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Home My WebLink About1993-438 1 2 3 4 5 6 7 8 9 10 11 RESOLUTION NO. 93-438 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING A LEASE/PURCHASE EQUIPMENT AGREEMENT WITH MOTOROLA, INC. FOR THE LEASE PURCHASE FINANCING OF THE 800 MHZ TRUNKED RADIO COMMUNICATIONS SYSTEM INCLUDING DISPATCH EQUIPMENT AND PORTABLE RADIOS. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. The Mayor is hereby authorized and directed to execute on behalf of the City an agreement by and between the city of San Bernardino and Motorola, Inc. for the lease purchase financing of equipment for the 800 Mhz trunked radio communications system including dispatch equipment and portable radios. SECTION 2. That Motorola is the lowest and best responsible 12 bidder for the financing of the 800MHz trunked radio communication 13 14 15 system and equipment in the total amount of $1,826,950.14 at 6.09% interest payable in annual payments as noted on Exhibit B (payment schedule) ; pursuant to this determination, the Mayor of the City of 16 17 18 19 of said agreement will be attached to this resolution as Exhibit San Bernardino is hereby authorized and directed to execute on behalf of said City a Lease Purchase agreement containing said terms upon approval of the Agreement by the City Attorney. A copy 20 21 "A". SECTION 3. The authorization to execute the above referenced 22 Purchase is rescinded if it is not issued within sixty (60) days of 23 24 25 26 27 28 the passage of this resolution. /1111 IIIII IIIII IIIII 93-438 RESOLUTION OF THE CITY OF SAN BERNARDINO APPROVING A LEASE/PURCHASE EQUIPMENT AGREEMENT WITH MOTOROLA, INC. FOR 800 MHz. 1 2 I HEREBY CERTIFY that the foregoing resolution was dul 3 adopted by the Mayor and Common Council of the city of Sa 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 regular meeting thereof, held on the 6th da Bernardino at a , 1993, by the following vote, to wit: of December The foregoing resolution DecPomher , 1993. Approved as to form and legal content: JAMES F. PENMAN city A torney / By : '. C--vt.-v-.-d---....-. I?~ e1~ City Clerk 4 J6ancLvu nudirltv~ &YJUizt is hereby approved this ~t\~~day 0 ~ / ( ~l /.//{/;,. Tom Mlnor, Mayor City of San Bernardino 2 It KDCH KOCH FINANCIAL CORPORATION KFC Ref # 10865 August 8, 2003 Rachel Clark City of San Bernardino 300 North D Street San Bernardino, CA 92418 Re: Equipment Lease Agreement dated December 6, 1993 by and between the City of San Bernardino ("Lessee") and Motorola, Inc., ("Lessor) and subsequently assigned to Koch Financial Corporation. Dear Ms. Clark: According to our records, you have fulfilled your obligation regarding the above-mentioned transaction and Koch Financial Corporation releases any and all right, title, and interests. Enclosed you will find copies of the original lease documents marked paid in full. 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 (480) 585-3782. Sincerely, ~b~ Vice President, Operations Enclosures 17767 North Perimeter Drive . Suite 101 . Scottsdale, Arizona 85255 . 866/545.2327 FAX 480/419.3603 . www.kochfinancial.com '\"?:, '-Y~ ) \ :~'6, @ MOTOROLA Communications ancJ Electronics Inc. PAID IN FULL SCHEDULE A EQUIPMENT LEASE-PURCHASE AGREEMENT Lease No. 93/56' This Equipment Schedule dated as of dec. 6, , 19~, is being executed by MOTOROLA COMMUNICATIONS AND ELECTRONICS, INC. ("Lessor"), and 'I'HR rT'I'V nF' ~IIN RF:RNIIRDTNn. CALIFORNIA ("Lessee"), as a supplement to, and is hereby attached to and made a part of that certain Equipment Lease-Purchase Agreement dated as of I1Pr h , 19 .9.3.