LEASE/PURCHASE STRIPING UNIT TRUCK
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KOCH FINANCIAL CORPORATION
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February 3, 1999
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City of Clearwater
P.O. Box 4748
Clearwater, Florida 34618
'''''I'T'Y CL.'2..:lK DEPT-
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Re: Contract for Installment Sale and Purchase ("Agreement"), dated as of November
19th, 1993 by and between The City of Clearwater ("Lessee") and Security Capital
Corporation ("Lessor"), thereafter Bankers Trust
Dear Sir or Madam:
According to our records, you have fulfilled your obligation regarding the above
mentioned transaction. Enclosed you will find the following original documents and
titles if applicable.
Thank you for your business and we look forward to establishing new relationships with
you in the future. If you have any questions, please call me at (316)-828-2072.
Sincerely,
9~~
Jennifer Morris
Accounting Assistant
Encls.
4111 East 37th Street North · Wichita, Kansas 67220 · 800/532-6864 · FAX 316/828-4321
Website www.kochfinancial.com
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CITY OF CLEARWATER
CONTRACT FOR INSTALLMENT SALE AND PURCHASE
(THIRD PARTY FINANCING AGENT)
This Contract is made and entered into by and between the City of
Clearwater, P.o. Box 4748, Clearwater, Florida 34618, hereinafter referred
to as Buyer, and Security Capital Corporation, hereinafter referred to as
Seller, this 19th day of November, 1993 a~I~I~~~~ne of
~., .,.,., ........
Credit Agreement approved on September 14,'''1993.
WITNESSETH, that whereas the Buyer wishes to purchase the equipment
described below, and has entered into an agreement with Pave Mark
Corporation, hereinafter referred to as Vendor, who offers for sale such
equipment, and whereas Seller wishes to provide financing for such
equipment purchase,
NOW THEREFORE, for and in recognition of the good and valuable
considerations to be exchanged between the parties as hereinafter provided,
Seller agrees to purchase, or to cause to be purchased, said equipment from
Vendor and simultaneously sell the same equipment to the Buyer in accord
with the following terms and conditions.
Buyer is an Entity of State Government or an Entity of Local Government
which is a Political Subdivision of the State.
EQUIPMENT: Each unit of the Equipment contemplated to be sold and
purchased under this Contract shall be separately identified and each shall
be referred to as a Commercial unit. The phrase "Commercial Unit" shall be
defined as provided in Section 672.105(6), Florida Statutes. This Contract
including all attachments hereto constitutes the sole Contract between
Seller and Buyer for the sale and purchase of the Equipment described
below. All purchase orders relating to the subject Commercial Unites) of
Equipment issued by Buyer shall supplement this Contract to the extent that
the terms of such purchase order are not inconsistent with the terms of
this Contract:
DESCRIPTION
OF EOUIPMENT
NUMBER OF
COMMERCIAL UNITS
UNIT PRICE
Striping Unit Truck
1
143,266.00
Further descriptions of the equipment are provided in the original vendor
invoices which are submitted to the Seller together with this Contract.
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PRICE
The total price of the Equipment described above shall be stated below, and
shall include cost of delivery F.O.B. Buyer's designated place of
installation and shall include cost of installation unless otherwise
provided for on line 4 below, and Seller's warranty.
1) Price
2) Less Credits
a) Equity Credit
b) Trade-In Allowance (Equipment
)
3) Cash Sale Price [Line 1 less Line 2 (a + b)]
4) Equipment Placement Charges and Appropriate
Rigging Charges
5) Total Cash Sale Price (Line 3 + Line 4)
6) Cash Down Payment (Optional)
a) Down Payment (Optional)
b) Equipment Placement Charges (Same as Line 4)
c) Total Cash Down Payment
7) Cash Price (Principal) Balance (Line 5 less 6c)
8) Interest (APR) 4.9288
9) Time Balance (Line 7 + 8)
10) Time Sale Price (Line 9 +6c)
NOTE:
There shall be no additional ~harges due
Seller from Buyer for taxes, 1nsurance
premiums, official fees, delivery costs, or
any other charges except as specifically
provided in this Contract. Interest is
computed on a basis of 360 days per year.
PAYMENT
$ 143.266.00
$ N/A
$ N/A
$ 143.266.00
$ N/A
$ 143.266.00
$ N/A
$ N/A
$ N/A
$ N/A
$ 143.266.00
$ 18.199.00
$ 161.465.00
$ 161.465.00
Buyer promises to pay the total cash down payment in full, if applicable,
within thirty (30) days of delivery and installation in good working order
in accordance with then current installation and start up specifications
applicable to each Commercial Unit purchased hereunder. The total balance
due for purchase of each Commercial Unit of the Equipment shall be paid in
accordance with Exhibit A (Payment Schedule) which is incorporated herein
for all purposes. Notwithstanding any claim or dispute which may hereafter
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arise between Buyer and Seller, Buyer will make all payments as required
under this contract when due unless there is a breach of the whole
contract. Buyer hereby covenants to take such actions as are necessary
under the Laws of Florida to plan and budget for receipt of a sufficient
appropriation of funds to discharge its obligations to make all payments
required under this contract when due.
TITLE
Title and ownership of each Commercial Unit of the Equipment and any and
all replacements, substitutions and repairs thereto, shall pass to Buyer
upon acceptance of the equipment in satisfactory working condition. By
executing this agreement, Buyer hereby acknowledges such acceptance. The
Equipment shall remain personal property and shall not become real
property. Buyer will not suffer or permit any lien or encumbrance of any
kind against the Equipment.
As title holder and owner of each Commercial Unit of the Equipment acquired
hereunder, Buyer shall pay when due any and all taxes, assessments,
franchise fees, levies, or other governmental charges lawfully levied
against any such Commercial Unit of the Equipment or its use. Buyer shall
timely contest the levy of any tax, assessment, franchise fee, levy or
other governmental charge deemed by Buyer to be unlawfully levied. It is
hereby acknowledged between the parties hereto that Buyer considers itself
a nontaxable entity and not usually and customarily subject to the
imposition of any tax, assessment, franchise fee, levy, or other
governmental charge levied for Buyer's ownership or use of any Commercial
Unit of the Equipment.
