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HomeMy WebLinkAboutBid 32-04/05 Golf Equipment Vehicles r)Jo.s- - C ~ 0 Miami Beach ***** m ;qjr - INVITATION FOR BIDS FOR THE LEASE OF GOLF CARTS AND OTHER MISCELLANEOUS GOLF EQUIPMENTNEHICLES BID # 32-04/05 BID OPENING: AUGUST 19,2005 AT 3:00 P.M. C NIGV ~ Outstanding Agency OA4 Accreditation Achievement Award Gus Lopez, CPPO, Procurement Director City of Miami Beach - Procurement Division 1700 Convention Center Drive Miami Beach, FL 33139 http:\\www.miamibeachfl.gov F:\PURC\$ALLIJOHN\BIDS\04-05\ITB-32-04-05GOLFCARTS.doc BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 1 CITY CLERK CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY ~ '"iiiiF Condensed Title: Request for Approval to Award a Contract to E-Z Go, Division of Textron, Inc. In the amount of $188,208, in Thirty-six Monthly Installments of $5,228, Pursuant to Invitation to Bid No. 32-04/05 for the Lease of Golf Carts and Other Miscellaneous Golf EauiDmenWehicles. Issue: I Shall the City Commission approve the award? Item Summary/Recommendation: The purpose of this bid is to establish a Lease Agreement/contract, by means of sealed bids to a qualified contractor for the Lease of seventy-five (75) Golf Carts and six (6) miscellaneous Golf Equipment Vehicles for a period of thirty-six months, for the Miami Beach Golf Club. Invitation of Bid No. 32-04/05 was issued on July 21, 2005, with an opening date of August 19, 2005. Bldnet issued bid notices to eleven (11) prospective bidders and the Procurement Division Issued an additional twelve (12) bid notices, which resulted in receipt of responsive bids from Yamaha and E-Z Go. References provided by Yamaha, the lowest bidder were checked by Parks & Recreation and PCM staff as well as Procurement staff. Of the eight (8) references provided by Yamaha the results are as follows: 2 references were unsatisfied with the golf cart quality, 2 references had gasoline driven carts, not a comparable cart, 2 references were satisfied with the V-48, G22e, electric golf cart and 2 references did not respond. The Administration is recommending awarding the bid to E-Z-GO for the following reasons: · In October of 2002 the City Commission approved the award of the leasing of golf carts at the Miami Beach Golf Club to E-Z-GO, Division of Textron. For the past three (3) years the Administration, PCM (golf club management) and most importantly our golfers have been very satisfied with the quality, performance. reliability, service and responsiveness of the E-Z- GO company. . · When past experience and the experience of the users are considered, the difference in the total cost of the three (3) year bid is minimal. The total difference between the Yamaha and E-Z-GO bid for the life of the lease is $4.330.80. This equates to a monthly per cart cost of only $1.49 additional cost to maintain the current golf cart product. This further equates to less than 5 cents per day per cart over the term of the lease. APPROVE THE AWARD. Advisory Board Recommendation: I Financlallnfonnation: GL KS T:\AGENDA\2005\Sep0805\Consent\GOlFCARTSSummary.dot AGENDA ITEM DATE e~r 9-r-O) 40 CITY OF MIAMI BEACH CITY HALl 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.mlamibeachfl.gov COMMISSION MEMORANDUM To: Mayor David Dermer and Members of the City Commission Jorge M. GOnzaIA7~ CityManag~L - Date: September 8, 2005 SubJect: REQUEST FOR APPROVAL TO AWAR A CONTRACT TO E-l-GO, DIVISION OF TEXTRON INC., IN THE AMOUNT OF $188,208, IN THIRTY- SIX MONTHLY INSTALLMENTS OF $5,228, PURSUANT TO INVITATION TO BID NO. 32-04105 FOR THE LEASE OF GOLF CARTS AND OTHER MISCELLANEOUS GOLF EQUIPMENTNEHICLES. From: ADMINISTRATION RECOMMENDATION Approve the Award. BID AMOUNT AND FUNDING $62,736.00 ANALYSIS: Funding is available from Budget Account No. 011.0970.000.323. The purpose of this bid is to establish a Lease Agreement/contract, by means of sealed bids to a qualified contractor for the Lease of seventy-five (75) Golf Carts and six (6) miscellaneous G01f Equipment Vehicles for a period of thirty-six months, for the Miami Beach Golf Club to replace it's current fleet of seventy five (75) golf carts and six (6) miscellaneous Golf Equipment Vehicles. Golf carts are essential at all 18-hole golf courses, and are an integral service component at the' Miami Beach Golf Club. Residents, tourists and day guests expect golf carts will be available for their playing enjoyment.. It is a requirement that golfers utilize a golf cart when playing at the Miami Beach Golf Club in order to move play at a reasonable rate thereby maximizing the quality playing experience expected by the golfers. A fleet of seventy-five (75) golf carts is critical to both daily play and tournaments. A golf tournament can consist of up to 144 players all starting at the same time at different assigned holes on the golf course. This requires 72 golf carts, plus three (3) additional for use as spares, and to assist in providing additional services as needed such as for course marshals, rangers, volunteers, etc. Players currently pay $20.00 per player to use the cart during play and this rental is a critical revenue stream needed for the club's operation. 41 Commission Memorandum Bid No. 32-04/05 Page 2 ANALYSIS (Continued): The recommended golf carts to be leased are the 2005, E-Z-GO, MODEL# TXT-PDS, electric (36Volt System) to include the "Coastal Package". This "Coastal Package" was specified in the bid based the past 3 years experience with the effects of the salt air and salt water used to water the golf course. The package improves the vehicle's corrosion resistance. All steel painted parts (except Galvanized) shall be both Electrical Coated (E- Coated) and Powder Painted. Electrical Coating is a special process that uses electrical current to apply paint to a part or component. Additionally each cart will include the following features: STANDARD EQUIPMENT PLUS: A. Top (Sun Canopy) B. Battery Charger C. Scuff Plates D. Sweater Basket E. 2 Sand Bottles F. Vinyl Roll Down Golf Club Rain Cover G. Message Holder H. Club Logo and Number Decals I. Heavy Duty Batteries (6) J. Hubcaps K. Accent Stripes L. Bunker Rake with Holder M. Windshield Fold Down (Top Required) N. Links Type Tire O. Key Switch: CUSTOM MAINTENANCE: The Contractor shall include a Full/Complete Manufacturer's Guarantee on ALL parts, labor and materials necessary to maintain the fleet in complete operation. These costs shall be included in the bidllease price. Contractor shall be responsible for any/all pickup, delivery, and transportation charges should a golf cart(s) require replacement and/or maintenance that must be provided at a location other than the City's designated facility. Any cart(s) which must be removed from the City's designated facility/premises for service, in excess of twenty-four (24) hours, shall be replaced with another similar golf cart within forty eight (48) hours. Batteries shall be replaced in carts after they cease to perform thirty (36) holes per charge under normal circumstances, at no additional cost to the City. 42 Commission Memorandum Bid No. 32-04/05 Page 3 ANALYSIS (Continued): DELIVERY: The golf carts identified in this solicitation shall be in-stock ready for immediate delivery within thirty (30) calendar days after receipt of the purchase order. If the Contractor fails to deliver within the specified delivery time, it is understood that $25.00 per calendar day, per unit, will be deducted from the first months lease payment as liquidated damages for each day beyond the specified delivery time. ACCEPTANCE: Delivery of the golf carts to the City of Miami Beach does not constitute acceptance for the purpose of payment. Final acceptance and authorization of payment shall be given only after a thorough inspection indicates that the golf cart(s) meets contract specifications and conditions. The unites) will be inspected and accepted by the Parks and Recreation Department and the City's management company PCM (Professional Course Management). Unites) must be in conformance with the specifications and that the engineering materials and workmanship exhibit a level of quality and appearance consistent with or exceeding industry standards. It will be the responsibility of the Contractor to pick up any unit(s) found unacceptable. After notification, the Contractor will have five (5) working days to respond and make the necessary arrangement to pick up unites), and to redeliver same in five (5) working days after date of pick up. Units not in compliance with bid specifications are not eligible for, or considered delivered until corrections have been accomplished and in compliance. At the time of delivery, the contractor will be required to produce the following documents: A. Warranty certifications (including Rustproofing Warranty when applicable) B. Owner Manual C. All Shop Repair Manuals and Parts Lists called for in specifications. D. Golf Cart data sheet The golf carts shall be carefully inspected by the vendor to make sure that it is complete in detail and all components and accessories called for are in accord with these specifications. All equipment set out in the manufacturer's literature as standard equipment shall be furnished. Two copies of each of the brochures and factory specifications for golf carts and all equipment delivered shall be provided prior to delivery. Vendor will be held responsible for any defect in material and workmanship, which are of such a nature that they could not be detected by inspection or road test. 43 Commission Memorandum BId No. 32-04/05 Page 4 Analvsls (ContInued) The City's Parks and Recreation Director, along with the City's Golf Course Consultant, recommend E-Z-GO's Bid Proposal which is a 3-year CSC (Conditional Sales Contract). The City of Miami Beach will be responsible for the 36 monthly payments of $5,228 forthe 75 each electric golf carts, two (2) each Gasoline beverage carts, two (2) each electric flat bed utility carts, one (1) each electric ranger cart with light kit and safety windshield window, and one (1) gasoline range cart with caged flatbed. Invitation of Bid No. 32-04/05 was issued on July 21,2005, with an opening date of August 19, 2005. Bidnet issued bid notices to eleven (11) prospective bidders and the Procurement Division issued an additional twelve (12) bid notices, which resulted in the receipt of responsive bids from Yamaha and E-Z Go. The Bid results are attached. References provided by Yamaha, the lowest bidder were checked by Parks & Recreation and PCM staff as well as Procurement staff. Of the eight (8) references provided by Yamaha six (6) responded to: 2 references were unsatisfied with the golf cart quality, 2 references had gasoline driven carts, not comparable cart, 2 references were satisfied with the V-48, G22e, electric golf cart, and 2 references did not respond. Please see the attached reference summary for further information. RECOMMENDA TlON RATIONALE The Administration is recommending awarding the bid to E-Z-GO for the following reasons: · In October of 2002 the City Commission approved the award of the leasing of seventy-five (75) golf carts and six (6) miscellaneous service carts at the Miami Beach Golf Club to E-Z-GO, Division of Textron. For the past three (3) years the Administration, PCM (golf club management) and most importantly our golfers have been very satisfied with the quality, performance, reliability, service and responsiveness of the E-Z-GO company. · The responses to the reference checks completed on the Yamaha products. According to one of the current Yamaha lessors out of a fleet of 155 carts they have as many as 7-10 golf carts down for repairs at any given time. This would represent approximately 10%+ of the Miami Beach Golf Club fleet which represents a substantial lose of revenue on a weekly basis due to the lack of availability. An example of revenue loss is as follows: two golfers in season using one cart paying the fee of $185 (cart rental value of $20.00 per player) represents lost revenue of $370 per round, if the cart is used twice per day = $740 in lost revenue; if 7 carts are down = $5,180 per day in lost revenue. 