06-16-1983 Computer MFC Leasef'-
Municipal Funding Corporation of America
Equipment and Facilities Funding for Local Governments
June 16, 1983
Mr. Bill James
Finance Director
Town of Avon
Post Office Box D
Avon, Colorado 81620
Re: Lease Agreement No. M -11322
Dear Mr. James:
Enclosed with this letter you will find your original copy of the Bill of Sale
for the Data Printer. This document transfers the title of the equipment over
to the Town of Avon.
We certainly enjoyed working with you over the term of this lease, and hope we
may have this opportunity again should the circumstances warrant it.
Sincerely,
MUFCOA
C
4hn D. Blanton
Pres)ident
JDB /cj
Enclosures
3151 SOUTH VAUGHN WAY, SUITE 510 • AURORA, COLORADO 80014 • (303) 696 -6600
This STATEMENT is presented to a filing officer for filing pursuant to the Uniform Commercial Code: I 3.Maturity date (if any):
1. Debtor(s)'(Lost Name First) and address(es'` ' 2. Secured Party(ies) and address(es) For Filing Officer (Date, Time and Filing
Town of Avon Munielpal 3:1iii:Lting Corp. Office)
of America
Avon, CO 3151 S. Vaughn Way, Suite 510
Aurora, Colorado 50014
4. This statement refers to original Financing Statement bearing File No. 499227
Filed with State o€ COI(W rjo Date Filed June 22 19 81
5. ❑ Continuation. The original financing statement between the foregoing Debtor and Secured Party, bearing file number shown above, is still effective.
6.a Termination. Secured party no longer claims a security interest under the financing statement bearing file number shown above.
7. ❑ Assignment. The secured party's right under the financing statement bearing file number shown above to the property described in Item 10 have
been assigned to the assignee whose name and address appears in Item 10.
8. El Amendment. Financing Statement bearing file number shown above is amended as set forth in Item 10.
9.❑ Release. Secured Party releases the collateral described in Item 10 from the financing statement bearing file number shown above.
10.
No. of additional Sheets presented:
Ibmicipal Fundinst Corp. of America
By•Signature(s) of Debtor(s) (necessary only if Item 8 is applicable). By. Signature(s) of Secured Party(ies)
(5) Debtor Copy ORIGINATOR - Remove this copy and forward balance of form intact for filing.
BILL OF SALE
KNOW ALL MEN BY THESE PRESENTS: That Municipal Funding
Corporation of America of Denver, Colorado, in consideration
of the sum of $9022.25, the receipt of which is hereby
acknowledged, do hereby grant, bargain and sell to the Town
of Avon, of Avon, State of Colorado, the following described
goods and chattels, to wit:
One (1) M -200 Data Products Printer
One (1) I0140 DOTOV CRT Terminal
Two (2) UDS 12 -12 Dial -Up Modems
We hereby convenant that we are the lawful owners of the
said goods and chattels; that they are free from all
encumbrances; that we have the right to sell the same as
aforesaid; and that we will warrant and defend the same
against the lawful claims and demands of all persons. Too
have and to hold all and singular the said goods and chat-
tels to the Town of Avon to their own use forever.
IN WITNESS WHEREOF, We have hereunto set our hands this
16th day of June, 1983.
MUNICIPAL FUNDING CORPORATION OF AMERICA
Witness Vohn D. Blanton, President
Subscribed and sworn before me this 16th day of
June , 1983 .
Notary Public
My commission expires: July 18, 1984
Zotm of '�ilvn
V. 0_ Pax P
, ban, (dalarabo SIM
(303) 949 -4280
March 29, 1983
Municipal Funding Corp.
155 S. Madison St.
Suite 301
Denver, CO 80209
RE: Lease #M -11322
Gentlemen:
On May 1, 1983 we will make our final payment of $ 2,512.26
for the following:
one I0140 DOTOV CRT Terminal
two UDS 12 -12 Dial -UP Modems
Sincerely,
Bill es
Fin e Director
BJ /vmm
■II IIIIN 1= 1onk\■
Municipal Funding Corporation of America
Equipment and Facilities Funding for Local Governments
May 26, 1981
Mr. Louis Acosta
Financial Officer
Town of Avon
P. 0. Box D
Avon, Colorado 81620
Dear Mr. Acosta:
Attached to this letter is your copy of our Municipal Agreement and
invoices for your first two payments for your files and payment records.
