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HomeMy WebLinkAboutCity Council Committees - Operations Committee - 06/05/2018 (2) Unless otherwise noted, the Operations Committee meets at 4 p.m. on the first and third Tuesday of each month in Kent City Hall, Council Chambers East, 220 Fourth Avenue South, Kent, WA 98032. For additional information please contact Bonnie Peterson at 253-856-5705, or via email at BSPeterson@KentWA.gov. Any person requiring a disability accommodation should contact the City Clerk’s Office at 253-856-5725 in advance. For TDD relay service call Washington Telecommunications Relay Service at 7-1-1. Operations Committee Agenda Chair - Les Thomas Councilmembers - Bill Boyce, Dennis Higgins Derek Matheson, Chief Administrative Officer Tuesday, June 5, 2018 4:00 p.m. Item Description Action Speaker Time 1. Call to Order Chair Thomas 01 MIN. 2. Roll Call Chair Thomas 01 MIN. 3. Changes to the Agenda Chair Thomas 01 MIN. 4. Approval of Minutes dated May 15, 2018 YES 5. Approval of Check Summary Report dated 05/01/2018 - 05/15/2018 YES 6. Equipment Purchase Riverbend Golf Course YES Julie Parascondola 10 MIN. 7. Strategic Framework Resolution YES Derek Matheson 05 MIN. 8. Utility Ordinance Update YES Aaron BeMiller/ Patty Roseto 05 MIN. 9. Solid Waste Definitions YES Barbara Lopez 10 MIN. 10. Adjournment Chair Thomas 01 MIN. OPERATIONS COMMITTEE Derek Matheson, Chief Administrative Officer 220 Fourth Ave S Kent, WA 98032 256-856-5712 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Approval of Minutes dated May 15, 2018 MOTION: Move to approve the minutes dated May 15, 2018 ATTACHMENTS: 1. 051518 M (PDF) 4 Packet Pg. 2 Page 1 of 3 Pending Approval Operations Committee CC Ops Regular Meeting Minutes May 15, 2018 Date: May 15, 2018 Time: 4:00 PM Place: Chambers East Attending: Les Thomas, Committee Chair Bill Boyce, Councilmember Dennis Higgins, Councilmember Toni Troutner, Councilmember Agenda: 1. Call to Order 2. Roll Call Attendee Name Title Status Arrived Les Thomas Committee Chair Excused Bill Boyce Councilmember Present Dennis Higgins Councilmember Present Toni Troutner Councilmember Present 3. Changes to the Agenda No changes to the agenda. 4. Excused Absence for Councilmember Thomas - Approve MOTION: Move to approve excused absences for Councilmember Thomas for the meetings of May 1, 2018 and May 15, 2018. RESULT: APPROVED [UNANIMOUS] MOVER: Dennis Higgins, Councilmember SECONDER: Toni Troutner, Councilmember AYES: Boyce, Higgins, Troutner EXCUSED: Thomas 5. Approval of Minutes dated May 1, 2018 MOTION: Move to approve the minutes dated May 1, 2018 RESULT: APPROVED [UNANIMOUS] MOVER: Toni Troutner, Councilmember SECONDER: Dennis Higgins, Councilmember AYES: Boyce, Higgins, Troutner EXCUSED: Thomas 6. Approval of Check Summary Report dated 04/16/2018 - 04/30/2018 4.a Packet Pg. 3 At t a c h m e n t : 0 5 1 5 1 8 M ( 1 2 4 6 : A p p r o v a l o f M i n u t e s d a t e d M a y 1 5 , 2 0 1 8 ) Operations Committee CC Ops Regular Meeting Minutes May 15, 2018 Kent, Washington Page 2 of 3 MOTION: Move to approve the check summary report dated 04/16/2018 - 04/30/2018 RESULT: APPROVED [UNANIMOUS] MOVER: Dennis Higgins, Councilmember SECONDER: Toni Troutner, Councilmember AYES: Boyce, Higgins, Troutner EXCUSED: Thomas 7. Lobbyist Consultant Services Agreement - Recommend Chief Administrator Officer Derek Matheson explained that after 19 years of service to the City of Kent, Doug Levy of Outcomes by Levy ended his contract for state legislative lobbying services at the end of April. After consulting with Levy and members of Kent’s legislative delegation the Mayor’s office recommends Briahna Murray of the Tacoma firm Gordon Thomas Honeywell Government Affairs as the city’s new contract lobbyist. Murray introduced herself explaining her team approach which allows her to focus on larger jurisdictions. She reviewed her staff and their expertise. She is excited to be here. Higgins asked what her approach will be to the streamlined sales tax mitigation issue. Murray commented that the work that has already been done to date puts us in a great position. She will advocate that as a streamlined sales tax mitigation community, payments should continue until the city is made whole. Boyce commented he feels really good having Murray on board. She comes with great recommendations and has a very accomplished resume. MOTION: Recommend council authorize the Mayor to sign a consultant services agreement with Gordon Thomas Honeywell Government Affairs, subject to final terms and conditions acceptable to the Chief Administrative Officer and City Attorney. RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] MOVER: Toni Troutner, Councilmember SECONDER: Dennis Higgins, Councilmember AYES: Boyce, Higgins, Troutner EXCUSED: Thomas 8. Update Purchasing and Contracting Code Provisions – Ordinance Deputy City Attorney Tammy White presented an ordinance provisions with four primary revisions to the City’s current contracting code provisions 1. Technology Exception 4.a Packet Pg. 4 At t a c h m e n t : 0 5 1 5 1 8 M ( 1 2 4 6 : A p p r o v a l o f M i n u t e s d a t e d M a y 1 5 , 2 0 1 8 ) Operations Committee CC Ops Regular Meeting Minutes May 15, 2018 Kent, Washington Page 3 of 3 2. Contract Amendments 3. Reporting Requirement 4. Housing keeping changes Boyce asked for an example where collective bargaining comes into play. White explained currently, when an employee group reclassifies, HR prepares an MOU which goes from the Director to Law and then the Mayor. This change would allow for a cleaner process internally when changes to the union contracts occur. MOTION: Recommend Council adopt an ordinance that creates a competitive bid exception for technology contracts, clarifies authority concerning contract amendments, removes reporting requirements for some contracts and leases, and makes other minor housekeeping revisions. RESULT: RECOMMENDED TO COUNCIL [UNANIMOUS] MOVER: Dennis Higgins, Councilmember SECONDER: Toni Troutner, Councilmember AYES: Boyce, Higgins, Troutner EXCUSED: Thomas 9. Adjournment Committee Secretary 4.a Packet Pg. 5 At t a c h m e n t : 0 5 1 5 1 8 M ( 1 2 4 6 : A p p r o v a l o f M i n u t e s d a t e d M a y 1 5 , 2 0 1 8 ) FINANCE DEPARTMENT Aaron BeMiller, Finance Director 220 Fourth Avenue South Kent, WA 98032 253-856-5264 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Approval of Check Summary Report dated 05/01/2018 - 05/15/2018 MOTION: Move to approve the check summary report dated 05/01/2018 - 05/15/2018 5 Packet Pg. 6 PARKS, RECREATION AND COMMUNITY SERVICES DEPARTMENT Julie Parascondola 220 Fourth Avenue South Kent, WA 98032 253-856-5100 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Equipment Purchase Riverbend Golf Course MOTION: Recommend Council authorize the Parks Director to purchase maintenance equipment through a lease agreement made under the cooperative purchasing agreement the National Intergovernmental Purchasing Alliance has with The Toro Company, in an amount not to exceed $705,000 and authorize the Mayor to sign all necessary documents.” SUMMARY: In 2017, the Riverbend Golf Complex completed a 2018-2023 Business Plan to address long term sustainability and change of its business model, after the City authorized the sale of the Par 3 property at Riverbend Golf Course for $10,500,000 to Auburn-based FNW, Inc./Landmark Development Group for a mixed-use project. Included within this business plan was a recommended 2018- 2023 capital improvement plan, which included a $750,000 allocation for maintenance equipment replacement. Due to the lack of capital funding available for reinvestment, Riverbend Golf Complex’s maintenance equipment has far exceeded its useful life and is in dire need of replacement. Throughout the past decade, Riverbend has owned Toro equipment, has continued to utilize new Toro equipment models via test demos, rentals, etc. Toro is also well known both nationally and locally for the quality of their equipment, especially within the golf industry, with many municipal and private courses utilizing Toro equipment. The City of Mesa, AZ has publicly solicited and awarded an agreement for Parks and Golf Grounds Maintenance Equipment to The Toro Company. This cooperative purchasing agreement (Contract #2017025) is available to public and non-profit entities nationwide via National Intergovernmental Purchasing Alliance (National IPA), effective April 1, 2017 to April 1, 2022. The City of Kent is an active member of the National Intergovernmental Purchasing Alliance (National IPA) program. In an effort to disperse the demands on capital funds, Riverbend is opting to purchase the equipment through a 4-year lease to own agreement, based on Attachment 2, Payment Schedule to the May 17, 2018 to Master Equipment Lease Purchase Agreement Number 742593L by TCF Equipment Finance. After the 4-year term, total equipment purchase price (including 5.05% interest) will not exceed $705,000. 6 Packet Pg. 7 Equipment purchased is in accordance with Attachment 1 to the Schedule No. 008- 0742593-300 dated May 17, 2018 to Master Equipment Lease Purchase Agreement Number 742593L by TCF Equipment Finance, including: (2) Toro Reelmaster 3555-D Light Weight Fairway Mowers (2) Toro Groundmaster 4500-D Large Area Rough Mowers with Contour Mowing Decks (1) Toro Multi Pro 1750 Computerized Self-Contained Spray Vehicle (2) Toro Greenmaster 3320 Triflex Greens Mowers with additional accessories (2) Toro Greenmaster 3220 Triflex Tee and Approach Mowers with additional accessories (1) Toro Reelmaster 3100-D Surrounds Mower (Used around greens, tees and Bunkers) (1) Groundsmaster 3500-D Small Area Rough Mower with Contour Mowing Decks (1) Toro ProPass200 Wireless Computerized Pull-Behind Topdesser (1) Toro Sand Pro 5040 Bunker Rake (Riding) (1) Toro ProCore 648 Greens and Tee Aerifier (1) Toro Pro Force Debris Pull-Behind Blower (1) True Surface GCC Frames for Verti-Cutting and Brushing Greens (1) True Surface GCC Verti-Cutting Blade Inserts for Greens (1) Salsco HP11 Roller Greens Roller with attachments and accessories. All of the above equipment comes with the standard Toro two (2) year or 1,500 hour Parts and Labor Warranty with the exception of the ProCore 648 Aerifier which has a two (2) year or 500 hour warranty. The existing Riverbend golf course maintenance equipment will be salvaged and sent to auction in September. The new equipment purchased will be replacing the existing 18 year old maintenance equipment at the golf complex. The new equipment features several advances in technology that will increase efficiencies in; both mowing time and fuel savings, reduce down-time of equipment, and reduce maintenance and repair costs. In addition, the new equipment will create a more visually pleasing aesthetics to the golf course which will help to increase player satisfaction related to the overall course condition. EXHIBITS: Schedule No. 008-0742593-300 dated May 17, 2018 to Master Equipment Lease Purchase Agreement Number 742593L by TCF Equipment Finance. BUDGET IMPACT: Riverbend Golf Complex’s capital improvement budget. 6 Packet Pg. 8 SUPPORTS STRATEGIC PLAN GOAL: Thriving Neighborhoods and Urban Centers ATTACHMENTS: 1. Riverbend Master Equipment Lease Purchase Agreement Number 742593L (2) (PDF) 6 Packet Pg. 9 \ City of Kent, Washington 220 Fourth Ave. S Kent, WA 98032 RE: Schedule No. 008-0742593-300 to Master Equipment Lease Purchase Agreement Number 742593L Dear Sir or Madam: Thank you for choosing TCF Equipment Finance, a division of TCF National Bank for your capital equipment financing needs! Enclosed are the lease documents necessary to close the above mentioned transaction. The purpose of this letter is to provide you with step-by-step instructions as to what is required with respect to each document. At any time, if you have anv questions, please don't hesitate to contact Ben Stedman at (319) 226-1727 for assistance. A return FedEx air bill is provided for your convenience. Document Action Requiredr Master Equipment Lease Purchase Agreement Authorized Signafure of Lessee and Clerk or Secretary of Lessee; Clerk or Secretarv sisnature must be someone other than the person providinq Authorized Signature ofLessee r Schedule ofEquipment No. 008-0742593-300 o Attachment I to Schedule - Equipment Description r Attachment 2 to Schedule - Payment Schedule r Lessee's Closing Certificate Authorized Signature of Lessee Authorized Signature of Lessee Authorized Signature of Lessee Complete all blanks for Titles, Dates and Specimen Signatures of Authorized Signors; Provide contact information for invoicing and 8038 Lessee's Payment Instructions and Acceptance Certificate Authorized Signature of Lessee andDate upon Equipment Acceptance Essential Use Certificate Please provide the requested information and obtain Authorized Signature of Lessee Insurance Coverage Requirements Authorized Signature ofLessee; please also provide the name and contact information for your property and liability insurance carrier(s) Opinion of Counsel Opinion Letter must be reproduced in its entirety (with Lessee's legal name replacing the blank space in paragraph one) on Lessee's legal counsel's letterhead and signed by Lessee's legal counsel e Resolution Resolution must be certified by an Authorized Signature of Lessee as a copy ofresolution adopted by Lessee r IRS Form 8038 Please consult Lessee's tax or financial professional regarding completion and provide a copy ofthe filed form a a a a Escrow Agreement and/or State Rider (if applicable) Other Items Needed From Lessee: Authorized Signature of Lessee, if applicablea Mui Le6e M6ter_ Coverltr v 04.20.2016 353877 5lIT2OI8 1:01 lM Initial Payment (ifapplicable) as Indicated on TCF Invoice 6.a Packet Pg. 10 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Master Equipment Lease Purchase Agreement Number 742593L Dated May 17,2018 'oLessee" City of Kent, Washington,220 Fourth Ave. S, Kent, WA 98032 Fax:E-mail ttLgssortt TCF Equipment Finance, a division of TCF National Bank, 1111 West San Marnan Dr, Suite A2 West, Waterloo, IA 50701- 8926 Fax: 319-833-4577 E-mail: customerseryice@financediv.com \tcf e.quipment ttnance MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO. 742593L RECITALS: l. Lessee desires to lease certain property from the Lessor described in the schedules to this Agreement that are to be executed from time to time by the parties hereto (such schedules, whether now or hereafter executed, are hereby incorporated herein and are hereinafter collectively refened to as the "Schedules," and the items of property leased to Lessee hereunder, together with all substitutions, proceeds, replacement parts, repairs, additions, attachments, accessories and replacements thereto, thereof or therefor, are hereinafter collectively refened to as the "Equipment") subject to the terms and conditions of and for the purposes set forth in this Agreement. 2. The relationship between the parties shall be a continuing one and items of property may be added to or deleted from the Equipment from time to time by execution of additional Schedules by the parties hereto and as otherwise provided herein. 