HomeMy WebLinkAboutTextron Financial; 2009-02-17;Exhibit 4
TEXTRON FINANCIAL
Lending help beyona expectations.
SCHEDULE No: 1028441, DATED 11-19-2008 TO THE
MUNICIPAL AGREEMENT, DATED 03-21-2007
1. DESCRIPTION OF THE EQUIPMENT:SUPPLIER: E-Z-Go Southern California
QUANTITY: 90DESCRIPTION OF EQUIPMENT: E-Z-GO RXV E
sun canopy, split windshields, message holder, ice chest, battery
fill system, hubcaps, logo and numbers, sand/seed bottles, state of
charge meter
SERIAL NUMBER (IF APPLICABLE):
together with all accessories, attachments, substitutions and accessions.
2. EQUIPMENT LOCATION: 5800 The Crossings Drive, Carlsbad CA 92008,
3. The Rental Payments will be made for the Equipment as follows:
PURCHASE
PRINCIPAL INTEREST TOTAL RENTAL OPTION
DATE DUE COMPONENT COMPONENT PAYMENT DUE AMOUNT*See attached Addendum A
4. The terms and provisions of the Municipal Agreement described above (other
than to the extent that they relate solely to other Schedules or Equipment listed on other
Schedules) are hereby incorporated into this Schedule by reference and made a part
hereof.
Carlsbad Public Financing Authority, a
Joint Powers Authority formed between
the City of Carlsbad and the Carlsbad
Municipal Water District
Exec. Director
TEXTRON FINANCIAL CORPORATION
Name:
Title:AVP Operations
APPBCa/ERMTOFORM
<
eon«. fsii-a^ s
Assumes all Rental Payments and additional payments due on and prior to that date have been paid.
Schedule to Municipal Agreement
Revision Date. 02/05
3110022167-1028441
/a
COPY
02/17/2009 Pagel
Carlsbad Public Financing "Addendumn A"
Compound Period : Monthly
Nominal Annual Rate....:
Effective Annual Rate...:
Periodic Rate :
Daily Rate :
CASH FLOW DATA
Event
1 Loan
2 Payment
3 Payment
AMORTIZATION SCHEDULE - Normal Amortization
6.450 %
6.644 %
0.5375 %
0.01767%
Start Date Amount Number Period
02/15/2009
03/15/2009
03/15/2013
356,448.80
6,477.30
108,000.00
1
48 Monthly
1
End Date
02/15/2013
Date Payment Interest Principal Balance
Loan 02/15/2009
1 03/15/2009
2 04/15/2009
3 05/15/2009
4 06/15/2009
5 07/15/2009
6 08/15/2009
7 09/15/2009
8 10/15/2009
9 11/15/2009
10 12/15/2009
2009 Totals
11 01/15/2010
12 02/15/2010
13 03/15/2010
14 04/15/2010
15 05/15/2010
16 06/15/2010
17 07/15/2010
18 08/15/2010
19 09/15/2010
20 10/15/2010
21 11/15/2010
22 12/15/2010
2010 Totals
23 01/15/2011
24 02/15/2011
25 03/15/2011
26 04/15/2011
27 05/15/2011
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
64,773.00
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
77,727.60
6.477.30
6,477.30
6,477.30
6,477.30
6,477.30
1,915.91
1,891.39
1,866.75
1,841.96
1,817.05
1,792.00
1,766.82
1.741.50
1,716.04
1,690.45
18,039.87
1.664.72
1,638.85
1.612.85
1,586.70
1,560.41
1,533.99
1,507.42
1,480.70
1,453.85
1,426.84
1,399.70
1,372.41
18,238.44
1,344.97
1,317.38
1,289.65
1,261.76
1.233.73
4,561.39
4,585.91
4,610.55
4,635.34
4,660.25
4,685.30
4,710.48
4,735.80
4,761.26
4,786.85
46,733.13
4,812.58
4,838.45
4,864.45
4,890.60
4,916.89
4,943.31
4,969.88
4,996.60
5,023.45
5,050.46
5,077.60
5,104.89
59,489.16
5,132.33
5,159.92
5,187.65
5,215.54
5.243.57
356,448.80
351,887.41
347,301.50
342,690.95
338,055.61
333,395.36
328,710.06
323,999.58
319,263.78
314,502.52
309,715.67
304,903.09
300,064.64
295,200.19
290,309.59
285,392.70
280,449.39
275,479.51
270,482.91
265.459.46
260,409.00
255,331.40
250,226.51
245,094.18
239,934.26
234,746.61
229,531.07
224,287.50
02/17/2009 Page 2
Carlsbad Public Financing "Addendumn A"
Date
28 06/15/2011
29 07/15/2011
30 08/15/2011
31 09/15/2011
32 10/15/2011
33 11/15/2011
34 12/15/2011
2011 Totals
35 01/15/2012
36 02/15/2012
37 03/15/2012
38 04/15/2012
39 05/15/2012
40 06/15/2012
41 07/15/2012
42 08/15/2012
43 09/15/2012
44 10/15/2012
45 11/15/2012
46 12/15/2012
2012 Totals
47 01/15/2013
48 02/15/2013
49 03/15/2013
2013 Totals
Payment
6,477.30
6.477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
77,727.60
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
6,477.30
77,727.60
6,477.30
6,477.30
108,000.00
120,954.60
Interest
1,205.55
1,177.21
1,148.72
1,120.08
1,091.29
1,062.34
1,033.23
14.285.91
1,003.97
974.55
944.97
915.24
885.34
855.28
825.06
794.68
764.14
733.43
702.56
671.52
10.070.74
640.31
608.94
577.39
1,826.64
Principal
5,271.75
5,300.09
5,328.58
5,357.22
5,386.01
5,414.96
5,444.07
63,441.69
5,473.33
5,502.75
5,532.33
5,562.06
5,591.96
5,622.02
5,652.24
5,682.62
5,713.16
5,743.87
5,774.74
5,805.78
67,656.86
5,836.99
5,868.36
107,422.61
119,127.96
Balance
219,015.75
213,715.66
208,387.08
203,029.86
197,643.85
192,228.89
186,784.82
181,311.49
175,808.74
170,276.41
164,714.35
159,122.39
153,500.37
147,848.13
142,165.51
136,452.35
130,708.48
124,933.74
119,127.96
113,290.97
107,422.61
0.00
Grand Totals 418,910.40 62,461.60 356,448.80
TEXTRON FINANCIAL
INSURANCE LETTER
TO: Customer Carlsbad Public Financing Authority, a Joint Powers Authority formed
Name: between the City of Carlsbad and the Carlsbad Municipal Water District
Insurance Co. Aa<v Rt'afc 5ffL)!c?rs Ins. Contact
Phone#
To whom it may concern:
You have entered into a Municipal Agreement (the "Agreement") with Textron Financial Corporation
("TFC") to finance the Equipment listed on the Schedule/Exhibit A to the Agreement and included with
this documentation package. The value of the Equipment $356,398.80.