WARRANTIES
Seller hereby assigns to Buyer all rights and benefits that Seller may now
or hereafter have under any warranty, guaranty or indemnity with respect to
the equipment against the Vendor or manufacturer of the equipment. Buyer's
sole remedy for the breach of such warranty, indemnification or
representation shall be against the Vendor of the equipment, and not
against the seller, and any such breach shall have no effect whatsoever on
the rights and obligations'of Buyer or Seller with respect to this
agreement. Buyer expressly acknowledges that Seller makes, and has made,
no representations or warranties whatsoever as to the existence or
availability of any such warranties whatsoever as to the existence or
availability of any such warranties of the Vendor or manufacturer of the
equipment.
INSURANCE
If Buyer is covered under a program of self-insurance, Buyer hereby
certifies the existence of a continuing self-insurance program insuring the
full insurable value of each Commercial Unit of the Equipment against loss
from those fire and other hazards which are customarily insured by extended
coverage pursuant to section 284.01, Florida Statutes, during the term of
this Contract. In such event Buyer shall provide a minimum of ten (10)
days written notice to Seller of any change or cancellation of said self-
insurance program. In the event said self-insurance program is unavailable
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or terminated, Buyer agrees to procure and maintain with a carrier
authorized to do business in Florida and acceptable to Seller, which
acceptance shall not be unreasonably withheld, fire, theft, and extended
coverage insurance on the Equipment, insuring the full insurable value
against risk of loss or damage, and providing for a minimum of ten (10)
days written notice of change or cancellation to Seller. Buyer shall
provide Seller with copies of certificates of the insurance carrier or
carriers evidencing such insurance coverage. This Contract does not
provide for or require insurance coverage for bodily injury and property
damage to others. Buyer shall bear the entire risk of loss, theft,
destruction or damage to the Equipment from any cause whatsoever or
requisition of the Equipment by any governmental entity, or the taking of
the Equipment by eminent domain or otherwise (collectively, Loss). Buyer
shall advise Seller in writing within ten (10) days of any such Loss.
Except as provided below, no such Loss shall relieve Buyer of the
obligation to make payments hereunder. In the event of any such Loss,
Seller at its own option may: (a) if the Loss has not materially impaired
the Equipment (in Seller's reasonable judgment), require Buyer, upon
Seller's demand, to place the Equipment in good condition and repair
reasonably satisfactory to Seller; or (b) if the Loss has materially
impaired the Equipment (in Seller's reasonable judgment), require Buyer,
upon Seller's demand, to pay Seller the following amounts on the date
payment is due: (i) all amounts that are then owed to Seller by Buyer
under the Payment Schedule, including the payment due on such date, and
(ii) an amount equal to the principal balance set forth in the Payment
Schedule for such date. In the event that Buyer is Obligated to make such
payment with respect to less than all of the Equipment, Seller will advise
Buyer of the principal balance to be paid by Buyer with respect to such
equipment that has suffered the Loss, which amount Buyer shall promptly pay
Seller, and Seller shall revise the Payment Schedule accordingly. Buyer
will take actions reasonably necessary to attempt to secure subsequent
appropriations to pay said remaining unpaid balance, less unearned
interest. Seller will make the proceeds of any property insurance
maintained by Buyer under this Contract available to Buyer for the purposes
of this Section if no default has occurred and is continuing.
DEFAULT
Time is of the essence hereof and if Buyer shall fail to pay when due any
installment, or otherwise fail to observe, keep, or perform any provision
of this Contract required to be observed, kept, or performed, then Buyer
shall be deemed to be in default with respect to the purchase of each
Commercial Unit of Equipment directly affected by such failure and unless
Buyer causes such default to be cured within thirty (30) days after receipt
of written notice thereof from Seller, at the expiration of such notice
period the balance of all installment payments due or which will become due
hereunder with respect to the purchase of each such Commercial unit of
Equipment, less unearned interest, shall immediately become due and
payable. If any of the foregoing occurs, Seller shall have all the rights
and remedies of default available under Florida Law, except that Seller
shall not be entitled to recover any indirect or consequential damages or
loss resulting from Buyer failing to pay an installment to become due with
respect to any Commercial Unit of Equipment so affected after such default
has occurred.
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If seller shall fail to transfer to Buyer good and marketable title, free
of liens or encumbrances of any kind whatsoever, for any Commercial unit of
the Equipment purchased under this Contract, or if Seller shall repudiate
performance under this Contract, or if Seller shall otherwise fail to
observe, keep, o~ perform any provision of this Contract required to be
observed, kept, or performed, then, unless the default substantially
impairs the value of the whole contract, Seller shall be in default with
respect only to such Commercial Unites) which are directly affected by the
default or failure of Seller and unless Seller causes such default to be
cured within thirty (30) days after receipt of written notice thereof from
Buyer, upon default by Seller, Buyer shall be possessed of all the rights
and remedies of a Buyer in due course under the provisions of the Florida
Uniform Commercial Code. The foregoing rights and remedies of Buyer may be
exercised without impairing Buyer's interest in and title to any Commercial
unit of the Equipment acquired under this Contract and without limitation
to or waiver of any rights or remedies available to Buyer by law.
USE AND LOCATION OF EQUIPMENT
Each Commercial Unit of the Equipment shall be kept at its installation
address and shall not be moved without Buyer providing prior written notice
thereof to Seller. Buyer shall not use or deal with any Commercial unit of
the Equipment in any manner which is inconsistent with the terms of this
Contract, any policy of insurance referred to herein, or any applicable
laws, codes, ordinances and regulations. Buyer shall not allow any
Commercial unit of Equipment to be misused, abused, or wasted, or allowed
to deteriorate, except for ordinary wear and tear resulting from its
intended use. Seller shall have the right to inspect any Commercial unit
of the Equipment at any reasonable time, wherever located.
PREPAYMENT
At any time during the term of this Contract, Buyer shall be entitled to
prepay the principal balance in whole or in part without penalty of any
kind. However, an administrative fee of fifty dollars ($50) may be charged
Buyer by Seller on any such prepayment within twelve (12) months from the
effective date hereof.
ASSIGNMENT
Buyer shall give Seller not fewer than thirty (30) days prior written
notice of any proposed resale, lease, or assignment of any Commercial unit
of the Equipment acquired during the term of this Contract or any
assignment hereof. Such notice shall identify each Commercial unit of the
Equipment to be resold, leased, or assigned, and the date upon which such
sale, lease, or assignment is to be effective. If any Commercial unit of
the Equipment is to be resold, leased, or assigned, Buyer, at Seller's
option, will pay to Seller within thirty (30) days from the effective date
thereof, the total unpaid balance of installments due or which will become
due hereunder, with respect to each such Commercial unit of Equipment less
any interest then unearned.
