HomeMy WebLinkAboutR-1993-055 I
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RESOLUTION NO. 55-93
A RESOLUTION OF THE CITY OF DANIA,
FLORIDA, APPROVING LEASE/PURCHASE
FINANCING PROPOSAL AND FORM OF LEASE
PURCHASE AGREEMENT FOR TWO MOTOR VEHICLES
AS SUBMITTED BY FORD MOTOR COMPANY FOR
USE BY THE FIRE DEPARTMENT; AND PROVIDING
FOR AN EFFETIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA,
i
j FLORIDA:
Section 1 . That that certain Lease/Purchase Financing
Proposal and that certain form of Lease Purchase Agreement for two
1993 Ford Taurus GL automobiles for a total cost of $22, 805. 10, to
i
be used by the Fire Department, copies of which are attached
hereto as Exhibits "A" and "B" , be and the same are hereby
approved and the appropriate city officials are hereby directed to
execute same.
Section 2 . That this resolution shall be in force and take
effect immediately upon its passage and adoption.
PASSED and ADOPTED on the 27th day of April , 1993 .
ATTEST:
MAYOR - COMMISSIONER i
/
CITY CLERK- - AUDITOR
APPROVED AS TO FORM AND CORRECTNESS
BY:
Frank C. Adler, City Attorney
1
Resolution No. 55-93
tPPPPP
,- _
UO3 f
LFASE/PURCRASE FINANCING PROPOSAL FOR City of Dania Fire
Dept. , FL
{
PROPOSAL ; 38005 A OPTION ; 1
Number of Payments 36
Payment Timing Monthly In Advance
Payment Amount $692.75
Payment Factor .030377
Underwriting Pee $300.00 Paid on execution
of documents
Total Amount Funded $22,805.10 t Annual Percentage Rate 6.25 i f
A.P.R. A" PAYMENT FACTOR APPLY TO TOTAL AMOUNT FINANCED
BETNEEN $10,000 AND $24,999. �
DOCUMENTATION AND r=rNG MUST BE COMPLETED BY 07/01/93
_.: i raaaaa*mama*• EQUIPMENT DESCRIPTION arwu.•.w.ew .�'
i f ..
DESCRIPTION MANUF. QNTY DELIVERY DATE EQUIPMENT COST
i
193 Taurus GL Ford 2 04/12/93 $22,80S.10
v1 TOTAL EQUIPMENT COST AFTER DOWN/TRADE t $22,605.10
aaf slats►aaaaafaaaaaffaf aaaff atafaaf of alma as fasts i•'¢
The above financing proposal has boon arranged by Ford Motor
Credit Coa_nanv. for auhsf aainn to r+ r.. ..F n.. A . w4 -. n-...
FL This proposal is for financing only and is subject tot �
1. Completion of mutually acceptable documentation
substantially in the form of the enclosed sample
documents.
2. A review of the proposed essential use of the
equipment and a final credit review of city of Dania
Fire Dept. , FL by the funding source.
3. No material adverse change in the financial condition
of City of Dania Piro Dept. FL prior to funding.
4. Receipt of a copy of the last three years' audited
financial statements for City of Dania Fire Dept. ,
FL
S. No change in Federal or applicable state or local tax
law, regulations, case law, rulings, or other
interpretations by the Internal Revenue Service that :
would affect adversely any Federal, state, or local
tax benefit assumed in determining the above proposal.
FCW
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PPR-05-1993 13:06 313 390 3783 P.03
EXHIBIT "A"
Cp1EPANY
,�...✓it {nits ro:oB F cHnse &L— E.EK
! • MIJAIOA Ff�'JIPf�'ET
I teats w• Ford Ibtor trait euw'r
la+nArf
P. a. .eat Ina 1Tt•171v
. , Dtarbom.
ina
lessea: %,Via WAY
C"Or
SOU'
L eaeet asr`+' to l described In arvY Sd.ed.l to lore lass«, tp It LlieaUl 'sS-15' A10 arsAsctver For . vwrs+r of
that tESS31 LEAUS NO It SSLE TAXIES rF 7t.�*10
to ltww are Lnsaa sRraes A nW suet. -o-Pat"t• Talti LES" YAS Not
A.3 EAGI SS)iTAifd, f?RItAMTT, C, WAUNT.
Ire. lass•
r TN Cas L'ta"pse-tor) In aecordanra With the OQS got A1tE]T MAKE. Arn �� ARItlTT. MCI'
n.real Tee set aclnd E,)mKil d IrlYe itD. WIT', gE'PECT ilDEttATi SS Itf IAE. OR 1
IolloWlrO terms ere cordltlorm a1 this esw•wrcnaw A�aaavrt TION, aiIALIIT, paASILII , ez 11, %E3Pw
YNTLO[YU A IY
(•a eaa/•1• 9rl161LI1T Cf IN' tot 'R IN S Me I,= OF LEWD. rd AS To
This Lease Fitt becQ Hlectlw n.pan the nrotlr• czNKLTId VITY CR fait INE YINOf[ H{E11M Ot MM DISCWR•
1. vie". TWF ARSUCE of LATENT ES U OFdANI WIIIRfttEEii Of A!f MTERfa
tIan heraaf ICY Lasser. Tha zero of this Lease r�t1�o- O[ AS 10 TN[ Sj Of SIRICT
the data the [%'itt�t IS ssaVLd iarrasnt Tt/.) us cwmcw Cisco
E ANY OATIGTld RAKD d C(NEY• J
rasar and, Unless enter cerairotd N •'�••e•iY Qv'Ufa (the LIASI ti Ti IN TORt pl ARt OTRER RE,ptESLNIAlId. tLup. U•
until eM �lnrlm �o (Ne O?RESS a IMIID. YITN gb9LG1
:n this lease. Vitt cmtlrue In A ar[srhad Aal tar Art [IM d CraRAC1ER, 1 Ii1ERET0 ARE 10 IN ..
wirstim Detet sot forth in Dchow 1T S[ING AatFIU IMT All RILLS ii OK)i ,I
I iRUwe . JWR14T dWN tGTD�at Of Oft• LIA111 TO
Lease Tars/') ReyYF mT ls:flE AND LE(MCF41 ll lAl, a
so Lessor ear Ina 4 l m the ACtlrt.. 11K IDUIILL. Ca a a it OdNCC•
2, 2M. Lnade Wwwsa t Pay portico, LCSSEC q AM o1RR vlssnl tsl CMTia Ella(KNT AD TIE MIN- ... .