Thank you for selecting Municipal Funding Corporation of America to
provide your equipment leasing needs. If you should have any questions
about your lease, please let us know. Also, we would be delighted to
work with you on any of your current or future equipment needs.
Kindest regards,
MUFCOA
V
John D. Blanton
President
JDB /sjg
Enclosure
155 SO. MADISON STREET, SUITE 301 • DENVER, COLORADO 80209 • (303) 388 -5775
TWX 910 - 931 -2979
>j MUNICIPAL LEASE AND OPTION 1 "EEHENT
Lessor: Municipal Funding Corporation of America Lease No.M -11322
155 South Madison Street, Suite 301
Denver, Colorado 80209
Lessee: Town of Avon
Avon, Colorado
Property: See Exhibit A attached hereto and made a part hereof.
Rent: See Exhibit B attached hereto and made a part hereof, and
paragraph 2.
Stipulated Value: See Exhibit B attached hereto and made a part hereof.
Commencement Date: May 10, 1981
After discussions with the Supplier's Representative for the Property
described on Exhibit A, Lessee has selected the Property and desires to lease
the Property for use in its business. To facilitate the financing of this
agreement, Municipal Funding Corporation of America has agreed to purchase the
Property and transfer it to Lessee pursuant to the terms of this agreement. For
purposes of the financing arrangement set forth in this agreement Municipal
Funding Corporation of America is referred to as the "Lessor ". The parties
agree as follows:
1. Lease. Lessor hereby rents and
and leases from Lessor the Property for
Date. Unless Lessee notifies Lessor at
of the initial term or any renewal term
automatically be renewed for the next r
terms have been completed.
leases to Lessee and Lessee hereby rents
a term of one year from the Commencement
least thirty (30) days prior to the end
(see Exhibit B), this agreement will
�newal term until all scheduled renewal
2. Rent. (a) Lessee agrees to pay rent for the inital term and any renewal
terms at the rate stated in Exhibit B. The rental amounts include interest on
the Principal Cost of the Property. All rentals shall be paid to Lessor at its
offices, 155 S. Madison St., Denver, Colorado 80209, or to such other person or
entity and at such other place as Lessor may from time to time designate by
written notice to Lessee.
(b) The parties understand that as long as Lessee has sufficient
appropriated funds to make the payments hereunder, it will keep this agreement
in effect through all the renewal terms and make all payments or it will exer-
cise its option under paragraph 12 to purchase the Property. If Lessee does not
have sufficient appropriated funds so that this agreement is not renewed for an
available renewal term, the Lessee shall not, until the date on which the last
renewal term would have ended, expend any funds for the purchase or use of pro-
perty similar to the Property subject to this agreement. The preceeding sen-
tence shall not apply if Lessee has purchased the Property under Paragraph 12.
3. Taxes; Permits. (a) Lessee agrees to pay, and to indemnify and hold
Lessor harmless from, all license, sales, use, personal property or other taxes
together with any penalties, fines or interest thereon imposed or levied with
respect to the Property or the ownership, delivery, lease, possession, use,
operation, sale or other disposition thereof or upon the rentals or earnings
arising therefrom, except any federal or state income taxes payable by Lessor.
Lessee may in good faith and by appropriate proceedings contest any such taxes
so long as such proceedings do not involve any danger of sale, forfeiture or
loss of the Property or any interest therein.
(b) Lessee shall provide all permits and licenses necessary for the
installation, operation and use of the Property. Lessee shall comply with all
laws, rules, regulations and ordinances applicable to the installation, use,
possession and operation of the Property. If compliance with any law, rule,
regulation, ordinance, permit or license requires changes or additions to be
made to the Property, such changes or additions shall be made by the Lessee at
its own expense.
