HomeMy WebLinkAboutBPW-02-06-02-02 CPD Car Lease RESOLUTION NO. BPW-02-06-02-02
A RESOI,UTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY
APPROVING A LEASE WITH THE INDIANA BOND BANK
FOR THE CARMEI~ POI,ICE DEPARTMENT
WHEREAS, in accordance with the provisions of Indiana Code 5-22, certain bid(s) for the
purchase of the equipment ("Equipment") listed on attached Exhibit A, incorporated herein by this
reference. were received and approved; and,
WHEREAS. the assignment of such bids to the Indiana Bond Bank in accordance with the
provisions of Indiana Code 5-1.5 is in the best interests of the City of Carmel; and
WHEREAS, the Camel Board of Public Works and Safety ("Board") has examined the proposed
master equipment lease agreement between the City of Cannel and the Indiana Bond Bank (the "Lease")
and any supplements ("Supplements") thereto, which Lease and Supplements are attached hereto and
incorporated herein by this reference as Exhibits B and _C, respectively.
NOW, THEREFORE, BE IT RESOLVED by the Board that the Equipment listed on attached
Exhibit A is hereby assigned to the Indiana Bond Bank, that the proposed Lease and Supplements li3r the
Equipment listed on Exhibit A provides for a fair and reasonable rental for the use and enjoyment of such
Equipment by the City of Carmel, and that the execution of the Lease and Supplements is necessary and
wise.
BE IT FURTHER RESOLVED, that the delivery by the Carreel Clerk-Treasurer to the Indiana
Bond Bank of the Lease and Supplements in the form same are presented to and approved by the Boal d
herein is hereby authorized and approved, and the ClerksTreasurer is hereby authorized to execute such
documents related to the Lease and Supplements as are reasonable, lawful. necessary and required in order
to carry out the transactions authorized hereby, the execution of the Lease and required Supplements by
the Board constituting conclusive evidence of such approval.
BE IT FURTHER RESOLVED, that the Clerk-Treasurer is authorized and directed to initial and
date a copy of the Lease, together with any Supplements thereto, and to place the same in the minute book
immediately following the minutes of this meeting, and said Lease and Supplements are made a part of
this Resolution as fully as if the same were set forth herein.
BE 1T FURTHER RESOLVED, that the Clerk-Treasurer is hereby authorized and directed to
execute on behalf of the City of Carmel any documents lawful. necessary, reasonable and required b~; the
Lease and/or Supplements, including, but not limited to, Certificates of Acceptance, affidavits on behalf
of the City of Cannel, Uniform Commercial Code financing statements and Internal Revenue Service
Forms 8038GC or 8038G, provided that the Clerk-Treasurer shall have previously had such documents
reviewed and approved by the Carreel City Attorney.
Page One of Two Pages
Janhary 30, 2002
To: Diana Cordray, Clerk Treasurer
Copy: Assistant Chief Green
Doug Haney, City Attorney
Re: 2002 Bond Bank Monies
Diana,
The following is a breakdown of vehicles and equipment we plan on purchasing with
funds we have appropriated in our 530 account. These items, with the exception of the
vehicles, have in the past been purchased within our 600 account line items and this year
were moved to the lease account. It is our desire to have these vehicles and equipment
items purchased through a lease with the Bond Bank.
1. Computer Hardware and Software-
$125,000.00
Communications Equipment, including car radios, walkie talkies and
telephones- $40,000.00
Police Vehicle Equipment for 17 new vehicles, including light bars,
radios, radar's and all other initial vehicle equipment-
$60,000.00
Police Equipment, including cameras, traffic trailer, surveillance
equipment, forensic equipment and investigative electronic equipment-
$67,650.00
5. Police Vehicles, including 17 vehicles-
$316,760.00
Total Vehicle and Equipment Purchase=
$609,410.00
(517) 571-2500
F~ (517) 571-2512
Additionally, Mike Hollibaugh with D.O.C.S. is interested in purchasing computer
equipment through the Bond Bank. His request is for $48,500.00 in funds and he has
provided a detailed list of his needed equipment.
Thank you for your assistance with this matter.