Lerae /r/N^tt lad rin ZdadAe A. The Low" va��e l be tar it 1n TY T1f ln4 Q Pr her tw _
T w,aE Or. lessor seal sea to AIL drlr* tla Lose"
is r>N Oaf," or dead at the office oT ao lvr'0 F. L evme of pe(tult has occurred y VaP er and i■
SO Lessor a Ina WI4t•• may frog tin to 1[rAaTi
wrb1e ri ttouc term, a WarrantlNI If any esW'esa•d oe .
each ether place and will naosornrs at Ire first n thO eontituirm, all psRaetlrne• i1 end INaN eANlarlLas
rlr d.sfauta In will l I In rdrdtla A nfd thereof ter m 'd Isptled with ftsotce to the CW �' In emrmetim .
era iernt Date ore sat 7 reesi nod Lea+ca to obtain the cult-Ofty aarYfcN fun ll�., cola nmdr
s,bsegsnt dot" set forth In Sdiodrlo A. will
)i05�'
from the ds dot•rill base interests llnt With aerA Yrr.neles at L,asidw's mow•• , caRafntY salt d
date. Except IWcch W arrY aarY/1cLVar s fot Lsssor.
later then belt <1O) dears for tM r of the Ev+SP�'t. t�has lade, ro
1 hishArSt ls" rate /anon tnm f� oblintim leasoe t° atpi ne the orates the
eatly pyavidad In tett`mhe�•� Perform It o1 its other ly acynotttedre tf+sa Nssor
make LM law l+ayasn Itlarol In all lataee uoW'asa aetur • of the
eke the I Iterelrldar rill be ebao"t' and utcuno otlans or carcrTiias inetsrae'nr os to the aslattynw or
(or Sublet
reason yutaomrt lncludlp, mi th- the smerkt. llty el s.dn Warrant
avaanto and Nll not be sepjaet to any setoff. L&Fwv;4, ewnIeon EWSP°tJnl• f- of W seaarf ,
evy
cute. or raontlweatfal lean at the E4nPmant to ea d.11(var!�tN l)rdslra Lesoaa shall nary wnrclss0
oat llolratiad on, aalhantiora, breakdowns or 'S. PJ7llri Wei[tells idad In Eectlm 20 Lar,ot. to the
Inatatid, any Y av4 opeident, e01fterTifm Ce ueforaaamn its ptrrhw .
In Na Fq,rlFaett�w emasw+abiy believes tsMdrlreG the Lwaa expiration or earlier Lrt:at its aoloisan�ma LNatri^
ei�.�=--"�••- ai( (:�.� P_;'�^ Isuhad p..,enf, Losses to I_—, Peeked for 01posm, -
obtalned suf lie/ant to ratRs it rill tb oil thimpsef1-t and eptiat. rattan the fZt: ant Iffutlw and f"10d Drops"
lsra and hereby covane a FIN sorsrfacturer'a seta
la aide. IKtnd- creel to " lor�tlm in the eWtttnmtal ln(td SvtN
Within Its Pomer to chtaln,Lee"
Pa aro Pwa e
Isrram fush from t111tf, the each p Pants tot extent rmuw.ry designated W Lessor. .
ire arising Prorfalcne for suds paten of drt,lnlro fading,
In eaeh lAdYet seAasl tied for Lhe pn+Pss tim of the 6. I".pp2CMIAilOR is' tus0li: A-L1iSTEMid. Nln the nvw'nt
vo1r0 its bor,fl�beat ear ssto sar` hie d0nistrativ+ fated and budpated w ,.
portion of the butet to Ira arnyth icy contained In thus Lease �Wcan�y'in on/ fILCA1
r,irs aFnd to in the ercnt Lr_h w ,ts for ro fls+de a irntrft{dealt }by a
pvlels and seers are othen,iee urwilable b/ ar1Y ad" What,
LaLw. Late" Milt la•
not approrm)• It is lnaee`s ..Iff Ln tYpt to sa al table Therefor and perjW for Leave Psyae. ar to ai lass� In trltlry o/ ash octllr-
iht full Lease Term If bads is fruit the use of the Equi son srdi,t1tY Isltlf11 Lessor' last day of the 1lacat
in that r,M" Lesset represents
and ecano•ic opera Fence end this lease "tI teolnsto �received are we Without _
la essential to it pea tPrrt� 0-4 Intard Jut the obtiWr'tim a( id for Which OWIPrf et{taco have N to EI) the 0•rtipp or
Lessor sad LESSON Less Peyacnts hareander 01 ooratitYte • cur- per tty or raPrrOe to Lessee. nfow
teases to PRY be Corot Fad to Lease veY.enta iie^In e9 reed tP>t for rhfdt lusts shall Iwo (nett
Font e+pmsa of loose sad abaft net in ar,y nary ta,dsettd or ore othwwlN a'aielsts�Feet*
Da ■ done of Losses In omt,e.entSm of oral• efp5teabl° crrrs;th appropriated and
recent Cored, i s other obliwt(oro and Liabilities plea terninatim. In the
ttsitation ar requl or acertdM or arising pima to, a+dn yea` srrratdet
Lintel at stabrtory not shall erryth s. ilr'da or Lots" @noes to ye m the date
creation of irdvbtedneaa b/ l yesrxsl Lon revefsre 5cx,nto�of such terairotl cot to Lessor Of its ass{1ect
besets mreNeuto • Pladto d Pcssessim of the LW'PsRn r art forth In Section S boreal
scones of I"$". if Leeaca eo of verb terairatfm in Wo east {title rights and reed(—
. 3- pELIYBeT iM PAXEPL WE. Losses, or, and lessor Mitt hens aft legal am NotwithetsdinR the fare/lo'
i t to be deliverad f1 to take possession of the Equipar^ 1 this Lease and this
Falsests, Lesser. Will erne the E4r Pa' t Lan+' that it mitt not cant
teases at the location sPeenTitM to Sefwdr� �`C^"i�' ins, l�te a� (1) it's provisions forflhei ooatfs'"an'
It t1wd ar ocher costa, Lease tarmlruta udar
Wit' Y red foftsllatim fated to It 1 W or other tqul plant of
!I t ), LITSr"d in c tioetlml with LM dullrrny r ore so,e+ N nW+Y ttlan arc al LM E4iia+ra't of the .
