Agenda 05/13/2008 Item #16F 3
Agenda Item No. 16F3
May 13, 2008
Page 1 of 26
EXECUTIVE SUMMARY
Recommendation to waive the formal competitive bid process; approve the purchase of 40
heart monitors, along with associated accessories and service agreements from Philips
Medical Systems for an estimated total of $729,192.20; and to approve a budget
amendment for an intrafund transfer from capital to operating within Fund 490 - EMS to
fund the lease payments for the balance of FY08 in the amount of $54,041.90.
OBJECTIVE: To receive Board approval for the lease purchase of 35 replacement heart
monitors and the purchase of 5 additional monitors to equip the four growth ambulances and one
additional ambulance which was approved as an unfunded request during the FY07 budget cycle,
all five of which were delivered in FY08.
CONSIDERATIONS: There are currently 35 LifePak monitors in the Emergency Medical
Services' (EMS) inventory. The expected lifespan for these monitors is approximately five years
and the average age of the existing monitors is 7 years. Weare beginning to experience
breakdowns and a higher frequency of repairs. In accordance with EMS' replacement schedule,
$140,000 was budgeted to replace 7 of the 35 monitors in FY08. It is staffs recommendation to
replace all of the monitors at once, which will maintain consistency in the type of monitors being
utilized by field personnel as well as provide new and reliable monitors to ensure effective pre-
hospital care. This can be accomplished through a five year lease purchase with $1 buyout
through Philips for the 35 replacement monitors from the EMS operating fund and purchasing
outright the 5 monitors for the growth ambulances from the EMS Impact Fee fund. A trade-in
credit is being given for the models being replaced. EMS currently budgets for a five year
replacement schedule of the heart monitors during the normal budget cycle. Budgeting for tlle
lease purchase over five years will replace the nOlmal five year replacement schedule.
Three separate manufacturers were considered in this purchase. Medtronic, the manufacturer of
the LifePak monitors currently in use, has been banned by the FDA from selling in quantity their
12 lead monitors and have been unable to provide assurances of a restoration of their normal
sales and shipping activities. Between the other two mannfacturers, Zoll and Philips, Philips was
able to exhibit that their monitor would function more efficiently with the other systems
currently in use with the LifePaks, such as Audicor (which monitors heart sounds) and would
effectively communicate with the EMS 2000 software, which produces the Patient Care Reports.
In addition, the Philips monitors were approximately $3,000 each less than the Zoll monitors and
Philips' financing terms of 3.74%, ovcr five years was considerably less than Zoll's offer of
7.25%. Also, Philips has assured delivery of thc monitors within 2 weeks of approval of this
purchase. While pricing is not always the foremost consideration in the purchase of medical
equipment, Philips has demonstrated their monitor to be an improvement over the existing
equipment standard, compatible with remaining technology as well as projected developments,
and financially the best choice.
_..
The net cost of the lease purchase of the 35 monitors is $592,481.40 and would require monthly
payments of $10,808.38 for 60 months. These payments are based on the interest rate quoted of
3.74%. Interest over the five year period would be $56,021.40, for a total cost of $648,502.80
(based on 3.74% interest). The actual interest ratc is indexed according to the Bond Markct
Association Index ("BMA Swap Ask Yield"). The actual rate and resulting payments will be set
Agenda Item No. 16F3
May 13, 2008
Page 2 of 26
7 days prior to closing the financing to the then current 5-year BMA Swap Ask Yield plus 125
basis points. A sample payment schedule. based on the 3.74% is attached.
The advantages of replacing all monitors at once versus 7 at a time over five years as called for
in the replacement plan, is that first and foremost, there would be consistency in equipment.
Secondly, the monitors currently in uSe are experiencing frequent breakdowns. In addition, EMS
must stock expendable supplies for the monitors and having to stock supplies for multiple
monitors would be expensive and cumbersome. There would, however, be a cost savings of
$36,200 per year for a total of $ I 8 I ,000 over the five year period for the current maintenance
contract on the existing LifePak monitors.
The purchase of the Philips Monitors was approved by the Emergency Medical Services
Advisory Committee (EM SAC) at their March 25, 2008 meeting. The lease purchase agreement
has been negotiated and approved by the Purchasing Department and the County Attorney's
Office.
FISCAL IMPACT: Funds in the amount of $80,689.40 are available in EMS Impact Fee Fund
350 and funds for the estimated monthly payments of $10,808.38 (based on quoted interest rate
of3.74%) for the 35 replacement monitors and the service agreement are available in EMS Fund
490 for FY08. An intrafund budget amendment to fund the $54,041.90 for the balance of FY08
will be necessary.
GROWTH IMPACT: There is no Grow1h Management Impact resulting from this action.
RECOMMENDATION: That the Board of County Commissioners:
I. Waive the formal competitive bid process;
2. Approve the outright purchase of 5 monitors from Philips Medical Corporation;
3. Approve the negotiated lease agreement with Phillips Capital for the purchase of the
remaining 35 monitors;
4. Approve a budget amendment to fund the lease payments for the 35 monitors being
purchased through a five year lease purchase agreement for the balance of FY08 in the
amount of$54,041.90; and.
5. Authorize the Chairman to execute the negotiated lease purchase agreement approved by
the Purchasing Department and Office of the County Attorney.
PREPARED BY: Artie Bay, Operations Analyst, Emergency Medical Services
Page 1 of2
Agenda Item No. 16F3
May 13, 2008
Page 3 of 26
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
Item Number:
Item Summary:
16F3
Meeting Date:
Recommendation to waive the formal competitive bid process; approve the purchase of 40
heart monitors, along with associated accessories and service agreements from Philips
Medical Systems for an estimated total of $729,192.20; and to approve a budget amendment
for an intrafund transfer from capital to operating within Fund 490 EMS to fund the lease
payments for the balance of FY08 in the amount of $54,041.90.
51131200890000 AM
Prepared By
Artie Bay
Bureau of Emergency
Services
Senior Administrative Assistant
Date
EMS
3125/20084:18:01 PM
Approved By
Jeff Page
Bureau of Emergency
Services
EMS Chief
Date
EMS
3/25/20084:25 PM
Approved By
Lyn Wood
Purchasing Agent
Date
Administrative Services
Purchasing
3/26/2008 4:44 PM
Approved By
Mike Hauer
Acquisition Manager
Date
Administrative Services
Purchasing
3/26/2008 4:49 PM
Approved By
Scott Johnson
Purchasing Agent
Date
Administrative Services
Purchasing
31271200811 :21 AM
Approved By
Dan E. Summers
Bureau of Emergency Services Director
Date
County Manager's Office
Bureau of Emergency Services
3/271200812:01 PM
Approved By
OMS Coordinator
OMS Coordinator
Date
County Manager's Office
Office of Management & Budget
3/28/20087:54 AM
Approved By
Kelsey Ward
Contract Administration Manager
Date
Administrative Services
Purchasing
4122/2008 12:46 PM
Approved By
fi1e:/IC:IAgendaTestIExportI1 07 -Mav%20 ] 3.%20200811 6.%20CONSENT%20AGENDA 116... 5/7/2008
Page 2 of 2
Agenda Item No. 16F3
May 13. 2008
Page 4 of 26
John A. Y onkosky
Director of the Office of Management
Date
County Manager's Office
Office of Management & Budget
4/24/20086:28 PM
Approved By
James V. Mudd
County Manager
Date
Board of County
Commissioners
County Manager's Office
4/26/200810:31 AM
file:lIC:\AgendaTest\Exoort\ 1 07-Mav%20 13.%202008\ 16.%20CONSENT%20AGENDA \ 16... 517/200R
An"nrl;o; I'''m ~IO. 1 RF3
~ PHILIPS QUOTATION DATE QUOTE NUMBElRay f!l/}.00lJ
02/27/2008 20329784 Page ~pf 3
LAST UPDATED TIME
hilips Medical Systems 04/14/2008 15:15:44
"ttn: Sales Operations
2301 5th Ave, Suite 200 EXPIRATION DATE
Seattle, WA 98121 INCOTERMS
Fax # 206-664-2000 06/14/2008 FOB DESTINATION
Tel # 800-263-3342
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Aooroval
FORMAL QUOTE
SALES REPRESENTATIVE CUSTOMER:
Dennis Matarese Phone: Attention: Les Williams
Fax: Collier County EMS
2705 Horseshoe Dr S
NAPLES FL 34104-6122
QUOTE CONTACT Phone: 239-774-8999
Brandi Peetsch Customer Number: 94187335
+1-800-263-3342X8403
SPECIAL COMMENTS:
Formal quotes over $10,000.00 require a valid purchase
order. Please reference the quote number on your purchase
order, or sign the bottom of the quote and return to Philips.
" Questions concerning this quote can be directed to your
sales representative or quote contact listed above.
ITEM PRODUCT DESCRIPTION QTY UoM UNIT.AMT AMOUNT(USD)
10 M3536A HeartStart MRx ALS monitor 5 PCE 9,890.00 49,450.00
861289
Special Discount 48.0 % 23,736.00-
Net Price 25,714.00
A05 A05 Sp02, NBP, EtC02 & 5 PCE 9,550.00 47,750.00
Temp
Special Discount 48.0 % 22,920.00-
Net Price 24,83000
B01 B01 Noninvasive Pacing 5 PCE 2,350.00 11,750.00
Special Discount 48.0 % 5,640.00-
Net Price 6,110.00
B02 B02 12 Lead ECG 5 PCE 3,500.00 17,500.00
acquisition
Special Discount 48.0 % 8,400.00-
Net Price 9,100.00
B04 B04 Wide Printer 5 PCE 500.00 2,500.00
I..,. Special Discount 48.0 % 1,200.00-
Net Price 1,300.00
B10 B10 MRx Event Sum, 5 PCE 2,000.00 10,000.00
Bluetooth
Anend'" It~m No. 16F:
e PHILIPS QUOTATION DATE QUOTENUMBSRayPA~
02/27/2008 20329784 Page I2pf 3
LAST UPDATED TIME
Philips Medical Systems 04/14/2008 15:15:44
Attn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121 EXPIRATION DATE INCOTERMS
Fax # 206-664-2000 06/14/2008 FOB DESTINATION
Tel # 800-263-3342
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Aooroval
FORMAL QUOTE
ITEM PRODUCT DESCRIPTION QTY UoM UNIT-AMT AMOUNT(USD)
Special Discount 48.0 % 4,800.00-
Net Price 5,200.00
C03 C03 Data Card 5 PCE 89.00 445.00
Special Discount 48.0 % 213.60-
Net Price 231 :40
C05 C05 Lithium Ion Battery 5 PCE 325.00 1,625.00
Special Discount 48.0 % 780.00-
Net Price 845.00
C06 C06 AC Power Module 5 PCE 400.00 2,000.00
Special Discount 48.0 % 960.00-
Net Price 1,040.00
LP1 LP1-User Instructions 5 PCE 0.00 0.00
Guide
Special Discount 48.0 % 0.00
Net Price 0.00
TER M3508A Standard Pad Cable 5 PCE 0.00 0.00
Special Discount 48.0 % 0.00
Net Price 0.00
~ W22 W22 2-yr Bench Repair 5 PCE 0.00 0.00
Warranty
Special Discount 48.0 % 0.00
Net Price 0.00
Special Discount PCE 13.00- 65.00-
I Price for item 10 74,305:40
120
M3538A Lithium Ion Battery Module 10 PCE 325.00 3,250.00
989803129011
Special Discount 36.0 % 1,170.00-
Price for item 20 2,08000
130 989803 2-Bay Analyzer For HS 5 PCE 1,345.00 6,725.00
I 989803135301 Li-lon Batteries
Special Discount 36.0 % 2,421.00-
Price for item 30 4,304.00
e
PHILIPS
QUOTATION DATE
02/27/2008
An~nrl~ 110m Nn 1 "F
QUOTENUMBSAay~~
20329784 Page Gpf g
lilips Medical Systems
,[tn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121
Fax # 206-664-2000
Tel # 800-263-3342
LAST UPDATED
04/14/2008
TIME
15:15:44
EXPIRATION DATE
06/14/2008
INCOTERMS
FOB DESTINATION
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit ADDroval
FORMAL QUOTE
ITEM PRODUCT
DESCRIPTION
QTY UoM
UNIT-AMT
AMOUNT(USD)
Total Quotation List Price
Less All Applicable Discounts
Total Quotation Net Price
152,995.00
72,305.60-
80,689.40
Is your organization tax exempt? Yes [ ] No [ ]
If yes, please include a tax exemption certificate with your order. Tax
_will be charged to the order if we do not receive the certificate.
.-\#2008-2177-0
Authorized Signature:
Print Name:
Title:
Date:
Phone:
This quotation is issued pursuant to, and any PO for the items herein will be accepted subject to the Terms of any current
Contract with the customer. If there is no contract in place, this quotation is issued pursuant to, and any PO for the items
herein will be accepted subject to the Philips Terms and Conditions of Sale posted at
http://www.medical.philips.com/terms/&conditions.htmland the terms herein.
This quotation contains confidential and proprietary information of Philips Medical Systems and is intended for use only by
the customer whose name appears on this quotation. It may not be disclosed to third parties without prior written consent
of Philips Medical Systems.
Anenrl~ Itpm Nn 1 RF
e PHILIPS QUOTATION DATE QUOTE NUMBEl;Cay "Pl/,\Gl!1J
12/20/2007 20318730 Page '1 pf4
LAST UPDATED TIME
Philips Medical Systems 04/14/2008 15: 57:28
Attn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121 EXPIRATION DATE INCOTERMS
Fax # 206-664-2000 06/14/2008 FOB DESTINATION
Tel # 800-263-3342
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Aooroval
FORMAL QUOTE
SALES REPRESENTATIVE CUSTOMER:
Dennis Matarese Phone: Attention: Les Williams
Fax: Collier County EMS
2705 Horseshoe Dr S
NAPLES FL 34104-6122
QUOTE CONTACT Phone: 239-774-8999
Brandi Peetsch Customer Number: 94187335
+1-800-263-3342X8403 I
SPECIAL COMMENTS:
Formal quotes over $10,000.00 require a valid purchase
order. Please reference the quote number on your purchase
order, or sign the bottom of the quote and return to Philips.
Questions concerning this quote can be directed to your
sales representative or quote contact listed above.