City of Carme]
DEPARTMENT OF COMMUNITY SERVICES
RECEIVED
January 25, 2002
JAN 28 2002
CARMEL POLICE DEPT
To: Diana Cordray, C~
From: Mike Hollibaugh
Copy: Mayor Jim Brainard
Mike Fogarty
Steve Engelking
Re: 2002 Technology Purchase
I've worked with MIS Director Terry Crockett to finalize a program for purchase of technology
upgrades that will, among other things, better accommodate the new data/process management
software we are planning to purchase later this year.
The program includes upgrading 13 desktop computers with new Gateway machines, 10 of
which are scheduled for replacement either this year or next. The remaining two desktop
upgrades provide new Gateways for 2001 hires who had inherited older machines in serious need
of replacement. The overall upgrade purchase is summarized below.
1. 9 - E 3600 desktop units w/18" flat LCD monitor @ $ 2900
2. 3 - E 3600 units w/15" flat LCD monitor @ $ 2050 ca.
3. 2 - 9550 BSE laptgp w/15" LCD monitor @ $ 3600 ea.
4. 1 - large format plotter, est. cost $9000
Total amount of this purchase is estimated at $48,450.00. It is our hope and intent to reduce the
impact of this purchase by extending it over a four-year period through use of the bond bank.
Attached is the spreadsheet showing the complete upgrade program. Please let me know if
additional information is required, or if there is anything I can do to further the purchase process
along.
ONE CIVIC SQUARE CARMEL, INDIANA 46032 317/571-2417
Department of Community Services - 2002 Computer Upgrades 1/25/02
Person Machine Monitor Price
Iljleillr_,, IIIIIIIII II
NEW AGENDA ITEM
Today's Date: [ /. ~ / ~-~
CITY COUNCIL (Original and 12 Copies)
~/BOARD OF PUBLIC WORKS (Original and 5 Copies)
Check One:
ADD-ON
Z-/NEXT MEETING
FUTURE MEETING:
(Date)
Sponsor:
(Person to be Listed on Agenda)
Description of Item:
Any Special Instructions:
(Special Equipment Needed, Verbal Presentation, Etc.)
I~TERLEAS~pURCHASEAGREEJ~4~TT
OF INDIANk
,~AN~ARY ~8, 1999.
CITY OF CARM~L
EXIIIBfF A
EQ!.rIPIVlENT SCX.~,DULE NO. 1
CITY OF i CARMEL POLICE DEPARTMENT
3CIVIC SQUARE, CARMEL, IN 4~032
Agr~m~t dated ~s of JANUARy 18, 1999.
I. Equipmcntcovcr~dbytllsEquilmm~Schcdule:
Section 1. E~ulpment. haspant to the terms of the Master Lease., Lessor agrees to acqukc and lease to Levee the equipment listed below ("Equipment").
Equipment De~erlptlon
(2) 1999 FORD CROWN
VICTORIA VEHICLES
(3) 1999 FORD TAURUS'
VEHICLES
(1) 1999 CHEVROLET TAHOE
VEHICLE
(1) 1999 CHRYSLER CARAVAN
CARNIEL, INDIANA+ HA~IILTON $141,000.00
COUNTY
Sedlon 2. Billln~ Address CITY OF CARMEI~ CARMEL POLICE DEPT.
3 CIVIC SQUARE~ ATTN. ACCOUNTS PAYABLE~ CARI~IEL, IN 46032
Section 3. Term In Months: 48
Section 4. Rent See Exhibit B
Lessee
Total Cost $141,000.00
Payment Frequency: SEMI-ANNUALLY, IN ADVANCE.
Commencement Date: MAY I, 1999
Lessor
SCHEDULE OF PAYMENTS
payanent Date Base Rent, Interest Component Principal Component Option to Purchase Price* *
I 05/01/1999 19,052.90 0,00 19,052.90 121,947.10
2 11/01/1999 19,052.90 2,792.59 16,260.31 105,686.79
3 05101/2000 19,052.90 2,420.23 16,632.67 89,054.12
4 11/01/2000 19,052.90 2,039.34 17,013.56 72,040.$6
$ 05/01/2001 19,052.90 1,649.73 17,403.17 54,637.39
6 11/01/2001 19,052.90 1,251.20 17,801.70 36,835.69
~ 05/01/2002 19,052.90 843.54 18,209.36 18,626.33
8 11/01/2002 19,052.90 426.57 18,626.33 0.00
*The Base Rent of the Leasc-Pttrchasc Payments is d~tcrmined by applying an annual rat~ of intsrcst equal to 4.58% of the outstanding balance of an original principal
amount of $141,000.00 for th~ ~quipm~nt, being an amount equal to a portion of the cost of acquiring the Equipment.
