HomeMy WebLinkAboutAGMT - De Lage Landen Publiuc Finance LLC (State and Local Government Lease-Purchase Agmt)loo --too *:�90;to,
De Lage Landen Public Finance LLC State and Local Government Lease -Purchase Agreement
1111 Old Eagle School Road PHONE (800) 736-0220
Wayne, PA 19087 FACSIMILE (800) 700-4643
1. LOW Nage
CITY OF SEAL BEACH
Phone Number
,_(562) 431-2527
oBA NsnE fa any)
60aip Address
211 8th Street
C1 with are IAdUM by IdMXe) and dedeee pat of LerS Lem YOU a luimlied je b lave reed and agreed to all the
I Purtnise Order Requestion Nulnhd
Cey State Zip I Sed Yiroka b Attention of
Seal Beach CA 90740
Eploindid Fake Mold No
—
Sorer Number
You tAalOnts a a dalabl se The Equipment Is NEW a USED
I Description Schedule e Necessary)
I See Attachment 2 - Equipment Description
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CITY OF BEACH
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(LEASE MUST BE SIGNED BY A ITHORIZEO OFFICIAL OF LESSEE)
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ottip Is team; private anmy hoods other Win pooled SDI (cK31 bonds) Issued a to be issued by YOU
and YOUR subordinate allks dung foe ak16y year In which WE ha+a MIs Lease a nil roasanbiy expec ed
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ase read YOUR TERMS AND CONDITIONS
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copy of this State and Local Govettynerd Lease -Purchase Agreement (lease') carefully and fed free to ask US any questions YOU may have about d Words "YOU" and 'YOUR' refer to
the'LtIS59e' and dile words'WE,' US' and 'OUR' refer to De Lage Landen Public Finance LLC, fes successors quid assigns, as the lessor" of me Equipment
1. LEASE WE agree to kale to YOU and YOU agree to lease from US, the equipment listed above (and on any attached schedule) includarg as replacement parts, reralrs, additions and accessories
("Equipment-) on the terms and conditions of this Lease and on any attached schedule
2 TERN This Lease us effective on the date when Be term of this Lease and YOUR Obligation to pay rem commerce, wtuch date shafl be the date that hinds are advanced ay US to YOU, this vendor of the
Equpmem or an escrow agent for the purpose of paying or rembursing all or a porton of the cost of the Equupmam (the 'Commencement Oates and tontines thereafter for an original term ("Ongeral Term')
ending at the and of YOUR budget year In effect on the Commencement Date and may be continued by YOU for adBLimmi one-year reruewal terms ('Renewal Terms') canadrrg vnth YOUR budget year up to the
total number of months Indicated above as the Fvft Lease Temt, provided, however, that at the and of the Odolnal Term and at Be and of each Renewal Term until the Full Lease Term has been completed, YOU shaft
be deemed to have continued this Lease for tire next Renewal Term wins YOU slat have terminated flus Lam pursuant to Section S or Section 17 Lease Payments will be due a. set forth an Attachment 1 until
die balm of the lease Payments aXf arty adduDorral Lease Payments or menses chargeable to YOU under thus lease are pard n full Asset forth in the Lease Payment Schedule, a portion of each Lease Payment
is pad as, and represents payment of. interest YOUR obligation to pay the Luse Payments and YOUR other Lease obligations are absolute and unconditbral and are not subject to anceltaUOn, reduction, setoff
or counterclam except as provided in Section 5 THIS LEASE IS NON -CANCELABLE EXCEPT AS PROVIDED IN SECTION 5
3 LATE CHARGES. If a Lease Paymeel Is not made on the date when due. YOU will pay US a late charge at the rate all 18% per tantrum or the maximum amount permitted bylaw. whichever Its less,
tmm such data
e CONTDFWTION OF LEASE TERM YOU Ct ttemly artend, subject to Section 5, to continue this Lease through the Full Lease Term anld to pay the lease Payments hemunier YOU reasonably believe that
legally available funds in an amount sufficient to make all Lease Payments during the Full Lease Tenn can be obfahted YOUR responsible financial officer shall do all things lawfully uhh n his or her power to obtain
and manteirt funds from which the Lease Payments may be made, induBntg makrtg provision for the Lease Payments to the extem necessary in each proposed annual budget submllled for approval in aeser-
dance with YOUR applicable procedures and to exhaust all available reviews and appeals If that portion of the budget Is not approved Notwithstanding the foregoing the decision � vhether to budget or appropriate
hinds and to Olerd tins Lease for any Renewal Term a solely within the discretion of YOUR governing body
5. NONAPPROPRIATION. YOU are Obligated only to pay such Lease Payments under this Lamas may fawUy be made from funds budgeted and appropriated for that purpose during YOUR then current
budget year If YOU fag to appropriate or oBwrwuse make evadable funds to pay the Lease Payments required to be paid in the next occurring Renewal Term, this Lease shall be deemed terminated at the end of the
then current Orglra Term or Renewal Term YOU agree to deliver written notice to US of such lermm dirt at least 90 days pnor to the end of the then current Original Term or Renewal Term, but facture to give
such notice shall not a id! the term of BBS Lease beyond the than current Original Term or Renewal Term It this lease is terminated in accordance with On Section, YOU agree, at YOUR cost and mom, to
peaceably deliver the Equprnem to US at the location or locations specified by US
6 WARRANTIES WE are leasing the Equipment to YOU 'ASAS' and WE MAKE NO WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTARIUTY, OR FITNESS FOR A PAR-
TICULAR PURPOSE WE In nasfer to YOU, without recourse, for the term of this lease all warranties d any, made by the manufacturer YOU ALSO ACKNOWLEDGE THAT NO ONE IS AUTHORIZE) TO WAIVE OR
CHANGE ANY TERM, PROVISION OR COMMON OF THIS LEASE AND, EXCEPT FOR THE MANUFACTURER WARRANTIES, MAKE ANY REPRESENTATION OR WARRANTY ABCUT THIS LEASE OR THE EOUIP-
MENT WE SHALL NOT BE UABLE FOR SPECUIL RESULTING OR CONSEQUENTIAL DAMAGES OR LOSS OF PROFIT OCCASIONED BY ANY BREACH OF WARRANTY OR REPRESI.NTATION OR RESULTING FROM
THE USE OR PERFORMANCE OF THE EQUIPMENT YOUR OBLIGATION TO PAY IN FULL ANY AMOUNT DUE UNDER THE LEASE WILL NOT BE AFFECTED BY ANY DISPUTE, CLUM, COUNTERCLAIM, DEFENSE
OR OTHER RIGHT WHICH YOU MAY HAVE OR ASSERT AGAENST THE SUPPLIER OR THE EOUIPMEdT MANUFACTURER
T DELIVERY AND ACCEPTANCE YOU ARE RESPONSIBLE. AT YOUR OWN COST, TO ARRANGE FOR THE DELIVERY AND INSTALLATION OF THE EQUIPMENT (UNLESS THO`;E COSTS ARE INCLUDED IN THE
COSTS OF THE EOUPMENTTOUS) IF REOUESTED, YOU WILL SIGN A SEPARATE EOUIPMENT DELIVERY AND ACCEPTANCE CERTIFICATE WE MAY AT OUR DISCRETION CONFIRM BY TELEPHONE THAT YOU HAVE
ACCEPTED THE EQUIPMENT AND THAT TELEPHONE VERIFICATION OF YOUR ACCEPTANCE OF THE EOUIPM9YT SHALL HAVE THE SMAS EFFECI ASA SIGNED OEUVERY AND AMEPTANCE CERTIFICATE
