HomeMy WebLinkAboutKansas State Bank-Equipment Lease-Purchase Agrmt - Part ThreeEQUIPMENT TEASE-PURCHASE AGREEMENT PART THREE
DATED SEPTEMBER 10, 2015
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This Equipment Lease-Purchase Agreement Part Three (Lease Part 3) between KS StateBank, f.k.a. Kansas State Bank of Manhattan, a Kansas
corporation (Lessor), and the City of Fresno, a California municipal corporat¡on (Lessee), dated September 10, 20L5, will be utilized forthe f¡nancing
of additional vehicles (Equipment).
WHEREAS, Lessee and Lessor desire to use the terms and conditions of the Equipment Lease-Purchase Agreement dated October 10, 2013 (Lease
Part 1)to form the contractual basis for the new financing of additional Equipment (more specifìcally stated on Schedule A-3 and the payment
Schedule attached to this Lease Part 3).
NOW, THEREFORE, the undersigned hereby mutually agree, for consideration the receipt of which is hereby acknowledged, as follows:
1,. Except as stated in #2 below, Lessee and Lessor desire to incorporate all the terms and conditions of Lease Part 1, into Lease Part 3, as the
contractual basis for financing of additional Equipment more specifically listed on Schedule A-3 and the Payment Schedule attached to
this Lease Part 3.
Lessee and Lessor agree that for Lease Part 3, the following terms, all as more fully stated in the Schedules, exhibits and attachments to
Lease Part 3, will be inserted, where appropriate, in lieu of the corresponding Lease Part l terms: Equipment, Rent Payment amount and
dates, finance amount, and contract term, etc. Lessee and Lessor also agree to incorporate for Lease Part 3 these new Schedules to
replace those attached to Lease Part 1:
A. Schedule A-3 and Payment Schedule (to include term and commencement date for new financing)
B. Officer's Certificate
C. Arbitrage and Tax Certificate
D. Resolution/Minutes Authorizing Financing
E. Opinion of Counsel
F. Escrow Agreement & exhibits
G. IRS Form 8038
H. Proof of lnsurance
The security ¡nterests granted to Lessor, whether in Lease Part 1, Lease Par12, or Lease Part 3 will secure the payment of all obligations of
Lessee under Lease Part 1, Lease Part 2, and Lease Part 3.
The commencement date for Lease Part 3 will be September L0, 2015. Payments will be due twice annually, with the last payment due
September I0,2020. Lease Part 1 (including Schedule A and all Exhibits) remains in full force and effect, and is scheduled to continue in
effect until October 10, 2018. Lease Part 2 (including Schedule A-2 and all Exhibits) remains in full force and effect, and is scheduled to
continue in effect until September 26,2079.
All payments under Lease Part 3 will be made by City to: KS StateBank
P.O. Box 69
Manhattan, Kansas 66505-00695.
lN WITNESS WHEREOF, Lessee's undersigned representatives warrant and represent that their Governing Body, either through direct board act¡on
or indirectly through established policies and procedures, has determined that a real need exists for the acquisition ofthe Equipment listed herein,
and it is in Lessee's best interest to enter into this Lease Part 3. The Lessee and Lessor have caused th¡s Lease Part 3 to be duly executed by their
respective officers who have signed below.
City of Fresno, a California mun¡c¡pel corporat¡on as
Lessee
Printed Nâme and Title
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]G StateBank, a Kansas corporat¡on as ¿essor
Printed Name and Ítle
Yvonne Spence, CMC City Clerk as to legal form:
Schedule (03)
SCHEDUTE B-3
OFFICER'S CERTIFICATE
RE: Equipment Lease-Purchase Agreement dated as of September 10, 2015, between KS StateBank (Lessor) and City of Fresno, California
(Lessee)
I, the undersigned, hereby certify that I am a duly qualified representative of Lessee and that I have been given the authority by the governing body
of Lessee to sign this Officer's Certificate with respect to the above referenced Agreement. I hereby certify that:
1. Lessee has appropriated and/or taken other lawful actions necessary to provide moneys sufficient to pay all Rent payments required to be
paid under the Lease during the current Budget Year of Lessee, and such moneys will be applied in payment of all Rent payments due and
payable during such current Budget Year.