3. Lessee is authorized under the constitution and laws of the State to enter into this Agreement for the purposes set forth herein. NOW, THERtrFORE, for and in consideration ofthe premises hereinafter contained, the parties hereby agree as follows: ARTICLE I DEFINITIONS Section 1.01. Definitions. The following terms will have the meanings indicated below unless the context clearly requires otherwise: "Agreement" means this Master Equipment Lease Purchase Agreement No. 742593L including the Schedules and any other schedule, exhibit or escrow agreement made a part hereof by the parties hereto, together with any amendments to this Agreement. "Codet' means the Internal Revenue Code of 1986, as amended. "Commencement Date" means, with respect to any Schedule, the date when the term of this Agreement with respect to that Schedule and Lessee's obligation to pay rent under that Schedule commence, which date (a) Lessee hereby authorizes Lessor to fill in on the executed payment scheduled attached to each Schedule, and (b) shall be the earlier of (i) the date on which the Equipment listed in that Schedule is accepted by Lessee in the manner described in Section 5.01, or (iD the date on which sufficient moneys to purchase the Equipment listed in that Schedule are deposited for that purpose with an escrow agent. "Equipment" means the property described in a Schedule and all replacements, substitutions, repairs, restorations, modifications, attachments, accessions, additions and improvements thereof or thereto. Whenever reference is made in this Agreement to Equipment listed in a Schedule, that reference shall be deemed to include all replacements, repairs, restorations, modifications and improvements of or to that Equipment. "Event of Default" means, with respect to any Lease, an Event of Default described in Section 12.01. ttlssuance Yeart' is the calendar year in which the Commencement Date occurs. "Leaset'means an individual Schedule and this Agreement. Mwi Lease Mster Lese ver. 05.l6.l'7 353877 61512017 ll:56 I!;JI Pagelof13 6.a Packet Pg. 11 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f "Lease Term" means, with respect to any Lease, the Original Term and all Renewal Terms of that Lease, but ending on the occurrence ofthe earliest event specified in Section 3.03. "Lessee" means the entity described as such in the header ofthis Agreement, its successors and its assigns. '(Lessor" means, with respect to each Schedule and the Lease of which that Schedule is a part, (i) if Lessor's interest in, to and under that Schedule has not been assigned pursuant to Section 11.01, the entity described as such in the header ofthis Agreement or its successor, or (ii) if Lessor's interest in, to and under that Schedule has been assigned pursuant to Section 11.01, the assignee thereofor its successor. '6Maximum Lease Term" means, with respect to any Lease, the Original Term and all Renewal Terms through the Renewal Term including the last Rental Payment Date set forth on the Schedule that is part of that Lease. J'Net Proceeds" means the amount remaining from the gross proceeds of any insurance claim or condemnation award after deducting all expenses (including attorneys' fees) incurred in the collection ofsuch claim or award. "Original Term" means, with respect to any Lease, the period from the first Commencement Date for any Schedule under that Lease until the end of the fiscal year of Lessee in effect at that Commencement Date. "Purchase Price" means the amount set forth on any Schedule that Lessee may, at its option, pay to Lessor to purchase the Equipment listed on that Schedule. "Renewal Terms" means, with respect to any Lease, the optional renewal terms of that Lease, each having a duration of one year and a term co-extensive with Lessee's fiscal year. "Rental Payment Datestt means the dates set forth in the Schedules on which Rental Payments are due. "Rental Payments" means the basic rental payments payable by Lessee pursuant to Section 4.01. "Schedulet'means any schedule to this Agreement, executed from time to time by the parties hereto. "State" means the State of Lessee's organization. "Vendort' means a manufacturer of Equipment as well as the agents or dealers of the manufacturer from whom Lessor purchased or is purchasing Equipment. ARTICLE II REPRESENTATIONS AND COVENANTS OF' LESSEE Section 2.01. Lessor as follows: Representations and Covenants of Lessee. Lessee represents, warrants and covenants for the benefit of (a) Lessee is a political subdivision duly organized and existing under the constitution and laws ofthe State. Lessee will do or cause to be done all things to preserve and keep in full force and effect its existence as a body corporate and politic. Lessee has a substantial amount of one or more of the following sovereign powers: (a) the power to tax, (b) the power of eminent domain, and (c) police power. (b) Lessee is authorized under the constitution and laws of the State to enter into this Agreement and the transaction contemplated hereby and to perform all ofits obligations hereunder. (c) Lessee has been duly authorized to execute and deliver this Agreement by proper action and approval of its goveming body at a meeting duly called, regularly convened and attended throughout by a requisite majority of the members thereof or by other appropriate official approval. (d) This Agreement constitutes the legal, valid and binding obligation of Lessee enforceable in accordance with its terms, except to the extent limited by applicable bankruptcy, insolvency, reorganization or other laws affecting creditors' rights generally. Mui_Lease,M6ter Lede ver. 05. I 6. I 7 3 53 877 61512017 Il:56 ANI Page 2 of l3 6.a Packet Pg. 12 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f (e) No event or condition that constitutes, or with the giving of notice or the lapse of time or both would constitute, an Event ofDefault exists at the date hereof. (0 Lessee has, in accordance with the requirements of law, fully budgeted and appropriated sufficient funds for the current fiscal year to make the Rental Payments scheduled to come due during the cunent fiscal year and to meet its other obligations under this Agreement, and such funds have not been expended for other purposes. (g) Lessee has complied with such public bidding requirements as may be applicable to this Agreement and the acquisition by Lessee ofthe Equipment hereunder. (h) There is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, public board or body, pending or threatened against or affecting Lessee, nor to the best knowledge ofLessee is there any basis therefor, wherein an unfavorable decision, ruling or finding would materially adversely affect the transactions contemplated by this Agreement or any other document, agreement or certificate which is used or contemplated for use in the consummation of the transactions contemplated by this Agreement or materially adversely affect the financial condition or properties ofLessee. (i) All authorizations, consents and approvals of govemmental bodies or agencies required in connection with the execution and delivery by Lessee of this Agreement or in connection with the carrying out by Lessee of its obligations hereunder have been obtained. (j) The entering into and performance of this Agreement or any other document or agreement contemplated hereby to which Lessee is or is to be a party will not violate any judgment, order, law or regulation applicable to Lessee or result in any breach of, or constitute a default under, or result in the creation of any lien, charge, security interest or other encumbrance on any assets ofLessee or the Equipment pursuant to any indenture, mortgage, deed oftrust, bank loan or credit agreement or other instrument to which Lessee is a party or by which it or its assets may be bound, except as herein provided. (k) The Equipment is essential to the function of Lessee or to the service Lessee provides to its citizens. Lessee has an immediate need for, and expects to make immediate use of, substantially all the Equipment, which need is not temporary or expected to diminish in the foreseeable future. The Equipment will be used by Lessee only for the purpose of performing one or more of Lessee's governmental or proprietary functions consistent with the permissible scope of Lessee's authority. 0) Neither the payment of the Rental Payments hereunder nor any portion thereof is (i) secured by any interest in property used or to be used in a trade or business of a non-exempt person (within the meaning of Section 1 03 ofthe Code) or in payments in respect of such property or (ii) derived from payments in respect of property, or borrowed money, used or to be used in a trade or business of a non-exempt person (within the meaning of Section 103 of the Code). No portion of the Equipment will be used directly or indirectly in any trade or business carried on by any non-exempt person (within the meaning of Section 103 of the Code). (m) Lessee will comply with all applicable provisions of the Code, including without limitation Sections 103 and l4l-150 thereof, and the applicable regulations ofthe Treasury Department that relate to each Lease in order to establish and maintain the exclusion of the interest components of Rental Payments from gross income for purposes of federal income taxation. In furtherance ofthe foregoing, Lessee covenants and agrees to prepare (or engage a tax professional to prepare on Lessee's behalf) and file all necessary informational retums on a timely basis with the IRS, including, but not ii-it.a to, IRS Series 8038 Forms, which must generally be filed on or before the 15ft of the 2nd calendar month after the close of the calendar quarter in which the Commencement Date occurs. Lessee agrees to provide Lessor with copies of all such filed returns relating to each Lease contemporaneously with their filing. If Lessee fails to file the necessary informational returns with the IRS on a timely basis, Lessee hereby authorizes Lessor to engage a tax professional of Lessor's choosing to complete the required retums on Lessee's behalf and at Lessee's expense, which Lessee agrees to execute and file. If Lessee files informational returns containing incorrect or incomplete information, Lessee hereby authorizes Lessor to engage a tax professional of Lessor's choosing to file an amendment to the incorrect or incomplete informational return on Lessee's behalfand at Lessee's expense, which Lessee agrees to execute and file. (n) Lessee will use the proceeds of this Agreement as soon as practicable and with all reasonable dispatch for the purpose for which this Agreement has been entered into. No part of the proceeds of this Agreement will be invested in any securities, obligations or other investments or used, at any time, directly or indirectly, in a manner which, if such use had been reasonably anticipated on the date of issuance of this Agreement, would have caused any portion of this Mui Lease M6ter Le6e ver. 05. I 6.17 353877 6/5/2017 I l:56 AM Page 3 of l3 6.a Packet Pg. 13 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Agreement to be or become "arbitrage bondsn' within the meaning of Section 103(bX2) or Section 148 of the Code and the applicable regulations of the Treasury Department. (o) Lessee represents and warrants that it is a governmental unit under the laws of the State; this Agreement is not a private activity bond as defined in Section 141 of the Code, and 95%o or more of the net proceeds of this Agreement will be used for local governmental activities ofl-essee. (p) Lessee has never failed to pay payments coming due under any bond issue, lease purchase agreement or other indebtedness obligation of Lessee. (q) The useful life of the Equipment will not be less than the Maximum Lease Term. G) The application, statements and credit or financial information reviewed by Lessor are true and correct and made to induce Lessor to enter into this Agreement and the escrow agreement, if any, and Lessee has experienced no material change in its financial condition since the date(s) of such information. (s) Lessee shall pay the excess (if any) of the actual costs of acquiring the Equipment under the Agreement over the amount deposited by Lessor in the escrow fund, if any, established under any related escrow agreement and interest eamings thereon. (t) Lessee understands and acknowledges that Lessor has not acted and will not act as a fiduciary for Lessee or as Lessee's agent or municipal advisor; Lessor has not and will not provide financial, legal, tax, accounting or other advice to Lessee or to any financial advisor or placement agent engaged by Lessee with respect to this Agreement. Lessee, its financial advisor, placement agent or municipal advisor, if any, shall each seek and obtain its own financial, legal, tax, accounting and other advice with respect to this Agreement from its own advisors (including as it relates to structure, timing, terms and similar matters). Section 2.02. Conditions to Lessorts Performance under Schedules. As a prerequisite to the performance by Lessor of any of its obligations pursuant to the execution and delivery of any Schedule, Lessee shall deliver to Lessor the following: (a) An Opinion of Counsel to Lessee, in form and substance acceptable to Lessor in its sole discretion, respecting such Schedule. (b) A Lessee's Closing Certificate executed by the Clerk or Secretary or other comparable officer oflessee, in form and substance acceptable to Lessor in its sole discretion, completed to the satisfaction ofLessor. (c) An Essential Use Certificate executed by a duly authorized officer ofLessee, in form and substance acceptable to Lessor in its sole discretion, completed to the satisfaction of Lessor. (d) All documents, including financing statements, affidavits, notices and similar instruments, in form satisfactory to Lessor, which Lessor deems necessary or appropriate at that time pursuant to Section 6.02. (e) Such other items, if any, as are set forth in such Schedule or are reasonably required by Lessor. This Agreement is not a commitment by Lessor to enter into any Schedule not cunently in existence, and nothing in this Agreement shall be construed to impose any obligation upon Lessor to enter into any proposed Schedule, it being understood that whether Lessor enters into any proposed Schedule shall be a decision solely within Lessor's discretion. Lessee will cooperate with Lessor in Lessor's review of any proposed Schedule. Without limiting the foregoing, Lessee will provide Lessor with any documentation or information Lessor may request in connection with Lessor's review of any proposed Schedule. Such documentation may include, without limitation, documentation concerning the Equipment and its contemplated use and location and documentation or information conceming the financial status of Lessee and other matters related to Lessee. ARTICLE III LEASE OF'EQUIPMENT Section 3.01. Lease of Equipment. Lessor hereby demises, leases and lets to Lessee, and Lessee rents, leases and hires from Lessor, the Equipment listed in each Schedule in accordance with the provisions of this Agreement and that Schedule for the Lease Term for the Lease ofwhich that Schedule is a part. Mmi Lease M6ter Le6e ver. 05.16.17 353871 6/512017 11156 AM Page 4 of l3 6.a Packet Pg. 14 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Section 3.02. Lease Term. The Original Term of each Lease will commence on the Commencement Date and will terminate on the last day of Lessee's current fiscal year. The Lease Term for each Lease may be continued, solely at the option of Lessee, at the end of the Original Term or any Renewal Term for an additional Renewal Term up to the Maximum Lease Term for that Lease. At the end of the Original Term and at the end of each Renewal Term until the Maximum Lease Term has been completed for a Lease, Lessee will be deemed to have exercised its option to continue that Lease for the next Renewal Term unless Lessee has terminated that Lease pursuant to Section 3.03 or Section 10.01. The terms and conditions during any Renewal Term will be the same as the terms and conditions during the Original Term, except that the Rental Payments will be as provided in the Schedules. Section 3.03. Termination of Lease Term. The Lease Term for each Lease will terminate upon the earliest of any of the following events: (a) the expiration of the Original Term or any Renewal Term of that Lease and the nonrenewal of that Lease in the event ofnonappropriation offunds pursuant to Section 3.05; (b) the exercise by Lessee of the option to purchase the Equipment granted under that Lease under the provisions of Article X and payment of the Purchase Price and all amounts payable in connection therewith; (c) a default by Lessee and Lessor's election to terminate that Lease under Article XII; or (d) the payment by Lessee of all Rental Payments required to be paid by Lessee under that Lease when such payments are due through the expiration ofthe Maximum Lease Term. Section 3.04. Continuation of Lease Term. Lessee cunently intends, subject to the provisions of Section 3.05 and Section 4.04, to continue the Lease Term for each Lease through the Original Term and all of the Renewal Terms and to pay the Rental Payments hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to make all Rental Payments during the Maximum Lease Term for each Lease can be obtained. The responsible financial officer of Lessee will do all things lawfully within his or her power to obtain and maintain funds from which the Rental Payments may be made, including making provision for such Rental Payments to the extent necessary in each proposed annual budget submitted for approval in accordance with applicable procedures oflessee and to exhaust all available reviews and appeals in the event such portion ofthe budget is not approved. Notwithstanding the foregoing, the decision whether or not to budget or appropriate funds or to extend a Lease for any Renewal Term is solely within the discretion of the then current governing body of Lessee. Section 3.05. Nonappropriation. Lessee is obligated only to pay such Rental Payments under this Agreement as may lawfully be made from funds budgeted and appropriated for that purpose during Lessee's then current fiscal year. In the event sufficient funds will not be appropriated or are not otherwise legally available to pay the Rental Payments required to be paid under a Lease in the next occuning Renewal Term, that Lease will be deemed to be terminated at the end of the then current Original Term or Renewal Term. Lessee agrees to deliver notice to Lessor of such termination at least 90 days prior to the end of the then current Original Term or Renewal Term, but failure to give such notice will not extend the Lease Term beyond such Original Term or Renewal Term. If a Lease is terminated in accordance with this Section, Lessee agrees, at Lessee's cost and expense, to peaceably deliver the Equipment then subject to that Lease to Lessor at the location or locations specified by Lessor. ARTICLE IV RENTAL PAYMENTS Section 4.01. Rental Payments. Lessee will pay Rental Payments, exclusively from legally available funds, in lawful money of the United States of America to Lessor in the amounts and on the dates set forth in the Schedules without notice or demand. Rental Payments will be in consideration for Lessee's use of the Equipment during the fiscal year in which such payments are due. Any Rental Payment not received on or before its due date will be assessed a late payment fee of l|Yo or the maximum amount permitted by