(Terms and Conditions continued on the reverse side of this Lease)
Tine TaMny Kam
Gontract SPOCiatist _
DE LACE LANDEN PUBLIC FINANCE LLC
Lease Number
PUB 13266
Lemma Dale
May 7 2014
vendor I D NunOn
K8081
Pane I or Z
_1q
YOU apCrO atl d isle tents and Cmdibra cdefdwxb In Odh Spey d Nor Lease, cap b aM andarnes b Sara tall
C1 with are IAdUM by IdMXe) and dedeee pat of LerS Lem YOU a luimlied je b lave reed and agreed to all the
Tears and Conditions
You tAalOnts a a dalabl se The Equipment Is NEW a USED
--=
Print 114M
tali Namc a
CITY OF BEACH
(LEASE MUST BE SIGNED BY A ITHORIZEO OFFICIAL OF LESSEE)
Tine TaMny Kam
Gontract SPOCiatist _
DE LACE LANDEN PUBLIC FINANCE LLC
Lease Number
PUB 13266
Lemma Dale
May 7 2014
vendor I D NunOn
K8081
Pane I or Z
_1q
8 TITLE, PERSONAL PROPERTY, LOCATION, INSPECTION, NO MODIFICATIONS OR ALTER-
ATIONS, YOU have title to the Equipment, prowled that Idle to the Equipment will immediately and
without any action by YOU vW in US, and YOU shag immediately suaeden possession of the
Equipment to US, (a) upon any termination of this lease other than termination pursuant to Section
17 or (b) if YOU are In default of this Lease It is the intent of the parees hereto that any transfer of
title to US pursuant to this Section Mall occur automatically without the necessity of any bill of sale,
certificate of title or other instrument of conveyance YCU shall, nevertheless, execute and deliver
any such Instruments as WE may request to evrdence such transfer As security for YOUR obbga-
dons hereunder. WE retain a security interest in the Equipment and all proceeds thereof YOU have
the right to use the Equipment during the term of this lease, except as otherwise expressy, set forth
in Ids Lease Although the Equipment may become attached to read estate, It remains personal
pproperty YOU agree not to alter or modify the Equipment or permit a Ilen to be placed upon the
Egtdpment or to remove the Equipment without OUR pdw written consent If WE feel it Is neces-
sary, YOU agree to provide US with waivers of interest or liens from anyone claiming any interest
In the real estate on who any Mems of Equipment Is located WE also have the night. at reason-
able times, to inspect the Equipment
9 MAINTENANCE YOU are required, at YOUR own cost and expense, to keep the Equipment
in good repair, condition and working order, except for ordinary wear and tear, and YOU will supply
all parts and serAcng required All replacement parts used or installed and reports made to the
Equipment will become OUR property
YOU ACKNOWLEDGE THAT WE ARE NOT RESPONSIBLE FOR PROVIDING ANY REQUIRED
MAINTENANCE ANO/OR SERVICE FOR THE EQUIPMENT YOU WILL MAKE ALL CLAIMS FOR SERV-
ICE ANOIOR MAINTENANCE SOLELY TO THE SUPPLIER AANDIOR MANUFACTURER AND SUCH
CLAIMS WILL NOT AFFECT YOUR OBLIGATION TO MAKE ALL REOUIREED LEASE PAYMENTS
10 ASSIGNMENT YOU AGREE NOT TO TRANSFER, SELL. SUBLEASE, ASSIGN, PLEDGE OR
ENCUMBER MER THE EQUIPMENT OR ANY RIGHTS UNDER THIS LEASE WITHOUT OUR PRIOR
WRITTEN CONSENT YOU agree that WE may seg, assign or transfer this lease and, if WE dc, the
now owner will have the same rights and benefits that WE now have and will not have to perform any
of OUR obligations and the rights of the new owner will not be su bittt to any claims. counterclaims,
defenses or set -offs that YOU may have against US YOU hereby appoint Municipal Registrar Services
(the -Registrar-) as YOUR agent for the purpose of maintaining a written record of each assignment
in form necessary to campy with Saigon 149(a) of the Internal Revenue Code of 1980, as amended
No such assignment shall be budahg on YOU until the Registrar has received written notice from the
assignor of the name and address of the assignee
11 LOSS OR OANIAGE YOU are responsible for the risk of loss or destruaran of, or damage to
Me Equpment No Such less or damage relives YOU from any ablgation under to Lease If any of
the Equipment Is damaged by fire or other casualty or We to, or the temporary use of, any of the
Equipment Is taken under the exercise of the power of eminent domain, the net proceeds ('Net
Fmcceds') at" Insurance claim or condemnation award will be applied to fine prompt replacement,
repair, remorawn, modification or improvement of that Equipment, unless YOU have exen5sed YOUR
option to purchase the Equipment pursuant to Section 17 Any balance of the Net Proceeds remain-
ing after Such work has been completed shag be paid to YOU
12 INOEMNnY WE are not responsible for any losses or Injuries caused by the manufacture,
acquisition, delivery installation, ownership. use, lease, possession, maintenance, operation or rejec-
ton of the Equipment or defects as the Equipment To the extant permitted by law. YOU agree to refm-
burse US for and to defend US agaahst any claim for losses or lMunes relattrg to the Equipment. This
indemnity twit continue even after the termination of this Lease
13 TAXES YOU agree to pay all applicable license and registration fees, sale and use taxes, per-
sonal property pies and all oder taxes and charges, retanng to the ownership, leasing, rental, Safe
purchase, possession or use of the Equipment (except those based on OUR net income). YOU agree
that 11 WE pay any laxer or charges, YOU will reimburse US for all such payments and will pay US
imerest and a In charge (as calculated in Section 3) on such paynn" with the next Lease Payment,
plus a fee for OUR collecting and administering any, taxes, assessments or fees and remitting thein
to the appropriate autwdtles
14. INSURANCE During the tern of this Lease. YOU will keep the Equipment insured against all
risks of joss or damage in an amount not lass than the replacement cost at the Equipment, without
deduxiDle and without co-insurance YOU will also obtain and maintain for the term of the Lease,
comprehensive public liability insurance covering both personal iqury and property damage of at
least 5100.000 per person and 5300,000 per occurrence or bodny injury and $50,000 for property
damage WE will be the sole named loss payee on the property linswar a and named as an addition-
al insured an the public liability insurance YOU will pay all premiums for such hnsura chi and must
ddner proof of Insurance coverage satisfactory to US 11 YOU do not provide such insurance. YOU
agree that WE have the right, but not the obligation, to obtain such insurance and add an assurance
fee to the amount due from you, on which we make a ptolh
15 DEFAULT Subject to Sefton 5. YOU are in default of tMs Lease it any of the following
occurs (a) YOU fall to pay any lease Payment or other sten when due, (b) YOU breach any warran-
ty or other obligation under this lease, or any other agreement with US, (c) YOU become insolvent
or unable to pay YOUR debts when due, YOU make an assignment for to benedg of creditors or YOU
undergo a substantial detenoradon in YOUR financial condition, or (d) YOU file or have Bled against
