Okaloosa County BOCC — March 3, 2015 — L10-0372-PW-LeaseDocs — reading text

StateBank _ "' _ &s .,. 1680CHARLESPLACE I r:: 4 54 MANHATTAN, KS 66502 SJ7-::iS?- 0 ,.... \ \...- ~ELEJYEO b'J8-\'~ June 24, 2013 Okaloosa County Board of Commissioners Attn: Public Works Supervisor 1759 S. Ferdon Blvd. Crestview, FL 32536 Re: Lease With Option To Purchase Agreement dated as of June 10, 2010 Contract No. 3342272 Dear Sir or Madam: Please find enclosed a copy of the Exhibit B - Payment Schedule to the contract(s) marked paid for your information and files. Also enclosed are four (4) original certificates of origin for four (4) 2010 Volvo motor graders, an original Affidavit of Correction by ASC Construction Equipment, and four (4) Release of Lien forms releasing the bank's liens. Thank you for allowing Kansas State Bank to assist you with your financial needs. Yours truly, Schela Carlton Government Finance Assistant Enclosure(s) . MEMBERFD1c 1 ~QUALHous1NGLENDER© MANHATTAN I JUNCTION CITY I WICHITA I PHOENIX I ksstatebank.com  Schedule (01) EXHIBIT B PAYMENT SCHEDULE RE: Lease With Option to Purchase Agreement dated as of June 10, 2010, between Kansas State Bank of Manhattan (Lessor) and Okaloosa Countv Board of Commissioners (Lessee) Date of First Payment: Original Balance: Total Number of Payments: Number of Payments Per Year: rn 3 ~Thirty-Seven (37) 607-0/3 .0J"l.S At Closing $651,623.00 Twelve (12) Pmt Due Rental Applied to Applied to *Purchase No. Date Pa)'.ment Interest Princi~al O~tion Price 1 At Closing $6,790.31 $0.00 $6,790.31 Not Available 2 15-Jul-10 $6,790.31 $2,316.03 $4,474.28 $647,751.10 3 15-Aug-10 $6,790.31 $2,299.96 $4,490.35 $643,029.81 4 15-Sep-10 $6,790.31 $2,283.83 $4,506.48 $638,293.44 5 15-0ct-10 $6,790.31 $2,267.64 $4,522.67 $633,541.95 6 15-Nov-10 $6,790.31 $2,251.40 $4,538.91 $628,775.28 7 15-Dec-10 $6,790.31 $2,235.10 $4,555.21 $623,993.38 8 15-Jan-11 $6,790.31 $2,218.74 $4,571.57 $619, 196.21 9 15-Feb-11 $6,790.31 $2,202.32 $4,587.99 $614,383.72 10 15-Mar-11 $6,790.31 $2,185.84 $4,604.47 $609,555.85 11 15-Apr-11 $6,790.31 $2,169.30 $4,621.01 $604,712.56 12 15-May-11 $6,790.31 $2,152.70 $4,637.61 $599,853.80 13 15-Jun-11 $6,790.31 $2,136.05 $4,654.26 $594,979.52 14 15-Jul-11 $6,790.31 $2, 119.33 $4,670.98 $590,089.67 15 15-Aug-11 $6,790.31 $2,102.55 $4,687.76 $585, 184.20 16 15-Sep-11 $6,790.31 $2,085.72 $4,704.59 $580,263.07 17 15-0ct-11 $6,790.31 $2,068.82 $4,721.49 $575,326.22 18 15-Nov-11 $6,790.31 $2,051.86 $4,738.45 $570,373.60 19 15-Dec-11 $6,790.31 $2,034.84 $4,755.47 $565,405.16 20 15-Jan-12 $6,790.31 $2,017.76 $4,772.55 $560,420.85 21 15-Feb-12 $6,790.31 $2,000.62 $4,789.69 $555,420.62 22 15-Mar-12 $6,790.31 $1,983.42 $4,806.89 $550,404.42 23 15-Apr-12 $6,790.31 $1,966.15 $4,824.16 $545,372.19 24 15-May-12 $6,790.31 $1,948.83 $4,841.48 $540,323.89 25 15-Jun-12 $6,790.31 $1,931.44 $4,858.87 $535,259.46 26 15-Jul-12 $6,790.31 $1,913.99 $4,876.32 $530, 178.86 27 15-Aug-12 $6,790.31 $1,896.47 $4,893.84 $525,082.03 28 