Seller may assign any part or all of its interests under this Contract upon
prior written notice to Buyer. In the event of an assignment, Buyer shall
thereafter perform all the promises provided in this Contract to be
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performed by Buyer to such assignee or transferee. However, no such
assignment or transfer shall impair Seller's obligation to provide Buyer
with the performance provided in this Contract and, in the event of any
such assignment or transfer Buyer's rights to assert any claim or defenses
it may have under this Contract shall not be impaired as against Seller,
its assignee, or transferee.
NOTICES
It is agreed that thirty (30) calendar days shall constitute reasonable
notice for the exercise of any right held by either party to this Contract.
All notices or other communications required or permitted to be given
pursuant to this Contract and by law shall be in writing and shall be valid
and sufficient if delivered by hand or dispatched through the U.S. Postal
Service by Registered or Certified first-class mail, Return Receipt
Requested, postage prepaid to the addressees) set forth first herein, or
such other addresses as either party shall notify the other in writing. No
additional notice need be given to the installation addressees). Notices
dispatched through the U.S. Postal Service by Registered or certified
first-class mail, Return Receipt Requested, shall be given upon the date
received by addressee, as indicated in the executed Return Receipt.
In the event any notice, which has been dispatched in accordance with this
paragraph, is refused acceptance of delivery by the party to whom
addressed, notice shall be deemed to have been given as of the date of the
first attempt by the U.S. Postal Service to deliver same.
GENERAL
No delay or omission to exercise any right, power, or remedy accruing to
Seller or Buyer upon breach or default by either party under this Contract
shall impair any such right, power, or remedy of Seller or Buyer; not shall
any such delay or omission be construed as a waiver of any such breach or
default, or any similar breach or default thereafter occurring; nor shall
any waiver of a single breach of default be deemed a waiver of any such
subsequent breach or default. All waivers must be in writing.
This Contract shall be deemed to have been executed and entered into within
the State of Florida and any dispute arising hereunder shall be governed by
the laws of Florida. Any provision of this Contract in violation of the
laws of the State of Florida shall be ineffective to the extent of such
violation, without invalidating the remaining provisions of this Contract.
This Contract shall not be construed against a party because that party
wrote it.
The Section headings used herein are for convenience only and shall have no
significance in the interpretation of this Contract.
If delivery of the Equipment is not made at the time of the execution of
this Contract, Seller may insert the serial number and other marks used by
Seller to identify the Equipment on this Contract.
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FUNDING
Buyer, as an entity of Government, is subject to the appropriation of funds
by its city Commission 1n an amount sufficient to allow continuation of its
performance in accordance with the terms and conditions of this Contract
for each and every fiscal year following the fiscal year in which this
Contract is executed and entered into and for which this Contract shall
remain in effect. Buyer shall, upon receipt of notice that sufficient
funds are not available to continue its full and faithful performance under
this Contract, provide prompt written notice to Seller of such event and
effective thirty (30) days after the giving of such notice, or upon the
expiration of the period of time for which funds were appropriated,
whichever occurs first, be thereafter released of all further obligations
in any way related to such Equipment. In such event, Buyer may within
sixty (60) days thereafter sell, lease, or otherwise dispose for fair
consideration, which in no event shall be less than the balance of all
installment payments due or which will become due hereunder, each
Commercial Unites) of the Equipment so affected and from the proceeds
thereof pay to Seller all remaining sums due under the terms of this
Contract, pursuant to Exhibit A, less any interest then unearned, or may
return to Seller each Commercial Unites) of the Equipment so affected, as
follows: (i) Buyer shall deliver unencumbered title of the Equipment to
Seller, and (ii) the Equipment returned to Seller shall be in good
condition, reasonable wear and tear excepted. However, Buyer agrees (1)
not to cancel the contract under this provision if any funds are
appropriated to it for the acquisition (by purchase, lease, or otherwise)
of other functionally equivalent equipment for the fiscal year of
termination provided such action is not contrary to any expressed
legislative intent, and (2) to expressly include in its appropriation
request each year of the Contract a request for an appropriation to fund
the Contract.
Buyer and Seller understand and intend that the obligation of Buyer to make
payments hereunder shall constitute a current expense payable solely from
non-ad-valorem funds of the Buyer and shall not in any way be construed to
be a debt of the Buyer in contravention of any applicable constitutional or
statutory limitation or requirement concerning the creation of indebtedness
by the Buyer, nor shall anything contained herein constitute a pledge of
the ad-valorem tax revenues, funds or moneys of Buyer. Seller shall have
no right to require or compel Buyer to levy ad-valorem taxes for the
payments due hereunder.
In the event Buyer returns any of the Equipment for failure of
appropriations, Seller shall retain all sums paid by Buyer under this
Contract with respect to such Equipment and Buyer shall transfer to Seller
good and marketable title, free of liens or encumbrances of any kind
whatsoever, of the Equipment. However, if during such sixty (60) day
period Buyer identifies another political subdivision of the State of
Florida (as that term is defined in Section 103 of the Internal Revenue
Code of 1986, as amended) that is willing to assume all of the obligations
of the Buyer under the Contract (and Seller determines that such transfer
would not affect the tax-exempt nature of the obligation created under the
Contract and that such entity demonstrates acceptable creditworthiness)
Buyer may transfer such duties and obligations to such entity, thereby
terminating Buyer's liabilities for any duties or obligations to Seller
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under this Contract that are assumed by such entity. Seller shall be
reimbursed by Buyer or such other entity for any costs or expenses
resulting from such transfer of duties and obligations.
Thereafter, the successor agency shall be responsible for performing all
the obligations of Buyer described in this Contract.
ESSENTIAL USE
Buyer represents that: (a) the use of the Equipment is essential to its
proper, efficient and economic functioning or to the services that it
provides to its citizens; (b) Buyer has an immediate need for and expects
to make immediate use of substantially all the Equipment, which need is not
temporary or expected to diminish in the foreseeable future; and (c) the
equipment shall be used by the Buyer only for the purpose of performing one
or more of its governmental or proprietary functions consistent with the
permissible scope of its authority.
FORK 8038G
Buyer shall complete and file on a timely basis, Internal Revenue Service
form 8038G in the manner set forth in Section 149 (e) of the Internal
Revenue Code of 1986, as amended. Buyer will take and will cause its
officers, employees and agents, to take all actions legally within its
power necessary to ensure that the Interest Portion of the Rental Payments
does not become subject to federal income taxation under the Internal
Revenue Code of 1986 and treasury regulations promulgated thereunder.