YOU a petition for liquidation, reong cation, adjustment of debt or similar relief tinder the Federal
Baewpi Code or any other present or future federal or state bankruptcy or insolvency law, or a
trustee, recener or Iiqut ator is appointed for YOU or a subspnbal part of YOUR assets
16 REMEDIES WE have the following remedies it YOU are m defauit of this Lease WE may
declare the enilre balanced the ui Lease Payments for the then currentOriginal Term or Renewal
Tenn immediately due and payable, sue ter and receive all Lease Payments and any other payments
then accrued or accelerated under Mus Lease, charge YOU interest on all monles due US at the rate
of eighteen percent (115%) per year from the date of default until paid, but in no event more than the
maxgntnn rate permitted by law, charge YOU a mtum-Check onion-suf iaem funds charge ('NSF
Chari of $2500 for a check that is retuned for any reason, and require that YOU return to
Equipment to US and, it YOU fag to return tie Equipment, enter upon the premises peaceably with or
without legal process where the Equipment is located and repossess the Equipment Such return or
repossession of the Equipment wig not constitute a termination of this Lease unless WE expressly
nobly YOU In wntsg It the Equipment is returned or repossessed by US and unless WE have term,
noted this lease, WE will seg or re -rent the Equipment to any persons with any terms WE determine,
at one or more public or private sales, with or without notice to YOU. and appy the riot proceeds after
deducting the costs and expenses of such sale or re -rent, to YOUR obilolons with YOU remaining
Mable for any deficiency and with airy excess over the amounts described in this Seebon plus the then
applicable Purdhase Price to be pad to YOU
YOU are also required to pay (n) all expenses incurred by US in connection with the enforcement
d arty mmerbes, including all expenses of repossessing, storing, shtppirhp, repairing and selling the
Equipment. and (u) reasonable anomeys' lees
17. PURCHASE OPTION, Provided YOU are not an default. YOU shah have the option to purchase
all but not less than all WIN Equipment (a) on the date the last Lease Payment is due (assuming its
Lease IS renewed at the end of the Original Term and each Renewal Term), if this Lease Is still In effect
on that day, upon payment len full of Lease Payments and all other amounts then due and the payment
of One Dollar to US. (b) on the fast day of the Original Term or any Renewal Term then in effect. upon
at least 60 days' prior written notice to US and payment In full to US of the Lease Payments and all
other amounts then due plus the Men applicable Purchase Price set forth on the Lease Payment
Schedule, or (c) it substantial damage to or destruction or condemnation of substantially all of the
Equipment has occurred, on the day specified in YOUR written notice to US of YOUR exercise of Me
Disehase option bort of least 60 days' prior notice to US and payment n full to US of the Lease
Payments and all other amounls Then due plus the then apphcahle Purchase Price set forth on the
Lease Payment Schedule
18 REPRESENTATIONS AND WARRANTIES YOU warrant and relimsem as follows (a) YOU
are a pudic body corporate and Polito duty organtaed and costing under the cor ebtuuon and laws of
YOUR State with full power and authority to enter into this Lease and th, transactions contemplaletl
hereby and to perform all of YOUR obligations hereunder, (b) YOU thaw, drily authorized the emu -
ban and delivery of this Lease by proper action by YOUR governing body at a meeting dui Called,
regularly convened and attended throughout by the requisite majority of the members thereof or by
other appropriate officW approval, and an requuements have been met and procedures have occurred
In order to ensure the validity and enforceability of this Lease (c) YOU have complied with such puA.
leo bidding requirements as may be applicable to this Lease and the acquisition by YOU of Me
Equipment, (d) all authorization& consents and approvals of govemmenW bodies or agencies
required In connection with the exacutlon and delivery by YOU of this Lease or in connection with the
rarryiN out by YOU of YOUR oblhgatrorrs hereunder have been obtained, (e) this Lease constithnes
the legal, valid and binding obligation of YOU enforceable in accordance with its terms, except to the
extent limited by applicable bankruptcy, Insolvency. morganizaMon or other laws affecting credtors'
rights general, (f) YOU have, in accordance with the requirements of law, fully budgeted and amm-
priated sufficient funds for the current budget year to make the Lease Paymuhts scheduled to come
due during the current budget year and to meet YOUR other ob6gatons under utas Lease fa the Cur-
rent budget yenC and t ase funds have not been expended for oter pu iposes. (g) the Equfpnem is
essential to YOUR functions or to the services YOU provide to YOUR Gt mans, YOU have an ImmedV-
all need for the Equipment and ago to make immediate use of the Equipment, YOUR need for the
Equipment a not temporary and YOU do not expect the need for any den of the Equpmem to dimin-
ish in fie foreseeable future. Including the Fug Lease Tenn, and the Eq(npment will be used by YOU
any for the purpose d performing one or more of YOUR govemmen ar proprietary hehUgns con-
sistent with the permissible scope of YOUR authority and wig not be us(d as the trace or business of
any other entity or person, and (h) YOU have never failed to appropriate or otherwise make available
funds sufficient to pay rental or other payments coming due taller ani lease purcliass, Instalment
sale or other skmlar agreement.
19 UCC FILINGS AND FINANCIAL STATEMENTS YOU authorlre US to rile a financing uate-
ment with respect to the Equipment If WE feel n is necessary, YOU agree to submit tnanhciat state-
ments (aud8ed d available) on a quanerly basis
20 UCC - ARTICLE 2A PROVISIONS YOU agree that this Law is a Finance Lease as that term
is defined in Anrcle 2A of the Uniform Commercial Code ('UCC') YOU acknowledge that WE have
given YOU Ue name of the Supplier of the Equipment WE hereby notify YOU that YOU may have
rights under the contract with the Supplier and YOU may contact the Suppler for a description of any
npllts or warranties that YOU may have under this supply contract YOU also wave any and all rights
and remedles granted YOU under Sections 2A-508 through 2A-522 of the UCC
21 TAX EXEMPTION YOU vvit comply *0 ad applicable prows ors of the Internal Rome
Code of 1986, as amanded, Including without limitation Sections 103 and 148 thereof, and the appk-
(able reputations thereunder to mantas the excision of the merest lir min of the Lease Payments
from gross income for purposes of federal incl me taxation
22 BANK QUALIFICATION. If YOU chocked the 'Bank QuakOcatirn Elected' box on the front
page of this Lease YOU and all YOUR subordinate entities will not Issue in excess of 510,000,000 of
