HomeMy WebLinkAboutContracts & Agreements_216A-2019,2020
ALTEC CAPITAL SERVICES, L.L.C.
33 Inverness Center Parkway
Suite 200
Birmingham, AL 35242
Re: Equipment Lease/Purchase Agreement dated as of March 01, 2020 between
ALTEC CAPITAL SERVICES, L.L.C., as Lessor, and
City of Redlands, California, as Lessee
Lease Number 227805
Essential Use of Equipment.
All:
This letter is to confirm and affirm that the personal property (the "Equipment") subject to the above -referenced
Agreement is essential to the governmental functions of Lessee.
The Equipment will be used by Lessee for the purpose of performing one or more of Lessee's governmental
functions consistent with the permissible scope of Lessee's authority and not in any trade or business carried on by any person
other than Lessee.
Very truly yours,
City of Redlands, California
Its: Mayor
Attest:
Paul W. Foster
ne Donaldson, City Clerk
Lease Number: 227805
EQUIPMENT LEASE/PURCHASE AGREEMENT
THIS EQUIPMENT LEASE/PURCHASE AGREEMENT ("Agreement") is made as of March 01, 2020 by and between ALTEC
CAPITAL SERVICES, L.L.C. ("Lessor") and CITY OF REDLANDS, CALIFORNIA ("Lessee").
In consideration of the mutual covenants, terms and conditions hereinafter contained, Lessor hereby agrees to lease to Lessee, and
Lessee hereby agrees to lease from Lessor, the property (hereinafter, together with all replacements and accessions thereto, referred to as
the "Equipment") generally described in the Preliminary Description of Equipment attached hereto and to be more specifically described in
the Certificate of Acceptance, in the form attached, to be executed and delivered pursuant hereto, subject to the terms and conditions set
forth herein.
This Agreement is made upon the following terns and conditions:
(l) TERM. (a) Commencement of Term. This Agreement shall be effective, and the parties' obligations hereunder shall arise, as of the
date hereof. The term of lease under this Agreement shall commence on the date on which the Equipment is accepted by Lessee, as
indicated on the Certificate of Acceptance (the "Commencement Date"), and shall terminate on the last business day of Lessee's then
current fiscal budget period (such period being hereinafter referred to as the "Original Term"). (b) Renewal of Term. Subject to the
provisions of Section 10 hereof and sub -part (e) of this Section, the Original Term will be automatically and successively renewed at the
end of the Original Term under the same terms and conditions for successive renewal periods ("Renewal Terms"), with the last of such
Renewal Terms to end on the last day of the Full Lease Term, as specified on the Schedule of Payments executed by Lessee and attached
hereto (the "Schedule"). (c) Termination of Term. The term of lease will terminate upon the earliest to occur of any of the following
events: (1) The expiration of the Original Term or any Renewal Term and the nonrenewal thereof in accordance with the teens and
conditions of this Agreement; (2) The purchase of the Equipment by Lessee under the provisions of Sections 8(c) or 10 of this Agreement;
(3) A default by Lessee and Lessor's election to terminate this Agreement under Section 13; or (4) The payment by Lessee of all rental
payments to be paid by Lessee hereunder with respect to the Equipment. (d) Continuation of Lease Term by Lessee. Lessee intends,
subject to the provisions of sub -part (e) of this Section, to continue the term of the lease hereunder through the Original Term and all
Renewal Terms for the Full Lease Term and to pay the rental payments hereunder. Lessee reasonably believes that legally available funds
in an amount sufficient to make all rental payments for the Full Lease Term can be obtained and further intends to do all things lawfully
within its power to obtain and maintain funds from which the rental payments may be made. (e) Nonappropriation. In the event sufficient
funds are not appropriated for the payment of all rental payments required to be paid in the next succeeding Renewal Term, then Lessee
may terminate this Agreement at the end of the Original Tenn or the then current Renewal Tenn, as the case may be, and Lessee shall not
be obligated to make payment of the rental payments provided for in this Agreement beyond the then current tern. Lessee agrees to give
notice to Lessor of such termination at least sixty (60) days prior to the end of the then current term or, if nonappropriation has not occurred
by that date, promptly upon the occurrence of nonappropriation. If this Agreement is terminated under this sub -part, Lessee agrees, at
Lessee's sole cost and expense, peaceably to deliver the Equipment to Lessor at such location as is specified by Lessor, in the condition
required by Section 5(b) hereof, on or before the effective date of termination.
(2) RENTAL PAYMENTS. (a) Rental Payments to Constitute a Current Expense of Lessee. Lessor and Lessee understand and
intend that the obligation of Lessee to pay rental payments hereunder shall constitute a current expense of Lessee and shall not in any way
be construed to be a debt of Lessee in contravention of any applicable constitutional or statutory limitations or requirements concerning the
creation of indebtedness by Lessee, nor shall anything contained herein constitute a pledge of the general tax revenues, funds or monies of
Lessee. (b) Payment of Rental Payments. Lessee shall pay rental payments exclusively from legally available funds, in lawful money of
the United States of America, to Lessor in the amounts and on the rental payment due dates set forth in the Schedule without notice. In the
event that any rental payment is not received by Lessor on or before the due date therefor, Lessee agrees to pay a late charge determined on
the basis of accrued interest on the delinquent amount at the rate of one percent (l%) per month (or, if such rate is in excess of the
maximum rate permitted by law, the maximum rate permitted by law) from the date of delinquency to the date that the rental payment is
received by Lessor. (c) Interest and Principal Components. As set forth in the Schedule, a portion of each rental payment is paid as, and
represents payment of, interest, and the balance of each rental payment is paid as, and represents payment of, principal. (d) Rental
Payments to be Unconditional. The obligation of Lessee to make rental payments hereunder, and to perform and observe the covenants
and agreements contained in this Agreement, shall be absolute and unconditional in all events, except as expressly provided in this
Agreement. Lessee shall not assert any right of setoff, counterclaim, or abatement against its obligations hereunder, including (without
limitation) by reason of equipment failure, disputes with the vendor(s) or manufacturer(s) of the Equipment or Lessor, accident or any
unforeseen circumstances.
