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Resolution No 56-2019 - Approving the Tax-Exempt Lease Purchase Financing Proposal of Key Government Finance, Inc.
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Resolution No 56-2019 - Approving the Tax-Exempt Lease Purchase Financing Proposal of Key Government Finance, Inc.
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4/8/2025 4:25:40 PM
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12/23/2019 1:09:29 PM
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Board of Public Works
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Resolutions
Document Date
12/19/2019
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Schedule to Payment Plan Agreement <br />This Schedule is entered into pursuant to Payment Plan Agreement dated as of December 19, 2019 between Seller and Purchaser. <br />1. Inte.MLQ a ion, The terms and conditions of the Payment Plan Agreement (the "Agreement") are incorporated herein. <br />2. ServiC s Descri t'ion, The Services subject to this Schedule are as set forth in that certain Network Solutions, Inc. Quote # 075460 <br />Version 3, dated 11/25/2019 (the "Services Contract"), between Purchaser and Network Solutions, Inc_ <br />3. Term and Payments, Term and Installment Payments are per the table below. Purchaser, so long as no Event of Default has occurred <br />and is continuing, shall have the option to prepay the Installment Payments due under this Schedule by paying the Principal Balance <br />shown in the table below, plus all accrued and unpaid interest thereon, plus a prepayment premium equal to 3% of the outstanding <br />principal. <br />4. Expiration, Seller, at its sole determination, may choose not to accept this Schedule if the fully executed, original Agreement (including <br />this Schedule and all ancillary documents) are not received by Seller at its place of business by December 19, 2019. <br />5. Multi -Year iervrces Payment. The Multi -Year Services Payment to Cisco Systems, Inc,, shall be $297,882.20, <br />6. Qp non of CounseR. Purchaser has provided the opinion of its legal counsel substantially in the form as attached as Exhibit A, hereto, <br />7. Commencement Date, December 19, 2019 <br />8. Payment of Proceeds. The undersigned, an authorized representative of Purchaser hereby requests and authorizes Seller to <br />disburse the net proceeds of the Agreement as follows: <br />.................................. <br />PAYEE N ....... . ... .� _. ..........�...... <br />.. <br />NAME AMOUNT PAY BY <br />Network Solutions, Inc. $297,882.20 Check —Wire <br />(please separately include vendor's <br />Mailing Address: wire instructions) <br />AC'H <br />(please separately include vendor's <br />ACH instructions) <br />9. Purchaser's Invoice Instructions: <br />PURCHASER'S BILL TO ADDRESS: <br />PURCHASER'S BILLING CONTACT: <br />First and Last Name: <br />Title: <br />Email: <br />Phone Number: <br />PURCHASE ORDER NUMBER: <br />Invoices require purchase order numbers: YES NO Purchase Order Number: <br />Payment No, Payment Installment Outstanding Principal (with Installment <br />Due Date amen a ment on Due ate <br />1 1/19/2020 $99,294.07 $198,588,13 <br />2 1/19/2021 $99,294,07 _.......... $99,294.07 <br />.—_-.-.n................... ...... <br />3 1/19/2022 $99,294 07 $0.00 <br />Taxable PPA-Appropriation Page 5 of 8 <br />Lease No. 1800128565 dated December 19, 2019 <br />KEYCORP CONFIDENTIAL - This is counterpart # of manually executed counterparts. Only counterpart # 1 constitutes chattel paper <br />
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