MEARS LEASE PURCHASE SCHEDULE 10-BCITY OF CLEARWATER
POST OFFICE. Box 4745, 0.11ARV V11A, FwRllm 3375~5-174 3
M!°vx:€ML SE:RVIC,,; WILDING, 100 SOUTH M)'RTi,E; A1-ENUl:, t.;€EARLU: 1178, Ft.Ilu€t}A 33'50
TO: Mears Motor Leasing
3905 E1 Rey Road
Orlando, Fl. 32808
407-298-2982
ATTN: Joanne Cornier
FROM: City of Clearwater
RE: Lease Purchase Draw Request
1. Request No.: 10-B
May 5, 2010
2. Please Pay: $1,229,407.29 dollars (see lease term schedules)
We hereby request this disbursement from the line of credit under the Master Lease
Agreement and, in connection therewith, certify and agree as follows:
A. The undersigned has not previously drawn down any amount of the line of credit
for the current expenditures;
B. The items covered by this request have been or are being purchased in accordance
with the terms of the Master Lease Agreement.
PAYMENT INSTRUCTIONS
Banking Information
Bank Name Bank of America
Bank ABA Number 026009593
Account Number 001260030758
Account Name City of Clearwater Consolidated Cash
Dated:
Signed
Margaret Simmons, Finance Director
"E)( Ai. I: fE f,i11.ti1}.til' I" ]) 1?FE IRY11'!'!1'p; A(A E11- Rmi,m n'l;it"
DISBURSEMENT DETAILS
5-Year Lease Terra
Invoice No. Vendor Description Amount
SL-0010412 Thompson Pum p 2 8" Vacuum Trash Pumps 65,474.00
12301976 Wesco Turf Inc 4 Toro 2595-D Lawnmowers 47,388.68
FAR173479 Alan Jay Automotive 2010 GMC Yukon 32,176.00
FAR185915 Alan Jay Automotive 2010 GMC Yukon 35,307.00
40346170 Wesco Turf Inc Toro Grounds master 328-D Lawnmower 19,767.61
803-1624 Rush Truck Center 2011 Peterbilt Cab & Chassis 224,088.00
803-1622 Rush Truck Center 2011 Peterbilt Cab & Chassis 224,088.00
803-1623 Rush Truck Center 2011 Peterbilt Cab & Chassis 224,088.00
803-1625 Rush Track Center 2011 Peterbilt Cab & Chassis 224,088.00
AUA59487 Duval Ford 2010 Ford Explorer 23,106.00
Total 5-Year Term $ 1,119, 571.29
3-Year Lease Term
Invoice No. Vendor Description Amount
55196 Daytona Harley-Davidson 2010 FLHTP Harley Davidson Motorcycle 16,100.00
55195 Daytona Hanley-Davidson 2010 FLHTP Harley Davidson Motorcycle 16,100.00
55789 Daytona Haley-Davidson 2010 FLHTP Harley Davidson Motorcycle 16,100.00
55788 Daytona Harley-Davidson 2010 FLHTP Harley Davidson Motorcycle 16,100.00
AUA36641 Duval Ford 2010 Ford Explorer 22,718.00
AUA36642 Duval Ford 2010 Ford Explorer 22,718.00
Total 3-Year Term $109,836.00
836
Residual Value $ -
Yearly Interest Rate 3.02%
Number of Years 3
Payment Terms Quarter)
Payment Type Arrears
Compound Type Equal Payment
Principal Start Date 515110
First Payment 7/1/2010