yr ( � Lessee Will accrpe the c nPeen Ill evldtrrce retrn[Im or cQr lug similar to th, maser lam sold
of The EquiPmffK. atiornl. Letsee aatylces PtrtorniM fnanct period in dnldn each teraivt rid, ,
i It be, lean dotivcred and is �r eseM lrV ad delivering to i t tar (M ({scat Per tedlrV tlscat P
Its atnVta^Ce of tM etslf�ent by uri- EIVIV ' for the neat aunt priority In
Lessor • eel Delivery ar'd Aeeeptsnrx Certificate (In the far+ tea here otnrrmisa occurred of the Less- Tetra give tx '.
of rfel Seery of tla EWipacnt• and (,i) that It WILL rot rota irg tl IustivallY siailer spiP
.+i dcd W Le'aar') Yt Nis three dais agrees it. aw St.tim of luwhn to or/ oth r t, fir{lnr to the Mat ivra
and cspacf ty meld M rant or to e.tc" Per.fors.irq
•. . [. DI=Ar= OF 1of , size,
least, achn°'rebKs
1 shot the EWij, cot is of a ai:e, design
. I Duty IM-Floricia rnvlas editloa say NOT be lacd -
P.06
313 3% 3783
RFR —1993 ]3:IJ8 EXHIBIT "Bit
f
r•0 e,A,vs row rod
t l:�h .� 13 1 , .. larn�s.•1 a1: per u. r�.t•+1 a�q,.,.✓
tr jvd so 00 Lo rro•fI Arid
to Iulthsol' Wre10'. :aYf
1 t. 1>•ia •acti.i:•.....cl nrlt I.
la.gee rill •wa eNe e••v ,a.^nP't.
al the fMr [+•.' other .Va'(s,rnt .casor•t (>r for -
porstt leas•• to termerI fist '+v o/ •rp' 7C. KII Lit I[7 s- --
b Ie , rerht .x odltrr fuetltem ales tar to %no fvataharm ore the tl.r• it'Qo•••wnta .. 1.11"Atiarn, rhth to orw d ltoro.sea^t+
to ahft see• r.rltLtn Cv"ltnt unt", agYll to the Er iPor•t.
or remit•• parteit In teraiatva Prmsltod Its Werstaky f widlart ^.sm9•
/r11ipant, rod, 1/ Nf• Least the fl"ot ter M reJdllY reo'•i
[Iona Iwsre •prMa that "frm trr'air.atlm r� it te'/ t rail rot be rLre•tV
aM fiscal (yrlod In Aich ath ire the me it. IKST)OI: IstPfCtt17• Ida Cvr�pt•e Ltoct, ItL {zrt�ata.L ..
}ollwim lomea, raft err otAas'fa+ U°ra1 t tor,fists 91 ralllrlq
rill rot •o (endue•. or "suites. free rR, i1 the E3r'c.e^ the lW'it'•nt Lot"' wt t'wut
from vYnasoR•bly
nl W, uOh at1tN e4an tDVlsMts hb I��ord tt rill b• It cat Wet first volt rot b•
i IF3. Leswm rtpre• . t rrf{Len11 enter V•v oatn�t
/. 16 P1n]�1.�)� of the date hrree aUt6t�1: rli�b�Etta to tIAI hWe t0 tRPttt
larronts w rfaMeld. laaaar
sat<s, ,vW"sr't Cetq it) Llaw loe+ttm on elar�e^are Les ern and C'W'%lon.
1 the Ls" TM CO. lu rI ofaY the [grip•^[ a tine
rites dr ro )ttut aaLdlrt•Im tkelitod tf • the FattyP�R fray aid
if l7 tamTlnnad poi Clintail Intro- Las« shell keep - '
[lo• IwrCvtler eormtituts Bali Wtlav Ismad on U. lll6 Aso IIhIISIam M ert�rsRn e,eept te°" ta'te�
ivislm thersot, staff fm fras o1 all tart e.
auto or a Political @tad Wilt Csmllty for trisa1 to clser this L•at•. Leaeaa shell p•Y• toss^ don, all charges
Is
nt der lead radar this le@e undertej t•l) W1dh My rlor or here•
{reda@ tastes trtdrr sectloa 16) o�Chatrl tNvl ll do or [M (lout. east. .sal rr"I. sale, Ia:rWS@. '
Iaderal s acandad (ohs 'Cods'). a>-tv ad katp fire t the urrsrsetl p. lei kttdine horarer• ell Uaea
c at
b darn ell thltys rree.••rY to � (b) laf•'•'tf ti+r of the [putfatCtt. falls to {><P said ..
arms� tole Le•..f �ay�ed t . IKetm. If Ltssaa
and •}Ieet (er) tb she Lasses 0 lessors but rWed Mt. Pay said
Cut s fore• dallvvrY eats Dar'f t1on harn.tlth, sal °r or taaen whon d,ra, lessor tar/. shalt relshrs• lessor I-
(1t) the eaeeaR:oA. duesaatnks getrtad In toa'a°� the Dal lr- Cfl.rye, end In K_.h _vent, Lasses by
i
this le••• °red {dndule A her• or tun With Interest at tha " 'Ar ate Data of
0' V
ItelhdfrO, rf ttrout llmltstim, ferred to in tootim 3 hereof �r en d,mrd, b'/ Lessor to Care date of air
@1nd floCgataY• unif Iczte n is •het' be Wlilm"Y law from the date of here^ I•-.— �'. .