law, whichever is less, from its due date. Lessee agrees to pay Lessor a fee, in an amount determined by Lessor, not to exceed the maximum amount from time to time permitted by applicable law, for any check or automatic payment withdrawal request that is returned to Lessor because of insuffrcient funds available in Lessee's account or a stop payment. In the event that it is determined that any of the interest components of Rental Payments may not be excluded from gross income for purposes of federal income taxation, Lessee agrees to pay to Lessor promptly after any such determination and on each Rental Payment Date thereafter an additional amount determined by Lessor to compensate Lessor for the loss of such excludability (including without limitation, compensation relating to interest expense, penalties or additions to tax), which determination shall be conclusive absent manifest error. Mui_Lease_Mdter Leoe ver. 05.16.17 3538'17 61512017 Il:56 r'n.i Page5ofl3 6.a Packet Pg. 15 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Section 4.02. Interest Component. As set forth on the payment schedules attached to the Schedules, a portion of each Rental Payment is paid as, and represents payment of, interest. Section 4.03. Rental Payments To Be Unconditional. Except as provided in Section 3.05, the obligations of Lessee to make Rental Payments and to perform and observe the other covenants and agreements contained herein shall be absolute and unconditional in all events without abatement, diminution, deduction, set-off or defense, for any reason, including without limitation any failure of the Equipment to be delivered or installed, any defects, malfunctions, breakdowns or infirmities in the equipment or any accident, condemnation or unforeseen circumstances. Section 4.04. Rental Payments to Constitute a Current Expense of Lessee. The obligation of Lessee to pay Rental Payments hereunder will constitute a current expense of Lessee, are from year to year and do not constitute a mandatory payment obligation of Lessee in any fiscal year beyond the then current fiscal year of Lessee. Lessee's obligation hereunder will not in any way be construed to be an indebtedness of Lessee in contravention of any applicable constitutional, charter or statutory limitation or requirement conceming the creation of indebtedness by Lessee, nor will anything contained herein constitute a pledge of the general credit, tax revenues, funds or moneys of Lessee. ARTICLE V EQUIPMENT Section 5.01. Delivery, Installation and Acceptance of the Equipment. Lessee will order the Equipment, cause the Equipment to be delivered and installed at the location specified in the applicable Schedule and pay any and all costs, charges, expenses and obligations of every kind and nature incurred regarding the importation, shipment, delivery, possession, use, lease, return, repossession, storage and transfer of any of Equipment. When the Equipment listed in any Schedule has been delivered and installed, Lessee will immediately inspect such Equipment and accept such Equipment after Lessee, in its sole discretion, determines that such Equipment is satisfactory, and evidence said acceptance by executing and delivering to Lessor an acceptance certificate in form and substance acceptable to Lessor. After it has been installed, the Equipment will not be moved from the location specified in the applicable Schedule, or if rolling stock, its permanent base will not be changed, without Lessor's consent, which consent will not be unreasonably withheld. If Lessor, in its discretion, pays any tax, fee, charge or other amount described in this paragraph, Lessee shall reimburse Lessor therefor on demand, together with Lessor's administrative and other costs of paying and invoicing such amounts and, if Lessee fails to pay Lessor any such amount within ten (10) days of such demand, Lessee shall pay interest thereon until paid at the rate of 18Yo per annum or the maximum rate allowable by law, whichever is less. Section 5.02. Enjoyment of Equipment. Lessor hereby covenants to provide Lessee with quiet use and enjoyment of the Equipment during the Lease Term, and Lessee will peaceably and quietly have and hold and enjoy the Equipment during the Lease Term, without suit, trouble or hindrance from Lessor, except as otherwise expressly set forth in this Agreement. Section 5.03. Right of Inspection. Lessor will have the right at all reasonable times during regular business hours to enter into and upon the property ofLessee for the purpose ofinspecting the Equipment. Section 5.04. Use of the Equipment. Lessee will not install, use, operate or maintain the Equipment improperly, carelessly, in violation of any applicable law or in a manner contrary to that contemplated by this Agreement. Lessee will obtain all permits and licenses, if any, necessary for the installation and operation of the Equipment. In addition, Lessee agrees to comply in all respects (including, without limitation, with respect to the use, maintenance and operation of each item of the Equipment) with all applicable laws, regulations and rulings of any legislative, executive, administrative or judicial body; provided, however, that Lessee may contest in good faith the validity or application of any such law, regulation or ruling in any reasonable manner that does not, in the opinion ofLessor, adversely affect the interest ofLessor in and to the Equipment or its interest or rights under this Agreement. Section 5.05. Maintenance of f,quipment; Alterations. Lessee agrees that it will, at Lessee's own cost and expense, maintain, preserve and keep the Equipment in good repair, working order and condition. Lessor will have no responsibility to maintain, repair or make improvements or additions to the Equipment. If any item of Equipment is such as is customarily covered by a maintenance contract, Lessee will enter into a maintenance contract for that Equipment with the applicable Vendor. Lessee will not make any alterations, additions or improvements to the Equipment without Lessor's prior written consent unless such alterations, additions or improvements may be readily removed without damage to the Equipment. ARTICLE VI TITLE TO EQUIPMENT; SECURITY INTEREST Section 6.01. Title to the Equipment. During the Lease Term, title to the Equipment and any and all additions, repairs, replacements or modifications will vest in Lessee, subject to the rights of Lessor under this Agreement; provided that title to the Mmi_Lease_Mdter Le6e ver. 05. 16.17 153877 6/512017 11:56 lM Page 6 of 13 6.a Packet Pg. 16 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Equipment that is subject to any Lease will thereafter immediately and without any action by Lessee vest in Lessor, and Lessee will immediately sunender possession of the Equipment to Lessor upon (a) any termination of that Lease other than termination pursuant to Section 10.01 (including but not limited to any termination pursuant to Section 3.05) or (b) the occurrence of an Event of Default with respect to that Lease. It is the intent of the parties hereto that any transfer of title to Lessor pursuant to this Section will occur automatically without the necessity of any bill of sale, certificate of title or other instrument of conveyance . Lessee will, nevertheless, execute and deliver any such instruments as Lessor may request to evidence such transfer. Lessee, irrevocably designates, makes, constitutes and appoints Lessor and its assignee as Lessee's true and lawful attorney (and agent in-fact) with power, at such time of termination or times thereafter as Lessor in its sole and absolute discretion may determine, in Lessee's or Lessor's or such assignee's name, to endorse the name of Lessee upon any bill of sale, document, instrument, invoice, freight bill, bill of lading or similar document relating to the Equipment in order to vest title in Lessor and transfer possession to Lessor. Section6.02. Securitylnterest. TosecurethepaymentofallofLessee'sobligationsunderthisAgreementandtotheextent permitted by law, Lessee grants to Lessor a first and prior security interest in the Equipment and on all additions, attachments and accessions thereto and substitutions therefor and proceeds therefrom. Lessee agrees to execute such additional documents in form satisfactory to Lessor, that Lessor deems necessary or appropriate to establish and maintain its security interest. Lessee agrees that financing statements may be filed with respect to the security interest in the Equipment created herein. As further security therefor, Lessee grants to Lessor a first priority security interest in the cash and negotiable instruments from time to time comprising each escrow fund established under any related escrow agreement and all proceeds (cash and non- cash) thereof, and agrees with respect thereto that Lessor shall have all the rights and remedies of a secured party. Section 6.03. Personal Property. Lessor and Lessee agree that the Equipment is and will remain personal property. The Equipment will not be deemed to be affixed to or a part of the real estate on which it may be situated, notwithstanding that the Equipment or any part thereof may be or hereafter become in any manner physically affixed or attached to such real estate or any building thereon. Upon the request of Lessor, Lessee will, at Lessee's expense, fumish a waiver of any interest in the Equipment from any party having an interest in any such real estate or building. ARTICLE VII ADDITIONAL COVENANTS Section 7.01. Liens, Taxes, Other Governmental Charges and Utility Charges. Lessee will keep the Equipment free and clear of all liens, charges and encumbrances, except those created under this Agreement. The parties to this Agreement contemplate that the Equipment will be used for a governmental or proprietary purpose of Lessee and, therefore, that the Equipment will be exempt from all property taxes and other similar charges. If the use, possession or acquisition of the Equipment is found to be subject to taxation in any form, Lessee will pay all taxes and governmental charges lawfully assessed or levied against or with respect to the Equipment. Lessee will pay all utility and other charges incurred in the use and maintenance of the Equipment. Lessee will pay such taxes and charges as the same become due; provided that, with respect to any such taxes and charges that may lawfully be paid in installments over a period of years, Lessee will be obligated to pay only such installments that accrue during the Lease Term. Section 7.02. Insurance. At its own expense, Lessee will maintain (a) casualty insurance insuring the Equipment against loss or damage by fire and all other risks covered by the standard extended coverage endorsement then in use in the State and any other risks reasonably required by Lessor in an amount at least equal to the then applicable Purchase Price ofthe Equipment, and (b) liability insurance that protects Lessor from liability in all events in form and amount satisfactory to Lessor with a minimum limit of $1,000,000.00 combined single limit or such greater amount as may be prescribed by any applicable state law specifuing minimum insurance requirements; provided that, with Lessor's prior written consent, Lessee may self-insure against the risks described in clauses (a) and (b) of this Section. If required by Lessor, Lessee shall also provide to Lessor payment and performance bonds naming Lessor as a dual obligee and issued by a surety company rated "A" or better by AM Best. All insurance proceeds from casualty losses will be payable as hereinafter provided. Lessee will furnish to Lessor certificates evidencing such coverage throughout the Lease Term. All such casualty and liability insurance will be with insurers that are acceptable to Lessor, will name Lessor as a loss payee and additional insured and will contain a provision to the effect that such insurance will not be cancelled or modified materially without first giving written notice thereof to Lessor at least thirty days in advance of such cancellation or modification. All such casualty insurance will contain a provision making any losses payable to Lessee and Lessor, as their respective interests may appear. Section 7.03. Advances. In the event Lessee fails to maintain the insurance required by this Agreement, pay taxes or charges required to be paid by it under this Agreement or fails to keep the Equipment in good repair and operating condition, Lessor may (but will be under no obligation to) purchase the required policies of insurance and pay the cost of the premiums thereof pay such Mui Lease M6ter Le6e ver. 05. I 6.17 353877 615/201'1 | 1:56 ANl Page 7 of l3 6.a Packet Pg. 17 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f taxes and charges and make such Equipment repairs or replacements as are necessary and pay the cost thereof. All amounts so advanced by Lessor will become additional rent for the then current Original Term or Renewal Term. Lessee agrees to pay such amounts with interest thereon from the date paid at the rate of 18% per annum or the maximum permitted by law, whichever is less. Section 7.04. Financial Information. Lessee will annually provide Lessor with current financial statements, budgets and proofs of appropriation for the ensuing fiscal year and such other financial information relating to the ability of Lessee to continue this Agreement as may be requested by Lessor. Section 7.05. Release and Indemnification. Lessee assumes all risks and liabilities, whether or not covered by insurance, for loss or damage to the Equipment and for injury to or death of any person or damage to any property whether such injury or death be with respect to agents or employees of Lessee or of third parties, and whether such property damage be to Lessee's property or the property of others which is proximately caused by the negligent conduct of Lessee, its officers, employees or agents. To the extent permitted by law, Lessee will indemnifu, protect and hold harmless Lessor from and against any and all liability, obligations, losses, claims and damages whatsoever, regardless of cause thereof, and expenses in connection therewith (including, without limitation, counsel fees and expenses and any federal income tax and interest and penalties connected therewith imposed on interest received) arising out of or as the result of (a) the entering into this Agreement, (b) the ownership of any item of Equipment, (c) the manufacfuring, ordering, acquisition, maintenance, use, operation, condition, purchase, delivery, rejection, storage or return of any item ofthe Equipment, (d) any accident in connection with the operation, maintenance, use, condition, possession, storage or return ofany item ofEquipment resulting in damage to property or injury or death to any person or (e) the breach of any covenant herein or any material misrepresentation contained herein. The indemnification arising under this paragraph will continue in full force and effect notwithstanding the full payment of all obligations under this Agreement or the termination of any Lease Term for any reason. ARTICLE VIII DAMAGE, DESTRUCTION AND CONDEMNATION; USE OF NET PROCEEDS Section 8.01. Risk of Loss. Lessee assumes, ftom and including the Commencement Date, all risk of loss of or damage to the Equipment from any cause whatsoever. No such loss of or damage to the Equipment nor defect therein nor unfitness or obsolescence thereof will relieve Lessee of the obligation to make Rental Payments or to perform any other obligation under this Agreement. Section 8.02. Damage, Destruction and Condemnation; Use of Net Proceeds. If (a) the Equipment or any portion thereof is destroyed, in whole or in part, or is damaged by fire or other casualty, or (b) title to, or the temporary use of, the Equipment or any part thereofor the interest ofLessee or Lessor in the Equipment or any part thereofwill be taken under the exercise ofthe power of eminent domain by any governmental body or by any person, firm or corporation acting under governmental authority, Lessee and Lessor will cause the Net Proceeds of any insurance claim or condemnation award to be applied to the prompt replacement, repair, restoration, modification or improvement ofthe Equipment, unless Lessee has exercised its option to purchase the Equipment pursuant to Section 10.01. Any balance of the Net Proceeds remaining after such work has been completed will be paid to Lessee. Section 8.03. Insufficiency of Net Proceeds. If the Net Proceeds are insufficient to pay in full the cost of any repair, restorationo modification or improvement referred to in Section 8.02, Lessee will either (a) complete such replacement, repair, restoration, modification or improvement and pay any costs thereof in excess of the amount of the Net Proceeds, or (b) puichase Lessor'sinterestintheEquipmentpursuanttoSectionl0.0l. IfLesseewill makeanypaymentspursuanttothisSection,Lessee will not be entitled to any reimbursement therefor from Lessor nor will Lessee be entitled to any diminution of the amounts payable under Article IV. ARTICLE IX WARRANTIES Section 9.01. Disclaimer of Warranties. LESSOR MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, AS TO THE VALUE, DESIGN, CONDITION, MERCHANTABILITY OR FITNESS FOR PARTICULAR ASE OR PUWOSE OF THE EQUIPMENT OR AGAINST INFRINGEMENT, OR ANY OTHER WARRANTY OR REPRESENTATION