ITEM PRODUCT DESCRIPTION QTY UoM UNIT-AMT AMOUNT(USD)
10 M3536A HeartStart MRx ALS monitor 35 PCE 9,890.00 346,150.00
861289
Special Discount 48.0 % 166,152.00-
Net Price 179,998.00
I A05 A05 Sp02, NBP, EtC02 & 35 PCE 9,550.00 334,250.00
! Temp
Special Discount 48.0 % 1 60,440 00-1
Net Price 173,81000
B01 B01 Noninvasive Pacing 35 PCE 2,350.00 82,250.00
Special Discount 48.0 % 39,480.00-
Net Price 42,770.00
B02 B02 12 Lead ECG 35 PCE 3,500.00 122,500.00
acquisition
Special Discount 48.0 % 58,800.00-
Net Price 63,700.00
B04 B04 Wide Printer 35 PCE 500.00 17,500.00
Special Discount 48.0 % 8,400.00-
Net Price 9,100.00
B10 B10 MRx Event Sum, 35 PCE 2,000.00 70,000.00 I
Bluetooth
.----------.---.--
~
PHILIPS
'lilips Medical Systems
.,ttn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121
Fax # 206-664-2000
Tel # 800-263-3342
ITEM PRODUCT
DESCRIPTION
Special Discount
Net Price
C03
C03 Data Card
Special Discount
Net Price
C05
C05 Lithium Ion Battery
Special Discount
Net Price
C06
C06 AC Power Module
Special Discount
Net Price
LP1
LP1-User Instructions
Guide
Special Discount
Net Price
TER
M3508A Standard Pad Cable
Special Discount
Net Price
W22
W22 2-yr Bench Repair
Warranty
Speciai Discount
Net Price
Trade-in Allowance
Price for item 10
20 M3538A M3538A - hium Ion Battery
989803129011 Module
Special Discount
Price for item 20
989803 2-Bay Analyzer For HS
989803135301 Li-ion Batteries
Special Discount
Price for item 30
QUOTATION DATE
12/20/2007
LAST UPDATED TIME
04/14/2008 15:57:28
EXPIRATION DATE
06/14/2008
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Annroval
AoendCl Item No. 16F'
QUOTENUMB8May~~
20318730 Page ~pf 4'
INCOTERMS
FOB DESTINATION
FORMAL QUOTE
QTY UoM
35 PCE
35 PCE
35 PCE
35 PCE
35 PCE
35 PCE
PCE
70 PCE
35 PCE
UNIT-AMT
AMOUNT(USD)
48.0 %
33,600.00-
36,400.00
89.00
48.0 %
3,115.00
1,495.20-
1,619.80
325.00
48.0 %
11,375.00
5,460.00-
5,915.00
375.00
48.0 %
13,125.00
6,300.00-
6,825.00
0.00
0.00
48.0 %
0.00
0.00
0.00
48.0 %
0.00
0.00
0.00
0.00
0.00
48.0 %
0.00
0.00
53,900.00-
53,900.00-
466,237.80
325.00
22,750.00
36.0 %
8,190.00-
14,560.00
1,345.00
47,075.00
36.0%
16,947.00-
30,12800
Philips Medical Systems
Attn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121
Fax # 206-664-2000
Tel # 800-263-3342
e
ITEM PRODUCT
40
890416
A06
A11
50
890416
A08
A12
PHILIPS
QUOTATION DATE
12/20/2007
Am'nrl~ Itpm 1"0 1RF
QUOTE NUMBElRay rol.OO!l
20318730 Page 1 %pf 4
LAST UPDATED
04/14/2008
TIME
15:57:28
EXPIRATION DATE
06/14/2008
INCOTERMS
FOB DESTINATION
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Aooroval
FORMAL QUOTE
DESCRIPTION
QTY UoM
UNIT-AMT
AMOUNT(USD)
Monitoring & Cardiology
ServiceAgreement
Express Repair Service
3 Years of Service
Price for item 40
40 PCE
50,895.60
50,895.60
50,895.60
Monitoring & Cardiology
ServiceAgreement
Performace Assurance Service
4 Years of Service
Price for item 50
40 PCE
30,660.00
30,660.00
30,660.00
Total Quotation List Price
Less All Applicable Discounts
Total Quotation Net Price
1,151,645.60
559,164.20-
592,481.40
Is your organization tax exempt? Yes [ ] No [ ]
If yes, please include a tax exemption certificate with your order. Tax
will be charged to the order if we do not receive the certificate.
i This formal quote includes the trade-in value of 33 monophasic LP-12's,
and 2 biphasic LP-12's, totaling $53,900.00 in trade-in value. These
units must be returned in order to honor this trade-in value. This
trade-in value cannot be combined with any other offers, including other
formal quotes.
DA#2008-2177-0
Signature:
Print Name:
Date:
Phone:
e
I...
PHILIPS
QUOTATION DATE
12/20/2007
Itom No 1f;FC
QUOTENUMB~ayPAGID
20318730 Page 11!pf 4'
lilips Medical Systems
,ttn: Sales Operations
2301 5th Ave, Suite 200
Seattle, WA 98121
Fax # 206-664-2000
Tel # 800..263-3342
LAST UPDATED
04/14/2008
TIME
15:57:28
EXPIRATION DATE
06/14/2008
INCOTERMS
FOB DESTINATION
PAYMENT TERMS
Within 30 Days Due Net
Subiect to Credit Annroval
FORMAL QUOTE
ITEM PRODUCT
DESCRIPTION
QTY UoM
UNIT-AMT
AMOUNT(USD)
This quotation is issued pursuant to, and any PO for the items herein will be accepted subject to the Terms of any current
Contract with the customer. If there is no contract in place, this quotation is issued pursuant to, and any PO for the items
herein will be accepted subject to the Philips Terms and Conditions of Sale posted at
http://www.medical.philips.com/terms/&conditions.htmland the terms herein.
This quotation contains confidential and proprietary information of Philips Medical Systems and is intended for use only by
the customer whose name appears on this quotation. It may not be disclosed to third parties without prior written consent
lOf Philips Medical Systems.
i..~,
ZOLLo
Adv~ Resuscit:rti"n. Tod..y.-
~..
DUla.:) mC5 2ott5
1lellJ".v
ZOLL Medic.a~~-oflPOraNQn16F3
Worldwide HeadQuarters May 13, 2008
269 Mill Rd Page 12 of 26
Chelmsford, Massachusetts 01824-4105
(978) 421-9655 Main
(800) 348-9011
(978) 421-0015 Telefax
TO: Collier County EMS & Fire
2705 S Horseshoe Drive
Naples, FL 34104
QUOTATION 14860 V:1
O~cn L
DATE: Januaf)/30, 2008
TERMS: Net 30 Days
FOB: Shioping Point
Freight: Prepay and Add
_. --,.
ITEM MODEL NUMBER Df:SCRIPTIQN QTY, UNIT PRICE DISC PRICE TOTAL PRICE
1 50201730020124013 E Series ACLS Manual Defibrillator with Advisory 35 $24,685.00 $17,280.00 $604,800.00 .
capability, 12~lead with 1~tep patient cable. Sp02 ~
with EtC02 port) with reusable sensor and 4' cable,
Ilntegrated Bluetooth , NIBP with Adult-Plus cuff and I
hose, and Noninvasive pac.mg. Indudes AC Power,
Primer, ProtOCOl Asstst Code Markers GPS aock Auto I
Sync, TriMode Display. 3-read ECG patient cable, I
universal cable, ready for one (1) SurePowerTM
Rechargeable Lithium Ion Battery wi[h built in AC Charger
ordered separately, RS232 data transfer port, Rugged
SoftPack Carry Case, AC power cord, 12" AC power i
extension cord, one package of recorder paper, two PC I
Card slots, Operator's Manual, and standard 000 (1)
year wananty for EMS use.
2 50201730020124013 E Series ACL$ Manual Defibrillator with Advisory S $24,685.00 No Charge No Charge !
capability, 12-lead with 1-5tep patient cable, Sp02 ( :
with EtC02 port) with reusable sensor and 4' cable, I ,
I Integrated Blu&tooth , NIBP w;th Adult-Plus cuff and !
I hose, and Noninvasive Pacing. Indudes as above in i !
I i
!i Item #1 and standard one (1) year warranty for EMS
use.
3 8000- 0312 E. Senes Only CAPNO 5 Mainstream C02 Sensor and 40 $4,500.00 $3,150.00 $126,000.00 .
I Cable , I
I
I ,
4 8050- 0030- 01 SurePower~ Charging Station 28 52,195.00 $1,536.94 $43,036.00 .
, . 4 Charging bays
[ . Multiple chemistry compatible i
. 200 watt capacity I
. ,
GraphIC dnven user Interface
. RS-232 communication port
This quote is made subject to ZOll's standard commercial terms and conditions {ZOLL T's + C's} which
accompany thi$ quote. Any purchase order (p.O,) i5sueclln response to this quotation will be deemed to
incorporate ZOLL T's" C's. Any modification of the ZOlL rs + C's must be set forth or referenced in the
customers P.O. No commercial terms Of" conditions shaH apply to the sale of goods or servK:e$ governed
by this Quote and the customer's P.D unless set forth in or referenced by either documenL
j
Pooe 1 Subtotal
$773,836.00
1. DELIVERY WILL BE MADE 60-90 DAYS AFTER RECEIPT OF ACCEPTED PURCHASE ORDER.
2 PRICES WILL BE F.O.B. SHIPPING POINT,
3. WARRANTY PERIOD (See above AND Attachment).
4. PRICES QUOTED ARE FIRM FOR 60 DAYS.
5. APPLICABLE TAX & FREIGHT CHARGES ADDiTIONAL.
6. ALL PURCHASE ORDERS ARE SUBJECT TO CREDIT APPROVAL BEFORE ACCEPTANCE BY ZOllo
7. PURCHASE ORDERS TO BE FAXED TO ZOll CUSTOMER SERVICE AT 97B-421-0015.
8. ALL DISCOUNTS OFF LIST PRICE ARE CONTINGEfI.'T UPON PAYMEr\'T \,/lJlT!-mLJ i\CR~~D urC'~j :=~~~.~S
9. PLEASE PROVIDE A COpy OF OR REFERENCE TO YOUP: C'UOT/\::C'N :'i0:'.~~~~, ;/-::T:-: ;:.'.....'F;C. .r,,-'
Andrea Jannarone
Sr. EMST erritof)/ Manager
800-242.9150, x9278
ZOLLo
AdvwncWrfl ResusGit.rtir;m. TDday,-
~,-
(i!lllli- m.cs ~ Ct. J5
Rcudy
ZOlL Medicll~eolll:luration16F3
Worldwide HeadQuarters ~aaYe?3 ~rg~
269 Mill Rd g
Chelmsford, Massachusetts 01824-4105
(978) 421-9655 Main
(800) 348-9011
(978) 421-0015 Telefax
- TO: Collier County EMS & Fire
2705 S Horseshoe Drive
Naples, FL 34104
QUOTATION 14860 V:1
DATE: January 3D, 2008
TERMS; Net 30 Days
FOB; Shipping Point
Freight Prepay and Add
. -'"~
ITEM MODEL NUMBER oeSCRJPnON QTY. UNIT PRICE DISC PRJCE TOTAL PRICE
5 6019-0535-01 SUrePower"' Rechargeable Ulhiwn Ion Ballery Pack 120 $450.00 $315.00 $37,800.00 .
. 5.8 Ah Capacity
. High density rrthium ion chemistry
. RunTlmeTII Indicator
. Automatic calibration ready I
. Stores history of use and maintenance
6 8778- 01 07 of. Year Extended Warranty (at time cfequipment sale) 40 $3,400.00 $2,000.00 $60,000_00 .
7 8778- 4222 .(. Year. 2 Preventative Maintenance lat time of 40 $1,600.00 $1,600.00 $64,000.00
equipment sale)
8 7600-0300 Ufepak 12 Monophasic Trade-in 35 ($3,500.00) ($122,500.00) ~
9 7800-0312 LP 12 Biphasic wlPaclng, 3 options & 12 LO Trade-In 2 ($7,OOO.00) ($14,000.00) ..
J 7800-0304 UfePak 12 Battery Charger Tradc-ln 28 ($1,000.00) ($28,000.00) ..
I --rrade~ln Value valid if aU units purChased are in good
operational and cosmetic condition, and include all
standafd accessories such as paddles, cables, etc.
Customer assumes responsibility for shipping trade-in I
equipment to ZOLL Chelmsforcl within 60 days of receipt of
new equipment. Customer agrees to pay cash value for ! I
trade-in equipment not shipped to lOll on 3 timely basis. l I
I
"Reflects Drscount Pricing.
This quote is made SUbject to ZOLl's standard commercial terms and conditions (ZOU T's + C'S} which TOTAL $791,136.00
accompany this Quate. Any purchase order (P.O.) issued in response to this quotation will be deemed to
incorporate ZOlL T's + C's. Any modification of the ZOLL fig + C'$ must be set forth or referenced in the
customer's p.O. No commercial terms or conditions shall apply to thEt sale of goods or services governed
by this quote and the customers p.O unless set forth in or referenced by either dc>curnent.
1. DELIVERY WILL BE MADE 60-90 DAYS AFTER RECEIPT OF ACCEPTED PURCHASE ORDER
2. PRICES Will BE F.O.B. SHIPPING POINT.
3. WARRANTY PERIOD (See above AND Attachmenl).
4. PRICES QUOTED ARE FIRM FOR 60 DAYS.
5. APPLICABLE TAX & FREIGHT CHARGES ADDITIONAL.
64LL PURCHASE GRDERS AHE SIJBJECT TO CREDIT APPROVAL BEFORE ACCEPTANCE BY ZOLLo
1 p, 'RCri.ASE ORDERS TO BE FAXED TO ZOll CUSTOMER SERVICE AT 97B421-0015.
Andrea Jannarone
Sr. EMSTerritory Manager
800-242-9150, x9278
."- ~L.L D~SCQU~IT.s OFF UST rRlC~ A.RE CONT1NCENT ~~POr-J fI.^,,';I"',~Ft..rr I.~.n::-~:~: i\~-:,'T;:~~ :;:'(;~~
,,',
"LE..~,SEE~~Q\irpE .!:.,CQP'y', Gfe-B Rr.:;:~F:=:'.i': ~"T':;:
National Cityo
Agenda Item No. 16F3
May 13, 2008
Page 14 of 26
hE.t,LT~G,t)~E Fli'-.:ANCF
February 6, 2008
Collier County EMS & Fire
Ms. Artie Bay
2705 S Horseshoe Drive
Naples, FL 34104
Dear Ms. Bay,
Thank you for allowing National City Healthcare Finance, a division of National City Commercial Capital
Corporation, the opportunity to offer this lease financing proposal for the Zoll Medical Corporation equipment:
LESSEE:
LESSOR:
Collier County EMS & Fire
National City Healthcare Finance, a division of National City Commercial Capital Corporation
Financed Amount: $791,136.00
TERM:
60 Months
PAYMENT OPTIONS: $15,653.49 per month
TREASURY RATE:
7.25 %
END OF TERM OPTION: $1.00 BUYOUT
This proposal is valid through 0313012008 and is subject to mutually agreeabie lease documentation and final
Information Leasing Corporation credit committee review.
CONDITIONS:
The rates contained herein are indexed to US Treasury yields of same or similar
maturity as published in the Wall Street Joumal on the last day of publication prior to
the date hereof. NCHF reserves the right to adjust final pricing proportionately to any
changes in this underlying index.
This commitment is conditioned on the lessee meeting the above terms and conditions, execution of
satisfactory documentation and no material adverse change to any of the parties of the proposed transaction.
Ms. Bay, I am excited about the value we have been abie to provide for you in this transaction. Should there be
any questions please do not hesitate to call me direct at (513) 455-2336.
Sincerely,
Benjamin Johnson
Inside Sales Representative
995 Dalton A venue . Cincinnati. Ohio 45203
Direct Line 513-455-2336 . Fax 866-863-4046 . BClljominjohllson@natiollalcity.com
Agenda Item No. 16F3
May 13, 2008
Page 15 of 26
EQUWMENT LEASE PURCHASE AGREEMENT
(FLORIDA)
DATED: APRIL 15,2008
NAME AND ADDRESS OF LESSOR
Philips Medical Capital, LLC
2600 Orand Boulevord, Suite 3&0
Kansas City, Missouri 6410&
NAME AND ADDRESS OF LESSEE
CoUier County Board nfO:lUnry
Commissioners
2705 S. Horseshoe Drive
Naples, FL34104
DESCRIPTION OF EQUIPMENT
Description Model #
Serial #
Quantity
See Attached Equipment Description
Name and Address of Vendor:
Philips Medical Systems
230 I 5~ A venue. Suite 200
Seattle, WA 98121
RENTAL PAYMENTS
Location of Equipment:
2705 S, Horseshoe Drive
Naples, FL 34104
Rental Paymenl Periods sha.lI be 1'1I0ntIt1)'. Rental Paymenlll shall be made ill Iccordance wil21 Section 4.01 artd the Se~le of Renr~l Plymellts It!ached hereLO as E~hibil 1\.