4. Use. Lessee will not install, use, operate or maintain the Property
improperly, carelessly, in violation of any applicable law or in a manner
contrary to that contemplated by this agreement. .
Page 1 of �� pages
Lease No. M -11322
5. Repairs. (a) At its own cost and expense Lessee shall service, repair
and maintain the Property so as to keep the Property in as good condition,
repair, appearance and working order as when delivered to Lessee hereunder,
ordinary wear and tear excepted. At its own cost and expense Lessee shall
replace any and all parts and devices which may from time to time become worn
out, lost, stolen, destroyed, damaged beyond repair or rendered unfit for use
for any reason whatsoever. All such replacement parts, mechanisms and devices
shall be free and clear of all liens, encumbrances and rights of others, and
shall become the property of Lessor and shall be covered by this agreement to
the same extent as the Property originally covered by this agreement.
(b) Lessor shall not be liable or responsible to Lessee for any loss,
damage, liability or expense of any kind caused by or related to the Property,
or resulting from any defect in or deficiency of the Property, or resulting from
any defect in or deficiency of the Property, or resulting from the use or opera-
tion of the Property.
6. Alterations. Lessee may install such miscellaneous equipment as may be
necessary for using the Property for its intended purposes. All such equipment
placed or installed on the Property may be removed by Lessee upon termination of
this agreement provided that removal will not substantially damage the.Property.
Without the prior written consent of Lessor, Lessee shall not make any other
alterations, changes, modifications, additions or improvements to the Property
except those needed to comply with Lessee's obligation under paragraph 5. Any
such alterations, changes, modifications, additions and improvements made to the
Property shall immediately become the property of Lessor.
7. Liens. Lessee shall not directly or indirectly create, incur, assume or
suffer to exist any mortgage, pledge, lien, charge, encumbrance or claim on or
with respect to the Property or any interest therein. Lessee shall promptly, at
its own expense, take such action as may be necessary to duly discharge any such
mortgage, pledge, lien, charge, encumbrance or claim if the same shall arise at
any time.
8. Damage to or Destruction of Property. (a) In the event all or any part
of the Property is lost, stolen, destroyed or damaged beyond repair, Lessee
shall replace the same at Lessee's sole cost and expense within 30 days after
such event. If Lessee fails or refuses to replace such Property within the
required period, Lessor may at its option declare an amount equal to the then
current option to prepay amount for such Property (as specified in paragraph 12
hereof) due and payable. Upon such payment, this agreement shall terminate with
respect to such Property so paid for and Lessee thereupon shall become entitled
to such Property as -is- where -is.
(b) No loss or damage to the Property or any part thereof shall impose
any obligation on Lessor under this agreement which shall continue in full force
and effect. Lessee assumes all risks and liabilities, whether or not covered by
insurance, for loss or damage to the Property and for injuries or deaths of per-
sons and damage to property, howsoever arising from or incident to the use,
operation or storage of the Property, whether such injury or death be with
respect to-agents or employees of the Lessee or of third parties, and whether
such damage to property be to Lessee's property or the property to others.
9. Indemnification. Lessee shall and does hereby indemnify and save Lessor
harmless from any and all liability arising out of the ownership, selection,
possession, leasing, renting, operation, control, use, maintenance, delivery
and /or return of the Property including but not limited to injuries causing per-
sonal injury property damage and /or death but shall be credited with any amounts
received by Lessor with respect thereto from liability insurance secured by
Lessee: That said indemnification shall include all costs and expenses incurred
by Lessor in connection with any suits or actions resulting from any such liabi-
lity.
Page 2 of 10 pages
c �•�'�'l c Poz '
Lease No. M -11322
10. Insurance. At its own cost and expense, lessee shall cause casualty
insurance to be carried and maintained on all Property and shall carry public
liability and property damage insurance, with all such coverage to be in such
amounts, and against such risks as to fully protect Lessor as its interest may
appear. All insurance policies shall name both Lessor and Lessee as insureds.