(t)1/ lass• toeathar with ell stKff tlocsarat . ha,tm Wt•FamMft yry las•ee.
lY n1aR+d to herein as the •LraaWDon�tut of the Las••: �TgVC1Ila. Las•• serastes, •t�
1 rift
yat)theff sod by •li r1Kea•txY acts ormtituts • IWi• v time Im, alid led t)_ RISK of rise: paairta: from art/ a:Wsta
Leave PoawanTo rldl tnforsifle In rocoraa'er With of Isms ,f or dome• to the to that Caulk rear oa(sac at t e ...
(111) mllo•tim of t" t•aera tat order•, perms s- lass of or ail a Cheroot @Yell rNf r less•of the
blro1N tiw tlnml: Cie) no 90 arks^ arm r«Vi red to b •red no .r1tfi a or abo @rrr oth@r dil spa• . ..
their eytmalt•, F,PPror.to or r82wrl+atlrna rmptired to [tor Lett tarn• • or to perform
floss atn[la+ Co. daclantlnm Ora obll9atlon IC sake lea" Pin thaevent
M dsN)•mi, In emd trr�vl
to ry
ab[•Irted sand no r'oeim with CIr yycaalis, nd dallvar'yl•nfS tlo tIo order this Lowe
)asdl is that
Poore the to the coat
be filed In ctorfact Lass ha sulllclent apltnPr @ra other Equipment. of awry Irnlran" raoort'" applied s of [Quiparif 1/
Loss pathetic (v) ell Leer PIP" ri) the With thf Prce•Ldt nee that only pair, Lome". •t the
other11 of "liable tb �rx� 11e"1 PW,cd: ( e repo fr. if lessor It, deal _ _ with like
sommL lost. stollen. dastrIns 1 tr• hosed beepla _
t b1, Less" la yl am rl to ad rill b
um of tlx [4d � � try Laitmm of tare or t�FyiDls •cW°s°f oP't lax^ of Leash', ails or el tlfar )(trf tt* Mull t. t !� older
I, limited to Lhe P ist nt with the Peas' Ipmsnt :n oo°d ll aswrta titan or•d b/ Ls•s CIO - ..
} taeeL turn of Ls (vca; IO pert Ion cf the FWipeatl riled m pap lessor: (I) t due m suds date. f, .
1psee • •utter tread• hr Isml� this lease. Inetudirq the lase• Pepaatt om 1tr1b 1n
_. .t..art that
lr s IrdlractlY Sn ay—& rail{) no Port{an of the M aaotatt a4mf to Cie aRrl r..c P Cc t Ds[r.P 1^ tb_aeva....wrec h ..
ro.,, t1dMr than Lt V:• — Ilad in vs,. eta w:.. - C ._- - _ _
by rrv. will t» used by •n •teartlatl on de@cr tltfR• sd'.duls A tAigh of the
i a^d CIs) this Lase does not tam Leaee is obi iq@ted to nmu such paY@t`a` fLgrlPmar, Lessor
Sol Cc) (3) of the Cole at lit
(b) rbpra With respect to lea th ts mount of the loess Per•att
an arbifra9Le tbliyyatlm Within the"4 within tthe meanin[IM Will provide Loss" With t t b t� by there with renpact to
Cod, sad is not feder•l1Y fFaa the Cor twins PaYaaf tared the avast of loss.
o•ctlon 149(b) of the Coda. in paean *halt dribstance as eat orth which fur w/
opinion of Lasse••s coaaal ui foratr� hereto or otherwi" the E4ifraett is if load
rill _min par*
in Cat form of opinion of ahem of the [quip, 1l KISMAL plto•EFn. She d,,nattto b afflaed a eo
attadaad
(pYtpre,bla to Lector. dated the data o1 IA, WMA•'that • gmstim property and wilt not b thereof. if reolrat/d by L@ea°r.
In the srmtL awl prepe tuildirg interest
sent ParnuJM to s@etian 3 bereol. political orb ilvlatm, furnish • wail t In
Losses toaw" L[uMcstcu[c•i 1poWeri of sttor»p r..l heist• cr L ' a• Mri's at interest in srM •�
prismill �vDlor , letter in I' vfll. t from sRev P°fry
in eta D,'n
to outs application to the Inarrol Rrrasrt Wont ataN a Wildira. slMoin at all
ry1111p with ae(Wct to the isam. will, at its afpmm•, _
tin and "tmfad Public
arstptaneo of the F((ullrerft b/ ri. Imo- t to the EgtiP-
d Tlnz To mnrw 1- "Pent
rill vest in tionet During the ry drag)• {arra'tte WI od With
hoe,
team" Mt.tader, title to the equipmaff lfablllty y such risks. Or
with mdt {ractrere
rR rld.to raga this Leese: p'o'ti rlLd• stair t0 caxr rn0 er rl th Less"., prior Wit*
subject to le"Or t t tmdR•tion of this l�aN ,,A to moot In t; @rants. to lessor. et. ell suds risks. In ^o
tut (1) 1n the vraf shall b "clef rectory of the
a long a such '�na't of oetault it t� crr,M't. "Y "lt-ltnlry •o°Ire•c low t� dro nwlt
Suet/m o harass, f11) upon option We t to Such Eo}rlptatt -
Default hereuder, and L [het the p+dta" rill the irare-ace limits Car ras9oe iro��lor, -
crsrliruita, err (lit) In rife aver title lap [that sWlicsble Ccncl ulfn7 Parytertt ad pep rrf �piiluri re-
. rot Doi' saerelset polo' to the Enpiretiron 00" file rill errrtt of Ic li.tlilit 1lodily I,Iwy _.
t In Lessor ion of the In the test p3i1 0001[500.