TERMS AND CONDmONS
THE TERMS AND CONOfTIONS OF TIlfS AGREEMENT SET FORTH ON PAGES TWO THROUGH
FfVE, INCLUDING ANY EXHrBlTS ATTACHED HERETO, SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS fF SET FORTH HERE.
IN WITNESS WHEREOF, l.<!$cor~ t..:saeeline I'lMI!dlm "'lj:rCmlEnltc ba~K'nucdin their namosby1hclrlhl'flNl~I'-.1lI1...... .orllMl11<<llWluenal:o\'t.
U:aK Nuni<<:
COLLIER COUNTY BOARD OF COUNTY COMt.jISSJONE~S
(LESSEE!)
ay
Title:
(SEAL)
^ TIEST: DWIGHT E. BROCK. CLEM. OF COURTS
PlllUPS MEl)rCALCAl'ITAL.lLC
(LeSSOR)
"
Tille:
Tille:
ASSISTANT COUNTY A TIORNEY OF LESSEE
I. the Ll'K1enignlld, do bm:by eellify .ltat lilt' offICer of Lane who e;.r.ocuced ~be foreaoillV ^~lI1CTIt on beMtf of Lu~ ~rad whost 8l!I1tlillt' ligDIlw-e ap~ ~n. is !be duly <IlJa.lified
and actingofflCeT I)fumee 1$ iUted bcneIlh his or her silruuurt and hu bten llllho"ud 10 eM~tt' Ihe forogoing Agreement O1i behalf of Lessu.
Dated:
B,
Titk:
OPINION OF COUNSEL
As Icgal counsel orLcsue, J bave cu.mined (lI:) Ihe AgretmeI'Il, whioh, unorl& OlllUlbings providea for tiLe silo ta llndptlZ'Chase by tile Le5S~ oflhc Equipment. (b) 811 ellecvtN counlerpart of
the ardillUnc\I or ~...llltiOlI of ~e wmch. amon8 other ddngs, lIuthorizes ~ 10 eJlCCU~ tbc ^I;mln~rt ~nd (e) sqc:h other opialoTl$, doaamenQ and ITIlltlcn or law IS I hIve deemed
netassal')' In cOl1'*'lion wilh lhe foDowlnl: opinions. Based on (he roreio~ I am ortlK' follo",inllopltllonc: (I) LesSl:e Ill.! pl!blic bodyoolpOl'ale and politic, duly Oll~njted aoo c);ISli"i under
tha laws oflhc SIa~ .lld hIS' subSUflti;l1 "'/mU1l1 orOIlO Of more of~ fbllowing sovereign powel1: (a) the power tGtIt>;, (b) the powerofeminetll dol't1Oin. and (e) pol~ power; (2) Lessee has
lhe requi~i~ power.lnd ILI1hOrily to j)IJtdtIM the E4uiplnenl ItId <<l C)ljcanc. .n4 deliver the Agrftlllenl lIlnd to pc!rforlll it-, Obligations under tne Ag.l'CenXflI; (J) thc Aj;t'Ctmt'111 .nd Ihe odICI'
doeunlCnts cilhet llla~hed lheAeIO or required thel'e.in hQW: been duly luthorized. approved .nd cJI,<=C.'Illcd by and on bd1nlfortasee, and Lhe: A~ell1l!nl is I valid and bltlcling (lbJiglliQn or L.esu.c
eI'Iroreeahle in accordallce wiltt its tetmli. clIceplto the e~lel'lllilllilcd by :applicable bankrL9lty. Iloolvwcy. reorglniution or olller laWS affcclinx c~ditor't riahu l(CllC'T;llly; (4) the ~tllhorizalion,
.apprOVlll and uecutK>>l or tile AgreenJIIlIl and all c.ltier pr{lOeedillpof LeiHC. ~Iatini to the tnlflltelions &:Qnten....llled lllClthy h:lo'l'c been perfonned in aecot'datlOt wilh III open n~tiug law~
poolic biddinll l~ws alJJ .all o(hn aplllitablot: lalo 100 kderalllws: and (S) tMK is 110 Ilro<<edil18 pe'xlinJl <lr \fJ,"trned in ;w)' court 01 before In)' IOvenlnwm.1 .Ulhorhy Of IwilT.lion board or
h-ibullill Ll'll, IfMl~rticly determined, wo~1d ll./\lWsely arrecl ~ rU.ll$acliolle e.ol\ll!lmp~cc1 by Ihe Agre<;tl'ltnl t:Jr tile !C'C~y illlel:esl of l.cnoor or it5 aU;ll'ls., as the tlCt lRly ~, in the Eq~;prlllllll.
All Cllpilaliud lem1!-l~reill $h~IIIlIYC tile samc mc-aninllS as in lhe A.Ilrt;emc:l1t. L.cnor, Its successors lln-j aSCll9'l&. Ind any co\mSflI rtlldenn, 111 Qpir>>Oll 011 l~ IB.l:-ncn",1 .tall~ 'l'rtht' illu:~t
tonl'ontlll' ofRenllll Payments ire eTI11l1ed IQ ~ly on thi$ IlpUlio'l,
PnnlCdNaMe;
Address:
"''''''
Sll1lltun::
ToelephoneNo.
R.e'l'03r200a
Agenda Item No. 16F3
May 13, 2008
Page 16 of 26
AR'I1Ct RI
Section I.OJ. ~fhutIoDlll. nle following Ulm'll wlll ha\IV !be mt'Ininp indicated bellow UIIleN tilt ~011ltll.leleul,..l'OCJ~ orl~e:
"Ar~emeM" m8lns dIU; EquiplllCTlll..eGe P~hast: Asreemenl willy othet schedule. exhIbit or escrow IgtftlMJlt R1Ide . 'PIrt ILcreofby the: putics hc~to, lQIelfJcr with Iny arrmndRrllti
1011lC.~t.
"Colle" n'ellli tlIC Internal Re~ue C<Jde of 19Stl, at. amenUod.
"Co_clu:emm Dale" is lbed.tt when the lenn Qf this A~_mcnt.nd Le"~'s oblipnon 10 ply rerrl cOll1rllenee. which lbl.eJ.M.lI be the ~rl(.ror(l) tile dlta on wflich the Equipmelu is.
al;l;eplt~ by ~ ill Ihe J'llalUlClr dcserlbed ill Seaioo 5..01, or (ii) the dale on whictl $ufl"teient 1l101IC)IS ID purchllse dJO Equipmllnl Ire deposited by L~ fOr tAl purpoR with In acrow 1IF111.
"Eqltlpmellll" n\t!anrlllc plOP*"l)' <<scribed on the tTont of lbn Apement. IInd 811 replaCC:ll'IellIS, sub.Ulltlboll5. replirs, restonatkPc\s, nlOdlncll~ IIIIChn'll!l\\J, &CCetiknli. .addilllJtIlI and
iT1lprovcmewdterClO1"<wtlltrttO.
"EytIlI otOt'lulf" mclll& In HYCOl orDofalllt ~ 1n S<<lUQn 12.01,
"1s'L1Incu Year" is the cak!ncl8r)lelr in whiotl dIll COllllmncemlllt Date Cle<:....
"lA!a" T_" n1eIIld lheOrigwl Teml&lId." Rcne~TernlS.bulrDdiI'l&OIIThe:oecurretlOOottbee.rtielt'VtfltsptClf\ed in SrCtiOCl 1.02.
"Lenec" Il1ttM llle Clltil~ dcscnl;ecl IS M1M Oft lIIe ft'Onl: of Uris Agreett'llml, ift S1.lCCtSSOfI and il$ll$$iJM.
"Lenol'"" nlelUlS 1Ileenlityd.~erlbeduslldl on tltc fromoflhia A.Jreemelll. i1ssuccenolt.,~lls_gns.
.. Mlxll'llllm Uau Term" mr:In~ !bc OriliJlllI Tel11llnd lit bnllwal Tllm'llthrough the Rene....' Term inchidin" tbc. lal1 Rental P~)'IllI:Ill1 dJltr Sflt Ibnh ()JI die Paymenl Sl::hcd1llc.
"Net P,.-o<<e(b" means lhe QlIOUnl remail1j~ from 1M IJfOII Pf'OC"<<la orlnyillJ'.lnnell d2imbr eondemnallon llwan! after dedllCIIB& 1l1rxpenses (ineludiIlC_ltomeys' ~I) int:1.JI'Te!1 in lhe
collcelKlllOfSllellclllimorawlrd.
"Orlvn_1 T",.-m" !'I1IlU'l1 the period &om tht COmllllltlCCmmt Date untlllbe end orlhe fiR:-lI yttrtKLeutoe In dftct.at lhe Conlll~ncellleOl Dlle.
"Paymun SclIcdulc" rnClUSlbc: SChedule (ltRmlaI Plymml& 100 PUH:!l11lS Prn:. ~l forth QR lWlibit A.
"PurduM' Priee" meanllhc lomoUfll 111 forth 00 11M: P~ymen4 Sclltdllle as Ihe P~haso PrieII: for the liquipmenL
"Renewal Terrm" me.~ lhe: optional rene'Wtl ten'lll!lQrtllls Agr.etIMl1L cacll havin, p dunlion OrOnf ye~r Ind I term co-extetlUI'll with 1....eHce's fiscal yelr.
"RMtII Pa)'ll1Cnl Period~ rntatl$lht period begInning 00 lhc day a Rentlll Paymem is due 1I1ll1erldllli tl1e dllybl!'fore the DOllI bnlll Paymel1li is due. The firSl Rental PaYlI'Ie'l1Ii Pl:rlod wll
beglll OIl the Commencement Dale it! all cam. If Rel1l31 Paymem Pllriods ~ monUlly. 5Ubseq1.e1ll RelWal PaYIDMl Pencdi 61ll1U begio on llx: 5ilmt day or taCh r'J1onlh aRer l~
Commencemenl Date. If Rer@1 Paynlel1l Periods are fluancrly. sumequl:l1l Rental hymel'll Periods ~all bcla1n on UIt same day of each Lhird monlh at\er Iht Commencement D~le. rfRenl;!1
Pa)lrTltl)l Periodll art semiannual, 5ubsequetll ReMfll PaymeJ'll. PIlrlodli shill beglll on &he S~ day of each si;r;th Illomh after lhe Comil~m~1'l Datil. If Rel'lll P:lymem Pel iOd$ ~n: 81Vlual.
lub~UC1U Rer-ul P:a.yrrent Periodl '!WI begin OIl tl'e annlverury of IIle Commencemcnl OIle in each ye.t. If tbe Commencen:Jl!nl D~ \! Ihe 2t;\h. 30lh, or 31s1 day M:t nllmth..ltIy
subseqceIU Rel'll:l! P'aymenl Period. thai wouk!olhcr....ille bejmoo lhe291h. 30th or 31st ofamOl'lm dial d0e'5 nO! include nx:h adate:slull l,)ell..llon Ihe lut da)' oi~ mol1lh.
~Relltlll Plrments" nlelllS lhe b~sic n:t1liJl pa)'<'Ol::1\l$ payable by Wi<< putlIUilnllO Sea,,"l 4.01.
"State"11lC1I1Islhe.ltilleI11 wltlchl....l!$$e@isloelll.ed.
"Vfndor" orallS chill nllnlJfU'l\lr~r of t~e 6q~ipl'nenl u _JibS IDe agenl!l 01 de3Wlr.!i ofthc: n'llnllfacw~ from whom U$.sor p\llthltSed or is P\[I'ChDSilli the EqUilJl1'lI:Dl,.aIi listed on UIC lrunlof
mis Agrtemtllt.
A.RTrCLltIl
SectlOrt 1.01. R'llrelell~fIotl.' lInd Covtna:nb or LWtt. Lcs5ec represcnts. \IoIB.mmUi and tOvtlamtS for Ihll benef\lllf~ as lbl~W$:
(a) l.~e i, lllllul'licipal cospmatiolland polilica1 subdivision d.~1y orpnized and w"ing IInder!he ~ilutioo md Ip'lOtS or4he St~tl:-. ~_ will do or c~use lO bt dolle alllhill~ 10
presel"n and k~ in full fCJn':c ami eff~1 iu el\ll~oc as I body ~le and ptI1ili"c. LeDee;s <I polhQI ....wlvi,il)r\ r>f tile: S!.lIte wkhin ()~ meaning of Seetion 10l(a) of 4he Co~ or a
COIls4il\lled authOfity auChQri:zed II) inur obligatillllll on bthllf of a alate or )oca' gcwemmental lIr\it wilhinlbe mt:lning ofU'Ill reJ'lI.liom promll:ljaled purS\larll. 10 said Stttlon of Ute Code.
(1:1) I..e5Jl1!1l is Ilvlborized. und<< lhe COIlSlitulion and laW1- of !he s~c tel &Iller laIlo !his AlPU'flClll. and the trlnuc:(ion eorllml'~t=4 he~by and III parfonn ail arMS d:ll~lltiom htrcur.der.
(c) Less<< hal bem duly illl1l\oriad 40 llxeol.illl ,lid de2iV8T chis Ap"mcnt by proper Iclitln <<nd appr(lval of iu SQl'Ilmil1ll body at . InllUinl dilly c.l~. repllarly convtlllld Dnd lIuendod
lhroughoul b)' a requisila l11lJorIl)' oflbc l11em~~ tl~roor or by OUlOllppropnlle officiallppJOval.
(d) This A~t c011smule$ the lega~ valid :1lIc.1 bindine; oblijation of Ihc J..essee enforceable In accordance wilh its terms. eJ(cepl 10 tbe ~J(tel1r limiled l).y applicable bankruplcy.
insolVImCY. retlrgarllzalioll or other lilW3 IfTfct1n1 cm.1i\ors. rIjIltS perlll y.
(~) No tVf:nt or condition mat oomtitulcl, or wilh Il'Illglvlng of1lOlK:e or the bpsc of4ime or both would cons liMe, an E.vent of Ocf.lllt e~isl$ ilL 1M CtIlnmeneemenl Dale..
(I) J..cS5<< h$;, ill iJCcqrdlllC~ witJJ lhe requirrmenll. of llw. rully bud,et.eil Dlld appropriated aufficiellt fUDds for chc current fisrlll year to ~ke \he RtlJU.l r.ymelllli scheduled ltl conx d.ue
during I.h Origilla.l Tol'l'l\ IlId 10 mce1 ill> other oblijaliOrl' ror the OrigiMI Term. and such fundi: ha~ee IKlC been ll.\pendeed for other pvl')Kl'e!.
(g) Lesseil will do or CIUR Ie be !ioUI' oIl11lhinp neQcawy topm-trol:~..d keep in MI fOlce and el1'oCl ilsuiatenee IS I bod.)'corpo~teBlxJ pOl, tit:..
(~) Lc~ce has. co~lie4 with such pubU(: bidding requiremetlll as Ally be llpplieable to !him AgreelT"ICIU Ind dill acqui$iliOll by Lt:sste ofll'le E.q~tl.t J1ereIllldCf.