Insurance proceeds from casualty losses to the extent of the then current option
price of the respective Property shall be payable solely to Lessor. Lessee
shall deliver to Lessor the policies of evidence of insurance satisfactory to
Lessor, together with receipt for the initial premiums before the Property is
delivered to the Lessee. Renewal policies, together with receipts showing the
payment of the applicable premiums, shall be delivered to Lessor at least 30
days before termination of the policies being renewed. By endorsement upon the
policy or by an independent instrument furnished to Lessor, each insurer shall
agree that it will give Lessor at least 30 days' written notice prior to can-
cellation or alteration of the Policy. Lessee shall also carry workmen's com-
pensation insurance covering all its employees working on, in or about the
Property and shall require any other person, corporation, partnership or other
entity working on, in or about the Property to carry such coverage, and will
furnish to Lessor certificates evidencing such coverage throughout the term of
this agreement.
11. Representations and Warranties. (a) Lessor, at the request of Lessee,
has ordered or will order the Property described on Exhibit A. The Property has
been selected by Lessee and Lessor shall not be liable for specific performance
of this agreement or for damages if for any reason the supplier fails,to accept -
such order or delays or fails to fill the order. Lessee agrees to accept such
Property and authorizes Lessor to add the serial number of the Property to
Exhibit A. Lessor shall have no obligation to install, erect, test, inspect, or
service the Property.
(b) Lessor hereby assigns to Lessee for and during the term of this
agreement all manufacturer's warranties and guarantees, expressed or implied,
issued on or applicable to the Property and Lessor authorizes Lessee to obtain
the customary services furnished in connection with such warranties and guaran-
tees at Lessee's expense. Lessee acknowledges that the Property has been
purchased by Lessor in accordance with Lessee's specifications and from vendors
selected by Lessee and that Lessor is not 'a manufacturer of or a dealer in such
Property. LESSOR MAKES NO EXPRESS OR IMPLIED WARRANTIES INCLUDING, BUT NOT
LIMITED TO: THE MERCHANTABILITY OF THE PROPERTY, ITS QUALITY OR FITNESS FOR A
PARTICULAR PURPOSE, ITS DESIGN, CONDITION OR WORKMANSHIP; ITS FREEDOM FROM
PATENT INFRINGEMENT; THE ENFORCEABILITY OF THE MANUFACTURER'S WARRANTIES AND
GUARANTEES; OR AS TO THE TAX OR ACCOUNTING TREATMENT OF THE LEASE OF THE
PROPERTY, AND HEREBY DISCLAIMS THE SAME.
(c) Lessee has made the selection of each item of Property based upon
its own judgement and expressly disclaims any reliance upon any statements or
representations made by Lessor or any persons on Lessor's behalf. LESSOR IS NOT
RESPONSIBLE FOR ANY REPAIRS OR SERVICE TO THE PROPERTY, DEFECTS THEREIN, OR
FAILURES IN THE INSTALLATION OR OPERATION THEREOF. LESSOR SHALL NOT BE LIABLE
FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY CHARACTER
AS A RESULT OF LEASE OF THE PROPERTY, INCLUDING WITHOUT LIMITATION LOSS OF
PROFITS, PROPERTY DAMAGE OR LOST PRODUCTION, WHETHER SUFFERED BY LESSEE OR ANY
THIRD PARTY.
(d) Lessor is not responsible for, and shall not be liable to Lessee for
damage resulting from the inoperability or loss of value of the Property due to
any cause or situation (including without limitation governmental actions or
regulations or actions of other third parties) whether or not presently fore-
seeable.
(e) Lessee represents and warrants that it has power to enter into this
agreement, that all required procedures for execution of this agreement,
including competitive bidding if applicable, have been complied with, and that
all rentals will be paid out of funds which are legally available for such pur-
poses.