2. Lessee has obtained insurance coverage as required under the Lease from an insurer qualified to do business in the State.3. No event or condition that constitutes or would constitute an Event of Default exists as of the date hereof.4' The governing body of Lessee has approved the authorization, execution and delivery of this Lease on its behalf by the authorized
representative of Lessee who signed the Lease.
5. Please list the Source of Funds (Fund ltem in Budget) for the Rent Payments that come due under the Payment Schedule of this Lease part 3.
Source of Funds : Fleet Fund Appropriations
By signing below, Lessee hereby authorizes the General Fund of the Lessee as a backup source of funds from which the Rent payments can be
made,
Printed Name and'title
Michael Lima, City Controller
Schedule (03)
SCHEDULE C.3
ARBITRAGE AND TAX CERTIFICATE
RE: Equipment Lease-Purchase Agreement dated as of September 10, 2015, between KS StateBank (Lessor) and City of Fresno, California
(Lessee)
l, the undersigned, hereby certify that I am a duly qualified representative of Lessee and that I have been given the authority by the Governing
Body of Lessee to sign the above referenced Lease and this Arbitrage and Tax Certificate with respect thereto. This Certificate is being issued
pursuant to Section 148 of the lnternal Revenue Code of 1986, as amended (the "code"), and Treasury Regulations, Sections 1.103-13, 1.103-14
and1.103-15(the"Regulations"). Thefollowingfacts,estimatesandcircumstancesareinexistenceonthedateofthisCertificateorarereasonably
expected to occur hereafter.
1' The Lease provides for the financing of certain Equipment (the "Equipment") described in Schedule A thereto from Lessor to Lessee. pursuant
to the Lease, Lessee is required to make Rent Payments with respect to the Equipment, comprising principal and interest, on the dates and in
the amounts set forth in the Payment Schedule attached to Schedule A ofthe Lease.
2. Pursuant to the Lease and for the purpose of meeting its obligations thereunder and assuring Lessee of the availability of moneys needed to
pay the cost of the Equipment when due, Lessee, Lessor and Kansas State Bank of Manhattan as Escrow Agent ("Escrow Agent,,) have
executed an Escrow Agreement dated as of september to, 2ot5, (the "Escrow Agreement").
3. The Escrow Agreement provides that Lessor shall deposit $2,957,066.00 into escrow, to be credited to the Equipment Acquisition Fund
created by the Escrow Agreement and held, invested and disbursed with respect to the Equipment as provided therein.4. Lessee and Vendor have entered ¡nto a contract for the acquisition and delivery ofthe Equipment.
5. The Equipment will be acquired and installed with due diligence and, based upon the provisions of the contract described in paragraph 4
hereof, the Equipment will be acquired and installed on or before March 9, 2016. lt is expected that all gross proceeds of the Lease will be
expended on the Equipment no later than this date.
6' All of the spendable proceeds of the Lease will be expended on the Equipment and related expenses within three years from the date of
execution of the Lease and Escrow Agreement.
7 ' The original proceeds of the Lease, and the interest to be earned thereon, do not exceed the amount necessary for the purpose for which the
Lease is issued.
8' The interest of Lessee in the Equipment has not been and is not expected during the term of the Lease to be sold or disposed of by Lessee.9. No sinking fund is expected to be created by Lessee with respect to the Lease and Rent Payments.
10' The Lessee hereby covenants to take all action necessary under the Code and Regulations to ensure that the interest component of the Rent
Payments does not become includable as gross income of the recipient for Federal lncome Tax purposes, including, without limitation,
complying with all requirements of the Code and Regulations relating to the Rebate of Arbitrage profit to the United States of America. lt is
not presently expected that Lessee will earn arbitrage profit on amounts deposited in the Equipment Acquisition Fund.