Lesue
Title:
Lessor
EXHIBIT C
CERTIFICATE OF ACCEPTANCE
The undersigned, Lessee tinde? that Mssler Lease-Purchzlse Agreement dated as of JANUARy 28, 1999, Individual payment Schedule No. 2 hereby certifies lhat:
A pr--~,~nt need exists for the Equlpm~at which need is not temporary or expected to d~ in the near future. The Equipment is e~ential to and will be used by Lessee only
for the purpose of l~-formlng one or mole governmental functions of Levee consistent with the permissible scope of Lessee's authority.
Lessee confirms that sufficient funds have been appropriated to mnke all Rental payments due during its current fiscal year and expects and anticipates that sufficient funds
will be available to make nil Rental Payments due in subsequent years.
The Equipment is covered by insurance in the typ~ and mounts required by the A~eement and is located at the location set fofih in the Exhibit A to the A~reement
No event ofdefauH, ss such term is defined in the Agreement, and no event which wilt the giving of notice or lapse of time, or both, would become an event of default, has
occurr~l aad is continuing on the date hereof.
Lessee hereby a~horizes and directs Lessor to fund the acquisition cost of the Equipment by paying the Escrow Agent the amount set forth in the E~row A~reement
Lessee
EXHIBIT D
SMALL ISSUER EXEMPTION CERTIFICATE
(ffApplicable)
Maim' L~.a~-Pur~ha~ Agreement dated as of jANUARy 28, 1999, by and between FIFTH THIRD BANK, INDIANA (L~sor) and CITY OF,
CARMEL~ CARMEL POLICE DEPARTMENT (L~e)
THIS SMALL ISSUER EXEMPTION CERTIFICATE is entex~l into on MAY 1, 1999, and executed by CITY OF CARMEL, CARMEL POLICE
DEpART1VIENT, as Lessee, supplemeuting the above-referenced Ma~ter L~se-Pur~hase A~reement (the
The Lessee hereby cefii~es that it has not issued at effected the issuance of,, and reasonably anticipatea that it shall not issue or effect lhc bsuance of; more than Five
Million Dollan ($5,000,000) of tax-exempt obligation~ (other than private activity bonds) (such terms being within the meaning of Section 148(f)(4X C) of the lnte~al
Revenue Code of 1986, as amended), during ~h~ currant calendar year.
CITY OF L~ CARM L LICE DEPARTMENT
City of Carmel
EXFIIBIT E
OPINION OF CITY ATTORNEY
FIFTH THIRD BANK, INDIANA
251 NORTH ILLINOIS STREET, INDIANAPOLIS, IN 46204
Re:
Master Lease-Purchase Agreement dated as of JANUARY 28, 1999, by and between FIFTH THIRD
BANK, INDIANA (Lessor) and CITY OF CARMEL, CARMEL POLICE DEPARTMENT (Lessee),
Individual Payment Schedule No. 2.
Gentlemen:
I represent the City of Carmel, Indiana, the Lessee herein, and have in such capacity now reviewed the
referenced Schedule No. 2 ("Schedule").
Based upon my examination of the foregoing, it is my opinion that:
Lessee is a Third Class City and political subdivision of the State of Indiana, duly organized,
existing and operating under the Constitution and laws of that State.
Lessee is authorized and has power under applicable law to enter into the Schedule and to carry out
its obligations thereunder and the transactions contemplated thereby.
The Schedule has been duly authorized, approved, executed and delivered by and on behalf of
Lessee, and constitutes a valid and binding obligation of Lessee enforceable in accordance with the
terms thereof, except as enforceability may be limited by law, including applicable bankruptcy,
reorganization or other similar laws of general application relating to or affecting the rights of
creditors.