DDo
IJtely vat In aypl� property rlrl•ea•irmtrrace wit Ft dl set Cm roWla•
Ind Lesaoe shall iamedtately u+arfrderK forty iR ere
Lessee a Its aa.atond" In the mm t.MtI4)(b) 01 the Elori Witt
Statutes l s�
Egri hoot to Lessor srvntt0 �t�tirrta)� Each iraurartce policy rill afar lnsee
in • wrafut at�C Ltyo• or its taajifn• s •^ addtf0 i9inl Lats�Or°r to
and
Section S haf•eaf. the lrewr
. I V. ISF) (apA(>tt. Lessee Will rase the Cq.liPta't of Ifte I'm and irfro a Waitron roTies of ail
ton �.t the smrtlfsoturaa• Ion, Will Cmtatn • clw arty 50) [Lys 'nation There-
far Me Ipe eorm.•Y•`t with ell tom, ordinr+ces, tn- asslgrna at leas of tac11 )totI Y err the t7nt l• to Lessee
1 Less" shall Cep Y tvlatlM Lo the po@stas of � lie WI
ll D• M)+b
p4ares Potiut srid .rmMe °f the EwiPlanrt* °rt�r tard eiter In. Proftit Res me theta tntv+va taY r. uPo^
to
eexpo,w rill bap the Eglap+rt in toad and
lr+aor or it act
Juty Igw-Florlds Previraa edititza ray RUT be treed
P.07
3,3 390 37B3
n pR-05-1993 13:09
i
I
)
.._. ...r
s<eptrrce e1 lls. [".dams,[ �^�.. + men n.aurrca mew. - or cr.d�trf, •[vitro « 01 1l ui at tAc ;slnasrK of • mOrr wo ite
.. sW ar ll ,deter off d W ere ur
dote, Lassos rill ad ir.r to las.W • anh/,tale en oveu� ••, trhmtw, ,umefim w
turf, Irurawa. In tw Wrrnt scat (".w hr coon psrmhtted to ewer,•- y, • pelhti.a. l.r vanl is Mad W Lessee urlder any
aalf.beers, lessee rill furrith lesfar r•tn a latter w tar- 6wePlty, it"olyerel, rcoramhaation ar s,ailar lave, W a
litirat• to a.rn affect. In th. evmrr[ 01 any t> , daaaoa, ),litlm In, or a proceeding rdw, wry bmarmtey, ir,DIVIWIY.
I nJ,ay or arritln.t ImOirlrg the [4fPm.rt, lacaa• .;It pramotly teor-Q•hl tat non or wrmhtar la+ is 1'(ed or Instituted against
rS ldo Laney vlth witfwh Mflca ". .l am nary ayell.bLe to Lessee and is not dis,siased or fully Stated Yithin twurty (201
lessor sit Information Ind dxhaarrs•lion n.1•ting tl,rafo and drys after t're filing « iratituttm thareal) (y) leeaar felts to
VW
Awl{ Irnmlt Leta« to tartictpate and c4cvware With I. in Mae any Pnewt 1&.,. .tw or fails to tarter, or mssecre any ,
wooing srf cloiv tar Insurance in respect t+r.ot. ct�Mapressent r«on. Obligatrtion with nwwnt to bl�r cur can affiliate by It ie .
16. Ll=E•S Ra1Q7Q. leases Trams all Hsu art flab,- leamnr And wry rlFyticmle grace period or notice with respect �.
liti". .hother a not covered by Inacrardefeate, for Iowa or dage thereto $hall non b elapmid Or en r, W give (vi) an attachment.
to wry EPdpaint rd for w "
injury or Oasts Of wry prtn or d'. w leery or emtlm la thrf+tarrd ar levied LOOen or aalrra[ [1w
to any property, ern ~ __h Injury W death is, wllh restsc-t to egriparnt. t. -
agents ar "WO/eea of le&sae W to third Wit", and whether of m Evat of Default. aM f
a,ah preperey ,Amara to bw Less"'s prWwl y ar 00 prammy of to gee" such
l[viv LM orefaultoo { ^
other•. Jioh I$ lxoaimstalY ea'sad by the ragllgart eaiOut o1 K Lary N such C.R1L a} Default Is wrtiruiry. lessor cosy, et
ltaate, fts rvfflpro, spl Oyeee or ogent•. Lawson, hard'/ sm. Its up. "arclN cry am W men, of lire fellorlro fi to as r.•
,I wawa rrspars/riling far and agrees to raisouaw, Lessor for all (I) by Written notim to Le now, declare m avert r,Uwl b Ott
liabilities, obtpet{men, Irwlaea, densities. penalties, claim, asants then d.rr lrrdr W tare, and sit t omining later Petals S
i "Ilons, costa mud eeim ors (Including epocs•dto aticrTwy'o Orr during st y due yew o Lesses a on t tti 6s awl l ol'gWr1
saes) of wrrtsoo.sr kind and news, ispowd on, Incurred by W to b fewdietelY des aid peyfDl e, eher'e„n,shh the e 'hall rues
Kaertod Molnst lessor that 1n very •my relate to or aHx out immediately due errd payable: (11) b)' wltten rgtts to t1hsWs
o1 a claim, salt or pnoordiry trsod In WoLe w In part LPM quest Lefae, TO (wd Lesses aortas tint it Wilt), at Losses
the rwgllgmt conduct of LKfw, its Officers, atplwyeat or oapa,a. post ty return the Equipatit to Leasor in the Over sat
events, to the nosiness permitted by law. forth In Section S hereof, ce Lattice. Ot its rytim, MY enter
ugmi the prowipa where the E¢ilpma t is locvted and take tamadl-
that loeaor'a prior w n .
If. 1dA0mIR- IIIritten taut, *If pooaeaalon we of and rfa the see lean the
(III) "it or l the
Lessee Alit rot either (1) Kalpn, eras shah plecbe, hspoilWr- Epslp•rnt Or eobl•amo it for the accent at Leaves, hoLdiro LOS&"
its
fec-
rJia, grant my aaeirity InterKt In W otherwise, dispose M 11aM• far all info Ielwwsb and other ps/amnIr 4• b r t e dig-
- this L. Or the Ea PIPsIa or serf Interest in this Leatm or tiva date ,r such selling, laeslle or anloms o red for the dig•
04 wisws or (%I) imbt•t ar tend to Iqa ilissw W wrwit it fellow betreah the purchase price, ra.mal and other "amass plc
to to used bin mr)vs other than Le " W Lamaism'■ employes". by the prrinwr. lOaeae Of sbteasoe PrmuwK to asa:h "to' to@"
Lessor w asslrn Its rights, title and interact In and to this W "blew am the "daunts Otsert,tw pWable by 1Lama�MrvAdsr)
t La.w, t1.O Cgaliaata rd erg ifoas,whtm "ecusa with raetrct to and (fora eeatels try other right, remedy pr �• .