(3) REPRESENTATIONS AND COVENANTS OF LESSEE. Lessee represents, covenants and warrants to Lessor as follows:(a)
Lessee is a state or political subdivision thereof within the meaning of Section 103(c) of the Internal Revenue Code of 1986, as amended,
(the "Code") and will do or cause to be done all things necessary to preserve and keep in full force and effect its existence as such. (b)
Lessee is authorized under the Constitution and laws of the state of CA to enter into this Agreement and the transactions contemplated
hereby and to perform all of its obligations hereunder. (c) Lessee's name as indicated in the opening paragraph and on the signature page of
this Agreement is its true, correct, and complete legal name. (d) As evidenced by an attachment hereto, the execution and delivery of this
Agreement by or on behalf of Lessee has been duly authorized by all necessary action of the governing body of Lessee, and Lessee has
obtained such other approvals and consents as are necessary to consummate this Agreement. Lessee further represents, covenants and
warrants that all requirements have been met, and procedures have occurred, necessary to ensure the enforceability of this Agreement
against Lessee, and that Lessee has complied with such public bidding requirements as may be applicable to this Agreement and the
acquisition of the Equipment by Lessee hereunder. (e) Lessee shall cause to be executed and attached hereto an incumbency certificate and
an opinion of its counsel in fonn and substance satisfactory to Lessor. (f) Lessee has determined that a present need exists for the
Equipment which need is not temporary or expected to diminish in the near future. The Equipment is essential to and will be used by
Lessee only for the purpose of performing one or more governmental functions of Lessee consistent with the permissible scope of Lessee's
authority and will not be used in a trade or business of any person or entity. Lessee shall cause to be executed and attached hereto an
Essential Use of Equipment Letter in form and substance satisfactory to Lessor. (g) Within one hundred fifty (150) days of the end of each
fiscal year of Lessee during the term hereof, Lessee shall provide Lessor with a copy of its audited financial statements for such fiscal year.
Additionally, Lessee shall provide Lessor with budgets, proof of appropriation for the ensuing fiscal year and such other financial
information relating to the ability of Lessee to continue this Agreement as may reasonably be requested by Lessor. (h) The Equipment is,
and shall remain during the period this Agreement is in force, personal property and when subject to use by Lessee under this Agreement
will not be or become fixtures. (i) Lessee acknowledges that Lessor is acting only as a financing source with respect to the Equipment,
which has been selected by Lessee. (j) Lessee will promptly and duly execute and deliver to Lessor such further documents, instruments
and assurances and take such further action as Lessor may from time to time reasonably request in order to carry out the intent and purpose
of this Agreement and to establish and protect the rights and remedies created or intended to be created in favor of Lessor hereunder.
(4) TITLE TO EQUIPMENT; SECURITY INTEREST. (a) Title to the Equipment. During the term of this Agreement, title to the
Equipment shall vest in Lessee, subject to the rights of Lessor under this Agreement. In the event of a default as set forth in Section 13
hereof or nonappropriation as set forth in Section 1(e) hereof, title shall immediately vest in Lessor. (b) Security Interest. To secure the
prompt payment and performance as and when due of all of Lessee's obligations under this Agreement, Lessee hereby grants to Lessor a
first priority security interest in the Equipment, all replacements, substitutions, accessions and proceeds (cash and non -cash), including the
proceeds of all insurance policies, thereof. Lessee agrees that with respect to the Equipment Lessor shall have all of the rights and
remedies of a secured party under the Uniform Commercial Code as in effect in CA. Lessee may not dispose of any item of the Equipment
without the prior written consent of Lessor, notwithstanding the fact that proceeds constitute a part of the Equipment.
(5) USE AND MAINTENANCE. (a) Use. Lessee shall use the Equipment solely for the purpose of performing one or more
governmental functions of Lessee and in a careful, proper and lawful manner consistent with the requirements of all applicable insurance
policies relating to the Equipment. Lessee will not change the location of any items of the Equipment as specified in the applicable
Certificate of Acceptance without the prior written consent of Lessor, which consent shall not be unreasonably withheld. Lessee shall not
attach or incorporate the Equipment to or in any other item of equipment in such a manner that the Equipment becomes or may be deemed
to have become an accession to or a part of such other item of equipment. (b) Maintenance. Lessee, at its own expense, will keep and
maintain, or cause to be kept and maintained, the Equipment in as good operating condition as when delivered to Lessee hereunder,
ordinary wear and tear resulting from proper use thereof alone excepted, and will provide all maintenance and service and make all repairs
reasonably necessary for such purpose. All replacement parts and accessions shall be free and clear of all liens, encumbrances or rights of
others and have a value and utility at least equal to the parts or accessions replaced. Lessee shall not make any material alterations to the
Equipment without the prior written consent of Lessor, which consent shall not be unreasonably withheld. All additions to the Equipment
which are essential to its operation, or which cannot be detached without materially interfering with such operation or adversely affecting
the Equipment's value and utility, shall immediately be deemed incorporated in the Equipment and subject to the terms of this Agreement
as if originally leased hereunder, and subject to the security interest of Lessor. Upon reasonable advance notice, Lessor shall have the right
to inspect the Equipment and all maintenance records with respect thereto, if any, at any reasonable time during normal business hours.
Additional Provisions for Vehicles. As to any Equipment leased hereunder that constitutes motor vehicles ("Vehicles"), you further
covenant and agree as follows:
(a) You shall, at your own expense, obtain in our name all registration plates and other plates, permits inspections or licenses
required to be obtained in connection with the Vehicles, or related to their operation and use except for the initial registration plates which we
obtain at your expense. We shall issue to you, for such purpose, appropriate limited powers of attorney or such other authority as may be
necessary. You shall not, without our prior written consent, permit any Vehicle to be located in a state other than the state in which such
Vehicle is then titled for any continuous period of time that would subject such Vehicle to the titling or registration laws of such other state.
YOU AGREE THAT NO VEHICLE SHALL BE USED TO TRANSPORT PERSONS FOR HIRE OR HAZARDOUS
SUBSTANCES.
(b) At any time that you are required to return the Vehicle to us, you shall, at your expense, deliver the Vehicle to the nearest Altec
facility within the United States which we specify.
