Loading...
HomeMy WebLinkAboutCC Reso 2020-11 - Approving Purchase of Fire Engines RESOLUTION 2020-11 RESOLUTION OF THE CITY COUNCIL OF THE CIN OF UKIAH APPROVING PURCHASE OF FIRE ENGINES AND AUTHORIZING CITY MANAGER TO NEGOTIATE AND EXECUTE LEASE PURCHASE AGREEMENT AND RELATED DOCUMENTS WHEREAS: 1. The City has determined to acquire one Skeeter Brush Truck, Type 5 Engine ("the Equipment") as an essential component of the City' s Fire Department and the provision of fire protection in the City and in the Ukiah Valley Fire District; and 2. The City Council has determined that acquiring the Equipment under a Master Lease Agreement (" Lease") and accompanying Equipment Schedule (" Schedule") with Financial Pacific Leasing, Inc., DBA Umpqua Bank Equipment Leasing & Finance (" Umpqua") is in the best interests of the City; and 3. Under the Lease,the City will assign to Umpqua the City's rights, but not its obligations, to acquire the Equipment and Umpqua will lease the Equipment to the City pursuant to the terms set forth in the Term Sheet, attached hereto as Exhibit A; and 4. The City will be obligated under the Lease and accompanying Schedule with Umpqua to make semi-annual lease payments which will total the purchase price of the Equipment plus interest, provided the City Council appropriates funds each year to make the lease payments; LNOW, THEREFORE, BE IT RESOLVED that: 1. The purchase of the Equipment from Pierce Manufacturing Inc. for the total amount of $227,606.56, including sales tax, is hereby approved. 2. The City Manager is hereby authorized and directed to negotiate and execute on behalf of the City a Lease, Schedule and related documents that finance the purchase of the Equipment in accordance with the Term Sheet, attached hereto as Exhibit A, subject to legal review by the City Attorney. PASSED AND ADOPTED on February 19, 2020, by the following Roll Call Vote: AYES: Councilmembers Mulheren, Brown, Scalmanini, Orozco, and Mayor Crane NOES: None ABSTAIN: None ABSENT: None ATTEST: Douglas .Crane, Mayor iA-wb� L-ml� ' Kristine Lawler, City Clerk ® umpqua bank EXIIIBITA equipment leasing & finance ' MUNICIPAL LEASE-PURCHASE AGREEMENT PAYMENT SCHEDULE Qu$ Total Payment Prinoioal Interest Option to Purchase 3/1/2020 $ - $ $ - $ 1.00 4/1/2020 $ - $ - $ - $ 1.00 5/1/2020 $ - $ - $ - $ 1.00 6/1/2020 $ - $ - $ - $ 1.00 7/1/2020 $ - $ - $ - $ 1.00 8/1/2020 $ - $ - $ - $ 1.00 9/1/2020 $ 13,140.00 $ 9,930.08 $3,210.32 S 1.00 10/1/2020 $ - $ - 5 - $ 1.00 11/1/2020 $ - $ - $ - $ 1.00 12/1/2020 $ - $ - $ - $ 1.00 1/1/2021 $ - $ - $ - $ 1.00 2/1/2021 $ - $ - $ - $ LIM , 3/1/2021 $ 13,140.40 $10,070.14 $3,070.26 $ IAO 4/1/2021 $ - $ - S - $ 1.00 5/1/2021 $ - $ - $ - $ 1.00 6/1/2021 $ - $ - $ - $ 1.00 7/1/2021 $ - $ - $ - $ 1.00 8/1/2021 $ - $ - $ - $ 1.00 9/1/2021 $ 13,140.40 $ 10,212.18 $2,928.22 $ 1.00 10/1/2021 $ - $ $ $ 1.00 11/1/2021 $ - $ - $ - $ 1.00 12/1/2021 $ - $ - $ - $ 1.00 1/1/2022 $ - $ - $ - $ 1.00 2/1/2022 $ - $ - $ - $ 1.00 3/1/2022 $ 13,140.40 $10,356.22 $2,784.18 $ 1.00 4/1/2022 $ - $ - $ - $ 1.00 5/1/2022 $ - $ - $ - $ 1.00 6/1/2022 $ - $ - $ - $ 1.00 7/1/2022 $ - $ - $ - $ 1.00 8/1/2022 $ - $ - $ - $ 1.00 9/1/2022 $ 13,140.40 $10,502.29 $2,638.11 $ 1.00 10/1/2022 $ - $ $ - $ 1.00 VBELFCPPBJId ID19A ' FiMtdY Fai Leaanp,mu.doing Lutlnro as Umpqua Bank Equipment Usai Fir arce,is a aultlElsy d Umyua Bi Poi oMrm 4 Fllummal Pi Lseainp,IM as M FOIL Imurey. 1 ' 11/1/2022 $ - $ - $ _ $ 1.00 12/1/2022 $ $ $ $ 1.00 1/1/2023 $ - $ - $ - $ 1.00 2/1/2023 $ - $ - S - $ 1.00 3/1/2023 $ 13,140.40 $ 10,650.42 $2,489.98 $ 1.00 4/1/2023 $ - $ - $ - $ 1.00 5/1/2023 $ - $ - $ - $ 1.00 6/1/2023 $ - $ - $ - $ 1.00 7/1/2023 $ - $ - $ - $ 1.00 8/1/2023 $ - $ - $ - $ 1.00 9/1/2023 $ 13,140.40 $10,800.64 $2,339.76 $ 1.00 10/1/2023 $ - $ $ $ 1.00 11/1/2023 $ - $ - $ - $ 1.00 12/1/2023 $ $ $ $ 1.00 1/1/2024 $ - $ - $ - $ 1.00 2/1/2024 $ - $ - $ - $ 1.00 3/1/2024 $ 13,140.40 $ 10,952.98 $2,187.42 $ 1.00 4/1/2024 $ - $ $ $ 1.00 5/1/2024 $ - $ - $ - $ 1.00 6/1/2024 $ - $ - $ - $ 1.00 ' 7/1/2024 5 _ $ _ $ _ $ 1.00 8/1/2024 $ $ $ $ 1.00 9/1/2024 $ 13,140.40 $ 11,107.47 $2,032.93 $ 1.00 10/1/2024 $ - $ $ $ 1.00 11/1/2024 $ $ $ $ 1.00 12/1/2024 $ $ $ $ 1.00 1/1/2025 $ - $ - $ - $ 1.00 2/1/2025 $ - $ - $ - $ 1.00 3/1/2025 $ 13,140.40 $11,264.14 $1,876.26 $ 1.00 4/1/2025 $ - $ - $ - $ 1.00 5/1/2025 $ - $ - $ - $ 1.00 6/1/2025 $ - $ - $ - $ 1.00 7/1/2025 $ - $ - $ - $ 1.00 8/1/2025 $ - $ - $ - $ 1.00 9/1/2025 $ 13,140.40 $ 11,423.01 $ 1,717.39 $ 1.00 10/1/2025 $ - $ - $ - $ 1.00 11/1/2025 $ - $ - $ - $ 1.00 12/1/2025 $ $ $ $ 1.00 1/1/2026 $ - $ - $ - $ 1.00 2/1/2026 $ - $ - $ - $ 1.00 3/1/2026 $ 13,140.40 $ 11,584.13 $ 1,556.27 $ 1.00 4/1/2026 $ - $ $ - $ 1.00 VBE CM"MI-110117P rylBOyl PpYlc Wunp,Mc..MQWaren e, ma ,Ic Jr,,cm nkEW mrea F... I.,a umppu.1c RCEw.I,Gl�tl Oy vsurcW P chere Inc.. not FDIC inn-c. 2 5/1/2026 $ $ $ $ 1.00 ' 6/1/2026 $ - $ - $ - $ 1.00 7/1/2026 $ - $ - $ - $ 1.00 8/1/2026 $ - $ - $ - $ 1.00 9/1/2026 $ 13,140.40 $11,747.52 $ 1,392.88 $ 1.00 