12. Option to Prepay. Lessee shall have the option to obtain clear title to
the Propety at the end of the initial term or any renewal term for a price equal
to the stipulated Value of the Property as of the end of such term plus the
interest accrued on the Principal Balance, if any, since the last rental payment
due date (see Exhibit B). The option is exercisable by written notice to Lessor
not less than 30 days prior to the end of the current term. The closing shall
be within 10 days of the end of the current term at the offices of Lessor. At
the closing, Lessor will deliver to Lessee documents releasing any and all liens
Lessor holds on the Property.
Page 3 of 10 pages
l� Lease No. M -11322
13. Default. __.'the event Lessee fails to pay rent or any other amount
herein provided when due and payable, or in the event the Lessee fails to per-
form promptly any of the other obligations or covenants herein or under any
other agreement between the parties, or if Lessee breaches the representations
or warranties set forth herein, or if Lessee shall become bankrupt, then in any
such event Lessor may pursue one or more of the following remedies (which shall
be cumulative and exercisable concurrently or separately) as Lessor in its sole
discretion may elect:
(a) Terminate this agreement and repossess the Property leased
hereunder, in which event the rent for the remainder of the then fiscal term or
any other charge except rent payments provided for herein which is unpaid shall
become immediately due and payable.
(b) Repossess and lease the Property or any portion thereof for such
period and rental and to such other persons as Lessor may elect, and apply the
proceeds of any such leasing, after deducting the costs and expense of
repossessing, repairing, storing and leasing, in payment of the rent and the
other obligations of Lessee hereunder.
(c) Repossess and sell the Property or any portion thereof at public or
private sale without demand or notice of intention to sell and apply the pro-
ceeds of any such sale, after deducting the costs and expenses of repossessing,
repairing, storing and selling the Property (including attorneys' fees not to
exceed 18 percent of the balance of the rentals hereunder at the time of
default), in payment of the rent and other obligations-of Lessee hereunder. -
Lessor may purchase the Property at such sale.
(d) Any remedy available at law or in equity.
With respect to all such remedies, Lessee hereby expressly waives any damages
occasioned by the repossession, and if any Property has been lost, stolen,
destroyed or damaged beyond repair, Lessee shall pay to Lessor an amount equal
to the then current option purchase price for such Property as specified in
paragraph 12 hereof (less the credit for insurance Proceeds) to Lessor.
14. Termination. Upon the expiration of this agreement or the earlier term-
ination thereof, Lessee shall return the Property to Lessor in the condition,
repair, appearnace and working order required in paragraph 6 hereof (unless
Lessee has paid Lessor the then current option purchase price for such
Property), in the following manner as may be specified by Lessor:
(a) By delivering the Property at Lessee's cost and expense to such
place as Lessor shall specify within the continental United States.
(b) By loading such item of Property at Lessee's cost and expense, on
board such carrier as Lessor shall specify and shipping the same, freight pre-
paid, to the destination designated by Lessor. Lessee shall obtain all govern-
mental authorizations to permit return of the Property to Lessor and Lessee
shall pay to Lessor such sum as may be necessary to cover replacement of all
broken or missing parts. Lessee shall pay rentals on the Property at the.rate
provided in paragraph 2 and Exhibit B until the Lessee has delivered the
Property to Lessor as provided in (a) and (b) above, including during the period
of any delay caused by the lack of governmental authorization to return the
Property to Lessor.
15. Assignment and Sublease. (a) Without the prior written consent of
Lessor, Lessee shall not: (i) assign, transfer, pledge, or hypothecate this
agreement, the Property or any part thereof, or any interest therein, or (ii)
sublet the Property or any part thereof, or permit the Property to be used for
any purposes not permitted by paragraph 4. Consent to any of the foregoing pro-
hibited acts shall not constitute a consent to any subsequent like act by Lessee
or any other person.
(b) It is understood that Lessor may assign this agreement or mortgage
the Property and that said assignee may assign the same. All rights of Lessor
hereunder may be assigned, pledged, mortgaged, transferred or otherwise disposed
of, either in whole or in part, without notice to or consent of the Lessee. If
Lessor assigns this agreement or the rentals due or to become due hereunder, or
any other interest herein, whether as security for any of its indebtedness or
otherwise, no breach or default by Lessor hereunder or pursuant to any other
agreement between Lessor or Lessee, should there be one, shall excuse perfor-
mance by Lessee of any provision hereof.