The authorization, approval and execution of the Schedule have been performed in accordance
with all applicable open meeting laws, public bidding laws and other applicable laws of the State of
Indiana.
There is no action, suit or proceeding pending or, to the best of my knowledge, threatened against
Lessee, before any court, administrative agency, arbitrator or govemmental body, that challenges
the existence or organization of the Lessee, the title of any of the present officers of the Lessee to
their respective office, the authority or proceedings regarding the execution and delivery of the
Schedule, the appropriation of moneys to make payments pursuant to the Schedule, or the authority
of the Lessee to otherwise perform its obligations under the Schedule.
Very truly yours,
ONE CIVIC SQUARE CARMEL, INDIANA 46032 317/571-2400
CERTIFICATF, OF FISCAL OFFICER
Re: Ma,st~r Lea~-Purchase Ag~ment ~ u of J~U~Y 28, 19~. by ~d ~ FISH THI~ B~ ~D~A (~) ~d ~ OF
C~E~ C~EL POLICE DEP~TMENT (~e~ ~vi~ Pa~ S~ule No. 2.
~ obligafio~ of~e ~ ~g ~e ~t ~l ~fi~ wi~ r~ to ~dividual Pa~t 3c~dule No. 2 ~ ~e M~ ~-~ ~m~t have ~ laZIly
a~ ~ ~e ~ f~ ~ch p~ ~d ~ ~ ~o ~e~u~ of~c ~ or ~ ~c p~ of coiledion to ~e ~it of ~ app~a~ ~n~ ~ce ~ ~y p~ous
EXHIBIT G
BANK ELIGIBILITY CERTIFICATE
Re: Master Lease-Purchase Agreement dated as of JANUARY 28, 1999, by and between FIFTH THIRD BANK, INDIANA (L~ssor) and CITY OF CARMEL~
CARI~EL POLICE DEPARTMENT (L~_see), Individual Payment Schedule No. :~
THIS BANK ELIGIBILITY CERTIFICATE is entered into on MAY I, 1999 and cxccuted by CITY OF CAR~4EI~ CAR~4EL POLICE DEPARTMENT, ~s Lessee.
WITNESSETH:
WHEREAS, the Lessor and the Lesse~ have entered into a Master L~ase-Purchase Agreement dated as of JANUARy 28, 1999, including Individual Payment
Schedul~ No. 2 (the *Lease") thereto (collectively, the *Agrmncnt"); and
WHEREAS, the Lessee desires to supplement the Agreement;
NOW THEEFOE, in consideration of the premises hcreinafier contained, the Lessee hereby certifie~ that:
The Lessee has not issued or effected the issuance oF,, and reasonably anticipates that it shall not issue or effect the issuance of more than Ten Million Dollars
($10,000,000) of tax-exempt obligations during the ctuvent calendar yea. r, and hereby designabes the lease of Equipment to which this certificate pefiains as a "qualified
tax-c:xcmpt obligation," as dct'mcd by Section 263(bX3) ofthc Internal Revenue Code of 1986, a~ mended.
IN WITNESS WHEREOF, the Lessee has caused this supplement to the Agrcctncnt to be executed by its re~p,:ctive ofiqcers thereunto duly authorized, all as of
the date and year first above 9~riRen.
CITY OF L~ C E POLICE DEPARTMENT
Title: /
Lessee
EXHIBIT H
INSURANCE COVERAGE REQUIREMENTS
To: FIFTH THIRD BANK, INDIANA
2Sl NORTH ILLINOIS STREET, INDIANAPOLIS, IN 45204
From: IJfI'Y OF CARMEL~ CARMEL POLICE DEPARTMENT
3 CIVIC SQUARE, CARMEL, IN 46032
SUBJECT: INSURANCE COVERAGE P, EQUIREMENTS
/-~'-,,,__' 1~ .'- c~ ,, ,,,,
~"°"':.k'C'-
MUNICIPAL CERTIFICATE
M~ter Lea~-Purchas~ Ag~'~nent ~d ~ ofJ~U~Y ~8, 1~, by ~d ~w~ ~H THI~ B~ INDIA (~r) ~d ~ OF
C~E~ ~EL POLI~ DEP~TME~ (~)
I, ~ und~i~e~ ~ly ap~' ~ qualined ~ ~g ~ ~0~ (~ ti~ of cle~ ~ ~ sing ~s fo~) of m~ a~v~on~ ~
L ~di~ata~ ~ ~l~ (~e~l~orsp~ial)me~ingofmegov~g~yofme~eheld~ ~fi ~ I~
~ ofme~g) ~ mo~ly ~e, ~onded ~d ~ed ~ ~r~ce wi~ aH ~u~ of law ap~ve ~d au~o~e ~ ~x~ ~d &liv~ of~ ~
/
ESSENTIAL USE/SOURCE OF FUNDS CERTIFICATE.
