Fort Walton Beach Resolution — 2021-04--Lease Purchase Agreement — reading text

26 24 Proceeds used for bond issuance costs( including underwriters' discount) 24 25 Proceeds used for credit enhancement 25 26 Proceeds allocated to reasonably required reserve or replacement fund 26 27 Proceeds used to refund prior tax- exempt bonds. Complete Part V . . 27 28 Proceeds used to refund prior taxable bonds. Complete Part V . . . 28 29 Total( add lines 24 through 28) P9 30 Nonrefunding proceeds of the issue( subtract line 29 from line 23 and enter amount here) . . 30 999, 320 26 Part V Description of Refunded Bonds. Complete this part only for refunding bonds. 31 Enter the remaining weighted average maturity of the tax- exempt bonds to be refunded . . . years 32 Enter the remaining weighted average maturity of the taxable bonds to be refunded . . . . years 33 Enter the last date on which the refunded tax- exempt bonds will be called( MM/ DD/ YYYY) . . 34 Enter the date( s) the refunded bonds were issued ( MM/ DD/ YYYY) For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63773S Form 8038- G( Rev. 9- 2018) Form 8038- G( Rev. 9- 2018) Page 2 Part VI Miscellaneous 35 Enter the amount of the state volume cap allocated to the issue under section 141( b)( 5) . . . . 35 36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract GIC). See instructions 36a b Enter the final maturity date of the GIC( MM/ DD/ YYYY) c Enter the name of the GIC provider 37 Pooled financings: Enter the amount of the proceeds of this issue that are to be used to make loans to other governmental units 37 38a If this issue is a loan made from the proceeds of another tax- exempt issue, check box and enter the following information: b Enter the date of the master pool bond( MM/ DD/ YYYY) c Enter the EIN of the issuer of the master pool bond d Enter the name of the issuer of the master pool bond 39 If the issuer has designated the issue under section 265(b)( 3)( B)( i)( III)( small issuer exception), check box . . . 2 40 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box 41 a If the issuer has identified a hedge, check here and enter the following information: b Name of hedge provider c Type of hedge d Term of hedge 42 If the issuer has superintegrated the hedge, check box 43 If the issuer has established written procedures to ensure that all nonqualified bonds of this issue are remediated according to the requirements under the Code and Regulations( see instructions), check box 44 If the issuer has established written procedures to monitor the requirements of section 148, check box 45a If some portion of the proceeds was used to reimburse expenditures, check here E and enter the amount of reimbursement b Enter the date the official intent was adopted( MM/ DD/ YYYY) Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge Signature and belief, they are true, correct, and complete. I further declare that I consent to the IRS' s disclosure of the issuer' s return information, as necessary to process this re n, to the person that I have authorized above. and Consent 7 /` s/ ) 2o / Kim M. Barnes, City Clerk Signtur of issuer' s authorized representative Date Type or print name and title Paid Print/ Ty preparer' s name Preparer' s signature Date Check if PTIN self- employed Preparer Firm' s name 10. Firm' s EIN Use Only Firm' s address Phone no. Form 8038- G( Rev. 9- 2018)  EQUIPMENT SCHEDULE NO. 2021- 01 RE: Equipment Schedule No. 2021- 01 to Master Equipment Lease- Purchase Agreement dated as of May 25, 2021, between Hancock Whitney Bank, as Lessor, and the City of Fort Walton Beach, Florida, as Lessee THIS EQUIPMENT SCHEDULE No. 2021- 01 dated May 25, 2021 ( this " Equipment Schedule") incorporates the terms and conditions of the Master Equipment