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Home My WebLink AboutBPW-11-21-07-01 DOCS Equip/Indiana Bond Bank ~ RESOLUTION NO. BPW-11-21-07-01 A RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY ("BOARD") APPROVING THE ASSIGNMENT OF EQUIPMENT FOR THE DEPARTMENT OF COMMUNITY SERVICES TO THE INDIANA BOND BANK WHEREAS, in accordance with the provisions of Indiana Code 5-22, bids 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 Equipment 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, Indiana ("City"); and NOW, THEREFORE, BE IT RESOLVED by the Board that the.Equipment listed on attached Exhibit A is hereby assigned to t~e Indiana Bond Bank by means of that certain Schedule No. 010 to the Master Lease- Purchase Agreement by and between the Indiana Bond Bank and the City and dated as of April 20, 2004, a copy of which Schedule is attached hereto and incorporated herein as Exhibit B. BE IT FURTHER RESOLVED, that the Carmel Clerk-Treasurer ("Clerk-Treasurer") is hereby authorized and approved to execute such documents related to the Equipment as are reasonable, lawful, necessary and required in order to carry out the transaction authorized hereby, provided that the Clerk-Treasurer shall have previously had such documents reviewed and approved in writing by the Carmel City Attorney. .:l \ ::. '\ ALL OF WHICH IS RESOLVED by the City of Carmel Board of Public Works and Safety, this day of ~oJe.m\c:).A...o" , 2007. CARMEL BOARD OF PUBLIC WORKS AND SAFETY By: , (cb-mw.tIfd:l;~ ~'rny docwll'll1l'hp<.o.'-foohltioolll:!I)}'7\illd boo<1lw1~ poIic~ cars scbcdulc 1IOIO,dDc:III9-tl7] " "EXHIBIT A " Manut and/or r Desc"rlptlon of Equ~pment _ I Equipment Serial Invoice 'Vendor-Name &_ Location Number Total -lnvolce"No, Pearson Ford Five (5) 2008 Ford Escape One Civic Square, 1 FMCU59H68KB45501 5105,815.00 .9111107 Hybrid Sport Utility Vehicles Carmel, Hamilton 1 FMCU59H88KB45502 .(2 at $20,763.00, 2 at CountY, IN 46032 1 FMCU59HX8KB45503 $19,783.00 and 1 at 1 FMCU59H 1 8KB45504 $24,763.00 respectively) 1FMCUS9H48KB58554 Pearson Ford 'One (1) 2007 Ford F150 XL One Civic Square, . 1FTRF14V37NA88573 $17,813.00 9/11107 4;(4 Pick-up Truck Carmel"Hamilton County, iN 46032 . Butler Motors.. Two (2) 2008 Toyota Prius One Civic Square, JTDKB20UX87696600 $44,637.00 Inc. . Hybrid Automobiles Carmel, Hamilton, JTDKB20U88329681.6 8723745, (1 at $22,270.00 and 1 at , County,. IN 46032 8704948 $22,367.00 respectively) -Hewlett-Packard One (1) HP DeslgnJet One Civic Square, . SG76F09005 513,966,00 Company Z6100ps 42" Printer Carmel, Hamilton 43060041 County,lN 46032 ". Dl T Solutions . One (1) Graphtec C8500 One Civic Square, 7052311 512,704.05 . Inc.' ,Pro' Scanner Carmel, Hamilton " , 81041512 County, IN 46032 One (1) Gateway E' 46100 One Civic Square, $2;23iJ:90 .. MPC Gateway 78392118 Back,up UPS . Carmel, Hamilton' County, IN 46032 Comme-rciat One (1) Allsteel Modular One Civic Square, 547,200.00 FurnIshings Fu~nlture Carmel, Hamilton Corporati9n County, IN 46032 25139 Total: 5244,365.95 . "EXHIBIT B '-,1tS . FIFTH THIRD BANK INDIVIDUAL PAYMENT SCHEDULE - No. 010 DATED NOVEMBER 7,2007 - - To MASTER LEASE-PURCHASE AGREEMENT DATED AS OF APRIL 20,2004 Lessor: INDIANA BOND BANK a separate body corporate and politic, constituting an Instrumentality of the State of Indiana Lessee: CITY OF CARMEL a city in the State of Indiana This Individual Payment Schedule is entered into this November 7,2007, by and betWeen lessor and lessee pursuant to and subject to the terms and conditions of the Master Lease-Purchase Agreement dated as of April 20, 2004 (as amended, supplemented or modified from time to time, the "Master Lease-Purchase Agreement"). All of the terms of the Master Lease-Purchase Agreement are incorporated by reference herein. Capitalized terms used, and not otherwise defined, herein shall have the meanings attached thereto in the Master Lease- Purchase Agreement. 