this Lease ardor wrwrL ar nation a searltv, Interest wilds In this t aysnt is Colt pewte a r Marlon fan of Me stab polre the r
I lease Ord won Equip l , in whole W In pert, and Loaaw•o Etyipgnt le that located or wry otlrt f)plieably lea or Pe'ocetl
rights rill b eabiordlr,id tharato. Any such asmilrmes shall by aipr�fatO cart action to finfrree the Terms Of this less ar
bsve oil of the rights of Lessor vdmr this Less. Abject to to recomr devours for the 6newdn of this Lomas or to resoled this ^,
If, foregoing, Isla loses fnura to Off bersl It of Ord to bird- Leese as to erg' or all of ties Equlpwast. In oddltfm, ltamee Will
imp ra Lp OWN atmoeeeorr and a two Of " portles tw"to. rwr vesn
fn liable for aft cota and I-Kim Ittea "der this Lose
_ ,��. .. _..is and crew not to effort alelnat the a i9g W for •Il level fad ord olsOr co_urenM eRernaK, Ircludlrg
of
wary claim W defanaee W way of abttswant setoff, nau terclalm. court coals. Eraurrwi t7
rva,psart w the like wtM tosser sal' liw,a agatrot Lueror. any of the rferdn" tinted oboae W ant' Odw rwrdY aewillat+lo To
Loon wfgrwet of Lecoor's Into mts herein, Lave a r wilt cane L"wr.
such wi"ah hotioa of s awsiiinso" to be sent TO lasses whidh upon for written tactics
milt be sWflolont If it diwloons the rrsv Of the eNipsw and Tg- PURCRAK writ al- thirty (30) days prior
from Lessew to Lassior,
asr tactSanl Witt b ragnredt by Lwcar or bylLoaNe to evl� trfu t. Or "t wWrnt which withnotice Wt taws of tIm,er wd both.
DNrelt, tics assisting, LKsin will Iigo
dace the ocal, our I, ) rtam a Les Witt aclawledw sss"nch fp* could b"ove an Eymt of
ants In ,riling 1f so r.rp,ssted. Less" shall retain sit the right to prchue the Equipment On any Lease Prymwht dart got
notices of mwlw— aridmslmoin a book-entry eeeord (N forth In Sel,odelr A hereto by paying to leaser, on such cite, the -
relrrred to In Section 21) which Idwltifl" each aew of L"- Leeks PWa•nt then des towthO with the Concluding Paymsenn m t
rw's Interest in the Leese. upon Lessee's receipt of written set forth In Schedule A opposite AXIS detf, Llpml "tisfactirn by
notice at Lemr'a assignment of all or say,part of Its intol f laces of srL puathasr emditiaw, tv wa, rill transfer any and
any fneh •
tsar,, lewtoe ages" tO "mom to W scoops,zee It of Its right, title and interest in the EgLApsnt to Le""
1n T1, t K
easigrwm ea too owner of Lesvor's interest In thin Leave, Ord fa, vnihar Yarranty, Pa)rKa W implied, euapt Later rill
Lessee shall tsereetor mob Suo paymanta, Inducing without wrrerrt that tee Equipment is free and clear of any liar created i
Limitation Fxh Lease payasnts, as era Indicated in the macs by Lamor-
of asalsmht, to such asst)nae.
27- SAE 11531V11O1; fI)allafg. The parties maw that Leaser
iEl NpfE Of OEF)tlT- the term -c mt Of Defult,- " used m riclude from Federal crass freer the lnterest portion Of each
herein, sees the ocuorrwce Of any a, Or Tarr of the lollo.- Lease PayQ+t xt forth In EdiOtlule A order the colirrs capglasd
ire hints (1) Loi•,r fells to mate any Leasr POnat (W any "Interest Portion.-
other psyornt) K it b,eOoes due in mmordls= with the tares lesaes coysanta that It rill (1) yogi stet this loose and
o1 this Leone, and awry such failure contlnesor ten f (10) dye trarslara tlwaeof in accadmrOe With section 1lg(a) of the bads
aft[t the Ous rote Merpl) (f 1) Le&iee fail& to perfara or and III* regulation► Tfi r .ir, (if) tidy fi1O a statewrtrt With
cbecrya ay, other covm,nt, cmrditim, or adresert to be lair- respect to this lraehe C In due ) not rigid fora In asct the property
ty fie with
famed or obwehvd by it hcreurder and such f 1turm to rot cured section(hf&ttaaso[alb a fly ter redirect ly Load for atprfn y tf -
within twenty (M) days after written notice thereof by Leoworl by
(III) the discovery by Leaanr that erg atatewwnt, repreacinta- businesa sae within the rats I a/ aKtlm iG1 of the r�Intthe
tim, Or Wvtrmrty made by taw in this Lee or In any writ)ry not take any action Which rsmelb, d1r rots bsi n sec or t indirectly,
*bts from -
aver del lvered by Leseam Pursuant hereto or in Cons. son hash- Interest portlon of any l bse PVYMM M
with Wail fain, mistmddna, or cir a W
aheo, in ry metwial federal era n
s irrmae praat to section 103 of the CodeInixo oed Wfil .
respect; t(I) Leese �,�ona mteslm a&slrFmm�T TW is eV,e to ea rli result. And
(its yerooi• wwyy actionl Af h rreexuA st tin this Los"
hamalaU. rd
Jelly IM-Florfda Prrrvlotm rvll Tlare MY WT b used
I
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RPR-05-1993 13: 10 313 390 TM ..