44 Commission Memorandum Bid No. 32-04/05 Page 5 RECOMMENDA nON RA TIONALE (Continued~ · The recommendation of the City's golf course management company PCM (Professional Course Management), please see attached letter from Mr. Johnny LaPonzina. · When past experience and the experience of the users are considered, the difference in the total cost of the three (3) year bid is minimal and. not the principal basis for a recommendation. The total difference between the Yamaha and E-Z-GO bid for the life of the lease is $4,330.80. This equates to a monthly per cart cost of only $1.49 additional cost to maintain the current golf cart product. This further equates to less than 5 cents per day per cart over the term of the lease. CONCLUSION Based on the analysis of the bids received, reference checks, and past experience, it is recommended that award of contract be made to the second lowest and best bidder, E-Z- GO, Division of Textron, pursuant to Invitation to Bid No. 32-04/05 for the Lease of Golf Carts and other miscellaneous Golf/EquipmenWehicJes. Attachments: BID TABULATION REFERENCE CHECKS RECOMMENDATION LETTER FROM PCM T:\AGENDA\2005\Sep0805\Consent\GOLFCARTSCommlssion Memo.dot 45 FOR THE LEASE OF GOLF CARTS BID #32-04/05 BID TABULATION BID ITEM #1 (Electric oolf carts) QTY MONTHLY UNIT PRICE TOTAL Yamaha: 75 ea. X $55.52 = $4,163.70 X 36 MONTHS = $149,893.20 E-Z Go: 75.ea X $58.00 = $4,350.00 X 36 MONTHS = $156,600.00 BID ITEM #2 (Gasoline Beveraoe Carts) Yamaha: E-Z Go: 2 ea. X $250.00 = $500.00 X 36 MONTHS = $18,000.00 2 ea. X $250.00 = $500.00 X 36 MONTHS = $18,000.00 BID ITEM #3 (Electric Flat Bed Carts) Yamaha: E-Z Go: 2 ea. X $104.50 = $209.00 X 36 MONTHS = $7,524.00 2 ea. X $100.00 = $200.00 X 36 MONTHS = $7,200.00 BID ITEM #4 (Ranoer Cart etc.) Yamaha: 1 ea. X $93.00 = $93.00 X 36 MONTHS = $3,348.00 E-Z Go: 1 ea. X $58.00 = $58.00 X 36 MONTHS = $2,088,00 BID ITEM #5 (Ranoe Cart Flatbed) Yamaha: 1 ea. X $142.00 = $142.00 X 36 MONTHS = $5,112.00 E-Z Go: 1.ea X $120.00 = $120.00 X 36 MONTHS = $4,320.00 Grand Total (36-months) Yamaha $183.877.20 E-Z Go $188.208.00 Bid Tabulation Analvsls: EZ-GO $188,208.00 YAMAHA - 183.877.20 $4,330.80 (81-carts X $1.49/mo. = $120.30/mo. x 36 months = $4,330.80) 46 BID NO. 32-04/05 FOR THE LEASE OF GOLF CARTS Results of Yamaha's Customer Reference Check Page 1 of 2 City of Fort Myers Country Club 239-936-3126 Quality of Golf Cart - unsatisfied Service level - very satisfied Number of Cart Fleet - 155 Preference and Comments: According to Rich lamb, Director of Golf, employed with the City of Fort Myers Country Club for over 30-years, his experience with the 48V Yamaha golf cart has not been to satisfaction. Mr. lamb advised us that the sensors in the vehicle easily malfunctions when driving through puddles or during wash, and that the wiring of the entire fleet had to be changes do to constant burn out. Their fleet of 165 carts is only 14-months old, and an averages of 15-car require service each week, this equals to 10% of their entire fleet which can create a strain during their busy season, which can averages over 77,000 rounds year. Also he stated that they have a full service agreement with Yamaha that provides maintenance on a weekly basis at an additional cost of $10.00 dollars per cart per month which equals to $19,800.00, per year, $59,400.00, after 36- months. According to Mr. lamb Yamaha provides good service, but not a good golf cart. and would recommend we use EZ-GO as a superior product over Yamaha. Doral/Marriot Resort and Spa Miami, Florida 305-592-2000 Quality of Golf Cart - unsatisfied Service level - very satisfied Number of Cart Fleet - 365 carts Preference and Comments: Mike Rushing, Director of Golf, did not express any bad experiences with the wiring system in their vehicles, although he did expressed concern with the option of firm steering over flex steering to be more costly to repair, and in comparison the flex steering to require service more often. Mr. Rushing stated that his preference along with the Marriot Corporation is for EZ-GO over Yamaha, and that Doral's choice for Yamaha was financially driven. Mr. Rushing believes that their cliental base would prefer the EZ-GO brand over Yamaha. He also stated that his first choice is Club Car, followed by EZ-GO, than Yamaha in comparison to comfort, appearance and overall quality. Also that he would like to see the EZ-GO products have the Yamaha service. Key West Golf Club 305-294-5232 Quality of Golf Cart - satisfied Service level - satisfied Number of Cart Fleet - 85 carts (Gasoline) Preference and Comments: Doug Carter, Director of golf indicated that their golf cart is gasoline driven, not comparable to battery charged model (G-22e V48). Overall he was satisfied with their vehicle; he only expressed concern about the sand bucket coming loose from the vehicle. 47 BID NO. 32-04105 FOR THE LEASE OF GOLF CARTS Results of Yamaha's Customer Reference Check Page 2 of2 Grand Palms Golf and Country Club Hollywood Lakes, Florida (954)-559-2432 Quality of Golf Cart - satisfied Service level - satisfied Number of Cart Fleet - 100 carts Preference and Comments: Rick Marjama, Director of Golf, indicated that the V48 golf cart is easy to maintain because there are no grease fittings, and he is satisfied with the level of service provided by Yamaha. Mr. Marjama was an employed by EZ-GO as a South Florida sales representative. In addition to being the Director of golf for Grand Palms Golf Club, he Is also a South Florida dealer for Yamaha golf and utility vehicles. International Links Miami Miami, Florida (305)-633-4583 Quality of Golf Cart - very satisfied Service level - very satisfied Number of Cart Fleet - 72 carts (gasoline) Preference and Comments: Charlie Dalucca, Director of Golf, expressed satisfaction with Yamaha's golf cart and service. They are currently on their fourth year lease of gasoline operated vehicles, which is not comparable to the battery charged model (G-22e V48). Golf Club of Miami Miami, Florida (305)-755-7873 Quality of Golf Cart - satisfied Service level - satisfied Number of Cart Fleet - 100 carts Preference and Comments: Bill Solomon Director of Golf expressed his satisfaction for Yamaha and has no complaints. Mr. Solomon works for Miami-Dade County, and informed us that EZ-GO was recently awarded the County-wide bid for golf carts. Colony West Golf Club Ft. Lauderdale (305)-294-5232 Doug Carter Director of Golf, will out of town for next two days, left message for the Course Superintendent (Jeffery). Monterey Lakes Ft. Lauderdale 954-418-6100 Andrew Waldman, qirector of Golf, (left messages no response) 48 PROFESSIONAL COURSE MANAGEMENT August 31, 2005 Kevin Smith Director Parks and Recreation Department City Of Miami Beach 1700 Washington Avenue Miami Beach, Fl. 33139 Dear Kevin, I have reviewed the golf cart bid comparison prepared. by the City. Although the bid presented by Yamaha is slightly lower than that presented by EZ-Go, I am compelled to recommend that the contract be awarded to EZ-Go. During my 30 year career, I have had the opportunity to lease fleets from various manufacturers, including Yamaha and EZ-Go. Over that time, I have been very satisfied with the performance of the EZ-Go product and the service they provide to insure that the carts are fully operational throughout the lease term. I cannot say the same for Yamaha. In late 2003 I terminated a lease agreement .with Yamaha covering a fleet of 320 carts as a result of ongoing service and reliability issues. In addition to the service and reliability considerations, I feel the EZ-Go cart best fits the high profile of the Miami Beach Golf Club from the standpoint of comfort, aesthetic value and golfer perception of quality. In sum, I believe that the $1.49 differential per cart, per month is well worth it; the fact that every one of the facilities my company owns and operates uses EZ-Go carts, attests to how strongly I feel. Should you wish to discuss the subject in further detai~ please do not hesitate to call me. I 10500 Taft Street · Pembroke Pines, Florida 33026 (954) 433-8800 · Fax (9')4) 433-7387 . Owned and Operated hy PGA Professionals 49 TEXTRON FJNANC:li\L Lending help beyond expectations. To: CITY OF MIAMI BEACH, FLORIDA Date: 12/07/2005 Topic: Documentation Package Thank you for choosing Textron Financial Corporation for your financing needs. Enclosed you will find the appropriate documents that we require to complete your equipment transaction. Please date (by your signature only), sign and return these documents in a timely manner. If this is a Lease Agreement, please note section 10 requires the customer's initials if the customer wants property tax charged on a monthly basis. In addition, payment in the amount of $0.00 is required at this time. Please make your check payable to "Textron Financial Corporation" and include it with the completed documents. DO NOT ADD TO OR CHANGE ANY DOCUMENTS WITHOUT PRIOR CONSUL T A TION WITH THE UNDERSIGNED. KEEP ALL COPIES INTACT(a copy of the agreement and/or schedule will be sent to you when fully executed by Textron Financial Corporation). Document List: IRS Form 8038 Sch. to Municipal Agreement Instructions for IRS Form 8038 Certificate of Acceptance Incumbency Certificate Opinion of Counsel ft.fJrxhmmr No..i ;k 1? lea s e Find attacheot CO,J.n1er - e:yeCLUted dllW~/rh:;h'111 ~ U<f, flnlj ChMPIJ Or tr1.odi{;CA-1im 10 IJN~ CWCl.lnWLtJ' Wi IJ };e., N itL J flJIcI V {) i d_ ~ 1h /Ln ~ tjcu . If you have any questions, please contact Mary Williams at 800-448-7476,..>>1 t 575tJ. Return completed documents to: Textron Financial Corporation Captive Finance - Augusta 1451 Marvin Griffin Road Augusta GA 30906 800-448-7476 or 706-560-6021 (fax) 001-0212863-01-003-00005 Cover Letter Page 10[2 Please verify that you want your monthly billing statements mailed to, if it is different from the following: ATTN: ACCOUNTS PAYABLE 21 00 WASHINGTON AVENUE MIAMI BEACH FL 33139 Please verify your Federal Tax ID: 596000372 00 1-0212863-0 1-003-00005 Cover Letter Page 2 of2 TEXTRON FINANCIAL Lending help beyond expectations. OPINION OF COUNSEL I, ~u""~k. \)aa~ have examined the Municipal Agreement dated 11/14/2002, which has been incorporated by reference into Schedule No's. 01-00005-00009 (collectively, the "Schedule"), and the proceedings taken by the governing body of CITY OF MIAMI BEACH, FLORIDA (the "Lessee") to authorize on behalf of Lessee the execution and delivery of the Schedule. Based upon the foregoing examination and upon an examination of the other documents and matters of law as I have deemed necessary or appropriate, I am of the opinion that: (1) Lessee is a ~~~ duly organized and legally existing as a Pf'litkal il.l98i.i.5i~n, municipal corporatIon . illil1' pnhlk ~AtMy under the Constitution and laws of the State of FLORIDA with full power and authority to enter into the Schedule; (2) the Schedule has been duly authorized, executed and delivered by Lessee, and the Schedule constitutes a legal, valid and binding obligation of Lessee, enforceable against Lessee in accordance with its respective terms, subject to any applicable bankruptcy, insolvency, moratorium or other laws or equitable principles affecting the enforcement of creditors' rights generally. Respectfully submitted, ~~~ Attorney or he Lessee 00 1"()212863-0 1-003-00005 through 00009 7593 Opinion of Counsel (Revision Date: OliOS) TEXTRON FINANC:Ji\L Lending help beyond expectations. INCUMBENCY CERTIFICATE I certifY that I am the duly elected or appointed and acting Secretary/Clerk of CITY OF MIAMI BEACH, FLORIDA, a MuUq~ organized under the laws of the State of FLORIDA, that I have custody of the records 0 sucfi entity and that, as of the date hereof, the individuals named below are the duly eJected or appointed officers of the entity holding the offices set forth opposite their respective names. I further certifY that (i) the signatures set opposite their respective names and titles are their true and authentic signatures, and (ii) the officers have the authority on behalf of the entity to enter into Municipal Agreement, dated 111] 412002 and Schedules 01-00005 through 01-00009 thereto between CITY OF MIAMI BEACH, FLORIDA and Textron Financial Corporation. :Jt)~AM~ ~7d# d'~ Q1k~u- ff~ IN WITNESS WHEREOF, I have duly execut~i~ certificate a~ofCITY OF MIAMI BEACH, FLORIDA hereto this / L.t--: day of J:y::. /'"' . Bc05. [SEAL] [i;CAi:DeRoN ..................1 _ c..tlClOlIIS.. . ...,- ......... (IDII)a2-G54: FIortd8 Nolary Assn., Inc . ...................................J UJt?t3LJ~ ./ Secretary/Clerk (other than the person signing the documents) APPROVED M TO FORM & LANGUAGE & FOR EXECUTION OOI..C)2I286l.o1.Q03.()()OOS through 00009 7S92.Il\Qm\bcncy CeniflCllte (Revision Dale: 0 J /OS) 11:. Date TFC~ IIIJ I~ "IIIIIII'IJIJIJIJ IIIIIIII1 'I TEXTRON FINANCIAL CORPORATION TAX-EXEMP'f EQUIPMENT LEASE Lease No. TEl - tlI~!6! 1bia 1.aIIe is adCnld iDro.. of tile diIlc set bth below by 1he pIrtles idadificd below. 1. u.. _ SdIject 10 the 1aIII6 henIo1; l..ca1or Jeases 10 Lcuec, IIId LaIce leases liom l.esIor tbc equipmmt IIId odIa' JIII1llIDl prqlIl'ty topbcr with III rcpaiII, -sa-. ~'l'- mid ~ (coIIactiWlly "EQUIPMENT") lilt furth ell lIlY Schedule or SdIDduIt(I) ftida -y be __ ium time 10 time by tile ,.nics llerCIO mid idIIIIIifiad .. . ScbeduIe of this LeIse (mdividullly . "'SchIlduIe" aad eoIIediwIIy the "ScbeduII(s)"). AI ScIIeduIm shill be i..ccIqIonIled by 1dlImce IIniD aad this 1.aIIe aad all SdIoduIes which may be exa:uIIld~-- 1IIIIII~.siap__t4~ 2. SKLICI1ON. DJ:LIVD~ AND AOCEPI'ANC& - lesIee wiD Iidect aod like cIdivcry of... EQUIPMENT IeaIed han:uDdcr diIa:dy hm the EQUIPMENI"S -a, aad .. IoaIIims ..,-eed ..... by the Veador aDd LaIce. Lcuee sbaII iaIpcd tIIB EQUIPMENT at the pIIce of clelivay, aod IIpIID Ie: DqlI8cI CII&lCUIe ., ddiWl' 10 Lalor . CatiiiclIIe of AccqIlaDce with 1eIpOllt to each Ibipa8at t4 EQUJPMENT. .... aD poaposes uadertbia 1-. EQUU'MENI' wiI be COIIIidnd 8l'lCIlI*d .. euculiCII t4the CcrIiJIaIIIe m ~ 3. TIUlMS AND UNrALS.1lIe...... __ t4_ EQUIPMENT sW be.. pnMcIaI ill tbe....... 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DOt ta'DIiDMll Dllr shal1he1'Clpldiw *oru- af'l.aIor or u... be IIIIbcted by _ of lIlY lIlliIc:t iIII, ar ..... to, or 11II)' Iau ar deIIndiaD _ _ EQUJI'MENT lam lIlY -- wbIiIIDncr, or 1he ~_ with tile _tbaeaf'blllY- wIIatsoevw. 4. NON-APPIlOJ'IIIATlON - III tile __ 110 tiIDdI or iDIuIIicftt JIIIds ani appI'ClIlriMld ... 1ludJe'Id or ani olberwiIe ~ 11)' -y _ whIisGcvcr ill lIlY fiII:al pIIiod ilr nat .. ___, 1.-- will bmnIlIIiatdy DOIify I.AlIIClI' or ill 8IIipDe _1IICh ----... tbis LeIse 111III f81IIi-. m the ... day __ ___ pII'iod Ix wbida .......~ _ aoeIved witbaut peDIIty or fIIIICI* to Lcuce of.., kiIId ~.,..... to tile parliClIII altlle..... ,.,..... __...... upIIIl b wbida Imds 11IIIII haw beca ~ aad budI*d or -= adaerwise 8vaiIlIIIk. III the IWIIl of auda .......... I.- ....10 JIl*lllIbly IIIIIRllidar Jl a -u. altlle EQUIPMENT 10 ..... ell tile dde allalllillllima.. .. ~ IIIIaD lIMe all .... ad........ ripII aad JflIIIIlIIIeI to lIIb pouv-'- oIt11e F.QUJPMENT. Upaa IIICb ......,;~ -' lit ~....., u- may....y ..-- with or wilboul.... pIOCIII whrn lbe EQUJI'MENT..., be aad IIIb ",,_ion ~ (l.euce..- tbat: (i) lIlY fimdllUIbariBd ar .......... to it Ix - smIIII or aapUsi1iIa of tbis ~ - ilDctimdy timiIa' eqotlpt-t iD .., ... ~ paiod sbaII be ...... to tile payDIlIIIIS of real ____ uaIi IIICb iDII ani exbaustIId: (ial it .. !kit lID dIIc aad wit BIIt ill tile ..... ... to aM piarlly ar pKity to tile ...,.