ea
Payment # Date Payment Interest Princip al Reduction Principal
Totals
12 115,301 5,465 109,836
Schedule
1 7/1/2010 $ 9,608,38 $ 829.26 $ 8,779.11 $ 101,056.89
2 1011/2010 $ 9,608.38 $ 762.98 $ 8,845.40 $ 92,211.49
3 111/2011 $ 9,608.38 $ 696.20 $ 8,912.18 $ 83,299.31
4 411/2011 $ 9,608,38 $ 628.91 $ 8,979.47 $ 74,319.84
5 711/2011 $ 9,60838 $ 561.11 $ 9,047.26 $ 65,272.58
6 10/1/2011 $ 9,60&38 $ 492.81 $ 9,115.57 $ 56,157.01
7 111/2012 $ 9,608.38 $ 423.99 $ 9,184.39 $ 46,972.62
8 411/2012 $ 9,608.38 $ 354.64 $ 9,253.73 $ 37,718.89
9 711/2012 $ 9,608.38 $ 284.78 $ 9,323.60 $ 28,395.29
10 1011/2012 $ 9,608.38 $ 214.38 $ 9,393.99 $ 19,001.29
11 111/2013 $ 9,608.38 $ 143.46 $ 9,464.92 $ 9,536.38
12 41112013 $ 9,608.38 $ 72.00 $ 9,536.38 $ (0.00)
$ - $ - $ - $ -
Residual Value
Yearly Interest Rate
Number cf Years
Payment Terms
Payment Type
Compound Type
Principal Start Date
First Payment
Pa ment # a Payment Interest Princi pal Reduction Principal
Totals
20 $ 1,213,211 $ 93,640 $ 1,119,571
Schedule
1 71112010 $ 60,660.55 $ 8,704.67 $ 51,955.88 $ 1,067,615.41
2 101112010 $ 60,660.55 $ 8,300.71 $ 52,359.84 $ 1,015,255.57
3 111/2011 $ 60,660.55 $ 7,893.61 $ 52,766.94 $ 962,488.53
4 41112011 $ 60,660.55 $ 7,483.35 $ 53,177.20 $ 909,311.43
5 71112011 $ 60,660,55 $ 7,069.90 $ 53,590.65 $ 855,720.77
6 10/1/2011 $ 60,660.55 $ 6,653.23 $ 54,007.32 $ 801,713.45
7 111/2012 $ 60,660,55 $ 6,233.32 $ 54,427.23 $ 747,286.22
8 411(2012 $ 60,660.55 $ 5,810.15 $ 54,850.40 $ 692,435.82
9 7/1/2012 $ 60,660.55 $ 5,363.69 $ 55,276.86 $ 637,158.96
10 10/1/2012 $ 60,660.55 $ 4,953.91 $ 55,706.64 $ 581,452.32
11 1/1/2013 $ 60,660.55 $ 4,520.79 $ 56,139.76 $ 525,312.56
12 4/1/2013 $ 60,660.55 $ 4,084.31 $ 56,578.25 $ 468,736.32
13 711/2013 $ 60,660.55 $ 3,644.42 $ 57.018.13 $ 411,720.19
14 10/1/2013 $ 60,660.55 $ 3,201.12 $ 57,459.43 $ 354,260.76
15 111!2014 $ 60,660.55 $ 2,754.38 $ 57,906.17 $ 296,354.59
16 4/1/2014 $ 60,660.55 $ 2,304.16 $ 58,356.39 $ 237,998.20
17 71112014 $ 60,660.55 $ 1,850.44 $ 58,810.11 $ 179,188.08
18 1011/2014 $ 60,660.55 $ 1,393.19 $ 59,267.36 $ 119,92072
19 11112015 $ 60,650.55 $ 932.38 $ 59,728.17 $ 60,192.55
20 411/2015 $ 60,660.55 $ 468.00 $ 60,192.55 $ 0.00
For. 8038-G I Information Return for Tax-Exempt Governmental Obligations
¦ Under Internal Fieversue Code section 149(e) OMB No. 1545-0720
(Rev. November 2000) ¦ See separate Instructions.
Ubamal H®ntavofenue the 5ervlce Treasury
Caution: if the issue price is under $'100 WO, use Form 80.38-GC.
lntemat
LMM Reporting Authority If Amended Retum. check here ¦ ?