16. Personal Property. The Property is and shall at all times be and remain
personal property.
Page 4 of 10 panes
ti. ilLle. IlL1e to Lne rroperLy Snall De In Lne Lessee, SuD]ecE ro Lne
terms and conditio of this agreement and Lessee" obligations hereunder.
Title shall immedi ely vest in Lessor if Lessee snall default or terminate
hereunder and Lessee agrees to execute a bill of sale or any other document
required by Lessor to transfer the title. Lessor shall at all times have access
to the Property for the purpose of inspecting it, observing its operations or of
altering, repairing and improving the Property.
18. Lessor's Right to Perform for Lessee. If Lessee fails to make any
payment or fails to perform or comply with any of its covenants or obligations,
Lessor may at its election, make such payment or perform or comply with such
covenants and obligations and the amount of such payment and the expenses
incurred by Lessor in performing or complying with such covenants and obliga-
tions, as the case may be, together with interest thereon at the highest legal
rate shall be deemed additional rent payable by Lessee upon demand.
19. Interest. If Lessee fails to pay any rental or other amount due
hereunder within 30 days after the due date hereof, Lessee shall pay to Lessor
interest on such delinquent payment from the due date until paid at the rate of
18 percent per annum.
20. Offset. Rentals or other sums payable by Lessee pursuant to this
agreement shall not be subject to set -off, deduction, counterclaim or abatement
and Lessee shall not be entitled to any credit against such rental or other sums
for any reason whatsoever, including, but not limited to any damage or destruc-
tion of the Property or any restriction or interference with Lessee's use of the
Property.
21. Nonwaiver. No covenant or obligation to be performed by Lessen may be
waived except by the written consent of Lessor. Forbearance or indulgence by
Lessor in any regard whatsoever shall not constitute a waiver of the covenant or
obligation and until complete performance by Lessee of said covenant or obliga-
tion Lessor shall be entitled to invoke any remedy available to it under this
agreement despite said forbearance or indulgence. No collection of rental shall
operate as a waiver of any default.
22. Notices. All notices to be given under this agreement shall be made in
writing and mailed to the other party at its address set forth herein or at such
address as the party may provide in writing from time to time. Any such notice
shall be deemed to have been received 72 hours after mailing of this agreement
between the parties.
23. Additional Provision. The provisions set forth on the Exhibits to this
instrument are incorporated herein by reference and are made a part of this
agreement between the parties.
24. Miscellaneous. (a) This agreement shall be construed and governed in
accordance with the laws of the State of Colorado.
(b) This agreement and the exhibits attached hereto constitute the
entire agreement between the parties and this agreement shall not be modified,
amended, altered or changed except by a written document signed by both parties.
(c) Any provision of this agreement found to be prohibited by law shall
be ineffective to the extent of such prohibition without invalidating the
remainder of the agreement.
(d) Subject to the provision of paragraph 15, this agreement shall be
binding upon and inure to the benefit of the parties and their respective suc-
cesors and assigns.
(e) The parties agree to execute such additional documents as may be
appropriate to carry out the provisions of this agreement.
(f) The provisions of paragraphs 2, 9 and 11 shall survive termination
of the agreement.
IN WITN SS WHEREOF, the parties have executed this agreement this /a-
d ay of
ATTEST: LESSOR:
Mu i al Fun in Corporation of America
Title
Lessee: Town of Avon (CO)
ge
1
Title
By
Title
Page 5 of 10 Pages
CERTIFICATE AS TO ARBITRAGE
I, the undersigned officer of
(the "Lessee ") being the person duly charged, with others, with responsibility for
issuing the Lessee's obligation in the form of that certain agreement entitled
"Municipal Lease and Option Agreement" (the "Agreement ") dated
19 and issued said date HEREBY CERTIFY that:
Town of Avon (CO)
1. The Agreement was issued by the Lessee under and pursuant to
Colorado
law to finance the acquisition of certain equipment described therein.