(c) Each Vehicle shall not have more than the average miles per year recorded on its odometer than the mileage specified for the
selected Lease Term for each vehicle type and specific model as detailed on the Supplement (or, if no mileage is specified in the Supplement,
each Vehicle shall not have more than twelve thousand (12,000) miles per year for each year of the applicable Lease Term) and you shall pay
us, at the time of Vehicle surrender, an excess mileage charge equal to $.35 per mile for each mile exceeding specified mileage
(d) Ensure all Equipment and equipment operations conform to all applicable local, state, and Federal laws, health and safety
guidelines. Upon return, the Equipment will be complete and operational with all components as originally supplied and will have passed
D.O.T. inspections, or other appropriate agency or association requirements for operation. If applicable, an inspection sticker or certificate
will be furnished to Lessor verifying compliance with any regulatory requirements. Lessee shall satisfy all legal and regulatory conditions
necessary for Lessor to sell or lease the Equipment to a third party. Lessee will keep all licenses and operating certificates required for
operation of the Equipment current during the tens of the Lease. Lessee will at all times use the Equipment in compliance with all
applicable laws and regulations of any governmental, local and regulatory agency;
(e).Provide safe, secure storage for the Equipment for one -hundred and eighty (180) clays after expiration or earlier termination of
the Lease at not more than three (3) location (s) selected by Lessor;
(f) Take such action as may be required so that, upon return, each unit of Equipment must meet all of its manufacturer's
specifications for performance under full -rated loads and all of the following conditions:
1). Tires: All tires shall be of the same type (original size) and manufacturer (i.e. matched) and have a minimum
of fifty (50) percent remaining tread life. All front tires shall be original casing with no crossed lugs, rear tires may be either
original casings or first time recapped tires and no tire shall exhibit or have flat or bald spots, dry rot, exposed cord or cuts in
sidewall;
2). Any time or life -limited components including, but not limited to, power train assembly, transmissions,
converters, generators, axles, wheels, pumps or other parts shall have at least fifty (50%) percent useful life remaining before the
manufacturer's next recommended major overhaul, rebuild, calibration or replacement as recommended by the manufacturer
and/or published in standard maintenance manuals;
3). Mechanical Power Train: Each unit of Equipment shall have passed a dynamometer test, road test and oil
analysis, each conducted not more than sixty- (60) days prior to the return of the equipment, the test results shall have been
provided to Lessor not more than two- (2) weeks after each test has been conducted and not less than two- (2) weeks prior to the
return of the Equipment and the tests and test results shall have been reasonably acceptable to the Lessor. The engine must have
at least 50% remaining mileage until the next manufacturer's scheduled "in -frame" overhaul, there shall be no cracked cylinder
heads or engine blocks, the wheel horsepower must be within 80% - 85% of the rated flywheel horsepower without excess blow -
by, exhaust system leakage or oil leakage and must meet current smoke emission standards. The transmission and rear axles shall
be capable of pulling loads to their full rated capacity, there shall be no transmission, drive axle or wheel hub oil leaks and there
shall be no "slipping" or "grabbing" clutch. Cooling and lubrication systems shall not be contaminated and there shall be no
leaking between systems, no battery shall have any dead cell, cracked case or be inoperative;
4). Service Body/Digger Derrick: Lessee will ensure that the Equipment will be mechanically and structurally
sound, no bowed sections, free of cracks, bends or warping that impacts the Fair Market Value and marketability of the
Equipment and is capable of performing the functions for which the Equipment was originally designed. Ensure all safety
equipment, covers and guards, parts and components must be in -place and operational. No safety features shall be bypassed or
disconnected. All body parts shall be intact with no tears or dents in metal. Service bodies to be free of dents (or cracks on
fiberglass components) or damages over $50.00, normal wear and tear excepted. Sheet metal must be complete. All cooling,
heating and lubrication systems shall not be contaminated and there shall be no leaks or leakage between systems. All gauges,
indicators and controls will be in good conditions, plastic or glass coverings intact, clear and all will be in good working order.
No battery shall have any dead cells, cracked case be inoperative or unable to be charged. All internal fluids, such as lube oil and
hydraulic fluids, arc to be filled to operating levels and all filler caps are to be secured. Digger/Derrick boom, hydraulic cylinders
and all accessories and attachments shall be free of damage and capable of performing to their maximum operational designs.
All drive axles and non -drive axles are to be fully functional with no slipping, grinding or grabbing, and the Equipment shall be
operational in all gears, forward and reverse. If during such inspection, the authorized inspector finds any of the material or
workmanship to be defective or the Equipment not meeting or exceeding the manufacturer's operating requirements, Lessee, at
lessee's cost, shall repair or replace the material or defective workmanship utilizing manufacturer approved components and in
accordance with the manufacturer's recommendations. After corrective measures are completed, lessee, at Lessee's cost will
provide for a follow-up inspection of the Equipment by the authorized inspector as outlined in this paragraph;
5). General Condition: With respect to each unit, there must be no structural or mechanical damage; no glass
shall be broken, chipped or cracked; no upholstery shall have any cuts, tears or burn marks. All rust or corrosion must be treated
in a manner consistent with standard industry practices. All Equipment must have a good overall appearance and no material
damage. The Equipment shall be cleaned (internal and external), free of rust and corrosion with no missing or damaged parts.
Upon return, all commercial logos, advertising, graffiti, insignias and lettering shall be removed and repaired in a workmanlike
manner so as to not damage the Equipment. Manufacturer's identity plates and markings shall not be removed. With respect to
each unit, the total cost of necessary repairs for damage or other related costs necessary to place the Equipment in such condition
as to be in complete compliance with this Lease may not exceed $150.00;
6). Documents and Records: Written records of scheduled and other maintenance and repair work done shall be
kept, dated, and signed by the appropriate authority. A service history or log will be maintained during the Lease term and a
copy provided to Lessor upon request during the term of the Lease, or at Lease termination. All maintenance records,
maintenance record jackets, repair jackets, repair orders, license plates, registration certificates and all other similar documents,
in their entirety, must be returned to Lessor;
7). Brakes: Brake drums, linings and other brake components shall not be cracked and shall not exceed
manufacturers' recommended wear limits, Brake linings shall have fifty (50) percent remaining wear;
8). Maintenance: Lessee shall strictly follow the manufacturer's recommended maintenance and service
schedule, as required to validate any warranty, at Lessee's sole cost and expense. Any maintenance or repair work shall comply
with the guidelines and procedures as specified by the manufacturers of the equipment and in accordance with standards in the
industry. Lessee will use only original manufacturer's approved replacement parts and components in the performance or any
maintenance and repair of the Equipment. Lessee will at all times maintain the Equipment in good operational condition and
appearance;
9). Use: Lessee guarantees that the Equipment will not be or have been operated beyond the rated capacity as
certified by the manufacturer at any time during the Lease term. Lessee will not discriminate in the use of the Equipment from
any other similar equipment in its fleet;
10). Alterations: Lessee will not modify the Equipment without the prior written approval of Lessor. In any
event, Lessee will not make any modifications or alterations that would impair the Equipment's use, value, marketability or
manufacturer's warranty and recommendations. Lessee will not make any alterations to the Equipment that would damage or
restrict the use of the Equipment from its initial use and design and that cannot be removed without damage to the unit, Changes,
modifications or additions to the Equipment mandated by Federal or state authorities will be completed by Lessee and become
property of Lessor;
11). Not more than ninety- (90) days prior to return of Equipment, during regular working hours, Lessee must
make the Equipment available to allow Lessor or Lessor's agent to conduct an in-depth physical inspection. Any part,
component or function found not to be within the manufacturer's tolerances and operational specifications, including but not
limited to engines, transmissions, clutches, drive trains, and rear axles, will be replaced or brought within those tolerances and
specifications to the satisfaction of Lessor. Testing with necessary reconditioning to meet the return conditions are to be
provided to Lessor two (2) weeks prior to the return of the equipment. Lessee shall obtain written certification from the
manufacturers or their authorized representative that the Equipment has been returned in accordance with the terms set forth
herein;
(6) FEES; TAXES; OTHER GOVERNMENTAL AND UTILITY CHARGES; LIENS. (a) Fees. Lessee shall be liable to reimburse
Lessor for, and agrees to hold Lessor harmless from, all titling, recordation, documentary stamp and other fees arising at any time prior to
or during the Full Lease Term, or upon or relating to the Equipment or this Agreement. (b) Taxes, Other Governmental Charges and
Utility Charges. The parties contemplate that the Equipment will be used for a governmental purpose of Lessee and that the Equipment
will be exempt from all taxes presently assessed and levied with respect to personal property. In the event that the use, possession or
acquisition of the Equipment is found to be subject to taxation in any form (except for net income taxes of Lessor), Lessee will pay, as the
same come due, all taxes and governmental charges of any kind whatsoever that may at any time be lawfully assessed or levied during the
Full Lease Tenn against or with respect to the Equipment, as well as all utility and other charges incurred in the operation and use of the
Equipment. (c) Liens. Lessee shall keep the Equipment free and clear of all liens, levies and encumbrances, except those created under this
Agreement.