Buyer represents, warrants and covenants that it shall not do, cause to be
done or fail to do any act if such act or failure to act will cause this
Contract or any transaction hereunder to be an arbitrage bond within the
meaning of section 148 of the Internal Revenue Code of 1986, as amended, or
a private activity bond within the meaning of Section 141 of the Internal
Revenue Code of 1986 as amended.
SELLER OR ASSIGNEE LIABLE FOR OWN ACTS
The Buyer expressly recognizes that Seller or its Assignee shall not be
held liable to Buyer except for the acts or omissions of their respective
officers, employees, or agents, and shall not be otherwise liable to Buyer
for damages sustained by Buyer as a result of Buyer's use or possession of
the Equipment.
DISCLAIMER OF WARRANTIES BY SELLER
Seller is not a manufacturer of the Equipment or a Dealer in similar
Equipment, does not inspect the Equipment prior to delivery to Buyer and
has not made and does not make any representation, warranty, or covenant,
expressed or implied, with respect to the Equipment. The Vendor shall
remain directly liable to Buyer under its warranty. Buyer shall look
directly to Vendor in the event of any claim for breach of such warranty.
ENTIRE CONTRACT
This Contract for Installment Sale and Purchase constitutes one contract
between Buyer and Seller with reference to the purchase of each Commercial
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unit of the Equipment described above, which contract supersedes any and
all prior written or oral agreements. This Contract consists of nine
numbered pages and Exhibit A, Payment Schedule. This Contract shall not be
modified except in writing signed by both parties.
NOTICE TO SELLER
Buyer hereby represents that it is a governmental entity, that it has the
capacity and authority to enter into this Contract, subject to the
availability of lawfully appropriated funds, and that the person executing
on behalf of Buyer has authority to do so. It is not the Buyer's intent to
become a reseller or re-marketer of equipment purchased pursuant to this
Contract.
NOTICE TO BUYER
1. Do not sign the contract before you read it or if it contains any
blank spaces.
2. You are entitled to an exact copy of the contract you sign.
3. Under the law you have the right to payoff in advance the full amount
due and under certain circumstances avoid the payment of additional
interest.
BUYER ACKNOWLEDGES RECEIPT OF A TRUE COPY HEREOF AND THE AGREEMENT HEREIN
REFERRED TO.
IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed by their respective representatives hereunto duly authorized, all
as of the day and year first above written.
citv of Clearwater
Buyer
ATTEST:
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By: ~\1"{l v.X C/. ~rIl/rfV'.NL/
Title: Assistant Finance Director
ATTEST:
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CITY OF CLEARWA TElA TER - SECURITY CAPITAL CORPORATION
Installment Sale and Purchase Amortization Schedule Exhibit A
Master Agreement Datnt Dated September 14, 1993
Schedule Number:
Equipment Description:
Charge Debt Service to:
Total Purchase Price:
Contract Date:
First Payment Date:
# Days to First Payment:
Index Rate in Percent:
Contract Rate Percent:
Pmt Date
12/31/93
3/31/94
6/30/94
9/30/94
12/31/94
3/31/95
6/30/95
9/30/95
12/31/95
3/31/96
6/30/96
9/30/96
12/31/96
3/31/97
6/30/97
9/30/97
12/31/97
3/31/98
6/30/98
9/30/98
Adjustment
Totals
Totals by Fiscal Year
Fiscal 93 - 94
Fiscal 94-95
Fiscal 95-96
Fiscal 96 - 97
Fiscal 97-98
Total Pmt
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
8,073.25
1
Thermoplastic Striping Unit Truck
566-06610
$143,266.00
11/19/93
12/31/93
42
5.03
4.9288
Interest
823.82
1,676.00
1,597.17
1,517.37
1,436.59
1,354.81
1,272.03
1,188.22
1,103.39
1,017.50
930.56
842.55
753.45
663.26
571.95
479.52
385.95
291.23
195.34
98.27
0.02
Principal
7,249.43
6,397.25
6,476.08
6,555.88
6,636.66
6,718.44
6,801.22
6,885.03
6,969.86
7,055.75
7,142.69
7,230.70
7,319.80
7,409.99
7,501.30
7,593.73
7,687.30
7,782.02
7,8n.91
7,974.98
(0.02)
I
Princ Sal
136,016.57
129,619.32
123,143.24
116,587.36
109,950.70
103,232.26
96,431.04
89,546.01
82,576.15
75,520.40
68,3n.71
61,147.01
53,827.21
46,417.22
38,915.92
31,322.19
23,634.89
15,852.87
7,974.96
(0.02)
0.00
161,465.00
---------- --------- --------------------
18,199.00
---------- -------------------
---------- -------------------
143,266.00
32,293.00
32,293.00
32,293.00
32,293.00
32,293.00
161,465.00
5,614.36
5,251.65
3,894.00
2,468.18
970.81
18,199.00
26,678.64
27,041.35
28,399.00
29,824.82
31,322.19
---------- -------------------
---------- -------------------
143,266.00
....
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Security Capital Corporation
3530 Ashford Dunwoody Road, Suite 152
Atlanta, Ga. 30319
RE: Contract for Installment Sale and Purchase dated as of November 19, 1993 by
and between Security Capital Corporation (Seller) and the City of Clearwater
(Buyer) .
Gentlemen:
I have acted as counsel to Buyer with respect to the attached Contract for
Installment Sale and Purchase and various related matters, and in this capacity have
reviewed a duplicate original or certified copy of the Contract and the Exhibits
attached thereto. Based upon the examination of these and such other documents as I
deem relevant, it is my opinion that:
1. Buyer is a municipal corporation and political subdivision of the State of
Florida (the State), duly organized, existing and operating under the constitution
and laws of the State.
2. Buyer is authorized and has power under State law to enter into the Contract,
and to carry out its obligations thereunder and the transactions contemplated
thereby.
3. The Contract has been duly authorized, approved, executed and delivered by and
on behalf of Buyer, and is a valid and binding contract of Buyer enforceable in
accordance with its terms, except to the extent limited by State and Federal laws
affecting remedies and by bankruptcy, reorganization or other laws of general
application relating to or affecting the enforcement of creditor's rights.
4. The authorization, approval and execution of the Contract and all other
proceedings of Buyer relating to the transactions contemplated thereby have been
performed in accordance with all open meeting, public bidding and all other laws,
rules and regulations of the State.