Re: Ma~-r L~as~-Purchaa~ Age~-nent dated ~s of JANUARY 2~ 19~, by ~d ~ F~H THI~ B~ INDIA ~) ~d ~ OF C~E~
C~EL POLI~ DEP~TME~ (~)
~ ~d f~ pubH~ pu~
· ~ foxhole ~m~. ~ ~ui~t will b~ ~d by ~ f~ ~e pu~ of p~g one or mo~ of
~ of~'s au~W.
3. ~e ~d ~e~l l~e of~e Equipm~ b~ u~ ~ufa~s ~r~tio~ ~d ~e's pmj~d ne~, ~ ~ ~ ~SE~ LIFE) ye~
4. ~'s~of~n~form~ngm~l~und~e~is~e~Ob;~ ~o~e S~ Fund(~eof~nd~w~
~ WI~SS W~OF ~e und~i~ h~ h~unto ~t ~ or h~ ~d ~ ~Y 1, 1999.
ESCROW AGREEMENT
THIS ESCROW AGREEMENT (~he "Agreement"), mad~ a~d entered into as of MAY 1, 1999, by and between FIFTH THIRD BA~Y~
INDIANA (Lessor), FIFTH THIRD BAN!~ INDIANA (Escrow Agent), and CITY OF CARMEL~ CARMEL pOLICE DEPARTMENT (L~sse~):
WITNESSETH THAT, in the joint and mutual cxcrclse of~heir powers, and in consideration of the mutual coychants herein contained, the patties
hereto recite and agree ss follows:
Seaion 1. Recitals,
Lease by reason ofanythlng contained in this Ag~ement.
4.03. ffLe~e~ and L~sof shall ha in dlsagr~m~nt about th~ in~retetion of the Lc~,~ ~f this Agreemeut, or about t~e rights and obligations, of the pfop~ety of any aainn
contempla~d by th~ Escrow Agent hffeundff, the Escrow Agent may, but shall not ha t~luired to, file an appropriato civil actinn to re~olve th~ dlsag~*en~nL In ~
performanc~ of its duties in good faith h~und~', th~ E~row Agent shall ha indenmifi~d for all c~ns, including r~asonable attom~]~' f~*~, in ~orm~ction with such c~vll
action, and shall be fully prote~ted in suspending all of part of its activitis~ under ~ Agreement until a final judgment in such action is received.
4.04. The Escrow Agent may consult with counsel of its ovm chni~ aad shall have full and complete authorization and protection with the opinion of such counsel. The
E,s~row Agent shall otherwise not be liable fof any mistak~ of facts or errors of judgment, of for any acts of omiszioP, s of any kind unk~s caused by its willful misconduct
Section & Escrow Afent's Comoen~aOon.
Lessee hereby agrees 1o pay the E~TOW Agent an annual fee of $250.00 as compensation fof the services to be rendered hereunder. and will pay and/or reimburse the Escrow
Agent upon r~luest for all expenses, disbursements and advances, in~inding reasonable attorneys' fees, incurred of made by it in connection with canying out its dufies
hereunder. The Escrow Agent's fee fof the fist ywt shall be payable upon execution of this AgeemenL
Section 6, Chanfe of Escrow Aeent
6,01. A national banking associntinn or a state bank qualified as a depository of public funds, may be substituted to act es E,~row Agent under this Agreement, upon
agreement of the partle~ hereto. Such substitution shall not be deemed to affect the rights or obligations of the parties. Upon any such substitution, the Escrow Agent agnes
to assign to such substitute EatTOW Agent its rights under this AgreemenL
6,02. The Escrow Agent or any suc~,~or may at any time resign by giving mailed notice to Lessee and Lessor of its intention to resign and of the proposed date of
resignation, which shall be a date not less than thirty (30) days after such notice is deposited in ~he United Slates mail with postage fully prepaid, unless an eariiof resignation
date and the appointment of a successor Escrow Agent shall have been or are approved by Lessee and Lessor.