(i) 111e1e is no action. SlIll. proceeding. Inqllb"y OCmV!l:ttipllon. B{ Ilw or ill eqtlity, ~fore Qrb)' 1lIlY COLl11., publit;.boml.or body, pendiSJa: 01" tlvcalen<<tai'lirtSl OfifTecting lhe Lezsec. nOr to
[lIe. b~t la111wl.edl5C! of the ~!U is then: any ba5is IMrefor, wherein All 17o(a.\IOl1IWe d.tcision, rulinS or fmdins would rmlte-ritlly ,uiYtlTSll'ly alT~t Llle 1t'llIl$actioJu cOhLcnlplaled by lhis
^lletn'.o:!l)t or any other do::\I!11IlJlL apeemenl or certlflC,tUl \\ONch III used or contemplated Jbr \lJO in Il1e COll$IlnVl1llllon or [h. tranlitcdoni oonLc~~ed by tl1i1i ^&Tterrlel\1 Or mawially
Idver!ll:ly Iffcc11l'le fil\301tcial condItion or ptOptrtics oft..u-.
0> All luthoriUUollfo, cons-ents Illd approvalS of JOvcmJilClIUIl bodj(os or ageneic! required in OOUllCcticm wilh the e~eclltion Ind ddivery by lhe I.~ of lhi~ AgrotOlllnl or ill ~onncclion
with llttClrryillg <mt by thee Lessee "fits obli,alions ~cteundel'lr_ve beeeobtUlod.
(I:) The enlmlli 11110 ~lxI perforll'lllnet of lllls Agreemellt or any oilier documcn~ or agTffment conLen.'lp1a4ed hereby to which 4he Laser. it or is lo be _ flIl1y willl\QI viullllc: allY jvdl!Jmenl.
order, lilI"" or rcgulalloll applillable to the Leasea or mllll in any breach of. or cot\llilu~ 11 defllub Ill.. or ruuk in thr Cfe8.1;;:.n of any 1iet1, charsr. ~eurily Inle1'etl or mileI' ImCUmbrIllCC llI1
any .SitIS or Ihe USsell or the EQuipmenll1ursuanllO any im:Jellun.., 1l11111gagc. deod of trUil. ballk 101111 Of ercdillj/"eClI'I:nt or Olber inlrrument to wtlieh Ille I..cMel! i, a plr1y or by which il (If
ilsalSllUmoybcbollltd.elleeptfoSt~reinprovld.ed.
{I} TIle Equipmenl ~lCrlbed ill this Agrecmetll i~esSC:IlIA\ toO the functicmMtbe ~s~ortolheItMtC LessecprovidCli tel It5cirizcns, The Lessee has al1llllllJeaialC"lIeed for, 1l1)d~1\pecl$
10 n1J1k<: immedia.te use of. s..ibaUllIllally 111 Lnc EqV;PnIe'Ill, wt~idl ru::ed i~ llOt LCI~f!f)' or expected to diminiSh in the roremoblt 1\Il1II't. i\1e :EqlllplNll\t ....ill be ~ by t.cs.s.e.c onl)' for Ihe
~L)3~ ofpuf(lrmil1~ one or more or Lc:s~'s gOI'llmmelllal or proprielllry (WlCtioltS cOl'lSis\e1'l\ will'1lhe rumluiMe scope ofL.cssoc', aUlhorily alld willl10t he used in the lrauc orbLl$;n~~ or
.nY()l;I>erClllitYQrperaon.
lm) Le!~ .....Ut c.ompl)' willi aU applicable provlmns ol"lhc COde.. IlIcluding without lin;!tatiOll ScCliollsIO).nd I~ llleteof. .~(! ut(! 'WticflbleregullOOllS oftnc Tr~~ l)epanl1~l1! lo.
rIJl'IlI,iu the exclusloOn (>1 the in&cn:&l "orT1lor'~"I. vf Rclltal Pllymol~& from lITo" income lOr pllfPOsn or fedmtl income LI.:alioR.
(\1) Lt~t has never fkiled to aPJ)roprillle 01' orhaN/lst: mike available fund$ &llmdenilO ~IY ~nlll or ot)ler p"'ymenLSl>>ll1ll1l! (!uc under illlY lene purcilllse, in&Ull'I'1llnl sale or ()Iller
sifilllarll~enlC\1l.
SecUon UIl. GullllcaliOll 1,1[1 Artllraat. UUte l~~b)' tepl't&eIllS 1$ foll~
(II) The esbfT&\1fld LOl.al r:COdtloftl)1l Equipmcnt will nol be less 1l1f.n the total prillCipal portion ofllle Rellul Payments.
{b) nit Equipment Iw: been ord.en:d or 1$ ~:q'l~~ I() be ordered wi4hin silt. months ortl~ COmmellCf:mMlt Dati. alld the Equivn..:nt is e~p(Ctcd \l) be d~livered and ~lIliUllcd, and the Vender
fully paid, ....\thin otot y~rc>fthcCtlnwnt~rne'll Date.
(e) Lessc::c has 1I0t crealed or t$tabli'hed, aDd does !XIt cxp<<t to crcale or C:litablish. Iny siakmg tWld or OIher similar full<! (i) 1Iml it. fU50~\)ly e~pected 10 bt und lO pay l!le Rental
Plymclllt. or (ii) thai ma.y be used solely lopl"evcnll def.1.lh ;1Ilhr: paYll1enl oftho Relnll Pa~lJ.
(d) The Equipment has 001 b<<Jl alld j~ 110l~~Cledl0 besoldorolberwisc dilpO$edQfby Ume, e~thtr in whole orin major pal1, prior IQ ~I'e Inl n'Jlll\lrily of'lhc Ren411 Pllymcnll.
(ec) To 4he best 'If our ir.llowledie, illllbmlllloD and bel~f. lhe above t1~1lIion! Irt reumllble.
ARTlCI E III
SeCllnn 3.01. t..c.II~ of EquipnlCnt. Lcs50l bereby demises. l~eKS.and lets VIC E.qlliprrCl1llO l.t:5~e, and Lessee I'llms. ltaset and hires tho: ~uipn\em !'rom ~, In aClX\l'W.l11:l: willt lhe
proYisiorn; ofllris ~melll, fOl'tllI!: Letl9t Term. The Qri,inll Term of lhi$ ^gtet!lI'lL!lll. shall eomll'lCfl<X: onlhll ConJml:necmc>1l O"l~ and $hill tenninatc on tlte ~f.St day of le$St<e'$ CWT\!:11l n5'C~1
r;al'. The l.c,," T<!!nllllUly l>t ocmuuucd al Ule end oflhl: Original i<!!rm01'any Refle......1 Teml for an IIddiUonal Re~Wlll T<!!tTIlUfll0 me MlUimum Las.<: Tem1: pI'Ovided.IIIO....C\lCf. Ihallt lllc: eut!
orllle o,.iiJinal TemlllOO ~llht end ofe.ell Renew.1 iennuntH!tIe MII~imllm Leue T<!!rTl1 ton been C'Ompleted. Leueoesall ~ deermd to havc:cC>l1linllCd thIs A.jUeCm:DlI foo-lhe llllxl Re1lllW11
1~nll Lmlc.ss I.emt lihall have tcnninaLCd lhis Apec1T'.Cr\t pl.l'StliIIIllO SeclioD l04 or Se~iolll0.Ql. TIll!' ltnlli and cOl'ldi4ion1 d~nl.n'l R~'lllWII Tenl~ shall be the SlnlC" U rhe lemu and
colidilions dUrillg \lie Oriain~l Tenn. exr:es>> that the RC1llII Pi')'Tl1C:nt5 shall be as provided ill 11M Paytnmt Sehet:l'*-
Sectkln J.OZ, "fermlIJatkHt or Lea", Term. nlt 1..<<1_ Teml Bbnll tcnnlnatc ltJIotllbe- OlIrlie~ of Ill)' oftbe IoIklwinr.: evcnli:
(a) rhe e:r.pinlliM (loftlle Orighlal Tmn Of Iny RtneWlI Tennalld IhfI 1I000telleWtl ofwis Ap<<menl i~ the tvell! ofnonlPflroprialiclI1 QffundJ; pwt.lIi1IntLO S~iosll:04j
(b) Ihe e:o:.crdse toy ~e orute'!:lpIiort 10 purellB% .he Equipment Ulldcr Ar1k-le X ~nd p')'Ill~!ll. of (l1o: Pufcl$f;e Price and:ln an-.:JUI'lLS payable in COI1IOfClioll ~lerewitlt;
(e.a defaull by Ltll!leE I\1d 1Aloon clection to terrn;t)t,t6lh:!:s A.~l11llllde.f Articlc XII; or
a.~..oy,zoo~
~2~
Agenda Item No. 16F3
May 13, 2008
Page 17 of 26
id) tbe paymetll by Len" of 80 Rml1ll hymmtS autbom..l bJ' required 10 be paid by LoulI\! btNunder dum, the Mlximum LeIse Tonn,
Scaloft 3.oJ. Contin.II~" otLeIMTl!nn. Leal. cumncl)' intencb, iubjccc 10 Si:ction J.~, to condn..1he lAde Tem U1roueh lbe Orillllll linn and In ofthc RCI'lClWlI Tenus.1Id 10 pay
1Ile R'lIt1il hyfl'lellCl hereunder. Leue. IUItmably MlteWlS that Il!plly aVlllllble fund. i..n lmooot luff'Lc:iellt \tI make _II ReaW Pl)frllft~s dllring!be <::lritinll Ttrm and Ilch orlbe RCI1ewII
Tcmll>efIn be obllillCd The respoJllSible tln.neial officcfoflAneclhall do aJI tblnp lawfully wlthln 1m O1'herpo'Nltr10 obU.il~.nd nw.iml.in runds (rolll wluell the Renlf:ol Paymetlls fJIl)' be made,
includirll MIlking pro...ilion /bt such Rental Payment' f(l !be eJ;1eDt lIfCMury ill each proposed aTmUlI budp.t lubJriucd ftll' .~Yllln tccordlllC:e wlltl Ippliclb1e procedun:s of Lcs:sec lInd 10
cxlll\lSl all available "'v1e:W1 and IppQ1Ih in the e~ slIC';h portiOll crtbe: budpt i. Mlt ~~ NOfWllh.t.lJding the: fotC801l'8. Ihe decision whether Of 1JollI:I b\lltpl Or IlJPfOprillD (lllId:I or to
e:w.roud lhi. i\tnemmt fot allY Renewal 'Term iI solely witbillllhe ddcrttionord~lhan c.unem goyonlinc 00d)' ofLe5SCC.
Sl!cnoo 3.04. NonJlpproprltrkMI. Le;;,te is obtlpled ol'lly 10 JHlY sue,," Rcntal Paymenll under this "'greel1lCl'lt as 111lY lawfully be n"rk fl"Offi flalds blldgc1c:d and Bppropriated f(Jl th*1 purpose
durin:; Lee,cd; tben ourrent (boa1 year. In W CWflIIlluf"fitienl funcb shin nol be appropri.IedGra",TIOLo.huwisc tapti)' IVIollable to pI)' 11M RcmaJ Payments n=quiJed 11) be paicl in lhe Ilto'l[
oecunini: RenewIl TeM, as: set Ibnh in Iht Plymcrtt Schedl:llc, this ^ITHmcml sblll be deemed I(J be terminated lIthe Gnd ,,((he Lhcn CUITCI,I Original Term Qr 1l:000CWIIII"fm. l.clI~ee Rvr~ellO
dtliver wnlllul notice 10 Le9lOT o(,ueh icmul\ltion ,I least ~ d:a)'1 prior 10 the end GriM then eUITClI1 Oriainll Tenn or Rentwal Tlmn. bw failuro III Jive such nOlice! $h,lll nol C~len(llhc t..ell~
T'lInn ba)lOl\d such OtipnlJ Term IN Renewal INm. (f thil ....".eemcm i$ tenninaltl1 in a.ccwdaIlIlC wllh thll Section, Leuoe at~. 11 Lessu's COSIllnd C~pel~~. 10 IlEl1ll8llbly d.n\<<< lIlC
F.qUlpl'lleM 10 !..eSlIIOrallhe locf.iiollor locuiollC ,~mcd b)! Lasor_ Upcn rIltumollhc .Gquipn..t1t 10 LcsHlf, LeslOr wUI use lis best cl'l'oru to l\'!ale 1.lr 1IC1l tllll Equipmenr upl)u web leml$ as
Ul!llor, ill il6 TlIIl$OO.bhl judlJl1llmt. dclna pn.denL lalOr will.pply tho llet proliecdli or that RIle or loa,e in tile f<lIIOwmi nannlllr. (i) fil'l(, 10 ,,,,,nbune Lessor ror..1I costs a:lI1ooiBlt;d with lhe
t.kirlio ren1o"itIg, bo\ding, Nftlirina and _nK or liellilll of !hDt Equipr'mnl; (li) Sloond, t() pl.)' 10 LclStlI" In .mounl cqWllto lite PUJ'Chast hi<< lOr that Eqllipm::m at the lime ofllle lerrninatiolll
of thi~ Apeclllllnt; (ii) IhinS, 10 pay to Lemr 1111! I1n1OUl'llIlKIIilIIIJ)' Itt umf.)o LcIl5C:C:" l'CR*ining oblis:aolion$ under Ihis Agrcemcml: and (iv) fo\lftn, 10 remit :any IIl1lOlDlU llterea!le1' I'ttnairoinz 10
LeS$llt. No- daI'!eiene)' will be .llo....cd apinst Lc:8S~,
ARTICLe IV
S!Clkla 4.01. Rtl'llllll PaYlnenU. Let_ dlall pay Relll" PlymcnlS, QClus.ivdy Ii'omleplly 1\IIt(jablil funds, '1llawtlllllmftCy orrheUnt(ied StateS orAmeriClIO 1..cn:OfOlI Uledal" IInd in
lhe I.Il1tllJtlll $cl fof1h 00 lhe Payment Sc.bcdule, f\ny Ib:.ntal hymenl ~ T1:~ived on or bllf"on llll due &t>c shill bear m~111 the l'lte or I B% pet annum Of [ho maximum .mou"t pcrmilled by
I.w, wilicbcvcr Ii leu, from ill due date As Jet ronh ttI the PtymelU Schcdule..1 portioll ofeacf( Rellsal I";yrtx:nt is Plid at. and TCflfClClll,P'!ymeIltof, in1Cmt..
Stelhln "",en. Rcatal Pa)'mMb to CO"Ulllk- II C..r..e"t ~e of ltt.... The oblijaltoll ofL.euu to pa)' ROlltal P'ymlIllta hereWlder Ilmll CODIlitu(e a cumnl e"",~..,.e or~, .m;!" do
nOl CODStitulC IllWllGatOIj' ~ytlie:nl wU,auoo ofLe5sco in any liKa1 year bCYOlld Un: 11_ I;1Jrr~111 fitca))Uf of1..esset. LeasCle'~ obliption h~rcumler sh.1I n()t iD 1111)' WIY be COf\51nJ:d 10 be:.
debl or Leuea In contnlvcl'loon of Iny llpplic.bJe COIwriNliol'llI1 or SlllulOty limii;ltion or r.equlr1lYnenc concemiAs; tlIll cm.ciol'l of iul;kbtedne'SS b:r LelliOM, nor slllll llllytning contli"ed 'herein
conslill,lt a pledae of Ihe ~ntra.1 crcclit. IU ~vtnue&. fllnd$ or n10ue~1 of Lessee, Lcs* IInd L.d$o1' 1IIKler:st\lld Chli the LISt of the ad valorem tiXWli power of l..e$fee 10 mike Renll.l PaY1l1cIlls
cUlIltIlbecompcllcd.