5. The execution of the Contract and the appropriation of moneys to pay the Rental
Payments coming due thereunder do not result in the violation of any constitutional,
statutory or other limitation relating to the manner, form or amount of indebtedness
which may be incurred by Buyer.
6. To the best of my knowledge, there is no litigation, action, suit or proceeding
pending or before any court, administrative agency, arbitrator or governmental body,
that challenges the organization or existence of Buyer, the authority of its
officers; the proper authorization, approval and/or execution of the Contract,
Exhibits thereto and other documents contemplated thereby; the appropriation of
moneys to make Rental Payments under the Contract for Buyer's current fiscal year;
or the ability of Buyer otherwise to perform its obligations under the Contract and
the transactions contemplated thereby.
7. Approval for purchase and financing of the equipment referenced in the Contract
was duly and validly adopted by Buyer's governing body on March 18, 1993, and such
approval has not been amended or repealed and remains in full force and effect.
8. The Contract does not constitute, and is not expected to become, an arbitrage
bond within the meaning of Section 148 of the Internal Revenue Code of 1986, as
amended, or a private activity bond within the meaning of Section 141 of the
Internal Revenue Code of 1986, as amended.
By:
f\bv. ''', ''if3
Date
10
-)
-,
Security Capital corporation
3530 Ashford Dunwoody Road, suite 152
Atlanta, Ga. 30319
RE: Contract for Installment Sale and Purchase dated as of January 28, 1994 by and
between Security Capital Corporation (Seller) and the City of Clearwater
(Buyer) .
Gentlemen:
I have acted as counsel to Buyer with respect to the attached Contract for
Installment Sale and Purchase and various related matters, and in this capacity have
reviewed a duplicate original or certified copy of the Contract and the Exhibits
attached thereto. Based upon the examination of these and such other documents as I
deem relevant, it is my opinion that:
1. Buyer is a municipal corporation and political subdivision of the State of
Florida (the state), duly organized, existing and operating under the constitution
and laws of the State.
2. Buyer is authorized and has power under State law to enter into the Contract,
and to carry out its obligations thereunder and the transactions contemplated
thereby.
3. The Contract has been duly authorized, approved, executed and delivered by and
on behalf of Buyer, and is a valid and binding contract of Buyer enforceable in
accordance with its terms, except to the extent limited by State and Federal laws
affecting remedies and by bankruptcy, reorganization or other laws of general
application relating to or affecting the enforcement of creditor's rights.
4. The authorization, approval and execution of the Contract and all other
proceedings of Buyer relating to the transactions contemplated thereby have been
performed in accordance with all open meeting, public bidding and all other laws,
rules and regulations of the State.
5. The execution of the Contract and the appropriation of moneys to pay the Rental
Payments coming due thereunder do not result in the violation of any constitutional,
statutory or other limitation relating to the manner, form or amount of indebtedness
which may be incurred by Buyer.
6. To the best of my knowledge, there is no litigation, action, suit or proceeding
pending or before any court, administrative agency, arbitrator or governmental body,
that challenges the organization or existence of Buyer, the authority of its
officers; the proper authorization, approval and/or execution of the Contract,
Exhibits thereto and other documents contemplated thereby; the appropriation of
moneys to make Rental Payments under the Contract for Buyer's current fiscal year;
or the ability of Buyer otherwise to perform its obligations under the Contract and
the transactions contemplated thereby.
7. Approval for purchase and financing of the equipment referenced in the Contract
was duly and validly adopted by Buyer's governing body on June 3, 1993, and such
approval has not been amended or repealed and remains in full force and effect.
8. The Contract does not constitute, and
bond within the meaning of Section 148 of
amended, or a private activity bond within
Internal Revenue C e of 1986, as amended.
is not expected to become, an arbitrage
the Internal Revenue Code of 1986, as
the meaning of section 141 of the
By:
1-11-'/
Date
10
~If~
V~# ",,//.;2.7' .. .
I Clearwater City Commission I
Agenda CONSENTI;ll1ldwil ~S
Item # #.;{3
Meetin~ Date: 6/3/93
:;l
SUBJECT:
Purchase of 3 Front-Loading Solid Waste Trucks
RECOMMENDA TION/MOTION:
Award a contract to Metro-Tech Equipment Company, Sarasota, FL, for the purchase of 3 Peterbilt 320 front-loading solid
waste trucks, at a total cost of $359,742 ($119,914/each), which is the lowest, most responsive and responsible bid submitted
in accordance with specifications; financing to be provided under the City's master lease-purchase agreement with AT&T Credit
Corporation,
1m and that the, appropriate officials be authorized to execute same.
BACKGROUND:
Vehicle Nos. 2080.158 (1985 Mack-Leach), 2080.160 (1985 Crane Carrier), and 2080.177 (1987 Crane Carrier) are scheduled
for replacement and were approved by the City Commission during its budget hearings.
Bids were solicited for 3 front-loading solid waste trucks. Metro-Tech Equipment Company and Crane Carrier Corporation
submitted bids for this purchase. Five firms did not respond to the bid solicitation for the following reasons: 3 were unable
~o meet specifications, 1 was unable to bid due to the City being out of its assigned territory, and 1 vendor did not receive the
bid package.
The Solid Waste Division requested a demonstration from Metro-Tech Equipment Company of its Leach 40-cubic yard front-
loading refuse truck. From March 8 through March 18, 1993, a demonstration unit was provided and used by Solid Waste
personnel. After careful evaluation of the demonstration unit, the Solid Waste Division recommended purchase of the Leach
vehicles on April 2, 1993.
Funding for this purchase is budgeted in project Motorized Equipment-Lease Purchase, 315-94221, which has an available
balance of $1,567,368, as of April 15, 1993.
This lease-purchase will be financed under the City's master lease-purchase agreement with AT&T Credit Corporation. Fiscal
year 1992/93 budgetary impact will be approximately $20,534 (principal: $15,872; interest: $4,662).
Reviewed by:
Legal
Budget
Purchasing
Risk Mgmt.
CIS
ACM
Other
it
f>.,)
11
--"?N/A
N/A
Costs:
S 359.742
Total
~isSion Action:
Approved
o Approved w/conditions
o Denied
o Continued to:
User Dept:
Public works/Util./SOli'Jw~e
[ Advertised:
, Date: 12/29/92 & 118/93
Paper: P.C. Review & Tampa
$, Tribune
, '0 Not Requi red
I Affected Parties
o Notified
1m Not Requi red
S 20.534
Current Fiscal Yr.