Lease- Purchase Agreement described above( the " Master Agreement"). Upon execution of this Equipment Schedule, the Equipment ( as defined below) shall be subject to the terms and conditions contained herein and the terms and conditions contained in the Master Agreement that are hereby incorporated into this Equipment Schedule by this reference and made a part hereof. This Equipment Schedule( inclusive of all the terms and conditions of the Master Agreement incorporated herein by reference) shall constitute a separate lease- purchase agreement between Lessor and Lessee ( hereinafter the " Lease"). Capitalized terms used herein but not defined shall have the meaning ascribed thereto in the Master Agreement. Section 1. Scheduled Term. The scheduled term of this Lease ( the " Scheduled Term") shall commence on May 26, 2021 ( the " Commencement Date"), which is either ( a) the date on which Lessor disburses funds at Lessee' s direction to pay the supplier or suppliers of the Equipment described in the Delivery and Acceptance Certificate delivered to Lessor with respect to such Equipment or ( b) the date on which Lessor deposits funds into an Escrow Fund created and administered under an Escrow Agreement pursuant to Section 8 of the Master Agreement to pay costs to acquire and install the Equipment. The Scheduled Term shall consist of the period from the Commencement Date until the end of Lessee' s fiscal year in effect at such Commencement Date and thereafter the number of consecutive renewal terms each having a duration of one year that is coextensive with each successive fiscal year of Lessee, provided that the final such renewal term shall commence on the first day of the last fiscal year and end on the first business day after the last scheduled Rental Payment due date, subject to earlier termination by Lessee as provided in Section 4 or Section 15 of the Master Agreement or by Lessor as provided in Section 20 of the Master Agreement. Section 2. Optional Prepayment Commencement Date. Pursuant to Section 15( b) of the Master Agreement, Lessee shall have the option to purchase the Equipment on any Rental Payment due date under this Lease on or after November 26, 2022 ( the " Optional Prepayment Commencement Date") for the amount set forth for such Rental Payment due date under the column titled " Prepayment Amount" in the Rental Payment Schedule provided below. The Prepayment Amount is in addition to all Rental Payments then due under the Rental Payment Schedule( including the Rental Payment shown on the same line in the Rental Payment Schedule). Section 3. Rental Payment Schedule.Lessee shall pay to Lessor Rental Payments for the Equipment in accordance with the following schedule, subject to adjustment upon the occurrence of any event of taxability as described in Section 17 of the Master Agreement: form of equipment schedule 4812- 3237- 6909 v10 2229615  PRINCIPAL INTEREST TOTAL RENTAL PREPAYMENT DATE DUE COMPONENT COMPONENT PAYMENT DUE AMOUNT* 6/ 26/ 2021 $ 27, 087. 16 $ 1, 368. 23 28, 455. 39 N/ A 7/ 26/ 2021 $ 27, 167. 18 $ 1, 288. 21 28, 455. 39 N/ A 8/ 26/ 2021 $ 27, 161. 44 $ 1, 293. 95 28, 455. 39 N/ A 9/ 26/ 2021 $ 27, 198. 62 $ 1, 256. 77 28, 455. 39 N/ A 10/ 26/ 2021 $ 27, 275. 21 $ 1, 180. 18 28, 455. 39 N/ A 11/ 26/ 2021 $ 27, 273. 21 $ 1, 182. 18 28, 455. 39 N/ A 12/ 26/ 2021 $ 27, 347. 48 $ 1, 107. 91 28, 455. 39 N/ A 1/ 26/ 2022 $ 27, 347. 99 $ 1, 107. 40 28, 455. 39 N/ A 2/ 26/ 2022 $ 27, 385. 44 $ 1, 069. 95 28, 455. 39 N/ A 3/ 26/ 2022 $ 27, 522. 85 932. 54 28, 455. 39 N/ A 4/ 26/ 2022 $ 27, 460. 62 994. 77 28, 455. 39 N/ A 5/ 26/ 2022 $ 27, 529. 09 926. 30 28, 455. 39 N/ A 6/ 26/ 2022 $ 27, 535. 91 919. 48 28, 455. 39 N/ A 7/ 26/ 2022 $ 27, 602. 05 853. 34 28, 455. 39 N/ A 8/ 26/ 2022