qualified tax-exempt obligations (anctudng this Lease but excluding pni actwdy, bands other than
qualified 50i (cH3) bonds) during the calendar year In witch WE hand Mus Lease without first obtain-
ing an opinion of nationally recognized counsel len the area of tax-e(empt muaclpal obligations
acceptable to US that the designation of this Lease as a'qualiTed tax-exempt obbgabon' will not be
adversely a0ected
23 CHOICE OF LAW, JURY TRIAL WAIVER This Lease shall be governed and construed in
accordance with the laws of the state where YOU are located To the Ldem permitted by taw, YOU
agree to waive YOUR n i to a trial by jury
24 ENTIRE AGREEMENT, SEVERABILITY, WAIVERS This Lease, omens the entire agreement
and understanding No agreements Of unders 311409s are bidding On the parties unless set form in
writing and signed by the partes Any prowgon of this Lease which for my reason may be held unen-
forceable in ary jurhsdii shall, as to such jurisdiction, be ineffective without Xnraldirg the remi
Ing provisions of this Lease THIS LEASE IS NOT INTENDED FOR TRANSACTIONS WITH AN EQUIP-
MENT COST OF LESS THAN $1.000
25 FACSIMILE DOCUMENTATION. YOU agree that a facsimile copy of this Lease with facsimi-
le signatures may be treated as an original and wit be admts flale as ev dencce of this Lease
Page 20l 2
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02012 AN Aiello; RhSevM Pi nerd in en U SA I VF0 0207 9/12
ATTACHMENT 1 STATE AND LOCAL GOVERNMENT LEASE -PURCHASE AGREEMENT
Lease Payment Schedule
LESSOR DE LAGE LANDEN PU13LIC FINANCE LLC
LESSEE CITY OF SEAL BEACH
LEASENUMBER PUB 13266
LEASE DATE May 7 po 14
Lease Payments are due on each periodic anniversary of the Commencement Date that occurs during the Full Lease Term until all of the payments iet forth below have been
received by US The period for each periodic anniversary is !nonthy as specified in the Payment Frequency box of this Lease If the Commencement
Date occurs on the 29th, 30th or 31st day of any month, the periodic anniversary will be deemed to occur on the 1st day of the month, commencing on the 1st day of the
second succeeding month after the month of such Commencement Date
Payment Nurnber
Rental Payment
Interest Portion
Principal Portion
Balance
Purchase Price
Loan
0 00
000
000
125,961 34
000
1
2.33408
44621
1,88785
124,073 49
127,795 69
2
2,334 06
43952
1,89454
122,t78 95
125,844 32
3
2.33406
43281
1,901 25
120,277 70
123,886 03
4
2,334 06
42608
1,90798
118,369 72
121,920 81
5
2.31406
41932
1.91474
116,454 98
119,94863
6
2,334 06
41253
1,921 53
114, 533 45
117, 969 45
7
2.33406
40573
1,92833
112.80:5112
115,983 27
8
2.33406
39890
1,93510
110,669 96
113.990 06
9
2.33406
39204
1,94202
108,727 94
111,989 78
10
2, 334 06
385 16
1,94890
106, 779 04
109, 982 41
11
2,334 06
37626
1,95580
104,823 24
107,967 94
12
2,33406
371 33
1 96273
102,860 51
105,946 33
13
2,33406
36438
1,96968
100,890 83
103,917 55
14
2,33406
35740
1,97666
98,914 17
101,881 60
15
2,334 06
35040
1,98366
96,930 51
99,636 43
16
2,334 C6
34337
1,99069
94,939 82
97,788 01
17
2.33406
33632
1,99774
92,942 Da
95,730 34
18
\ 2.33406
32924
2.00482
90,937 26
93,665 38
19
2.33406
32214
2.01192
88,925 34
91,593 10
20
2.33406
31501
2.01905
86,906 29
89,513 48
21
2,334 06
30786
2,02620
84,880 09
87,426 49
22
2,334o6
30068
2.03338
82,846 71
85,332 11
23
2,334 C6
29348
2,04058
80,806 13
83,230 31
24
2.3-3406
28625
2,047 81
78,758 32
81,121 07
25
2.33406
27900
2,05506
76,703 26
79,004 38
26
2.33406
27172
2,06234
74,640 92
76,860 15
27
2.33406
26441
2.06965
72,571 27
74,748 41
28
2,33406
25708
2.07698
70,494 29
72,609 12
29
2.33406
24972
2,08434
66,409 95
70,462 25
30
2.33406
24234
2.09172
66,318 23
68,307 78
31
2.33406
23493
2,09913
64,219 10
66,145 67
32
2.33406
22749
2,106 57
62,112 53
83,975 91
33
2.33406
22003
2.11403
59,998 50
61,798 46
34
2.33406
21254
2,121 52
57,876 98
59,613 29
35
2 334 06
20503
2,12903
55,747 95
57,420 39
36
2.33406
19748
2, t 36 58
53,611 37
55,219 71
Sales tax of $9,330 47 is included in the Irnanced amount shown above
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ATTACHMENT 1 STATE AND LOCAL GOVERNMENT LEASE -PURCHASE AGREEMENT
Lease Payment Schedule
LESSOR DE LAGE LANDEN PUBLIC FINANCE LLC
LESSEE CITY OF SEAL BEACH
LEASE NUMBER PUB 13266
LEASE DATE May 7 20 14
Lease Payments are due on each periodic anniversary of the Commencement Date that occurs during the Full Lease Term until all of the payments !et forth below have been
received by US The period for each periodic anniversary Is month ry as specified In the Payment Frequency box of this Leaie It the Commencement
Date occurs on the 29th, 30th or 31st day of any month, the periodic anniversary will be deemed to occur on the 1st day of the month, commencing on the 1st day of the
-*econd succeeding month atter the month of such Commencement Date
Payment Number
Rental Payment
Interesl Portion
Principal Portion
Balance
Purchase Price
37
2.33406
18991
2,14415
51,467 22
53,011 24
38
2,33406
18232
2,151 74
49,315 48
50,794 94
39
2,33406
17470
2,15936
47.156 12
48,570 80
40
2.33406
16705
2,16701
44,989 11
46,338 78
41
2,33406
15937
2.17469
42,814 42
44,098 85
42
2,33406
15167
2,18239
40.632 03
41,850 99
43
2,33406
14394
2,190 12
38,441 91
39,595 17
44
2,33406
13618
2.19788
36,244 03
37.331 35
45
2,33406
12839
2,205 67
34,038 36
35,059 51
46
2,33406
12058
2.21348
31,824 88
32,779 63
47
2.33406
11274
2.221 32
29,603 56
30,491 57
48
2.33406
10487
2,22919
27,374 37
28,195 60
49
2,334 06
9597
2,23709
25.137 28
25,891 40
50
2,33406
8906
2,24501
22,892 27
23.579 04
51
2,33406
8109
2.25297
20,639 30
21,258 48
52
2,33406
7311
2.26095
18,378 35
18,929 70
53
2.33406
6510
2,26896
16,109 39
16,592 67
54
2,33406
5707
2,27699
13.832 40
14.247 37
55
2.33406
4900
2,28506
11,54734
11,893 76
56
2.33406
4091
2,293 15
9,25419
9,531 82
57
2,33406
3278
2,30128
6,95291
7,16150
58
2,334,06
2463
2.30943
4,643 48
4,78278
59
2,33405
1645
2,31761
2,32587
2,39565
60
2.33406
819
2,32587
000
000
Grand Totals
140,043 60
14,082 28
125,961 34
v
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Page 2 01 _2_ X02012 Al I Poya1s Pi oteilm Ina U $ A 12MOC224 11112
ATTACHMENT 2 STATE AND LOCAL GOVERNMENT LEASE -PURCHASE AGREEMENT
EQUIPMENT DESCRIPTION
LESSOR DE LAGE LANDEN PUBLIC FINANCE LLC
LESSEE CITY OF SEAL BEACH
LEASE NUMBER PUB 13226
LEASE DATE May 7 20 14
OuarAO DescripliaNSerlal NoJModel No Location
1 New Canon 5235 Digital Copier with Attachments 211 11th Street
SIN IVRZ hU M� Seal Beach, CA 90740
�7 �B
1 New Canon 5250 DigitalCopierwith Attachments
SIN J _ u„ f4j a'2 '
1 New Canon 5255 Digital Copier with Attachments
SIN 1 'r� n` -74A
1 New Canon 8285 Digital Copier withAttachments
/iV
SIN [ �?-6 ! 3,% "�
3 New Canon 1030 DDigit7alCopiers with Attachments
S1N-���/�f t
SIN Ili C a I)C;ZP 19`` r�
SIN l �J
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LESSEESi mwe ~ - ' y _ l lhte = C _i_T -- CD
CD
Print Name — - - - a
_ Title e
Pap¢ 1 d 02012 All Pl li% Rasrrraf Pn wed in the U S A 1OPFD)C 1694 10!12