FlPfing Source:
1m Capital Imp.
o Operating
o Other
Attachments:
Bid Tabulation/Bid Summary,
Vendor List, and
Specifications
Appropriation Code:
315-94221-56460-590..000
o None
."'.
~~ Printed on recycled paper
...
I
I
ASSIGNMENT
This Assignment, dated January 28,1994, is hereby given by Security Capital Corporation, a Kansas
corporation (the "Assignor"), to Koch Financial Corporation (the "Assignee"), whose mailing address is 4111 East
37th Street North, Wichita. Kansas 67220.
WITNESSEm:
WHEREAS, Assignor has entered into that certain Contract for InstaIlment Sale and Purchase, dated as of
January 28, 1994 (the "Agreement"), with City of Clearwater ("Lessee"), pursuant to which the equipment more
particularly described therein (the "Equipment") is being sold to Lessee under the terms stated in the Agreement;
WHEREAS, Assignor desires-to sell, assignandtransfertQAssigI'-.ee,Assig1Ml1~'srigl1t, title and interest
in, to and under the Agreement and the Equipment upon the terms and conditions stated below; -,- ' .-
NOW, TIlEREFORE, in consideration of the premises, the covenants contained herein, and other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, Assignor hereby sells,
transfers, delivers and assigns to Assignee, its successors and assigns, without recourse, all of its right, title and
interest in, to and under the following items:
(1)
thereto, and
the Agreement, together with all amendments, agreements, documents and writings relating
(2)
the Equipment
Assignor is not assigning any of its obligations to Lessee under the foregoing to Assignee, and Assignee
shall not be deemed to have assumed any of those obligations by virtue of this Assignment.
Assignor irrevocably constitutes and appoints Assignee and any present or future officer or agent of
Assignee, or the successors or assigns of Assignee, as its lawful attorney with full power of substitution and re-
substitution, and in the name of Assignor or otherwise, to collect and to sue in any court for payments due or to
become due under the Agreement, or any part thereot: to withdraw or settle any claims, suits or proceedings
pertaining to or arising out of the Agreement upon such terms as Assignee in its discretion may deem to be in its
best interest, all without notice to or consent of Assignor, and, further, to take possession and to endorse in the
name of Assignor any instrument for the payment of money received on account of the payments due under the
Agreement.
Assignor has authorized and directed Lessee, in writing, to pay to Assignee, its successors and assigns, all
payments due or to become due under the Agreement (except for the Excepted Payments) from and after the date of
this Assignment by forwarding such payments to the address set forth above, a copy of which authorization and
direction, acknowledged by Lessee, has been furnished to Assignee.
Assignor hereby represents, warrants and covenants to and with Assignee as follows:
(a) Assignor is a corporation duly organized, validly existing and in good standing under the laws of
the state of its incorporation, with corporate powers and authority to own its property (if applicable) and carry on
its business as now being conducted.
(b) Assignor is duly qualified to transact business and hold property in every state where the
Equipment is located (if applicable).
".
I
I
(c) Assignor bas full power, authority and legal right to enter into and perform its obligations under
this Assignment and the Agreement, and the execution, delivery and performance thereof bas been duly authorized
by all necessary corporate actions on the part of Assignor, and does not require any stockholder approval or the
approval or consent of any trustee or holder of any indebtedness or obligations of Assignor unless such required
approvals and consents have been duly obtained.
(d) The execution, delivery and performance of this Assignment and the Agreement do not
contravene any provision of the Certificate of IDcorporation or Bylaws of Assignor and do not and will not result in
any breach of or constitute a default under any indenture, mortgage, contract, agreement or instrument to which
Assignor is a part or by which it or its property is bound.
(e) This Assignment and the Agreement are legal, valid and binding contracts of the Assignor,
. enforceable according to their terms, except as such enforcement is subject to applicable principles of equity and
moratonUms. and laws affecting creditor's rights generally;
(f) There is no pending or threatened action or proceeding before any court or administrative agency
which will adversely affect the ability of Assignor to perform its obligations under this Assignment and the
Agreement.
(g) Assignor has no knowledge of any facts or information which:
(i) impair the validity of the Agreement;
(ll) make it less valuable; or
(iii) if presented or disclosed to Assignee, would have materially influenced Assignee's decision to
execute this Assignment.
(h) There are no oral or written agreements that would affect, modify or impair the Agreement,
which is the final and complete understanding between Assignor and Lessee with respect to the Agreement and the
Equipment.
(i) The Agreement and the Equipment are free and clear of all claims, liens, security interests and
encumbrances of any kind or character, except the rights of Lessor under the Agreement and except as
contemplated in the Agreement. The Agreement and the Equipment are and shall remain free of all claims, liens,
security interests and encumbrances arising through any act or omission of Assignor.
(j) The Agreement is a Rstate or local bondR within the meaning of Section I03(a) of the Internal
Revenue Code of 1986, as amended, and the interest portion of the payments due thereon is not includible in gross
income of the recipient for federal income tax purposes.
(k) Assignor bas complied with and performed all obligations of Lessor under the Agreement and all
related documents and instruments.
(I) The Agreement delivered to Assignee herewith is an original and constitutes the entire writing,
~~ooandagree~~~theAssignorandLessee~gtheEq~me~the~~the~andthe
payment therefor by Lessee.
(m) The Agreement is in full force and effect and there is currently no default in the performance of
any obligation thereunder and the Lessee bas not asserted any set-off, counterclaim or defense with respect to its
obligations under the Agreement.
Assignor will hereby agrees to indemnify, defend and hold Assignee harmless from and against all claims,
. . a....
I
J
losses, costs and expenses arising from or growing out of the failure of Assignor to keep or perform any of the
warranties, covenants or agreements contained in this Assignment or the Agreement or arising from or growing
out of the operation of, or attempt to operate, the Equipment
Assignor from time to time, at the request of the Assignee, sball execute and deliver such further
acknowledgments, agreements and instruments of assignment, transfer and assurance, including bills of sale for
the Equipment, and do all such further acts and things as may be necessaJy or appropriate in the reasonable
opinion of Assignee to give effect to the provisions hereof and to more perfectly confirm the rights, titles and
interests hereby assigned and transferred to Assignee.
This Assignment (including without limitation all representations, warranties and covenants) shall be
binding on Assignor and its successors and assigns. and will inure to the benefit of Assignee and its successors and
assigns (including without limitation any subsequent assignees of any right, title or interest assigned hereby).