WITH RESPECT THERETO. LESSEE HEREBY WAIVES ANY CLAIM IT MIGHT HAVE AGAINST LESSOR FOR ANY LOSS, DAMAGE OR EXPENSE CAASED BY THE EQUIPMENT OR BY ANY DEFECT THEREIN, OR BY THE USE OR MAINTENANCE OF, OR SERVICING OR ADJUSTMENT TO, THE EQUIPMENT AND, AS TO LESSOR, LEASES THE EQUIPMENT AS-IS AND WITH ALL FAULTS AND WITHOUT WARMNTY OF ANY KIND. IN NO EVENT SHALL LESSOR BE LIABLE FOR ANY ACTUAL, INCIDENTAL, INDIRECT, SPECIAL OR Mwi Lease M6ter LeNe ver. 05. I 6.17 353877 615/2017 11:56 ANI Page 8 of l3 6.a Packet Pg. 18 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f CONSEQUENTIAL DAMAGE IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR THE EXISTENCE, FARNISHING, FUNCTIONING OR LESSEE'S U,S' OR MAINTENANCE OF ANY EQUIPMENT OR SERVICES PROVIDED FOR IN THIS AGREEMENT. Section 9.02. Vendorts Warranties. Lessee acknowledges that Lessor is not a dealer or manufacturer of Equipment of any kind and is not the seller of the Equipment, and that each unit of Equipment is of a type, size, design and capacity selected solely by Lessee. Lessee also acknowledges that Lessor finances the Equipment without any obligation to install, test, erect, service or maintain the Equipment. The only warranty applicable to any Equipment is the Vendor's warranty and Lessor makes no warranty of any kind to Lessee. Lessee may have rights under the contraat evidencing the purchase of the Equipment; Lessee is advised to contact the applicable Vendor for a description of any such rights. To the extent such warranties are transferable and so long as an Event of Default has not occurred and is not continuing hereunder, Lessor hereby assigns to Lessee during the Lease Term all warranties running from Vendor to Lessor and during such time Lessee may assert from time to time whatever claims and rights (including without limitation wananties) related to the Equipment that Lessor may have against the Vendor. Lessee's sole remedy for the breach of any such warranty, indemnification or representation will be against the Vendor, and not against Lessor. Any such matter will not have any effect whatsoever on the rights and obligations of Lessor with respect to this Agreement, including the right to receive full and timely payments hereunder. Lessee expressly acknowledges that Lessor makes, and has made, no representations or warranties whatsoever as to the existence or availability of such warranties by the Vendor. Lessee acknowledges that each Lease constitutes a "finance lease" under UCC Article 2A in all respects, and that Lessor's sole obligations to Lessee under each Lease is not to interfere with Lessee's quiet enjoyment of the Equipment so long as Lessee is not in default thereunder. Subject to the foregoing sentence and to the extent permitted by law, Lessee unconditionally and irrevocably waives any and all rights and remedies against Lessor at law or in equity (including, without limitation, any rights and remedies granted Lessee under Article 24. of the Uniform Commercial Code and/or the right to reject any Equipment or repudiate each Lease). Lessee agrees that Lessor assumes no liability for and makes no representation as to the treatment by Lessee of each Lease, the Equipment or the Rental Payments for financial statement or tax purposes. ARTICLE X OPTION TO PURCHASE Section 10.01. Purchase Option. Provided no Event of Default has occurred hereunder, Lessee will have the option to purchase the Equipment listed in any Schedule, in whole, but not in part, upon giving written notice to Lessor at least 30 days before the date of purchase, at the following times and upon the following terms: (a) On any Rental Payment Date, upon payment in full of the Rental Payment then due hereunder plus all other amounts due under that Lease plus the then-applicable Purchase Price set forth on that Schedule to Lessor, if applicable; or (b) on the date the last Rental Payment is due (assuming the applicable Lease is renewed for the Maximum Lease Term), if the applicable Lease is still in effect on that day, upon payment in full of all Rental Payments and all other amounts then due and the payment of One Dollar to Lessor; or (c) In the event of substantial damage to or destruction or condemnation (other than by Lessee or any entity controlled by or otherwise affiliated with Lessee) of substantially all of the Equipment listed in that Schedule, on the day Lessee specifies as the purchase date in Lessee's notice to Lessor ofits exercise ofthe purchase option, upon payment in full of the Rental Payment and all other amounts then due under that Lease plus (i) the Purchase Price set forth on that Schedule for such purchase date if such purchase date is a Rental Payment Date or the Purchase Price for the immediately preceding Rental Payment Date if such purchase date is not a Rental Payment Date, and (ii) if such day is not a Rental Payment Date, an amount equal to the portion of the interest component of the Rental Payment scheduled to come due under that Schedule on the following Rental Payment Date accrued from the immediately preceding Rental Payment Date to such purchase date, computed on the basis ofa 360-day year oftwelve 30-day months. Upon the exercise of the option to purchase set forth above, title to the Equipment so purchased will be vested in Lessee on an as- is, where-is basis, free and clear ofany claim by or through Lessor. Section 10.02. Determination of Fair Purchase Price. Lessee and Lessor hereby agree and determine that the Rental Payments under each Schedule during the Original Term and each Renewal Term represent the fair value of the use of the Equipment listed in that Schedule and that the amount required to exercise Lessee's option to purchase the Equipment listed in that Schedule pursuant to Section 10.01 represents, as ofthe end ofthe Original Term or any Renewal Term under that Schedule, the fair purchase price of the Equipment listed in that Schedule. Lessee hereby determines that the Rental Payments do not exceed a reasonable amount so as to place Lessee under a practical economic compulsion to renew the term of any Schedule or to exercise its option to purchase the Equipment under any Schedule. In making such determinations, Lessee and Lessor have given Mui Lease M6ter_Le6e ver. 05. 16. 17 353877 61512017 | I :56 lM Page 9 of 13 6.a Packet Pg. 19 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f consideration to (a) the costs of the Equipment, (b) the uses and purposes for which the Equipment will be employed by Lessee, (c) the benefit to Lessee by reason of the acquisition and installation of the Equipment and the use of the Equipment pursuant to the terms and provisions of this Agreement, and (d)Lessee's option to purchase the Equipment. Lessee hereby determines and declares that the acquisition and installation of the Equipment and the leasing of the Equipment pursuant to this Agreement will result in equipment of comparable quality and meeting the same requirements and standards as would be necessary if the acquisition and installation of the Equipment were performed by Lessee other than pursuant to this Agreement. Lessee hereby determines and declares that the Maximum Lease Term does not exceed the useful life of the Equipment. ARTICLE XI ASSIGNMENT AND SUBLEASING Section 11.01. Assignment by Lessor. Lessor's interest in, to and under this Agreement, each Lease and the Equipment may be assigned and reassigned in whole or in part to one or more assignees by Lessor without the necessity ofobtaining the consent of Lessee; provided that any assignment will not be effective against Lessee until Lessee has received written notice of the name and address of the assignee. Lessee will retain all such notices as a register of all assignees and will make all payments to the assignee or assignees designated in such register. Lessee agrees to execute all documents, including notices of assignment and chattel mortgages or financing statements that may be reasonably requested by Lessor or any assignee to protect its interest in the Equipment and in this Agreement and each Lease and agrees to the filing of financing statements with respect to the Equipment and this Agreement and each Lease. Lessee will not have the right to and will not assert against any assignee any claim, counterclaim, defense, set-offor other right Lessee may have against Lessor. Section 11.02. Assignment and Subleasing by Lessee. None of Lessee's right, title and interest in, to and under this Agreement, any Lease or the Equipment may be assigned or encumbered by Lessee for any reason, except that Lessee may sublease all or part of the Equipment if Lessee obtains the prior written consent of Lessor and an opinion of regionally recognized "Red Book"-listed counsel in the area of tax-exempt municipal obligations satisfactory to Lessor that such subleasing will not adversely affect the exclusion ofthe interest components ofthe Rental Payments under the applicable Lease from gross income for federal income tax purposes. Any such sublease of all or part of the Equipment will be subject to this Agreement and the rights of Lessor in, to and under this Agreement, the applicable Lease and the Equipment. ARTICLE XII EVENTS OF DEFAULT AND REMEDIES Section 12.01. Events of Default Defined. Subject to the provisions of Section 3.05, any of the following will be "Events of Defaulf' under any Lease: (a) Failure by Lessee to pay any Rental Payment or other payment required to be paid under that Lease at the time specified in that Lease; (b) Failure by Lessee to observe and perform any covenant, condition or agreement on its part to be observed or performed under that Lease, other than as referred to in Section 12.01(a), for a period of20 days after written notice, specifuing such failure and requesting that it be remedied, is given to Lessee by Lessor, unless Lessor will agree in writing to an extension of such time priorto its expiration; provided, however, if the failure stated in the notice cannot be corrected within the applicable period, Lessor will not unreasonably withhold its consent to an extension of such time if corrective action is instituted by Lessee within the applicable period and diligently pursued until the default is corrected; (c) Any statement, representation or warranty made by Lessee in or pursuant to that Lease or its execution, delivery or performance will prove to have been false, incorrect, misleading or breached in any material respect on the date when made; (d) Any provision of that Lease will at any time for any reason cease to be valid and binding on Lessee, or will be declared to be null and void, or the validity or enforceability thereofwill be contested by Lessee or any governmental agency or authority if the loss of such provision would materially adversely affect the rights or security of Lessor, or Lessee will deny that it has any further liability or obligation under that Lease; (e) Lessee will (i) apply for or consent to the appointment of a receiver, trustee, custodian or liquidator of Lessee, or of all or a substantial part of the assets of Lessee, (ii) be unable, fail or admit in writing its inability generally to pay its debts as they become due, (iii) make a general assignment for the benefit ofcreditors, (iv) have an order for reliefentered against it under applicable federal bankruptcy law, or (v) file a voluntary petition in bankuptcy or a petition or an answer seeking reorganization or an ilrangement with creditors or taking advantage of any insolvency law or any answer Mui Lease Mdter Lede ver. 05.16.17 353877 615120l'7 lI 56 Alr'{Page l0 of 13 6.a Packet Pg. 20 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f admitting the material allegations of a petition filed against Lessee in any bankruptcy, reorganization or insolvency proceeding; or (0 en order, judgment or decree will be entered by any court of competent jurisdiction, approving a petition or appointing a receiver, trustee, custodian or liquidator of Lessee or of all or a substantial part of the assets of Lessee, in each case without its application, approval or consent, and such order, judgment or decree will continue unstayed and in effect for any period of30 consecutive days. Section 12.02. Remedies on Default. Whenever any Event of Default under any Lease exists, Lessor will have the right, at its sole option without any further demand or notice, to take one or any combination of the following remedial steps: (a) By written notice to Lessee, Lessor may declare all Rental Payments and other amounts payable by Lessee under that Lease to the end ofthe then current Original Term or Renewal Term to be due; (b) With or without terminating that Lease, Lessor may enter the premises where the Equipment that is subject to that Lease is located and retake possession ofthat Equipment or require Lessee at Lessee's expense to promptly return any or all ofthat Equipment to the possession ofLessor at a place specified by Lessor, and sell or lease that Equipment or, for the account of Lessee, sublease that Equipment, holding Lessee liable for the difference between (i) the Rental Payments and other amounts payable by Lessee under that Lease plus the applicable Purchase Price, and (ii) the net proceeds ofany such sale, lease or sublease (after deducting all expenses ofLessor in exercising its remedies under this Agreement, including without limitation, all expenses of taking possession, storing, reconditioning and selling or leasing that Equipment and all brokerage, auctioneers' and attorneys' fees); provided that the amount ofLessee's liability under this subparagraph (b) shall not exceed the Rental Payments and other amounts otherwise due under that Lease plus the remaining Rental Payments and other amounts payable by Lessee to the end of the then cunent Original Term or Renewal Term; and (c) Lessor may take whatever other action at law or in equity may appear necessary or desirable to enforce its rights under this Agreement as the owner of the Equipment that is subject to that Lease. Any net proceeds from the exercise of any remedy hereunder (after deducting all expenses of Lessor in exercising such remedies including without limitation all expenses of taking possession, storing, reconditioning and selling or leasing Equipment and all brokerage, auctioneer's or attorneys' fees) shall be applied as follows: (D If such remedy is exercised solely with respect to a single Lease, Equipment subject to that Lease or rights under this Agreement related to that Lease, then to amounts due pursuant to that Lease and other amounts related to that Lease or that Equipment; or (ii) If such remedy is exercised with respect to more than one Lease, Equipment subject to more than one Lease or rights under this Agreement related to more than one Lease, then to amounts due pursuant to those Leases pro rata. In addition, Lessee will remain liable for all covenants and indemnities under this Agreement and for all legal fees and other costs and expenses, including court costs, incurred by Lessor with respect to the enforcement ofany ofthe remedies listed above or any other remedy available to Lessor. Section 12.03. No Remedy Exclusive. No remedy herein confened upon or reserved to Lessor is intended to be exclusive and every such remedy will be cumulative and will be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any default will impair any such right or power or will be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. In order to entitle Lessor to exercise any remedy reserved to it in this Agreement it will not be necessary to give any notice, other than such notice as may be required in this Agreement. ARTICLE XIII MISCELLANEOUS Section 13.01. Notices. Any written notice hereunder to Lessee or Lessor shall be deemed to have been given when delivered personally, deposited with a nationally recognized overnight courier (with all fees pre-paid), delivered via facsimile or e- mail (with confirmation of transmission), or deposited in the United States mail, certified or registered mail, addressed to recipient at its address set forth above or at such other address as may be substituted therefor by notice given pursuant to the terms hereof. Lessee hereby agrees that Lessor, including its vendors, service providers, partners, afliliates, successors and assigns, may contact Lessee at any telephone number provided to Lessor, by placing voice telephone calls (including the use of automatic telephone Mui Lease M6ter Lede ver. 05.16.17 351871 6/51201,1 ll:56 ANI Pagellof13 6.a Packet Pg. 21 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f dialing systems or prerecorded voice messaging) or, in the case of wireless telephones or other wireless devices, by sending email or automated (SMS) text messages. Section 13.02. Binding Effect. This Agreement will inure to the benefit of and will be binding upon Lessor and Lessee and their respective successors and assigns. Section 13.03. Severability. In the event any provision ofthis Agreement will be held invalid or unenforceable by any court ofcompetentjurisdiction, such holding will not invalidate or render unenforceable any other provision hereof. Section 13.04. Entire Agreement. This Agreement constitutes the entire agreement between Lessor and Lessee. Section 13.05. Amendments. This Agreement may be amended, changed or modified in any manner by written agreement of Lessor and Lessee. Any waiver