(7) INSURANCE. (a) Casualty Insurance. At its own expense, Lessee shall keep the Equipment insured against loss or damage due to
fire and the risks normally included in extended coverage, malicious mischief and vandalism, for not less than the Full Insurable Value of
the Equipment. As used herein, "Full Insurable Value" means the full replacement value of the Equipment or the Prepayment Amount
applicable to the immediately preceding rental payment due date as designated on the Schedule, whichever is greater. All insurance for
loss or damage shall provide that losses, if any, shall be payable to Lessor and Lessee, as their interests may appear, and Lessee shall utilize
its best efforts to have all checks relating to any losses delivered promptly to Lessor. If Lessee insures similar properties against casualty
loss by self-insurance, with Lessor's prior consent Lessee may satisfy its obligations with respect to casualty insurance hereunder by means
of a self-insurance fund reasonably acceptable to Lessor. The Net Proceeds of the insurance required hereby shall be applied as provided in
Section 8 hereof. As used herein, "Net Proceeds" means the amount remaining from the gross proceeds of any insurance claim or
condemnation award after deduction of all expenses (including attorneys' fees) incurred in the collection of such claim or award. (b)
Liability Insurance. Lessee shall also carry public liability insurance, both personal injury and property damage, covering the Equipment
in an amount as Lessor may from time to time reasonably require on notice to Lessee. Lessor shall be named as an additional insured with
respect to all such liability insurance. With Lessor's prior consent, Lessee may satisfy its obligations with respect to liability insurance
hereunder by maintaining a funded self-insurance plan. (c) Worker's Compensation. Lessee shall carry worker's compensation insurance
covering all employees working on, in, near or about the Equipment, or demonstrate to the satisfaction of Lessor that adequate self-
insurance is provided, and shall require any other person or entity working on, in, near or about the Equipment to carry such coverage
throughout the Full Lease Tenn. (d) General Requirements. All insurance required under this Section 7 shall be in form and amount and
with companies reasonably satisfactory to Lessor except as otherwise expressly provided herein. Lessee shall pay the premiums therefor
and deliver to Lessor the policies of insurance or duplicates thereof, or other evidence satisfactory to Lessor of such insurance coverage,
annually throughout the Full Lease Term. Each insurer shall agree, by endorsement upon the policy or policies issued by it or by
independent instrument furnished to Lessor, that (a) it will give Lessor thirty (30) days' prior written notice of the effective date of any
material alteration or cancellation of such policy; and (b) insurance as to the interest of any named additional insured or loss payee other
than Lessee shall not be invalidated by any actions, inactions, breach of warranty or conditions or negligence of Lessee with respect to such
policy or policies.
(8) RISK OF LOSS; DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS. (a) Risk of Loss. Lessee
assumes all risk of loss of or damage to the Equipment from any cause whatsoever, and no such loss of or damage to the Equipment, defect
therein, or unfitness or obsolescence thereof, shall relieve Lessee of its obligation to make rental payments or perform any other obligations
hereunder. (b) Damage, Destruction and Condemnation. If prior to the termination of the Full Lease Term (1) the Equipment or any
portion thereof is destroyed (in whole or in part) or is damaged by fire or other casualty; or (2) title to, or the temporary use of, the
Equipment or any part thereof or the estate of Lessee or Lessor in the Equipment or any part thereof shall be taken under the exercise of the
power of eminent domain by any governmental body or by any person, firm or corporation acting under governmental authority; Lessee
and Lessor will cause the Net Proceeds of any insurance claim or condemnation award to be applied to Lessee's obligations pursuant to
sub -part (c) of this Section. (c) Use of Net Proceeds. Provided the Equipment is not deemed to be a total loss, Lessee shall, at its expense
(subject to application of the Net Proceeds), cause the prompt repair, replacement or restoration of the affected Equipment. In the event
that the Equipment is totally destroyed or damaged and Lessee is unable to make arrangements satisfactory to Lessor for the prompt
replacement thereof, Lessee shall pay to Lessor, on the rental payment due date next succeeding the date of such loss, the Prepayment
Amount applicable to such rental payment due date plus the rental payment due on such date and any other amounts then payable by
Lessee hereunder. Upon such payment, the term of the lease and the security interest of Lessor in the Equipment shall terminate, and
Lessee will acquire full and unencumbered title to the Equipment as provided in Section 10 hereof. If Lessee is not then in default
hereunder, any portion of the Net Proceeds in excess of the amount required to pay in full Lessee's obligations as set forth in this sub -part
(c) shall be for the account of Lessee. Lessee agrees that if the Net Proceeds are insufficient to pay in full Lessee's obligations as set forth
in this sub -part (c), Lessee shall make such payments to the extent of any deficiency.