11' To the best of the knowledge and belief of the undersigned, the expectations of Lessee, as set forth above, are reasonable; and there are no
present facts, estimates and circumstances which would change the foregoing expectations.
Printed Name and T¡tle
Mchael Lima, City Controller
Schedule (03)
SCHEDULE D-3
LESSEE RESOLUTION
RE: Equ¡pment Lease-Purchase Agreement dated as of September 10, 2015, between KS StateBank (Lessor) and c¡ty of Fresno, California
(Lessee)
At a duly called meeting of the Governing Body of the Lessee (as defined in the Lease) held on September 1.0, 2015 the following resolution was
introduced and adopted :
BE lT RESOLVED by the Governing Body of Lessee as follows:
L.Determ¡nat¡on of Need. The Governing Body of Lessee has determined that a true and very real need exists for the acquisition of the
Equipment described on Schedule A-3 of the Equipment Lease-Purchase Agreement Part Three dated as of September 10, 2015, between City
of Fresno, California (Lessee) and KS StateBank (Lessor).
Approval and Authorization' The Governing Body of Lessee has determined that the Lease, substantially in the form presented to this
meet¡ng, is in the best interests of the Lessee for the acquisition of such Equipment, and the Governing Body hereby approves the entering
into of the Lease by the Lessee and hereby designates and authorizes the following person(s) to execute and deliver the Lease on Lessee,s
behalf with such changes thereto as such person(s) deem(s) appropriate, and any related documents, including any Escrow Agreement,
necessary to the consummation ofthe transaction contemplated by the Lease.
Authorized lndividual(s): Michael Lima, City Controller, Karen Bradley, Assistant Controller
(Printed or Printed Name and Title of individual(s) authorized to execute the Lease)
Adoption of Resolut¡on. The signatures below from the designated individuals from the Governing Body of the Lessee evidence the adoption
by the Governing Body of this Resolution.
Signature:?/,r,ls
of secretary,or other member the Governing
Printed Name Yvonne Spence, City Clerk
2
(Pr¡ntedAame and Ïtle of individual who signed directly above)
Attested By:
Printed Name & T¡tle:
of one âdditional person whó can witness the pasiage of this Resolut¡on)
Name of ind¡v¡dual who directly above)
Todd Stermer,Assístant Cíty Clerk
OPINION OF COUNSEL
(Must be Re-typed onto attorney's letterhead)
(Date, must be on or afterthe meeting date listed on Schedule D-3, Lessee Resolution)
KS StateBank
Michael Daniels
1010 Westloop, PO Box 69
Manhattan, KS 66505-0069
RE: Equipment Lease-Purchase Agreement dated as ofSeptember tO,2OL5, between KS StateBank (Lessor) and City of Fresno, California
(Lessee)
Ladies and Gentlemen:
As legal counsel to Lessee, I have examined the foregoing Lease and such other opinions, documents and matters of law as I have deemed
necessary in connection with this Lease. Based on the foregoing, I am ofthe following opinions:
Lessee is a political subdivision of the State of California, or a const¡tuted authority authorized to issue obligations on behalf of a political
subdivision of the State.
Lessee has the requisite power and authority to purchase the Equipment and to execute and deliver the Lease and to perform its obligations
under the Lease. The Lease and the other documents either attached hereto or required herein have been duly authorized, approved and
executed by and on behalf of Lessee, and the Lease is a legal, valid and binding obligation of Lessee enforceable in accordance with its terms.
The authorization, approval and execution ofthe Lease and all other proceedings of Lessee relating to the transactions contemplated thereby
have been performed in accordance with all open meeting laws, public bidding laws and all other applicable state and federal laws.
There is no litigation, action, suit or proceeding pending or before any court, administrative agency, arbitrator or governmental body that
challenges the authority of the Lessee or any of the Lessee's officers or employees to enter into the Leases.