~ of auda ... 10 -leaIe, IIire, or acquilitiCll al ~ iIDcIbIIlIl)' __ ~ ... (HIlIt wiD _ lis belt d1ad11O ClbtaiD IlllllarizatiaD aad ........... ollUCb tiIDdI iacIudID8. wiIIIaut ............ tile iDduIiaIllD ill ....... _ each klIl ~ pDad duIiDs tile - Jlaea( ...... b adequate.... to lDlCt its ClbIipIiaD IUIIlIer dIis ~ ill 1Ul1. 11Iis pnMaiaD IIIIIIIIIIIl be CClIlIItNed to .. lID pamit ~ 10 ___1biI ~ iD ardcr lD aequia 1imiIIr,. ~vc.......... fmIII....... .-rtY ar ~ or to aIIocaIe Imds to cIinlcdy or iodlNady pdlnD....-aly tile __ ~ far wIIidI tbis EQUI'MENT is iDeaIded. ~ wmas that it _...... &mdI to__ ita....... ~ cIuIiIIa ill --...1fIII'llIIiItiC peIiacl) ,. AUfIlOlllTY AND AVI'IIOIU.L\1'IOJIl - LaMe ......... -'S aad wMJIIIIIS, mid if'....... by ..... wiD cIdiWI' - opiDlClII of ___ to tilt e&ct 6Iat: (1) I..-ee is . illy CCIIIIdluIId po1itic:aI ~ ar IICDCY allbe S.. .......1Idow; ("ul the ClIIlCUIiaa, deliway ... ~a--... by u.- oftlJillAae!lave'" duly IUIbariBd by all JIIlCIlSUI)' ICliClII CIlthe JlIR altlle l.cuee; - (iii) tIIis ~ CCIIIIlII>*" allpl VIIid aad biDdiDs aWipIiClII of tile I..-ee ~ iD ___ with ill tI:Iu.. u.-.... tbat: (ll) it wit do or_ to be ... all dIiDp ~ lID ...."e _ keep 1he lAaIe iD IdI iRe aad eIrect; (y) it_ CCIIIIIpIiod with .. ..... ~ wIIIR .-..ry ... by due DOIificnan ..-tIld dlis ..... far ~ ad IlIIqIliaD .. . vaUd ClIlIiplPI ell ill pM; IDd (z) it .... III6iI:icIt ~ or CIIhcr'" awi1IIIIc to pay 11I1_ due bInuaIIar btlle ClImIIIt 1iscaI pcrioIl 6. fURCIL\SI. 0I'I10N _ 1JpclD tbiIty (30).' jlIior WIittIID DOIiae fiml Lcuee 10 '--. aad povidaI tile l.cuee at such tm. or 1Il8ll)'llllll tbfndar, iI_ ia deIauIt ......, LelIa: ... Mwe tile .... lID purdIase III but _ Ills tIaIIllll tile EQUIPMENT CIl the ~ ,.,.... cIlKs MIl btIt ill Sec:\ioIl U to tile ~ Sc:heduk by pIIyiac lD Lcuar ell such date, tile .... I'Iymall ~ due ..... witb tile ~..."" I'Iymall ..-t lid f<<lh applIIill: auda.... Upoa ......4Io.Wt by Lcuce m IUCh JIlIIdIasc ~ Leuar wit ... its SllOlItity iDIaat ill the EQUIPMENT to .LeI_ aad wiD __ to I..-ee tbIIlllle EQUJI"MENT ill'ec aad.. of.., IiIIII caalell by~. 7. JIlATtJIlI OJ' THIS AGItI:DIEN'I' _ .... aad I..-ee .... tIIIIl it is their iataatiaD tbIIlthe iIIIa'CIt oll.ellor ill tile EQUIPM.ENf iI as · __ party, aad 1IIIIl Leuar DlliIba'.. Dllr MIluM aD)' equity ill 1he EQUIPMENT. 'DIe..-... tbat tile lIIP8* MIl due....... CCJDtfit... tile puzdaaIe price of tile EQUlPMEHl' IiaplblIr with tile iDm:st aD the --.. __ tIIeftd --- the.... oftbls lABI, tbat tile iDstaIaIIIII 01_ CClIIIIiIule priDcipaI_ ........ .. .. fiII1h ClII Sectiaa D m tbc appIicIIIIo ScheduID ova' tile fInD all1lc 1-. tbIIl tbc CllIICI.... ..... ___ shown ___ npnsad the IIIlp8id priDdpIII 8lIIDlIIIl of the JIl8dIuc pice al1be EQUD'MENT ...... with applicable pI8IIIiI8I ClII ~ ~... to wbic1a tbcy nUll: aad tIIIIl..- the due aDd ~ IIIIY-' oltbe - alsad adalber IIIIIlIUIIlI due ........ aad * .............t. oIl.-'s ~ UIIIdcr tills Lase. 1.asIaf1 -..it)' iaaInIt ill the EQUIPMENT IIIIaIl be Ideued. LelIa: wit.aD__ pr1ltiIlCl.... tIdmd, III itI OWJI CCIIt aad expeue, Lc:uar'. ... ill tile EQUIPMENT.... all cJaimI, Iiaas aad ..... ..-- t4 CNCIi-.s ofu... aad al1Icr JICIIIClIII, aad !Deep tile EQUIPMENT _ aad ca.: m alllICh cIIimI, u.s. JIIOl*IIS. ~ .... -. witbaut Lc:uar'1 piar writlm CCllIIIllIt, pIId with JIOIII..iClII or __ of tbe EQUlPMENI' or ... pIedee, -.. or adlawisc ___tile EQUIPMENT,. -.y partdlaeorar... or~.., iDIenlIt __1biI lase. 8. DISCJAIM&R 0' WAllltAN'n - Leacr _y. ar By DOl, be the ~ or wadar oftbe f,quipDaM. Without afI'ecIiD8lMsor'. 1iaIliIity. if.." .. _~ or WlIIdor m the f.qI,~ t'be parlia ... that LESSOIUN D'S CAPACff'i OF LESSOll MAKES NO REPRESENTA'IDN Oft WAlUtANTY, ElI1iEll EXPRESS Oft IMPUED, AS TO 1HE DESIGN OIl 00NDlI10N Of 11IE EQUJPNENT. D'S MERCHANTABIUIY OIl FD'NESS FOR. ANY PAll.11CULAR. PUIU'OSE, OR ANY 011fER It.EPItESENTA11ON OIl WAlt.RAN1Y Of ANY KIND, NAnJIlE OIl DESCIUP1DN WJTHIlESPECT TO 1HE EQUlPME'NT. . -'-"'r-H,---TI---,'. I' 9. INSURANCK . DI8iD& the UlnIl of this l.euc, LcIIee sbaII. at its expIIIIIIl, ill efIi:ct IIIl "AD llisk" Property iDsuIIDce policy coveriDg tbe EQUIPMENT. Such policy sb8Il be ill form md IIIIOUIIt md wi1h inIun:n Icx:cplIbIe to Leuor. The AD IUak I'J:opat)' iIuuraIll:e policy sbIIl _ the Lesser at 1AlIS P.,.,c sbaII provide (i) ~ no _ thlll thirty (30) days prim" writtm IIOIice of t".IIIceIIalio of_--u 10 lAsor; (ii) tbat IIId1 poI.loy shill DDt be iavaIidataJ.,.mst lee80r Ill' its usip filr illY "ioIatiOll ohllY 1mD of tile paIicy ClI' Leuee'upplicldiaD tba'efiR. md (ill) IUdl iDIuIaDce priJmIy iIIsulIDce IIlcIIIIY otber iDsuIaDl:c eovtriDg Leuor Ill' its -JIll sba1l be JIlCClIIduy ad -- of IUCh policy. 1be policy shaIl1le ~ md ill IIIIOUIIt IIOlIess tbIIl the c:unmtnplacemall CClIt of the EQUJPMENT. 10. LOSS OR DAMAGIo TO EQUII'MDO'- .. LeIaee benlby alUlllCS the IIIIile risk MIllY Iou, tbeft. dama&c to ar cIatNctioD oftbe EQUIPMENT, ClI' lIlY .-n ~ ftWllIIY- ~"tau ar n...ae"). III the evClDt af Loss to the EQUIPMENT, Lessee IbalI ~ npmt -- to tbe appmpriate iDsurIIll:c ClllIIpGieI. to ~, IIIlI to III ~ JOVfDIIIaatIl 8jpICies. LcIIee sbaIllIIJt be relieved fiom its obIipliana to pay nut or to pcdiIml..y CJIbr:r of its obIiptilllll wdcr this Lcuc by _ of lIlY Loss or Damap; . of Lessee's obliplicm IhII1 cllltiDuc ill filii filnle _ lIIIlct ~ -.b LoI. ar IlIaIMp. b. In tbe ew:aI r1...y ..... or Demap. La-. .. the .. opIioD of u.-, .w eidm: (i) pIUIIIptIy npair 6e BJUIPMENT _ place it in JllIld RpIir md WOIliD& cmditiOll ill llCCClIdance with the ~ set bib. ill Section IS, Wow; or (ii) pay LeaartbtStipulatedl.- Value, _lIaeiIIIk cIdiIIcd, witbiD IiJd)' (60)daya orJdiJiCllliOll by Les_dlatJ..eacrhaa elcdldto NCeiVll tbe StipulalLou V.auemtblrthlll require ~af1be EQUJPMEHl'. c. "'StipuIPed a.c. V.... .... be (i) .. -.at equal 10 the toaIl old JaIl_ lIIYotbl:r __ if any. due wi1h Japect to the lease at the EQUJ1'MENI' _ uC the dIlc ofpaymalt of the S1ipuIaIlld Lou Value pIua (u') the COIlc:1udiD8 paymmt -- -- 011 Sc:beduIc U ilr.... ~ dIdc. cI. 1.- shall plY 181 iDsamaI:e ~ IICCived JIIII.-l to Sllcliaa 9, abcnoe, to utilt)- Illy ablipliOll olLessee 10 u-wlllnuada''' DIIIIit tbe........ if' 1Il)'. to l.euK. 11. PAYMENT M TABS ay LU8U. In acJdilioD to ftIIt, l.-ee abIIl pay JIIOIIIPlIy d ..... -- IDd otbl:r ~ ct...- levied ar .--I.. !Alec's iIdereIt ill tbe EQUJPMENT, 1IpClII1be .. ar opaatioa ~ or 011 the --.. ariaiDs tbendiaal, - · ~ __ due, abIIl JlIIlBIIIlIJ ,., or ~ 1bc J..eacr ilr III 1u&S, ___ _ CJdla' p8DIIIIIIItIl.... (iDdultiDt feel ilr tidiDI- naIIlDIIiaD of tbe EQUIPMENT) IIlviDcl or lIIICIMId ...-1DIl paid by tbI: Uuar lID 8CCOUIIl of itII iDlicreat lD the EQUIPMENI' or levied or..... .....the EQUJPMENl' ClI' lIlY pmlbfno( ilr the UIe<< apatioD tbcIeD( <<the -. ~ to the Leuee, <<tbe raIt haeiD pmvilW ilr, arthe --..lIiaia8lMad'om, ClUlIusivc bowcvtlroflll)'''' buIIlI 011 lilt iDl:ome ofLesa'. 12. I'08SESSIO.N AND IJ8& M aQU.IrM&NT .lesIllr C(WDIalI to LcIIee dIat _lqast.--1baII1IIClt be ill...... __this ~ ...... OIlY ....._ UIe" EQUIPMENT Ja ___ wiIh tbill.-. 13. I'IJUIOIlMANCEOW OB1JG,\TI01lIS 0)1' LISSU BY USSOIl-If'Lasee sbaIl &iI to JIRIDIPlly pcrfinIlIl)' afits obJiptioaIlIIIlIIrthU ~, l.-ar _y, III Ill)' 1iIIII1IIMafIcr, plIf_ the __ witbaul thmIby waMDa the ddwIt, a.d my CllpIIIIe ar IiIbiIity iDcurftld by lMa', llIIetIIlIr widl LcIIec's tbm plCVIiIIDa .. paymmt dIarp ...!be 1Ii(lbat lawful .... wbic:bner is leu. IhaD be payable by Leuce u IIIIditicJIW JaIt""-. 14. INSPr.cno.N -1.8...<< ill..... abaD hive the ript JhlIII time to time duriDa~ buaiDeu bDI.n 10 aifa' upaa Uuee'1 premisca,'" cIsewbIIn, far the ......- af -'nDiDI the aiatrace, ClIDditicID, aDd paper----- aftbe EQlIll'MENl'. IS. OPERATION, MAlNT&NANC& AND MODlnCATlml . I.-ee sbIIlllpCl'lllC, poasc.a, _ aUdaiD the EQUIPMENT IDIl Ill)' -..-ds JICIlUIIDI tII.'ClO ill ClJIIIII1l- wi1II dlpplicllble FedlDI, ItRlDIlloc.a1aWl .... ~ 1.8_ IbaIJ IIIClt -u III)' ua1IIrial abcnIicIDs 10 the EQUIPMENT widMluI the priar wriIICD CUIIClDt ofLesMr. 1-. aWl III its _lIIIpCIIIC. maiDIIIia .... keep the EQUIPMENT ill pod __ .... tepIir iII___ will .. ~. pjIIilblcl ~ _ .. iDsInIctiaIIL All parts, -- .... CJIbr::r ,....t pmperty which _ added ar.... IIIIIdIed to the EQUIPMENT shall iIIIIDlIdia1eIy bocoaIe the JII1lI*lY CJf Leuar III DO COlt, IDIl sbIII be dllemed iDcup...A.cI ill the EQUIPMENT......qect to the tamI oftbia I.-.. ~_ Lessee abaIl . Lcuar .... uw, pmlIId. ~boId Lcuar Iioala.y IIICl a111iabiJity, I .. cIamaF. (iDdudiD& kpI aad --.bIe atsarDeyl' feel), of'ldiCD, 1Uits, dIimI or j ... a- iIjuly ... << ... a- ar upIIIl ~s imaa1 ill tbI: , or 1be __ ar seIctiCD, CXlIdId, ... . JlOI-.... deIi->, ~ ClI'IIl)' or all or the ar their Jocatioo . . or &aD Leuce's qualify ... IJllIIIlY ar plliiliclIl . .. CJf the 8laa idcatified . . the --. of ScctioG af the IDlmlllIlewDue 1986, _ aDd IbaII, It Uuee _ coat aDd ex..-, cIeJieDd my III suits which -y be apiaat l.eIIar, ei1IIlIr__ COIljlllldioa with olben, upaa lIlY such . ClI' cIIlm(s). 17. ASSIGNMENT AND SlJaa.&ASE - Lesiee shaD IIIClt sell. u.Dr, usip, pWp ClI' .ub.... ill uar.t ill I.-e ... the EQUJPMENT. without the pri..- wPttaI CIlIUf:IIt DfLeuor. Leuar1lllY usip Ibis Lcuc IIId its Ii&lda haIllIDdar ill wboIe 01' in J*t, without Uuee'. CUIICIll 18. EVENTS M DEJlAULT . 'I1Ie ____ uC III)' CJdla' foIJowiDI sbIII, III the opdoa of Lcuar .... witbout ...y IIIJtice CJtbeao tba. pIOYidId --. COIIIIIitulie _.-at af c1I6u1llllllllrtbia Lcuc: .. I.-ee IiIib to,., Ill)' lIIIl ar other __ due ~ _ such &iIIn sbaU cadiDue far - (10) days. b. Leuee flWs 10 JIIIbm III)' CJIbr::r covaut hen:ia .... luch &iJuR; COIlIiIus iJr fi&eD (1 S) claY' aftIlr wdUcll notice thlnof by l.cuor or .-. c. Leuec fila I pditiClll iIllllmlaupley or filr rearpaiDlioD ar ilr .. ~ JIlIIIlIIIIlIo the U.S. FedlnI BmIdupII:y Ad. ... ...y simlIIrLaw. cI. A --vcr, tNIItee or liqllidlllor (or other similar ofIidaJ) is appoiated filr ar taka poueWOII or cbaqJc af J..euec. substaDtiaIIy.u af its _. ar...y EQUIP'MENT. Co Lasee's iDtmIt ill Ill)' EQUJPMENT is levied upDD or IUICbecl ill lilY JII'IlC<<diIl& _ such pmceu illlllt --- ar cIiscbar&od wltbiD DiDety (90) days dMndcr. r. Lasee atIIlmptI 10 ... nd:r, eac:wdJcr. sublet or part wi1h poaessiaa or...y EQUIPMENT without Lamr's piar writtcD commt. 19. REMUIES OF LB!ISOll. L Upon the 0CllUIIaICC af III)' eveDt of default, ar at .y time tbercafter, Leuor, at illsolB optioD 1IIIY exen:iIe ODe or - af the ilIIowiDC IeIIIDCIi& (i) l.esIor _y lInIIiDIIle this I.euc ~ wriUm aee to 1-. witbaul Jlft!Iudice to...y" raIICIlflea bIln:IDler. (Ii) 1..c=-Ir III any 1ime ID8Y CIIIelIllY JRIIIiIlCl with ar witbout kpI ~ when the EQUIPMENT .May be .... Illke poaesslOll tbenlof without ....lIdiaa ccali1diDa . .......inatint of the Lflue UD1casl.eu<< lIOliIa Lessee ill writia8 of such dkt; ar (Iii) Proceecl by IpplOJIriIde 1Cli0ll cithr:r at law or ill equi1y to enrc.ec pedilrmaaec by Lasee of the IIfIPIicabIe CXM:IIIIIIts or Ibis 1.eue ar 10 _....... 1Jr1lladl tbeRof. ~ ~ r'-,'--J"i'I-r b, LcII<<. IIpOG defiluIt hcreuDder. .baIl ako be eatitIod 10 recover as Iiquida1ecl ~ lilr tile Iou or 1be bupiD IDlI DIll II . pcDIlty ID lIIIIllUIIt equal to 1be Stipulated Loss V81ue m the EQUIPMENT, as ~ ill Seetioa 10 1Ibow, II of tile .. of tbe evIIIt aI ddalllt plus iDIaest at LeII<<'. tbeD CIID'CIIt late paymart c:bqe hill tbe dIIe of ddiu1t to the dale ofpaymmt. AfWI'CpOIIeIIiGIl oftbe EQUIPMENT by ~, Lallll' .w atIIaIpt to mid.- Lc:Iscle'. clamIIFS as h..~ pnMded. l..eu<<, ill Its de cIiIaeIlGD. shd Idl <<..... tbe EQUIPMENT in a pjJic or piY* lIaIlCtiClll at which LeIIlIIr may be tbe ~ aDd 1.-<< -y UIC J..cIIec'. ....... far tile faaeIoiDI without IPblIity h l'IIIlI, COIlS, damIps. or otb:rwisa. Tbe JIIOllI*k rL IlICIa .. or Ieue, if my, IbaII be IpplieclIinI: (i) to aD of tbe Law'. COIlS, chmFI _ cxpeDICIt iDcumld in 1IIk.iD& semovin& hokIiDa. ftPAIIiIII -.... or ... tbe EQUIPMENT; thaa (Ii) to tile eYCIIt JIOl previously pet by 1-. to pay Leuor my dmaps tbea I'IDUIiDc IIDP'id ~ tbeD (Iii) toreimbulsc Uucc IDY such IUIIII previously pIid by lM8ee .. ~ ha'cuDdIr. (iY) Aay .Ulplus sbaD be nained by LcIIar. ~ IbIII pay Lral<< my ddicimu:y III (I) _ (ii) witbiD. 1m (10) clays afWJitlm teqUCIt far -. Co No zaDedy of lAuur IIcnuader sblIIl be ClIdlllivc or auy otbIIrmDllCly provided baeiD or by law, Each WII be cumuIIIlive - in IocIditioD 10 every oth.l'CIIIDdy. A waiw:r of ddIuIt IhIII DOt be. waiw:r of., ada: III' IlIbIeqIImt deIiIuIl cL ADy dl6uIt em tbe tennI of..y atba' aalJICIDCIIl elUll:4ded ~ tile ..... (iDcludbl8 "1' lIIIity CCIIIII1lIW by, CllIlIzOIliD8 Ill' UDder CGIIIDmI CUIlnlI with ....) .y lie cIecImlcI by I..cIIOI'tIll be . d6uIlUDder tile __ oftbil ~ or ..... tbe -- of ~ adw,-,- ~ l.eaee aDd lAuur. ItDy cIdiluIt ....... !be 1IlrIIII of tIais l.-c '11II)' be cIIlI:t.Rd by ~ to be . dIf'auIt lIIIdc:r tbe .... of IIIIy oil.- ~ a.-l.-ee IDlILtIIar. 20. "'RTIIY..usoRANCE - l.esIec: IbaU ..... tbe 1IIlIm haamdIlr bfaeo( aecuIe IDlI dIIIivcr to LeIIlJr .... IDIln.-Ils aDd ...-.- II ~ LeIIlIIr.-..llly cIeems-.,.lIrtbe~ ofl.-"sn,bls........ 21. NOTICES. AI DIIlioeI sWI be in wriliIIIaDd cIIIemed dcliwred wblIl po.s iDtbe U.s. MaiIIl\lIiI1IlIed or.-tifild, Mum...1IlllJlII:ded, 10....... or l.-ee at their _'cdhe...... sboMl8bove or at mJ laterlllldral tat kDoMl to tile ... 22. SlVERABILlTY - If' .1' pnwiIiaD Jw:rdn is iDvII1id __ .y lIppIieIble In, such JlIUYisiIID sW be ~ .. ....... omIII8d, but tile ~JIIUYIsiaIa IIaea( includiat cIe&ul ftIIIIldia,1baD be Ji-ldIi.Iet in~ wldl tbe..urtst -- dIInlo! 