Fort Walton Beach Resolution — 04-32-Fire Pumper Lease Agreement — reading text

Price" listed in this Schedule shall be the amount set forth for such Rental Payment date in the " Purchase addition to al~ column of the Rental Payment Schedule attached to this Schedule. The Purchase Price is in in tj Rental Payments then due under this Schedule ( inciuding the R~nta1 Payment shown on the same line Rental Payment Schedule). and cove] 4. Representations. Warranties and Covenants. Lessee hereby represents, warrants as follows: That its representations, warranties and covenants set forth in the Master Equipment Leasl a) Le true and correct as though made on the date of commencement of Rental Payments on this Schedule. further and warrants that no material adverse represents in Lessee' s financial condition has OCCUl change since the date of the Master Equipment Lease. the e The Lease, The tenns and provisions of the Master Equipment Lease ( other than to 5. that they relate solely to other Schedules or Equipment listed on o~ er Schedules) are hereby incorporatj A- I 004. 23786 4.  o o this Sc? edule by reference and made a part hereof. The maximum Lease Term, subject to quarterly appropriation, is eighty- four ( 84) months. 6. Acquisition Amount. The Acquisition Amount for the Equipment described in this Schedule, to b~ deposited in the Acquisition Fund designated " City of Fort Walton Beach" is $ 299, 948. 00. 7. Acquisition Period. The th . . Acquisition Period applicable to this Schedule shall end at the conclusior of the twelfth ( 12 ) month following the date hereof. Dated: Lessor: Lessee: Bane of America Leasing & Capital, LLC City of Fort Walton Beach 2059 Northlake Parkway, 4th Floor 107 Miracle Strip Parkway Tucker, GA 30084 Fort Walton Beach, FL 32548 Attention: Contract Administration Attention: City Clerk By: By: Title: Title: Seal) Attest: By: Title: 1 04 ?:i7866. 4 A-2  o v Exhibit A-I . Rental Payment Schedule Rental Payment Rental Payment Principal Date Amount Interest Portion Portion Purchase Price* Nov- 12- 04 12, 123, 88 0, 00 12, 123. 88 287, 824. 12 Feb- 12- 05 12, 123. 88 2, 712. 74 , 9, 411.14 . 278, 412. 99 May- 12- 05 12, 123. 88 2, 624. 04 9, 499, 84 268, 913. 15 Aug- 12- 05 12, 123. 88 2, 534. 51 ' 9, 589.37 259, 323. 78 Nov- 12- 05 - 12, 123. 88 2, 444. 13 9, 679, 75 249, 644, 03 Feb- 12- 06 ' 12, 123. 88 2, 352. 89 9, 770.98 239, 873. 05 May- 12- 06 12, 123. 88 2, 260. 80 9, 863. 07 230, 009. 97 Aug- 12- 06 12, 123. 88 2, 167. 84 9, 956, 03 220, 05.3. 94 Nov- 12- 06 12, 123. 88 2, 074. 01 10, 049. 87 210, 004. 07 Feb- 12- 07 12, 123. 88 1, 979. 29 10; 144, 59 199, 859. 48 May- 12- 07 12, 123. 88 1, 883. 68 10,240. 20 189, 619. 28 Aug- 12- 07 12, 123. 88 1, 787. 1.6 10, 336. 72 179, 282. 56 Nov- 12- 07 12, 123. 88 1, 689. 74 1 0,434~14 168, 848. 42 Feb~12- 08 12, 123. 88 1, 591.40 10, 532. 48 158, 315. 94 May- 12- 08 12, 123. 88 1, 492. 13 10, 631.75 147, 684. 19 Aug- 12- 08 12, 123, 88 1, 391.92 10, 731.95 136, 952. 23 Nov- 12- 08 12, 123. 88 1, 290. 77 10, 833. 10 126, 119. 13 F eb- 12- 09 12, 123. 88 1, 188. 67 10, 935. 21 115, 183. 93 ay- 12- 09 12, 123. 88 1, 085. 61 11, 038. 27 104, 145. 66 Aug- 12- 09 12,123. 88 981.57 . 11, 142. 31 . 93, 003. 35 Nov- 12- 09 12, 123. 88 876. 56 11, 247. 32 81, 756. 03 Feb- 12- 10 12, 123. 88 770. 55 11, 353.33 70, 402. 70 May- 12- 10 12, 123. 88 663. 55 11, 460. 33 58, 942. 37 Aug- 12- 10 12, 123. 88 555. 53 11, 568. 35 47, 374. 03 Nov- 12- 10 12, 123. 88 446, 5 11, 677.38 35, 696. 65 Feb- 12- 11 12, 123. 88 . 336. 44 11, 787. 44 23, 909. 21- May- 12- 11 12, 123. 88 225.34 11, 898. 53 12, 010. 68 Aug- 12- 11 12, 123. 88 113. 2 12, 010. 68 0 The Purchase Option Commencement Date shall be November 12, 2004. The Purchase Price payable ( any Rental Payment date is the amount equal to the aggregate principal portion of the remaining Rental A-3  o o Payments after payment of the Rental Payment payable on such Rental Payment Date, and ( ii) on any date other than a Rental Payment date is the ? mount equal to the aggregate principal portion of the remaining Rental Payments plus an amount equal to the interest portion of such Rental Payments accrued thereon to suer date. . For purposes of this Lease, " Taxable Rate," with respect to the interest component of Rental Payments, means an annual rate of interest equal to 5. 880/0. Lessee: City of Fort Walton Beach By: Title: After payment of the applicable Purchase Price, Lessee will own the related Equipment, free and clear of any obligations under the related Lease. i i i i\ 004.237866. 4 A-4