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i
1 2t. W t=lnfi LAJ. lhia Laote Nall l>t,,a:t raw 1n a,r�Orarcr
fraa and s N• nta tart of the ttats of tAe Feud Prtt
.�aaoebla acti0l r'�ta permt this seeaa Of Vith•
ILL rog Ory a'bitroW obi fwgf t u:Nin the withinenlngi LOtatim.
batrwLr ta7 w bash in Cr
�. (*llYift 6 rlAl{D a11al;If. L*11liar d Vi ll em*Wto
'n Dr
t.ctim 1ta of tM Cad or (b) t�l tvls�ariolN iM nrllOt � otMr dolvwrta and Infx-
MMine Of eattlm LLG of the OWe. n.• Obli■atima Pravi• t.d hi, Lttear.
.:� an,Ntlm > aP1 rc[Im 01 that lwa.a. eMlirr r•rei ne- ptovidf. ~ r�.it'. u Vlth roeaPaCt t0 the SraraK•
erd far in or i-ti 21 a I,, tarviw adi autlm at ara fe nit LNw• ry
-i tam Or tapiratfm. tion tgrtatpl atad try
.i 7d. t■11ir am"f�■T: IwlYfa• 1M lMY DOttarnta Gostitir•
adrlaf. Alt ratites to to eirtn tra)rr Mla laov shalt to the Isms
If lwl mi 1. ro'tivn "'of tettwn the panlae bite rewdlf
tw rape In rrt[Irs and wil.n M cKr sK fo'h herein the antlre yres+nt
ats Pair{d In rttlrp frn• of th• tr}a and this teats Wlt robot to �t�of ltss�R�arid
roloKtd, to the OtMr fan'SY ■t Its ■ elterrd. w dwred e•t'tK b tiro wi[tm tarsal Ibitad bV tar
or at such emroes m the P-TY to he" bee+ fafm o1 this Lease }oiad to be trod
ilia [o tam. AM aLXh nOtics aAall is dead laver. Arty Vrc" _
remVIF to flue d/ra me ant t0 mi l ins. dull fA Iran/Kttw to f1r aatMt OI Ata:# Little, h wi igir td NOut
by LCNW
.. m[ Intadsd anir lxearA W leaser of vow ter4 coveranc w cmdttim taar+Df
a_ SMLM 'MINIM AIL a+ldl w aura not t baean N't brcwh6tir the
ss a raver of s+Y rAe�am��t � d
are taro the cvrvtn falm Of this Lease. atoll not Optros
to daflm or Itaalt the aupe M arrr Prow
day of � ' 1992 - -
l■ YITQfS Yi47[Df. the, part," he, "oLned this AtrOaa+it as of the _. -
IEIIiW 1 ftr+d(lots Credit CaiR1K
Its:cr. a..Pi.fag,YQ���
4J� °r
flri : y it[te: nomogram Pmjwt
f Nna°er
op
Title: ` ;,,•
w1urm OF cmatm -
prwastl (�LONW) dAtod _. 1942 mo and btlran#swab tab -
L~��m entltY L+dar Sacttm� T Interval aavasr t°d■ d 1916. M
YIM regs'tt to that tsrealn f i4 mmmt kit rracsaae7 ■etim an tea
Lane, 1 r of the Opinlan gl,% LIBLemorti Is I Lae
Wforweoa ty fasten Of tM teats tit bof Ldu„tm &njori�blln aecor'M grS tfi iu tibia
-.__._� a�:.:Mi tTl, .►. a:<trtian, iklivey - LTI slid and bindin delay ..^_ _.. m suits. procad(s9a ar itneftiwii,t r -
Part of teaaae) (110 tM Lem■ emostiid.: to arc [rasa it.) .• lit .� r
arld all sutt■mts cartaintd in tM Laws aril all related rq Lrte" at Iwr or in ro)fltY. ur betorc tb• lay ant'tl�rs0^ f
ty detatedncd, rmld have a Pterial ad,," effect m the trarsoctim eontnrPln� .
pvdiro ar, to q troliledue. thraetaied ePirot a aiyfectiM tAtaN, is not
It, agency or lmtnnarlulity Mid• It ad+'M its obliitions udar the Ltna ard eta for Ian d ar/ l'anL utdsr MM
abl Llty Of lessee to Pert far the deferred psataw Price of Property TO biddinry -
in the Lore Or the t Of taarrDisd pereY. tfoidd have the
aa■t atKh Mteet; nod (v) ail re4rird consents,
otrala
DW tyatim tQ Na Da)r^ or in tht AWrMate teases and no awortam+tal orders, to fiteom, Oonant`�� ida
Jesse a5rcem+rlt taich either irof the
eft foltmtd by ird to to till in tWrMet
prteedm" re■ardiria tM arrd d tM Lease il+ve fatrartfam or bcl■r■tiors w ra9u
or "thoriartiore am r Wired to be obtained
aA m r'M L�
ea•tvtlm and deliwrY Of the I~. �Q -
AttDrmy for k.
SXWIE Onty
i 1
i
A
.. auly 1992'florl0s Prevlova edition" pay WI bt Used
�s
P.09 '
313 390 3783
peR-05-1993 13:11
j
"j:1 1:]: /"\: •- >`I •.,n ..••f - rillVl : ii -� '1: :� . .11 .1 j
ILMERCM.E47
tiK The certain Equips:ent Lease-Purchase Agreement by and between Ford Motor Credit
Company ('Lessor') and ('Lessee°), dated as of 19_ (the "Lease') is hereby acende as follows: '
A. Lessee has not issued, and reasonably anticipates that it and
s;r ' 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 cleaning of Section 265(b)(3) of the Internal Revenue Code
of 1986, as amended, (%odo'); 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.
B. The parties assume and intend that this Agreement Mill qualify
as a 'qualified tax-exempt obligation' within the meaning of
Section 2GS(b)(3)(B) of the Code. In the event that Lessor,
its assignees or sub-assignees either (i) receive notice 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 the otherwise applicable exception
set forth in Section 265(b)(3) of the Code is not available,
then Lessee shall pay Lessor, its assignees or sub-assignees,
as the case may be, within thirty (30) days after receiving
notice from Lessor of such determination, the amount which,
with respect to, rental payments previously paid, will restore .
the after-tax yield on the transaction evidenced by this f
Aarp~nt rn rh_*- Which- a?d h:va been had such 8xcepiion � . - .._. ._ ..
been available, and pay as additional rent on succeeding rent j
payment due dates such amount as will maintain such after-tax
yield.
i
Except as amended hereby, the Lease shall otherwise remain unchanged and in full
force and effect.
