
4336996 135112022 0290'01 PM Ref. 1231649
ORIGINAL
CUSTOMER SIGNATURE
The information above has been reviewed and is accurate to the best of my knowledge. For a joint account, all account holders must sign if more
than one signature is required on checks issued against the account.
Name
Title
cline 60(44411
k6i61-ant Mot"(
For questions or assistance with Direct Pay, or for information about your account, please contact Customer Service, 1-800-651-0567.
US Customer Information Veri
cation Form
433699613[01120220740:01 PM Ref. 1231649
Explanation of Cojntent
Contract Number CV1-70065323
CAT
Financial
Thank you for electing Caterpillar products and for allowing Caterpillar Financial Services Corporation to serve your financing needs. Included
in this document packa a are all of the forms that will be needed for standard tax exempt lease purchase transactions. The forms have been designed to
be clear, concise and us r friendly. We have also provided a brief explanation of the purpose of each form. If you wish to discuss any of the forms or have
any questions about any aspect of this transaction, we encourage you to contact your Caterpillar Dealer or Caterpillar Financial Services Corporation at 1-
866-263-3791 Option it 5.
A. Governmental Equipment Lease -Purchase Agreement. The Governmental Lease -Purchase Agreement contains the terms
that govern each transaction between us. It is the standard Caterpillar Financial Services Corporation tax exempt lease -purchase agreement, and provides
that we will lease to you the equipment described therein pursuant to a full payout amortization schedule. A new Governmental Equipment Lease -Purchase
Agreement will have to be signed in connection with each transaction.
B. Lessee's ,Authorizing Resolution. The Authorizing Resolution is evidence you have taken the necessary governing body actions to
approve the Governmental Equipment Lease -Purchase Agreement. Although the authorizing instrument is often a resolution, it may also take other forms
such as an ordinance. We are agreeable to using your customary or standard form provided it contains specific approval for the lease -purchase agreement,
designates persons who are authorized to sign on your behalf and either approves the document forms or delegates this authority to a named official C.
Verification of lnsilrance. The Certificate of Insurance is intended to supply information regarding the insurance coverage for the equipment being
lease -purchased. You will need to supply the requested information to us so we can verify coverage.
D. Opinion of Counsel. An opinion of counsel is required in connection with each Governmental Equipment Lease -Purchase Agreement.
The opinion is intended to confirm that you have complied with all open meeting laws, publication and notice requirements, procedural rules for governing
body meetings, and ant) other relevant state or local government statutes, ordinances, rules or regulations. We would be unable to confirm compliance
with these laws and regulations ourselves absent long delays and higher costs so we rely upon the opinion of your attorney since he/she may have been
involved in the process o approve our transaction and is an expert in the laws and regulations to which you are subject. The opinion also confirms that
you are an entity eligibl to issue tax-exempt obligations and that the Governmental Equipment Lease -Purchase Agreement will be treated as tax-exempt
as it is your obligation t ensure that you have complied with relevant tax law.
E. Form of 8938G or GC. Form 8038 is required by the Internal Revenue Service in order to monitor the amount of tax-exempt obligations
issued. You have to execute a Form 8038 for each Governmental Equipment Lease -Purchase Agreement. Whether a Form 8038 G or GC is required
depends on the original rincipal amount of the Governmental Equipment Lease -Purchase Agreement. If the original principal amount is less than $100,000
Form 8038GC is filed w th the IRS. If the original principal amount is $100,000 or more Form 8038G is filed with the IRS. Choose the appropriate 8038
form and complete acco ding to IRS guidelines. Contact your TM or Sales Support Representative for assistance. IRS Form 8038G
http://www,irs.govlpubfirs-pdf1f8038g.odf
IRS Form 8038GC http://www.irs.gov/pubfirs-
pdflf8038gc.pdf
This Explanation of Con ents is prepared as an accommodation to the parties named herein. It is intended as an example of some of the documents that
Caterpillar Financial Services Corporation, in its reasonable judgment may require and is not int d d
your own legal counsel.'
that the documents liste
in accordance with this
Please engage and use
Ale understand that the laws of the various states are different so nothing herein shraallll ns be construed sv warranty or representation
1 herein are the only documents that may be required in any particular transaction or that any particular transaction, if documented
Explanation of Contents, will be a valid, binding and enforceable obligation enforceable against the parties named herein in
accordance with the terms of the documents named herein.