(9) DISCLAIMER OF WARRANTIES. LESSOR, NOT BEING A SELLER (AS SUCH TERM IS DEFINED IN THE
UNIFORM COMMERCIAL CODE), NOR A SELLER'S AGENT, HEREBY EXPRESSLY DISCLAIMS AND MAKES TO
LESSEE NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OF MERCHANTABILITY OR FITNESS FOR
ANY PARTICULAR PURPOSE OR OTHERWISE, INCLUDING, BUT NOT LIMITED TO: THE FITNESS FOR USE,
DESIGN OR CONDITION OF THE EQUIPMENT; THE QUALITY OR CAPACITY OF THE EQUIPMENT; THE
WORKMANSHIP IN THE EQUIPMENT; THAT THE EQUIPMENT WILL SATISFY THE REQUIREMENTS OF ANY LAW,
RULE, SPECIFICATION OR CONTRACT PERTAINING THERETO; AND ANY GUARANTY OR WARRANTY AGAINST
PATENT INFRINGEMENT OR LATENT DEFECTS, it being agreed that all such risks, as between Lessor and Lessee, are to be home
by Lessee. Lessor is not responsible or liable for any direct, indirect, incidental or consequential damage to or losses resulting from the
installation, operation or use of the Equipment or any products manufactured thereby. All assignable warranties made by the vendor(s) or
manufacturer(s) to Lessor are hereby assigned to Lessee for and during the Full Lease Term and Lessee agrees to resolve all such claims
directly with the vendor(s) or manufacturer(s). Provided that Lessee is not then in default hereunder, Lessor shall cooperate fully with
Lessee with respect to the resolution of such claims, in good faith and by appropriate proceedings at Lessee's expense. Any such claim
shall not affect in any manner the unconditional obligation of Lessee to make rental payments hereunder.
(10) PURCHASE OF EQUIPMENT BY LESSEE/PREPAYMENT. Provided that Lessee is not then in default under this Agreement,
this Agreement will terminate, the security interest of Lessor in the Equipment will be terminated, and Lessee will acquire title to the
Equipment free and clear of all liens and encumbrances created by, or arising through or under, Lessor: (a) at the end of the Full Lease
Term, upon payment in full of all rental payments and other amounts payable by Lessee hereunder for the Full Lease Term; or(b)on any
rental payment due date, upon payment by Lessee of the then applicable Prepayment Amount as set forth on the Schedule plus the rental
payment due on such date and all other amounts then due by Lessee hereunder, provided Lessee shall have given Lessor not less than thirty
(30) days' prior notice of its intent to make such payment.
(11) QUIET POSSESSION, Lessor represents and covenants to Lessee that Lessor has full authority to enter into this Agreement, and
that, conditioned upon Lessee performing all of the covenants and conditions hereof, as to claims of Lessor or persons claiming under
Lessor, Lessee shall peaceably and quietly hold, possess and use the Equipment during the term of this Agreement subject to the terms and
provisions hereof.
(12) ASSIGNMENT; SUBLEASING; INDEMNIFICATION. (a) Assignment by Lessor. This Agreement, and the rights of Lessor
hereunder and in and to the Equipment and the Schedule, may be assigned and reassigned in whole or in part to one or more assignees by
Lessor or its assignees at any time without the necessity of obtaining the consent of Lessee; provided, however, no such assignment or
reassignment shall be effective unless and until Lessee shall have been given written notice of assignment disclosing the name and address
of the assignee or its agent authorized to receive payments and otherwise service this Agreement on its behalf. Upon receipt of notice of
assignment, Lessee agrees to record the same in records maintained for such purpose, and further, to make all payments as designated in
the assignment, notwithstanding any claim, defense, setoff or counterclaim whatsoever (whether arising from a breach of this Agreement or
otherwise) that Lessee may from time to time have against Lessor or Lessor's assignees. Lessee agrees to execute all documents, including
acknowledgments of assignment, which may reasonably be requested by Lessor or its assignees to protect their interests in the Equipment
and in this Agreement. (b) No Sale. Assignment or Subleasing by Lessee. This Agreement and the interest of Lessee in the Equipment
may not be sold, assigned, sublet or encumbered by Lessee without the prior written consent of Lessor. (c) Release and Indemnification
Covenants. To the extent permitted by the laws and Constitution of the state of CA Lessee hereby assumes and agrees to indemnify,
protect, save and keep harmless Lessor, its agents and employees, from and against any and all losses, damages, injuries, claims, demands
and expenses, including legal expenses, of whatsoever kind and nature, arising on account of (1) the ordering, acquisition, delivery,
installation or rejection of the Equipment; (2) the possession, maintenance, use, condition (including without limitation, latent and other
defects whether or not discoverable by Lessor or Lessee, any claim in tort, including actions for strict liability, and any claim for patent,
trademark or copyright infringement) or operation of any item of the Equipment (by whomsoever used or operated); or (3) the loss,
damage, destruction, removal, return, surrender, sale or other disposition of the Equipment, or any item thereof. It is understood and
agreed, however, that Lessor shall give Lessee prompt notice of any claim or liability hereby indemnified against and that Lessee shall be
entitled to control the defense thereof, so long as Lessee is not in default hereunder.