of any provision of this Agreement or any right or remedy hereunder must be affirmatively and expressly made in writing and will not be implied from inaction, course of dealing or otherwise. Section 13.06. Execution in Counterparts. This Agreement may be simultaneously executed in several counterparts, each of which will be an original and all of which will constitute but one and the same instrument. There shall be only one original counterpart of this Agreement and it shall bear Lessor's original signature and be marked "Original." To the extent that this Agreement constitutes chattel paper (as that term is defined by Article 24, of the Uniform Commercial Code), a security or ownership interest intended to be created through the transfer and possession of this Agreement can be done only by the transfer ofsuch original bearing Lessor's original signature. Section 13.07. Captions. The captions or headings in this Agreement are for convenience only and in no way define, limit or describe the scope or intent of any provisions or sections of this Agreement. Section 13.08. Applicable Law; Jury Trial. This Agreement will be govemed by and conshued in accordance with federal law and, to the extent not preempted by federal law, the laws of the State. TO THE EXTENT PERMITTED BY LAW, THE PARTIES HERETO, AFTER CONSULTING (OR HAVING HAD AN OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY AND VOLUNTARILY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ORPROCEEDING RELATING TO THIS AGREEMENT. Section 13.09. Electronic Transactions. Lessor, in its sole discretion, may permit Lessee to electronically copy and/or deliver by telecopier or other electronic means of transmission an executed counterpart of this Agreement, and any document, schedule, amendment, addendum, supplement or agreement related hereto or executed in connection herewith. By so copying and/or delivering any such document, Lessee hereby represents and agrees (a) that such transmission constitutes due delivery ofsuch executed document, (b) that the counterpart ofsuch executed document as printed by the recipient, including Lessee's signature thereon, shall be deemed to constitute an original and shall be admissible in any court or other legal proceeding as an original, and (c) to deliver to Lessor, promptly on request, such document bearing Lessee's original "wet ink" signature; provided that neither delivery nor failure to deliver the document bearing Lessee's original "wet ink" signature shall limit or modify the representations and agreements set forth in clauses (a) and (b). IN WITNESS WHEREOF, Lessor and Lessee have caused this Agreement to be executed in their corporate names by their duly authorized oflicers as ofthe date first above written. c4& F z (n rqr!aaql I City of Kent. Washineton Name of Lessee Signature Print Name and fJld DF v a & IJaa 14J TCF Equipment Finance. a division of TCF National Bank Name of Lessor Rw' Signature Print Name and Title: Mmi_Lease_M6ter_Le6e ver. 05. I 6. I 7 3 53877 61 5 /2017 | | :5 6 Alt4 Page 12ofl3 6.a Packet Pg. 22 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f tad.L^.-iv &.v< =/,t-E I!t!-Jd 'OU8aB I, the undersigned, do hereby certifu that the officer of Lessee who executed the foregoing Agreement on behalf of Lessee and whose genuine signature appears thereon, (i) is the duly qualified and acting officer of Lessee as stated beneath his or her signature, (ii) is duly authorized to execute and deliver the foregoing Agreement on behalf of Lessee, and (iii) that the fiscal year oflessee ends on the last day ofDecember. Signature Title:Date: THE ABOVE CERTIFICATION MUST BE SIGNED BY THE CLERK OR SECRETARY OF LESSEE, AND TIIE CLERK OR SECRETARY MUST BE A DIFFERENT INDIVIDUAL THAN THE OFFICER SIGNING IN THE ''LESSEE SIGNATURE'' BOX. Mui Lease M6ter Le6e ver. 05. 16.17 353877 6/512017 | lt56 lM Page 13 of 13 6.a Packet Pg. 23 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f \tcf qquipment finance SCHEDULE OF EQUTPMENT NO.008-0742s93-300 TO MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO. 742593L 1. Defined Terms. All terms used herein have the meanings ascribed to them in the Agreement. 2. Equipment. The Equipment included under this Schedule is comprised of the items described in the Equipment Description attached hereto as Attachrnent 1, together with all replacements, substitutions, repairs, restorations, modifications, attachments, accessions, additions and improvements thereof or thereto. 3. Payment Schedule. The Rental Payments and Purchase Prices under this Schedule are set forth in the Payment Schedule attached as Attachment 2 hereto. 4. Representations, Warranties and Covenants of Lessee. (a) Lessee hereby represents, warrants and covenants that its representations, wananties and covenants set forth in the Agreement are true and correct as though made on the date of commencement of Rental Payments on this Schedule. (b) Lessee has experienced no material change in its financial condition or in the revenues expected to be utilized to meet Rental Payments due hereunder since the date of the most recent audited financial statements reviewed by Lessor. (c) Lessee understands and acknowledges that Lessor has not acted and will not act as a fiduciary for Lessee or as Lessee's agent or municipal advisor; Lessor has not and will not provide financial, legal, tax, accounting or other advice to Lessee or to any financial advisor or placement agent engaged by Lessee with respect to this Schedule. Lessee, its financial advisor, placement agent or municipal advisor, ifany, shall each seek and obtain its own financial, legal, tax, accounting and other advice with respect to this Schedule from its own advisors (including as it relates to structure, timing, terms and similar matters). 5. Certification as to Arbitrage and Tax Covenants. Lessee hereby represents as follows: (a) The estimated total costs of the Equipment listed in this Schedule, together with any costs of entering into this Schedule that are expected to be financed hereunder, will not be less than the total Principal Portion of the Rental Payments listed in this Schedule. (b) The Equipment listed in this Schedule has been ordered or is expected to be ordered within six months of the commensement of this Schedule, and the Equipment is expected to be delivered and installed, and the Vendor fully paid, within eighteen months from the commencement of this Schedule. (c) Lessee has not created or established, and does not expect to create or establish, any sinking fund or other similar fund (i) that is reasonably expected to be used to pay the Rental Payments listed in this Schedule, or (ii) that may be used solely to prevent a default in the payment of the Rental Payments listed in this Schedule. (d) The Equipment listed in this Schedule has not been and is not expected to be sold or otherwise disposed of by Lessee, either in whole or in major part, prior to the last maturity of the Rental Payments listed in this Schedule. (e) To the best ofour knowledge, information and belief, the above expectations are reasonable. (f) Lessee has not been notified of any listing or proposed listing of it by the Internal Revenue Service as an issuer whose arbitrage certificates may not be relied upon. (g) Lessee will comply with all applicable provisions of the Internal Revenue Code of 1986, as amended, including without limitation Sections 103, 141 and 148 thereof, and the applicable regulations of the Treasury Department to maintain the exclusion of the interest components of Rental Payments from gross income for purposes of federal income taxation. 6. The Agreement. This Schedule is hereby made as part of the Agreement, and Lessor and Lessee hereby ratifu and confirm the Agreement. The terms and provisions of the Agreement (other than to the extent that they relate solely to other Schedules or listed on other Schedules are reference and made a hereof. The "Agreement": Schedule of EquipmentNo. 008-0742593-300 dated May 17,2018 (the "Schedule"), to Master Equipment Lease Purchase Agreement No.742593L dated as of May 17,2018 3'Lesseett City of Kent, Washington, 220 Fourth Ave. S, Kent, WA 98032 ttLessort' TCF Equipment Finance, a division of TCF National Bank, llll West San Marnan Dr, Suite A2 West, Waterloo, IA 50701- 8926 s.l& F 4(J a rllr!aar! 'J Signature Print Name and Title:- Rw' City of Kent. Washineton Name of Lessee rr.l& F 4 U) &oaar!J TCF Equipment Finance. a division of TCF National Bank Name of Lessor By: Signature Print Name and Mui Lease Mdter_Schedule v.09.21.2017 3538'17 5117120187:06 AM 6.a Packet Pg. 24 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Itcf e.quipment tlnance ATTACHMENT1 TO SCHEDULE OF EQUTPMENT NO.008-0742593-300 TO MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO. 742593L EQUIPMENTDESCRIPTION Descrintion/Serial No./Model No.Location Total Cost (2) Toro Reelmaster 3555-D, (2) Toro Groundsmaster 4500-D, (l) Toro Multi Pro 1750, (4) Toro Greensmaster 3320 Triflex with additional accessories, (l) Toro Reelmaster 3100-D, (l) Toro Groundsmaster 3500-D, (l) Toro ProPass 200 Wireless, (1) Toro Sand Pro 5040, (l) Toro ProCore 648, (l) Toro Pro Force Debris Blower, (1) True Surface GCC Frames, (1) True Surface GCC Vacu- Cutter Inserts, (l) Salsco HP l1 Roller together with all attachments and accessories thereto 2019 W Meeker St, Kent, WA 98032 $639,447.28 This Equipment Description shall be deemed to be supplemented by the descriptions of the Equipment included in the certificates ofacceptance and payment requests submitted pursuant to the escrow agreement, ifany, entered into among Lessor, Lessee and the escrow agent named therein, which descriptions shall be deemed to be incorporated herein. Lessee: City of Kent, Washington Dana Ralph, MayorBy: Mui Lease M6ter Schedule v.09.21.2017 353877 5|17120187:06 lnvl 6.a Packet Pg. 25 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f \tcf -eguipmenttrnance ATTACHMENT2TO SCHEDULE OF EQUIPMENT NO. OO8-0742593-3OO TO MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO.742593L PAYMENTSCHEDULE Rental payments will be made in accordance with Section 4.01 and this Payment Schedule. LESSOR: TCF Equipment Finance, a division of TCF National Bank LESSEE: City of Kent, Washington COMMENCEMENT DATE*: INTEREST RATE: 5.05% PAYMENT FREQUENCY: Monthly The first Rental Payment shall be due in advance on the Commencement Date, and subsequent Rental Payments shall be due monthly on the same day of each month thereafter until paid in full. Payment Number Rental Pavment Interest Portion Principal Portion Purchase Price I 2 3 4 5 6 7 8 9 10 1l 12 l3 l4 l5 t6 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3l 32 33 34 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 . 0.00 2,627.72 2,577.04 2,526.14 2,475.03 2,423.71 2,372.17 2,320.41 2,268.44 2,216.24 2,163.83 2,111.20 2,058.34 2,005.27 1,951.97 1,898.44 1,844.69 1,790.72 1,736.52 1,682.09 1,627.43 1,572.54 1,517.42 1,462.06 1,406.48 1,350.66 1,294.61 1,238.32 1,181.79 I,125.03 I,068.03 1,010.79 9s3.30 895.58 14,677.93 12,050.21 12,1 00.89 12,151.79 12,202.90 12,254.22 12,305.76 12,357.52 12,409.49 12,461.69 12,514.10 12,566.73 12,619.59 12,672.66 12,725.96 12,779.49 12,833.24 12,887.21 12,941.41 12,995.84 13,050.50 13,105.39 13,160.51 13,215.87 13,271.45 13,327.27 13,383.32 t3,439.61 13,496.14 13,552.90 13,609.90 13,667.14 13,724.63 13,782.35 639,447.28 624,769.35 612,719.14 600,618.25 588,466.46 576,263.56 564,009.34 55 1 ,703.5 8 539,346.06 526,936.57 514,474.88 501,960.78 489,394.05 476,774.46 464, 10 I .80 451,375.84 438,596.35 425,763.11 412,875.90 399,934.49 386,938.65 373,888.1 5 360,782.76 347,622.25 334,406.38 321,134.93 307,807.66 294,424.34 280,984.73 267,488.59 2s3,93s.69 240,325.79 226,658.65 212,934.02 199,151.67 Mwi Lease M6ter Schedule v.09.21.2OI7 3fa17 5ll7/2018 7:06 AM 6.a Packet Pg. 26 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Grand Totals 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 14,677.93 704,540.64 13,840.32 r 3,898.53 13,956.98 14,015.69 14,074.63 14,133.83 14,193.28 14,252.97 14,312.92 14,373.12 14,433.57 14,494.28 14,555.24 14,616.31 639,447.28 35 36 37 38 39 40 41 42 43 44 45 46 47 48 837.61 779.40 720.9s 662.24 603.30 544.10 484.65 424.96 365.01 304.81 244.36 183.65 122.69 61.62 65,093.36 185,31 I .35 171,412.82 157,455.84 143,440.15 129,365.52 115,231.69 101,03 8.41 86,785.44 72,472.52 58,099.40 43,665.83 29,171.55 14,616.31 0.00 Lessee: City of Kent, Washington By Dana Ralph, Mayor Lessee hereby authorizes Lessor to fill in the Commencement Date based on the earlier of the date that Lessor disburses funds to the Vendor of the Equipment following receipt of Lessee's executed acceptance certificate, or the date on which Lessor deposits funds for the purchase of the Equipment with an escrow agent. {< 4Mui Lease,M6ter Schedule v.09.21.20I7 353877 5/l7120187:06 lM 6.a Packet Pg. 27 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f \tcf -e.quipmenttlnance LESSEE'S CLOSING CERTIFICATE TO SCHEDULE OF EQUTPMENT NO.008-0742s93-300 TO MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO.742593L I, the undersigned, the duly appointed, qualified and acting (Clerk or Secretary) of the above-captioned Lessee, do hereby certifu as of 20 , as follows (l) Lessee did, at a meeting of the goveming body of Lessee held 20-, by motion duly made, seconded and carried, in accordance with all requirements oflaw, approve and authorize the execution and delivery of the above-referenced Agreement and the related escrow agreement, if any, on its behalf by the following named representatives of Lessee: Title Printed Name Sisnature (2) The above-named representatives of Lessee held at the time of such authorization and holds at the present time the office designated above and the signature set forth opposite his or her name is the true and correct specimen of his or her genuine signature. (3) The meeting of the governing body of Lessee at which the Agreement was approved and authorized to be executed was duly called, regularly convened and attended throughout by the requisite majority of the members thereof or by other appropriate official approval and that the action approving the Agreement and authorizing the execution thereofhas not been altered or rescinded. (4) No event or condition that constitutes, or with the giving of notice or the lapse of time or both would constitute, an Event of Default (as such term is defined in the Agreement) exists at the date hereof. (5) All insurance required in accordance with the Agreement is currently maintained by Lessee. (6) Lessee has, in accordance with the requirements oflaw, fully budgeted and appropriated sufficient funds for the current fiscal year to make the Rental Payments scheduled to come due during the Original Term and to meet its other obligations for the Original Term (as such terms are defined in the Agreement), and such funds have not been expended for other purposes. (7) There is no proceeding pending or threatened in any court or before any governmental authority or arbitration board or tribunal that, if adversely determined, would adversely affect the transactions contemplated by the Agreement or the interest of Lessor or its assigns, as the case may be, in the Equipment. (8) The Equipment has not been the subject ofa referendum that failed to receive the approval ofthe voters of Lessee within the preceding four years. (9) This Agreement is hereby NOT designated as a qualified tax-exempt obligation" as defined in Section 265(bX3XB) ofthe Internal Revenue Code. ( I 0) The Equipment is located at the following address: 20 l9 W Meeker St, Kent, WA 98032 (1 l) The Equipment is located in the following county: Mmi_Lease,Mdter Schedule v.09.21.2017 353877 5ll7l2Dl8 7:06 AM The 66Agreement": Schedule of EquipmentNo. 