US Explanation of Content {GOV Lease - 8038G 18038GCj
433699613/01/202202:4n:01 PM Rat
1231649
ORIGINAL
Meeting Minutes
financial
QUINN COMPANY
10006 ROSE HILLS RD
CITY OF INDUSTRY, CA 90601-1702
CITY OF REDLA\1DS
We are requesting a copy of the minutes of the appropriation meeting during which the funds for this deal were
allocated.`
A copy of this infgrmation is necessary to complete the documentation package and to fund the deal. Your ability to
return a complete package will ensure timely payment to you.
Thank you for your assistance.
CATERPILLAR FINANCIAL SERVICES CORPORATION
DOCUMENTATIQN DEPARTMENT
US Meeting Minutes Request (fOV Leese - Purchase Deals)
4336996 1310i202202.40.01 PM Ref. 1231649
ORIGIN
I
Caterpillar Financial Services Corporation
INVOICE
CITY OF REDLANDp
35 CAJON ST., Suite 30
REDLANDS, CA 92 73-4746
Description
Page Date Invoice No.
I 01/13/2022 001-70065323
Serial
(1) 2021 CATERPILLAR 420-07 BACKHOE LOADER H8T01835
VIN Due Date
WITHOUT THE APPROPRIATE TAX EXEMPTION CERTIFICATE, APPLICABLE SALES AND/OR USE
TAX WILL BE CHARGED.
CITY OF REDLAND
35 CAJON ST., Suit 30
REDLANDS, CA 92373-4746
Upon Receipt.
PLEASE PAY THIS AMOUNT
Pmt. No,
1
Amount
$32,000.92
$ $32,000.92
Invoice No.
001-70065323 - 1
Total Enclosed
Remit To: Caterpillar Financial Services Corporation
5th Floor Document Services
Doc Specialist: QUINN COMPANY
2120 West End Ave.
Nashville, TN 37203
RETURN INVOICE AND CHECK FOR SPECIFIED PAYMENT(S) WITH SIGNED DOCUMENTS.
Your check will be cashed by Caterpillar Financial Services Corporation (CFSC) upon receipt, but that act will not constitute acceptance
by CFSC of the Loan Lease or Schedule, If CFSC accepts and executes the Loan, Lease or Schedule, the proceeds of this check will
be applied to the specified payments. If CFSC does not accept the Loan, Lease or Schedule, CFSC will return an amount equal to this
check,
U5 INVOICE (ADVANCE PAYMENT)
•
433699613J01/2022 02;39:41 PM Ref. 123164
ORIGJ
N
occurs or if you non -appropriate, full and unencumbered title to the
Units will pass to Os without the necessity of further action by the
.parties, and you wi i have no further interest in the Units. If we are
entitled to obtain ppssession of any Units or if you are obligated at
any lime to return 5ny Units, then (a) title to the Units will vest in us
immediately, and (I?) you will, at your expense, promptly deliver the
Unit to us property protected and in the condition required by
Section 11. You will deliver the Unit, at our option, (i) to the nearest
Caterpillar dealer s fling equipment of the same type as the Unit; or
(ii) on board a carder named by us and shipping the Unit, freight
collect, to a destination designated by us. If the Unit is not in the
condition required by Section 11, you must pay us, on demand, all
costs and expenses incurred by us to bring the Unit into the
required condition.Until the Units are returned as required above,
all terms of this Ireement will remain in full force and effect
including, without limitation, your obligation to pay Lease Payments
and to insure the Units.