23. EN11D AGRJ.DU.NT, NO AGI.NCY. Tm.u -'Ibis......... iDcludias.at t4JIICI~ ~ tbe eadre A"....,- --- tbe J*1ia. No... or provisiIIIl oftbil LcMc may be chapd, waiwd, IIIIIDlIDd ortemlilllde aapl by. wdtIIID........1ipecI by bolII....... II i. ....-Iy .... 1bat DO nm6cbnr or olba' dIbd pIfty iI adIarizBIlD lei _ . Iplt or CIIl bebaIf rl.1be....... Tbe 1itkI ol1be Sediarls oflllis ~ _ for---.a oaly _1haIl DOt cII&uc or IiIIIlt any oftbe__ or ~-- 24. nNANONG n'ATIM&NTS - At lAuar'. ftIlIlICIt. "-- wiI1joiB I.-or in -..d8&"y ~ <<1IJIIII'IIIIIiI ,.... S..... ,Y A ~ lXIp)' rJl...'" IlIA)' be fiW .. fiaaDl:iIIs ........ -- tbe UIIiiIaD CoaIIDea:iaI Code. 25. JURISDlC'I'lON. APrLICUL& LAW - Any cIispule ariIiaI CIUI of 1IJjI Lcatc DOt otIIarwiu IdtW amicaIlI, ...... '" .:2;1' tbe coudIal......jurildidiaGaDdtbelawsaltlleStale...J: I ..... b" ~\....., u.- J M~Q.N"'~ -~,..u.c.. · 26. 1TI'LE.1bII totbe EQUJPMENI' 1baII....1o.. YtIItiJa I.--IIplIIl tbe CClIIIIl'......~ al'tJIe tenDoftbe...... ~ ,shall JellliD . IClI:IIrity iDllInIt ill tbIl EQUJPMEHI' 11IIII1 lAIIeIl shall haw made .. tbe payIII8IItIl'IlQUired ......-r - ... have .. aDd pcrbmed aD tbIl ...... It bas made .... IIIIlWi1bItaIId tbe pDSSlllsiarl .... use of the F.QUIPMENT by ..... - IIIniD pnwided. ~ ba'eby .... . IICUIity ....... iJa tbIl ~ dlIIaibed ill tbIl ~ haelD 11III i1s proaeeds to __ tbe.. a ....... I .. ~ of aD abIipIiDIlI81111 ~I rJl wbalew:r kiad _ wbcDew:r czaIIld, eItber cIimct or iDdDct, ........ ell' (O~~ ,.m..y, << 1eCODlIIKy, due or to become due.. wlldb<< _ elI.isti8a or bereaftIr lIiIiJaI- ~ wide8ced ell' acquiftld, ww. jllial ell' IeWIIII, Ill' jaiDt aDd se-a. rJl 1.- --. to l.eIMa- (1IlC1udiII8 but DOt Dmited to aD of l.-ee" ablipticml UDderibis t.e) << .y oil.- a81IIale of LeID' (all rJl wbida may be IIt:niDaflIIlr ClGkIIvcIy teiIled 111 II tile ~"); aDd Lcuee ..., ....1IIat tbIl....1II wbidl u.- iI IIIli1Ied to pwdIase .-y pDm:ity I1r i1s secwity iDIDlIt ill IUdI EquipaIr:Dt tballlIe..... .....11 by reffnDI:e 111 tbe UIlaI--' -- owiD& ifay, with lIIIpClCt 111 IIICb EquipaIelIt __ tbIl J1lIev_ SchlldaIe attbe time al.., sudI ~ IN WlINESS WHE1lEOF, tbe Lc:I1IIII' _l.essclo have each C8IIIllcI daill.-e 111 be duly ~ Thi.t.-eis___of Nov 14 .20~_.. lESSOR: lL'lSEE: ~ :': :' .J/:. . ~-IF AdcIftlII: -:-I'~ ~I: ~ ,"'~"L c:. i -r'f PItt Nil 6411! An Ap/tl:y Dl falitkal S"'visial of tile Stale Dl FL .AddrHI 2301 AIIoa ReI. Ml.uai, PI. 33140 EZGOOO47 (02101) APPROVED AS TO FORM a LANGUAGI! a FOR EXEQI'I1ON a/b7/{jV g-. --.- -T' -.-,----r;-r.. ".--r-'----... . .,#,,,8038-6 } Information Return for Tax..Exempt Governmental Obligations ... 1kidW ~ R...... C4d& s.CltiOtt 1~ ... Soo s....... 'M~. CtMklm if It.t* 1$$4tl i1~ ,'If ~ .$100000, t~ Fl)ftf'f J03\8.GC '::Mll u" 'f,,:;f,4!l;':l jf:<"", tro'h!1ntXll 2ClX~ hl'-:\""'{;f"f '<;4't'...V-1 R Authori 1 ~'$ 00!m CITY OF MIA I BEACH, FLORIDA If ~ R9lwn. <;"';k hl)t'~ II> 2 .....~~....... 596000372 4 RepM 1'Klf'lfb<<t :1 I Dale'!(l#~ .~ wid M~ fut PO, eoxlf mlliJ :. n::t ~ 10 WOOIldJrulill 2301 ALTON RD. S~"-.CilY, ~;;-o;-~ dtklt, ~, and ZIP ~ MIAMI BEACH, FL 33139 r ~di~ . ctlSp;l nmlbet of Issue (chock a o ftjuf",tit)n o Health IM)tI hf.)Splllll o lhif"li~tatl(X' . . o Ptltlfif: f,Jtft'ily. [n'..if{.tllltH,Hf fl();';Judt'''9 $.ew~ lJolldlii.l . t !(>>.tSlm,1 . . . . . U'lilitlfll'. .. , . , . . ~ ()If'i$' {~t;fl:t)lie'" Parks.& Recreation ____ II !)t~~19:)hlm1S If(>: r.l..~ 01' RM'IIS. r.htld< 00':.. 0 If OM93tlt1flS .ite iVu'J!'>, ~I< t~")l! . 0 Itnl.alati;:ln", ;,uq Ifl the fQlm Qr l.l ~1!I5t' Of i.rmaltmtrrt ~ (t1lJd( ~ . . . . . . . II> r::t don of 0 (1) u fOf (00 ~lllf<l fS\tre fOf wh$th (M f01m 1$ (q ~ flilI1omIjRlt'l>'! iiI WI!#'J1IiiC 1T"'...lU'~ ~. !Jl.ll#fJ') ) end ent.Or tho 1$_ i!tl.1l~ rnntm ttldtL'e' II 1 J '5ft ifmrucbons and atta<:h ~ 9 NJJi!rx.< ,~ui litll\' ,;'ctrICrlll' Cit legal f~;.. __. tbe RS me;)' ~ f<:Ir tllOte "trntatl:ln (a) fnlt ,,.,,.~ ctn 1 11 turm7TO '$ 226,402.00 $. 0 3.08 Uses C!. Proceeds of Bond luue tinchdnG undefwrit4n' ~ ~'C,!ted$ iff;&! 101 m::t:wed itltt:ft$t . .. . . . . . . . .. IS-SUi! pf<<:i'l of t!r111fe is:we ~M lW'k'A.U'lt fturn W 21. c:tllum-l _. . Ptoe~;!E, ~ f<< tlOt'id iUmr~ lXltrIS ~dll9 ~t:f$' ~ . J.'\:(>::tttttIS USed 1ctttedit mN1lC~. . . . . . . . . . P.oc~ itlk:K.:iJt~J to f~ ~ rtiMve <'K ~i tood Pr(}C(~tfl j~ttd to t:I.lfr~ reltm PfIOt ~s. . . . . . . . Pr'O<.:ood$ used to It(Nmlee tefulld p1a' ~ . . . . . .. futM!Mltlltt~ 24 t:htoogtr :U}. . . .. . . . . . . . . . NCflHJfiJ'Kffn ;rocee::n of ttw i$Sl.lO! (Sl.lbtract tin! ~ from me 23 .. et'Ur ~ ~. . * .~ don 0' ... fOr bond$, 31 ("nflill' the f~l'llbrflf'9 w~1Jd lWel'1ttlt' IlIAtUrity of ~ ~J$ to bft .em-eotty rl/lf~. .' ... 32 !nrm lfre retn,hfWl9 ~9hte.;j lWmatje l'lWtlumy ~'.>f the ~ to be lHtvanf:i: tdUf~ .. 13 [ntAl u~ List date on wf'lld'! the tek,$"dtM1 Por'tK wm be cahtJ . . , ., . ... 34 Erll.l;lf Hit t:lattli,~;' ~'I'(;lf1mdlJl;l Wl'thw-:...., ~$c$\IllJ(J" __Mt~ 35 l6a b J7 b "1"Uli'~ WJ. Ymd 22 23 24 25 26 27 28 29 30 X~V$ ~V$ J mer thit- attJel.ll'I! or rI~ !'.tate Vi.:llume cap it1lOC3<<l<t t{) I.he iSlllle t.lf~ Helie.' 14'1,*51 1.I.LiS tfu: 'iOM.l1I11I (jf l1e",f, r"'ocffl!d~~.ested at u) be ~lld in ap4llll!i!d ~ a.wrft!;1 ~ iltMf~ [nit.!/' t!'lli rlftitl rna~y ~ l.lt tl..... guatatt~J j~nW'4 ~at..'t . P<<\letI ~lail:':i!ll.~: a .~~ rJ th6 ~"* Me to ttl-lMd k) mM.". fo ~lW ~ tl(tb\. If !hk, ,~t.z~ it; 11 lo..,n ~ ftOm thl:! pr~ of~1 fll)H,~rnpf !$$UCt. ~OOl( II> 0 and entel tOO l1a:tJe -of efl(} ~. . and U'1e dllt:e or tlliii $~. 38 If Ih~ 1S.'\tU~1 has t~'Illtted the l~sue under Sf#Cli(ll} ?6S(t)j{SJJ.Wlii\1U) (Sm. ~e)(c.iQrjt ~ tc>>: ,. 0 39 If !he ISSl.~ ~ ~"ted t(} pay a f~ in Iteo or atlilt,.. f(tb~, r:he<:t\: bot . . . . . . II> 0 40 If the> !'$Sl.lO!f has ~d a e, ~ box . . . . . . .. ........... ... n ..1'(l\i;i( 11...w~ (,1 JIllI,jIIt'y, I ~ rtw Il'IW+ _tllt!lid ill... t<<,,,,,ll M(i ~~ ~ (W'ti U.@lJ1m_"', ,1'<<1 wll,..i:ltl'U d. "'1 ~httfJlO ;Y:.{J; ~,,;t lNly..... trn_, tlMI'~ JIf'tlr ~~. S' . ~.e I l~ For p.JWOtt OolA ... /2, '10 ~ f)?J~ , jp<#~ MW. <<H_ Cat. Ik>. Ui:r~ "om 8I38-G ~. n'~ IRS Form 8038.G TEXTR.ON FINA.N(:ll\L Lending help beyond expectations. SCHEDULE NO: 01-0000S, DATED tZJD1/'j.oo5 TO THE MUNICIPAL AGREEMENT:DAtiifii,i4ii002 1. DESCRIP110N OF THE EQUIPMENT: . ............ ,.......~.,,><~~,_~_,..~~._. .... :"h''--.her'' .... .. DESC.BJ.PIIO.N.QfJJNITS...Qf. . .". ~YP.J>:L.~.~~... ........ ,,___,,'_"__.' Qt!!-~IITY __.... ". _.........__~qlJI~~.~~!....__.__oo_._.... E-Z-GO NORTH FLORIDA 7S E-Z-GO TXT PDS COASTAL Top; Split BRANCH Windshield; Sand Bottles; Rake Kit; Message Ho.lders; Hubcaps; Pinslripes SERIAL NUMBERS (IF)j:~Pr:tCABLE) together with all accessories, attachments, substitutions and accessions. 2. EQUIPMENT LOCATION: MIAMI BEACH GOLF CLUB MIAMI FL 33140 3. The Rental Payments will be 11Ulde for the Equipment as follows: PRINCIPAL INTEREST :rOT AL RENTAL DA. TE .J?!!I? __ ..G.QMr.Q~~.I.. ._....9.QMPq~.E~r.L _.0. ._ P A. YMENT.Ptm.. SEE ATTACHMENT J PURCHASE OPTION ____AMQJI.~T~_.. .,.. _. . 4. The tenns and provisions of the Municipal Agreement described above (other than to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby incorporated into this Schedule by reference and made a part hereof. By: Name Title: TEXTRON FINANCIAL CORPORATION By: .4'-/~~ Na~atricia Herringto Title: Asst. Leasing Manager CITY OF MIAMI BEACH, FLORIDA APPROVED N3 TO . Assumes all Rental Payments and additional payments due on and prior to that date ~tt.t. ~UAGE & FOR EXeCUTION 001-021 2863-01-003.00005 7$91. S\:h.:llulc: III MUnI(ipal ^8I'ee~II1(RevisIUII Onle: 02;OS} IzhM Date Prepared by: E-Z-GO Textron I n f 0 A n a l y 5 i 5 12/ 7/05 @ 8:57am Conditional Sales Contract - Summary of Results File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH !{)jjpt,IJrnt.trf:lt J 1lJ ~ 02/.2..!~j -01 -()0005 Res u l t 5 Sum mar y Cas h F low 5 Monthly Yield Nom A/T Nom PIT Eff A/T Eff PIT ------- 5.5909% 5.5909" Total Payments Asset Cost 254,100.00 226,402.00) ROI MISF Start Date.... 12/15/05 End Date...... 1/15/09 Based On..... Calculate Term. . ... . .. . . . ... .. 37 3. 5749X 3. 5749X 5.4999X 5 . 4999'1. 3.6341" 3.6341" Pre-Tax Cash Flow Total Tax Liability After-Tax Cash Flow 27,698.00 9,694.30) Years To Recover Investment.......... 3.0679 Yrs Weighted Avg Life (Base Term)........ 2.2260 Yrs Tax-Affected WAL (ROI)............... 2.2244 Yrs Tax-Affected WAL (MISF).............. 2.2244 Yrs ------------------ ------------------ 18,003.70 ------------------ ------------------ Monthly Effective Lea 5 e C l ass f cat 0 n Customer APR - Stream 5.49589" 5.6364n.: -I Pay men t 5 lEnding pymts in Adv............... 0 Level Principal Pymt.............. No APR Calc Method............... 30/360 Simple Interest................... No BT APRs reflect Inserv............ No ----------------------------------------------------- Payment Detail Info ------------------------------------------------------ First Repeating Row Start Date *********** Payment Schedule AAAAAAAAAAA Periods Amounts/Pcts Payment Frequency pymt Method Seasonal Total Payments Monthly Arrears 12/15/05 36 1 4,350.00 ( 1.92136") 97,500.00 ( 43.06499") No 37 NA Ass e t 5 ID Description In Svc Cost Date 226,402.00 12/15/05 nit a l D irect C 0 5 t 5 Date Amount " Cost Amortize -------- Total Balloon Balloon Value Date Asset Description 1 0.00 (0.000'1.) 1/15/09 Expense 12/15/05 0.00 0.000" 100.000" 0.000" ------------------------------------------------------ IDC Tax Treatment ------------------------------------------------------- ******************** Amortize **UAUUU********** *** Expense *** Start End ID Amount Method Date Date Amount 0.00 F and C 12/15/05 1/15/09 o the rEx pen 5 e 5 ID Description " Based On Start Date Periods Amount Frequency Affects Asset Cost 12/15/05 Monthly Cash/Tax/Book T a x A c c 0 u n tin g Income Method.......... Implicit Rate IDC Method.............. Match Income Sub-Totaling.................. Period Allocation.. ..... . .. . . . . .. . .. Advance Days in Month..................... 30 Separate Fed&State Tax............ No Lease Class Residual....... 100.0000" Fed Tax Pay Method....... Minimum Est State Tax Pay Method......... Use Fed Taxpayer is............. Current Year Fiscal End Month............ December Tax Payment Day................... 15 Fi rst Year Roll-Up................ No Income Method........ Simple Interest Sub-Total ing...... ........ . . .. Period A llocat i on. . . . . . . . . . . . . . . . . .. Advance Days In Month..................... 30 SL Monthly Taxes.................. No Interest Method.............. Accrual ------------- Tax Rates ------------- *** Federal *** Date Rate Version 6.3d Page 1 Serial I: OOO-UC Prepared by: E-Z-GO Textron I n f 0 A n a l y s i s 12/ 7/05 ~ 8:57am Payment Amortization Report File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH Interest Rate: 5.4959X (Monthly) Pr;nc;pal Accrued Accrued Per Mo/Da Payment Principal Interest Balance Interest Int Balance Net Balance ---------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- o 12/15 0.00 0.00 0.00 226,402.00 0.00 0.00 226,402.00 ---------------- ---------------- ---------------- ---------------- 2005 12/05 0.00 0.00 0.00 0.00 1 1/15 4,350.00 3,313.10 1,036.90 223,088.90 1,036.90 0.00 223,088.90 2 2/15 4~350.oo 3,328.27 1,021.73 219,760.63 1,021.73 0.00 219,760.63 3 3/15 4,350.00 3,343.52 1,006.48 216,417.11 1,006.48 0.00 216,417.11 4 4/15 4,350.00 3,358.83 991.17 213,058.28 991.17 0.00 213,058.28 5 5/15 4,350.00 3,374.21 975.79 209,684.07 975.79 0.00 209,684.07 6 6/15 4,350.00 3,389.67 960.33 206,294.40 960.33 0.00 206,294.40 7 7/15 4,350.00 3,405.19 944.81 202,889.21 944.81 0.00 202,889.21 8 8/15 4,350.00 3,420.79 929.21 199,468.43 929.21 0.00 199,468.43 9 9/15 4,350.00 3,436.45 913.55 196,031.97 913.55 0.00 196,031.97 10 10/15 4,350.00 3,452.19 897.81 192,579.78 897.81 0.00 192,579.78 11 11/15 4,350.00 3,468.00 882.00 189,111.78 882.00 0.00 189,111.78 12 12/15 4,350.00 3,483.89 866.11 185,627.90 866.11 0.00 185,627.90 ---------------- ---------------- ---------------- ---------------- 2006 12/06 52,200.00 40,774.10 11,425.90 11,425.90 13 1/15 4,350.00 3,499.84 850.16 182,128.05 850.16 0.00 182,128.05 14 2/15 4,350.00 3,515.87 834.13 178,612.18 834.13 0.00 178,612.18 15 3/15 4,350.00 3,531.97 818.03 175 ,OBO. 21 818.03 0.00 175 ,OBO. 21 16 4/15 4,350.00 3,548.15 801.85 171,532.06 801 .85 0.00 171,532.06 17 5/15 4,350.00 3,564.40 785.60 167,967.66 785.60 0.00 167,967.66 18 6/15 4,350.00 3,580.72 769.28 164,386.94 769.28 0.00 164,386.94 19 7/15 4,350.00 3,597.12 752.88 160,789.82 752.88 0.00 160,789.82 20 8/15 4,350.00 3,613.60 736.40 157,176.22 736.40 0.00 157,176.22 21 9/15 4,350.00 3,630.15 719.85 153,546.07 719.85 0.00 153,546.07 22 10/15 4,350.00 3,646.77 703.23 149,899.30 703.23 0.00 149,899.30 23 11/15 4,350.00 3,663.47 686.53 146,235.83 686.53 0.00 146,235.83 24 12/15 4,350.00 3,680.25 669.75 142,555.57 669.75 0.00 142,555.57 ---------------- ---------------- ---------------- ---------------- 2007 12/07 52,200.00 43,072.32 9,127.68 9,127.68 25 1/15 4,350.00 3,697.11 652.89 138,858.46 652.89 0.00 138,858.46 26 2/15 4,350.00 3,714.04 635.96 135,144.42 635.96 0.00 135,144.42 27 3/15 4,350.00 3,731.05 618.95 131,413.37 618.95 0.00 131,413.37 28 4/15 4,350.00 3,748.14 601 .86 127,665.23 601.86 0.00 127,665.23 29 5/15 4,350.00 3,765.30 584.70 123,899.93 584.70 0.00 123,899.93 30 6/15 4,350.00 3,782.55 567.45 120,117.38 567.45 0.00 120,117.38 31 7/15 4,350.00 3,799.87 550.13 116,317.51 550.13 0.00 116,317.51 32 8/15 4,350.00 3,817.28 532.72 112,500.23 532.72 0.00 112,500.23 33 9/15 4,350.00 3,834.76 515.24 108,665.47 515.24 0.00 108,665.47 34 10/15 4,350.00 3,852.32 497.68 104,813.15 497.68 0.00 104,813.15 35 11/15 4,350.00 3,869.97 480.03 100,943.18 480.03 0.00 100,943.18 36 12/15 4,350.00 3,887.69 462.31 97,055.49 462.31 0.00 97,055.49 ---------------- ---------------- ---------------- ---------------- 2008 12/08 52,200.00 45,500.08 6,699.92 6,699.92 37 1/15 97,500.00 97,055.49 444.51 -0.00 444.51 0.00 -0.00 ---------------- ---------------- ---------------- ---------------- 2009 1/09 97,500.00 97,055.49 444.51 444.51 ================ ================ ================ ---------------- ---------------- Totals 254,100.00 226,402.00 27,698.00 27,698.00 Version 6.3d Page 3 Serial #: ooo-UC I nstructions for Form 8038-G (Revised Novem ber 2000) Information Return for Tax-Exempt Governmental ObIgatlons CautIon: KIM isaw Pf1C* If 1H# than $too,ooo. uu flortn 8038-GC, ~ ref~.. to the ~ RelWlW~. cmlfis. O~N ~ ~... Oepartm8nt of the Tnmsuty fLiJllnternat RoveD_ Servic;o Guerat Instructions ~ of Form form803eG its: UlIe'd b'f ~. d____ ~i1a1~i<<III.t<<>llf~b m .....