Sceliorl 4.03, Rental PllymtD11 To Be UIJCOfIdldonaL !.XC!:PT AS PROVIDED IN SECTION 3,lM, THE OBUGA TlONS OF LESSEE "0 MAKE RBNTAL PAYMENTS AND
TO pKRFORM AND OBSERVE THE OTHER COVtNANTS AND AGREEMENTS CONTAINED IttREIN SHALL 8E AB$OLUTEAND UNCONDITIONAL IN ALL EVENTS
WITHOUT AnATEMI!:N"J", DIMINUTION, DEDUCTION. SET-OFF' OR DI.fI'ENSE. 'OR ANY REASON, INCLUDING WITHOUT UMrrATlON ~y FAILURE OF THE
eQUJPMENT TO BE DRLlV&RED OR INSTA1-~ ANY DEFlECTS, MALFUNCTION&, BREAKDOWNS OR INF1.RMI'l1ES IN THE EQUIPMeNT OR ANY ACCIDENT,
CONDI!:MNATlON OR UNFORESEtN ClflcUMST"NC!S.
A RTICLE V
Section $.Ol, Dcliv~ry. IrulalllllOll and AueptaJICC of 11M EqlJlp.IMIlt. U$$N shan ordl!l' dl~ Equipment. C8\ISIC!he Equipme:lllto be delivered III)(j.lnstall~d at theloca.tion specified on lie
frolll c.! Ihis I\Jl:N.n'lt:l'lt llnd pi)' Illy Ind _11 dclivery nd insllOltlon casts in conneclion tberewilh, Wben the Equipmellt IllS DeIln OClli'l'CTed alld inlll11cd, Les&ee 5~11 immedQlt;ly 1lCCllp( lhe
EquipllIelli and cvide~ ilid .~l1Ince by c~lIriJll Uld dt:JivtrinS I(J l.easor all le<<:pflllC\\' c.c:r1lmlle ilCtepUlblt 10 J..c:ssor. ....nu it !lu beeB insi.rkd" lilt EqLliprnelll will nol be nlOl'ed !'ronl
thclloc.!ion specitied on the frol1l oftllis Ap:IIlIUIlllt without l..nior'1 QOl1SClIt, nidi COl'llent shill mt be uQrusonably widlheld.
&c:don 5,01. EnJoysMnl 01 Eqlllpmanf, LeAee st.ll peaceabl)' and quietly IIIVO Ind hDld Ind enjoy !he Equiplm'lll duringm! LeU!! lerm. without suit. trolIble or l..mdrance from l..IluOI'.
except as olllcrVfis,e e~pl1:5SI)' set fonh illll'lis Ageemrlll,
Seedltn 5.03, RIEbl IJilftfptc:ilon. Lessor shall bave thc rigfll 01 allltas.oMibk dnll!S dl6ing l"eglllar busillCli' houri l6 eflter imo Ind upQll the Pn)pen)' of Le~ for lhe plIf1'O$c: or inspee:rinv.
tbeCqllipJlltnt.
soC.noll SoD4. lJle IIIlld M..lnt~na.u of the Equlpmellt. lc,1iCC willllOt mscan, use.. operato or l1lllintaln Ihe Equipment improperly, cm:leSsly, in violation of an)' Ippliublc: I.w t;lr ill a
manncrcontrary to that COllteltlJl11kd by dliI Agree~L Le$$U.sl\,allobUm all pcnnltl Bnd liccnus, irllll)', nccespry ftll" tlJel illSllllalkmand opcralion oflbe .EqU~L III addition, Lessee
shan convlY In.11 rCipC.;Q: with llllapplic:ab-k Law&. ~gulBllons Ilnd ruliniS Qf 1/1)' Ic,lisluive, ~e(llldvc. tdminisltlltlve or judicial body; provided \.hat Lessee ITlI.)' contt:.1.t ill good failh lhe vatidil)'
or lIppl\cRliOl'l otany slICh law, regulacion or rutina ill 11'I)' 1'OIonable n1illlll<< 111u clOO$llOt, i1l the oplniOf1 of l.cuor, adversely llrrCCllhlll illlere$IOr Lelsor ill .nd 10 the: EqlJipfnc:m Of irs ialertSI of
tilllts Ullder dlb Agrten'lel1l. Lessee: 1lgrce5 thalli will, as Lessec'~ OIMl. cosllnd MpCtIlC,maintaP1, pmervt alld keep Ihe Sqllipmelll in good repair. wolti"j ~r and amdition. Irrtqu~led 10
do ro by LtUllr, UEftle will eDterinto a ltllintcnCllK:eeOlllr.lCI fbrthc Eq.ipmellt widl Veooor. LESSOR SHALL HAVE NO RESPONSlBIU1V TO SERVICE. MAINTAfN, REPAIR OR
MAKE (MiPROVEMENTS OR ADDrtJONS TO THJ5: BQUIPMENT, I.ESSEE SHAlt MM~.E ALL CLAIMS FOR SSIWICE OR MNNTaNANCE SOl..ELv TO THE VENDOR A.ND
SUCH C,,-^lMS WILL NOT AfPECT LESSEe'S OBLIGATION TO MAKE ALL REQUIRED RENTAL PAYMENTS.
ARTlCI..E VI
~(:lIon 6.01. Tlt}e- t(l tbe Equipment. Durinl the LeaSle Tcrlll. tillt'lo Ult' Eqlliprrellt gnlll vcst ill Lessee, subjecl to the n!h!! of Lessor WIder lhis A~eTrCnt; pr-ovMitd thaI Ulle jhall
lherctll'ler Immediately llld widlOUI an)' 1CI1on by L<:uee Yell illuuor, and Lessee sh.lI jmmdia~l)' 1'Al'1'Olldcr pos:Iwion of rhe 6qllipmellllO Lessor upon {a) an)' Icnninalioll ofth!s ....Sroemont
-olhet lbanlennilla.lioll plltlUllltlO Sc!ction 10.01. or (b) the oec\lml~ of An c.vcn( of DcfiuU. It is llle intent of ~ parties-hereto !bat an)' transter of title tgl",e$.$Or plll1Ql!U", 10 !hi, SbtMn shall
occ.Uf lutolTlldcall)' wll11ou1 (be net:Cssiry or an)! bill orsalc, ..enillt:llte or dlle Qr ~hcr h'tStnlmml of WhWiYJIllCC. Let;sec ~han, Ilevertheless. ClIcCllI:C ltld deli\'C1" any luch mSlnmlCll15 u U:1$Cr
IIlIIY ~ugl to evldencc stICh Inn'~r, Lessee il1'CVtlClbly desiSI"te$, ll\Iktls, constitul.cs and Ippoints Lessor and ill; mipec as lesKe's tl1LC and 11lWful attorncy (and al/.ent in.t.cl) with power, at
$uCh1ime c-fltm\inl~iol1 or tin.i Illl:rc;1l1er.as lem:>r in its lolc alld llbso.t~c di'ctl:lrotl mlydl!:lennine, In lessec's or Lcuo(sor SUCllusipe'J name, to cndQ:$e the name ofLesseo upon any bill
of sale, doc\m'lCnl, if1SIt'1Jl11Cllt, if\1'oi~, f'rc~lu bill, bill ofladina: DI' .in\illl' doellrTlOlIJ relating to the Equipment in order lo yest tille in Lessor alid transfer p<lS58SSiolllO L.essor.
5ec"01l6.01. Ymollil Property. l.5sorancl LcSli~ ~poe lhalthc Eq:llip~t is and willl'C01lin pcmlfIlIl propotty. TIJ: &jl.liptl'lC!nl will not Ix dcemed to be aflillc4 ~(lfl partaflhe ~I
esla.1c on wlli..h it may be silualed, nolwit1tstmclilli that che Efllliprrll!nl or allY p.lr1 t11crcofnlllY bc:.orbcre~l\erbe<:QrT:r in.BY Il'IIIlJ\O'l' ph)'llically affiM<! or,cllCfled to slIc.h teal eslltc.OI' .ny
buiJdln)l theru.n UpOlllllc ~Cf1leil of te$$Qr. L.es$ce will, IL LeIlHC's .1!Ptl:lSC, flMllrlih J wll.iver of allY ill:erlliL ill lho Eqni"prncm from lny Pl(1)' I..,.inl;ln izlteresl ill to)' such rul estalt; 01'"
buUdill.!l.
ARTle'! I!: VII
SoeU0IlI1.01. Llcm. T.Uft, Other Governmelltal Char,&:l!llnd UllUty ell...-pL lt$ll!e "'In UI!p lht Equipnrnt I\te and clcarof .11 liens, eh.iU'gel and encUlrtlnDCe5, el'.Oqlllhose m.uel1
\q1dct Ihis Aglll'CI'llml, The partie-f to Ihl5 Agreement C0111m1'1.tte Ibllllhc BqWpmcni will ~ \>Sed f{)t. 8Ovcn1mt1l1111 01 propnctary pw:pose of Lessee arxJ.. IhCl1!fore, that the Equipment will ~
exempt frOn1 alll.axts and Otlll)r $imilareharps. Ifthc UK, plJUtflOOn or ~Uitilloll ()ftbl Equipment is found to be subject 10 taullon In lily forni, Lessee wiD pi)' all tncslfld gOWlnlnumlal
charges 'llrowfully usessed or lc,ied alalllsl Of wilh l"CiJlCOl1O cIle: Equil"llt;l1t, t.~ shall pay .Il utililY and other clIalles incumd in che UK ~nd mainlCnlnl:i! otlhe Equipll\Cut. l.e:!Iscc sh.n pa)'
sud!laJ;cs.md el.rges IS ~'Ie same becon'le due; provided thai., with re!lptot 10 any t~b t;;ll.C$lIIld cllarl~ thal n~)' lawfully be' pIlk1. in IiIUalll1'1CnlJ. over ~ period or yew. Lessee sllall beobUp\ed
to p~)' only such Inssallrucll\$ lhat aecrve <lurins lhe. t..ea9C term
SectllMl 1.1)2. JIQ.W""ncl:!. Allis own Cltpell5e. LcssCil sball maimain (a) ClBualty il'lSW1nr;c lm:uring 1111& Equipl'J~t11 agllillSt los.a: or dama,c by firc aoo :all O~la roSa com'Cd by thr modard
I;...tended coverage endor&cmenllllW in IlK in 1I!Ill State alld Dn)' othc:J' risKs reuot'llhly teqliltul by LtSSt)T in an lll'Ulunt alml eq~11O lbe Ib.lI applicable Purchase Price or th~ E~uipmlnl. lb)
liability ;n.lurance ~l~l p~cu Le:uor from liability ill all events in funn tnd al'l\C~unl s8tisrRct.()I'}' to I.eS$Of, lLnd (c) workers' co.ll!Ialioll C()vt't;\et IS required \1)' lite: laws ~ftM SIa1C:: pr()vidcd
111lI1. wilh lA$$f.ln plil)t wrilttn C01W:'111, J,..essce lTIiIy Il!:lf.ihSUrc: a!lim( lhe nsh dt:5.cribed ill cllust! (aJ and (bl, All im.uraocc: plVCCCds fronl CUJ.tltcy )oSS\l:Si slllll be PByable as hClI'Ilinlftcr
;..rovlded. LeRec shall furnish (0 tenor ceniflCaru evi4tncina 611th COVClalJC ll1rou&!lolllllhe Lease Tc:nI1. All such ~lJalt)' and lIatlillt)' illlllrll'lC<: smll be: wilh ht5W"\lB Ihal'~ IlCccptable 10
Lcsror, sll!lIllamc 1.~()t as a loss payee and al'l .ddit;(t"ll imlnd. respectively, aAd. shall tonll:il\ a pro\lltion 10 the ern:ct lItal such inlUranee Itlall oot be cancelled Of modified n1rlllerlally
whhout firsl giving. wnllen nolite dlercof to LC6wr at kulten da)'ll in adv~nce of sucl( calloollalioll or IlllXlirlCtrion. All sw:11 Clillltll.y insunnce slll.ll cont.ain a proviSKlll tnlkill~ any lot.Se!I
payable 10 Le~c ulli lessOr, as their lellpective jntc;~ (D1Y :appfJll;r,
Sedl"n 7.03. AdvRDCU- In t\Je CYClll ~ shalllllfl 10 ~ither n\ll.!nt.ln ~ll\llns.\lrancc rcquir.c:4 b)' t~ A~menl. PlY tbo:. tall<< or ellOl~S requmd to be paid by i( under tbis A;rlemen\ Of
keep lhe Equipll'l!t'J1 ill ,Sood repair a~ worlcinlt l)rd~r, L...euor lIlay, blJl tihall1>e llnduno obIigalionlo, ~l1ase the roqllirt4 polk~ ofinSllI'ancc al'ld pay Ihe C(W. of tilt tmmiUI)lS lhertof. Il'llY
slIch Luel and c1UTlCIi and ma.ilUl!l, and repair the Equtpmcnl and. 'Ply the cast tbcrcol An amQulIl& so edyahCOd by Leo1llQf ib.U btCOll'lfl addiciollal Tent rQr lbl Ibell .cum:I\l Oriltina1 Tmn Of
R~m:""'al Tcml. Les~e apl:Ci to pi)' suct! llmoWlls wkh ink~R chereon. &om tht d.te: paid .1 tIlt tate of 12% per .nnum or Ine nlll}l,ilTlU1Q pc1'/lliuecl by law. wtJicJ1CV1:r;5 leSS.
SKllon 7.04. FIII.ucla'lnrtlrmlllloll. Lcs," will'lUll,lllly provide leMO( willi ~li~llllillallcial ~Iternenl$, budpl$, ptl:l()fs at appropri.llOll for lhe ell$\lmg lIscill ~r alld slJCb ocher
finallCial infonnatiDll rc:1atilltl to the abilil)'" ot'LeISt:e to C011linlll': (his AgTetml'!nl 18 may be (l!:ql1l;1S~d by Leuor.
R""OJ,'lOOl
.3-
Agenda Item No. 16F3
May 13, 2008
Page 18 of 26
Sc:c111I1I 7.(15. Rde...e. "Id Indemnlnu.lIon. To II. IlJlikfl( pcrmined bylaw, l.essec sllall indclmnify, P"'t"l and tdd l..m*~ LeISOl' frol" _lid .pimll any ~Ad ,1l1iabilil)', otI'iJillions,
IoS:Sei. claims and dllmIl~ \V11llUi0ll~, ..rdlea ofc:ause lIlem)f. and ellPt'IIte. In cOIlllealon lherewllh (illlllvaing, whhoUl: IImiwlon, OOUflSct (ees and eJlipellM1 and. Ill)' federal income l'~ ill(j
inlerest and FlIlllillS cQtLDtcltd lhrINwulll~sed on loteral1CCCiRd) arilli", oul of or., the tellJll of (a) ltuli enteriftK WlI(I this ^greemeDl. (b) ~ OWftettWp of IUI)' ilem of lilt l'iqu;pmenL
le).he nlllmlfll:Curifli. o~nl. acquisition. use, ~l1Irioo. ronrJitiot\, ~wl!:. ullWll"j, rejection. SRlftIl or relUftl of lit)' Item of Ihe Equipmenl. (d) In)' ao<:i&1'I1 irJ connl:'COOn with t))e
npenlllion. list, colH1l&n, possession, SfOI'lllg!tIJ\"161um oru)' illm of tile Equipmetlt l'C!lUltiQg il16lmaJC topropertyQr irtiUl'YOI'deall1lo 111yperlOl'lOf(e) (he b~k:hor"IY covenllll herein OfILII)'
material nUsrepl'ClC1ltllion COl1llinc4 berchl. The: iDdeMlliflcaliou lrisinllll'ld!T !his parlgl1Iph shtll ((lIllittlll!l in fwl foree alld effilcl notwllhstandill8 the full payment of all obligalioN \lntkr llti5
^st1:t:fllCnl or lhe ~mul&lltion ofrhe Lease Term tor Iny R!UOlI.