2. Pursuant to the Agreement, the Lessee is entitled to receive said equipment
in consideration for the obligation of the Lessee under the Agreement. Said equipment
will be used in furtherance of the public purposes of the Lessee. The Lessee does not
intend to sell said equipment or said Agreement or to otherwise dispose of said equip-
ment during the term of the Agreement. The Lessee will not receive monies or funds
of other "proceeds" as a result of the Agreement.
3. The Agreement may be assigned without the consent of the Lessee by Municipal
Funding Corporation of America ( "MUFCOA ") the second and only other party to the Agree -
ment. If MUFCOA assigns the Agreement or sells or otherwise transfers the Agreement
for monetary consideration to MUFCOA, no such consideration or proceeds will inure to
the Lessee, -the sole consideration to the Lessee being the aforesaid equipment together
with warranties and maintenance obligations relating to said equipment.
4. The Lessee expects to make payments under the Agreement from its general funds
on the basis of annual appropriations in amounts equal to the required payments under
the Agreement. The remaining general funds of the Lessee are not reasonably expected
to be used to make such payments.
5. The Lessee has not received notice that its Certificate may not be relied
upon with respect to its own issues nor has it beeen advised that any adverse action
by the Commissioner of Internal Revenue is contemplated.
To the best of my knowledge, information and belief the expectations herein
expressed are reasonable and there are no facts, estimates or circumstances other
than those expressed herein that would materially affect the expectations herein
expressed.
IN WITNESS WHEREOF, I have hereunto set my hand this
%s-- -/ A day of
LESSEE: Town of Avon (CO)
Title ar,� '►'
Page 6 of 10pages
IF 1,8rj I Municipal Funding Corporation of,"rica
155 So. Madison Street, Suite 301
Denver, Colorado 80209
(303) 388 -5775
Lease No. M -11322
Exhibit "A"
DF.SCRIPT'f0N OF PROPFRI'Y
One (1) M -200 Data Products Printer
One (1) 10140 DOTOV CRT Terminal
Two (2) UDS 12 -12 Dial —Up Modems
Page 7 of 10 pages
� M Municipal � of America B5 So. Madison Street, Suite
3t-./
I}eovec. Colorado 88209
(303) 388'5775 � M-1I922
l�u�o_____
Exhibit ^D^
PRINCIPAL PRINCIPAL THXES TOTAL STIPULHTED
RYMENT OUTSTHNDING INTEREST REPAYMENT PAYMENT DUE PAYMENT VHLUE
6795.00
-----------------------------------------------------------------
1
6541.00
0.00
254.00
254.00
0.00
254.00
7794.16
14
2
6405.50
118.50
135.50
254.00
0.00
254.00
7597.85
4403.59
3
6267.55
116.05
137.95
254.00
0.00
254.00
7400.83
79.78
4
6127.10
113.55
140.45
254.00
0.00
254.00
7202.34
177.38
5
5984.10
111.00
143.00
254.00
0.00
254.00
7002.35
254.00
6
5838.51
108.41
145.59
254.00
0.00
254.00
5800.87
0.00
7
5690.28
105.77
148.23
254.00
0.00
254.00
6597.88
254.00
8
5539.37
103.09
150.91
254.00
0.00
254.00
6393.36
3590.80
9
5385.72
100.35
153.65
254.00
0.00
254.09
6187.31
23
10
5229.29
97.57
156.43
254.00
0.00
254.00
5979.72
2717.04
11
5070.03
94.74
159.26
254.00
0.00
254.00
5770.56
2349.00
12
4907.88
91.85
162.15
254.00
0.00
254.00
5559.84
!ENEWHL PERIOD 1
13
474?.