6.03. The E,~row Agent may appoint an agent to exercise any of the powers, rights of remedies granted te the Escrow Agent under ~ Agreement, and to hold ti~e to
prope~y or to tske any other action which may be deairable or necessary.
Section 7. Administrative Provisions.
7.03. The Escrow Agent shall keep ~ornplete and accurate re~ords of all moneys received and disbursed under this Agreement, which shall be available fof inspection by
Lessee or Lessor, or the agent of aither of them, a any time during regular business hours.
7.02. 'All vaSttan notices to be given under this Agreement shall be given by mail to the pa~y entitled thereto at its address set forth in the attached Exhibit B, or a~ such
addr~_s as the pafiy may provide to the other parties hereto in writing from time to time. Any such notice shall be deemed to have been received fofiy-eight (48) hour~ after
deposit in the Uinted States mail in registered form, with postage fully prepaid.
7.03. This Agreement shall be construed and governed in accordance with the laws of the Stste of Ohio.
7.04. Any provision of this Agreement found to be prohibited by law shall be ineffective only to the extent of such prohibition, and shall not invalidate the remainder of this
AgreemenL
7.05, This Agreement shall be binding upon and inu~ to the benefit of the parties and their respective succe~ors and assigns. Specifically, as used herein the term "Lessor"
as used herein means any person or entity to whom Le~or has a~signed its right to receive Rental Payments under the Lease and any payments due to Lessor hereunder from
and after the date when a duplicate original of such assignment is ~l~d with the Escrow AgenL
7.06. This Agreement may be simultaneously executed in several counterparLs, each of which shall be an original and all of which shall constitute but one and the same
AgreemenL
7.07. This Agreement shall tenninats upon disbursement by the Escrow Agent of all moneys held by it h~reunder.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first v,T/tten above.
Escrow Agent
Title:
EXHIBIT A TO F~CROW AGREEMENT
The l~'lrl'H THIRD BANK, INDIANA, Escrow A~eni, under Im Escrow ASreement dated as of MAy 1, 1~)9, by and b~twee~ the Escrow A~ast and t:frx/ OF
CARMEL, CARMEL POLICE DEPARTMENT (Lessee) is hereby requested to pay, from the Acquisition Fund held under said Escrow A~reem~t, the mounts set forth
Ecraiment D~sc~otion Eo~iment Lbcation Serial Number Cost
CARMEL~ INDIANA, HAMILTON COUNTY
Payee:
Dated:
Lessee
PLEASE RETAIN THIS FORM. WHEN THE EOUIPMENT HAS BEEN DELIVERED AND ACCEPTED. SIGN AND SEND TO THE ESCROW AGENT. THIS
FORM AUTHOK1ZES RELEASE OF PAYMENT PROM THE ESCROW ACQUISITION FUND.
Please ~re~are one form for each vendor that is to be paid.
EXHIBIT B TO ESCROW AGREEMENT
notices to:
Lessor:
HFFH THIRD BANK, INDIANA
251 NORTH ILLINOIS STREET, INDIANAPOLIS, IN 46204
CITY OF CARMEL~ CARMEL POLICE DEPARTMENT
3 CIVIC SQUARE, CARMEL~ IN 46032
8038-G
(Roy. May 19951
I:.:,il Reporting Authority
City of Carme], Carmel Police Department
3 Civic Square
5 C~ty, town. or post office. state, a~d ZIP code
C i 46032
.a~ne , IN
Equipment Lease Schedule No.2 dated May 1, ]999
Information Return for Tax-Exempt Governmental Obligations
· Under Intemel Revenue Code seeMon 149(e) OMB No. 1545-0720
· Bee separate InmcMons,
(Note: Use Fonn 8038-GC if ~e issue I~ce is under $100,000,)
If Amended Retum, check hem · []