SIGNATURES
LESSOR CATERPILLAR FINANCIAL SERVICES
CORPORATION
Signature
Name (Print)
Title
Date
David Hollis
-1,-rmerifation_Mariager
US Governmental Equipment Lease -Purchase Agreement
15. Other Documents In connection with the execution of this
Agreement, you will cause to be delivered to us (i) either (A) a
certified copy of your authorizing resolution substantially in the form
attached as Attachment B and a copy of the minutes of the relevant
meeting or (B) an opinion of your counsel substantially in the form
attached as Attachment C; (ii) a copy of the signed Form filed with
the Internal Revenue Service required in Section 8 above as
Attachment D; and (iii) any other documents or items required by
us.
16. Applicable Law This Agreement will be governed by the laws,
excluding the laws relating to the choice of Jaw, of the State in which
you are located.
LESSEE CITY OF REDLANDS
Signature
Name (Print)
Title
Date
Chn5 6ocarna.n
Ct+y $ a1 1¢
4336946 13/01120220239:51 PM Ref. 1231648
ORDINAL
RESOLUTION NO. 8329
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS,
CALIFORNIA, AUTHORIZING THE EXECUTION AND DELIVERY OF AN
EQUIPMENT LEASE/PURCHASE AGREEMENT, AND OTHER INSTRUMENTS,
AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the laws of the State of California (the "State") authorize the City of Redlands (the
"City"), a duly organized political subdivision and municipal corporation of the State, to purchase,
acquire and lease personal property the benefit of the City and its inhabitants and to enter into any
necessary contracts; and
WHEREAS, the City desires to lease, purchase and/or finance equipment ("Equipment") from
Caterpillar Financial Services Corporation and/or an authorized Caterpillar dealer ("Caterpillar") by
entering into that certain Governmental Equipment Lease -Purchase Agreement (the "Agreement")
with Caterpillar attached hereto as Exhibit "A;" and
WHEREAS, the form. of the Agreement has been presented to the City Council of the City at
its May 17, 2022 meeting at which this Resolution was adopted;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
REDLANDS AS FOLLOWS:
Section 1. The Agreement, including all schedules and exhibits attached to the
Agreement, is approved in substantially the form presented at the City Council's May 17, 2022
meeting, with any Approved Changes as defined below.
Section 2. The City entered into the Agreement with Caterpillar and the Agreement is
adopted as a binding obligation of the City.
Section 3. That changes may later be made to the Agreement if the changes are approved
by the City's legal counsel and the members of the City Council of the City (the "Approved
Changes"), and that the signing of the Agreement and any related documents is conclusive evidence
of the approval of the changes.
Section 4. That Chris Boatman, the City's Facilities and Community Services Director,
be and is authorized, directed and empowered, on behalf of the City, to (i) sign and deliver to
Caterpillar, and its successors and assigns, the Agreement and any related documents, and (ii) take or
cause to be taken all actions he deerns necessary or advisable to acquire the Equipment, including the
signing and delivery of the Agreement and related documents.
Section 5. That the City Clerk of the City is authorized to attest to this Resolution and
affix the seal of the City to the Agreement, this Resolutions, and any related documents.
Section 6. That nothing in this Resolution, the Agreement, or any other document
imposes a pecuniary liability or charge upon the general credit of the City or against its taxing
power, except to the extent that the payments payable under the Agreement are special limited
obligations of the City as provided in the Agreement.
1
Section 7. That a breach of this Resolution, the Agreement, or any related document will
not impose any pecuniary liability upon the City or any charge upon its general credit or against its
taxing power, except to the extent that the payments payable under the Agreement are special limited
obligations of the City as provided in the Agreement.
Section 8. This Resolution shall take effect immediately upon its adoption.
ADOPTED, SIGNED AND APPROVED this 17th ay•olr a , 2022.
ATTEST;
e DonaIdson, City Clerk
2
Paul Barich, Mayor
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, the purchase of one 4-Post Vehicle
Lift from Stertil-Koni in the amount of $83,91 I.69.
Vote: 5 - 0 Passed
Receive and File Annual Re ort CPC
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, to receive and file the Annual
Report of the Citrus Preservation Commission as submitted by Chairman Michael Day.