The above opinion is for the sole benefit of the Lessor listed above and can only be relied upon by the Lessor or any permitted assignee or
subassignee or successor of Lessor under the Lease.
S¡gnature of Legal Counsel
2.
3
4.
ESCROW AGREEMENT
THls AGREEMENT, made and entered into as of september 10, 2015, by and among Ks stateBank, (Hereinafter referred to âs the Escrow Agent), Ks stateBank, a Kânsas corporat¡on duly
(Here¡nafter referred to as the Lessee):
Section 1. Rec¡tals.
Lessee has â8reed to finance and purchase the Equipment from Lessor, in the manner and on the terms set forth in the Lease
1.02. Th¡sAgreementisnotintendedtoalterorchangeinanywaytherightsandobl¡gat¡onsofLessorandLesseeundertheLease,but¡sent¡relysupplementalthereto.
1.03' Thetermscap¡tal¡zed¡nth¡sAgreementbutnotdefinedhereinshallhavethemean¡ngsgiventothem¡ntheLease.
pr¡ncipal amount ofthe Lease.
item of Equipment shall be paid solely from the amount depos¡ted w¡th the Escrow Agent as described ¡n sect¡on 1.04 hereof, in accordânce with th¡s Agreement.
any Contractor w¡th respect thereto or under the Lease by reason of anyth¡ng contained in this Agreement
affÌxed hereto.
separate and apart from all other funds and moneys held by it, and shalf adm¡nister such Equipment Acquisition Fund as prov¡ded in this sect¡on 3 hereof.
in the Equipment Acqu¡sition Fund to pay the Equipment cost of each item of Equipment subiect to the Lease, upon receipt w¡th respect thereto of a paymeni Request and Equ¡pment
Equipment Acceptance Form w¡th respect to any item of Equipment, an amount equal to the Equipment Cost as shown therein shall be paid d¡rfftly to the person or ent¡ty ent¡fled to
checked against this s¡gnature card by the Escrow Agent. The Lessor may elect to independentlv ver¡fy the representat¡ons of the Lessee on the payment Request and EquipmentAcceptanceForm lftheLessordoesnotmakesuchelect¡onthentheEscrowAgent¡sâllowedtore¡yonsuchsignaturesandsuchstatementsasprovidedforherein.
accrued ¡nterest to the Lessee either by check or by applying the amount to the next payment.
persons or entit¡es to wh¡ch they are paid, or the suffìciency of the moneys credited to the Equ¡pment Acquis¡t¡on Fund to make the payments herein required.
renewal event under the Lease, then the Escrow Agent shall immediately remit to Lessor the remaining balance of the Equipment Acquisition Fund.
the Equipment Acquis¡t¡on Fund for the time per¡ods and ¡n the amounts as follows: lmmed¡ately; 52,957,066.00.
RequestandEqu¡pmentAcceptanceForm. Forpurposesofthissect¡on,thedownpaymentfundscommittedtowardstheEqu¡pmentfromtheLessee¿rethedownpaymentfundsthatwere
represented to the Lessor at the time this transaction was submitted for credit approval by the Lessee to the Lessor.
Section 3, Monevs in Eouionent Acouis¡tion Fund: lnvestment.
Lessee or Lessor.
made that would câuse the Lease to be deemed an "arbitrage bond" within the mean¡ng of section 148(a) of the tnternal Revenue code of 1986, as amended.
rece¡ved on such ¡nvestments shall be cred¡ted to the Fund.
in connection with any investment moneys made bv it in accordânce with this Section.
good fa¡th, bel¡eved to be genuine, may assume the validity and accuracy of any statement or assertion contained ¡n such a wr¡ting or ¡nstrument, and may assume that any person
same; and ¡ts duties hereunder shall be limited to those spec¡f¡cally provided here¡n.
which it may be threatened by reason of its act¡ng as Escrow Agent under this Agreement; and in connect¡on therew¡th, to ¡ndemnify the Escrow Agent aga¡nst any and all expenses,
and charges shall be fully paid.
judgment ¡n such action ¡s received.
otherwise not be liable for any mistakes or facts or errors ofjudgment, or for any acts or omiss¡ons of any kind unless caused by ¡ts willful misconduct.
addit¡onald¡sbursementmadethereafter. TheEscrowAgent'sfeeshallbepayableuponexecut¡onofthisAgreement.