I Issuer's name 2 Issuer's employer identification number
City of Clearwater 59 ; 6440289
3 Number and street (or P.Q. box if mail is not delivered to street address) Room/suite 4 Report number
PO Box 4748 3 10-03
5 City, town, or post office, state, and ZIP code 6 date of issue
Clearwater, FL 33758-4748
7 Name of issue 8 CUSIP number
Master Lease Agreement No. 10-B NIA
9 Name and title of officer or legal representative whom the IRS may call for more information 10 Telephone number of offioer or legal representative
Clement Vericker, Debt Specialized Accounting Manager ( 727 ) 562.4520
11
12
13
14
15
16
17
1$
19
20
type err Issue (cnecK appllcaoie uox(esl ana enter the issue price} See instructions and attach schedule
? Education . . . . . .
? Health and hospital . . . . . . . . . . . . . . . . . . . . . .
? Transportation . . . . . . . . . . . . . . . . . . . . . .
? Public safety. . . . . . . . . . . . . . . . . . . . . . . . .
? Environment (including sewage bonds) . . . . . . . . . . . . . . . .
? Housing . . . • • . . . . . . . . . . . . . . . . . . . . .
? Utilities . . . . . . . . . . . . . . . . . . . . . . . . . .
? Other. Describe ¦
If obligations are TANS or RANs, check box ¦ ? If obligations are BANS, check box ¦ ?
If obligations are in the form of a lease or installment sale, check box ¦ ? WA
Description of Obligations. Complete for the entire issue for which this form is being filed.
(a) Final maturity date tip) Issue price (c) Stated redemption (d) Weighted tat Yield
price at maturity average maturity
21 04/01/2013 $ 109,836 $ 109,838 3 years 3.02 %
_
Uses of Proceeds of Bond Issue (including underwriters' discount
22 Proceeds used for accrued interest . . . . . . . . . . . . . . . . . . . . 22
23 Issue price of entire issue (enter amount from line 21, column (b)) . . , , , . . 109,836
24 Proceeds used for bond issuance costs (including underwriters' discount) 24
25 Proceeds used for credit enhancement . . . . . . . . . . . . 25
26 Proceeds allocated to reasonably required reserve or replacement fund . 25 1
27 Proceeds used to currently refund prior issues . . . . . . . . . 27
28 Proceeds used to advance refund prior issues . . . . . . . . . 28
29 Total (add lines z 4 through 28) . . . . . . . . . . . . . . . .
30 Nonrefundin roceeds of the issue (subtract line 29 from line 23 and enter amount here) .
Description of Refunded Bonds (Complete this part only for refunding bonds.)
31 Enter the remaining weighted average maturity of the bonds to be currently refunded . . . ¦ NIA years
32 Errter the remaining weighted average maturity of the bonds to be advance refunded . . . ¦ NIA years
33 Enter the last date on which the refunded bonds will be called . . . . . . . . . . . ¦
34 Enter the date(s) the refunded bonds were issued ¦
LiCa LT&MIscellaneous
35 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) 35
36a Enter the amount of grass proceeds invested or to be invested in a guaranteed investment contract (see instructions) 36a
b Enter the final maturity date of the guaranteed investment contract ¦ __ MR
37 Pooled financings: a Proceeds of this issue that are to be used to make loans to other governmental units 372
b If this issue is a loan made from the proceeds of another tax-exempt issue, check box ¦ ? and enter the n ame of the
issuer ¦ and the date of the issue ¦
38 If the issuer has designated the issue under section 265(b)(3)(B)(i}(III) (small issuer exception), check box . . . ¦ ?
39 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box . . . . . . . . . . . ¦ ?
40 If the issuer has identified a hedge, check box ¦ ?
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge
and belief, they are true, correct, and complete.
Sign
Here 4
1 1 j ,, 3Z,
0 IL Margaret L. Simmons, Finance Direct
Signature of issuer's authorized representatnte Date Type or print name and title
12
. 13
14
15
16
. - 17
18 109,836
For Paperwork Reduction Act Notice, see page 2 of the Instructions. Cat. No. 637735 Form 8038-G (Rev. 11-2000)
G)
Form 8038-G Information Return for Tax-Exempt Governmental Obligations
{Rev. November 2000) ¦ Under Internal Revenue Code section 149(e) OMe No. 1545-0720
¦ See separate Instructions.