008-0742593-300 dated May 17,2018 (the "schedule"), to Master Equipment Lease Purchase Agreement No. 7 42593L dated as of May 17 ,2018 ttLesseet' City of Kent, Washington, 220 Fourth Ave. S, Kent, WA 98032 ttLessor" TCF Equipment Finance, a division of TCF National Bank, 1111 West San Marnan Dr, Suite A.2 West, Waterloo, IA 50701- 8926 6.a Packet Pg. 28 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f (12) The correct billing address for Rental Payments is as follows Street Address: Phone: Fax: Email; Attention: (13) The contact information of person responsible for preparing and filing Lessee's Form 8038-G or 8038-GC is as follows: Name: Street Address Phone; Fax: Email: (14) Lessee's Tax ID number is: 91-6001254. IN WITNESS WHEREOF, I hereunto set my hand and the seal of the governing body of Lessee the day and year first above written. Signature ofClerk or Secretary Printed Name of Clerk or Secretary Mmi Lease Mdter Schedule v09.21.2017 353877 5lI7 12018 7106 AM 6.a Packet Pg. 29 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f \tcf gguiPment trnance LESSEE'S PAYMENT INSTRUCTIONS AND ACCEPTANCE CERTIF'ICATE TO SCHEDULE OF EQUIPMENT NO.008-0742593-300 TO MASTER EQUIPMf,NT LEASE PURCHASE AGREEMENT NO.742593L Ladies and Gentlemen: In accordance with the Agreement, the undersigned Lessee hereby certifies and represents to, and agrees with, Lessor as follows: (l) Lessee has reviewed and approved the invoice(s) referenced in the table below. Pursuant to the Agreement, Lessee hereby irrevocably authorizes and requests Lessor to make payment ofthe invoice(s) to the vendor(s), licensor(s) or designee(s) of licensor(s) of the Equipment. Lessee agrees that all terms and conditions of the Lease are in full force and effect and Lessee shall make all payments when and as required thereby. Turf Star Inc/Western Equipment Distributor (T)Toro Turf Package $639,447.28 (2) All of the Equipment has been, or if this Lease includes an escrow agreement, all of the Equipment will be, delivered, installed and accepted, and is located at the following address: 2019W Meeker St, Kent, WA 98032. (3) 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, except that ifthis Lease includes an escrow agreement, Lessee will conduct such inspection and/or testing of the Equipment prior to authorizing disbursement from the escrow fund for such Equipment. (4) Lessee is currently maintaining, or ifthis Lease includes an escrow agreement, prior to Lessee's receipt of any Equipment, Lessee will maintain, the insurance coverage required by Section 7.02 of the Agreement. (5) 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. (6) We acknowledge that Lessor is neither the vendor nor manufacturer or distributor of the Equipment and has no control, knowledge or familiarity with the condition, capacity, functioning or other characteristics of the Equipment. (7) The serial number for each item of Equipment that is set forth in the applicable Schedule is conect. DATED: Lessee: City of Kent, Washington The '(Agreement": Schedule of Equipment No. 008-0742593-300 dated May 17, 2018 (the "Schedule"), to Master Equipment Lease Purchase Agreement No. 742593L dated as of May 17,2018 ttLessee" City of Kent, Washington,220 Fourth Ave. S, Kent, WA 98032 toLessortt TCF Equipment Finance, a division of TCF National Bank, llll West San Maman Dr, Suite A,2 West, Waterloo, IA 50701- 8926 Invoice N Amount Total .28 Mui Lease Mdtedchedule v.09.21.2017 3 53A77 5ll7l20l8 7:06 AM By:Dana Ralph, Mayor 6.a Packet Pg. 30 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Itcf gQuiPment lrnance ESSENTIAL USE CERTIFICATE TO SCHEDULE OF EQUTPMENT NO.008-0742s93-300 TO MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO. 742593L N{ay 17,2018 |',adulyelected,appointed,ordesignatedrepresentativeofCityofKent,Washington ("Lessee'o), am qualified to answer the questions set forth below regarding the Equipment to be acquired by Lessee in connection with the above-referenced Agreement: I . Ilhat is the specific use of the Equipment? 2. What increased capabilities will the Equipment provide? 3. Why is the Equipment essential to your ability to deliver governmental services? 4. Does the Equipment replace existing equipment? (If so, please explain why you are replacing the existing equipment) 5. Why didyou choose this speciJic Equipment? 6. For how mqny years do you qcpect to utilize the Equipment? 7. What revenue source will be utilized to male Rental Payments due under the Agreement? Lessee: City of Kent, Washington The "Agreement": Schedule of EquipmentNo. 008-0742593-300 dated MLay 17,2018 (the "Schedule"), to Master Equipment Lease Purchase Agreement No . 7 42593L dated as of May 17 , 2018 ttLesseett City of Kent, Washington,220 Fourth Ave. S, Kent, WA 98032 ttLessortt TCF Equipment Finance, a division of TCF National Bank, 1 I I I West San Marnan Dr, Suite A.2 West, Waterloo, IA 50701 - 8926 Mwi_Lease_M6ter_Schedule v.09.21.20I7 353871 5llT2Ol8 7:06 AM Dana Ralph, Mayor 6.a Packet Pg. 31 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f \tcf g.quipment trnance INSURANCE COVERAGE DISCLOSURE TO SCHEDULE OF f,QUTPMENT NO. 008-0742s93-300 TO MASTER EQUTPMENT LEASE PURCHASE AGREEMENT NO.742593L RE: INSURANCECOVERAGEREQUIREMENTS In accordance with the Master Equipment Lease Purchase Agreement, Lessee certifies that it has instructed the insurance agent named below (please fill in name, address, and telephone number): to issue: (check to indicate coverage) _X_a. All Risk Physical Damage Insurance on the Equipment evidenced by a Certificate of Insurance and Long Form Loss Payable Clause naming TCF Equipment Finance, a division of TCF National Bank and/or its assigns as Loss Payee. Coverage Required: $639,447.28 _X_ b. Public Liability Insurance evidenced by a Certificate of Insurance naming TCF Equipment Finance, a division of TCF National Bank and/or its assigns as an Additional Insured. Minimum Coverage Required $1,000,000 $1,000,000 $ 1,000,000 per person aggregate bodily injury liability property damage liability. By Dana Ralph, Mayor Proof of insurance coverage will be provided to TCF Equipment Finance, a division of TCF National Bank, 1l1l West San Marnan Dr, Suite ,{2 West, Waterloo, IA 50701-8926, prior to the time that the Equipment is delivered to Lessee. Please fax a copy of the Certificate of Insurance or binder to Marisa Meyers at (866) 465-3149. Lessee: City of Kent, Washington Insurance Company Liability: Agent Name:Business Phone # Fax Phone # Insurance Company Property: Agent Name:Business Phone # Fax Phone # Mui_Lese_Master,Schedule v.09.21.201? 35387'1 5ll7 12018 7:06 Nvl 6.a Packet Pg. 32 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f OPINION OF COUNSEL (To be on Attorney's Letterhead) Date: Lessee: May 17,2018 City of Kent, Washington 220 Fourth Ave. S Kent, WA 98032 Lessor:TCF Equipment Finance, a division of TCF National Bank 1 I l1 West San Maman Dr, Suite A2 West Waterloo, IA 507 0l -8926 Re: Schedule of Equipment No. 008-0742593-300 to Master Equipment Lease Purchase Agreement No. 742593L, dated as of May 17,2018, by and between City of Kent, Washington and TCF Equipment Finance, a division of TCF National Bank. Ladies and Gentlemen: I have acted as counsel to Lessee with respect to the Schedule of EquipmentNo. 008-0742593-300 to Master Equipment Lease-Purchase Agreement described above and the related escrow agreement, ifany, and all attachments, exhibits and schedules thereto (together, the "Lease") and various related matters, and in this capacity have reviewed a duplicate original or certified copy ofthe Lease. Based upon the examination ofthese and such other documents as I deem relevant, it is my opinion that: 1. Lessee is a public corporation and political subdivision of the State of Washington (the "State") within the meaning ofSection 103 ofthe Internal Revenue Code of 1986, as amended, is duly organized, existing and operating under the Constitution and laws of the State, and has a substantial amount of the following soverign powers: (a) the power to tax, (b) the power of eminent domain, and (c) police power. The full, true and correct legal name of Lessee is 2. Lessee is authorized and has power under State law to enter into the Lease and lease the equipment with an option to purchase, and to carry out its obligations thereunder and the transactions contemplated thereby. No further approval, consent or withholding of objection is required from any Federal, State or local govemmental authority with respect to the entering into or performance by the Lessee of the Lease and the transaction contemplated thereby. 3. The Lease and the other documents described above have been duly authorized, approved, executed and delivered by and on behalfofLessee, and the Lease is a valid and binding contract ofLessee enforceable in accordance with its terms, except to the extent limited by State and Federal laws affecting remedies and by bankruptcy, reorganization or other laws ofgeneral application relating to or affecting the enforcement ofcreditors' rights. 4. Lessee has no authority (statutory or otherwise) to terminate the Lease prior to the end of its term for any reason other than pursuant to the terms ofSection 3.03(a) and (b) ofthe Lease. 5. The authorization, approval and execution ofthe Lease and all other proceedings ofLessee relating to the transactions contemplated thereby have been performed in accordance with all open meeting laws, public bidding laws and all other applicable State and Federal laws. 6. The execution of the Lease and the appropriation of moneys to pay the payments coming due under the Lease do not result in the violation of any constitutional, statutory or other limitation relating to the manner, form or amount of indebtedness which may be incuned by Lessee. Mui_Lease_Mster_OpinionofCousel v.04.20.2016 353877 5l17l20l8 6:55 AM 6.a Packet Pg. 33 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f 7. There is no litigation, action, suit, or proceeding pending or before any court, administrative agency, arbitrator or governmental body that challenges the organization or existence ofLessee; the authority ofthe Lessee or its officers; the proper authorization, approval and execution ofthe Lease and the other documents described above; the appropriation of monies to make Rental Payments under the Lease for the current fiscal year, or the ability of Lessee otherwise to perform its obligations under the Lease and the transactions contemplated thereby. 8. The equipment leased pursuant to the Lease constitutes personal property and when subject to use by Lessee will not be or become fixtures under applicable law. 9. The leasing of the equipment pursuant to the Lease is exempt from all sales, use and documentary stamp taxes against either Lessor or Lessee during the term of the Lease, and such equipment will be exempt from all state and local personal property or other ad valorem taxes. This opinion of counsel may be relied upon by TCF Equipment Finance, a division of TCF National Bank and its successors and assigns. Very truly yours, Mui_Lease Mcter _OpinionOfCousel v.04.20.2016 353877 5/172018 6:55 AM 6.a Packet Pg. 34 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f RESOLUTION MASTER EQUIPMENT LEASE PURCHASE AGREEMENT NO. 742593L AND SCHEDULE NO. OO8-0742593-3OO THERETO A resolution authorizing the negotiation, execution, and delivery of Master Equipment Lease Purchase Agreement No. 742593L dated May 17, 2018 andScheduleNo.003-0742593-300thereto,togetherwrththerelatedescrowagreement,ifany(the"Lease"),inprincipalamountnotto exceed $639,447.28, between City of Kent, Wrshington, 220 Fourth Ave. S, Kent, WA 98032 and TCF Equipment Finance, a division of TCF National Banb 1t11 West San Marnan Dr, Suite 42 West, Waterloo, IA 50701-8926; and prescribing other details in connection therewith. WHEREAS, City of Kent, Washington, (the "Lessee") is a political subdivision duly organized and existing pursuant to the Constitution and laws of the State of Washington; and WHERDAS, Lessee is duly authorized by applicable law to acquire such items of personal property as are needed to carry out its govemmental functions and to acquire such personal property by entering into lease-purchase agreements; and WHEREAS, Lessee hereby finds and determines that the execution ofa Lease for the purpose ofleasing with the option to purchase the property designated and set forth in Schedule No. 008-0742593-300 to the Lease is appropriate and necessary to the function and operations ofthe Lessee; and WIIEREAS, TCF Equipment Finance, a division ofTCF National Bank, (the "Lessor") shall act as Lessor under said Lease; and WHEREAS, the Lease shall not constitute a general obligation indebtedness of the Lessee within the meaning of the Constitution and laws of the State; NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF City of Kent, Washington: Section l. The Lease, in substantially the form as presently before the goveming body ofthe Lessee , is hereby approved, and the ofthe Lessee, is hereby authorized to negotiate, enter into, execute, and deliver the Lease and related documents in substantially the form as prssently before the governing body ofthe Lessee, with such changes therein as shall be approved by such officer, and which l,ease will be available for public inspection at the offices of Lessee. Section 2. Ths Lessee shall, and the officers, agents and employees ofthe Lessee are hereby authorized and directed to take such further action and execute such other documents, certificates and instruments as may be necessary or desirable to carry out and comply with the intent ofthis Resolution, and to carry out, comply with and perform the duties ofthe Irssee with respect to the Lease. Section3. TheLessee'sobligationsundertheLeaseshallbeexpresslysubjecttoannualappropriationbyLessee;andsuchobligationsunderthe Lease shall not constitute a general obligation of Lessee or indebtedness ofLessee within the meaning ofthe Constitution and laws ofthe State of Washington. Section 4. All other related contracts and agreements necessary and incidental to the Lease are hereby authorized, ratified and approved Section 5. This resolution shall take effect immediately upon its adoption and approval. CERTIFIED AS TRUE AND CORRECT this day of 20 Signature of Clerk, Secretary or Assistant Secretary Printed Name ofClerk, Secretary or Assistant Secretary Mui Le6e M6ter Resolution_NonBmkQualified v.04.20.2016 353877 5llT20l8 6:55 1\l{ 6.a Packet Pg. 35 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Itcf e.quipment tlnance Date of Invoice: Application Number: Contract Number: Invoice 0slt7l20r8 353877 008-0742593-300 To:City of Kent, Washington 220 Fourth Ave. S Kent, WA 98032 Advance Payments/Secu rity Deposit Description First Payment in Advance Last Payment in Advance Contract Payment $14,677.93 $0.00 Sales/Use Tax $0.00 $0.00 Other Amount $14,677.93 $0.00 $0.00$0.00 Sub Total $14,677.93 Other Fees/Charges Fee Description Documentation Fee Amount $250.00 Other Fees/Charges Sub Total $250.00 Invoice Total Due Remit Payment with Completed Documents to: 866-465-3149 OR TCF Equipment Finance, a division of TCF National Bank 1111 West San Marnan Dr, Suite 42 West Waterloo, IA 50701-8926 Invoice Total Due ($1 7.93 lnvoice_Waterloo v.08.01.1235387'l SL 5/1712018 6:55 AM 6.a Packet Pg. 36 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f Room/suite 11 12 13 14 15 16 17 18 (al Final maturity date (bl lssue price (c) Stated redemption price at maturity (d) Weighted average maturity $$vears 22 23 25 26 27 28 29 30 Part I Part ll Part lll Part lV Part V Form Department of the lntemal Revenue Service 8038-G I nformation Retum for Tax-Exempt Governmental Obligations (Rev. September2011)) Under lnternal Revenue Gode section 1€(e) ) See separate instructions. Caution: lf the issue price is under $100,000, use Form 8038-GC. 10a Name and title of officer or other employee of the issuer whom the IRS may call for more information (see instructions) OMB No. 1545-0720 10b Telephone number of otficer or other employee shown on 10a (e) Yield years vears lf Amended check here ) 1 lssuer's name 2 lssuer's employer identification number (ElN) 3a Name ol person (other than issuer) with whom the IRS may communicate about this return (see instructions)3b Telephone number of other person shown on 3a 4 Number and sveet (or P.O. box if mail is not delivered to street address)5 Report numbet (For IRS Use OnM z 6 City, town, or post office, state, and ZIP code 7 Date of issue 8 Name of issue 9 CUS|Pnumber 11 12 13 14 15 16 17 18 19 of lssue the issue . See the instructions and attach schedule. Education . Health and hospital Transportation Public safety . Environment (including sewage bonds) Housing Utilities Other. Describe ) lf obligations are TANs or RANs, check only box 19a lf obligations are BANs, check only box 19b lf obligations are in the form of a lease or installment sale, check box of for the entire issue for which this form is filed. lssue underulriters' Proceeds used for accrued interest lssue price of entire issue (enter amount from line 21, column (b)) Proceeds used for bond issuance costs (including underwriters' discount) . Proceeds used for credit enhancement Proceeds allocated to reasonably required reserve or replacement fund Proceeds used to currently refund prior issues Proceeds used to advance refund prior issues Total (add lines 24 through 28) . Nonrefunding proceeds of the issue line 29 from line 23 and enter amount ol Refunded Bonds. Com lete this on for refund bonds. Enter the remaining weighted average maturity of the bonds to be currently refunded Enter the remaining weighted average maturity of the bonds to be advance refunded Enter the last date on which the refunded bonds will be called (MM/DD/YYYY) . Enter the date(s) the refunded bonds were issued ) (MM/DD/yyyy) 21 22 23 24 25 26 27 28 2S 30 20 31 32 gt u 24 For Paperwork Reduction Act Notice, see separate instructions.Cat. No.63773S rorm 8038-G (Rev.9-2011) 6.a Packet Pg. 37 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f 35 36a s7 Part Vl Form 8038-G (Rev. 9-2011)Page2 35 Enter the amount of the state volume cap allocated to the issue under section 141 (bX5) . 36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract (GlC) (see instructions) b Enter the final maturity date of the GIC ) c Enter the name of the GIC provider ) 37 Pooled financings: Enter the amount of the proceeds of this issue that are to be used to make loans to other governmental units . 