15-Sep-12 $6,790.31 $1,878.89 $4,911.42 $519,968.92 29 15-0ct-12 $6,790.31 $1,861.25 $4,929.06 $514,839.48 30 15-Nov-12 $6,790.31 $1,843.55 $4,946.76 $509,693.65 31 15-Dec-12 $6,790.31 $1,825.78 $4,964.53 $504,531.39  Schedule (01) EXHIBIT B PAYMENT SCHEDULE {Continued) RE: Lease With Option to Purchase Agreement dated as of June 10, 2010, between Kansas State Bank of Manhattan (Lessor) and Okaloosa County Board of Commissioners (Lessee) Pmt Due Rental Applied to Applied to *Purchase No. Date Pa~ment Interest Princi~al O~tion Price 32 15-Jan-13 $6,790.31 $1,807.95 $4,982.36 $499,352.64 33 15-Feb-13 $6,790.31 $1,790.06 $5,000.25 $494,157.35 34 15-Mar-13 $6,790.31 $1,772.10 $5,018.21 $488,945.46 35 15-Apr-13 $6,790.31 $1,754.07 $5,036.24 $483, 716.92 36 15-May-13 $6,790.31 $1,735.99 $5,054.32 $478,471.68 37 15-Jun-13 $480' 000. 00 $1,717.81 $4 78,282.19 $0.00 of Commissioners i ( he..! I MU. ~"'"'"-"'-·· - . ' *Assumes all Rental Payments due to date are paid  Affidavit of Correction This Affidavit is being made by ASC Construction Equipment and is made in conjunction with the Lease With Option To Purchase Agreement (Agreement) dated as of June I 0, 20 I 0 between Kansas State Bank of Manhattan (Lessor) and Okaloosa County Board of Commissioners (Lessee). The undersigned officer of ASC Construction Equipment hereby represents and warrants as follows: I. The name of the Purchaser listed on the back of the Certificate of Origin for the four (4) 2010 Volvo G930 Motor Graders, SN: 501711, 501712, 501699 & 501710 was listed incorrectly as Kansas State Bank &/Or Its Assigns. No fraud was intended. ~-..--N~~ Sign a tu re of Officer for ASC Construction Equipment --tr-~-------------------- Typed name and Title of Officer: ~~-J-~~e_s~B_r_~~_o_n~'~S-~~~~~~~~~~-~~~~~~~----~ t'\ec \~•IQ ~-=-..._r_._\·\,__~'\.___._C a.....c_._c. ,_,\·~o. . . ...c...__ _ _ _ _ __ County of ~ ':3 ;:::-- Notary Public Signature: .. \ -::.)n State of ...... -<~:+"kt;-:? ____ D.u KC o\'{0 ..... ,c:, Acknowledged Before Me this L3 KD the day of_...,,,.....· ·......1--"-"'e~--------­ Notary Seal My Commission Expires C-:----) - \C\ ·?(';\ L\  1$1 StateBank -· s !o ..._ 1680CHARLESPLACE I r.; 4 54 MANHATTAN, KS 66502 sn-::iBl- 0 RELEASE OF LIEN STATE OF KANSAS, ss. Kansas State Bank, hereby releases their lien on the motor grader owned by Okaloosa County Board of Commissioners, Crestview, Florida, r-- - --- - - - ---------~ -- ------- -------- --- ------·· ----------· 1 I Year: 2010 II I I Make: Volvo I SIN: ----------· 501699 --- -------------~-----------------~--·- ~_J Kai/~~ ~tate Bank of Manhattan By: Aif/i#t£ !?~~ z; Debbie Bylkas, Assistant Vice President Schela JOar1tO;&l<Jotary Public My Commission Expires: August 9, 2014 MEMBER FDIC 1 j::QUAL HOUSING LENDER© MANHATTAN I JUNCTION CITY I WICHITA I PHOENIX I ksstatebank.com  1$1 I StateBank - @$$ ,.... 1680CHARLESPLACE MANHATTAN ' KS 66502 877 587 4054 - - RELEASE OF LIEN STA TE OF KANSAS, ss. Kansas State Bank, hereby releases