Loading...
HomeMy WebLinkAboutPitney Bowes Contract # 02.05.03.06 INDIANA BOND BANK RESOLUTION OF THE BOARD OF DIRECTORS OF THE INDIANA BOND BANK AUTHORIZING THE DISPOSITION OF CERTAIN QUALIFIED OBLIGATIONS RELATED TO THE INDIANA BOND BANK SPECIAL PROGRAM BONDS (CARMEL JUNIOR WATERWORKS PROJECT),SERIES 2008 B,APPROVING CERTAIN DOCUMENTS RELATED THERETO AND APPROVING OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the Indiana Bond Bank (the "Bond Bank") is a public body corporate and politic of the State of Indiana (the "State") created and existing under the authority of Indiana Code 5-1.5, as amended (the "Act"), for the purpose of purchasing and selling "securities" and making loans to "qualified entities" (as those terms are defined in the Act) located within the State;and WHEREAS, the Bond Bank has previously issued its Special Program Bonds (Carmel Junior Waterworks Project), Series 2008 B (Current Interest Bonds), dated September 22, 2008, in the original aggregate principal of$63,770,000 (the "2008 IBB Bonds"), pursuant to a Trust Indenture,dated as of September I, 2008 (the "Indenture"), between the Bond Bank and Wells Fargo Bank, N.A., as trustee (the "Trustee"), for the principal purposes of: (a) providing funds for the purchase from the City of Carmel, Indiana(the "Qualified Entity")of the City of Carmel, Indiana, Junior Waterworks Revenue Bonds of 2008 (Current Interest Bonds), in the original aggregate principal amount of$64,020,000 (the "2008 QE Bonds");(b) paying a portion of the premium for a financial guaranty insurance policy; and (c) paying costs of issuance and other costs related to the 2008 IBB Bonds;and WHEREAS, the 2008 IBB Bonds maturing on or after June I, 2019, are subject to optional redemption prior to maturity on any date on or after June 1, 2018 (the "Redemption Date"), with a redemption price equal to the principal amount of the 2008 IBB Bonds to be redeemed, plus accrued interest to the Redemption Date, and without any redemption premium; and WHEREAS, the 2008 IBB Bonds are currently outstanding in the aggregate principal amount of approximately $59,745,000, and due to favorable market conditions, the Qualified Entity desires to effect an advance refunding of all or a portion of the outstanding 2008 IBB Bonds maturing on or after June 1,2017(collectively,the"Refunded Bonds")in order to effect a savings in the interest costs associated with the Refunded Bond and thereby the interest costs associated with its 2008 QE Bonds;and WHEREAS, the Bond Bank has received a request from the Qualified Entity that the Bond Bank (a) sell the 2008 QE Bonds to The City of Carmel Local Public Improvement Bond Bank (the "Carmel Bond Bank"), and (b) use the proceeds from the sale of such securities to establish an irrevocable escrow account, to be held in trust by the Trustee, in order to effect an advance refunding of the Refunded Bonds and pay the fees,expenses and incidental costs of the Bond Bank incurred as a result of such transaction; and 1 I�. counsel, with such changes in form or substance as the officers of the Bond Bank executing the same may hereafter approve. 5. On behalf of the Bond Bank, the Chair or the Vice Chair is authorized to execute and deliver, and the Executive Director is authorized to attest, the Escrow Agreement and the Disposition Agreement, together with such other documents, instruments and certificates as may be necessary,appropriate or desirable in connection with the Disposition Program. 6. The forms of the Escrow Agreement and the Disposition Agreement attached hereto or described herein and approved, adopted and authorized hereby are substantially final forms, and the Bond Bank hereby authorizes the Chair or Vice Chair and the Executive Director to approve such changes in, or the form or substance of, such instruments and documents as may be necessary or appropriate to accomplish the purposes of this Resolution, with any such approval to be conclusively evidenced by the authorized execution of such instruments or documents. 