2 Issues employer ideneficatlon number.
35 ~ 6000972
Room/suite 4 Report number
G19 99 - 2
6 Date ~ issue
May 1, 1999
8 CUS~ numO~
I~:,ill type of Issue (check applicable box(es) and enter the issue price)
9 [] Education (attach schedule-see iHatructions) ................. 9 IS
10 [] He.am and hospitm (attach sci~edule-see instructions) .............. 10 I
1-1 [] Transportation ........................... 11 I
12 [~ Public safety ............................ 12 ~ 141,000,00
13 [] Environment (including sewage bonds) ................... 13 I
14 [] Housing ............................. 14 i
15 [] Utilities ............................. 15 I
16 [] Othec Describe (see instructions) · 16 I
18 If obiigmions am in the form of a lease or installment sale, check box · []
I~,elll DescripUon of ObligaUons
(d) (e) ~Q
(a) (b) (~J Stated redenpUon Weighted y-.,4 Net
MMutitydme Intem~raCe IsmjeCxqce pftceMmatuffiy
20 Entire issue . N/A 4 years ' %
r.i~edik'~J Uses of Proceeds of Bond Issue (including underwriters' discount) N/A
21 Proceeds used for accrued interest ..................... 21 !
22 Issue pdce of entire issue (enter amount from line 20, column (c)) ........... 22 I N/A
23 Proceeds used for bond issuance costs (including undenvriters' discount) 23 N/A
24 Proceeds used for credit enhancement ............ 24
25 Proceeds allocated to rsssona~ly required reserve or replacement fund . 25 N/A
26 Proceeds used to currently refund pdor issues ......... 26 N/A
27 Proceedb used to advance refund pdor issues ......... 27
28 Total (add lines 23 through 27) ....................... 28 ~ N/A
29 Nonrefunding proceeds of the issue (subtract line 28 from line 22 and enter amount hem). . 29 I N/A
I~.~si, i Description of Refunded Bonds (Complete this part only for refunding bonds.) N/A
30 Enter the remaining weighted average maturity of the bonds to be cu~ently refunded . . . · N/A yearn
31 Enter the remaining weighted average maturity of the bonds to be advance refunded . . . · N/A yeem
32 Enter the last date on which the refunded bonds will be called ........... · N/A
33 Enter the date(s) the refunded bonds were issued · .N/A
i~,~leiTjl Miscellaneous
34 Enter the amount of the state volume cap allocated to the issue under ssctlon 141COX5) . . . 34 I N/A
35 Enter~m~unt~fthe~ndsdasignatedbytheissuerun~ders~cti~n265(b~3)(B~)(smal~issuerexcept~n) 35 I 141,000.00
368 Ente~~~am~unt~fgr~sspr~ceedsinve~ted~rt~b~investedloaguarante~dinvestmentc~ntract(s~einstnJcti~ns~ 36al N/A
b Enter the fined maturity date of the guaranteed investment contract . · N/ A
37 P0Olel finandngs: a Proceeds of this issue that are to be used to make loans to other govemmen~ Units 37a I N/A
b If this issue is a loan made from the proceeds of another tax-exempt issue, check box · l"J and enter the name of the
issuer · N/A and the date of the issue · N/A
38 If the ~ssuer has elected to pay a penalty in lieu of arbitrage midate. check box · []
39 If the issuer iqas ide~ed a hedge, check box .............. · []
Fifth Third Bancorp
T Dd )an a
Commercial Loan Application
Name of Co-Borrower (w/ppl~able):
Address of Co-Borrower.
Zip Code City State
Name of additional Co-Borrower ;If applicablel:
Address of additional Co-Borrower.
SSA:ED ID/h 35-6000972
Name of Borrower.
City of Cannel, Camel Police Dept.
Addross #1:
3 Civic Square
City State
Carme],. IN 46032
H~nil ton
Zip Code
City State Zip Code City State
Zip Code
Nature of Business:
Municipa~ ity
A new lease of Police vehicles
_ Purpose of Loan:
Amount of Loan: $14 1,000.00 Annual Salary/Sales:
Farm Related? (YES/NO)
NO
Application is hereby made for [] Personal use F~ Business use credit.