1. Equipment covered by this Individual Payment Schedule. Subject to the terms and conditions hereof, Lessor agrees to acquire and lease to Lessee the equipment listed below ("Equipment"). Manuf. and/or Description of Equipment Equipment Serial Invoice Vendor Name & Location Number Total Invoice No. Pear~on Ford Five (5) 2008 Ford Escape' One Civic Square, 1 FMCU59H68KB45501 5105,815.00 9/11/07 Hybrid,Sport Utility Vehicles Carmel: Hamilton 1 FMCU59H88KB45502 (2 at $20,763.00,2 at Coun~y, IN 46032 1 FMCU59HX8KB45503 $19,763.00 and 1 at lFMCU59H18KB45504 $24,763.00 respectively) 1FMCU59H48KB58554 Pearson Ford One (1) 2007 Ford F150 XL One Civic Squar~, 1 FTRF14V37NA88573 $17,813.00 9/11/07 4x4 Pick-up Truck Carmel, Hamilton County, IN 46032 Butler Motors, Two (2) 2008 Toyota Prius One Civic Square, JTDKB20UX87696600 $44,637.00 lnc; Hybrid Automobiles Carmel, Hamilton JTDKB20U883296816 8723745, (1 at $22,270.00 and 1 at County; IN 46032 8704948 $22,367.00 respectively) Hewlett.Packard One (1) HP DesignJel One Clvic'f:)quare. SG76F09005 $13,966,00 Company .Z6100ps 42n Printer Carmel, Hamilton 43060041 County, IN 46032 DL T Solutions One (1) Graphlec CS500 One Civic Square, 7052311 $12,704.05 Inc. Pro Scanner Carmel, Hamilton SI041512 County, IN 46032 @2006 Fifth Third Bancorp MPC Gateway One(l) Gateway E 4610 D One Civic Square. $2.230.90 78392118 Back.up UPS Carmel, Hamilton County. IN 46032 Commercial One (1) Atlsteel Modular One Civic Square~ $47.200.00 Furnishings Furniture Carmel, Hamilton Corporation County. IN 46032 25139 Total: $244.365.95 The total cost of the Equipment covered by this Individual Payment Schedule is Two Hundred Forty-Four Thousand Three Hundred Sixty,Five Doliarsand Ninety-Five Cents ($244.365.95). 2. Billing Address; One Civic Square Alln: Clerk-Treas.. Com Ser Dept Payable Carmel, Indiana 46032 3. Term. The Scheduled Term is 49 months; The Final Period shall be the period commencing on the first day of the Fiscal'Year in which the final payment Is scheduled to occur and ending on December 1. 2011. 4. Rent and Purchase Option. (a) Base Rent: See Schedule 1 (b) Commencement Date: November 7. 2007 (c) First Payment Date: December 1. 2007 (d) Payment Frequency: semiannually (e) Number of Payments: Eight (8) (f) Purchase Price Dates and Purchase Price: See dates and amounts designated on Schedule 2 5. Base Rent. The total cost for the Equipment is the amount specified in Section 1 hereof. Of that amount. Lessee shall pay No Dollars and No Cents ($0.00) and, subject to the terms and conditions hereof, Lessor shall advance Two Hundred Forty-Four Thousand Three Hundred Sixty-Five Dollars and Ninety-Five Cents ($244,365.95 (the "Lessor Amount")). The Base Rent of the Lease-Purchase Payments is determined by applying an annual rate of interest equal to four and 99/10Oths percent (4.99%) (the "Implicit Interest Rate") of the outstanding balance equal to the Lessor Amount. (Remainder of page intentionally left blank. Signature page follows.) - 2 ~ @2006 Fifth'Third Bancorp IN WITNESS WHEREOF, the parties have executed this Individual Payment Schedule by their authorized officers as of the date set forth above. LESSOR: INDIANA BOND BANK By: Name: Dan Huge Title: Executive Director LESSEE: CITY OF CARMEL By: Name: Diana L. Cordray Title: Clerk-Treasurer ,3 - @2006 Fifth Third Bancorp SCHEDULE 1 TO INDIVIDUAL PA'(MENT SCHEDULE 010 SCHEDULE OF PAYMENTS Payment Rent Payment Interest Principal Total Base Number Date Component Component Rent of Base Rent of Base' Rent Payment Due 1 12/01/07 812.83 32,541.78 33,354.60 2 06/01/08 5,284.37 28,070.23 33,354.60 3 12/01/08 4,584.10 28,770.50 33,354.60 4 06/01/09 3,866.37 29,488.24 33,354.60 5 12/01/09 3,130.72 30,223.88 33,354.60 6 06/01/10 2,376.73 30,977.87 33,354.60 7 12/01/10 1,603.93 31,750.68 33,354.60 8 06/01/11 811.84 32,542.76 33;354.60 .4. @2006 Fifth Third Bancorp SCHEDULE 2 TO INDIVIDUAL PAYMENT SCHEDULE 010 PURCHASE PRICE DATES AND PURCHASE PRICES Purchase Price Date Purchase Price 12/01/07 211,824.17 06/01/08 183,753.94 12/01108 154,983.43 06/01/09 125,495.20 12/01/09 95,271.31 06/01/10 64,293.44 12/01/10 32,542.76 06/01/11 0 -5- @2006 Fifth Third Bancorp NEW AGENDA ITEM Today's Date: II / 09 / ()7 . CITY COUNCIL (Original and 8 Copies) · E-Mail All Ordinances and Resolutions (Include any Exhibits) to Lois Fine V' BOARD OF PUBLIC WORKS (Original and 5 Copies) Check One: ADD-ON ~XT MEETING: II /.;(; / 07 (Date) FtJTURE MEETING: / / (Date) Sponsor: (Person to be Listed on Agenda) '--rJ{; ~Ap tJ (2, I/,w~d~ Description of Item: . ~;~ 6~~f!';:!:!i"::4J ~r;;:,-;:~f -01 -0/ Any Special Instructions: (Special Equipment Needed. Verbal Presentation, Etc.)