~~by~f_) and 10 Il't(lnt(lr 1M MICIiI~ of $ClioM 141 tlwcu;h 1!lO. ~ P.,ls IIIt1n:1u(;tr VI cnlhe~af;lW~nw~_ ~~&SfJfh<__~ llan~~,....~tQth9QOO1W8f. ~ l/mto ''''1.;' n tOO~. ~ lot \1!t;o !Will Who Must Fife ., .... __ pm" tHEN, t!if lM_..... i....l1, ~ (lot) "M'~"'___ ...... ....... .... Oeclllllll9r 3'., t"" '-l\!illJt fj/w", Sl1;'''.mrJ I1r ~ 1\ ...,.,. H;'l'~ iirr':!i!'u. 'cf ....m '!iii"'" !..eSt lI':'411ltlCti.ll!W ,_ ~, i"!\:m'<i:l~'1 RftV>l\ ~ SF'It!n~.,E""~ t"iO'Nl\tl$'"o1IOll!ltlNi lflim4 LHII.,. iintll'lRlIlnrn ~ Ottler For1M That May B. RequAd I'Qf~~'(<<~...aal*~lrI _of~~tcfM.~ 9C"_lllflll!rt, ......fonn IOM-T. ~ ___ ~ IDl_ 'd~,. ~ Fu ~l\WiVlIy~. uw FMn .... ~ Rftlft'l wl~,~ ~ AdIYIty Bond__ WMn To ,lie flkt f'<<l\'l ~ Ctl (JI{ ~ tM fSlb dtt,' Of .. 2M ~ lI'Ot!#lalM 1m ~ l)f 1h!I cdIIndlIr qUMtr lrt ~ lM.,. i5lSt1Ul1id. ~ fOlm~G ~ on 1M Mdilllll oflte ~ d:1Ile l_ f'mn9. Nt ___ 1M)' M !70W00 an (tlCkn".. oIlil1'lc to Iile r t:flft OOJaG I.II'!def Sk1lOl\ J 01 Rw.. P1oo. tl&-f{)' '\988., C.fJ 6,15. l! ,. I!; (JWlmMf.1 tI't1lllt'1!! 1.ltm ~ m. on - 15 Ilt( due ~ wMlI mqil:fd Er<<If,at 1M Wfl oj NIolm '11u ~ 1$ SOOmftd In A::ot:tWtltcu \II1Itl~' Ptoc:..as 10 . AJtath 10 r.oo Flml3ii:JtH.. It ~ ~~ why Foon 8l:iJlJ.C ~.1lOI ~.IO ~ I~ m ~ Aho ndt:tH ~.. MIld.. '" ~!S~~bt;'hIRS. no tlllt .Ltlmil ~ of ltlll' tlW$I indmu. l.lr on- bm\l ~. ~ ~ To rlkl \:l€Ibw 'WhIr. To file fdoFmn~.G. n My~, "It IJIIl! IrJIlimaI ~ Setvioe ~.~. Vi "'201. Instructions for IRS Form 8038-0 ~ to Whole DoIWs Vl.'AJ _ft)W~m"feJI.m.~ ~. W~OOlliO.~~"lWltiO ~EWld~~_tlONflI$ tNcugh.~ to" mmllighar ctIlhr, D~ T..........~. r_l$ tiWW~ ~ llbOftd.............~ ."lIllt.or ~!lllaIt, en 'llltllI:h.1hit j(__l$~_~~' *lim 103 T...ampt J<MlmtHntal~ A ~~",$lt {.~ #1m ii I'd $ ~,am &t)tMI'Y ~ (~~J \i$ ~M'_~ ~ ~.. rlU$~JdI!S.. txlfld ~ by a ~ y~ftl: d/lfJlrl~l!- .\B1de;' wdim lro(~). Pri.. actMty bond, ir. ~;an (I~l iMued as pan d. lS1 UUIil in Whttlt . MCtl.'l tl'tM 1l>~ Of!!l" ~~. _1Ol':l<f \t~j \l)(;!lt'i)' p1v_.~.~..., _ . M<<e bitt tO~ of_ ~ d. fX~ Of ~ Ofttltl ~ is..., tal ~ I'1JI an~ 1I'I~IO~ilM!tfU.~ ~ IllUl"Dr~tor ~ ~ Of' (bltQlllt__bm~b~ i<<~~)l.I$l!!dferllt~ ~.._, It".~a~._~d \tIhid't flIJ 1ft kt be UIiIIl'd to ... ct fnM:lI.t ____...Ic:iliIms~itl~ 141~1 ktJlCil*<flU!hef"~ UI'il$ ~ (It} ~ Ult... Of 5,. d.... ~ Dr $S I'lliflr;n .......' Tht_~tA~i$ ~~...~ ~ 1 ''''(1)t T". __..tor ~ hw itIUit pfiat is "'Ilril>>.tI whi:h . ~_'(U'lIofh~.fi6dd <<>h<~.. 'f()~NJ'" ...~~ ;!It'>~~fU~...*1klM 1213 n 1214 __t"'~ 11W\t. 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For a iIlNIIe Dr it~ ...Ihe ...... is h '~.Ofh~. UM" An il\IIItIar!Nt dollS naI... lilt ~ idw I III :llllian IllIIflbat (EIN) 1IIhcukl ... tor OM Ol'l Form..... ~ lor E:nWi<< ~C<itf~J Nuil\OOr.. ThiS 11:1111 ~ be ooltlNd jJ\ SOOt\! Stlt\rty ~~."., okc$ 01 11)' ~ 1../100. TAX.H)f.\M I~ ,he fIN h. r'!:ll Wetl ,~'f!(,! by lt~ o.~ d1lIt! fer rOtr" 00}1} G IlIrte '~J lu( tl tile ~... fof Vl$ EW Lin4J". Met lh: prlIl:lUlIed t, IIfrlllr.two ....~1lIlr~~~ '~'~fil1~"(..g... 3.,"', ~ *} Lin4J.. 1M....cf.. Ii ()efill(_- ~ ""'~Ih+__~~1h) bOOdS Ihat MIl pari !/II 1M __ far 1M ~'1I {or~ ~$jflnj.. Pet "~Of ..1rMllt _, <<ftf. tile dIU. __ ~ to aootUlf. Lin4Jl. 11_.ill'lOtwnIlofh~,~ ~ 0lNf idQ(~l ofhUUil., Lin4J" E.rtel h Cl.lSIF' \~ or \J\Wc:rmSilltll'ilitls ~~i~l ~ (JfVl$llOOU'~ tM ~ ~.tV. If Vl$....;;koo>> ~ ~ aCVSfi> ~,.... "'NmlI' "'" _ 8 Patt tI-- Typo of Issue ~1Ilf', ItlI! lyPitCf~.-*,~ ~ tM~1NN ~Mllind ~ U!n j'.m~.ndil't} i5S1;Mt ~ iSM...... II"'" u~ Debnttions en". I) .~ a ~~ Iistinu 'WllI!J, lIOO Eh 01 Qf~Utlj ttt<< ate to USit' pt~ d Ih\lse \'~*~f!!QI!'l~<:!f""_,~ IN 11. ()..,:ft. tM 00. '.lIl tNllIIM ~ if 1.1... 11lhtt4l11 dO ml ac<lIv. fnt6\' a !~M (If It'~ ~ W'\h4'~ pf~~ LiMIt It I/W. <<ll.J!lt\Of;Si!fli> woi1';f#fll I4l<. <l1'!t;<>fJiilllM 1'1((,* 'Qfuart'Mt$, ( I ANs} (i' slmri.lm1J m\WtlC ~ ~ ('If w~ i~j. thoolt tOO iirsI a en Itm Iii'!!! If ltle ctd<.FIIioos ..~ lllIf.I!l: lcmn b;rr.d at'&;~1 ~*'S I~).. ~ wlll'ltOO ~~~ N lMywtl tlEl ~ \ItIlh tOO ptOOIIIilds of ~ l:otId$ .. $CRt.6tum de, eIw:lt tM ~ a en Itm me llM 20. CllQ_ ~ If.~.Chf~ MlIhI$~~ bltle~ .'If, ~"pcli::ttQl!,.. hllude. et ~ ~htlIlt ~~ ll__or ~ ~~.{1N$~d~"~ ....1I!ld 10 M a '~-..."} Ill$) "**. tl!Is~ if -~l$dmcllJ~ n ~b llI'l~fC.__ pt!tiodil: ~f:A ~ lind~. Do t'IOl ~ ltfi Ilat 1ttl\(l ~<<lM~ "19 ~ WI_10m of (lMb, ~"if" I\cm'~' ir;l~ Cl tM .,cI'iM_ Part .n-ooscrlptlOn of 0bIlgatI0M Lin4J 2f r('j( <<iwm ill? ~ ....... PlloCt \.I~ o.~_af\~l Fe. 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Pioc. .~. t9SQ., (;Jt 13& b"'~ IM'~ ~: .... ~_tlGc"h-..r~ alledsJlJ ""'.. b.Or/lIs n ~ lrl ~..~~ I.l~) llI'd t.l48-4~ 'l'tWI$C ""9t.fa1icnl1 penrit lilt .,.... d ........ bo1ds lo~a~ rot.. lobe ~ In ~ ~ lot COO1fll.llk'fJ ;!Iltf!f3QB 1>.1InIiOf1t Alldudlcn A.et Notka, \'ir,c_ b ht ~ 0fl.1tm lmn to l'Jln'YCd!he lIlt<<nIlf ~UIt !lrtd of the Urihtd ~ Y4llJ_~ ~~ us "lfdI:f~ WIlt rMfit ll)~. _ yi)tJ" ~ .......... ...... YOllbnot ~ to ~ Iht '~.~cn.fcmlM.~ !OhP~~N:J:~lht bm ~.. wdid 0t.1B ocftJd rtmlbar. Bwti ClIT ft!COfds ~ S04 bl1I (jf lb .~I'IMt_"""liS bQ albHt ~1Nf~~!nh Ml!tIMt6.Iotol'MV.... ~_. ~. tall ll!IlI.lM$ and MMI'I ~ ..w~.~b\'~6100. Tht"~IC~llnd"lh$ Jem"'~cn'~ ~ n.~~.tirmll' ...............ClITUNfIm. 21'(" 411l'itt ............"... n.._: ............ ...._ 3!l!, J lI!i'o If ,... IIlMHlllflllllel. COftCUllOp Ihlt ~oI~tltI'lIt~tJt ~b1Nlkllg"mn~.'\Ill& would be hilWf to bmltllt.1m)'CU. YDU Ollh \IIIfiIIl,to...i.FormsC--. ~ N_~~.~~c.\ 95143-001)1 00 lI04 'iIIlI'4 ~ Imm to thQ ofIIoo~. Me WM<<t 'to ~ on ~, TEXTRON FINANC];\L Lending help beyond expectations. CERTIFlCA TE OF ACCEPTANCE The undersigned, as Lesset ~llder the Munici al Agreement, dated 11/1412002 and Schedule No. Ol-00005......dated 07. ~ (collectively, the "Schedule"), with TEXTRON FINANCIAL CORPORA 10 ("Lessor"), certifies that as of (Dife):" .....-....."...... ............-.. ..' .. ".... ............. ............. 1. The items of the Equipment identified in the Schedule (the "EQUIPMENT") have been delivered and installed at the location(s) set forth therein and 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 as of the date of this Certificate. 2. Lessor is authorized and directed to fund the acquisition of the Equipment by paying the vendor(s) the amounts set forth on the attached invoices. CITY OF MIAMI BEACH, FLORIDA APPROVED AS TO FORM & LANGUAGE & FOR EXECUnON OOI.Q2I286)~ 1-003.00005 1S94 AcceptInce CertifiClIle (Revision Dale: OiIOS) l'l/(ti?J Date TEXTR.ON FINANCIAL Lending help beyond expe(.tations. SCHEDULENO:Ol-OOOO6,DATED I 0'1 oo.:G TOTHE MUNICIPAL AGREEMENT, DA 11/]4/2002 I. DESCRIPTION OF THE EQUIPMENT: ....______._..........",,".... ,_. DESCRlPTIONOlU.JNlTS.QF... SERIAL. NUMBERS ~~.~:L..U;~ ..._____.____ QUANJJIY.. .______:'?.9yI~~~~.._______ . (IF APPLICABLE) E-Z.GO NORTH FLORIDA 2 E-Z-GO REFRESHER 1200 Sign Board; BRANCH Condiment Tray; Bottle Caddy; Mini Bottle Carrier; Humidor; Credit Card together with all accessories, attachments, substitutions and accessions. 2. EQUIPMENT LOCATION: MIAMI BEACH GOLF CLUB MIAMI BEACH FL 33139 3. The Rental Payments will be made for the Equipment as follows: PRINCIPAL P-A-IE DUE . _ COMPQ!'ffiNT SEE ATTACHMENT 1 INTEREST TOTAL RENTAL PURCHASE OPTION COMPON~N:L.._ _ P~ YM~li!J:?UE.__J\MOUNT~".. 4. The terms and provisions of the Municipal Agreement described above (other than to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby incorporated into this Schedule by reference and made a part hereof. By: Name: Title: TEXTRON FINANCIAL CORPORATION By' /-/~ N~atriCia Herrin TItle: Asst. Leasing Manager CITY OF MIAMJ BEACH, FLORIDA APPROVED AS TO FORM & LANGUAGE . . . & fOR ~CUTION . Assumes all Rental Payments and addItIOnal payments due on and prior to that date have been jiiia:- 001.0212863..01.003-00006 7591. Schedule 10 Municipal A~n:emenl (Revision Date: 0210') I!./f/or Date Prepared by: E-Z-GO Textron I n f 0 A n a l y s i s 12/ 7/05 @ 8:59am Conditional Sales Contract - Summary of Results File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH 1():JiaCf)~# I /!;...rcJut).u.1e,O 2/2i(P3- 01- OOC()Io Cas h F low s Monthly Yield Nom A/T Res u l t s Sum mar y Total Payments Asset Cost 23,700.00 21,373.25) ROI MISF Start Date.... 12/15/05 End Date...... 1/15/09 Based On..... Calculate Term... . .,. ... .. .. .. 37 3.5750% 3.5750% Nom PIT Eff A/T Eff PIT -------- 5.5910% 5.5910% Pre-Tax Cash Flow Total Tax Liability After-Tax Cash Flow 1,512.39 5.5000% 5.5000% 3.6342% 3.6342% 2,326.75 814.36) Years To Recover Investment.......... 3.0612 Yrs Weighted Avg Life (Base Term)........ 1.9811 Yrs Tax-Affected WAL (ROI)............... 1.9793 Yrs Tax-Affected WAL (MISF).............. 1.9793 Yrs Customer APR - Stream ------------------ ------------------ ------------------ ------------------ Monthly Lea s e C l ass f cat 0 n 1- -I Effective 5.49505% 5.63558% Tar get Sum mar y Target yield............................... ROI Target Method....................... Nominal PT Target Percent......................... 5.5000% Solve For........................... Asset Cost Payments MEnding pymts in Adv............... 0 Level Principal Pymt.............. No APR Calc Method............... 30/360 Simple Interest................... No BT APRs reflect Inserv............ No ----------------------------------------------------- Payment Detail Info ------------------------------------------------------ First Repeating Row Payment F requency Pymt Method 1 Monthly Arrears AAAAAAAAAA. Payment Schedule ....AAAAAAA Periods Amounts/Pcts Seasonal Total Payments Start Date 12/15/05 36 1 500.00 ( 2.33937%) 5,700.00 ( 26.66885%) 37 No NA Ass e t s Asset Description Total Balloon Balloon Value Date 1 In Svc Cost Date 21,373.25 12/15/05 I nit a l 0 ire c t C 0 s t s Date Amount % Cost Amortize -------- 0.00 (0.000%) 1/15/09 10 Description Expense 12/15/05 0.00 0.000% 100.000% 0.000% ------------------------------------------------------ IDC Tax Treatment ------------------------------------------------------- AAAAAAAAAAAAAAAAA*** Amortize AA....AAAAAAAA.****** *** Expense *** Start End 10 Amount Method Date Date Amount 0.00 F and C 12/15/05 1/15/09 o the rEx pen s e s % Based On Start Date Periods 10 Description Frequency Affects Amount Asset Cost 12/15/05 Monthly Cash/Tax/Book Fed Tax Pay Method... .... Minimum Est State Tax Pay Method......... Use Fed Taxpayer is............. Current Year Fiscal End Month............ December Tax Payment Day................... 15 Version 6.3d T a x A c c 0 u n tin g Income Method........ Simple Interest Sub-Totaling.................. Period Allocation. . . . . .. . . .. .. ...... Advance Days In Month..................... 30 SL Monthly Taxes.................. No Page 1 Income Method.......... Implicit Rate IDC Method.............. Match Income Sub-Total ing. ....... .......... Period Allocation................... Advance Days in Month..................... 30 Serial M: ooo-UC Prepared by: E-Z-GO Textron I n f 0 A n a l y s i s 12/ 7/05 . 8:59am Payment Amortization Report File Name: INFOA. lAD Customer: CITY OF MIAMI BEACH Interest Rate: 5.4950% (Monthly) Principal Accrued Accrued Per Mo/Da Payment Principal Interest Balance Interest Int Balance Net Balance ---------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- o 12/15 0.00 0.00 0.00 21,373.25 0.00 0.00 21,373.25 ---------------- ---------------- ---------------- ---------------- 2005 12/05 0.00 0.00 0.00 0.00 1 1/15 500.00 402.13 97.87 20,971.13 97.87 0.00 20,971.13 2 2/15 500.00 403.97 96.03 20,567.16 96.03 .. 0.00 20,567.16 3 3/15 500.00 405.82 94.18 20,161.34 94.18 0.00 20,161.34 4 4/15 500.00 407.68 92.32 19,753.66 92.32 0.00 19,753.66 5 5/15 500.00 409. 54 90.46 19,344.12 90.46 0.00 19,344.12 6 6/15 500.00 411.42 88.58 18,932.70 88.58 0.00 18,932.70 7 7/15 500.00 413.30 86.70 18,519.39 86.70 0.00 18,519.39 8 8/15 500.00 415.20 84.80 18,104.20 84.80 0.00 18,104.20 9 9/15 500.00 417.10 82.90 17,687.10 82.90 0.00 17,687.10 10 10/15 500.00 419.01 80.99 17,268.09 80.99 0.00 17,268.09 11 11/15 500.00 420.93 79.07 16,847.17 79.07 0.00 16,847.17 12 12/15 500.00 422.85 n.15 16,424.31 77.15 0.00 16,424.31 ---------------- ---------------- ---------------- ---------------- 2006 12/06 6,000.00 4,948.94 1,051.06 1,051.06 13 1/15 500.00 424.79 75.21 15,999.53 75.21 0.00 15,999.53 14 2/15 500.00 426.73 73.27 15,572.79 73.27 0.00 15,572.79 15 3/15 500.00 428.69 71.31 15,144.10 71.31 0.00 15,144.10 16 4/15 500.00 430.65 69.35 14,713.45 69.35 0.00 14,713.45 17 5/15 500.00 432.62 67.38 14,280.83 67.38 0.00 14,280.83 18 6/15 500.00 434.61 65.39 13,846.22 65.39 0.00 13,846.22 19 7/15 500.00 436.60 63.40 13,409.62 63.40 0.00 13,409.62 20 8/15 500.00 438.59 61.41 12,971.03 61.41 0.00 12,971.03 21 9/15 500.00 440.60 59.40 12,530.43 59.40 0.00 12,530.43 22 10/15 500.00 442.62 57.38 12,087.81 57.38 0.00 12,087.81 23 11/15 500.00 444.65 55.35 11,643.16 55.35 0.00 11,643.16 24 12/15 500.00 446.68 '53.32 11,196.48 53.32 0.00 11,196.48 ---------------- ---------------- ---------------- ---------------- 2007 12/07 6,000.00 5,227.84 n2.16 n2.16 25 1/15 500.00 448.73 51.27 10,747.75 51.27 0.00 10,747.75 26 2/15 500.00 450.78 49.22 10,296.96 49.22 0.00 10,296.96 27 3/15 500.00 452.85 47.15 9,844.11 47.15 0.00 9,844.11 28 4/15 500.00 454.92 45.08 9,389.19 45.08 0.00 9,389.19 29 5/15 500.00 457.00 43.00 8,932.19 43.00 0.00 8,932.19 30 6/15 500.00 459.10 40.90 8,473.09 40.90 0.00 8,473.09 31 7/15 500.00 461.20 38.80 8,011.89 38.80 0.00 8,011.89 32 8/15 500.00 463.31 36.69 7,548.58 36.69 0.00 7,548.58 33 9/15 500.00 465.43 34.57 7,083.14 34.57 0.00 7,083.14 34 10/15 500.00 467.56 32.44 6,615.58 32.44 0.00 6,615.58 35 11/15 500.00 469.71 30.29 6,145.87 30.29 0.00 6,145.87 36 12/15 500.00 471.86 28.14 5,674.02 28.14 0.00 5,674.02 ---------------- ---------------- ---------------- ---------------- 2008 12/08 6,000.00 5,522.46 4n.54 4n.54 37 1/15 5,700.00 5,674.02 25.98 -0.00 25.98 0.00 -0.00 ---------------- ---------------- ---------------- ---------------- 2009 1/09 5,700.00 5,674.02 25.98 25.98 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Totals 23,700.00 21,373.25 2,326.75 2,326.75 Version 6.3d Page 3 Serial #: ooo-UC Information Retumfor Small Tax-Exempt Govenlllllfttal Bond _.... Lees., and IRItaIment Salel . Ut'liftr w.m....... COlIt ........ ~ 1t "''l&~Je {lIV:t~ d rM I!!I~';S $rQ'U~'jQ (Jf~, vSl1 .FtIfm 1ftm.(; CheCk t:<l.lC if Amended Retum .. *.lllh.~""'" 96000372 fctm8038-GC :"l,lW ,..",..mtl<r KOO #'(! ~ "'f PO ~.,f'-If ~ lM'~to ro$r_ ~J 2301 ALTON RD. '-."-'<:;;Yi';':::.., ''r $..,,1 {JlF(;1!. $t~. '1"i;lllP ,;")0; MIAMI BEACH, FL 33139 . '~;;'::~'l Ukl1)i df.1;." (t ~I ~1,,...,. trll(ltU Ih,$!~, m.1, Ol. fry _ "'*ttr'Kt4tllf ;}M$:!to !MS.utZ<t ~~'1lt IS~1'>,mJ!lf I 001'1' T_.aI'll$fi"IIlIlJ!M1l ~ Ftml to38-CoC fOr.. Of. ~ Of.... ... andntpCft bt ~ cf..... ~~.dIm!I~c~'JWm~ l;~ FOIttJf IO>>GC.~. III ~ form -.CC l1Ut.bt~to_ 1M 1RSrm::. tA h __10 PlIJ It ~ 1ft_(Jt~...~. When To fie To filllll HpM.. r.un. tk f'rnn ilt)U.{'),{~ {)II 4f oob'... tOO 15ltiouy of OMl< f>~ r:AImdIIf mMtll attllf thlt cll::M olIN CNldlif QiJllIt<< *'\ WfUch th# b~ 16 lS~ re. til+ Il ~'Mum. rm I'fYnl eoj$.G(: 00 tlt I.:lellm f<<:t'uwy 1$1tj of U. l;~ ~1f t.;;'~ If'M 'fIlit Ilf~h f~ e.~ill~ llItO .... M ~ m1f.V ~ gtMted an ...~ d '.Wllle fon ~ ~ Sedim J d Au, Pn:x:. .,10. t98M C.8. 635. It" i$ ~N CIWJI,*" to rq (tl tlme ,.., Nl N \0 ...... ~ l)plI. Of ~._tQpaf_.klm. ....~ b ~ 1n N~. wtIh R1t9. Pfl:lc. ..10' 4ttl,ldt to _ rom llC3I-OC a _at ~ stlitlt1ll\ ~. _ f<Jrn\ ~ fIG.( ::a..._.. ...... . ....._.~. '_ _........ U> _, M tllnO, -.. ...._ wM1tW_.~i/I;~.i$.llI_ ~iI.ltio4, by dill' IRS. Di.J _ idlmi ~ rll.WPt bIlM ~ ~,<<~ '* ~ See \!IIhent To FIle btIow. Whent To fie "... rem 8tI'$8.00. and..,~. l'iIIithh...... ~ ~ c.mr. ~. ur e.t2Ot. 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Generallnstn.JCtions .5<<llfff J1J4;n.)I1(w ~ kI !!'Ie 1I~_ Ilcwtl:ue C..1fie ~ Ol.~ lItJ(tIfi Purpo$o 01 Form ftllm. elJ),3.OC.' is U!l~ by tl~ iS~ (.If t.'\lHIXllfllpt ~~~_ to r"Vf,Qe Ih.- ~.,..wl t!'k! illfol'!tlfllioo r~ll(oo iJ'f ~ 14~ and t'O ~ tile f<<lt__b .t Y<<.tiCf'!:. 141 tlv~ 1!N Who Mt#t RIe 1\0.l>>'S ct ~#k'?l:*,'IIll! !;>>"'*~ t:tID;PWI'~ witit 6<~~ pril'.~ cl Il.!$!l thu" S l<J(!t)t.:" ff~..1 likf F0fm803lI.(;{: 1$!;I.I'i<r<, ,'If '" t!'~"\l~~~~ C~!()II '1>114 an r..~ f)Jkl& itS1OOOl>>.)f lOOM lnl!<llllc Farm 1103I4. ~ ~I'J"'" i3);.E..~~~1 ~. FiIIg A !/iOpAfG tatum. k~ lWi'lllf'M ~ k).& ~ "<ml1lO~ 'Of M'f Vlll.~ ~at~ wm ,.,. ~ ~Q} 4:A ~ tlWl S lOO:@, An ~f tII . taX...~ 'b\'lItO .\Md to ~*cwdnld.ial !l\~..nut lite. ~ frml fj(JJ8.{A; tQl' e;Kh ~ (I) 9"' fII:lI.lI:>> to h RS lttlII. IIIIlHKtlcn 'WUS ~roM,,~Y._JQJ~ ~ ~ hliri!! 12 imlrvt~. ",... 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MIl IRS Form 8038-GC and Instructions f_ 8Oi8-CC IRIt, H.~ Eft_,,*, kW~ NI#'llt<er. 1M f(ffn ~ W~...S<lI~~~ ~ Of by r~ t.tfi:(l.fA:(.FORtol If" EIN t_ not ~~ by ltlll'udaIII b fOll1t~G, ..... .~ Wb fIIe!$plllCll b'~Dt, ..... ......Ihlt ~&ted l ..... two .~fU~,~~ ~..tt~-y~,..(.O.., 33<l. 33l). _,~ UM" 1M dtit+ or __ it ...-_ .E< en~"__~y~. ~ lNI _ ~ ct lhlt~ for ihit \.lrdefvmle(lI 101 <<nm ~'If' ~ fa 'I i..,a~ tX Il1ltatc'l!t:tlll __, !!fM'me l.lllIit i(#Et'1i'!t i!m1"llle ilIXfl.i!l Uno 1. lIelllfll'!Soomrneolh~.p~ jlt(>',.~j.. 0(1'"", ~~ <Jf lOO !l$Q1e L_t. [rlilel.tlle CUSIP (C::fll!l~ ul Utl40rnl ~ft IOOn'lblloo ~ll'j 1lU'Ilb!if of tile bCil'll.t witt bt flattlSC I'IllItlft,. l;l ~...~ nol'~ aCVSf' ~...... .Nom' on 1_" Paft It-Type of 1__ ~ ltle type or ~l'l$~.1 by ~11'18 ~ ~@S> llI!ld~ tOO ~i$Stllt pMl:I {$OO mu. pOco urdnr o.fmItioM on paolt t). 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UN24- ~tt\llt~oftlle~.. .. beWl!ldiO,..,~__..... ~............ tlclnd...... l_n. &Urb~of.~1hIJt . bltUllllllCtto.,..,_.mdt_cl~_ tNlllIMt '*- into.lICCIIOI.d in'l'.Willa_~fIIe ~Cftb~\1r~d~ '.)(".I.l,bORI~~" ~1t_"Io1~""~ "'11. f1t6ftbt~ of_~1kf ~ bt ~m ~ ~^ '*9l!tCl(8lt ~1IfI a1lmf.ar ~ of bards..... 90 d.mmditfnof~ llM H. Ermrb a1lOUft ottlle ~ hit _ill be U'Ilt'd 10 pay~. iJ1Illrlllltlt. or_ ~rn OIlllny CIltlIi!f !Muff d bands.. 9) d.or-..daIe of isiIue, ~ ~ N . be IiNd to bid.. _tOW ~ ~ ~,~ Part ~ of IWundod Bonds C~ tIm P$'I ('t'f.ly it ttWl ~ t'fil<> e.t IIiI6d 10 1lIili\ltll1 if ptiI)f ~ of 1lfH~ ~. f(lr~"'<<~~.~ 'NtA~ 111 the ~ Ie 1he . d tnelillc fat Part. V t..... t1,andU, r_~~ .a~ Nltlritt is eIdem.*' ~ l1IIQlIRI tcb~. 'n.~...... .~i$~'" .....lfM'IifIfM en IN 21. <<iUtM (dj 20f2 LN 34. It l'flCf.lhan. $inQIft ~. of w~ d"~. tiMtlhe..of.... ofellCh ....' Pad VI .1 C IlIIMous ..... ..""".~d "fF'*~ 01.. __antOlwl be ~ln.. ~ ~ CClf1lnlrct. .. d\\lfined iI1 ~ ilIidICn 1...4I",{b), ~.. ...........~-~- _.lhtN~"'d"'~ ~"'II~. l._n.. &1t9r._~of_'" ~ to Wll'Ja~ tIOlOOlihllf~ IN. 1M ~ <If~IS_........ \..;IM:It, ~ tIIi5 f)QJ( If _.~ 1$ a ~"'IJJII.vd 31'1~'~ to llOl/ a pendy in_ of ~ ~ 1m ~ ~Oll 01 ~!be daIlll!be bclr'ds .......-..J, 'The ~ i$ ~. a kJlm1J03&.t ..~G-IMfltll~;J""1J"Ie de _ bcInIt$ ....... 00 not .... ilrIY ~ ot ~ ..lieud~n.tlltte ....... bm.. $eo Rw, Ploe, t"J,22. *'2" ca. 1;>> kW iUW f~ 1tW'~ ~.' LN'" ~._~lflM~~~ it ~ en 115 ll<<1kS.aM ~ Ii" ~....~~ 1.1~ _ 1. 14$4(hl(S} r..... ~ pmnit_.illlillullrof.--. tlottdJ to ~ a''''' kW It to _ iMIu.Itfd 1n_<*Ol~kW~~a_. r.p.Wllliirk AI. mer Act..... w.. __ .....1I1IIIil:lIt <11I__ to ctaY--' ...... ~ IIiMs ofh Utlitllld.... Y<lU_~ tofititlut- ~" We flRd It to ......1tlaIl )'ilU" ~"'" .. ~....... Vw..Id~Io~h ~~MjfOOnlNlll'~1 (0_ p~.~ NI. urM6._ D'm~' "* 0tA9 <<t'I/Id n.... BtlobQ'~~to.bmOlb ~ _be~_.1cln; a1tleir ~ J'MY beel'lme .~lft_ ~of_~~_, r-......,. ... tIlidUnI and RIIlum Wam\illllir.n ..ecnli_M _~by ~6103, TN""""" 10 ~.ana _.. D'm __ dIl~ Of1'~ ~.. n.~~fiIm... ......... ...... _ Of tile fonIt.Z iY. 4} _ ~..... ~ _ell!.. .wi.... ...,... to fMlM_ ~ llr. 3_ It,w IlliM <X:IIltIlill!fft ~ h ~fA~UQ~Of ~ kW.~lhls fI'm........ \lIQIlld be bllpfIf to nnr fnlm)'QI, Yeu ClIO ...,.._ltol'.fotmlIi ~ ~ NreII~ on.. ~~ CA &eoII01.00 ...00 eN Ibfm to Ilis oflk'$. ...." .. ..... To ,.. Oft fIIIlI91 TEXTRON FINl\N(];\L Lending help beyond expectations. CERTIFJCA TE OF ACCEPTANCE The undersigned. as Lessee under the Municipal Agreement, dated 11/1412002 and Schedule No. 01-00006, dated J9-Jo7J"oo$ (collectively, the "Schedule"), with TEXTRON FINANCIAL CORPO~or"), certifies that as of ..w....(Date):---...-.-"-.. '. ....... ......... ....-...... "....".".........."............. "."."......".._~._..""..."..".."...."..... 1. The items of the Equipment identified in the Schedule (the "EQUIPMENT") bave been delivered and installed at the location(s) set forth therein and 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 as of the date of this Certificate. 2. Lessor is authorized and directed to fund the acquisition of the Equipment by paying the vendor(s) the amounts set forth on the attached invoices. CITY OF MIAMI BEACH, FLORIDA By: Name Title: APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 001.021 2863-OI'()o).o<lOO6 7594 Meepll1ll:e Certificltc (Revision Dale: 01105) P~6r Date TEXTRON FINf\NC:Il'\L Lending help beyond expec;tations. SCHEDULE NO: 01-00007, DATED J '107/ ~oS TO THE MUNICIPAL AGREEMENT, DATED 11/14/2002 1. DESCRIPTION OF THE EQUIPMENT: ...''''..__._...._..__.,_.. '". ..' .... .'..' . ....... D~S{;RJYrJQN,Q.f.:l.lNl.I&9F"..,."..~,,~~,,~~~RS SUp.p.~!.~.!L.___,,_________ Q~~l'ITDI' ._____._~.9E~~ENT_--__"._. _~ APPLICABL.~t E-Z-GO NORTH FLORIDA 1 E-Z-OO MPT 1200 Cage BRANCH together with all accessories, attachments, substitutions and accessions. 2. EQUIPMENT LOCATION: MIAMI BEACH GOLF CLUB MIAMI BEACH FL 33139 3. The Rental Payments will be made for the Equipment as follows: PRINCIPAL INTEREST TOTAL RENTAL DA'J]! DUE ~OMP9NBNT"._ COMPONENT.__ _ PA YMEN:.:r.J?Jl~ SEE ATTACHMENT 1 PURCHASE omON __......"._~OUNT. 4. The tenns and provisions of the Municipal Agreement described above (other than to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby incorporated into this Schedule by reference and made a part hereof. By: Name: Title: ~ TEXTRON FINANCIAL CORPORATION By: ;if-/~ N~ Patricia Herringt . Title: Asst. Leasing Manager CITY OF MIAMI BEACH, FLORIDA · Assumes all Rental Payments and additional payments due on and prior to that date ha~ii~~~:~E & FOR EXECUTION 001..021 Z863.QI.oo3-OOOO1 7591- Schedule 10 MunicipAl AII'ecmcnl (Revision OIIle: 02105) ,-/~ Date Prepared by: E-I-GO Textron I n f 0 A n a l y 5 i 5 12/ 7/05 @ 9:01am Conditional Sales Contract - Summary of Results File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH jaiiJJ..clt..tntnt=t/-1 1> ~~ O)..J2-IfR~- O/~00007 Res u l t 5 Sum mar y Cas h F low 5 Monthly Yield Nom A/T Nom PIT Eff A/T Eff P /T -------- 5.5911% 5.5911% Total Payments Asset Cost 5,870.00 5,283.25) ROI MISF Start Date.... 12/15/05 End Date...... 1/15/09 Based On..... Calculate Term. . .......... .. .. 37 3.5751% 3.5751% 5.5001% 5.5001% 3.6342% 3.6342% Pre-Tax Cash Flow Total Tax Liability After-Tax Cash Flow 586.75 205.36) Years To Recover Investment.......... 3.0628 Yrs Weighted Avg Life (Base Term)........ 2.0210 Yrs Tax-Affected WAL (ROI)............... 2.0192 Yrs Tax-Affected WAL (MISF).............. 2.0192 Yrs ------------------ ------------------ 381.39 ------------------ ------------------ Customer APR - Stream Monthly 5.49530% Effective 5.63584% Lea 5 e C l ass f cat 0 n 1- -I Pay men t 5 #Ending pymts in Adv............... 0 Level Principal Pymt.............. No APR Calc Method............... 30/360 Simple Interest................... No BT APRs reflect Inserv............ No ----------------------------------------------------- Payment Detail Info ------------------------------------------------------ First Repeating Row Payment F requency Pymt Method Start Date . *.......... Payment Schedule ........... Periods Amounts/Pets Seasonal Total Payments 1 Monthly Arrears 12/15/05 36 1 120.00 ( 2.27133%) 1,550.00 ( 29.33800%) No 37 NA AsS e t 5 ID Description In Svc Cost Date 5,283.25 12/15/05 I nit a l D irect C 0 5 t 5 Date Amount % Cost Amortize -------- Total Balloon Balloon Value Date Asset Description 1 0.00 (0.000%) 1/15/09 Expense 12/15/05 0.00 0.000% 100.000% 0.000% ------------------------------------------------------ IDC Tax Treatment ------------------------------------------------------- ********A....A...... Amortize ..................... *** Expense *** Start End ID Amount Method Date Date Amount 0.00 F and C 12/15/05 1/15/09 o the rEx pen 5 e 5 ID Description % Based On Start Date Periods Amount Frequency Affects Asset Cost 12/15/05 Monthly Cash/Tax/Book T a x Ace 0 u n tin g Income Method.......... Implicit Rate IDC Method.............. Match Income Sub-Total ing.................. Period Allocation................... Advance Days in Month..................... 30 Separate Fed&State Tax............ No Lease Class Residual....... 100.0000% Fed Tax Pay Method....... Minimum Est State Tax Pay Method......... Use Fed Taxpayer is............. Current Year Fiscal End Month............ December Tax Payment Day................... 15 Fi rst Year Roll-Up................ No Income Method........ Simple Interest Sub-Total ing........ .......... Period Allocation. . . ....... . . .... ... Advance Days In Month..................... 30 SL Monthly Taxes.................. No Interest Method.............. Accrual ------------- Tax Rates ------------- *** Federal *** Date Rate Version 6.3d Page 1 Serial #: ooo-UC Prepared by: E-Z-GO Textron I n f 0 A n a l y s i s 12/ 7/05 @ 9:01am Payment Amortization Report File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH Interest Rate: 5.4953% (Monthly) Principal Accrued Accrued Per Mo/Da Payment Principal Interest Balance Interest Int Balance Net Balance ---------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- o 12/15 0.00 0.00 0.00 5,283.25 0.00 0.00 5,283.25 ---------------- ---------------- ---------------- ---------------- 2005 12/05 0.00 0.00 0.00 0.00 1 1/15 120.00 95.81 24.19 5,187.44 24.19 0.00 5,187.44 2 2/15 120.00 96.24 23.76 5,091.20 23.76 -"0.00 5,091.20 3 3/15 120.00 96.69 23.31 4,994.51 23.31 0.00 4,994.51 4 4/15 120.00 97.13 22.87 4,897.39 22.87 0.00 4,897.39 5 5/15 120.00 97.57 22.43 4,799.81 22.43 0.00 4,799.81 6 6/15 120.00 98.02 21.98 4,701.79 21.98 0.00 4,701.79 7 7/15 120.00 98.47 21.53 4,603.33 21.53 0.00 4,603.33 8 8/15 120.00 98.92 21.08 4,504.41 21.08 0.00 4,504.41 9 9/15 120.00 99.37 20.63 4,405.03 20.63 0.00 4,405.03 10 10/15 120.00 99.83 20.17 4,305.21 20.17 0.00 4,305.21 11 11/15 120.00 100.28 19.72 4,204.92 19.72 0.00 4,204.92 12 12/15 120.00 100.74 19.26 4,104.18 19.26 0.00 4,104.18 ---------------- ---------------- ---------------- ---------------- 2006 12/06 1,440.00 1,179.07 260.93 260.93 13 1/15 120.00 101.21 18.79 4,002.97 18.79 0.00 4,002.97 14 2/15 120.00 101.67 18.33 3,901.30 18.33 0.00 3,901.30 15 3/15 120.00 102.13 17.87 3,799.17 17.87 0.00 3,799.17 16 4/15 120.00 102.60 17.40 3,696.57 17.40 0.00 3,696.57 17 5/15 120.00 103.07 16.93 3,593.50 16.93 0.00 3,593.50 18 6/15 120.00 103.54 16.46 3,489.95 16.46 0.00 3,489.95 19 7/15 120.00 104.02 15.98 3,385.93 15.98 0.00 3,385.93 20 8/15 120.00 104.49 15.51 3,281.44 15.51 0.00 3,281.44 21 9/15 120.00 104.97 15.03 3,176.47 15.03 0.00 3,176.47 22 10/15 120.00 105.45 14.55 3,071.01 14.55 0.00 3,071.01 23 11/15 120.00 105.94 14.06 2,965.08 14.06 0.00 2,965.08 24 12/15 120.00 106.42 13.58 2,858.65 13.58 0.00 2,858.65 ---------------- ---------------- ---------------- ---------------- 2007 12/07 1,440.00 1,245.52 194.48 194.48 25 1/15 120.00 106.91 13.09 2,751.74 13.09 0.00 2,751.74 26 2/15 120.00 107.40 12.60 2,644.35 12.60 0.00 2,644.35 27 3/15 120.00 107.89 12.11 2,536.46 12.11 0.00 2,536.46 28 4/15 120.00 108.38 11.62 2,428.07 11.62 0.00 2,428.07 29 5/15 120.00 108.88 11.12 2,319.19 11.12 0.00 2,319.19 30 6/15 120.00 109.38 10.62 2,209.81 10.62 0.00 2,209.81 31 7/15 120.00 109.88 10.12 2,099.93 10.12 0.00 2,099.93 32 8/15 120.00 110.38 9.62 1,989.55 9.62 0.00 1,989.55 33 9/15 120.00 110.89 9.11 1,878.66 9.11 0.00 1,878.66 34 10/15 120.00 111.40 8.60 1,767.26 8.60 0.00 1,767.26 35 11/15 120.00 111.91 8.09 1,655.35 8.09 0.00 1,655.35 36 12/15 120.00 112.42 7.58 1,542.93 7.58 0.00 1,542.93 ---------------- ---------------- ---------------- ---------------- 2008 12/08 1,440.00 1,315.72 124.28 124.28 37 1/15 1,550.00 1,542.93 7.07 0.00 7.07 0.00 0.00 ---------------- ---------------- ---------------- ---------------- 2009 1/09 1,550.00 1,542.93 7.07 7.07 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Totals 5,870.00 5,283.25 586.75 586.75 Version 6.3d Page 3 Serial #: ooo-UC Information Retum for Smd TIX-Exempt Govenameatal BOftCI .......LalHlt and IlIItaUmeRtSaIH .. 