IN MIiNESS HHhREOF, the parties have executed this Amendment as of the
day of , 19 .
LESSEE: LESSOR: Ford Motor%`Cr� Company
Title: Title:
i
I Ik
Yy .
/1PR 05-1993 13 11 313 390 37B3 P.10
_I fit' veb
K xrw..• a-i .�
Jtm•
1...✓ `�../ Page 1
FQRTPMFNr TFASF.-PURCHASE A.CB£U
i Loose No.
i
or
Thls &qutyaent Schedule dated as of , 17_, is being executed by Ford is be
(•�■■ee•) , as a supplement to, and is hereby
CzedltP°11Y ('Lesaore) , and . .
attached to end made a part of clot certain Equipment Loris-purchase Agrees tto tLesase of
17 (•►■name•) , between Lessor and lAssee. Lessor hereby
under and PPur1uant to the Lassos and Lessee hereby accepts and leases from Lessor under and
nditions
anti purn"ntt ,to the:J�x'ms set fothcbclow ecmlp[ollortngrtcev as and P Equipment:
forth !n the Iwsse i
QUANTITY DESCRil*TION (lSANUYACIVRER, MODEL AND SERIAL N0.) SUPPLIER
Serial Numbers:
j EQUIPMENT LOCATION:
Initial Tarn: Months Commoncemont Data: ,+a
Coaseeucive Monthly Payments of $ each (including
Periodic Rent: of $ due under this
interest) followed by one final payment
Lease-Purchean Agreement_ The Periodic Rent Payment also include any
applicable salon/use tax due and payable on the Leass Payment Dates, set
forth in Scludule A, Page 2.
EXECUTED as of the data first herein set forth.
T.ESSOR: Ford Moto Credit Company
LESSEE:
By:
By: A. Carlson
Title: Business Project Naaager
Title:
313 390 3783 P.11
'.. � qPR-05-1993 13:12
j <<3
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fchasula At"�'✓�
7 aleent cChcdnle :.ente y,ybe r:
Lease Leate
LnQ
Payment pgeeot Lease ltteica. VPartlo=l C Vny�zt
pa eeC pnCClor. l•OLC30L
. scaber Dote n
SO.00 SO.DO
3 1 / 1 / 19v3 SO-oD SO.DO 0.00 C.
2 7 / 1 /1993 C.00 0.00
a.00 0.0o 0.00
3 ] / 1 /199] 0.00 0.00
4 / 1 /1f93 0.00 0-00
O.QO 0.00 0.00
5 / 1 /1993 0.00 0.00 0.00
6 6 / 1 /1993 0.00 C. 0.00 0.00
• 7 7 / 1 /1993 0.00 0.000 0.00 0.00
j 0 5 / 1 /199J 0.00 0.
9 / 1 /1993 CAD 0.000 0.00 0.00
O.CO O.Oc 0.co 0.00
10 10 / 1 /1993 ().Cc 0.DO 0.00
11 L2 I 1 /1993 0.00 C. 0.00
32 32 / 1 /1993 0.00 0.00
1 / 1 /1994 0.00
0.00 0.00
13 0.00
0.00 0.00 0• 0.00
u 2 / 1 /1914 0.00 0.0000 0.00
13 3 / 1 /1994 0.00 0.00
0.00 0.00 0.00
16 4, / 1 11994 0.00 0.00
17 6 / 1 /1991 0.00 0.00 0.00 0.00 �..
16 6 / 1 /1994 0.00 0.00 I'
0.00 0.00 0.00 0.00
19 7 / 1 /1991 000 0.00 -
20 6 / 1 /1994 0.00 0.00 .0.00 0.00 !-i
21 ! / I / 0.00
1994 0.00 0.0.00 o0 0.00
22 10 / 1 /1994 0.000.00 0.00 0.00 �'_•
23 11 / 1 /1994 0.00 0.00 0.00 ,)
24 12 / 1 /1994 0.00- 0.00 0.00 0.00
" 25 1 i 1 /1995 0.00 0.00 o.00 0.00
1 26 2 / 1 /1996 O.oo 0.00
0.00 C.00 0.00
27 3 / 1 /1993 0.00 O.CO 0.00 0.00
16 t / 1 /1995 0.00 D.00 0400
29 5 / 2 tills 0.00 D.Do 0.00 0.00
30 6 / 1 /1995 0.00
_ n nn 0.00 0.00 0.00
31 7 / 1 %1Via O.CO 0.00 O.Oo
32 e / 3 /1995 0.00 0.00 0.00
31 9 / 1 /1995 0.00 0.00 O.CD 0.00
- 34 l0 / 1 /1995 0.00 0.00 0.00 R
0.00 0.00 0.00
35 11 / 1 /1995 0.00 0.00 1.00
36 12 / 1 /1995 O.CO .%
4 OTA3S
0.00 0.00 DAD
I�
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P.12
313 390 3783
ppR-05-1993 13:12
a�+
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P. O. Box
Dearborn. Ki' 48171-1139
i
1
W IVFRY AND wCCFPTANCF ['f_gTi FICATF
The underaigned Leaseu hereby acknowledges receipt of the Equipment described below
..� (•Fquipment•) as fully '"stalled and in good working condition: and L.ssee hereby aceepls
the Equipment after tu11 inspection th■tsof as satisfactory for all purposes Of the
Equipment lease-purehaso Agreement ('Le an e') executed by Leasce and Lessor.
i
LEASE LEASE scram= A DELIVERY PORCBA,SS PURCHASE
DATE NiRfB� NUMBER DATE ORDER N0.
EQUIPMENT INFORMATION
DFSCRIPTI09 (t{N.'UgACT0RY8, MODEL Ab"D SERIAL NO.) SUPPLIER
IqUANTTTY
EQUIPMENT WCATION:
.1
BY:
LESSEE: i
51 (Title)
DATE ACCEPTED:
r%
ss TOTAL PAGE.013
313 3?0 3763 P.13
RPR-Ef5-1993 13:13 � .
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