--, ("Lease"), between Lessor and Lessee. Lessor hereby leases to Lessee under and pursuant to the Lease, and Lessee hereby accepts and leases from Lessor under and pursuant to the Lease, subject to and upon the terms and conditions set forth in the Lease and upon the terms set forth below, the following items of Equipment. QUANTITY DESCRIPTION (Manufacturer, Model and Serial Nos.) SEE CONTRACT - EXHIBIT E . Equipment Location: CITY OF SAN BERNARDINO, CALIFORNIA Initial Term: 120 Months Commencement Date: Dec. 6. 1993 See Schedule B - Paymel1t Schedule Lease Payments of $ , plus SaleslUse Tax of $ on the Lease Payment Dates set forth in Schedule B. (totalof$ ), payable EXECUTED as of the date first herein set forth. LESSEE: LESSOR: ~-. ---J/i'/' ~ '--j./ . By . (7".77'1, / / ,f/crt MOTOROLA COMMUN. ~~7NZ~. :~~:?~:ONICS, INC. Bv .,/~<.j,~..?~u~' .. ,r/" ., ~~~';..> ~i~<<)PlY STIC 405 ) /i.. A A\ (I''Y . , .MOTOROi.".<.~\ March 28, 2001 Motorola Credit Corporation hereby certifies that the Schedule B attached hereto correctly represents the cash flow data for Equipment Lease-Purchase Agreement 93156 between the City of San Bernardino and Motorola Communications and Electronics Inc. By: ~~ kh-/ ()/d'A(M Title ,_ i I:C~;;: ':tJ(:~ it. S~.i.i '3() PAID IN FULL PRICING SUMMARY Subscriber Equipment Sales Tax $729,445.46 56,532.02 Freight 10,880.00 Installation 49.190.00 Total $846,047.48 Dispatch Equipment Sales Tax $434,738.64 33,692.24 Freight 6,520.00 Implementation Total 165.400.00 $640,350.88 GRANDTOTAL PHASEIJII $1,486,398.36 Note: Implementation of dispatch equipment is "turnkey." All project management, equipment room modification, optimization, and as-built drawings are included. November 18,1993 City of San Bernardino (20-606-16607-01-93156) Compound Period ........: Annual Nominal Annual Rate .... : Effective Annual Rate ... : Periodic Rate ..................: Daily Rate ....................... : 6.392 % 6.392 % 6.3916 % 0.01751 % CASH FLOW DATA Event 1 Loan 2 Payment 3 Payment 4 Payment Start Date 01/01/1994 01/01/1994 01/01/2001 01/01/2004 10/14/1998 Page 1 ~? , ~ ~J- ~~6"IN ~/ Amount Number Period 1,486,398.36 234,326.10 62,222.48 0.00 AMORTIZATION SCHEDULE - Normal Amortization Date Loan 01/01/1994 1 01/01/1994 1994 Totals 2 01/01/1995 1995 Totals 3 01/01/1996 1996 Totals 4 01/01/1997 1997 Totals 5 01/01/1998 1998 Totals 6 01/01/1999 1999 Totals 7 01/01/2000 2000 Totals 8 01/01/2001 2001 Totals 9 01/01/2002 2002 Totals 10 01/01/2003 Payment 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 234,326.10 62,222.48 62,222.48 62,222.48 62,222.48 62,222.48 Interest 0.00 0.00 80,027.95 80,027.95 70,165.77 70,165.77 59,673.23 59,673.23 48,510.05 48,510.05 36,633.36 36,633.36 23,997.55 23,997.55 10,554.10 10,554.10 7,251.65 7,251.65 3,738.11 1 7 Annual 3 Annual 1 Principal 234,326.10 234,326.10 154,298.15 154,298.15 164,160.33 164,160.33 174,652.87 174,652.87 185,816.05 185,816.05 197,692.74 197,692.74 210,328.55 210,328.55 51,668.38 51,668.38 54,970.83 54,970.83 58,484.37 End Date 01/0112000 01/01/2003 Balance 1,486,398.36 1,252,072.26 1,097,774.11 933,613.78 758,960.91 573,144.86 375,452.12 165,123.57 113,455.19 58,484.36 0.01- FULL 'I 1 City of San Bernardino (20-606-16607-01-93156) 10/14/1998 Page 2 Balance Date Payment Interest Principal 2003 Totals 62,222.48 3,738.11 58,484.37 11 01/01/2004 0.00 0.01 0.01- 2004 Totals 0.00 0.01 0.01- Grand Totals 1,826,950.14 340,551.78 1,486,398.36 0.00