38a lf this issue is a loan made from the proceeds of another tax-exempt issue, check box ) n and enter the following information Enter the date of the master pool obligation ) Enter the EIN of the issuer of the master pool obligation ) Enter the name of the issuer of the master pool obligation ) lf the issuer has designated the issue under section 265(bX3XBXD(|ll) (small issuer exception), check box lf the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box lf the issuer has identified a hedge, check here ) n and enter the following information: Name of hedge provider ) Type of hedge ) Term of hedge ) 42 lf the issuer has superintegrated the hedge, check box . > 43 lf the issuer has established written procedures to ensure that all nonqualified bonds of this issue are remediated according to the requirements under the Code and Regulations (see instructions), check box > 4 lf the issuer has established written procedures to monitor the requirements of section 148, check box . > 45a lf some portion of the proceeds was used to reimburse expenditures, check here ) n and enter the amount of reimbursement . > b Enter the date the official intent was adopted ) b c d 39 40 41a b G d Signature and Gonsent Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I further declare that I consent to the IRS'S disclosure of the issuer's return information, as necessary to process this return, to the person that I have authorized above. PrinvType preparer's name Preparer's signature Date check ! if self-employed Firm's name > Firm's address ) Signature of issuer's authorized representative Date or name and title Firm's EIN > PTIN rorm 8038-G (Rev. e-201 1) Paid Preparer Use Only 6.a Packet Pg. 38 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f 6.a Packet Pg. 39 At t a c h m e n t : R i v e r b e n d M a s t e r E q u i p m e n t L e a s e P u r c h a s e A g r e e m e n t N u m b e r 7 4 2 5 9 3 L ( 2 ) ( 1 2 4 9 : E q u i p m e n t P u r c h a s e R i v e r b e n d G o l f OFFICE OF THE MAYOR Derek Matheson, Chief Administrative Officer 220 Fourth Avenue South Kent, WA 98032 253-856-5710 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Strategic Framework resolution MOTION: Recommend Council adopt a resolution amending the City’s vision, mission, goals and values, and adopting a strategic framework. SUMMARY: On October 18, 2016, the city council passed Resolution No. 1936 which set forth a Strategic Plan for the City. Recently, the mayor and city council reviewed the City’s vision, mission, goals and values to ensure they align with those of the current administration and council. After consulting with department directors, the mayor and council president proposed changes to the City’s vision, mission, goals and values, and reframed these into a Strategic Framework that will guide future activities of the City. The purpose of this resolution is to set forth the City’s Strategic Framework to provide direction and guidance to the City’s elected officials and city employees as they prioritize, schedule, and complete their work for the City. BUDGET IMPACT: None SUPPORTS STRATEGIC PLAN GOAL: Innovation Government, Authentic Connectivity and Communication, Thriving Neighborhoods and Urban Centers, Sustainable Funding, Inclusive Community ATTACHMENTS: 1. Strategic Framework Resolution (DOCX) 7 Packet Pg. 40 1 Resolution – Strategic Framework RESOLUTION NO. ___________ A RESOLUTION of the city council of the City of Kent, Washington, amending the City’s vision, mission, goals and values, and adopting a Strategic Framework. RECITALS A. On October 18, 2016, the city council passed Resolution No. 1936 which set forth a Strategic Plan for the City. B. Recently, the mayor and city council reviewed the City’s vision, mission, goals and values to ensure they align with those of the current administration and council. After consulting with department directors, the mayor and council president proposed changes to the City’s vision, mission, goals and values, and reframed these into a Strategic Framework that will guide future activities of the City. C. The purpose of this resolution is to set forth the City’s Strategic Framework to provide direction and guidance to the City’s elected officials and city employees as they prioritize, schedule, and complete their work for the City. NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY RESOLVE AS FOLLOWS: 7.a Packet Pg. 41 At t a c h m e n t : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ( 1 2 5 1 : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ) 2 Resolution – Strategic Framework RESOLUTION SECTION 1. – Recitals Incorporated. The foregoing recitals are incorporated into the body of this resolution and will act as the findings of the Kent City Council on this matter. SECTION 2. – Strategic Framework. The Kent City Council adopts the following Strategic Framework setting forth the City’s vision, mission, goals and values in order to provide direction and guidance to the City’s elected officials and city employees as they prioritize, schedule, and complete their work for the City. Vision Where people choose to live and businesses change the world. Mission The City of Kent is committed to building a safe, thriving, sustainable, and inclusive community. Goals  Thriving City: Creating safe neighborhoods, healthy people, vibrant commercial districts, and inviting parks and recreation.  Evolving Infrastructure: Connecting people and places through strategic investments in physical and technological infrastructure.  Inclusive Community: Embracing our diversity and advancing equity through genuine community engagement.  Innovative Government: Delivering outstanding customer service, developing leaders, and fostering innovation. 7.a Packet Pg. 42 At t a c h m e n t : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ( 1 2 5 1 : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ) 3 Resolution – Strategic Framework  Sustainable Services: Providing quality services through responsible financial management, economic growth, and partnerships. Values  Integrity: Do the Right Thing.  Caring: Care for Those We Serve.  Communication: Connect to Understand.  Teamwork: Work Together.  Innovation: Find a Way.  Achievement: Be the Difference. SECTION 3. – Corrections by City Clerk. Upon approval of the city attorney, the city clerk is authorized to make necessary corrections to this resolution, including but not limited to the correction of clerical errors, and resolution, section, or subsection numbering. SECTION 4. – Effective Date. This resolution shall take effect and be in force immediately upon its passage. PASSED at a regular open public meeting by the City Council of the City of Kent, Washington, this day of , 2018. CONCURRED in by the Mayor of the City of Kent this _____ day of __________, 2018. DANA RALPH, MAYOR 7.a Packet Pg. 43 At t a c h m e n t : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ( 1 2 5 1 : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ) 4 Resolution – Strategic Framework ATTEST: KIMBERLEY A. KOMOTO, CITY CLERK APPROVED AS TO FORM: ARTHUR “PAT” FITZPATRICK, CITY ATTORNEY 7.a Packet Pg. 44 At t a c h m e n t : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ( 1 2 5 1 : S t r a t e g i c F r a m e w o r k R e s o l u t i o n ) FINANCE DEPARTMENT Aaron BeMiller, Finance Director 220 Fourth Avenue South Kent, WA 98032 253-856-5264 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Utility Ordinance Update MOTION: Recommend Council adopt an ordinance amending Chapter 7.01 of the Kent City Code, to update the Lifeline program application requirements, add an appeal process for perceived billing errors, and to remove the two-tiered shut-off fee. SUMMARY: The current Utility Service Billing ordinance for the City of Kent needs to be updated to allow some desired changes to our business processes. In addition to minor housekeeping changes, the adjustments to the ordinance Finance is proposing address following items:  Removal of the notary requirement for Lifeline applications to streamline the process for applicants and City staff, and to simplify our ability to perform a yearly renewal process;  Allowing low-income residents that care for their child that is totally and permanently disabled to apply for Lifeline rates;  Providing residents an opportunity to appeal perceived billing errors prior to water service interruption; and  Removing the two-tiered shut-off fee and replace it with a single fee. BUDGET IMPACT: The proposed changes to the Utility Service Billing ordinance will have a minimal impact on revenues. There is a replacement of a two-tiered turn off fee with a single fee structure that will result in a slight increase in revenues. The proposed adjustments to this ordinance will allow for Finance to identify individuals who no longer qualify for Lifeline by simplifying our ability to perform annual account audits. It is difficult to estimate the impact of this audit due to the unknown number of applicants that no longer qualify for reduced rates, but the impact is not expected to be material. SUPPORTS STRATEGIC PLAN GOAL: Innovation Government, Inclusive Community ATTACHMENTS: 8 Packet Pg. 45 1. KCC 7.01 Utility Ordinance Update 4.12.18 (DOCX) 8 Packet Pg. 46 1 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate ORDINANCE NO. AN ORDINANCE of the City Council of the City of Kent, Washington, replacing Chapter 7.01 of the Kent City Code concerning the billing and collection for utility services, adding an administrative appeal process, and refining the application and approval process for rate reductions under the lifeline program for low- income citizens who are also seniors or disabled. RECITALS A. Utilities are collected by the City’s Finance Department in accordance with Chapter 7.01 of the Kent City Code. B. The lifeline program offers utility rate reductions for those low-income citizens who are also either senior citizens or totally and permanently disabled. The Finance Department has recommended that amendments be made to refine the application process by making it more consistent with surrounding jurisdictions and streamlining the process for applicants and City staff. C. The Law Department has also recommended codifying an informal appeal process through which customers may challenge perceived billing errors prior to water service being shut-off due to non-payment. Notification of this appeal process will be expressly provided at the time notice of the water shut-off date is provided. 8.a Packet Pg. 47 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 2 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate D. The ordinance also makes other housekeeping amendments for clarity. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: ORDINANCE SECTION 1. – Amendment – Ch. 7.01 KCC. Chapter 7.01 of the Kent City Code, entitled “Utility Service Billing”, is hereby repealed and replaced with the following: CHAPTER 7.01 UTILITY SERVICE BILLING Sec. 7.01.010. Administration of utility billing. The customer service manager of the city’s finance department shall be responsible for the billing of utility services and the administration and enforcement of utility accounts. Sec. 7.01.020. Utility service applications. All requests for utility service on established accounts shall be made to the customer service division of the finance department. The request shall be made by the owner or authorized agent of the property where service is requested. For new utility service, the application shall be made to the public works department for approval and then to the customer service division of the finance department. Whenever an application for utility service is made by an agent, the agent shall submit written authority from the property owner authorizing such agent to receive the utility service requested. An acknowledgment that the owner remains legally liable for all service shall be included in this written authority. Sec. 7.01.030. Utility accounts. All accounts for utility service shall be kept in the name of the property owner. As provided in RCW 8.a Packet Pg. 48 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 3 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate 35.21.217, a property owner or their designee may request that the account be billed to tenant or property manager, and may also request that the owner receive a duplicate bill or any notice of a residential tenant’s delinquency. If the city provides a property owner or the owner's designee with duplicates of residential tenant utility service bills or notice that a tenant's utility account is delinquent, the city shall notify the tenant that such duplicates have been provided to the owner. However, the owner remains liable for payment of all utility service as provided by law. Sec. 7.01.040. Payments received. All money for the payment of utility bills shall be received by the finance customer service manager or designee. Sec. 7.01.050. Utility bills – due date – collection. A. Due date. All utility bills are due and payable in the office of the finance customer service manager within 15 days after the billing date appearing on the bill. Bills not paid within 21 days of the billing date shall be considered delinquent. If the 21st day falls on a legal holiday, Saturday, or Sunday, the first business day thereafter shall be considered the 21st day. B. Delinquency—water or sewerage service. 1. Initial delinquency notice. The city will provide written notice of initial delinquency in the customer’s subsequent monthly utility bill. 2. Shut-off notice. When a charge for water service, or sewerage service in accordance with KCC 7.01.050(C), is delinquent and has been provided an initial delinquency notice, water service shall be subject to shut-off upon 7 calendar days’ notice to the customer. The city will provide written notice of pending shut-off to the customer by mail, door hanger, or other form, and a delinquent notice fee in the amount of $10 will be assessed against the account. The notice shall advise the 8.a Packet Pg. 49 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 4 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate customer of possible shutoff of utility service and the assessment of late payment or related fees added to the utility account if it remains delinquent. A fee schedule is on file with the customer service division of the finance department. 3. Multifamily rental units. As provided in RCW 35.21.217, if an occupied multiple residential rental unit receives utility service through a single utility account, if the utility account's billing address is not the same as the service address of a residential rental property, or if the city has been notified that a tenant resides at the service address, the city shall make a good faith and reasonable effort to provide written notice to the service address of pending shut-off for nonpayment at least seven calendar days prior to disconnection. 4. Procedure. Water shut-off shall occur in accordance with this section and any regulations the finance customer service manager may promulgate consistent with this chapter. The following provisions apply to any shut-off of water service and shall be included in any shut-off notice: a. The total payment due on the account to avoid shut-off of water service. b. A shut-off charge of $45 will be assessed against all delinquent accounts appearing on the city’s final shut-off report. c. Water service may not be restored until full payment of the delinquent account is received, including the shut-off fee. d. A utility customer or property owner may appeal any charges included in a utility bill to the finance customer service manager. If an appeal to a water or sewerage bill is received by the customer service manager prior to the water shut-off date identified in the notice, water service will not be turned off during the appeal process. An appeal must be made in writing, must set forth the reasons why the bill is incorrect or otherwise not properly due and owing, and must be delivered to the customer service division of the finance department. The customer service manager should provide written notice of his or her decision on the appeal 8.a Packet Pg. 50 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 5 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate within 10 business days of the manager’s receipt of the appeal. That decision is final, and no additional appeal is available. If still applicable, that decision will identify the date on which water service will be shut-off if the account is not brought current in a manner consistent with the decision. 5. Notice to property owner. Whenever water service is in the name of a tenant or property manager, and is subject to shutoff for delinquency, the finance customer service division will attempt to provide a duplicate delinquency notice to the owner of record shown on the account. Although a duplicate delinquent notice may be sent in accordance with this subsection, the $10 delinquent notice charge will not be assessed against the account a second time. C. Sewerage — Delinquency. 1. System of sewerage. Pursuant to RCW 35.67.331 and KCC 7.06.010, the city’s sanitary sewage collection and disposal system (sewage) and the storm and surface water utility (drainage), are combined as a “system of sewerage” as that term is defined in RCW 35.67.010. In addition to the provisions of this chapter, delinquent and unpaid rates and charges for sewage and drainage service shall be subject to Chapter 35.67 RCW and subsection (C)(2) of this section. 