Vote: 5 - 0 Passed
In -Kind Request Summer Music Festival
As public comment, Dennis Bell thanked City Attorney McHugh for his service and wished
him the best on his retirement. He questioned why the Summer Music Festival at the
Redlands Bowl needed publicly funded security, and he said that in the past the Citizen
Volunteer Patrol worked the events. He's found the Bowl attracts too many dogs and too
many people who are smoking, and he suggested there be more enforcement against such
activities. He raised doubts about the attendance numbers listed in the report and thought
they were inflated in order to gain a public benefit.
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously determined, by roll call vote, that the event is categorically
exempt from environmental review pursuant to Section 15301 of the state's guidelines
implementing the California Environmental Quality Act; and approved the request for in -kind
support in the amount of $19,824 related to the 2022 Summer Music Festival event hosted by
the Redlands Bowl Performing Arts.
Vote: 5 - 0 Passed
P.O. Modification Tennis Classes
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, a Fiscal Year 2021-22 purchase
order modification in the amount of $12,000 with Gabriel Jacobs for Tennis classes at Ford
Park for the remainder of the fiscal year.
Vote: 5 - 0 Passed
Resolution No, 8329 Backhoe Loader Master Lease/Purchase
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, Resolution No. 8329 for a Master
Lease and Purchase Agreement with Caterpillar Financial Services, Inc., for the lease and
purchase of a 202I Caterpillar Model 420-07 Backhoe Loader in the amount of $160,105.60.
CC_RFA_May 17, 2022
Page 5
Vote: 5 - 0 Passed
PMP 2021 Street Resurfacing Project Contract Amendment
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, a First Amendment to the Public
Works Contract with Matich Corporation for the PMP 2021 Street Resurfacing Project to
increase Contractor's compensation in the amount of $176,291.47 for the Community and
Senior Center access parking lot and ADA improvements.
Vote: 5 - 0 Passed
Resolution No_ 8319 Setting Priorities Written Arguments
This item was removed from the agenda and was not considered.
Resolution No. 8318 Candidate Statement Regulations
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously approved, by roll call vote, Resolution No. 8318, adopting
regulations for candidates for elective office pertaining to candidate statements submitted to
the voters at the General Municipal Election scheduled for November 8, 2022.
Vote: 5 - 0 Passed
University of Redlands Agreement RESA
On motion of Council Member Denise Davis, seconded by Council Member Mick Gallagher,
the City Council unanimously determined, by roll call vote, that approval of the agreement is
exempt from environmental review pursuant to Section 15061(b)(3) of the State's guidelines
implementing the California Environmental Quality Act; and approved the agreement between
the City of Redlands and the University of Redlands for event services for the Redlands
Emergency Services Academy, to be held Wednesday, July 13 through Wednesday, July 20,
2022_
Vote: 5 - 0 Passed
COMMUNICATIONS
Video Series: Making Redlands a Better Place
Public Information Officer Baker presented a new video from the video series "Working for
You: Making Redlands a Better Place." This month's video highlighted Kyle Wagner,
Construction Manager. Filming and production work was provided by Cheryl Williams,
Multimedia Production Coordinator.
Accelerate Nei¢hborhood Climate Action
CC_RFA_May 17, 2022
Page 6
10006 ROSE HILLS RD. i CITY OF INDUSTRY, CA 90601 / (562)463-400D
SOLD TO
CATERPILLAR FIN SVCS
ATTN ACCOUNTS PAYABLE
P 0 BOX 340001
NASHVILLE TN 37203-0001
INVOICE NUMBER
G2973201
SALE/RENTAL INVOICF
PLEASE MAKE REMITTANCE TO:
QUINN COMPANY
P.O. BOX 849665 LOS ANGELES, CA 90084-9655
SHIP TO
CITY OF REDLANDS
1270 W PARK AVE
REDLANDS, CA 92373
INVOICE DATE
05-24-22
CUSTOMER NO.