(13) EVENTS OF DEFAULT AND REMEDIES. (a) Events of Default, The following shall be "events of default" under this
Agreement and the terms "event of default" and "default" shall mean, whenever they are used in this Agreement, any one or more of the
following events: (1) failure by Lessee to pay any rental payment or other payment required to be paid hereunder within five (5) days of the
due date therefor; or(2) failure by Lessee to observe and perform any other covenant, condition or agreement on its part to be observed or
performed hereunder and such failure shall continue unremedied for a period of thirty (30) days after written notice specifying such failure
and requesting that it be remedied, unless Lessor shall agree in writing to an extension of such time prior to its expiration; or(3)any
certificate, statement, representation, warranty or audit contained herein or heretofore or hereafter furnished with respect hereto by or on
behalf of Lessee proving to have been false in any material respect at the time as of which the facts therein set forth were stated or certified,
or having omitted any substantial contingent or unliquidated liability or claim against Lessee; or (4) commencement by Lessee of a case or
proceeding under the Federal bankruptcy laws or filing by Lessee of any petition or answer seeking relief under any existing or future
bankruptcy, insolvency or other similar laws or an answer admitting or not contesting the material allegations of a petition filed against
Lessee in any such proceeding; or(5)a petition against Lessee in a proceeding under any existing or future bankruptcy, insolvency or other
similar laws shall be filed and not withdrawn or dismissed within sixty (60) days thereafter; or (6) an attachment, levy or execution is
levied upon or against the Equipment or any item thereof. (b) Remedies on Default. Whenever any event of default shall have occurred
and be continuing, Lessor shall have the right, at its sole option without any further demand or notice, to exercise any one or more of the
following remedies:(t)with or without terminating this Agreement, retake possession of the Equipment or items thereof and sell, lease or
sublease items of the Equipment for the account of Lessee, with the net amount of all proceeds received by Lessor to be applied to Lessee's
obligations hereunder including, but not limited to, all payments due and to become due during the Full Lease Term, holding Lessee liable
for the excess (if any) of (i) the rental payments payable by Lessee hereunder to the end of the Original Tenn or then current Renewal Term
(whichever is applicable) and any other amounts then payable by Lessee hereunder (including but not limited to attorneys' fees, expenses
and costs of repossession), over (ii) the net purchase price or rent and other amounts paid by a purchaser, lessee or sublessee of the
Equipment pursuant to such sale, lease or sublease, provided that the excess (if any) of such amounts over the Prepayment Amount
applicable to the last rental payment due date of the Original Term or Renewal Term (whichever is applicable) and the amounts referred to
in clause (i) shall be paid to Lessee; (2) require Lessee at Lessee's risk and expense promptly to return the Equipment to Lessor in the
manner and in the condition set forth in Section 5(b) hereof at such location as is specified by Lessor;(3)if Lessor is unable to repossess the
Equipment for any reason, the Equipment shall be deemed a total loss and Lessee shall pay to Lessor the amount due pursuant to Section 8
hereof; and(4)exercise any other right, remedy or privilege which may be available to it under applicable laws of CA or any other
applicable law or proceed by appropriate court action to enforce the terms of this Agreement, to recover damages for the breach of this
Agreement, or to rescind this Agreement as to the Equipment. In addition, Lessee will remain liable for all legal fees and other costs and
expenses, including court costs, incurred by Lessor with respect to the enforcement of any of the remedies listed above or any other remedy
available to Lessor. (c) No Remedy Exclusive. No remedy herein conferred upon or reserved to Lessor is intended to be exclusive and
every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter
existing at law or in equity. Lessor's remedies hereunder may be exercised separately with respect to items of the Equipment. No delay or
omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver
thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient.
(14) TAX COVENANTS.(a)The parties assume that Lessor can exclude the interest component of the rental payments from federal gross
income. Lessee covenants and agrees that it will (i) use a book entry system to register the owner of this Agreement so as to meet the
applicable requirements of Section 149(a)(3).of the Code; (ii) timely file an IRS Form 8038-G (or, if the invoice price of the Equipment is
less than $100,000, a Form 8038-GC) with the Internal Revenue Service ("IRS") in accordance with Section 149(e) of the Code; (iii) not
permit the Equipment to be directly or indirectly used for a private business use within the meaning of Section 141 of the Code including,
without limitation, use by private persons or entities pursuant to contractual arrangements which do not satisfy the IRS' guidelines for
permitted management contracts, as the same may be amended from time to time; (iv) comply with all provisions and regulations
applicable to excluding the interest component of the rental payments from federal gross income pursuant to Section 103 of the Code; and
(v) cause to be completed, executed and delivered to Lessor a Tax Compliance Agreement and No Arbitrage Certificate substantially in the
form provided by Lessor.(b)If Lessor either (i) receives notice, in any form, from the Internal Revenue Service; or (ii) reasonably
determines, based on an opinion of independent tax counsel selected by Lessor and approved by Lessee, which approval Lessee shall not
unreasonably withhold, that Lessor may not exclude the interest component of any rental payment from federal gross income because
Lessee breached a covenant contained herein, then Lessee shall pay to Lessor, within thirty (30) days after Lessor notifies Lessee of such
determination, the amount which, with respect to rental payments previously paid and taking into account all penalties, fines, interest and
additions to tax (including all federal, state and local taxes imposed on the interest component of all rental payments due through the date
of such event) that are imposed on Lessor as a result of the loss of the exclusion, will restore to Lessor the same after-tax yield on the
transaction evidenced by this Agreement (assuming tax at the highest marginal corporate tax rate) that it would have realized had the
exclusion not been lost. Additionally, Lessee agrees that upon the occurrence of such an event, it shall pay additional rent to Lessor on
each succeeding rental payment due date in such amount as will maintain such after-tax yield to Lessor.(c)Lessee has not issued, and
reasonably anticipates that it and its subordinate entities will not issue, tax-exempt obligations (including this Agreement) in the amount of
more than $10,000,000 during the current calendar year; hereby designates this Agreement as a "qualified tax-exempt obligation" within
the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the "Code"); and agrees that it and its subordinate
entities will not designate more than $10,000,000 of their obligations as "qualified tax-exempt obligations" during the current calendar
year.
(15) LESSOR'S RIGHT TO PERFORM FOR LESSEE. If Lessee fails to perform or comply with any of its agreements contained
herein, Lessor shall have the right, but shall not be obligated, to effect such performance or compliance, and the amount of any out of
pocket expenses and other reasonable expenses of Lessor incurred in connection with the performance of or compliance with such
agreement, together with interest thereon at the rate of twelve percent (12%) per annum (or, if such rate is in excess of the maximum rate
permitted by law, the maximum rate permitted by law), shall be payable by Lessee upon demand. Within ten (10) days of receipt, Lessee
shall execute, endorse and deliver to Lessor any deed, conveyance, assignment or other instrument in writing as may be required to vest in
Lessor any right, title or power which by the terms hereof are expressed to be conveyed or conferred upon Lessor, including, without
limitation: (a) Uniform Commercial Code financing statements (including continuation statements), real property waivers; (b) documents
and checks or drafts relating to or received in payment for any loss or damage under the policies of insurance required by the provisions of
Section 7 hereof to the extent that the same relate to the Equipment; and (c) upon default or nonappropriation or times thereafter as Lessor
in its sole and absolute discretion may determine, any bill of sale, document, instrument, invoice, freight bill, bill of lading or similar
document relating to the Equipment in order to vest title in Lessor and transfer possession to Lessor. Further, to the extent permitted by
law, Lessee appoints Lessor as its attorney -in -fact for the limited purpose of, and with the full authority to, execute and file Uniform
Commercial Code financing statements (including continuation statements) in the name and on behalf of Lessor, and agrees that
photocopies of originally executed Uniform Commercial Code financing statements (including continuation statements) may be filed in the
appropriate recordation offices as originals. In addition, the Lessee hereby authorizes the Lessor to prepare and file Uniform Commercial
Code financing statements (including continuation statements) naming Lessee as debtor and Lessor as secured party without the signature
of the Lessee to the extent permitted by law.