BILLING INFORMATION
PLEASE COMPLETE THIS FORM AND RETURN WITH DOCUMENTS
In order for DE LA ,E LANDEN Pt auC FINANCE LLC to property bill and credit your account and prepare the IRS Form
8038-G as required by the IRS, it is necessary that you Complete this form and return It with the signed documents
(8illing Name C (7 O F StA L cd C K
8dhng� Addie s 01 ! t ei 6 H T f'( -s TSL E I—
S CA
'SCA - 0 CACK , GA clo71+0
Atte on DN A Pf Q 1- N es
(Name of individual who will process payments)
T�el2phane Number
Email re Add a by+ones c� Seat b�ac6.cA �v�/
tFEDI:RALJ• �S=�v00o79�
�Primary,Contact"Name _ _V I_1� LL1 SEA TLra" (,
Pnma� ontact Number 5 6 Z - Li 3) ' 25 Z? Qv.4- 13 l l
Do you require a PO i to be referenced on invoices you receive from us? YES ■ NO ■
POO
Do you require summary billing? YES ■ NO ■
CONTACT INFORMATION AND QUESTIONNAIRE FOR FORM 8038-G FILINGS
Contact Name
Title
Contact Address
Contact Telephone Number
Email Address
Written Tax Compliance Procedures
The IRS Form 8038-0 asks specific questions about whother written procedures exist with regard to compliance with the federal tax requirements for tax-exempt
obligations Please answer the following questions to help us complete the form correctly prior to your signature Please note that your answers to these questions will
not Impact the terms or conditions of the subject transaction
Has the Lessee established written procedures designed to monitor compliance with federal tax restrictions for the term of the lease? Among other
matters, the written procedures should Identify a particular individual within Lessee's organs ation to monitor compliance with the federal tax require-
ments related to use of the financed assets and describe actions to be taken in the event failure to comply with federal tax restrictions is contem-
plated or discovered
YES ■ NO ■ If Yes, please attachlprovlde a copy
Answer the following question only If proceeds of the current financing will be funded to an ESCROW Account
The IRS Form 8038-G asks specific questions about written procedures to monitor the yield on the Investment of gross proceeds of tax-exempt obligations and,
as necessary• make payments of arbitrage rebate earned to the United States
2 Has the Lessee established written procedures to monitor the yield on the Investment of proceeds of the Lease on deposit in an escrow account or
similar fund prior to being spent and to ensure that any positive arbitrage rebate earned is paid to the United States?
YES ■ NO ■ If Yes, please attach/provide a copy
in
If you have further questions, please consult your regular bond or legal counsel.co
0
U
O
O
tiL
G.
Cc
0
02013 All PTNS Resured NO' I [1 On U S A OSPFOOCOW 12/13
F.. 8038-G I Information Return for Tax -Exempt Governmental Obligations
(Rev September 2011) ► Under Internal Revenue Code section 149(e) GMB No 1545-0720
Department of the Treasury ► See separate instructions.
Internal Revenue Service Caution. It the issue pnce is under $100,000, use Form 8038 -GC
M
check here ►
1 Issuer's name
Issuer's ployer Iden i tion number (EiN)
CITY OF SEAL BEACH
11
3a Name of person (other than issuer) with whom the IRS may communicate about this return (see instructions)
3b Telephone n ben I0 trier pars shown on 3a
4 Number and street (or P.o box if mad is not delivered to street address)
Room/suite
5 rt number fFor 1RS Only)
211 8th Street
3 '
6 Gty. town, or post office. state, and ZIP code
7 Date of iss
Seal Beach CA 90740
for whiCfi this form Is being filed.
6 Name of issue N
9 CUSIP number
10a Name and title of officer or other employee of the issuer whom the IRS may clr
all for mor ormation
10b lephone number of icef 0th
vistrucuons)
em yee shown on Ie
lIMM Type of Issue (enter the issue price). See tho'i nstru ct ions and attach`vchedit /
11
12
13
14
15
16
17
18
19
19
20
Education .
Health and hospital
Transportation
Public safety .
Environment (Including sewage bonds)
Housing . . . . . . .
Utilities
Other Describe 10-
If obligations are TANS or RANs, check my box
If obligations are BANS, check nl x 1
If obligations are in the for f a lease s Iment I
► ❑
► ❑
heck box ► ❑
11
12
14
15
16
17
;�
Description of
ligation om lete the eNtireNksue
for whiCfi this form Is being filed.
(a) Final maturity date
(b} Issue
(c) ated emption
pri at ma ty
(d) Weighted
average maturity
(e) Yield
21
1 $ $
years
%
Uses Pr eds of Bon Issueincl in
derwrite ' discount)
22
23
24
25
26
27
29
30
Proceeds d for accr interest
Issue pr, a of a Ire issue {en amount fr line 21, co n �b). . .
Procee used fe d Issuance co (ncludl underwriters Iscount) 24
Proceeds d for c nhancernent . . . . 25
Proceeds all ated to so bly required re e o cement fund 26
Proceeds use current refu rlor issues . . . 27
r s used to dvance r prior Issues 28
Total ( tines 24 t ough 28) . . .
Nonrefu Ing proce of the Issue ubtract 29 from line 23 and enter amount here)
22
^23
'" n
't
i
_
29
30
ascription of R unded Bblids. Complete this part only for refunding bonds
3 Enter the r eightVd
turlty of the bonds to be currently refunded . 1► years
32 r e remaining WeI tturlty of the bonds to be advance refunded ► years
33 Enter the Iast date on whlcbonds willbe called (MM/DD/YYYI� ►34 Enter the dates the refundIssued ► (MtwoDiYYYY)
eductio ct Not e, see separate instructions. Cat No 637735 Form 8038-G (Rev 9.2011)
Psg. i a 0
E
Form 8038-G (Rev 9-2011)
35 Enter the amount of the state volume cap allocated to the Issue under section 141(b)(5) .35
36a Enter the amount of gross proceeds Invested or to be invested in a guaranteed Investment c tract
(GIC) (see Instructions) 38a _
b Enter the final maturity date of the GIC IN-
Ili,c Enter the name of the GIC provider
37 Pooled financings, Enter the amount of the proceeds of this Issue that are to be use o make loan
to other governmental units . . . . . . . . . . j
38a If this Issue Is a loan made from the proceeds of another tax-exempt Issue, check box b.d enter the follc
b Enter the date of the master pool obligation Do-
c
c Enter the EIN of the Issuer of the master pool obligation 10-
d
d Enter the name of the Issuer of the master pool obligation 0-
39
39 If the issuer has designated the Issue under section 265(b)(3)(B)(i)(III) all issuer ex tion), check box
40 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, chec ox
41a If the Issuer has Identified a hedge, check here ► ❑ and enter ! Ilowin nformation
b Name of hedge provider 10-
c
c Type of hedge No.
d Term of hedge 10-
42
42 If the Issuer has superintegrated the hedge, check b
43 If the issuer has established written procedure o ensure at all nqualifi bonds o his Issue e
according to the requirements under the Code an egulations Inst ctions) heck box
44 If the issuer has established written procedur to mo or the requir ents of ction 148, check bo
45a If some portion of the proceeds was used reim rse a nditures, check re ► ❑ and enter the amount
of reimbursement 'lo.