Under the terms of Section 12 of the Agreement, you must provide insurance coverage for the Equipment.
Proof of coverage in the form of a certificate of insurance with the applicable criteria as shown below,
must be received by TFC upon your acceptance of the Equipment. If we have not received proof of
adequate insurance, TFC will purchase insurance covering the Equipment for TFC's benefit only
and at your expense. The monthly charge for this insurance wOl be added to your monthly invoice.
Please forward a certificate of insurance to TFC upon receipt of this request Please include therein
the standard 30-day notice of cancellation or non-renewal clause. In no event shall the policy be
invalidated as against TFC or its assigns for any violation of any term of the policy of the customer's
application therefore.
Special Form Property Including Theft
Policy Number
Effective and Expiration Dates
Equipment description = ATIMA
Notice of Cancellation
Textron Financial as a Loss Payee
Deductible $10.000 or Less
TFC acct #; 3110022167-1028441
Please fax the initial certificate to: Textron Financial Corporation at 706-560-6021 Attn: HRH-
GEFD
All renewals and other correspondence needs to be sent to: Textron Financial Corporation, 275 West Natick Rd.,
Suite 1000, Warwick, RJ 02886, attn; HRH-OEFD.
Thank you for your assistance in obtaining this coverage promptly. Do not hesitate to call us with any
questions.
Sincerely,
Textron Financial Corporation
M Idler (Muni>- US
UttFtntttonem
311002218T.102*441
COPY
Date:
Script for Verification of Equipment delivery and,
Verification completed by:
cpt or e
Xl I 7 !£?it' 7
terms for Textron Financial Corp:
Customer Name: Carlsbad Public Financing Authority, a Joint Powers Authority formed between the City of Carlsbad
and the Carlsbad Municipal Water District TFC Number: 3 1 1 0022 1 67 - 102844 1
Customer Phone Number: 7606022430
1. Your company hasjjntcred into a Municipal Lease with^Tcxtron Financial for E-Z-GO RXV E (1) (equipment)
2. Per JjAjf} r/^ry^ __ (Name) /^V JjS fa'ti^ _ (Title) received
~2 /td(Date ReJed)
3.r records indicate that the equipment has been deliytfred and accepted by you. Yes_
4. Is the billing address shown below correct? tXVes or _ No
Current Address:
5800 The Crossings Dr.
Attn: Dawn Snow - Controller
Carlsbad CA 92008
A/P Contact:
[f NO please provide correct billing address:
5. Please confirm the equipment is located in California (County), 5800 The Crossings Drive Carlsbad CA 92008
If the following questions are confirmed by a different customer contact then the one noted above, please provide
their name:
6. We would like to confirm with you that your first scheduled payment will be due on 2/15/2009 *
* (if applicable) Because of delays your first payment has been moved to . is this OK? Y N
Note: if not acceptable by the customer be sure to generate a manual invoice and tell the customer to mail payment
immediately.
Year
2009
2010
2011
2012
2013
Jan
<
6,477.30
6,477.30
6,477.30
6.477.30
Frt
6^fKKt
6,477.30
6.477.30
6,477.30
108,000.
00
M«r
6,477.30
6,477.30
6.477.30
6,477.30
Aw
6,477.30
6,477.30
6,477.30
6,477.30
May
6.477.30
6,477,30
6,477.30
6,477.30
Jun
6,477.30
6,477.30
6,477.30
8,477.30
Jul
6,477.30
6,477.30
6.477.30
6,477.30
Aua
6,477,30
6,477.30
6,477.30
6.477.30
S»D
6,477.30
6,477,30
6,477.30
6,477.30
Oct
6,477,30
6,477.30
6,477.30
6,477.30
New
6,477.30
6.477.30
6.477.30
6.47730
Doc
6,477.
30
6,477.
30
6.477.
30
6.477.
30
7. Resale Tax Certificate / State received: Yes.
if signature is required.
No N/A _-May need to fax one to customer
You will be receiving a welcome letter within the next couple of weeks. Also should you have a question, please feel free
to contact a customer service representative at the following toll-free number: 866/844-8398.
Thank you for financing your product with Textron Financial and if we can be of any further assistance, please let us
know.
Contact:
INSURANCE VERIFICATION: completed by V
Insurance Company:
Policy Number: Effective Date:.
Expiration Date:
(date/time)
Phone #:
Revised 10/2/2008