Section 6. Chanqe of Escrow Aqent.
Escrow Agent under th¡s Agreement, upon agreement of the parties hereto. Such substitut¡on shall not be deemed to affect the r¡ghts or obl¡gat¡ons of the part¡es. Upon any such
substitution, the Escrow Agent agrees to ass¡gn to such substitute Escrow Agent ¡ts r¡ghts under this Agreement.
Escrow Agent shall have been or are approved by Lessee and Lessor.
any other act¡on which may be desirable or necessary.
the agent of either of them, at any time during regular business hours.
ma¡l in reg¡stered form, with postage fully prepaid.
7.03. ThisAgreementshallbeconstruedandgovernedinaccordancew¡ththelawsofthestateof.
to whom Lessor has assigned its right to rece¡ve Rent Payments under the Lease and any payments due to Lessor hereunder from and after the date when a duplicate original of such
assignment is filed w¡th the Escrow Agent.
7'06' ThisAgreeme{aYbesimultaneouslyexecutedinseveralcounterparts,eachofwh¡chshall beanoriginal andall ofwhichshall constitutebutoneandthesameAgreement.
7.07. This terminate upon d¡sbursement by the Escrow Agent of all moneys held by it hereunder
IN WITNESS have executed th¡s Agreement as ofthe day and year first wr¡tten above.
Agent
President/General Counsel
Printed Name and .l.itle
Printed Name and Title
EXHIBIT A
SIGNATURE CARD
RE: Escrow Agreement dated as of September 1O 2015, between KS StateBank (Lessor), KS StateBank (Escrow Agent) and City of Fresno,
California (Lessee)
The below signatures will be used for purposes of verifying the signature on a Payment Request and Equipment Acceptance Form prior to mak¡ng
payments from the Equipment Acquisition Fund. By signing below, the undersigned represents and warrants that s/he has received all appropriate
authority from the City of Fresno, California.
S¡gnoture of additionol outhorized individuol (optionøl) ol Lessee
Printed Name and Title
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D
SCHEDULE A-3
Dated as of September 70,2075
This Lease Schedule A-3 (this "Schedule") relates to the Equipment Lease-Purchase Agreement Part
Three referenced below and, together with the terms and conditions of the Lease incorporated herein
by reference, constitutes a Lease. Unless otherwise defined herein, capitalized terms will have the same
meaning described to them in the Lease.
Equipment Lease-Purchase Agreement Part Three dated September 10, 2015 ("Commencement Date")
1.Equipment Description. As used in the Lease, "Equipment" means all of the property described
in the Payment Schedule attached to this Schedule and all attachments, additions, accessions,
parts, repairs, improvements, modifications, replacements and substitutions thereon and
thereto.
Rent Payments; Leose Term. The Rent Payments to be paid by Lessee to Lessor, the
Commencement Date of this Lease and the Lease Term of this Lease are set forth on the
Payment Schedule attached to this Schedule.
Essential Use; Current lntent of Lessee. Lessee represents that (a) the use of the Equipment is
essential to Lessee's proper, efficient and economic functioning or to the services that Lessee
provides to it citizens, (b) the Equipment will be used by Lessee only for the purpose of
performing its governmental or proprietary functions consistent with the permissible scope of
its authority and will not be used in a trade or business of any person or entity, and (c) the
useful life of the Equipment is not less than the stated full Lease Term of this Lease. Lessee has
determined that a present need exists for the Equipment which need is not temporary or
expected to diminish in the near future. Lessee currently intends for the full Lease Term: to use
the Equipment, to cont¡nue this Lease; and to make Rent Payments so long as funds are
appropriated by its governing body for the succeeding fiscal year.