121300
CUSTOMER ORDER NUMBER
AGR NUMBER
G29732
MAKE
AA
DOC. DATE
08-25-21
MODEL
420
PC
LC
MC
SHIP VIA
STORE
AO
DIV
SALESMAN
069
TERMS
2
PAGE
10
SERIAL NUMBER
H8T01835
FIN-NP
EQUIPMENT NUMBER
METER READING
1
INV SEQ NO
1156189
QTY.
DESCRIPTION
.00
MACH ID NO.
NS001650
CUSTOMER CONTACT: MIKE FOSTER
EQUIPMENT SALE
CATERPILLAR INC. MODEL 420
1.0 ID NO: NS0016508 SERIAL NO: H8T01835
PIN: *CATOO420TH8T01835*
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
REF: 542-7992
555-2396
456-3390
423-7607
353-1389
567-5090
560-6797
540-2298
548-1231
551-6453
421-8926
559-0872
485-5303
219-3387
9R-5321
545-8548
337-7436
9R-6007
533-0488
337-9696
206-1748
573-4524
491-6736
420 07A BACKHOE LOADER CFG2
LINES,HYD CPLR 14FT EXT PILOT
COUPLING,QD,THREADED WITH CAPS
PLATE GROUP - BOOM WEAR
GUARD, STABILIZER
AUTO -UP STABILIZERS
PRODUCT LINK, CELLULAR, PLE643
RADIO, FM BLUETOOTH
LINES, COMBINED AUX, E-STICK
RIDE CONTROL
SERIALIZED TECHNICAL MEDIA KIT
INSTRUCTIONS, ANSI
COUPLER, PG, HYD.D.LOCK,BHL
BUCKET -HD, 24", 6.2 FT3
CUTTING EDGE, TWO PIECE
LOADER BUCKET PINS
BUCKET -MP, 1.3 YD3, PO
STABILIZER PADS, FLIP -OVER
TIRES, 340 80-18/500 70-24, MX
COUNTERWEIGHT, 1015 LBS
SEAT BELT, 3" SUSPENSION
SEAT, DELUXE FABRIC
WORKLIGHTS (8) LED LAMPS
When operated in California any on -road heat/v-duly diesel vehicle, alternative -diesel vehicle off -road diesel vehicle, or portable these! engine may be
subject to the California Air Resources Boards Regulation to Reduce Particulate Matter and Criteria Pollutant Emissions from In -Use Heavy -Duty Diesel
Vehicles, In -Use Off -Road Diesel Vehicle Regulation, or Airborne Toxic Control Measure For Diesel Particulate Matter From Portable Engrnes Rated Al
50 Horsepower And Greater It therefore could be subject to retrofit. exhaust retrofit, or accelerated turnover requirements to reduce emissions of air
pollutants For rnore information, please visit the California Air Resources Board websites at htlps:llwww.arb_ca.govldiesellruck,
https riwwvu orb ca.govleispregfordiesellordiesel him. or https ewww arb.ca.gavfportabtelportable.nen
II is understood and agreed that title le and right of possession of any rental demis) above shall remain vested in the seller until any indebtedness and
all sums due or to become due from the customer whether evidenced by note. bbook account. judgment or otherwise, shall have been fully paid, at
which time ownership shall pass to the customer Client warrants that the invoiced goods or services will be used -for business dr agricultural purposes
and not for personal, family or household purposes. — --- -
A FINANCE CHARGE OF 1 5f PER MONTH 1555 PER ANNUM) will be charged on the past due balance. The past due balance represents all charges remaining unpaid on the closing date of the month
following the invoice dale. In the event of default In the payment of any amount due, and if the account is placed in the hands of any agency or attorney or collection or legal action, the purchaser agrees to
pay finance charges equal to 'the cost of collection (as permitted by laws governing these transactions). When necessary, Outran will invoke its repairman's lien pursuant to Secttons 3051 and 3051a of the
California Cwil Code Acceptance by the customer of the parts, service or equipment -listed above is the customer's agreement to be bound by the credit and collection terms set forth above.
PAY THIS .