88.91
165.09
254.00
0.00
254.00
5347.54
14
457.71
85.92
168.08
254.00
0.00
254.00
5133.65
15
4403.59
82.88
171.12
254.00
0.00
254.00
4918.15
16
4229.37
79.78
174.22
254.00
0.00
254.00
4701.04
17
4051.99
76.62
177.38
254.00
0.00
254.00
4482.29
18
40
73.41
180.59
254.00
0.00
254.00
4261.91
19
3687.54
70.14
183.86
254.00
0.00
254.00
4039.88
20
3500.35
66.81
187.19
254.00
0.00
254.00
3816.18
21
3309.0
63.41
190.59
254.00
0.00
254.00
3590.80
22
3115.72
59.96
194.04
254.00
0.00
254.00
3363.73
23
2918.17
56.45
197.55
254.00
0.00
254.00
3134.96
24
2717.04
52.87
201.13
254.00
0.00
254.00
2904.47
!ENEWHL PERIOD
25
2512.26
49.22
204.78
254.00
0.M0
W4. 00
lb/2.&o
26
2303.77
45.51
208.49
254.00
0.00
254.00
2438.29
27
2091.51
41.74
212.26
254.00
0.00
254.00
2202.58
28
1875.40
37.89
216.11
254.00
0"00
254.00
1965.10
29
1655.38
33.98
220.02
254.00
0.00
254.00 ,
1725.84
30
1431.37
29.99
224.01
254.00
0.00
254.00
1484.78
31
1203.30
25.93
228.07
254.00
0.00
254.00
1241.92
32
971.10
21.80
232.20
254.00
0.00
254.00
997.23
33
734.69
17.59
236.41
254.00
0.00
254.00
750.71
34
494.00
13.31
240.69
254.00
0.00
254.00
502.34
35
248.95
8.95
245.05
254.00
0.00
254.00
252.11
35
0.00
5.05
248.95
254.00
0.00
254.00
0.00
TOTALS
2349.00
6795.00
9144.00
0.00
9144.00
Commencement Date First rental 9ayroem due May 10, 1981
Subsequent rental payments due monthly thereafter commencing oo
Page I of 10 pages
yr(F F, inicipal Funding Corporatioi, Jf America
155 So. Madison Street, Suite 301
Denver, Colorado 80209 Lease No. M -11322
(303) 388 -5775
MUNICIPAL CERTIFICATE
of Town of Avon (CO
, h,4 r,G'i -d c (:�7yc;�'re
hereby certify that the
Municipal Lease and Option Agreement dated <2' 19el between Municipal
Funding Corporation of America, as Lessor and Town of Avon (CO)
as Lessee, leasing the Property described in Exhibit "A" attached to the Municipal Lease and Option
Agreement, was executed by me on the %� day of 1� 19�;
r
that I have full power and authority to execute the Municipal Lease and Option Agreement and that
the power to enter into the ;Municipal Lease and Option Agreement granted to me by the
Town of Avon (CO) has not been withdrawn, and that all required procedures
necessary to make the Municipal Lease and Option Agreement a legal and binding obligation of the
Lessee have been followed. I also do hereby certify that payments due by the
Town of Avon (CO) under the Municipal Lease and Option Agreement referred
herein for the current lease term are within the current budget and within an available, unexhausted
and unetnctimbered appropriation of the
Town of Avon (CO)
IN WITNESS WHEREOF, I have set my hand this
(Signature)
19 <r
.Agency OfEi '
/��refr
(Signature)
(Tide)
Page 9 of iopages
day of
• Municipal Funding Corporation of America
155 So. Madison Street, Suite 301
Denver, Colorado 80209
(303) 388 -5775
Lease No M -11322
MUNICIPAL PROPERTY ACCEPTANCE
The undersigned Lessee, under that certain Municipal Lease and Option Agreement dated
/a , 19 "/ , with Municipal Funding Corporation of America, a
Lessor, hereby cknowledges receipt in good condition of all the Property described on Exhibit A to th(
-Municipal Lease and Option Agreement, hereby accepts -the Property and hereby certifies that the Lesso
has fully and satisfactorily performed all covenants and conditions to be performed by it under the Mu
nicipal Lease and Option Agreement.
Dated:
LESSEE: Town of Avon (CO)
Page 10 of 10pages