This AsSigrimenlWiUbe govemedbYtlielaws~ofthe StateoiKansas.u,c
IN WITNESS WHEREOF, Assignor has executed this Assignment as of the date first above written.
~;~L
Title VILe: ~~I..Qa1r
jhbform\assign
I
I
To:
Koch Financial Corporation
Date: August 27, 1993
Lessee:
City of Clearwater, Florida -$ 4,700,000
Lessor:
Security Capital Corporation, Lenexa. Kansas
Transaction Summary: Koch Financial Corporation ("Koch") has been offered the financing of
a series of tax-exempt, equipment lease purchase agreements with the City of Clearwater, Florida
(City) by Security Capital Corporation. The proceeds of the transaction will be used for the
purchase of various equipment to be acquired over the next year. Our pricing will be indexed to a
percentage of the Treasury Constant Maturities. Equipment to be acquired ranges from a police
dispatch system for the police, trucks and cars for various departments and lap top computers. A
complete list is in the file. Each draw down will be structured as an individual lease, with Security
Capital preparing all documentation.
Credit Ratinl!: The City has general obligation debt rated (AI) by Moody's Investor
Service and (A+) by Standard & Poor's Corporation..
Lessee Profile: The City of Clearwater is a municipal corporation chartered by the State
of Florida in 1915. The City is located on the State's west coast, just north of St. Petersburg and
west of Tampa. The City currently has an estimated population of 100,000 residents.
Terms and Conditions:
Term:
Payments:
Amount:
Five Years
Quarterly
$4,700,000
Lessee Rate:
97.985% of the five (5) Year TCM at the funding for
each schedule ( Currently 5.02% or 4.92% to Lessee)
The Lessor will receive a fee of .319% of each funding
amount.
Currently- 4.79% (1.67% ROA on "AA" Credit)
(1.54% ROA on "A" Credit)
Premium:
Yield to Koch:
Prepayment premium will be covered in the amortization schedule.
Documentation:
Documents will be reviewed and approved by Koch Legal prior to purchase.
~al Recommended:
~L-p.. 8;2 7193
Paul T. Haerle D'te r
(').~
(/~~ l)~
fl .. omps Date
C. 1. Nelson
d~~C()
Date
~~tJ)wu~~Ms~
~ ~S)AuJ ~'5o~ W
u,e QP1>O~ ~ @
I
INVOICE~928j
@
1855 Plymouth Road, N.W. · P.O. Box 94108
Atlanta, Georgia 30318
(404) 351-9780
FAX (404) 350-9673
SI
o F16672
L TRAFFIC ENGINEERING
D ATTN: JOHN AMIRO
T 10 SOUTH MISSOURI AVE
o ~EARWATER, FL 34616
SI
H
I FLEET MAINTENANCE
P CITY OF CLEARWATER
T 1900 GRAND AVENUE
o l.E.LEARWATER, FL 34625
SHIP #
PCC
ORDER NO.
CUSTOMER P.O. NUMBER
SHIP VIA
F.O.B.
SHIP DATE
TERMS
SLM
NO.
005269
024254
SEE BELOW
F. NEELEY
DELIVERED
10/11/93 NET 30
FL
ORDERED
QTY. SHIPPED UM DESCRIPTION UNIT PRICE EXTENSION
1 HERCULES TRUCK 143266. 0000 143,266.00
2 EA 135G/2000 AJ KETTLE .0000 " 00
D-PMOO045
1 EA DIESEL POWERED 160 CFM .0000 .00
1 EA 60 GAL. PRESSURIZED .0000 .00
PO#-699 0000001454 000
SUB TOTAL 1~,266 00
PLEASE PAY C 143, 266.0q)
1
2
1
1
r- ,..., E \\1 I;:. 0
Rt:.v ,~
t~u\l ? '093
0\- (" \"!'''l..v,!!\IER
CITY - ,L:"\ I"
F\N,~NCE O\v.
TERMS: NET 30 DAYS FROM DATE OF INVOICE
INTEREST: 18% PER ANNUM AFTER 30 DAYS
KINDLY PAY ON INVOICE
NO STATEMENT WILL BE SUBMITTED
Compliance with Applicable Laws - The Company will comply with all Federal, State, and local laws with respect to the manufacturer and shipment of the goods
and products being shipped pursuant to this order. And the company further states that these products were produced in compliance with the Fair Labor Standards
Act, the Equal Opportunity Employment Act, and other applicable Federal, State, and local laws.
Notwithstanding any current or additional terms that may be embodied in your purchase order, your order is accepted only on the conditions that you expressly assent
to the Terms And Conditions contained above and on the reverse side thereof.
THE fACE OF THIS DOCUMENT HAS A COLORED BACKG~OUND ON WHIT' . PER '
No.13 822~1 '.
6i's12 "
--e31~ .
Od~Ola~22(, t
.1 ..........,'"
$**143 aa6. 60'~;
, ;;~i ....
,/;'
:.}
B'tr~l~Bank' I CITY'.. OF' CLEo ARW' ATER t
of .Pm ell as County, N.A.
"OT~AL;D ArTER 80 DAYS CONSOllbA TED CASH ACCOU T
.~.. ~~y .*.....:~:~:::T::4'3L~~<:: A::/:::::o ......:~:......
TO:+H1:: ~R6ER OF
,
"" :1
rr,'p~VE MARK CORP
pj b ~OX 94108
AtrLAN'l'A, GA 30318
.
049289
049290
'I
'I
'~~
i
~ (Q)~o[N] ~@(Q)'V'~~~l~re
-1
. .
. .. . .
:~ INVOI~E: AMou~t;
143.266.00
10U.00
0000001454-
R134855-C.A
_~_. _:!....:.-.,.............. ~.~__,_--......;...,,~.. ,--........ ~-_~.... .-L...... ~__-..:...__~___
CODE:
'v <-;~ 7
00
v 99 IlifS1
{
I Clearwater City Commission
Agenda Cover Memorandum
I
Item #
Meeting Date:
2/
,
3118/93
CONSENT-
ewa
SUBJECT:
PURCHASE OF THERMOPLASTIC STRIPING UNIT
RECOMMENDATION/MOTION:
Declare city Vehicle 1331.97 surplus, and award a contract to purchase a
thermoplastic striping unit for the Public Works/Transportation Group at a cost
of $153,766.00 from Pave-Mark corporation of Smyrna, Georgia, being the lowest,
most responsive bid submitted in accordance with the specifications, and include
the trade-in of city Vehicle 1331.97 for a credit of $10,500.00 (resulting in a
net cost of $143,266.00), and authorize lease purchase through 1998; financing to
be provided under the city's Master Lease Purchase Agreement with AT&T Credit
corporation
~ and that the appropriate officials be authorized to execute same.