Enter the date the official intent was opted ►
2
ng
. P. ❑
remediated
► ❑
No. ❑
Under penalties of penury, I are tha have ex this return comps ng schedules an tatements, and to the best of my knowledge
Signature and belief, they are true, corn f, d Com to I firth tare that I consto the s disclosur f the issuer's return information, as necessary to
and process this return, It the son tha ave or¢ed o
Consent
Paid
Preparer
Use Only
Signature of Is is authorized ssentative ate NYF Type or print name and title
it(Type preparename Preparer's signature Date Check ❑ U
self-employed
n's nine ► Firm's EIN D
Form W;St3-U (Rev 9-2011)
Page 7ei6 OWMM Rgnn Resov NWdm ft U S A WFp=8" U12
Instructions for Form
8038-G
(Rev. September 2011)
Information Return for Tax -Exempt Governmental Obl
Section references are to the Internal
Revenue Code unless otherwise noted
General Instructions
Purpose of Form
Form 8038-G is used by issuers of
tax-exempt governmental obligations to
provide the IRS with the information
required by section 149(e) and to monitor
the requirements of sections 141 through
150.
Who Must File
IF the Issue price THEN, for tax exempt
(line 21, column (b)) govemmental
Is... obligations Issued
after December 31,
1986, Issuers must
flle ..
$100,000 or more A separate Form
8038-G for each Issue
Less than $100,000 Form 8038 -GC,
Information Return for
Small Tax -Exempt
Govemmontal Bo
Issues, Leases, 96d
Installment Sa s
®For all build Amenc onds and
recovery zone econo
development bondsuse rm
8038-B, Information Retum for Bur
America Bonds ao
nveryZonEconomic Deveic te
es ds. Far tax
credit bonds a specified to ed t
bonds use F 8038 -TC, Inform n
Return for T Credi ds and
Specified Ta redrt Bo
When To File
File Form 6038G o or befor e 1
d 2nd Galen month a r th
ose of th alendar q iter in wh he
bond is issue Form 803 G may not be
filed before tV issue date a d must be
cosneleted Lp&sed on the facts s of the
an
extension of time to file Form
under Section 3 of Rev. Proc.
2002-37 1 R B 531, if it is deb
ttLtadu�p,Z
e y of duet willful
neg eTTyot at t top of he
form "ReqIlei der se tion 3
of Rev. Pr4 nd atta a letter
explaining 8038-G s not
submitted on time Iso
indicate wbo sue in
question is under examination by the IRS
Do not submit copies of the trust
Sep 20, 2011
indenture or other bond documents See
Where To File next
Where To File
File Form 8038-0, and any a
with the Department of the T
Internal Revenue Service Ce
UT 84201
Private delivery services. You%nusecertain private delivery services
designated by the IRS
mailing as timely fill paying" rule r tax
returns and paym is These private
delivery service nclude only the
following.
• DHL Expr s (DHL HL S e Day
Service
• Federal ress (FedE Fed x
Priorit Overn t, FedEx St rd
Ove ig Fed Day, FedEx /
In nation riod , nd FedEx
United Parcel rvice S) UPS
Nei
iy Air, UPS Next AirNUP
PS
d Da Ir, UPS 2nd y UPS
�rldwi press Plus,
T pnvatd ery service tell \
yo to get itt proof of the ding
date
Forms
For reb ng itrage (or p ing a
penalty in u o itrage re ti ) to the
Federal gove meat, e F m 8038 T,
Itrage Reba Yield uction and
Pe iv in Lieu of itraoe Rebate
For p to active bonds, use Form
BO nfor tion eturn for Tax -Exempt
Private ivit nd Issues
For buildAmerica bonds (Direct Pay),
Ptiitid Ame a bonds (Tax Credit), and
reco one economic development
bonds, complete Form 8038-8,
Information Return for Budd America
ijonds and Recovery Zone Economic
Idevelopment Bonds
For qualified forestry conservation
bonds, new clean renewable energy
bonds, qualified energy conservation
bonds, qualified zone academy bonds,
qualified school construction bonds, clean
renewable energy bonds, Midwestern tax
credit bonds, and all other qualified tax
credit bonds (except build America
bonds), file Form 8038 -TC, Information
Return for Tax Credit Bonds and
Specified Tax Credit Bonds
Cat No 63774D
Pap. 3 al 6
CoDepartment of the Treasury
Internal Revenue Service
ounding Wh a Dol*s
Yo ay show am nts on th return as
whole liars To do so, dro amounts
less than 0 cents and in ase amou
from 50 c%an
99 c Is to th
next highe
Questiong Form
uestions on bkw to file
an email to_the S at
and put "Fobk8038-,9rQues0 the
bject line Ir a ad it a
de nphon of yo quest on return
emai ddress, the name a contact
person, d a telephon number
Definitio
Tax-exempt ob tion. This is any
obligation, including a bond, installment
purchase agreement, or financial lease,
on which the interest is excluded from
income under section 103
x -exempt governmental obligation.
A -exempt obligation that is not a
pri to activity bond (see below) is a
to -6 -exempt governmental obligation This
includes a bond issued by a qualified
volunteer fire department under section
150(e),
Private activity bond. phis includes an
obligation issued as part of an issue in
which:
• More than 10% of the proceeds are to
be used for any private activity business
use, and
• More than 10% of the payment of
principal or interest of the issue is either
(a) secured by an interest in property to
be used for a private business use (or
payments for such property) or (b) to be
derived from payments for property (or
borrowed money) used for a private
business use
It also includes a bond, the proceeds
of which (a) are to be used directly or
indirectly to make or finance loans (other
than loans described in section 141(c)(2))
to persons other than governmental units
and (b) exceeds the lesser of 5% of the
proceeds or $5 million
Issue price. The issue price of
obligations is generally cetermined under
Regulations section 1 148-1(b) Thus,
when issued for cash, the issue price is
the first price at which a substantial
amount of the obligation,; are sold to the
public To determine the issue price of an
obligation issued for property, see
sections 1273 and 1274 and the related
regulations
Issue. Generally, obligations are treated
as part of the same issue if they are
issued by the same issuer, on the same
date, and in a single transaction, or a
series of related transactions However,
obligations issued during the same
calendar year (a) under a loan agreement
under which amounts are to be advanced
periodically (a "draw -down loan") or (b)
with a term not exceeding 270 days, may
be treated as part of the same issue if the
obligations are equally and ratably
secured under a single indenture or loan
agreement and are issued under a
common financing arrangement (for
example, under the same official
statement periodically updated to reflect
changing factual circumstances). Also, for
obligations issued under a draw -down
loan that meet the requirements of the
preceding sentence, obligations issued
during different calendar years may be
treated as part of the same issue if all of
the amounts to be advanced under the
draw -down loan are reasonably expected
to be advanced within 3 years of the date
of issue of the first obligation Likewise,
obligations (other than private activity
bonds) issued under a single agreement
that is in the form of a lease or installment
sale may be treated as part of the same
Issue if all of the property covered by that
agreement is reasonably expected to be
delivered within 3 years of the date of
issue of the first obligation.