ARTlr.t Ir vm
SeellOA U11. Rbk.of'LDIs. Uuee amllnes, 170m Ind iN:]uWlIi IheComn1clICCmetll Dlte, In nd; of Iou of or al"r1lge ~ tilt &plpmeut l'rom Ill)'cause I'otlaf!OeVl!r. No su.eh loss ofor
danlllll: to lhl: Cquipmctll nor deii:cllhercin oor unlllne$S or obsolefcence lMTt4lriball relIeve Ll!nu of tile oblijalion co make Renlll Plyl'l1coo: Of to pi:non"lny ol~r(lbligillion Lllldl:r Illii
AKr"rMllr.
~dloA 1.01. Damagt, Dalruc:11cH/. IItd COlldtmllJllJon. 1ft.) lhe Eq~rMlll or allY portion Ihereur is desU"Oye.::I. in wllDle Of in pan. 01' is damaged by tiR! or other (:QS\IIIt)', or (b) litle! la, or
1he teOllorlry ust: or, IhI: Equipnar.h1: (It any pal1lh~f Or II. hll4ll'tlst or 1A1I~ (It Leuol' ill die Equipmet'll or &Ill' pll1tltereorshall be t1ken imd~ the~" ofllle power otemit~nl clonin 11)'
allY iltlYCnuntnral body or by I~ par&<ln, tlnn or corporaliol:J aClillg uldcr aoYentrretllaJ lud~)', l.enae awJ LMwr will caute the Nor Proceeds of any iMuraoDC eldm Of condemnation award
10 be applied to the prolJllc rI:p'-<<lfIUIl. rtpfliJ, rc:scoradQn, l1'IOdibcic:Mt or impro\IMI.nr ot the Eq~mel'll, unlm Less"," ,hell h.ve eXI:'II;i5ed its OPUOI1 tD putt.base 0. Eq\llprMllt puJSlIllnl10
Section ]0.01. All)' balanoe ofllle Nel Proceeds renDlnina Ilftersu!':h work has b~~q:tletl:d Shlltbe ptIid., Lessee.
Sec:fiolll.03. Inlllffieiene)' or !\tel Proceecb, If lho Net Prc~ are IMIiAkIe1. 10 PlY in lUll the eost of IIn)' repair. restoration, modif~liGn or impl'CJVernenll'l!f~ III in Sutlon 8.01,
LC$5Ct stili! ei!~ (~, colnptele such ~Iacemml, repair. tejllOfltion. modification or Improvemenl and pa.y Iny emb tJlc;reofill e~(le;S$ oflht amolll'll or die Net Proceeds. or (b) pllfChue Lesson
;nle1\'$lln Ult Eqllipmt!ltt fJUTS\IInl to Seelion 10,01. 11M 1100uul 'O(fhe Net Proceeds, ifany, te.minilll lAerco""leling such ...., re5toralion. lOOdincation Of impro~ment or tnerplllChHillt
llle 6quipmcllllhlll be relJ.ined by Le~. If L..enec shan mlke Iny plynlellt:a PUBUIIK to l~il Seclioll, l.eneo waH 001 be entitled IQ tny reint1l,11nnlllllt there1'or from LedOr nor Shftlll..ellllCC be
elllillri t'O iUly dimilluliOtloftbe amounlll: paYlble under Artiek IV.
A.RTICLE IX
SeelloA UI, Dlldaimerof'Warrant4el. LESSOR M....KES NO WA'lllANTY OR RKPAESENTA"J'ION, fXPR.tsS OR IMPLlED,AS TO THE VA.LUE,. D&SIGN,CONDITJON,
lViERCHANTA.OILJT't' OR FITNESS fOR PARTICULAR. USE OR P1)RPOSI!. OF THE EQUIPMENT OR ACAJIIlST INFRINGEMENT, OR ANY OTHER W"'RRANTV OR
RF;PRESENTATJON WITH RESPECT THERETO. IN NO EVENT SHAt.L LIiSSOR at LIABLE FOR ANY ACTUAL, INCiDeNTAL, JNDIRECT, SPF.C[AL. OR
CONSEQUENTIAL DAMAGE IN CONNECTION WITH OR ARISlNC OUT OF THIS AGREEMENT OR THt EXISTENCE, fUflNISHJNG. FUNCTIONING OR lESSF;f;'S
USE OR MAINTRNANCE or ANY EQUIPMENT OR SERVICES PROVIDED FOR IN THIS AGRE&MENT.
Setll(l. ',02. Vudor'1 Wltl'nlDlfu. l..eme may 11i111V dlhl" 11l1W thcoollrrael evilkooing llle pl.l1t:hal<: oflhe Eqwprl'lenl; 1..e$Sec illldvised IQ c\,IllIllellh" Yfl,k!Of fDr a descriptio.. Dran)'
iuch ril1\l1.. LeMor hutby IUl3n11O Lessee duril~ the Lease Tenn III wa.rrtnries rWlnintl F"ronl VenoorlO Lessor. LeswrherOO)' in"C\'OCtlbly IpPOil1lsl.enee iI' .~III ,rnl'llomO'.jn.f~a dunulI
the Lease Tem1, so lona: If L.esJ<<; ~.Il not be iD detalLll hereunder, to lS!erll'rom timt! !(J llmr wIlllever c:llIims II)\! tia:hl$ (includinl witl/l)ul!itl1itatlon ""lITantiel) I"I!la~ 10 the EqllfpmMI thlll
LesSIQr nil)' hll~ _pmS'lllll! Vendor. I...etiee'lsolt: n::med)' for 11Ie brellCh of.ny lutt Wi!UTilt1I)', indcm~IClealion or l'e!muIXJllion shill ~ IIllmt the Vendor, and nlH a~ina' Leuor. My such
muler slaall 001 hive IllY elliK:t whatsoever on the ri8111$ alld obiiptiDO$' of l.4$,or w;lh rellpcKtlO Ihis Apemenl, ifl(;ludinC fhe ri,11( lO receive full ~Ild limely pay~lts 1'>t~u,ldtlt LesSC:e
expl1:5Ily <<:knowIOdge$ Itlftl Le.$Sor makf:$, 111d has made, no rcpmcnu.tiom or WII'JaRlies wh.uae..er a~ to Ihe existence 01' 1\l.Ib.biluy "'such \lilrrlllliea by 11111" Vendor.
A.RTICLE X
Sedlon 10.01. f'ur(hase Op60.. Lesseeshrin haye!lle OpUolllO purclale Leuon intereSl.lullll(but notltsS IhanalJ)o(tho Equipmcll1, ~n ,iviOjl; wnl.(en nol):;,; lO l..e$IOl"alle.s1 60 (WI
IlOI mote dlln 1&0) dlYS \x:fore tbeduleo(purclla5C., lit tl1C 1OI1(lwilli limes l1'ld upo~l the tbllowi1\i:tcnnr.
(a) 011 In)' Renl11 PlyJTlell( OllIe. upOn paymeIV In fu]1 oflhe Renul P.)'mtnts&lld III other amounts then due hereunder plus lhe lhena.jlpliC:lble Pl&'l:hue Price to Lessor: or
(b) [lllhe evetltof~ubstaooal dama&.C 10 Of deSlTU\:.lion ()fcoudemrllt\ion o{lUbJ(.lnIIIJly aU oflbe Equipment, on the day Lc:s1Ce r;pecifle5 a$ tho pwtllase d&te ill l.e$s&e'& IlOllc.e 10 UU<>/' Dr
il& e1ereise 0( Ihe purchase optiou, upOlI paymel~ i~ full of the R.c,lUl f>aymcl1llllnd III other a1MUI~ dlCn due hereunder pll1!1 (i) d~ PUT~heu Price ~iKIllLed on tilt Plymmt Sc~irle Rlr
~1idJ pureh.ue dacc ir such pwrehuc dale i$ a Rental r.a)'lnenl Dilte or the PurcluR rrit-e for the iffiml!:diately prt<:Millg Rental f>aymml Oalo if ~uch purd\a$e date i~ not II R-ent!! PJlytnl!nt Dal&,
and (ii) iflucl) da)' illllOt ~ Rental Plyment [);,Ie.ltl anXlunl equ.110 Ihe fXIl'tiol'l ofUtt interest component orlllc Rental Payn'M:llI Khe~ul~ 10 ~ dlJt 01'1 tIN:! rollowing kenta] payme:tt Date
aiXlllcd from the imlnadillt1y JM"~udill& Rcml3.1 P8)'1118111 Date to 5uch pUl';nuc: ~ ~orJ1;IlItod I;1nlbe ba$i~ of.ll. J60-cia)' year off'NeI~'e )O-d;ay months.
LJpolllhe exerei'it of th,e optiolllO p~hase set rortta .boYf!, lllle 10 the Bquipnla11l shall bt \ltEled ill Lessee, !fee Ind 4;llear of any CAll" by or through LIlswr.
~eLinn 10.02_ DelUmlD.lion or Pair Pllrc:basf: f'rLtt. u&See Ind LC:6iOf" Il~y al"<< and dele-mlirte Ihll the :Rental PlymelllS heretmder durina: tlte Oriwinal T enll;&lid exh R~)tWll.I TaM1
n:prnenllhc blr YlllUl! ofllle use ofU~ Equipment 81'l11 Unt the lmounl required IQ e.tereise Lessee', optioll [(l purehasc 1I1f1 Eqllipnznt pW5U8lli to Section 10,01 re~re&eIlti, u oflllo elld of lk
Orig\118/ Tm11 ()( ~ny Renewal Tel'll'l, tbe fair l>Ul'ChlIIse PJWe oftiae Eq\lipmenL Lessee I~)' d6tmuilles !hat !tie Rerrt31 Pafll'ltnll de 1101 e~ecd Il'CBSOnabJe ImoWlt so u to plac.e Le$$ec II1ldet
a practicll etooomic <;OJTlluhion 10 T1lnew Ihis Al/TUlTlMt Of 10 ~eteise it! Clplion to purehue the EquiJ:mletrt lJ:l'tulIder, III m.kitl& .$UC1l OeI!nTJ:inatlol'lS, Leasce Ind l.e$!Jor have ~ivet'
OOllswel'1tion la (2) tile COSIS of the F411il'tmfll. (b) the U'5CS Blld puTpOSeS for which lh~ Eqllllmell'l will be employed by lellt6, (el tht benet1t 10 l..essee by reuon of Illc acquisi!ion and
illS1O\lliiilim ofth~ Equipment llOO the u~ of the: Eqllipl'nefll plUWlll! 10 !lIe ltTll1S and prtlvision. oflhir. Aperntnl, and (d) ltm:e's Oflrioal to plrChase the Equipment.
ARTICLE XI
S~fIDR lUll. Al'lgamenc by Leuer. Les~r'$ I.TereSI In, 10 .and under dlls Agrt!6ll-.ent and the Equipmenr Illtl)', wil1Klut noLiI:e 10 or tbe cun~l ufLeuee. be ll$Siplerl and reassignod in
whole or in put te one or nlQT'C! assitlnm by J~uor. Leasee hereby appoillll MtlnicipaJ R.ea:islT1iIr ServicC$ (the "Rc.istr.l(') u iI' ~enl (Of Clle pul))OSlI of mllil'luining a written r<<ord of each
luch usiJll")tnt In. fon" ntCf!mty to OOl\1ply with Section 1-4?{&) of lhe Code. No ,Jl1Ch ~uii'1l'11el'rt 5Ju111 be bitldil1g on 1..M$l:c until the Rl!jl!lr,r hI! I'I!-Oeived wriuen notice from le$sor oflhc
n:une uld IlddrtU of 'he usignee. le.ssee aK~es 10 e<,ecute all documents, includlnK d'lIUe\ morrpgu <lr tillll\clll& sUlct'lXIlts lb&t mil)' be IU5on.1bly requested by Lu.sor or any assil91tf: 10
pro1ecl its Im.resl ill the Equipment and ill th~ Alr'tCmerrt. I.usee 1~11 not hove ll~ right 10 Blld ~hall ool8lsert IgltinSl any Ill$ignCCl anyclail11, COtlnler:=llm~ del'cll$t. sel-olfor olbcr righl
1..es&ee may rromlil1'le 10 time ha'Je.lpinSI LclIsor.
~c.lll)l'1I1.02. Al&llnmelVluul Subllluhll by Lealet, None ol'leno::e's I'l~ht, til\e BI'lli iolele$1 in. to and U1l&r lhis AgJeelflenl and in tile Equipm:1l1. may be usilllled ore~ulrtotl'etl hoy
Lt~$(!e forullY rcasol'l. except Ills; Le~SI:C nllY ~lIble3.SI: all or put oft~ CI;lllipmoJTl ifl.es:s~ oblail1~ lhe I'riOf wnllen coll5CnlorLe~or and an opinion Qfnlliolllll)' I"e(:Ofj.lli;u:d cOlu!Ser iJl1he aml
nfrall e.l:empt munioil_1 obligallons !lari~f&cIO'YIO U!&sorWI llUeb sublel8llli will OOlllldve~ly alfo::ctlbe e.lcl~ion orull,l itnert\S1 tornpone1\ts ofllle RI)l\I3I f>1lymelK! from I:ttIIS ilWolJlC for
federal ioc(lll'J:" lOll pU~!UeS. Any 5u~!T sublease (lfall orpartortllC Equiprnem shall Ix subjecllo this Alreelllen\ alld lile nlllt$ oflhe 1.e$SOr ill. 10 Ind unr this Al,.'1'eelli1t:l1t llOO ll~ Equipmellt,
ARTICLE XU
SoctlDI'I 12..01. E...enli DfO"f.autc Def1AW. S\tbjecl t'O Ule pro\ll!.;OII.l ofSect:on J O~, any Dflhc: fol\c;lwinlj..shllll be ~EYenl.l. or Deflult" tIl1der this Al!1l:tmel\t:
(II) Filii=: by leliee III pay 111)' Rental Payment Of other paY1nent rt:quited 10 be plid hereundet .alII:.! time specified herein:
(li) Failure 0)' LeSll~e lOob8Cr'lc Illd perform any coveniillll,conrJidoll OI"&gree~nt on itzp.arttobc \Ib3c:rved orpo::rfonTJ:d, other tban u referred to 111 Sectio1112.ol(a), fur a period or)O
dey! aner wrillellllOtloe. spedi')'lng ~uch Fllilure and n:qlle:ltinllhllt it be remedied. isgjven to~.. by l..easor, W\lel;s Lessor Ihall.iJ.~ in wrili11i 10 llI1 extellS;LOll oCf!.l(:1a linllC Pfior LO its
eX!llrallon; provided. however, ir the flilw: sll.led ill t!'le nodctl CltU}Ql be OOII'ecled within the IppliCllble period. wser will nOt un~uolllbly wil11ho\d its consent to 8n elltefl6iOl1 of'i'Uch lime
ir C:OrTe<:ll\le ac1ion is mslituled by Lena within the appliellble period Ill'ld dilitently pun:ued llIUlI dIe derault is OClITeCled;
(e) Any ",wmen!, repJtsentlltiOll or W8.lTllnty ll'llde "" L.eufte i~ Dr ptnua1l1 to \hi, .....~ment or its ('ll;e(:uOon. d~li'o1!r)' or perfOrlllllnce sf\llll pro'" to have been ftI1se. lneorrect. misleading
Of lile~ched ill !lay nl3teri::1l ~l on the datt when num~
(d) Any pl'Oyisioll oflhis Agreemtfll slt.1l et a.y tIme fQr any reason ceue to be \laiid and bindillJ on le$~e. or ,Mil be declared 1.0 De nu\land \fOid, or Ihe yalidity or ellforceli>ilily thcmr
shalllJc e.:.Jti185led by l..ebsee or ;111)' go..emmenlAl i!Jene)' Of aulhorily irti~ 10m; of SIlOlI pro\llsion would malenall)' advl:r~t). .freer lhe righl$ or ~eurilY of Urssor, or LeS!.e<l- shall deny th~1 II
ha~ any run.hel'liabilit)' oroblilJiltion under thi.$ A~18llt;
{oe) Lessee shall (I) :apply for or COllSllnl fO the appointmcnl ora receiver. lmlee, Cw:rOOIall or liquidu3r orLes.scc, Ofoflll or a ~ubllullllial pa.n of the ~ ofLelse>c. (Ii) be IlnabJe, rail1)r
admit In wrirlna its inabllily Fnl:rlnl' ~ p~)' 11$ debts as (bey become d\le, (iii, mak.e a ,elleral u.siplIllenc fOf' 111a b~lJent of ereditors, (iv) have III ~ for relief enLeTul ."Iintl it Ul'Idu
applic:eble reden.! hnllkruptC)' law. or (v) liIe a VOIUA1.lJ)' p~1iliOll in blnkrupt:)' Of tl. petition or an answer udc111& fl:>Dl"Kalli7..arion 01' an 8mmg6ffient .....Itb mdilOr'$ or ll.lkin.g ;adVl;ll1lal!it oC all)'
illrolvcncylaw orln)'1I1I.'lWeradmhltf1grne tflIl!erill a]legltlolll ofl petilion filedllpm,.l ~ IUlIn)' bankNptcy, ~ol1lr1itltlon or il1Sotven<ry P~~inl: or
(f) All order. jooJ!.ment or decree allRlI be elltere4 by lilY court of rotnpClOltjurisdieriol1, approvinK;\ petillon or .appolmln1: I receIver. tnlSlec:. clI,l;ltJdill1 t}f liquidalOf or Leasee or 0( all or I
SLlb!!llIIi~1 part Df lhe Ilsseu or bnee. in Cll<:h roll" wilhoul its eppliuliDII, approval or COllsent. and IOlteh Of(\l;r. Jud~menl Dr de~ ,1l.B1I MnUIIUC UnSlll.yed 100 in effect for Iny period of}t)
CDl"d:ecutiv-e d~~
S<<rloll 11:.tl2.. Reniediu on Drflult. Whenever any Event of Defaalt exill... Lessor Jhlll h,ve the rip!, lit ill sole opIion wit1"tOUl: any fortl1eT de!1'llOO or llOtke. 10 lake one Of' any
eolllULJlrlOli"l1l or1lle folll,lwilll TCl1'1tOdial ileJlS:
ftevl))f2OOll
.,.