2. Delinquent sewer service rates and charges—Lien and interest. a. When a charge for sewerage service is delinquent, the city shall have a lien for delinquent and unpaid charges, plus penalties, which lien shall be made in accordance with RCW 35.67.210. Liens for sewerage service shall be effective for a period not to exceed 12 months of delinquent charges without the necessity of any writing or recording. In order to make such a lien effective for more than 12 months, the finance customer service manager shall file for recording in the office of the King County Recorder a notice setting forth the amount of the delinquency, the 8.a Packet Pg. 51 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 6 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate name of the owner or reputed owner who owes the bill and the description of the lot, tract or parcel to which such lien shall attach. For each lien recorded or released, the city shall assess against the sewerage account a fee in accordance with the fee schedule on file with the customer service division as payment of the city’s costs incurred in preparing and recording each lien or lien release. This fee is in addition to the actual fees charged to the city by King County to record or release a lien, which fees will also be assessed against the account. This lien may be foreclosed in an action filed in superior court pursuant to RCW 35.67.220. b. Interest may be added to any delinquent and unpaid charge for sewer service in the maximum amount allowed by RCW 35.67.200. 3. Alternate collection procedure for delinquent sewerage service—Water shut-off. As an additional method of collecting the delinquent charges and concurrent method of enforcing the lien authorized by RCW 35.67.200, and in accordance with the provisions of KCC 7.01.050, the city may shut-off water service to the premises to which such sewerage service was furnished until the charges are paid and the delinquent account is brought current. The right to enforce the lien by cutting off and refusing water service shall be exercised in accordance with Chapter 35.67 RCW. Sec. 7.01.060. Remedies cumulative. The remedies set forth in KCC 7.01.050 are not meant to be exclusive and the city may use any alternate method of collecting delinquent charges that is available under common law or the laws of the state. Sec. 7.01.070. Lifeline utility rate. A utility rate reduction is available to low-income citizens who are 62 years of age or older, are unable to work due to a total and permanent disability, or provide care to their child that has a total and permanent disability. 8.a Packet Pg. 52 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 7 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate A. Definitions. 1. For purposes of this section, “low-income” means a household of one (1) or more individuals, the adjusted gross personal income for which all individuals living in the household does not exceed the income limits set annually by the federal Department of Housing and Urban Development (“HUD”) for housing assistance in Kent. 2. For purposes of this section, “disabled” means a person who has been determined to be permanently and totally disabled as defined by the Social Security Administration and who receives social security benefits or any other benefits for that disability from any governmental source. B. Limitations. The following limitations apply to the lifeline utility rate program: 1. The rate reduction shall only apply to utility charges for service to residences served by a separate city meter. The residence for which the rate reduction is requested must be the applicant’s principal place of residence. 2. The utility account must be in the name of the applicant, the applicant’s spouse, or the applicant’s landlord. Where the utility account is in the name of the applicant’s landlord, the applicant may be required to provide proof of tenancy at the property. 3. No person may claim a rate reduction for more than one dwelling unit during the same billing period. 4. Only one rate reduction per utility will be given for each property. C. Application process. To qualify for the lifeline rate reduction, persons eligible under this section must file an application with the customer service division of the city’s finance department. Applications may be made on behalf of a senior citizen by a family member or an authorized representative, and applications based on a permanent and 8.a Packet Pg. 53 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 8 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate total disability may be made on behalf of a child by a parent, legal guardian, or other authorized representative. The customer service manager may require applications and accompanying documentation to be submitted annually. D. Processing and approval. Determination of eligibility shall be made by the city’s customer service manager, or his or her designee, based upon the information given in the eligible customer’s application. The customer service manager may determine acceptable forms of proof of tenancy, income, or disability, and such forms may include, but are not limited to, tax documents and social security documents. If timely received, and upon approval of the application, the applicant’s household will receive the reduced utility rate for water and sewerage utilities beginning the first day of the month following approval. SECTION 2. – Severability. If any one or more section, subsection, or sentence of this ordinance is held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. SECTION 3. – Savings. The existing Chapter 7.01 of the Kent City Code, which is repealed and replaced by this ordinance, shall remain in full force and effect until the effective date of this ordinance. SECTION 4. – Corrections by City Clerk or Code Reviser. Upon approval of the city attorney, the city clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; ordinance, section, or subsection numbering; or references to other local, state, or federal laws, codes, rules, or regulations. 8.a Packet Pg. 54 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) 9 Replace Chapter 7.01 KCC –Collection of Delinquent Utilities & Lifeline Utility Rate SECTION 5. – Effective Date. This ordinance shall take effect and be in force thirty days from and after its passage, as provided by law. DANA RALPH, MAYOR Date Approved ATTEST: KIMBERLY A. KOMOTO, CITY CLERK Date Adopted Date Published APPROVED AS TO FORM: ARTHUR “PAT” FITZPATRICK, CITY ATTORNEY 8.a Packet Pg. 55 At t a c h m e n t : K C C 7 . 0 1 U t i l i t y O r d i n a n c e U p d a t e 4 . 1 2 . 1 8 ( 1 2 5 2 : U t i l i t y O r d i n a n c e U p d a t e ) FINANCE DEPARTMENT Aaron BeMiller, Finance Director 220 Fourth Avenue South Kent, WA 98032 253-856-5264 DATE: June 5, 2018 TO: Operations Committee SUBJECT: Solid Waste Definitions MOTION: Recommend Council adopt an ordinance amending Chapter 3.18 of the Kent City Code to add definitions of “solid waste” and “solid waste collection services.” SUMMARY: This proposed ordinance seeks to clarify the services that are subject to the solid waste utility tax authorized in Kent City Code, Chapter 3.18 by adding definitions for “solid waste” and “solid waste collection services.” The lack of such definitions has led to confusion and inconsistent payment of utility taxes on solid waste collection services, including commercial recycling services. Amending the code to include these definitions will eliminate any confusion as to which solid waste services are subject to the utility tax and ensuring proper remittance on all collection services BUDGET IMPACT: None SUPPORTS STRATEGIC PLAN GOAL: Sustainable Funding ATTACHMENTS: 1. 3.18.010 Utility Tax-Definitions Final 5.21.18 (DOCX) 9 Packet Pg. 56 1 Amend KCC 3.18.020 - Re: Utility Tax - Definitions ORDINANCE NO. AN ORDINANCE of the City Council of the City of Kent, Washington, amending Chapter 3.18 of the Kent City Code to clarify provisions relating to solid waste collection services. RECITALS A. The City had levied a utility tax on “garbage service” until 2003, when it amended the code to include a broader set of collection services under the term “solid waste collection services.” B. Although the City has changed its terminology from “garbage service” to “solid waste collection services,” it has not provided a definition of “solid waste” or “solid waste collection services” in Chapter 3.18. The City has instead relied on its definition of “solid waste” from a separate chapter of the Kent City Code, Chapter 7.03. C. The lack of such definitions in Chapter 3.18 has led to confusion and the inconsistent payment of utility taxes on solid waste collection services, including commercial recycling services. D. This amendment to Chapter 3.18 is meant to clarify the services that are subject to the tax to ensure that those businesses subject to the provisions of Chapter 3.18 are properly remitting the utility tax on all collection services, including commercial recycling services. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES HEREBY ORDAIN AS FOLLOWS: 9.a Packet Pg. 57 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s ) 2 Amend KCC 3.18.020 - Re: Utility Tax - Definitions ORDINANCE SECTION 1. – Amendment – KCC 3.18.010. Section 3.18.010 of the Kent City Code, entitled “Definitions,” is amended as follows: Sec. 3.18.010. Definitions. The following words, terms, and phrases, when used in this chapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning: Cable television business means: 1. A system providing service pursuant to a franchise issued by the city under the Cable Communications Policy Act of 1984 Public Law No. 98-549, 47 U.S.C. Section 521, as it may be amended or superseded; or 2. Any system that competes directly with such franchised system by employing antennas, microwaves, wires, wave guides, coaxial cables, or other conductors, equipment, or facilities designed, construed, or used for the purpose of: a. Collecting and amplifying local and distant broadcast television signals and distributing and transmitting them; b. Transmitting original cable-cast programming not received through television broadcast signals; or c. Transmitting television pictures, film, and videotape programs not received through broadcast television signals, whether or not encoded or processed to permit reception by only selected receivers; provided, however, that “cable television service” shall not include entities 9.a Packet Pg. 58 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s ) 3 Amend KCC 3.18.020 - Re: Utility Tax - Definitions that are subject to charges as “commercial TV stations” under 47 U.S.C. Section 158, as it may be amended or superseded. Cellular telephone service means any two (2) way voice and/or data telephone or similar communications system based in whole or in substantial part on wireless radio communications, including cellular mobile service, and which is not subject to regulation by the Washington State Utilities and Transportation Commission that conflicts with or overrides this chapter. Cellular telephone service includes other wireless radio communications services including, without limitation, specialized mobile radio, paging services, personal communications, and data services, and any other evolving wireless radio communications technology that accomplishes a purpose substantially similar to cellular telephone service. Cellular telephone service is included within the definition of “telephone business” for the purposes of this chapter. Competitive telephone service means the providing by any person, firm, or corporation of telecommunications equipment or apparatus, or service related to that equipment or apparatus such as repair or maintenance service, if the equipment or apparatus is of a type which can be provided by persons that are not subject to regulation as telephone companies under RCW Title 80 and for which a separate charge is made. Gross income means the value proceeding or accruing from the performance of the particular public service business involved, including operations incidental thereto, but without any deduction on account of the cost of the commodity furnished or sold, the cost of materials used, labor costs, interest, discount, delivery costs, taxes, or any other expense whatsoever paid or accrued and without any deduction on account of losses. In addition, when determining total gross income from cellular telephone service, “gross income” shall include all income from cellular 9.a Packet Pg. 59 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s ) 4 Amend KCC 3.18.020 - Re: Utility Tax - Definitions telephone service (including roaming charges incurred outside this state) provided to customers whose “place of primary use” is in the city, regardless of the location of the facilities used to provide the service. The customer’s place of primary use is, with respect to each telephone: (a) the customer’s address shown on the telephone service company’s records; or (b) the customer’s place of residence if the telephone is for personal use, and in both cases must be located within the licensed service area of the home service provider. Roaming charges and cellular telephone charges to customers whose place of primary use is outside the city of Kent will not be taxable even though those cellular services are provided within the city of Kent. There is a rebuttable presumption that the address shown on the cellular telephone service company’s records is the place of primary use and is accurate. If the cellular telephone service company knows or should have known that a customer’s place of primary use address for a telephone is within the city, then the gross income from cellular telephone service provided to that customer with respect to that telephone is to be included in the company’s gross income. Network telephone service means the providing by any person, firm, or corporation of access to a local telephone network, local telephone network switching service, toll service, or coin telephone services, or the providing of telephonic, video, data, or similar communication, or transmission for hire via a local telephone network, toll line or channel, cable, microwave, or similar communication or transmission system. “Network telephone service” includes interstate service, including toll service, originating from or received on telecommunications equipment or apparatus in this state if the charge for the service is billed to a person in this state. “Network telephone service” includes the provision of transmission to and from the site of an internet provider via a local telephone network, toll line or channel, cable, microwave, or similar communication or transmission system. “Network telephone service” does not include the providing of 9.a Packet Pg. 60 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s ) 5 Amend KCC 3.18.020 - Re: Utility Tax - Definitions competitive telephone service, the providing of cable television service, the providing of broadcast services by radio or television stations, or the provision of internet service as defined in RCW 82.04.297, including the reception of dial-in connection, provided at the site of the internet service provider. Solid waste means all putrescible and nonputrescible solid and semisolid wastes including, but not limited to, garbage, rubbish, ashes, industrial wastes, swill, sewage sludge, demolition and construction wastes, abandoned vehicles or parts thereof, and recyclable materials. Solid waste collection service means receiving solid waste for transfer, storage, or disposal including, but not limited to, all residential and commercial collection services, public or private solid waste disposal sites, transfer stations, and similar operations. Telephone business means the business of providing network telephone service and cellular telephone service as those terms are defined in this section and includes cooperative or farmer line telephone companies or associations operating an exchange. “Competitive telephone service” shall not be considered “telephone business.” Telephone business shall include one hundred (100) percent of the business and total gross income derived from calls originating and/or billed to subscribers within the city. SECTION 2. – Administrative Rules. The finance director may develop administrative rules or tax advisories to administer Chapter 3.18 and the changes made by this ordinance. SECTION 3. – Severability. If any one or more section, subsection, or sentence of this ordinance is held to be unconstitutional or invalid, such 9.a Packet Pg. 61 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s ) 6 Amend KCC 3.18.020 - Re: Utility Tax - Definitions decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. SECTION 4. – Corrections by City Clerk or Code Reviser. Upon approval of the city attorney, the city clerk and the code reviser are authorized to make necessary corrections to this ordinance, including the correction of clerical errors; ordinance, section, or subsection numbering; or references to other local, state, or federal laws, codes, rules, or regulations. SECTION 5. – Effective Date. This ordinance shall take effect and be in force thirty days from and after its passage, as provided by law. DANA RALPH, MAYOR Date Approved ATTEST: KIMBERLY A. KOMOTO, CITY CLERK Date Adopted Date Published APPROVED AS TO FORM: ARTHUR “PAT” FITZPATRICK, CITY ATTORNEY 9.a Packet Pg. 62 At t a c h m e n t : 3 . 1 8 . 0 1 0 U t i l i t y T a x - D e f i n i t i o n s F i n a l 5 . 2 1 . 1 8 ( 1 2 5 3 : S o l i d W a s t e D e f i n i t i o n s )