Arbitrage rebate. Generally, interest on
a state or local bond is not tax-exempt
unless the issuer of the bond rebates
the United States arbitrage profits a ned
from investing proceeds of the bo in
higher yielding nonpurpose inve ments
See section 148(f)
Construction issue. This is a sue of
tax-exempt bonds that meets both the
following conditions,
1 At least 75% o h variable
construction proce s are to used for
construction exp dilutes with re of to
property to bened b a governme
unit or a sectio 501(c)( anization,
and
2 All the bond haters rt he
issue are qualified 5 (c)(3) bo s,
bonds that are not priv a activity ands,
or rvrty bonds ued to fi n
operty to be caned by a overnme I
unit or a section 1(c)(3) or. nization
I of r ahng any arbdra that
m be o to the United States, he
iss r of a n iss ay ke
an lire ca le election to pay a nal
The penalty is equal to 1112% of th
amount of construction proceeds th do
'hot meet ce (aaperftlt the Is.
See n 148 iqq({({rr_�j4tt.�aC an the
Instructions for F 038 -
Specific &tructions
Part I—Rep ing Au ority
Amended return. An issuer may file an
amended return to change or add to the
information reported on a previously filed
return for the same date of issue If you
are filing to correct errors or change a
previously filed return, check the
Amended Return box in the heading of
the form
The amended return must provide all
the information reported on the original
return, in addition to the new or corrected
information Attach an explanation of the
reason for the amended return and write
across the top, "Amended Return
Explanation " Failure to attach an
explanation may result in a delay in
processing the form.
Line 1. The issuer's name is the na of
the entity issuing the obligations, no
name of the entity receiving the b efit of
the financing, For a lease or Ins Iment
sale, the issuer is the lessee or 1
purchaser.
Line 2. An issuer that doe ave a
employer identification bar (E
should apply for one Form SS -4,
Application for Em yer Identification
Number You ca at this f on the IRS
website at IRS v or by (ling
1 -800 -TAX -F M (1-80 829-36 You
may receive n Ell by tele one b
following the in ction s for S-4
Line 3 . e iss r wishes to authonz
a pe on oth han a officer or other
e oyes of the suer hiding a leg
r resentative or p prep r) to
communicate with the S an hom the
S may tact about t retur
(f uding i sting or by to hone ,
ante he na such person are
o sted in ' a must be a
indi a Do not n the name an title
of an o r othe m yes of the
rssuer here a line a f hat
note.b utnorizing a p on oti r nan
an Guth ze fficer or oche mployee of
the issuer co nicate wit he IRS
nd whom th S Contac bout this
r rn, the issue uthon a IRS to
com unicate direc with the individual
enters n line 3a an onsents to
' close t issuer's re m information to
tha ividu as ne ssary, to process
this retu
Lines 4 and 9N>lf you listed an individual
on line 3a to c municate with the IRS
ahom t IRS may contact about this
turn, r the number and street (or
P O box if mad is not delivered to street
ddress), city, town, or post office, state,
aiXZIP code of that person. Otherwise,
7e r the issuer's number and street (or
O box if mail is not delivered to street
address), city, town, or post office, state,
and ZIP code
Note. The address entered on lines 4
and 6 is the address the IRS will use for
all written communications regarding the
processing of this return, including any
notices
Line 5 This line is for IRS use only Do
not make any entries in this box
Line 7. The date of issue is generally the
date on which the issuer physically
Psp6 4 Of 6
exchanges the bonds that are part of the
issue for the underwriter's (or other
purchaser's) funds. For a lease or
installment sale nter the date interest
starts to accru in Mfvl/D�NYYY
format.
Line S. J11 there isname of the issue,
olease rovide of r identification of the
Li a 9. Enter th CUSI iCom as on
Uni Securities ification
Proce es) number of the bo with the
latest ma ty If the issued s not have
a CUSIP nu er, write "No
Line 10a. Enter a name and the
officer or other amp as
cf the Iss r
om the IRS may ca r more
inf anon If the issuer hes to
desig to a person other the an office
or other ployee of the Is uer't4qcIu0hq
a legal repr entative or ai rep r)
hom the IR ay cal or mor
in matron abou eturn, an r the
nam title, and tele hone nu or of
ih pe on on lines 3a an b
Com to lines 1 a and 10b even
if you co let Ines 3a and 3b
Part II—Type of Issue
Elections referred to in Part If are
made on the onginal bond
documents, not on this form
I ntify the type of obligations issued
byAntenng the corresponding issue price
*dee Issue price under Definitions earlier).
Attach a schedule listing names and EINs
of organizations that are to use proceeds
of these obligations, if different from those
of the issuer, Include a brivf summary of
the use and indicate whether or not such
user is a governmental or
nongovernmental entity.
Line 1a. Enter a description of the issue
in the space provided
Line 19. If the obligations are short-term
tax anticipation notes or warrants (TANs)
or short-term revenue anticipation notes
or warrants (RANs), check box 1 ga If the
obligations are short-term bond
anticipation notes (BANs), issued with the
expectation that they will be refunded with
the proceeds of long-term bonds at some
future date, check box 19b Do not check
both boxes.
Line 20. Check this box if property other
than cash is exchanged for the obligation,
for example, acquiring a police car, a fire
truck, or telephone equipment through a
series of monthly payments (This type of
obligation is sometimes referred to as a
"municipal lease ") Also check this box if
real property is directly acquired in
exchange for an obligation to make
periodic payments of interest and
principal Do not check this box if the
proceeds of the obligation are received in
the form of cash, even if the term "lease"
is used in the title of the issue
Part III—Description of
Obligations
Line 21. For column (a), the final
maturity date is the last date the issuer
must redeem the entire issue
For column (b), see Issue price under
Definitions earlier.
For column (c), the stated redemption
price at maturity of the entire issue is the
sum of the stated redemption prices at
maturity of each bond issued as part of
the issue For a lease or installment sale,
write "N/A" in column (c).
For column (d), the weighted average
maturity is the sum of the products of the
issue price of each maturity and the
number of years to maturity (determined
separately for each maturity and by taking
into account mandatory redemptions),
divided by the issue price of the entire
Issue (from line 21, column (b)). For a
lease or installment sale, enter instead
the total number of years the lease or
Installment sale will be outstanding.
For column (e), the yield, as defined in
section 148(h), is the discount rate that,
when used to compute the present value
of all payments of principal and interest to
be paid on the obligation, produces an
amount equal to the purchase price,
including accrued interest See
Regulations section 1 148-4 for specific
rules to compute the yield on an issue If
the issue is a variable rate issue, wn
"VR" as the yield of the issue For er
than variable rate issues, carry Fear
out to four decimal places (for ample,
5 3125%) If the issue is a le a or ,
installment sale, enter the a ctive rate of
interest being paid,
Part IV—Uses of Proceeds'sof
Bond Issue
For a lease or in Ilment e, write "NIA
in the space to a right of the for Part
IV
Line 22. En r the a t of proceeds
that will be use to pay i t from the
date the bonds a dated t he to of
issue
Line 4. Enter the a ount of t
cee s t will be u d to pay
issuance c including es fort rustees
and bond cou el. If no bo proceeds
wit used pay bond issu ce costs,
e0liter z o o at leave this lin blank.