7. The Chair and the Executive Director, together with such other staff members, service providers, and firms as the Chair or the Executive Director may direct, are hereby authorized and directed to use the proceeds of the sale of the 2008 QE Bonds and other monies available to finance and implement the Refunding and the Disposition Program, including the purchase of securities in the manner provided by the Act and the Indenture,as the case may be. 8. The Bond Bank hereby approves and confirms the following parties to act in their respective capacities in connection with the Disposition Program: (i) Barnes & Thornburg LLP, as counsel to the Bond Bank; (ii) Crowe Horwath LLP, as financial advisor and verification agent to the Bond Bank (the "Financial Advisor"); and (iii) such other staff members, service providers and firms as the Executive Director may hereafter determine to be necessary,desirable or appropriate to in connection with the Disposition Program (collectively, the "Financing Team"). 9. The Chair, the Executive Director and the Financing Team are each hereby authorized and directed to take any and all other actions and to execute such additional documents and instruments on behalf of the Bond Bank as may be necessary, appropriate or desirable to implement the Disposition Program and the Refunding and carry out the purposes of this Resolution in accordance with the Act,the Indenture and this Resolution. 3 doyrk-ar-M--w.05.d 3, wil0 Pitney Bowes f 60 m I I 1 1 1 I 14 1 1 I STATE AND LOCAL GOVERNMENT TERM RENTAL AGREEMENT O Your Business information CAN # ORDER # I 're �- I EMAIL ADDRESS FULL LEGAL NAME OF RENTER ('/'�Y Of L'4 rrvle/ �p DBA NAME cm, CQ 1'roe_ STATE r J��/ BIWNG ADDRESS of/J C I Vi ". S�ttar C }�_ J�, ZIP+4 14106 S . PHONE#`311 ) 67 l' 9-to 00 CONTACT NAME 1>ri JSP 13 I Si 0 1 SEND INVOICE TO ATEN OF EQUIPMENT LOCATION(IF NOT SAME AS ABOVE) CITY STATE I ZIP+4 CREDIT CARD# EXP DATE y NAME ON CARD TYPE TAX EXEMPT# SALES TAX{IF APPLICABLE) FISCAL PERIOD FROM TO RENTER PO it . APPROVED, AS TO FORM RY:C. C--;:t° Your Business Needs }� �/nun p��}���y���� �.. Ya '� �' , 1 a .y T `�¢c' - bv' r `: CHECy BE I ■OU PERIOD PAYME1f - d .7.r '�{�� '�,yb�`�� � �. 4� 'L'i�.i.�` i a VALW��TO E f t� Y- 1 .s. - a,.cst .. s'•`�'� _v , ,.. y<z '� gw �,,.{• On Rental A,a r__ ._off Equipment Maintenance Agreement © 8-1 Pi y ' 0 ' K-Y L tc-Buara Agreement 1■@�T%' l frig'.ia 52a • O Software Maltttenant�Agreement i 11111111-- ® Meter On Rental is Payment Schedule /Billing3 Rental Terris and Conditions C/45, By your signature as"Renter"below,you request that we rent to you the equipment described above or on any schedule Your Payment Plan attached hereto(the"Equipment")for essential governmental purposes In consideration of your payment to us of the amounts set forth in the Payment Schedule,subject to the terms and conditions provided in this Agreement For purposes of this Initial Rental Term: Agreement,all payments set forth in the Payment Schedule shall be referred to as the"Total Payments." The payments Frequency ❑Monthly 0 Quarterly 0 Other(spicify ) referred to in the Payment Schedule other than the"Final Payment"shall be referred to singularly as a"Period Payment" �/ q and collectively as the"Period Payments."Your offer will be binding on us when we accept it by having an authorized months $.S"a.Q 4j er month employee sign It.All payments hereunder shall be payable only to us at our executive offices unless we direct you First © otherwise in writing. Next months $ per month 1.NON..APPROPRIATION.You warrant that you have funds available to pay the Total Payments until the end of your current fiscal period,and shall use your best efforts to obtain funds to pay the Total Payments in each subsequent fiscal Next months $ Per month period through the end of your Initial Tenn, If your appropriation request to your legislative body,or funding authority ("Governing Body")for funds to pay the Total Payments is denied,you may terminate this Agreement on the last day of the Final Payment $ 100.00 fiscal period for which funds have been appropriated,upon 0)submission of documentation reasonably satisfactory to us evidencing the Governing Body's denial of an appropriation sufficient to continue this Agreement for the next succeeding fiscal period,and(ii)satisfaction of all charges and obligations under this Agreement Incurred through the end of the fiscal Initial Check Amount a$ �" period for which funds have been appropriated,Including the return of the Equipment at your expense. SIGNATURE xis TITLE DATE PRINT NAME !,! I PB ACCOUNT REP NAME Aoki- 1�V/Jt)ALLS EMPLOYEE# 7097 i ry 6 DISTRICT NAME&# inn�I(�/IVO, 03 PB ACCEPTED BY TITLE DATE EXECUTIVE OFFICE: 27 WATERVIEW DR•SHELTON,CT 06484-4361 •EQUIPMENT VENDOR:PITNEY BOWES,INC.•FOR SALES AND SERVICE CALL 1-800-322-8000 WHITE COPY PBCC•PINK COPY PITNEY BOWES INC.•YELLOW COPY CUSTOMER PAGE 1 PB SLR2(8/01) SEE PAGE 2 FOR ADDITIONAL TERMS AND CONDITIONS As/u D 1 pi f ME0nd 1