Agenda Item No. 16F3
May 13, 2008
Page 19 of 26
(a) By wnuell lw;ltlclllO Losseo, Lossor n.y Oeclarc all R.ellilll PJ,~fl'Jents 'lhd 011.' arnJu.lllt p~)'lIblll by lMSN hCl~ur.dcr to the end or the tlLeIl cu~nl OriSi,.t T~mt l)I' Rene_I Term 10 be
due:
(b) Wilh or withoul (llmlinatlng dlls A.pelm8llt. Les&or !'rIIly cnlJtT the premi$" wllere die &Illipml.nt is: loc:aled .1Id retake pMP:SsiOllofthe Equiumenl (lr ~uil't LMIet 8L L~5m'w c~pen,e
III p~ roIWll.n~ or 1111 of the EquipmenllO I!1c ponM&iOJI of l...u!0l al I pl&cc !f)Cclflod by Lc:s:tor, and.sd1 orlco$c the ISqlliprnol1t or, rot dHI a<<:cluntorLMuc=, ~lIwe.u lhc l;quipmem.
hOldill& lA$$IU liable (OJ the dUteAlll~ between (I) the Rfttla] Pa)'ll'Clltl 1I)d olber amounts pa)lllbl6 by l.a:Jee bemJl1der pIllS the llu:n appliClble P1Itcll_ Price, and (Ii) the nil proceed! of .11)'
sue-h sal!, lease Dr slIblUM (IR~r 4educlinlllll npcnsel of ww in OlIorclsing its rtllnedXl. under tnit "peement. includlllJ wiclloat lImhadon, all C1ipcuSOS or takhlj posse:sslOtl, sIOlirr;,
reoondiooni>>8 and scllillg or Iewl!: Iht Equipmctu and all brokeraJe, IUClioneet$' and J110~ ll!;es:); Pl'Cllliihd chllllhe .motll1l (If l...etstCJ liability ~nder thIs S1.IbpIlragn:ph (b).shI1I not
ell~ lire Reur&l Plymellls and ~r amoltlUl otbcrwi$e dlMl lleR'undtr p-lus tle ren8ill2ug 1tmr..1 PaynllHUI and odleT lmolmu: p.y.b~ by Les5ef! Ilf:rt'~nder to the end of Ihe lhetl WITef1.1
f'i5QI yetr of Lessee: Il)Cf
(c) Lu50t mlI)' like wba~r otbeTactlon at law or ill cquil.y IIIIYappMt neemary Of dllSlrabk to enloru 111 riJb.1s u UJeownerortlle' Eq,u1pmelll.
In .dditiotl. LeslD: will TelTllin li&b\e for II' COYflnlnq ~d ioden1rlitie8 IlIlder tIlll Agn:erJllml and Ibr aUlep1 t~ tnd ok costS atld 'MpellSa. incltadillK CtMlrl 0Df.1S. illCtllT6d b)' Lenor wilh
respetllO Ihcen~mt:nlof.nyoflh.e n!:me.d;es liaLed lbovc or'~ QlherJl:!medyawWabIe 10 Leuor. Lessor may chirp inlrmaton all alllQlIJIlSduIII u. illtlbe r.l' of ItW~ perlnnumor!he
l11lll'imt.ll" IlmooTll. p~tnlitled by lI.w, whichever il 1m-
Lessor 1110 LeHee aJreC' thll thert is no Inlllllt/on to e~Dtc WId<< this Acreen1t'llt . ri..ht of Lusor 00 <Ilspoe.se!11 Lessee involulluril)' of the 10;11 dtlD 10 or tho rl,Jl1 of \t5l:i of tlie F..q~iprnelU.
Les50r bereby in-eVlX;lWy walYllS any rillht 10 Ip<<ifie perfom.oc:e of Leslll:lCl's ~Wlnlll.' to rr.nsfor lepl title 10..00 l":Iurn of po_ion ofllle c.qWpmenllO ~51or.
Stctlon 12.U3. No Remedy IUduslye. No romtdy l~n COI'Ircrred llpC)11 or ro~n;lI'Yed 10 Louor lsllllended 10 be eMllwivr: .nd every such renWld)llthatl be Illlmllblive 1M shill be ill addition
It:' ,"""J)' clhef remedy ~ivtll\ llIder Ihis AlJ'eemcllt or oow or l_tln~r ~i,(ittv al law I)r in equilY. No de!".\' or Qmi"m to ell,mise an)' rigbL Dr power lKlt;l'\Itl\K \IPOIl any de-aul! sball impair Iny
~h rit:hl or power or shaU be COl1StniCd 10 bG I \YBivlrthcreof. ~l'l1)' il,.Il;h rillRtllld POWtl' fill)' be Gx.eroiied fu:om lin-w: to time 'lld as of\enas m&ybedeerncd etpedicllt. III orderkl enlille
~$Y)r k'l e~crche any remedy rel6rved to it ill Ulis Arnctt it ~halll~t be- necemry 10 give llrtY notice. other th.n woh nodet IS l1'IIly be lUIuln:d in thii Amell:.
ARTICLE XtII
Sedl011 13.01. NOln. AllllOtK;l;lI, l;'ertiaiCllt$ or olhtIrcommulllcations bcn:unl!er 5ha1l tie louMcrntly &iWlU and .baD be deem ai~n when 4e1l'o'eNd or lu.11ed by registered mail, poslaje
prepl\id, t.o the 'lIrt;es 'I the a6c\re$5es on 1he fronlorlbis Ajreoment(or at$l.lCll oilieraddte$1 u eilber paltyileretD shall dePiJll.le hI wrllinz 10 I~ other fur nollc.cs IOsllCh plmy}. LO any luig:t!<<
at ib .ddl'C$S u it .ppeal'll on the reri.tralioll books fTalmaiPtd by 1...es1lU.
SttlloMl 13.0%. Blndl. Errett. Tll/$AgNlefI'JMJlWU inun 10 die benefllof'lld shall be bindil'll4'OI1 Lasorand Lulee andll" re:'f*d~e SUCOtSIOn ancl.ssipl.
SetllOlll 13.03. Seve,.-'>lIlty. flllhe .ovetlt II11Y pTOY\sioo of rills A3'eefI~ shill be beld iflVlllid or ~nfolwabl~ ~y IllY eOUll Cof COrf4)elellt jurilldiclfgll., IUI;h holding. shall aot inY1;lidate or
1~1der- w~fun::..blo It.)' other provilion hereof.
Sill&. 13.04. En.'re Aarremenl TIlis Ag7ee.mr.lIl ocoouitutCi 100 etltm IgTCeI1~bl between LullO!" BTld leSKe.
SClCrkNl 13.0!. AlIIeodmllllu. This AVfVlllnml m;ay be ameHded I.n wrllill& b)' LeU4;lr IrKllAiSlCt,
SIO!CUoJl 13.0<i. Execution In CoPnkrpl'lft5. This Al9'~me," nlo'ly lit- simull.neo\.lllly exeel4led in $tveal ~ounterpl"s. ClIch of which slulU be III oriain.1loo.all ofwf.lcll shall oousdtltte but
one liInd 11M: same il1slNmenl.
Seetkm 13.01. Utllf')'. The panies hereto IIJP"C<! IIlll Lhs ehll'1llS In Ihls ^vn:emcnl shilll not be II viollJioll or usury otolhcrlhw. Any I~eh DX<<$$ ch.~ .sh~11 be applied in sucl1 orC~ _s to
c.onlbnn this AJIl'l:ement to sacll .,.plieable law_
S<<tlolllJ.(Is.. Jlfry Trial Waiver. TO TliE EXTENT !"ERMI1TED BY LAW, I.ESSE.E AGRtES TO WAIVE ITS RICHTTO A TRIAL BY JURY.
See-fiG" IJ.D9. Fu:shnDc Docum~DlatJoa. I-GMCle .~cs thll. Iiesimlle c:opy of this AgrKnlCnl wlttl fac:limile sip.tIlles mly be: lW:ufld as all original ami will Ix IlImiiSible h Clvi.:k1a of
Lhh^~l11CJ1L
Stellon 13.10. C.pl$ollli. Tbt!ilIkpOOtlS otbadinss In 1his A&rceme.nlll'e rorQDllV!nience olllyand in no way lkflnc, limit or deSClT!be It all uxrpeor illltltl1 ofa"y provil;iol\l or seelm or this
AlfOClllel11.
St(!ion ]3.11. Applleablt L.If. This AlJI"ctmetlt sball begovemed b)' andcOll$IT\I~d In ;s.ec:on;blx:e with lhe laws ofllle SUlc.
ll.,v(l)J1OO&
~,~
EXHIBIT A TO EQUIPMENT LEASE PURCHASE AGREEMENT
.l\genda Item No. 16F3
fv1ay 13, 2008
Page 20 of 26
PAYMENT SCHEDULE
Rental Payment
Number
h,,03nooa:
Rental Payment
Amount
Interest
bl:llm
Principal
~
Purcbase
Prite
Agenda Item No. 16F3
May 13, 2008
Page 21 of 26
AMENDMENT TO EQUIPMENT LEASE/PURCHASE AGREEMENT
This Am""dment to that certain Equipment Lease/Purchase Agreement (tagathar with all Exhlbns and lhis Amendment, the "Agreement") dated
as ot April 15, 2008, between Philips Medical Capital, LLC (togather wllh Its successo.. and s..igns, "Lesso~'), and Collier County 60ard of
County Commissioners (together w11h Its succesSOfS and as.lgns. "Lessee"), is l"""'1'Oraled In and Is hereby made a part 01 th<l Agreement.
Lessor and lessee hereby agree that capitalized teffi15 used herein and not otherwi&8 defined hereIn shall have the terms assigned to such
terms in the Agreement and that the foJlowlng changes and additions' are hereby made to the Agreement.:
1. The lsl sentence of Section 2.01 (a> ot the Agreernent is de"ted and the following s""tence is Inserted in lieu thereof:
Lessee Is a munidpal corporation and political Subdivision duly organized and exlsttng oocktr the constitute and the laws of Ihe State of
Florida.
2. Section 2.01 (h) of tha Agreement Is deleted and the follOwing Section 2.01 (h) is Insarted In lieu l~ereof:
lessee has compfled wIth CoUter County Putthasing Policy.
3. The 2nd sente""e of Section 4.01 Is hereby daleted, and the following sentence Is Inserted In Ueu thereof:
Any Rental Payment not received on or before lis due dale shall beer Int....slln acoordenca wilh section 218.75, FlotIda Statutes, also
known as th<l"FIorlcla Prompt Payment Act".
4. The following sentenca Is addad to s9CIion 4.03:
Equlpmen[ to be properly delivered and accepted by Lessee prior 10 Agreement funding evidenced by a properly exacuted Acceptance
Certificate by Lessee.
5. The 3rd sentence of Saction 6.01 is he<eby deleted, betllnnlng with "Lessee irrevocably" and ending wllh "possession to Lessor'
8. The 3rd sentence ot Section 7.0318 hereby deleted, and the following sentence is inserted In lieu thereof:
Lessee agrees to pay sut:h amounts with interss.t (hereon in accordance with section 216.75, Florida Statutes, also known as the "Florida
Prompt Payment Acr,
7. The 1s1 sentence o( SectJon , 1.01 is hereby deleled. and the tollowlng santencals inserted In lieu th<lreot
Lessor's jntereGt In. to and under this Agreement and Ihe Equipment may, wfth written consent of Lessee, which will not be unreasonably
withheld. be assigned and reassIgned in who/e or In part to one or more assignees by lessOf'.
8. The 1s[ sentence ot Section 13.01 Is hereby delaled. and tha following 'antencels Inse~ed In lieu thereof:
All notices, cerliflcates or other communicallons hereunder shaH be sufficiently given and &hell be deemed given when d~lvered or maned
by certified mall, postage prepaid, to the parties at the addresses on the troot of this agreement (or a[ such oIher address as elthar parly
hereto shall desIgnate 1n writing to the other for notices to such party}, to any assignee at its address as It appears on the registration
boOk-51 l'Tl8intalned by Lessee.
9. The following section 13.02 Is added to lI1e lease:
Prior to tha Initiation 01 any action or proceeding permitted by this Agreemant to resolve disputes between the parties. Ihe parties shall
make a good faith effort to resolve any such dispUlas by negotiation. Th<l negollation shell be attended by representaUves oIl.essor wllh
full decision-making authority and by Lessee's staff person wIlo would make the presentation of any settlement ",ached during
negotiations to Lessee for approval. Failing resolution, and prior to the commencement of depositions in any litigation between the parties
arising oul or before an agreeckJpon Circuit Court Mediator certified by tile State of Florida. The medlallon shall be attended by
representatives of Lessor with full decision~maklng authority and by Lessee's staff person who would make the presenlatron of any
settlement reached at mediation to OWNER'S board for approval. Should either party fall to submit to mediation as required hereunder,
the other party may obtain a court order requiring medlaUon under section 44.102, FJa.Stat.