Re-Affirmation of the Lease Representations, Warranties and Covenants. Lessee hereby
represents, warrants and covenants that its representations, warranties and covenants set forth
in the Lease (particularly Sections 6.1 and L6 thereof) are true and correct as though made on
the date of executions of this Schedule.
PAYMENT SCHEDULE A-3
Attached to and made part of Lease Part 3 dated as of September L0, 2075 by and between KS
StateBank, f.k.a. Kansas State Bank of Manhattan, as Lessor, and City of Fresno, as Lessee,
Commencement Date: September I0, 2O\5
L. EQUIPMENT LOCATION & DESCRIPTION:
2. LEASE PAYMENT SCHEDUL
(a) Total Amount Financed: 52,957,066.00 (Purchase Price)
(b) Payment Schedule:
Rent Pmt
No.
Rent
PaVment
Date
Rent
Payment
Amount
lnterest
Portion
Principal
Portion
Termination
Value*
I
2
3
4
5
6
7
8
9
10
10-Mar-16
10-Sep-16
10-Mar-17
10-Sep-L7
1-0-Mar-L8
10-Sep-L8
L0-Mar-19
10-Sep-19
10-Mar-20
10-Sep-20
S323,960.00
S323,960.00
$323,960.00
S323,950.00
s323,960.00
$323,960.00
S323,960.00
s323,960.00
s323,960.00
s323,960.00
s50,107.48
54s,461.0s
540,747.99
$:s,g+s.gs
S31,068.61
$26,105.57
s21,058.43
515,92s.76
iLo,7o6.t2
Ss,3gg.o¡
5273,852.52
5278,492.95
5283,212.0!
S288,011.04
S292,891.39
5297,854.43
5302,901.57
S308,034.24
S313,253.88
S318,561.97
52,739,465.28
52,450,L59.52
$2,L51,L94.04
5L,860,s22.s4
S1,s60,098.1s
S1,255,873.39
S947,800.19
S635,829,86
5319,913.11
So,oo
CITY OF FRESNO, a California municipal
Title: Citv Controller
ATTEST:
KS STATEBANK, a Kansas corporatíon as Lessor
'r-!'.o-È, Title: Vice President & General Counsel
o g f.i:.ì
By: +
Name: Yvonne Spence
lil,ìrR0
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EXHIBIT B
PAYMENT REQUEST AND EQUIPMENT ACCEPTANCE FORM
RE: Escrow Agreement dated as of September 10, 2015, between KS StateBenk (Lessor), KS StateBank (Escrow Agent) and City of Fresno,
California ([essee)
ln accordance with Section 2.02, by executing this Payment Request and Equipment Acceptance Form the Lessee hereby represents that the Payee
or Payees listed below who are requesting payment have delivered the Equipment or a port¡on of the Equipment or performed the services to the
satisfaction of the Lessee and that the amounts requested below by the Payee or Payees are proportionate with the value of the Equipment
delivered or services rendered by the Payee or Payees. The Lessee hereby represents and warrants for all purposes that:
1. Pursuant to the invoice attached hereto, the amount to be disbursed is S
contract between Lessee and Vendor.
and this amount ¡s consistent with the
2. Payment is to be made to: Payee:
The undersigned certifies that the following documents are attached to this Payment Request and Equipment Acceptance Form when there is
a request for a release of funds from the Equipment Acquisition Fund to pay for a portion, or all, of the Equipment: (1) lnvoice from the
Vendor, (2) copy ofthe contract between Lessee and Vendor (if requested by the Lessor), (3) lnsurance Certificate (if applicable), (4) front and
back copy of the original MSO/Title listing and/or its ass¡gns as the first lien holder (if applicable). By execut¡ng this Payment Request and
Equipment Acceptance Form and attaching the documents as required above, the Lessee shall be deemed to have accepted this portion of the
Equipment for all purposes under the Lease, including, without limitation, the obligation of Lessee to make the Rent Payments with respect
thereto ¡n a proportionate amount of the total Rent Payment.