10/1/2026 $ - $ $ $ 1.00 11/1/2026 $ - $ - $ - $ 1.00 12/1/2026 $ - $ $ $ 1.00 1/1/2027 $ - $ - $ - $ 1.00 2/1/2027 $ - $ - $ - $ 1.00 3/1/2027 $ 13,140.40 $ 11,913.22 $1,227.18 $ 1.00 4/1/2027 $ - $ - $ - $ 1.00 5/1/2027 $ - $ - $ - $ 1.00 6/1/2027 $ - $ - $ - $ 1.00 7/1/2027 $ - $ - $ - $ 1.00 8/1/2027 $ - 5 - $ - $ 1.00 9/1/2027 $ 13,140.40 $12,081.25 $1,059.15 $ 1.00 10/1/2027 $ - $ $ $ 1.00 11/1/2027 $ - $ - $ - $ 1.00 12/1/2027 $ - $ $ $ 1.00 1/1/2028 $ - $ $ $ 1.00 ' 2/1/2028 $ - $ - $ - $ 1.00 3/1/2028 $ 13,140.40 $12,251.65 $ 888.75 $ 1.00 4/1/2028 $ - $ - $ - $ 1.00 5/1/2028 $ - $ - $ - $ 1.00 6/1/2028 $ - $ - $ - $ 1.00 7/1/2028 $ - $ - $ - $ 1.00 8/1/2028 $ - $ - $ - $ 1.00 9/1/2028 $ 13,140.40 $ 12,424.46 $ 715.94 $ 1.00 10/1/2028 $ - $ $ - $ 1.00 11/1/2028 $ $ $ - $ 1.00 12/1/2028 5 - $ - $ - $ 1.00 1/1/2029 $ - $ - $ - $ 1.00 2/1/2029 $ - $ - $ - $ 1.00 3/1/2029 $ 13,140.40 $12,599.70 $ 540.70 $ 1.00 4/1/2029 $ - $ - $ - $ 1.00 5/1/2029 $ - $ - $ - $ 1.00 6/1/2029 $ - $ - $ - $ 1.00 7/1/2029 $ - $ - $ - $ 1.00 8/1/2029 $ - $ - $ - $ 1.00 9/1/2029 $ 13,140.40 $ 12,777.42 $ 362.98 $ 1.00 10/1/2029 $ - $ $ - $ 1.00 ' UBELF AP UNI-110111R FYurcJelPgMC LBe&y,Inc.,OCIy Welnevax N U.Bank EqulgneNL-l.1-.Is aeWYN>y N U.p .8.M P..OIIsaE b/Fin-...L-v Inc..se M I...n. 'M. 1�Y�V����`1",UNNARV1\U'������1U1\`1W������"`1`1\lY������"„U1W�������"\\11W������,"`111W��/���`1"`11Y������\""11LY������"`�,11W������` ' 11/1/2029 $ _ $ - $ _ $ 1.00 12/1/2029 $ $ $ $ 1.00 1/1/2030 $ - $ - $ - $ 1.00 2/1/2030 $ - $ - $ - $ 1.00 3/1/2030 $ 13,140.40 $ 12,957.64 $ 182.76 $ 1.00 Interim rent is calculated as follows: (The rent divided by 30 days equals the daily rate) multiplied by the(number of days between closing and the first Rent Payment date) equals the total interim rent. Provided Lessee provides notice pursuant to the Municipal Lease-Purchase Agreement, section 10(b), payment of the applicable Option to Purchase Amount may occur concurrently with the Lessee's final installment payment. Low": City of Ukiah By:X ' Print Name: Sage Sangiacomo Title: City Manager Dale: Lessor: Financial Pacific Leasing, Inc., DBA Umpqua Bank Equipment Leasing &Finance By: Print Name: Title: Date: THIS DOCUMENT MAY BE SIGNED IN COUNTERPARTS AND TRANSMITTED ELECTRONICALLY WITH THE SAME FORCE AND EFFECT AS DELIVERY OF AN ORIGINAL. UBELFLAPSMUNF1101 PA FiNn Pa,Mc Lawry,Iz,ftP We aUrt WBWk Equ,g MLBNI,p 6 FWn ,Ica WMdiI NU Nue BFM: p,p>.vla pIINBC py FinantlY IMI.,Irc„an m1FgCInW,K 1111VV 11 4 11 111111pp