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F'1oc:. 12,22, 1992.1 <;.8..136 b'~~""'~ ~: u.40. ~ ftitb<il( lfh__ ~ . .1'ledIJf Of! .. .tollQ ft *<<_ In ~.~~ 1.'~_I"'~..T'" ~ pllId......of laic....... "** to ~ a~ fOr I1tob6<lllilk$d iI'I_~f<<.~~. ........... ..Idian Act Natial. We_ b"_;''''~ em this __.....-y_" ...~... Of" unted StIlla YGU --..wd.IM.... <tie ~ ",...., It to .......M.)'CU l!lf9 ~~ ...... ... You ... htI1 ~ lo~!hit ~..."'dona tmMit~t to1M~~NA"''' bm~lt~ (JM(Jccmrd~. BcctIct <If ... M:iItiIlQ Ie It."" Of i& ~""'be~_~ .... ~~ ~""""in_ ....~offl/ltf~~-, ~,_IlIWms_'mlum~ _~ _~ by Si.ldicn6100. il\e ...llllllded to ~ _ ... ltJIi ~...!>>~ Ofl_~ on:~ n. ~ i1lWUge 1ilnllis ...... .16out......<< ....1tnft. t U. 41lf'i1\ "........".... "_OlU.,, MIl ...... lie ..... 1M IRI_ 311r, :1_. If ,w lllIW CllI1IIlI!Ii$ ~ Ihl!' 3C~ rA....tilM~ Of ~ k#'Mtno'* ~ __r... MIIlfd bit ~ to l'IiImt tnlm yw, YtIU Q1fI ....10_ TlU FclrnI5 ~ y~ MIa ~ CefWf, R/IIlc:ho~ CA 951.~_ Do llOt $IMd tlle ~ 10 '* ... ~ .........to FlIt on~l, TEXTRON FINAN(~ll\L Lending help beyond expectations. CERTIFICATE OF ACCEPTANCE The undersigned. as Lessee under the Municipal Agreement) dated 11/14/2002 and Schedule No. 01-00007) dated ,"'/o7J~ (collectively, the "Schedule"), with TEXTRON FINANCIAL CORPo~sor")) certifies that as of ........._(D'ile):..~..,_.. '-'''-''. ."... ".... .--..."""....... .",,' _.., . "'.'",,. ..." ""....." ."...........-....... ........... . 1. The items ofthe Equipment identified in the Schedule (the "EQUIPMENT") have been delivered and installed at the location(s) set forth therein and 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 as of the date of this Certificate. 2. Lessor is authorized and directed to fund the acquisition of the Equipment by paying the vcndor(s) the amounts set forth on the attached invoices. CITY OF MIAMI BEACH, FLORIDA By: Name Title: APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 001.0212863.01 -003-00007 7594 Aecepllm" Certificate (Revision Dale: OlIOS) J'z.J,K Date TEXTR.ON FIN;\NC]/\L Lending help beyond expectations. SCHEDULE NO: 01-00008, DATED I~Ot:J,OOS TO THE MUNICIPAL AGREEMENT, DATE 11/14/2002 1. DESCRIPTION OF TIIE EQUIPMENT: . ._~__~_"' .... _. ... '" '" "p .. ...'..,,' .... ....nD.E.S.cRIPTION.OF UNITS. OFSElUAL..NUMBERS ~~~~!:-~~"." . .... _._._......__.._.. QUANTITY. _____~-.-~~UIP~NT _.________.__ (IFAf:~~E)" E-Z-GO NORTH FLORIDA 2 E-Z-GO MPT 800-E Top; Split BRANCH Windshield; Hitch Receiver together with all accessories. attachments, substitutions and accessions. 2. EQUIPMENT LOCA nON: MIAMI BEACH GOLF CLUB MIAMI BEACH FL 33139 3. The Rental Payments will be made for the Equipment as follows: PRINCIPAL INTEREST TOT AL RENTAL Q~.T.~ DYJ!_. .~Q~.9~~~.I.. .. COMPONENT PA YMENT QUIL SEE ATTACHMENT 1 PURCHASE OPTION ... ..Mi..Q~__._.___.. 4. The tenns and provisions of the Municipal Agreement described above (other than to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby incorporated into this Schedule by reference and made a part hereof. CITY OF MIAMI BEACH, FLORIDA TEXTRON FINANCIAL CORPORATION By: Name: Title: By: Na e: Patricia Herrington Title: Asst. Leasing Manager · Assumes all Rental Payments and additional payments due on and prior to that date h~~~~E & FOR EXECUTION 001.(l212863.oI.o03-OOOO8 7~91- Schedule 10 Municipal Agreemenl (Revision DalC: 02/05) N~ Date Prepared by: E-l-GO Textron 1 n f 0 A n a l y s i s 12/ 7/05 @ 9:03am Conditional Sales Contract - Summary of Results File Name: INFOA.IAD Customer: CITY OF MIAMI BEACH / at:/:J.lhmerrJ-4F 1-J1~ 02-J2-Yft;3 -OJ-O{)()Oj Res u l t s Sum mar y Cas h F low s Monthly Yield Nom A/T Nom PIT Eff A/T -------- 3.6330% 3.6330% Eff PIT -------- 5.5893% 5.5893% Total Payments Asset Cost 10,300.00 ( 9,242.00) ROI MISF Start Date.... 12/15/05 End Date...... 1/15/09 Based On..... Calculate Term. . . . . . . . . . . . . . .. 37 3. 5739'-' 3.5739% 5.4983% 5.4983% Pre-Tax Cash Flow Total Tax Liability After-Tax Cash Flow 1,058.00 370.30) Years To Recover Investment.......... 3.0648 Yrs Weighted Avg Life (Base Term)........ 2.0838 Yrs Tax-Affected WAL (ROI)............... 2.0821 Yrs Tax-Affected WAL (MISF).............. 2.0821 Yrs ------------------ ------------------ 687.70 ------------------ ------------------ Customer APR - Stream 5.49375% 5.63422% Lea s e C l ass f cat 0 n 1- -, Monthly Effective Pay men t s #Ending pymts in Adv............... 0 Level Principal Pymt.............. No APR Calc Method............... 30/360 Simple Interest................... No BT APRs reflect Inserv............ No ----------------------------------------------------- Payment Detail Info ------------------------------------------------------ First Repeating Row Payment F requency pymt Method Start Date *********** Payment Schedule AAAAAAAAAA. Periods Amounts/Pets Seasonal Total Payments 1 Monthly Arrears 12/15/05 36 1 200.00 ( 2.16403%) 3,100.00 ( 33.54252%) No 37 NA Ass e t s Asset Description Cost In Svc Date Total Balloon Balloon Value Date 1 9,242.00 12/15/05 0.00 (0.000%) 1/15/09 1 nit a l 0 ire c t C 0 s t s 10 Description Date Amount % Cost Amortize Expense 12/15/05 0.00 0.000% 1oo.00cr-' 0.000% ------------------------------------------------------ IDC Tax Treatment ------------------------------------------------------- AAAAAAAAAAAAAAAAAA.A Amortize *******AAAAAAAAAA**** *** Expense *** Start End 10 Amount Method Date Date Amount 0.00 F and C 12/15/05 1/15/09 10 Description o the rEx pen s e s % Based On Start Date Periods Amount Frequency Affects Asset Cost 12/15/05 Monthly Cash/Tax/Book T a x Ace 0 u n tin g Income Method.......... Implicit Rate IDC Method.............. Match Income Sub-Totaling.................. Period Allocation. . ... . .. .. .. . . . . . .. Advance Days in Month.............. . ...... 30 Separate Fed&State Tax............ No Lease Class Residual....... 100.0000% Fed Tax Pay Method....... Minimum Est State Tax Pay Method......... Use Fed Taxpayer is............. Current Year Fiscal End Month............ December Tax Payment Day................... 15 First Year Roll-Up................ No Income Method........ Simple Interest Sub-Total ing. . ................ Period Allocation... ...... .......... Advance Days In Month..................... 30 SL Monthly Taxes.................. No Interest Method.............. Accrual ------------- Tax Rates ------------- *** Federal *** Date Rate Version 6.3d Page 1 Serial #: ooo-UC Prepared by: E-Z-GO Textron InfoAna lysis 12/ 7/05 @ 9:03am Payment Amortization Report File Name: INFOA. lAD Customer: CITY OF MIAMI BEACH Interest Rate: 5.4938X (Monthly) Principal Accrued Accrued Per Mo/Da Payment Principal Interest Balance Interest Int Balance Net Balance ---------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- o 12/15 0.00 0.00 0.00 9,242.00 0.00 0.00 9,242.00 ---------------- ---------------- ---------------- ---------------- 2005 12/05 0.00 0.00 0.00 0.00 1 1/15 200.00 157.69 42.31 9,084.31 42.31 0.00 9,084.31 2 2/15 200.00 158.41 41.59 8,925.90 41.59 " 0.00 8,925.90 3 3/15 200.00 159.14 40.86 8,766.76 40.86 0.00 8,766.76 4 4/15 200.00 159.86 40.14 8,606.90 40.14 0.00 8,606.90 5 5/15 200.00 160.60 39.40 8,446.30 39.40 0.00 8,446.30 6 6/15 200.00 161.33 38.67 8,284.97 38.67 0.00 8,284.97 7 7/15 200.00 162.07 37.93 8,122.90 37.93 0.00 8,122.90 8 8/15 200.00 162.81 37.19 7,960.09 37.19 0.00 7,960.09 9 9/15 200.00 163.56 36.44 7,796.53 36.44 0.00 7,796.53 10 10/15 200.00 164.31 35.69 7,632.22 35.69 0.00 7,632.22 11 11/15 200.00 165.06 34.94 7,467.17 34.94 0.00 7,467.17 12 12/15 200.00 165.81 34.19 7,301.35 34.19 0.00 7,301.35 ---------------- ---------------- ---------------- ---------------- 2006 12/06 2,400.00 1,940.65 459.35 459.35 13 1/15 200.00 166.57 33.43 7,134.78 33.43 0.00 7,134.78 14 2/15 200.00 167.34 32.66 6,967.44 32.66 0.00 6,967.44 15 3/15 200.00 168.10 31.90 6,799.34 31.90 0.00 6,799.34 16 4/15 200.00 168.87 31.13 6,630.47 31.13 0.00 6,630.47 17 5/15 200.00 169.64 30.36 6,460.82 30.36 0.00 6,460.82 18 6/15 200.00 170.42 29.58 6,290.40 29.58 0.00 6,290.40 19 7/15 200.00 171.20 28.80 6,119.20 28.80 0.00 6,119.20 20 8/15 200.00 171 .99 28.01 5,947.21 28.01 0.00 5,947.21 21 9/15 200.00 172.77 27.23 5,774.44 27.23 0.00 5,774.44 22 10/15 200.00 173.56 26.44 5,600.88 26.44 0.00 5,600.88 23 11/15 200.00 174.36 25.64 5,426.52 25.64 0.00 5,426.52 24 12/15 200.00 175.16 24.84 5,251.36 24.84 0.00 5,251.36 ---------------- ---------------- ---------------- ---------------- 2007 12/07 2,400.00 2,049.99 350.01 350.01 25 1/15 200.00 175.96 24.04 5,075.40 24.04 0.00 5,075.40 26 2/15 200.00 176.76 23.24 4,898.64 23.24 0.00 4,898.64 27 3/15 200.00 177.57 22.43 4,721.07 22.43 0.00 4,721.07 28 4/15 200.00 178.39 21.61 4,542.68 21.61 0.00 4,542.68 29 5/15 200.00 179.20 20.80 4,363.48 20.80 0.00 4,363.48 30 6/15 200.00 180.02 19.98 4,183.45 19.98 0.00 4,183.45 31 7/15 200.00 180.85 19.15 4,002.61 19.15 0.00 4,002.61 32 8/15 200.00 181 .68 18.32 3,820.93 18.32 0.00 3,820.93 33 9/15 200.00 182.51 17.49 3,638.42 17.49 0.00 3,638.42 34 10/15 200.00 183.34 16.66 3,455.08 16.66 0.00 3,455.08 35 11/15 200.00 184.18 15.82 3,270.90 15.82 0.00 3,270.90 36 12/15 200.00 185.03 14.97 3,085.87 14.97 0.00 3,085.87 ---------------- ---------------- ---------------- ---------------- 2008 12/08 2,400.00 2,165.49 234.51 234.51 37 1/15 3,100.00 3,085.87 14.13 -0.00 14.13 0.00 -0.00 ---------------- ---------------- ---------------- ---------------- 2009 1/09 3,100.00 3,085.87 14.13 14.13 ================ ================ ================ ---------------- ---------------- Totals 10,300.00 9,242.00 1,058.00 1,058.00 Version 6.3d Page 3 Serial #: OOQ-UC '~.j:ro 8038-GC Information Retumfor S.... '."Ix" Govemmutal Bond ........ Le....l' aid Installment SaIeI '. ..".., 1rlWMf...... e* .......1_ we.\1O '~1l.l1{>) J:~:jif~' }j:}'H,<ft1t~J X(itn ~f-"(i:";~"';f .i d~ h~.~:l,.:~ :t",*"n-ti~~*r->t>~~' '_~~'t~ji:'F ~( It r/lt' t$.5tl<' (Xl\:tJ oJ tho) ,;groi)tl & $ roo;CGO <<MOOi, ~ F(Jf1t? lKfJ8.(; CttKk b3x if Amended Retum .. Y t ~........,.,.................. 596000372 ROS>Ordna Authority )""",-~-;;;;:;;crT'VUF1V1TAMrBnCH:t'rORmA-------' 'J<). fft(.~ t't ref. tJff~~ ttJ 'rtt_ .ud~'. . <>Iv ~I w' ,,>t>;~~, 'AWtnll\P t>>>>.< is R.~ ~ MIAMI BEACH, FL 33139 1 5 .. 1w1,-" iI'''' tlh' 'II dt.ttf' (1". ~t;,~IOl_ Ii'" 41tS m!'1 (11' fq mt~.~! 1 ~"PW 3~""'fi~~"1"" I! ) ___. Do$crJpdon or Obligations Ctwd. if feportitlf;: a ~.tQk: issue 0 or on a eo~oo baStS 0 .. ~/fJ pilei' of oblig.!tlool$) ..$I!\(! Jmt'lJc~l. . . .. . . . . . . . . . . . . _ b Issue dl)te\~ h;lIV<lI or c~ )....l~t~ l~in$tn~}" "'H.... H.......... 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"WA~., 1hc: ~'eothe ~<:t...1or Purl v. l_l1 and tt The ,.lIiHI.., ~ ;1~ NfuTiIy ill dliienrillIld dhU I1iII\Ift Io"~ The~...... 1'dUf~il$~" _..~ ~.ti <)tl n 2', cdum {.. 20f2 ... ~ It met. th80 a 6i'I'lQtt.. of ~ "'b8~< cmc~"Of"'Of'NCb ISllIUIlt ,... VI ..,dallOOUS t..a It_.~<,th.~~ 01___.... or 'Mlbe. ~in a ~.~~..dtlfnedln ~!lIlN:tic:fl UG1(bl eIlIet.. ~dh~~'iO~. ........ lIlt.trmIiJ mIifIIfty.. (:#'lhl flIl*~ ~OllI'lIfXt.. LN 3"" Cnw"" ~ ot."'tlSOO t<>~ .blltttQ~~rcaI_< N ~cf~ISt.h~ un.. ~WSl)rl))(it1h9~i$. ~~;md1ll'\~~ to 1*'111 ~'f lIt_ of~~ f:M tlecMt 1l'tillt'W (If\ 01 ~ l:l1e dale It. Iloords ~~ u.e.~l$~ldha f<wm-'f b''-'~~'''_ .. the bl:II'IIts.... ...... 00 not ". any ~ d ~.. filN d...... rill.'laht ... ....1Ctm. .. Rev. Ptoc. 122'2, 19i2,1 (,.8,136 fofNIM ~...~ ~/ u..-. CMcl__If_ieUlf~ 3~on .tIotbd.~ In ~a_~~ t~~_U~T~ ..... plII'Iflit an __d....... bClir* to ldetdy . ~ tot it to ~ iIld&.rJlIld Ul_._u!...lot~~, PalMrWOftl.1tuc:Iian Ad fiIcltiaL w... fer_ ...wti04 on" bra tp ctliIlJ'Ycu.... ~ ........... oJ" UrikId St.iIIJa YilU_~1O_UflCN~. wel'lM(1lttc ~1h1Jt.,w.,. ~ ....-iIhlhillllillw. You lh lU ~ to~ IhIt tnfortj.lfltklA.~ M a b'm IhliIt is ~ \II)_P~~ftI:A~_ fclfm ~ AI .. OMD. ccrird l'U'llbiu, &ob Of t~ ~ 10111Dml (It iIll. inIttNditlns. rIIUSl lito ~ .. ~ .. lhei! ~ ('*l' ~M I~JfIlt.. ~~f;lany~~_ {ienmlflty. tiel ItllUmli ;;and ~ ~ ...... ctlllfidenliwt, IllS ~ b1ll1lditn 6t03, Tile tme ~ 10 ~ tOd. th4 ~__~(lh'~ ~1~TnIt~~tilnn.. l.UIIIIIIIIt 1IIOut......or....... 2 """ 4' ItlV< ...............,....