If application is for personal credit, please check one: [] Individual [] Joint
If application is for business credit, please check one: [] Corporation [] Sole Owner FIPartnership [] LLC/LLP
Is the loan for the purchase, refinance or improvement of a dwelling(s)? For temporary financing or "construction only" loans answer No, (Yes/No) NO
If 'Yes*, piesee complete ~e information below. If 'No", you MAY NOT fumllh thil Information.
The following information is requested by the Federal Government fur certain types of loans related to a dwelling in order to monitor the lender's compliance
with equal credit opportunity, fair housing, and home mortgage disclosure law~ You are not required to furnish this information, but are encouraged to do so.
The law provides that a lender may neither discriminate on the basis of this information, nor on whether you choose to furnish it. However, if you choose not
to furnish this information and you have made this a plication in person, under Federal re ulations the lender is required to note race or national origin and
sex on the basis of visual observation or surname. ~sed upon your choice, please complete the information below.
Race/National Origin:
[] I do not wish to furnish this information.
[] Male [] Female
[] White
[] Aslan/Pacific Islander
[] American Indian/Alaskan
[] Black
[] Hispanic
[] Other (Please Specify)
Co-Borrower:
Sex:
[] I do not wish to furnish this information.
[] Male [] Female
Race/National Origin:
[] White
[] Asiar,JPacific Islander
[] American Indian/Alaskan
[] Black
[] Hispanic
[] Other (Please Specify)
'Z/We hereby authorize Fifth Third Sancorp and any of its affiliates (Bank) to obtain a consumer rapoR or reports, and to obtain and exchange information from
~nd with other credit grantors and consumer reporting agencies. ~/e authorize Bank to retain all information and reports for Bank's files.'
*~A/e certify that all statements made on this application are true and correct and that Wile have withheld nothing that would, if disclosed, unfavorably affect this
~ppfication. The furnishing of false information for the purpose of influencing Bank's loan decision violates Federal criminal laws and may subject a violator to
qne, imprisonment or both.'
!f your loan will be secured by a one to four unit residential structure, you have the right to a copy of the appraisal report used in connection with your
~pplication for credit. If you wish a copy, please write to us at the Bank's Principle Place of Business or at M/D 109057, 38 Fountain Square Plaza, Cincinnati, Ohio
45263. We must hear from you no later than ninety days after we notify you of the action taken on your application or you withdraw your application. Please
Oate S~Sn~7 Title and/or Capacity (if applicable)
Title and/or Capacity (If applicable)
OHIO RESIDENTS ONLY: The Ohio taws against discrimination require that all creditors make credit equally available to all creditworthy
customers, and that credit reporting agencies maintain separate credit histories on each individual upon request.
The Ohio Civil Rights Commission administers compliance with this law.
City of Carmel, Police Dept., Sample HELP lease quote, 2~5~2
Compound Period Monthly
Nominal Annual Rate 4.2 %
Effective Annual Rate 4.282 %
Periodic Rate 0.35 %
Daily Rate 0.01151%
Event Start Date Amount
1 Loan 03/01/2002 657,910.00
2 Payment 05/01/2002 89,017.48
Number
AMORTIZATION SCHEDULE - Normal Amortization
Period End Date
1
8 Semiannual ..........
# Date Payment Interest
Loan ..............
1/.q~","HH,","Z89,017.48 4,613.43
2//~; 89,017.48 12,149.50
2002 Totals 178,034.96 16,762.93
2003 Totals
2004 Totals
2005 Totals
Grand Totals
3; 89,017.48 10,521.08
4; 89,017.48 8,858.17
178,034.96 19,379.25
5 ~ 89,017.48 7,160.02
6 ~ 89,017.48 5,425.90
178,034.96 12,585.92
7 ~ 89,017.48 3,655.05
8 !!!!]H,","HH] 89,017.48 1,846.69
178,034.96 5,501.74
712,139.84 54,229.84
Principal
84,404.05
76,867.98
161,272.03
78,496.40
80,159.31
158,655.71
81,857.46
83,591.58
165,449.04
85,362.43
87,170.79
172,533.22
657,910.00
Balance
657,910.00
573,505.95
496,637.97
418,141.57
337,982.26
256,124.80
172,533.22
87,170.79
0
Last interest amount increased by 0.01 due to rounding.