Inof the
mury Intternal ernal Reverl ue Serri Trice
Caution: If the issue price is under $100,000, use Form 8038-GC.
' Reporting Authority If Amended Return, check here ¦ ?
1
Issuer's name _
2 Issuer's employer identification number
City of Clearwater 59 ; 6000289
3 Number and street (or P.O. box H mail is not delivered to street address) Room/suite 4 Report number
PO Box 4748 3 10-04
5 City, town, or post office, state, and ZIP code 6 Date of issue
Clearwater, FL 337584748
7 Name of issue 8 CUSIP number
Master Lease Agreement No. 10-B NIA
9 Name and title of officer or legal representative whom the IRS may call for more information 10 Telephone number of officer or legal representative
Clement Vericker, Debt Specialized Accounting Manager ( 727 ) 562.4520
Type of Issue (check applicable box(es) and enter the issue price) See instructions and attach schedule
11 ? Education . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12
? Health and hospital . . . . . . . . . . . . . . . .
12 _
13 ? Transportation . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 ? Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 ? Environment (including sewage bonds) . . . . . . . . . . . . . . . . . 15
16 ? Housing . . . . . . . . . . . . . . . . 16
17 ? utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
18 ? Other. Describe ¦ 18 1,119,571
19 If obligations are TANS or RANs, check box ¦ ? If obligations are BANS, check box ¦ ?
20 If obligations are in the form of a lease or installment sale, check box ¦ ? MEM
Description of Obligations. Complete for the entire issue for which this form is be in filed.
(a) Final maturity date (b) Issue price (c) Stated redemption
price at maturity (d) Weighted
average maturity (e) Yield
21 04101/2015 $ 1,119,571 $ 9,119,571 5
years
3.11
Uses of Proceeds of Bond Issue (includin underwriters' discount
22 Proceeds used for accrued interest . . . . . . . . . . . . . . . . . . . 22
23 Issue price of entire issue (enter amount from line 21, column (b)) . . _ . . . , , 23 1,119,571
24 Proceeds used for bond issuance costs (including underwriters' discount) . 24
25 Proceeds used for credit enhancement . . . . . . . . . . . 25
26 Proceeds allocated to reasonably required reserve or replacement fund . 26
27 Proceeds used to currently refund prior issues . . . 27
28 Proceeds used to advance refund prior issues 28
29 Total (add lines 24 through 28) . . . . . . . , . . . , 29
30 Nonrefundin proceeds of the issue subtract line 29 from line 23 and enter amount here . 30
Description of Refunded Bonds Complete this art only for refunding inds.) _
31 Enter the remaining weighted average maturity of the bonds to be currently refunded . . . ¦ _ NIA years
32 Enter the remaining weighted average maturity of the bonds to be advance refunded . . . ¦ NIA years
33 Enter the last date on which the refunded bonds will be called . . . . . . . . . . . ¦
34 Enter the date(s) the refunded bonds were issued ¦
Miscellaneous
35 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) 35
36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract (see instructions) 36a
b Enter the final maturity date of the guaranteed investment contract ¦
37 Pooled financings: a Proceeds of this issue that are to be used to make loans to other govemmental units 372
b If this issue is a loan made from the proceeds of another tax-exempt issue, check box ¦ 0 and enter the name of the
issuer ¦ and the date of the issue ¦ _ _
38 If the issuer has designated the issue under section 265(b)(3XB)(i)(Ill) (small issuer exception), check box . . _ ¦ ?
39 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box . . . . _ ¦ ?
40 If the issuer has identified a hedge, check box ¦ ?
Under penalties of perjury, I declare that 1 have examined this return and accompanying schedules and statements, and to the best of my knowledge
and belief, they are. true, correct, and complete.
Sign
!'!aria F- f y Margaret L. Simmons, Finance Direc(s
Signature of issuer's authorized representative ate - Type or print name and title
For Paperwork Reduction Act Notice, see page 2 of the Instructions. Cat. No. 637735 Form 8038-G (Rev. 11-2000)
0