No amount listed in this Exhibit was included in any such Exhibit previously submitted.
Each disbursement hereby requested has been incurred and is a proper charge against the Equ¡pment Acquisition Fund. No amount hereby
requested to be disbursed will be paid to Lessee as reimbursement for any expenditure paid by Lessee more than 60 days prior to the date of
execution and delivery of the Lease.
The Equipment referenced in the attached has been delivered, installed, inspected and tested as necessary and in accordance with Lessee's
specifications and accepted for all purposes.
That Lessee is or will be the title owner to the Equipment referenced in the attached, and that in the event that any third party makes a claim
to such title that Lessee will take all measures necessary to secure title including, without limitation, the appropriation of additional funds to
secure title to such Equipment, or a portion thereof, and keep the Lease in full force and effect. Furthermore, Lessee has obtained insurance
coverage as required under the Lease from an insurer qualified to do business in the State.
Lessee has appropriated and/or taken other lawful actions necessary to provide moneys sufficient to pay all Rent Payments required to be
paid under the Lease during the current Budget Year of Lessee, and such moneys will be applied in payment of all Rent Payments due and
payable during such current Budget Year.
No event or condition that const¡tutes or would constitute an Event of Default exists as of the date hereof.
l, the undersigned, hereby certify that I am a duly qualified representative of Lessee and that I have been given the authority by the governing body
of Lessee to sign this Payment Request and Equipment Acceptance Form.
Please fonruard this document and any correspondence relating to vendor payment to:
kkuckelman@ksstatebank.com
or Fax: (785) 587-4016
Please call (8771 587-4054 if you have any questions.
4
5
6
7
8.
9.
City of Fresno, California
EXHIBIT C
LESSEE ACKNOWLEDGEMENT
RE: Escrow Agreement dated as of September lQ 2015, between KS StateBank (Lessor), KS StateBank (Escrow Agent) and City of Fresno,
California (lessee]
Lessee hereby acknowledges that it has ordered or caused to be ordered the equipment that is the subject ofthe above-mentioned Lease.
Please complete the below information, attach another page if necessary
Vendor Name: McPeek's Dodge ofAnaheim
Phone: (7I4l.254-2673
Contact Person: Kevin Buzzard
Equipment: Dodge Charger Vehicles
Amount of Equipment: Est. S1,400,000.00
Vendor Name: LehrAuto
Phone: (916) 646-6626
Contact Person: Jim Stommel
Equipment: Police car upfit hardware
Amount of Equipment: Est. 5500,000.00; some items still to be bid
Vendor Name: Cooks Communication
Contact Person: Derek Marchini
Equipment: Kenwood radios and radio accessories
Amount of Equipment: S175,000.00; some items still need to be bid
Vendor Name: Farney Automotive
Phone: (559) 896-4121
Contact Person: Ken Patillo
Equipment: Police SUVs, utility truck chassis, pick ups
Amount of Equipment: $720,000.00; some items still need to be bid
VendorName: Hen¡raldtMotorsports
Phone: 1866)697-7779
Contact Person: Matt Herwaldt
Equipment: BMW Police Motorcycles
Amount of Equipment: 5350,000.00; units still to be bid
Lessee will immediately not¡fy Lessor ¡f any of the ¡nformat¡on listed above is changed.
SCHEDUTE D
RE: EsfiowAgfeement dated as of September 10, 2015, beh^reen KS StateBank (Lessor), KS StateBank (Escrow Agènt) and City of Fresno,
California (Lessee)
KS StateBank, Escrow Agent
1010 Westloop, P.O. Box69
Manhatta n, Ka nsas 66505-0069
KS StateBank, Lessor
1010 Westloop, P,O. Box 69
Manhatta n, Kansas 66505-0069
City of Frèsno, Câlifornia, Lessèe
2600 Fresno Street
Fresno, Califôrnia 93721