BACKGROUND: The Transportation Group has long used oil-based traffic paint for marking traffic Jines on the City's streets
and roadways. Oil-based paint has several drawbacks, including a relatively short life, a long drying time, and application and
clean-up environmental concerns. The pavement markiIlg industry has directed itself towards the use of an alkyd resin based
thermoplastic material, applied at a temperature of 400 degrees to the pavement surface. Thermoplastic has a much longer life
span, cures to traffic impact almost immediately upon application, and minimizes the effects on the environment in that the use
of flammable solvents is discontinued.
Public Works/Transportation has identified the conversion to thermoplastic as a goal for Fiscal Year 1992/93. A discussion
of thermoplastic pavement marking materials, prepared by the Transportation Group, and a memorandum from the Public
Works/Environmental Group discussing the environmental aspects, are attached.
The Transportation Group recommends the declaration of the existing paint striping vehicle (City Vehicle 1331.97) a 1983 Ford
truck, as surplus, thus making it available for trade. The Transportation Group also recommends the award of the purchase
of the thermoplastic striping unit to Pave Mark, and recommends that City Vehicle 1331.97 be traded to Pave Mark for credit
toward the purchase of this vehicle.
Lease purchase funding for this purchase will be provided in Project 315-4221 (Motorized Equipment - Lease Purchase) which
has available budget authorization as of 3/09/93 of $2,084,200. This lease purchase will be financed under the City's Master
Lease Purchase Agreement with AT&T Credit Corooration. Fiscal Year 1992/93 budgetary impact will be approximately
$16,190 (principal: $14,041; Interest: $2,149). .. .
d:~/f~
PY/TRANSPORTATION GR
$ 143.266.00
Total
fission Action:
Approved
Approved w/conditions
o Denied
o Continued to:
Reviewed by:
legal
Budget
Purchasing
Risk Mgmt.
CIS
ACM
Other
Originating Dept:
IA
N/A
N/A
~~TOR POOL
User Dept:
PY/TRANSPORTATION GROUP
$ 143.266.00
Current Fiscal Yr.
c!0
Advertised:
Date: 11/13/92; 11/20/92
Paper: Pin Cty Rev; Tampa Trib
o Not Requi red
Affected Parties
~ Notified
~ Not Requi red
Fl.Wlding Source:
~ Capital Imp.
o Operat i ng
o Other
Attachments:
1) Memo from PY/Environmental
Group dtd 1/22/93
2) Report on Thermoplastic
3) Bid Sheet
4 & 5) Memos from Pete Yauch
dtd 12/16/92 & 3110/93
slbni
Appropriation code: j
315-94221'564100-590-000
o None
o
recycled paper
..' ,
.
,: PUFlCAASE ORDER:
CITY OF CLEARWATER
PURCHASING DIVISION
I P.O. BOX 4748 PHOr-:JE (813) 462-6860 I
CLEARWATER, FLORIDA 34618-4748 ;
FLORIDA SALES TAX EXEMPTION CERT. NO. 62-02-134859-5 C
FEDERAL EXCIS::: TAX EXEMPTION NO. 59-78-0105K
P.O. DATE
03/22/9:~
MAIL TWO COPIES OF INVOICE TO:
NO.f"i99 00000014[14 000
HFI,-J1D DATE: 09/10/~'3
CITY OF CLEARWATER
ANANCEDEPARTMENT
P.O. BOX 4748
CLEARWATER, FLORIDA 34618-4748
SHIP TO:
FLEET /'Ii\[ NTl'NANCE
CITY OF CLK,I.Hh-'A'l'fi:n
1900 GHAND,VENlTE
CLE,i\f/lv:.\TEI? FL ;qn25
VENDOR NAME:
PA VF.-I'fA HK Cf)HP(IH ,\'1'1011
18 /) 5 PC Hfoe'Tfl no.\ n ~.: \~.
ATTENTION: 24 HOUR ADVANCE NOTIFICATION REQUIRED
ON ALL SHIPMENTS TO CITY OF CLEARWATER LOCATIONS.
DIRECT ALL COMMUNICATIONS ON THIS ORDER TO:
ATLANTA U,\
DEPARTMENT
FI,E!':T "'ATNT
ITEM
to .
-
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001
30:1 18- :'.~8G~.~
DONALD LONt;
8 J a /IHi :;; -. 68 3 ~l
F,O.B.
PAYMENT TERMS
;'1.E "!<'I'A] En
NET' 2.0
UNIT
DESCRIPTION
UNIT PRICE
TOTAL PRICE
(
EA(~J1 NFl-,' SI;:/,F-C(INTr\JNED THF:fmO~ ~,*********;c143,2(10.00
f-.LAS'IfC ;;'I'IUl'ftW l.lNIT, PEH ::;PECIFICATJONS OF ItIII
~;3 -!~ ,',~ '.
(ll "\CII 11?,\llF.-IN VALlIE OF UNIT iiJ:nl.~171 A
19H:~ F"(lfHl 1);\JI-1/' STHIP:lNO HACIITNF........ .~:lO.500.0(1
APPH.,I\'I~Li flY (., n ComllSSJON 0.11 tI~/93.
~P@[[1][I[~
" NO,V ,0,,2 199~111;
37&&- I
I', '.:"<.;:-TU )
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r-" [- ,.... Elf' [- [
~ -~ C C..I ~_= \::: )
[:0'/
~ t
n 'UOj"
i~ to
---.. -- -...-..-------------
CITY OF CL.Ei\'lWATER
FIN/\NCh DIV.
DISCOUNTS: On any discount, time will be computed
from date of satisfactory delivery of all items or from
date correct invoice is received, whichever is the later date,
TOTAL .AHOUNT
143" 2Mio 00
,~'
ENTERED NOV 0 3 1983 /':L.~'~d.(;'(/ ,/I~A~.
eby Certify That The Items ecified Above Have Been RecfJived, Inspected for Conformance to Cp11tracI ReqJements arnf\ /
Acce fil as Indicate i "Qu . Received" Column.
DepVDiv,
1/-1- 93
CHECK ONE
D THIS IS A PARTIAL DELIVERY
bJ THIS IS A FINAL DELIVERY
Dale Received
RECEIVING COpy