(16) MISCELLANEOUS. (a) Notices. All notices (excluding billings and communications in the ordinary course of business) hereunder
shall be in writing, and shall be sufficiently given and served upon the other party if delivered (i) personally, (ii) by United States registered
or certified mail, return receipt requested, postage prepaid, (iii) by an overnight delivery by a service such as Federal Express or Express
Mail from which written confirmation of overnight delivery is available; or (iv) by facsimile with a confirmation copy by regular United
States mail, postage prepaid, addressed to the other party at its respective address stated below the signature of suck party or at such other
address as such party shall from time to time designate in writing to the other party, and shall be effective from the date of mailing. (b)
Binding Effect. This Agreement shall inure to the benefit of and shall be binding upon Lessor and Lessee and their respective successors
and assigns. (c) Severability; Survival. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction. To the extent permitted by applicable law, Lessee hereby waives any provision of law which renders any provision
hereof prohibited or unenforceable in any respect. The representations, warranties and covenants of Lessee herein shall be deemed to be
continuing and to survive the closing hereunder. Each execution by Lessee of a Certificate of Acceptance shall be deemed a reaffirmation
and warranty that there have been no material adverse change in the financial condition of Lessee from the date of execution hereof. The
obligations of Lessee under Sections 1(e), 6, 12(c) and 14, which accrue during the term of this Agreement, shall survive the termination of
this Agreement. (d) Execution in Counterparts. This Agreement may be executed in several counterparts, each of which shall be an
original and all of which shall constitute but one and the same instrument. (e) Applicable Law. This Agreement shall be governed by and
construed in accordance with the laws of the state of CA (f) TO THE EXTENT PERMITTED BY APPLICABLE LAW, LESSOR AND
LESSEE EACH WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY TO ANY ACTION, CLAIM OR SUIT ARISING OUT OF,
RELATING TO, OR BROUGHT IN CONNECTION WITH THIS LEASE. (g) Captions. The captions in this Agreement are for
convenience of reference only and shall not define or limit any of the terms or provisions hereof. (h) Entire Agreement. This Agreement
constitutes the entire agreement between Lessor and Lessee. No waiver, consent, modification or change of terms of this Agreement shall
bind either party unless in writing signed by both parties, and then such waiver, consent, modification or change shall be effective only in
the specific instance and for the specific purpose given. There are no understandings, agreements, representations or warranties, express or
implied, not specified herein regarding this Agreement or the Equipment leased hereunder. Any terms and conditions of any purchase
order or other document (with the exception of supplements) submitted by Lessee in connection with this Agreement which are in addition
to or inconsistent with the terms and conditions of this Agreement will riot be binding on Lessor and will not apply to this Agreement.
Lessee by the signature below of its authorized representative acknowledges that it has read this Agreement, understands it, and agrees to
be bound by its teens and conditions.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above
set forth.
ALTEC CAPI RVIC S L.L.C., Le sor
By:
Address: 33 Inverness Center Parkwa �uite 200
Birmingham, AL 35242
Phone: (205) 408-8650
Fax No:(205) 437-0197
Ci
By:
Addres
Redla
Attest
of Redl i s California, ess
Phone: (909) 798-7525
Fax No.: (909) 798-7522
aul W. Foster, Mayor
Jeanne Donaldson
City Clerk
227805
DESCRIPTION OF EQUIPMENT
Attached to and made a part of that certain
Equipment Lease/Purchase Agreement dated as of
March 01, 2020
by and between ALTEC CAPITAL SERVICES, L L C , as Lessor,
and City of Redlands, California as Lessee
The items of Equipment to become subject to the Agreement can be generally described as follows:
2019 Ford F550 Altec Bucket AT37 — G
VIN: 1 FDUFS GTOKDA234 8 9
SN: 1019DE22655
LOCATION OF EQUIPMENT:
35 Cajon Street
Redlands, CA 92373-4746
ANTICIPATED PURCHASE PRICE: $116,305.75
SCHEDULE OF PAYMENTS
Attached to and made a part of that certain Equipment Lease/Purchase Agreement dated as of March 01, 2020 by
and between ALTEC CAPITAL SERVICES, L.L.C., as Lessor, and City of Redlands, California, as Lessee.
Commencement Date: Equipment Delivery Date as confirmed by Signature on Delivery and Acceptance.
Full Lease Term: 72 months beginning with Commencement Date.
Rental payments are payable (check one) X in advance in arrears of the period to which they relate.
Rental payment due dates will be based on the Commencement Date, and established in Lessor's notification to Lessee of the
Commencement Date.
Date Payment Interest Principal Balance
Loan 3/1/2020 116,305.75
1 3/1/2020 23,500.00 0.00 23,500.00 92,805.75
2020 Totals 23,500.00 0.00 23,500.00
2 3/1/2021 23,500.00 7,814.24 15,685.76 77,119.99
2021 Totals 23,500.00 7,814.24 15,685.76
3 3/1/2022 23,500.00 6,493.50 17,006.50 60,113.49
2022 Totals 23,500.00 6,493.50 17,006.50
4 3/1/2023 23,500.00 5,061.56 18,438.44 41,675.05
2023 Totals 23,500.00 5,061.56 18,438.44
5 3/1/2024 23,500.00 3,509.04 19,990.96 21,684.09
2024 Totals 23,500.00 3,509.04 19,990.96
6 3/1/2025 23,500.00 1,815.91 21,684.09 0.00
2025 Totals 23,500.00 1,815.91 21,684.09
Grand Totals
141,000.00 24,694.25 116,305.75
Lessee
City of Redlands, California
By:
Paul W. Foster, Mayor
Date: R/Z j/ D
Attest: Z-0C At-e
L1 nne Donaldson, City Clerk
CERTIFICATE OF ACCEPTANCE
The undersigned, as Lessee under the Equipment Lease/Purchase Agreement dated as of March 01, 2020 (the
"Agreement") with ALTEC CAPITAL SERVICES, L.L.C. ("Lessor"), hereby certifies:
I. The items of the Equipment, as such term is defined in the Agreement, fully and accurately described on
the Equipment List attached hereto have been delivered and installed at the location(s) set forth therein.
2. A present need exists for the Equipment which need is not temporary or expected to diminish in the near
future. The Equipment is essential to and will be used by the Lessee only for the purpose of performing one or more
governmental functions of Lessee consistent with the permissible scope of Lessee's authority.
3. The estimated useful life of the Equipment based upon the manufacturer's representations and Lessee's
projected needs is not less than the term of lease with respect to the Equipment.