L
no 25. En pc tH of th
pr at will be used to y fe far
credit enhancement that are tak in
account in determining the yield o the
issue for pini sysae� tion 148( ) (for
and insurance remium and
certain fees for insurance
edit)
Line 26. En r the ni of pr ceeds
that will be located to such a nd
Line 27. r the amount the
proceeds that be us o pay
principal, interest, or ca I premium on any
other issue of bonds within 90 days of the
date of issue.
Line 28. Enter the amount of the
proceeds that will be used to pay
principal, interest, or call premium on any
other issue of bonds after 90 days of the
date of issue, including proceeds that will
be used to fund an escrow account for
this purpose
Part V—Description of
Refunded Bonds
Complete this part only if the bonds are to
be used to refund a prior issue of
tax-exempt bonds For a lease or
installment sale, write "NIA" in the space
to the right of the title for Part V
Lines 31 and 32. The remaining
weighted average maturity is dei min
without regard to the refunding he Kkl
weighted average maturity is _.e
weighted
in the same manner as on line column
(d).
Line 34. If more than ue o
bondswill be refund enter the a of
issue of each issu Hier the date in
MM/DDNYYY f at
Part VI— scella o
Line 35. allocation volume cap is
required if nonqualifie mou t for the
Issue i more n $15 millio tis not
mor ha thea Runt that would caus
th ssue to a priv activity bonds
the 36. If an rtion t the gross
proceeds of the is a is o dl be
invested in a cuaran d inv ment
ontrac IG). as dehn in He lations
ctson 1. -1(b), enter t amo of
the ross pr ds so invest as WWL
th final m date of the C an
the of the ro er of such c ract
Line 3 . ter th m nt of the
oceeds o this issu use o make a
another govern enta nit, t
ince s which is tax a mpt
Line 3 If issue is a I of
proceeds m a her tax -e mpt issue,
check the bo nd e r the to of issue,
and name issuer he master
poo blication
Line 4b.,Check this x if the issue is a
115 structs issue d an irrevocable
elec top a pOnalty in lieu of
arbitrage at as been made on or
before theda the bonds were issued
The penalt s payable with a Form
-T fo each 6 -month period after the
date on
are issued. Do not make
any payment of penalty in lieu of arbitrage
rebate with this form See Rev Proc.
22, 1992-1 C B. 736 for rules
egarding the "eleetton document "
Line 41a. Check this box if the issuer
has identified a hedge on its books and
records according to Regulations sections
1 148-4(h)(2)(viii) and 1,148-4(h)(5) that
permit an issuer of tax-exempt bonds to
identify a hedge for it to be included in
yield calculations for computing arbitrage
Line 42. In determining if the Issuer has
super -integrated a hedge, apply the rules
of Regulations section 1.148-4(h)(4) If
the hedge is super -integrated, check the
box,
Line 43. If the issuer takes a "deliberate
action" after the issue date that causes
Page 5 .16
the conditions of the private business
tests or the pr ate loan financing test to
be met, the u issue is also an issue
of private tivity b ds. Regulations
section 41-2(d) defines a deliberate
action s any act n taken by the issuer
that within rt ontrol rer rdless of
w ther ther s intent t s to such
sts Regula s sec n 1 1 -12
e tains the con io to takin remedial
acts that prevent n action at causes
an issu to meet the privet usiness
tests or p to loan finan g test fro
being create s a deliberat ction
Check the box i e issuer has
established written
race,
to ensure
imely remedial actio r all nonqualified
b
As according to Reg tions sectio
1 1 12 or other remedia tions
authors d by the Comrrytssio u er
44. Ch th ox it the suer has
dished writtWproceduVS to monitor
tr�ance with the arbitr, e, yield
.-trW. and rebate re irements of
section 1
Line 45a.ck/tb'oX if some part of
the proceeds wa o reimburse
expenditures Figure and then enter the
amount of proceeds that are used to
reimburse the issuer for amounts paid for
a qualified purpose prior to the issuance
pf the bonds. See Regulations section
aLi 45b. An issuer must adopt an
o
.,al intent to reimburse itself for
reissuance expenditures within 60 days
after payment of the original expenditure
unless excepted by Regulations section
1 150-2(f) Enter the date the official
intent was adopted See Regulatfons
section 1.150-2(e) for more information
about official intent.
Signature and Consent
An authorized representative of the issuer
must sign Form 8038-G and any
applicable certification Also print the
name and title of the person signing Form
8038-G. The authorized representative of
the issuer signing this form must have the
authority to consent to the disclosure of
the issuer's return information, as
necessary to process this return, to the
persons) that have been designated in
Form 8038-G.
Note. If the issuer in Part 1, lines 3a and
3b authorizes the IRS to communicate
(including in writing and by telephone)
with a person other than an officer or
other employee of the issuer, by signing
this form, the issuer's authorized
representative consents to the disclosure
of the issuer's return information, as
necessary to process this return, to such
person
Paid Preparer
If an authorized officer of the issuer filled
in this return, the paid preparer's space
should remain blank Anyone who
prepares the return but dces not charge
the organization should not sign the
return Certain others who prepare the
return should not sign For example, a
regular, full-time employee of the issuer,
such as a clerk, secretary, etc , should
not sign.
Generally, anyone who Is paid to
prepare a return must sign it and fill in the
other blanks in the Paid Preparer Use
Only area of the return.
The paid preparer mush
• Sign the return In the space provided
for the preparees signature (a facsimile
signature is acceptable),
• Enter the preparer information, and
• Give a copy of the return to the issuer.
Paperwork Reduction Act Notice. We
ask for the information on this form to
carry out the Internal Revenue laws of the
United States. You are required to give us
the information We need it to ensure that
you are complying with these laws
You are not required to provide the
information requested on a form that is
subject to the Paperwork Reduction Act
unless the form displays a valid OMB
control number. Books or records relating
to a form or its instructions must be
retained as long as their contents may
become material In the adminlstration of
any Internal Revenue law Generally, tax
returns and return information are
confidential, as required by section 6103.
The time needed to complete a
this form varies depending on in idual
circumstances The estimated erage
time is,
Page 5 .15
Learning about the taw or
the form
Preparing/the
in
assemblind sect g
the ForthIRS
2 hr, 41 min
82012 All Ag*. Reserved PMW n 0. U S A 081PFDIX085.4 5112
De Lage Landen Public Finance LLC ACCEPTANCE CERTIFICATE
1111 Old Eagle School Road
Wayne, PA 19087
Ladies and Gentlemen
Re State and Local Government Lease Purchase Agreement dated as of May 7 20 14 , between
De Lage Landon Public Finance LLC, as Lessor, and CIN OF SEAL BEACH , as Lessee
In accordance with the State and Local Government Lease Purchase Agreement (the "Agreement'), the undersigned Lessee hereby certifies and represents to,
and agrees with Lessor as follows
1 All of the Equipment (as such term is defined in the Agreement) has been delivered, installed and accepted 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 Lessee is currently maintaining the insurance coverage required by Section 14 of the Agreement
4 No event or condition that constitutes, or with notice or lapse of time, or both, would constitute, an Event of Default (as defined in the Agreement) exists at
the date hereof
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