AMOUNT
AMOUNT
CREDITED
TOTAL
137581.86
REPRINT
ctununr w
10006 ROSE HILLS RD. / CITY OF INDUSTRY, CA 90601 / (562)463-4000
SOLD TO
CATERPILLAR FIN SVCS
ATTN ACCOUNTS PAYABLE
P 0 BOX 340001
NASHVILLE TN 37203-0001
INVOICE NUMBER
G297320I
AGR NUMBER
G29732
MAKE
AA
QTY.
SALE/RENTAL INVOIC f
PLEASE MAKE REMITTANCE TO'
QUINN COMPANY
P,4, SOX 849665 LOS ANGELES, CA 90084-9665
SHIP TO
CITY OF REDLANDS
1270 W PARK AVE
REDLANDS, CA 92373
INVOICE DATE
05-24-22
DOC. DATE
08-25-21
MODEL
420
CUSTOMER NO,
121300
PC
LC
MG
CUSTOMER ORDER NUMBER
SHIP VIA
STORE
AO
DIV
SALESMAN
069
TERMS
2
10
SERIAL NUMBER
H8T01835
FIN-NP
EQUIPMENT NUMBER
DESCRIPTION
METER READING
PAGE
2
INV 6E0 NO
1156189
.00
MACH ID ND.
NS001650
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
542-7810
545-5048
544-0883
542-7774
541-9540
544-0930
543-4284
ATT: CATERPILLAR
ID NO: K38963
REF: 219-3411
ATT: CATERPILLAR
ID NO: K41154
REF: 219-3386
1.0 178-3593
ATT: CATERPILLAR
ID NO: K41055
REF: 282-5409
1.0 281-6708
AIR CONDITIONER, T4F
DISPLAY, TOUCH SCREEN
CAB, DELUXE
HYDRAULICS, MP, 6FCN/8BNK, ST
ENGINE, 74.5KW, C3.6 DITA, T4F
PT, 4WD/2WS.AUTOSHIFT
STICK, EXTENDABLE, 14FT
FLASHING LIGHTS
INC. S/N - BI210403150
BUCKET -HD, 12", 2.8 FT3
INC. S/N - BK210606653
BUCKET -HD, 18", 4.2 FT3
PINS, BUCKET, BHL-F, 45MM-50MM
INC. S/N - DJ210508305
THUMB, HYDRAULIC, NO TINE, BHL
THUMB, TINE, A 5
ATT: CATERPILLAR INC.
ID NO:. K42040
REF: 517-6993 WHEEL, 18", BL
CA TIRE FEE
TERMS: CAT FINANCE LEASE
TOTAL
7.00
When operated in California any on -road heavy-duty diesel vehicle, alternative -diesel vehicle. off -road diesel vehicle, or portable diesel engine may be
subject la the California. Air Resources Boards Regulation to Reduce Particulate Matter and Cnteria Pollutant Emissions from in -Use Heavy Duty Diesel
Vehicles, In -Use Off -Road Diesel Vehicle Reputation, or Airborne Toxic Control Measure For Diesel Particulate Matter From Portable Engines Hated Al
ad Horsepower And Greater It therefore Gourd be subject. to retrofit, exhaust retrofit, or acce/erated turnover requirements to reduce emissions of air
pollutants. For more information, please visit the California Air Resources Board weesites at hltps,//www.arb.ca_govldieseltruck,
httpsllwww.orb.ca govirrlsproglordiesellordiesel.htm, or https'llwww.arb.ca,govlportableiportable-him.
It is understood and agreed that titleto and right of possession of any rental items) above shall remain vested in the seller until any indebtedness and
all sums due or to become due from the customer, whether evidenced by note, book account, judgment or otherwise, shall have been fully paid, at
which time ownership shall pass to the customer. Client warrants that the invoiced goods or services will be used far business or agricultural purposes
and not for personal, family or household purposes.