4. Lessee has conducted such inspection andlor testing of the Equipment as it deems necessary and
appropriate and hereby acknowledges that it accepts the Equipment for all purposes as of the date of this Certificate.
5. The Equipment is covered by insurance in the types and amounts required by the Agreement.
6. No event of default, as such term is defined in the Agreement, and no event which with the giving of notice
or lapse of time, or both, would become an event of default, has occurred and is continuing on the date hereof.
7. Based on the foregoing, Lessor is hereby authorized and directed to fund the acquisition of the Equipment
set forth on the Equipment List by paying, or causing to be paid, the manufacturer(s)/vendor(s) the amounts set forth on the
attached invoices.
8. The following documents are attached hereto and made a part hereof:
(a) Equipment List
(b) Original Invoice(s)
(c) Copies of Certificate(s) of Origin designating Altec Capital Trust as lienholder if any part of the
Equipment consists of motor vehicles, and evidence of filing
(d) Copy of Application for Titling
If Lessee paid an invoice prior to the commencement date of the Agreement and is requesting reimbursement for such
payment, also attach a copy of evidence of such payment together with a copy of Lessee's Declaration of Official Intent and
other evidence that Lessee has satisfied the requirements for reimbursement set forth in Treas. Reg. § 1.150-2.
City of Redlands1Californi:a
Lessee Paul W. Foster, May
B
Date:
Attest:
ne Donaldson, City Clerk
INCUMBENCY CERTIFICATE
I do hereby certify that I am the duly elected or appointed and acting Secretary/Clerk of City of Redlands,
California, a body corporate and politic duly organized and existing under the laws of the state of CA, that I have custody of
the records of such entity, and that, as of the date hereof, the individuals named below are the duly elected or appointed
officers of such entity holding the offices set forth opposite their respective names. I further certify that (i) the signatures set
opposite their respective names and titles are their true and authentic signatures, and (ii) such officers have the authority on
behalf of such entity to enter into that certain Equipment Lease/Purchase Agreement dated as of March 01, 2020 (the
"Agreement") between such entity and ALTEC CAPITAL SERVICES, L.L.C. and is duly authorized to execute Certificates
of Acceptance, Requisition Requests, and other documents relating to the Agreement.
NAME TITLE
Paul W. Foster Mayor
IN WITNESS WHEREOF, I have ly executed this Certificate and affixed the seal of City of Redlands,
California hereto this 21 day of 2020.
[SEAL]
(Sec
(
ry/Clerk)
ER THAN THE PERSON SIGNING THE DOCUMENTS)
/4I�bEC
Capital.
Altec Capital Services, LLC
33 Inverness Center Parkway, Suite 200
Birmingham, AL35242-0842
Telephone: 1-888-408-8148
Facsimile: (205) 408-8113
Invoice Date: March 09, 2020
Please return payment with
signed lease documents.
INVOICE TO: REMIT TO:
City of Redlands, California
35 Cajon Street
Redlands, CA92373-4746
Altec Capital Services, LLC
33 Inverness Center Parkway, Suite 200
Birmingham, AL 35242
Lease #
Description
Amount
227805
Inception Payment
$ 23500.00
Total
$ 23500.00
**Any applicable sales and use taxes will be billed after lease commencement and on the remaining
invoice payments.
BILL TO: 115917
ALTEC CAPITAL SERVICES
C/O ALTEC CAPITAL TRUST
33 INVERNESS CENTER PKWY
STE 200
BIRM INGHAM AL 35242
Major Unit Invoice
SHIP TO:
Please Remit To:
Altec Industries, Inc.
PO Box 11407
BIRMINGHAM AL 35246.0414
For Accounting Questions:
AR I N QU I RY@ALTEC.CO M
CITY OF REDLANDS
FACILITIES/COMMUNITY SERVICES
1270 W PARK AVE STE B
REDLANDS CA 92373
Page 1 of 1
Customer Order Number
13867
Order Date
Sales Order
Number
5076208
Terms
NET 30
Invoke Date
27-FEB•20
Woke Number
7401048
Customer Truck
Number
Chassis YIN
1FDUF5GT0K0A23489
Year/Model
2019/F550
Unit
AT376
Serial Number
10190E22655
Sales Rep
0778Baldwin,
Mark James
WIP Job Number
667 66146670
Body Serial
856-66266055
Item I Quantity
_ Part Number
Description
Amount
1 i
2
a
4
6
070000212
970001042
970235255
970707519
STOCK AND GLOBAL FULLY CONFIt3URED FA
MODEL
Attest Supplied Chassis
Delivery Of Completed Unit
Documentation Foos
Administration Fees
0.00 % State Tax
0.00 % County Tax
0 % City Tax
Any paymen made by a credlt Gard may be subject to a 3% convenience fee.
58,042.00
45,158.00
5,000.00
85.00
35.00
0.00
0.00
0.00
SPECIAL INSTRUCTIONS
Sub Total
Total Tax
Freight
Less Payments
Total Due
T':ir.f`.P..._
108,300.00
/snowy taw.nn..^
0.00
•
0.00
0.00
108,300.00
eacmaItec.com
We O4h to tankyoufar5MN to the opporturgwOr,ervma you.
www.al ec.com
ii
DATE — INVOICE NO.
AUGUST 19,2019 DA23489 2
VEHICLE IDENTIFICATION NO. YEAR MAKE
1FDUF5GTOKDA23489 2019 FORD
BODY TYPE SHIPPING WEIGHT
145 F550 4X2 REG CHAS CAB DRW 7146 LBS.
H.P.(S.A.E.) G.V.WR.
48.61 19500 LBS
NOMINAL TONNAGE
NO. CYI_8S.
2
SERIES OR MODEL
F5G9
CERTIFIED FOR SALE IN CALIFORNIA
the undersigned authorized representative of the companyFirm or corporation named below, hereby cer-
transferred on tvehicle
e above date and under thehe InvorceeN4umbr1 indicacompany
ed to the,follo¢ingdistributorcorporation
dealer.
NAME OF DISTRIBUTOR, DEALER. ETC.
Valley Ford of Huron, Inc.
55 Cleveland Rd, E.
Huron OH 44839
44V601
It is further certified that this was the first transfer of such new motor vehicle in ordinary Trade and commerce.
MEMO DATA
FINANCE SOURCE 000001
B50713219
FORD MOTOR COMPANY
SY
Ford Motor Credit Co JONATHAN E. ()SOME), SECRETARY / (AGENT)
P.Q. Box 1732, Room
Dearborn MI
48121
472
iu
aku 7t2Ac(Ack
222-7805--