MY sull or action brought by either part to this Agreamant agalnst tha other party reletlng to or arising out of this Agreement must be
brought In the appropriate federal or state courts in CoKler County, Florida, which courts have sole and exclusive Jurisdlcflon on all such
matters.
Except as speclfica.Jfy set forth in this Amendment. all terms and condltbns contained In the Agreement remain In full force and effect and are
hereby ratified and confirmed.
LESSOR Phllios Medical Caollal, LLC
LESSEE: Collier Countv Board of Coun1v Commissioners
BY:
BY: X
AUTHORlzeo SIGNATURE
AUTHORIZED SIGNATURE
BY:
BY:
PRINTED NAME AND TITLE
PRIN"!1:O NAMe AND Tnl.E
ADDRESS: 2600 Grand Blvd. Suite 360
Kansas City MO 64108
ADDRESS: 2705 S. Horseshoe Drive
NaDlos. FL 34104
DATE:
DATE:
l\genda item No. 16F3
May 13, 2008
Page 22 of 26
ACCEPTANCECERTnnCATE
Philip, Medical Capital, LLC
2600 Grand Avenue, Suite 380
Kansas City, MO 64108
Ladi.. and Gentlemen:
Re: Equipment Lease Purchase Agreement dated as of April 15, 2008. between Philips Medical
Capital, LLC, 85 Lessor, and Collier County Board of County Conunissioners. as Lessee.
In accordance with the Equipment Lease Purchase Agreemem (the "Agreement't), the undersigned Lessee
hereby certifies and represents to, and agrees with Lessor as follows:
(I) All of the Equipment (as such term is defined in the Agreement) has been delivered. installed and
.ccepted on the date hereof.
(2) Lessee has conducted such inspection and/or testing of the Equipment as it deems necessary and
appropriate and hereby acknowledges that it accepts the Equipment for all purposes.
(3)
Agreement.
Lessee is currently maintaining the insurance coverage required by Section 7.02 of the
(4) No event or condition that (:onstitutes, or with noti.ce or lapse of time, or both, would constitute, an
Event of Default (as defined in the Agreement) exists at the date hereof.
Date:
COLLIER COUNTY BOARD OF COUNTY
COMMISSIONERS
LESSEE
By
Title:
(SEAL]
Re~03J~oot
Agenda Item No. 16F3
May 13, 2008
Page 23 of 26
TAX DESIGNATIONS AND COVENANTS
1. The covenants and designations hereinafter set forth are intended to be) and hereby are, incorporated into
the Equipment Lease Purchase Agreement, dated April 15, 2008 (the "Agreement"), between Philips Medical
Capita~ LLC ("Lessor") and CoUier County ("Lessee"), and except as otherwise defined herein, aU terms defined in
the Agreement shall have the same meaning herein as in the Agreement. The Commencoment Date of the
Agreement i. or will be in the calendar year 2008 (tho "IsaullJ1Ce Year").
Z. Bank Qualification.
[Lessee /nil",/ here if/his provls/on Is applic.ble: -1
(L.....lnill.l here if/his provision i. NOT applicable: -1
(0) Lessee hereby designates the Agreement as a "qualified tax-exempt obligation" as defined in Section
265(b)(3)(B) of the Code. The aggregate face amount of all tax-exempt obligations (Cl<cluding private activity
bonds other than qualified 501(c)(3) bonds) issued or to be issued by Lessee and all subordinate entities thereof
during the IssUllnce Year is not reasonably expected to exceed $10,000,000.
(b) Leosee hereby covenant. that Lessee and all subordinate entities thereof will nol issue in excess of
$10,000,000 of tax-exempt obligations (including the Agreement but excluding private activity bonds other than
qualified 501(c}(3) bonds) during the Issuance Year without first obtaining an opinion of nationally recognized
counsel in the area of tax-exempt municipal obligations acceptable to Leosor that the designation of the Agreement
as a "qualified tax-exempt obligation" will not be adversely affected.
3. Small IIsue Arbitrage Rebate exception.
{Lesse.lnltlaJ here if this provision Is nppllcab/e: -1
{Lessee Initial here If this provision Is NOT npp/icable: -1
(a) Lessee represents and warrants that it is a governmental unit under the laws of the State with general taxing
powers; the Agreement is not a private activity bond as defined in Section 141 of the Code; 9.5% or more of the net
proceed. of the Agreement will be used for local governmental activities of Lessee; and the aggregate face amount
of all tax-exempt obligations (other than private activity bonds) issued by the Lessee and all subordinate entities
thereof during the Issuance Year is not ~asonably expected to exceed S5,000,000.
(b) Lessee hereby covenants that Lessee and all subordinate entities thereof will not issue io excess of
S5,OOO,000 of tax-exempt bonds (including the Agreement but excluding private activity bonds) during the Issuance
Year without first obtaining an opinion of nationally recognized counsel in the area of tax-exempt municipal
obligations acceptable to Lessor that the excludability of the inter.st on the Agreemenl from gross income for
federal tax purposes will not be adversely affected.
Dated:
LESSEE
[SEAL]
ATTEST:
By:
Title:
Titl.:
CERTIFICATE OF CLERK OR SECRETARY OF LESSEE
I, the undersigned, do hereby certify that (i) the foregoing Tax Designations and Covenants we~ adopted
and approved by action ofth. governing body of Leosee at a meeting duly called, regularly convened and attended
throughout by the requisite majority of the members thereof, (ii) the officer of Lessee who executed the foregoing
Tax Designation and Covenants on behalf of Lessee and whose genuine signature appears thereon is the duly
qualified and acting officer of Lessee as stated beneath his or her signature, and (iii) said offi~r bas been authorized
to execute the foregoing Tax Designations and Covenants on behalf of Lessee.
Dated:
DWIGHT E. BROCK, CLERK OF COURTS
Title:
Ro~Oll2008
.l\genda Item No. 16F3
May 13, 2008
Page 24 of 26
MUNICIPAL CERTIFICATE
Re: Equipment Lease Purchase Agreement (the "Agreement"), dated, April 15,200&, between Phllips Medical Capital, LLC as
Lessor, and, Collier County Board of CO\Inty Commissioners, as Lessee.
I, the undersignedj the duly appointtd, qualified and acting
hereby certify this _ day of . 2008, as follows:
(Clerk or Setretary) of the above-captioned Lessee do
(l) Lessee did, at a (regular or special) meeting of the governing body of the L~ee held on .2007,
by motion duly miKle. seconded and carried, in accordance with all requirementS nf law, approve and authorize the execulion and delivery of lhe
above-referenced (lhe "Agreement") on its behalfby the following named representative of the Lessee, to wit:
..
Printed Name of
(Person E"etutlng the Lease)
Till.
Signature or
(Person Executing the Leue)
....This signa.ture line is to be siened by })tl'$Ob authorized by the goveroln'2: body to exeCtlte the documents 011 behalr of the Munldpallty.
(2)
forth above.
"rtle above-named representative l)f the Lessee held at the time of ilJch authorization and holds at the present time the' office set
(3) The meeting of the governing body of the Lessee at which me (the "Agreement") was approved and authorized to De executed
was duly called, regularly convened and Ilnended throughout by the requisite majority of the members thereof or by other appropriate official
approval and thai the action approving the (tbe "Agreement") aod authorizing the execution thereof has n.ot been altered or rescinded.
(4) No event or condition that constituteti, or with the giving of notice or the lapse of time or botn would constitute, an Event of
Default (ns such term is defined in the abo~-referel'K:ed Equipment Lease Purcnase Agreement) exists at the date hereof.
(5)
tne Lessee.
All insurance required in accordance v.-ith the above-referenced Equipment Lease Purchaso:= Agreement is currently maintained by
(6) Lessee has, in accordance with the requirements of law, fully budgeted and appropriated S\lfficiem funds for {he current budget
year to- make Ihe Rental Payments scheduled to oome- due during the OriginBI Term and to mee1 its other obligations for the Original Term (as such
terms are defined in the above-referenced Equipment Lease Purchase Agreement) and such funds have not been expended for other purposes.
(J)
The fiscal year of Lessee is from
'0
IN WlTNESS WHEREOF,I hereunto s.et illY hand and the seal of the governing body of the Lessee the day and year firsl above written.
Clerk o.r Secretary
Name:
Title:
(SEAL)
Subscribed 10 and sworn before me this _ day of
,200 .
Notary Public
My commission expires
Rev OS/2005
Agenda Item No. 16F3
May 13, 2008
SAMPLE PAYMENT SCHEDULE BASED ON'~of 26
ATTACHMENT 1 TO STATE AND LOCAL GOVERNMENT LEASE PURCHASE AGREEMENT
LEASE PAYMENT SCHEDULE
Lessor: Philips Medlc:al Capital, LLC
Lease.: Collier County
Lea.. Numb.r: PUB 6955
Le.... Comm.ncem.nt D.ta: April 15, 2008
Purchase
#I Dale Payment Inter.st Principal Balanc. Prlc.
04115/2008 $592,461.40
1 05/15/2006 $10,606.36 $1,764.05 $9,024.33 $583,457,07 $595,126.21
2 06115/2006 $10,606.38 $1,756.68 $9,051.50 $574,405.57 $585,693,66
3 07/15/2006 $10,808.38 $1,729.62 $9,078.76 $565,326.81 $576,633.35
4 08/15/2006 $10,806,36 $1,702.26 $9,106.10 $556,220.71 $567,346.12
5 09/15/2006 $10,606.36 $1,674.66 $9,133.52 $547,067.19 $556,026.93
6 1 0/15/2008 $10,608.36 $1,647.36 $9,161.02 $537,926.17 $548,684.69
7 11/1512008 $10,608.38 $1,619,78 $9,188.60 $528,737.57 $539,312,32
8 12/1512008 $10,808.36 $1,592.11 $9,216.27 $519,521.30 $529,911,73
9 01/1512009 $10,808.36 $1,564,36 $9,244.02 $510,277.28 $520,482.83
10 02/15/2009 $10,806,38 $1,536,52 $9,271.66 $501,005.42 $511,025.53
11 03/15/2009 $10,808.38 $1,508.60 $9,299.76 $491,705,64 $501,539.75
12 04/15/2009 $10,608.38 $1,460.60 $9,327.78 $462,377.86 $492,025.42
13 05/15/2009 $10,608.38 $1,452.51 $9,355.87 $473,021.99 $482,482.43
14 06/15/2009 $10,806.38 $1,424.34 $9,364.04 $463,637.95 $472,910.71
15 07/15/2009 $10,608.38 $1 ,396.08 $9,412.30 $454,225.65 $463,310,16
16 08/15/2009 $10,606.36 $1,367.74 $9,440.64 $444,785.01 $453,680.71
17 09/15/2009 $10,606.38 $1,339.31 $9,489.07 $435,315.94 $444,022.26
16 10/15/2009 $10,806.38 $1,310.80 $9,497.58 $425,818.36 $434,334.73
19 11/15/2009 $10,608.38 $1,262.20 $9,526.18 $416,292.18 $424,618.02
20 12/1512009 $10,808.36 $1,253.52 $9,554.66 $406,737.32 $414,872,07
21 01/15/2010 $10,808.38 $1,224,75 $9,583.63 $397,153.69 $405,096.76
22 02/15/2010 $10,606.36 $1,195.69 $9,612.49 $367,541.20 $395,292.02
23 03/15/2010 $10,808.38 $1,166.94 $9,641.44 $377,899.76 $365,457.76
24 04/15/2010 $10,806,36 $1,137.91 $9,670.47 $368,229.29 $375,593.66
25 05/15/2010 $10,806.38 $1,106.79 $9,699.59 $356,529.70 $365,700.29
26 0611512010 $10,808.38 $1,079.59 $9,726.79 $346,800.91 $355,776.93
27 07/15/2010 $10,808,38 $1,050.29 $9,758.09 $339,042.82 $345,823.66
28 08/15/2010 $10,808.38 $1,020.91 $9,787.47 $329,255.35 $335,840.46
29 09/1512010 $10,808.36 $991.44 $9,616,94 $319,438.41 $325,827.16
30 10/1512010 $10,808.38 $961,68 $9,846.50 $309,591.91 $315,783.75
31 11/1512010 $10,808.38 $932.23 $9,876.15 $299.715.76 $305,710.08
32 12/15/2010 $10,808.38 $902.49 $9,905.89 $289,809.87 $295,606.07
33 01/1512011 $10,808,38 $872.66 $9,935,72 $279,874,15 $285,471.63
34 02/15/2011 $10,808,38 $842,74 $9,965.64 $269,908.51 $275,306.68
35 03115/2011 $10,808.38 $812.73 $9,995.65 $259,912.86 $285,111.12
36 04/15/2011 $10,808.38 $782.64 $10,025.74 $249,687.12 $254,884.66
37 05115/2011 $10.808.38 $752.45 $10,055.93 $239,831.19 $244,627,81
38 06/15/2011 $10,808.38 $722.17 $10,086.21 $229,744.98 $234,339.88
39 07/1512011 $10,608.38 $691.80 $10,116.58 $219,628.40 $224,020.97
40 08/15/2011 $10,808,38 $661.33 $10,147.05 $209,461.35 $213,670.98
41 09/15/2011 $10,808,38 $630,78 $10,177.60 $199,303.75 $203,289.83
42 10/1512011 $10,808.38 $800,13 $10,208.25 $189,095.50 $192,877.41
43 11/15/2011 $10,808.38 $569.39 $10,238.99 $178,856,51 $182,433.64
44 1211512011 $10,806.38 $536.56 $10,269.82 $168,586.69 $171,958.42
45 01/15/2012 $10,808.38 $507.64 $10,300.74 $158,285.95 $161,451.67
46 02/1512012
47 03/15/2012
48 04/1512012
49 0511512012
50 06/1512012
51 07/1512012
52 08/1512012
53 09/1512012
54 10115/2012
55 1111512012
56 12/1512012
57 01115/2013
58 02/1512013
59 03/1512013
60 04/1512013
Grand Totals
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808.38
$10,808,38
$10,808.38
$10.808.38
$648,502.80
Agenda Item No. 16F3
May 13, 2008
SAMPLE PAYMENT SCHEDULE BASED ONa.l.~~!V6'f 26
$476.62
$445.51
$414.31
$383,01
$351.62
$320.13
$288.55
$256.87
$225.10
$193.23
$161.27
$129,21
$97.05
$64.80
~
$56,021,40
$10,331.76
$10,362.87
$10,394.07
$10,425.37
$10,456,76
$10,488.25
$10,519.83
$10,551,51
$10,583.26
$10,615.15
$10,647.11
$10,679.17
$10,711.33
$10,743.58
$10,775.91
$592,481,40
$147,954.19
$137,591.32
$127,197.25
$116,771.88
$106,315.12
$95,826,87
$85,307.04
$74,755,53
$64,172,25
$53,557,10
$42,909.99
. $32,230,82
$21,519.49
$10,775.91
$0.00
$150,913.27
$140,343.15
$129,741.20
$119,107.32
$108,441.42
$97,743.41
$67,013.18
$76,250.64
$65,455.70
$54,628.24
$43,768.19
$32,675.44
$21,949.88
$10,991.43
$0.00