A FINANCE CHARGE OF 1 5°:u PER MONTH (18% PER ANNUM) will he charged on the past due balance. The past due balance represents all charges remaining unpaid on the closing date of the month
following the invoice date. in the event of'default in the payment of any amount due, and if the account is placed in the. hands of any agencyor attorney for collection or legal action, the purchaser agrees to
pay finance charges equal to the cost of collection (as permitted by laws governingthese transactions). Wi
When necessary, Quinn will invoke ts reparrmans lien pursuant to Sections 3051 and 3651a of the
California Ctml Code Acceptance by the customer of the parts, service or equipment-listedabove is the customer's agreement to be bound by the credit and collection terms set forth above_
PAY THIS ►
AMOUNT
AMOUNT
CREDITED ,
REPRINT
Qum
10006 ROSE HILLS RD. / CITY OF INDUSTRY, CA 90601 1 (562)463-4000
SOLD TO
CATERPILLAR FIN SVCS
ATTN ACCOUNTS PAYABLE
P 0 BOX 340001
NASHVILLE TN 37203-0001
INVOICE NUMBER
G2973201
SALE/RENTAL INVOICE
PLEASE MAKE REMITTANCE TO.
QUINN COMPANY
P.O. BOX 849665 LOS ANGELES, CA 90084-9665
SHOP TO
CITY OF REDLANDS
1270 W PARK AVE
REDLANDS, CA 92373
INVOICE DATE
05-24-22
CUSTOMER NO,
121300
AGR NUMBER
G29732
MAKE
AA
QTY.
DOC. DATE
08-25-21
MODEL
420
PC LC
CUSTOMER ORDER NUMBER
MC
10
SERIAL NUMBER
H8T01835
STORE
AO
SHIP VIA
FIN-NP
EQUIPMENT NUMBER
DIV
SALESMAN
TERMS
PAGE
069
2 3
METER READING
DESCRfPT)QN
WARRANTY: 12M0 STANDARD
EXT WARRANTY: 36M0/1500HR PREMIER
CVA: 36M0/1500HR PARTS ONLY
SALESMAN: JOSE FARIAS
SOURCEWELL DISCOUNT HAS BEEN APPLIED
CONTRACT NUMBER 032119-CAT
NET 10 DAYS
When operated in California any on -road heavy-duty diesel vehicle alternative -diesel vehicle off -road diesel vehicle, or portable diesel engine may be
subject to me California Air Resources Boards Regulation to Reduce Particulate Matter and Criteria Pollutant Emissions from In -Use Heavy -Duty Diesel
Vehicles, In -Use Off -Road Diesel Vehicle Regulation, or Airborne Toxic Control Measure Per Diesel Particulate Mailer from Portable Engines Rated At
50 Horsepower And Greater It therefore could be -subject to retrofit. exhaust retrofit, or accelerated turnover requirements to reduce emissions of air
Rhollutants For more information, please visit the California Air Resources Board websites at https:llwww arb ca.govfdiesellnrck.
ps-,twww arb.ca.govlmsprcglordieseilordiesei htm, or https-lfwww arb ca gev/portablelportable.htm
II is understood and agreed That title to and right of possession of any rental ilemis) above shall remain vested in the seller until any indebtedness and
all sums due or to become due front the customer, whether evidenced by note, book account, judgment or otherwise, shall have -been fully paid, at
which time ownership shall pass to the customer_ Client warrants That the invoiced goods or services Will be used for business or agricultural purposes
and not for personal, family or household purposes
A FINANCE CHARGE OF 1.5% PER MONTH (le% PER ANNUM) will be charged on the past due balance. The past due balance represents all charges remaining unpaid on the closing date of the month
following the invoice date. In the event of default in ,(the payment of any amount duge, and If the account is placed in the hands of any agency, or attorney for collection or legal action. the urchaser agrees to
GalifomiaCivil Code. Acceiptance by the custcolomer [tithe parts. Serviceaorsegoverning
uipm nt listed above as Ihesc 4stomer'seagree necessary,
be will
by the credit and col eotion term toSections
fQ iih above 1 and 3051 a of the
INV SEQ NO
1156189
.00
MACH ID NO.
NS001650
TOTAL
UJSD
137588.86
REPRINT