~rr . ':I ............. It.. _ J 11f, J '* It ,....'llnt OIlflllllllf'b COillCUnirfJ !he ~ of................ or ~lot~_~......' ~ 'IIl'OUId be ~ 10....... tcm pI, YOJ Cl'lfl .....1o..l..Fl:m$ ~ __ "". ~ Certet, Ram;ho Cc:<<fow. CA 967~, 00 flJOt'MOO _ tctm to M ofke ...., .....,. To Fa. on ,.-1, TEXTRON FINj\N(~lj\L Lending help beyond expectations. CERTIFICATE OF ACCEPTANCE The undersigned, as Lessee under the Municipal Agreement, dated 11/14/2002 and Schedule No. 01-00008, .dated 1),}D1J:J.ooS- (collectively, the "Schedulell). with TEXTRON FINANCIAL CORPO~sor"), certifies that as of . ......a_(O'ate}:'-'~M_....." .. '.".',.'.'~"'.'.' . . ........"'.".....,' ........ . "" ..............."......,'.".."... ....... . .. . '. . "..."...... .......".". ... ........",..,..........".. 1. The items of the Equipment identified in the Schedule (the "EQUIPMENT") have been delivered and installed at the location(s) set forth therein and Lessee has conducted such inspection and/or tcsting of the Equipment as it deems necessary and appropriate and hereby acknowledges that it accepts the Equipment for all purposes as of the date of this Certificate. 2. Lessor is authorized and directed to fund the acquisition of the Equipment by paying the vendor(s) the amounts set forth on the attached invoices. CITY OF MIAMI BEACH, FLORIDA By: Name. Title: APPROVED AS TO FORM & LANGUAGE & FOR EXECUOON 00 I.OJ 12&63.() I .()C)3.QOOOa 7594 ^C<<~ Ccnilicate (Revision I)ale: OlIOS) W'!~!t{IP~!V'~ CIty Attom Date TEXTR.ON FJNf\N(] A L Lending help beyond expectations. SCHEDULE NO: 01-00009,.DATED ~Oi/~DOS TO THE MUNICIPAL AGREEMENT, DA D 11/1412002 I. DESCRIPTION OF '!HE EQUIPMENT: '-'~''''',,'''~'''''''',,',.''__'''_~'r'd'''U'''' .............DESCRIPTION.OE..llNlT.S.QF.. S~~MBERS S~p~t~~".._._...._____._...._.... QY}\~TI1X. 0............ ._,~QUIP~~_____ <IF-.~~jCABLE) . E-Z.OO NORTII FLORIDA 1 E-Z-GO FREEDOM. PDS Top; Split BRANCH Windshield; Sand Bottles; Rake Kit; Message Holders; Hubcaps; Pinstripes together with all accessories, attachments, substitutions and accessions. 2. EQUIPMENT tOeA TION: MIAMI BEACH GOLF CLUB MIAMI BEACH FL 33139 3. The RcntalPayments will be made for the Equipment as follows: PRlNCIP AL INTEREST TOTAL RENTAL PURCHASE OPTION !?J\!~J;?UE_. JX>-MrQNENT _ .___.Q.9M~Q~l!!."._.._ 2f. YMENT DUE _ ____ AMOl.[NT* -- SEE ATTACHMENT 1 4. The terms and provisions of the Municipal Agreement described above (other than to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) are hereby incorporated into this Schedule by reference and made a part hereof. By: Name: Title: TEXTRON FINANCIAL CORPORATION ~BY: .4'--/~ N . : Patricia Herring itle: Asst. Leasing Manager CITY OF MIAMI BEACH, FLORIDA . Assumes all Rental Payments and additional payments due on and prior to that date ha'Ff':=:~ '.' & FOR EXECUnON .' ." ,'.~': :<', I" . ;:.- '~'._ :.... 1 .."... ,._",:,=t.~:~.:~.i~:~~i;.;', ','.' ,.,._-.-~"-~.. ."\4;';";;"'&7:!~\-""'\,;""'" . !..;...:.,.~;. . ,;. :.....,...f;;~ . City Attorn If" Date 00 1.02 I 21163'() 1-003-Q0009 7"1- Schedule 10 Municipal ^ll'llllmenl (Rc:vi$ion Dale: 02iOS) Customer: CITY OF MIAMI BEACH I n f 0 A n a l y s i s Conditional Sales Contract - Summary of J fl-1Jathmcn+ /VO. , Results 12/ 7/05 @ 9:07am File Name: INFOA.IAD Prepared by: E-Z-GO Textron It> J'~ O)"/23(,j -01- OOOOq Res u l t s Sum mar y Monthly Yield Nom A/T Nom PIT Eff A/T Eff PIT ------------- -------- -------- -------- -------- ROI 3.5613% 5.4789% 3.6200% 5.5693% MISF 3.5613% 5.4789% 3.6200% 5.5693% Cas h F low s Total Payments Asset Cost ( 3,388.00 3,020.00) Start Date.... 12/15/05 End Date...... 1/15/09 Based On..... Calculate Term................ 37 Years To Recover Investment.......... 3.0680 Yrs Weighted Avg Life (Base Term)........ 2.2257 Yrs Tax-Affected WAL (ROI)............... 2.2240 Yrs Tax-Affected WAL (MISF).............. 2.2240 Yrs Pre-Tax Cash Flow Total Tax Liability After-Tax Cash Flow 368.00 128.80) ------------------ ------------------ 239.20 ------------------ ------------------ Customer APR - Stream Monthly 5.47495% Effective Lea s e C l ass f cat 0 n 5.61445% -I Pay men t s #Ending pymts in Adv............... 0 Level Principal Pymt.............. No APR Calc Method......:........ 30/360 Simple Interest.................. .No BT APRs reflect Inserv............ No ----------------------------------------------------- Payment Detail Info ------------------------------------------------------ Fi rst Repeating Row Payment Frequency pymt Method Start Date ***........ Payment Schedule ........... Periods Amounts/Pets Seasonal Total Payments Monthly Arrears 12/15/05 36 1 58.00 ( 1.92053%) 1,300.00 ( 43.04636%) No 37 NA Ass e t s ID Description In Svc Cost Date 3,020.00 12/15/05 I nit a l D r e c t C 0 s t s Date Amount % Cost Amortize -------- Total Balloon Balloon Value Date Asset Description 0.00 (0.000%) 1/15/09 Expense 12/15/05 0.00 0.000% 100.000% 0.000% ------------------------------------------------------ IDC Tax Treatment ------------------------------------------------------- .................... Amortize ..................... *** Expense *** Start End ID Amount Method Date Date Amount 1 0.00 F and C 12/15/05 1/15/09 ID Description o the rEx pen s e s % Based On Start Date Periods Amount Frequency Affects 1 Asset Cost 12/15/05 Monthly Cash/Tax/Book T a x Ace 0 u n tin g Fed Tax Pay Method....... Minimum Est State Tax Pay Method......... Use Fed Taxpayer is............. Current Year Fiscal End Month..... ....... December Tax Payment Day................... 15 Fi rst Year Roll-Up................ No Income Method........ Simple Interest Sub-Totaling.................. Period Allocation.... . . . . . . . .. . .. . .. Advance Days In Month..................... 30 SL Monthly Taxes.................. No Interest Method.............. Accrual Income Method.......... Implicit Rate IDC Method.............. Match Income Sub-Total ing. . . ... .. . ... .. .... Period Allocation.. .. . ... .. . . . . . . . .. Advance Days in Month..................... 30 Separate Fed&State Tax............ No Lease Class Residual....... 100.0000% ------------- Tax Rates ------------- *** Federa l *** Date Rate Version 6.3d Page 1 Serial #: ooo-UC Prepared by: E-Z-GO Textron I n f 0 A n a l y s i s 12/ 7/05 @ 9:07am Payment Amortization Report File Name: INFOA. lAD Customer: CITY OF MIAMI BEACH Interest Rate: 5.475OX (Monthly) Principal Accrued Accrued Per 110/Da Payment Principal Interest Balance Interest Int Balance Net Ba lance ---------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- o 12/15 0.00 0.00 0.00 3,020.00 0.00 0.00 3,020.00 ---------------- ---------------- ---------------- ---------------- 2005 12/05 0.00 0.00 0.00 0.00 1 1/15 58.00 44.22 13.78 2,975.78 13.78 0.00 2,975.78 2 2/15 58.00 44.42 13.58 2,931.36 13.58 .' 0.00 2,931.36 3 3/15 58.00 44.63 13.37 2,886.73 13.37 0.00 2,886.73 4 4/15 58.00 44.83 13.17 2,841.90 13.17 0.00 2,841.90 5 5/15 58.00 45.03 12.97 2,796.87 12.97 0.00 2,796.87 6 6/15 58.00 45.24 12.76 2,751.63 12.76 0.00 2,751.63 7 7/15 58.00 45.45 12.55 2,706.18 12.55 0.00 2,706.18 8 8/15 58.00 45.65 12.35 2,660.53 12.35 0.00 2,660.53 9 9/15 58.00 45.86 12.14 2,614.67 12.14 0.00 2,614.67 10 10/15 58.00 46.07 11.93 2,568.60 11.93 0.00 2,568.60 11 11/15 58.00 46.28 11.72 2,522.31 11.72 0.00 2,522.31 12 12/15 58.00 46.49 11.51 2,475.82 11.51 0.00 2,475.82 ---------------- ---------------- ---------------- ---------------- 2006 12/06 696.00 544.18 151.82 151.82 13 1/15 58.00 46.70 11.30 2,429.12 11.30 0.00 2,429.12 14 2/15 58.00 46.92 11.08 2,382.20 11.08 0.00 2,382.20 15 3/15 58.00 47.13 10.87 2,335.07 10.87 0.00 2,335.07 16 4/15 58.00 47.35 10.65 2,287.72 10.65 0.00 2,287.72 17 5/15 58.00 47.56 10.44 2,240.16 10.44 0.00 2,240.16 18 6/15 58.00 47.78 10.22 2,192.38 10.22 0.00 2,192.38 19 7/15 58.00 48.00 10.00 2,144.38 10.00 0.00 2,144.38 20 8/15 58.00 48.22 9.78 2,096.17 9.78 0.00 2,096.17 21 9/15 58.00 48.44 9.56 2,047.73 9.56 0.00 2,047.73 22 10/15 58.00 48.66 9.34 1,999.07 9.34 0.00 1,999.07 23 11/15 58.00 48.88 9.12 1,950.20 9.12 0.00 1,950.20 24 12/15 58.00 49.10 8.90 1,901.09 8.90 0.00 1,901.09 ---------------- ---------------- ---------------- ---------------- 2007 12/07 696.00 574.73 121.27 121.27 25 1/15 58.00 49.33 8.67 1,851.77 8.67 0.00 1,851.77 26 2/15 58.00 49.55 8.45 1,802.22 8.45 0.00 1,802.22 27 3/15 58.00 49.78 8.22 1,752.44 8.22 0.00 1,752.44 28 4/15 58.00 50.00 8.00 1,702.43 8.00 0.00 1,702.43 29 5/15 58.00 50.23 7.77 1,652.20 7.77 0.00 1,652.20 30 6/15 58.00 50.46 7.54 1,601.74 7.54 0.00 1,601.74 31 7/15 58.00 50.69 7.31 1,551.05 7.31 0.00 1,551.05 32 8/15 58.00 50.92 7.08 1,500.12 7.08 0.00 1,500.12 33 9/15 58.00 51.16 6.84 1,448.97 6.84 0.00 1,448.97 34 10/15 58.00 51.39 6.61 1,397.58 6.61 0.00 1,397.58 35 11/15 58.00 51.62 6.38 1,345.95 6.38 0.00 1,345.95 36 12/15 58.00 51.86 6.14 1,294.10 6.14 0.00 1,294.10 ---------------- ---------------- ---------------- ---------------- 2008 12/08 696.00 607.00 89.00 89.00 37 1/15 1,300.00 1,294.10 5.90 -0.00 5.90 0.00 -0.00 ---------------- ---------------- ---------------- ---------------- 2009 1/09 1,300.00 1,294.10 5.90 5.90 ================ ================ ================ ---------------- ---------------- Totals 3,388.00 3,020.00 368.00 368.00 Version 6.3d Page 3 Serial #: ooo-UC (<)',a8038-'C IDformatJoll Retum for SRI T...ax..... G............. 80ftd ....... LeaI_. aDd lnItallmellt Sales .. U'I'liIN'......... CC*.... 1. !RIW tmill1ll:Qf ~ ow ~1:>4~.qi.ro ~ it IM.~ prli;c Of !'IIt-!$.iOO)$ $H~,lXlO lY~, li'Ite f'!Vl!'t 1OJ8-U Chid. box it Amended Reua .. ,2 ~....,., Iii ............ ~.596000372 I~~ '" \$~",,~ 5 (1 r~~".i":!tl'l.tffm~", 230\ A"L~;~~ k,,:1j' ~,. "t~ -mj It!ltf ~ ~"~~ *'~& . ("1. I<<';t'l, tY ~""" '~If, fit*,. .lMJ2JP 1X$ MIAMI BEACH, FL 33139 .""""1& #'>;\ Hl{t 1)1 <It";;,,, ;;t ~ ~_t'fJ"" ..~ rr.,iRS '''''l! ".. 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SlOO(fOO tmSllh fOOn 3mf..G{; ..... Of 6 tM, WI ~'__iIO~ <lS1<laCl>>t)f ""1JMl.likt Form ~ A<<unfOfTIill'E..~ ~ fate. HpIr....nttum. 15~ I'IIMilthe <lpClI>>. ~ flit <& ~'<m DO3&<< kif IIl'l'jI.llll.~~~MtI IJIll$b ~ or ~ Wn$lOO.OIi1 An ~* 01& tM~ lXllld !IMd to flnertc1t~~ ItlU:\I1.fil... ~rtm~fOf~~w giw Jl:IfIitc:l1U the! IRS /bat ilIIl dI!ctlcn ll._ lIwte to pGy..' lJ pm.1ly "., Of ~ febD_Uwh12~, FIhlJ. ~flttlll'n. fl)( llII wc-imlt!lpl!)D'Al1flll'lielUl Clbtg*" _ 6'M p1(~ Of ~ thM. Sf 00,000 rJl& ./II. IlOI ~ M .lI ~_ fllilm 1lQ..OC. ....'"'*.6~W~ mtLm irdJdngNt -:n l?'..uB ~ M1hn h~~ t~ T~ M~" m31.a~" form $l)J3.(;C fOf .-:tI (It . ~ Of $mall ~ llIJC!hlpCrttlw r~e(lll'IIIdI ~ ~ <tumo.t1!$ ~ ,..~ooe c~ fOh It>>3.GC...~. It ~ fOlm l!OJ3.GC l'IMt l>> fNc'Ito '" &fa IRS I'lCID db ell!db1 to pay It ~ 11I_<;1.... ..~ When To F1Je 1'9 tile 11 upwah ~ (jg. 1='r.rm 1llnS-{'.c 00 << bii4'0'(> t#W 1!iI.h &.Iy o:.It l:lllt SlI(.'Cfld l:~ flIl:ll'Jttt aIW ft.i.~ 01 1M c~ qu&l'(et fl ~h tf!e mue .#t. ~ti(1. Tl>. lit cons.cldiUed tllU'n, . Fetm ~,GC Ull tit ~ f'~ 1WIoIU. {'~.,. ~ "" .,.... vMl:tl_ ~ " iIs!luJld. ... ..... Aa iSMr ..,. bit..... ~d._ to'" fon toJf.GC UIlder Sediarl3 Ii Rn. PnIc. &10. ~. c.a "1f'1&~1I'lllt_,..to_ (1ft 1IN is flI)t fb to ... ~ Type Of .....lIt the lap of .. tanrt. .. St....rmmt It ~ Itl~'lC."". Proc. ..10,' 4tt.adt to .. r.... ...GC It liIbf ........ O;hitlnlO * ~ fOf'lJ\ ... /'JOt ~C:"iRSMrimo...... ~ ~_~IA~I$~ sniratbt bilile IRS, E>> ld dmIt cup. f:J itfrJ tlond ~ ...",..~ ..~.. _..... To Fillt below. ..... To fie file fCfm __,00. ind...., ~ >lillhtb)~~~~. ~ UT 8Ql)t ~ r~,~t.~~ftf_ 0tMr Fomw. TMlIIJey .. ReqWed f(;f'~"'. ~.' "~.'.. .In lieu' i tIi!t f~ ~ 1'.~ .rw- 8Ild Penaly ., lieu cf """9 ~. ,~",,~~.l.M'_ .... ~ AilWm b' Taa:~ ~ A.ctMty &end__ RocnIng to Whole Dahrs You rn:IY" the I'IIOI'IftY ~M tIlis Mufti. ~-doIW dIOOlIltS. To do $(I dlcp Mtf IImClllI"f lM'IIi ttWl so t:lItU IU'Id j~ ~ ~ fmIn 5010 to CIm'$ fJ) Ule ..xl f'llghIV daIIllr" .Odnldons ~ .. "'.. Tta fll!hn.1o .1I1lingfIt ~~~1ffOlm a>>8-GClu.dklr.....~ tit 10 ......... T=l grw<<IlI.... ~ if. fool.. . . t<<C~~. T..,...... ,*,,*,Ii. 1hll i$. ~ ~~~crmmc:w .... cn~_imfMt i$.~rrom ~""!IiIldiM 'lOt ,......... . . ~II-IlhJ. . oIl"'.~illn.A tu..... . . .... nc:c.a,p$i_ ai9ay banc:t_.~ ir. ill tax..... ~..=:" tlU ~&bond iitued bi a . ___ ... ~lBfer~ 1~ -...MIIiNIY....'* ~ M ~.~.. pMoI.. ... tit l'Mctt: . M;n'1hM 10%.01_ ~ are t1)bf U/iOlId _.,,...,... ~ ~ lI$CI. and . IRS Form 8038-GC and Instructions ':.111 "" ~""1&9 I of2 f_ 1038-GC ~.. H.~ '~'Ide~~.ltM>bllIfIl1IWt' be~a! .~$k"" ~~ ':;&110.\I,('ll' by ctar9 1-400.TAX.fORU Itlhn [IN r. mI ~ f~ by Iht! We wttl b rexm80J&G. 'lltrt+'~ lut n CIle ~ b~9\t Line... Alla 1M ~ 3. tlt'1lIIt twD 'MIf~IM~ NIX/bel ~ .~~~. tD'flj#tw!Y.~ ~ (..0 J:!.4.):~.~1 un... T~ dfh or ... Ii gec'ldf4lly ll'le .(blh QrtWfllCh'h ~~~ tr.:. ~1haI.._dht~foth ~'ll {O! dher ~..)fut.. ref ,,1eaH 01 ~....., ~ u. ~ SlllW15 ~ at1m.lIl!. Line 7. If Ibut< IS I!O rwIIIf'rl' oIlhe ...... ~ Pf~ Olt'}i)I ~lOllh& lMu& Line I.E'*' file custP (~of IJnit:rIm ~ ~ ProclldiOf fU'I!bef or~ tlCrlIf~_..~. " tlI(t.... dI>H not u.... OO&,,~, ~ -Nc:ne' an nIl PM Il-l)pI of I.... '~httr>>or~ ~'" ~-~tloltt..}-~ t!In (~I~ldIt9... pll<lII (1lCCI1.... prica !.II'dm' DeN....... an palJl'lj AltAl:h iJ ~ ~,.,..;nt EiN!l of ~__l/)'*j)t~et~ o~ d ~ Irom.... Q' IN ...... un. 11. ~ 100 b(l1C ()fi l!t!i$IN 00lv if t!OOi. 11~ l1dUoot~.ftlla(a~~, i)t '1'$ ~ ljllhJ ~ ~ LM 1.. 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CERTIFICATE OF ACCEPTANCE The undersigned, as Lessee under the Municipal Agreement, dated 11/14/2002 and Schedule No. 01-00009. dated /~~07~ o;.oo,S (collectively, the "Schedulel'), with TEXTRON FINANCIAL CORPORA 10 ("Lessor"), certifies that as of . . ......~.~-.........m-at~e::\......,."~~-"._"'......~".-...."".,...."'.......... ........ ............-......".... ....... . . ... . \ J.J ~ J .- :......_-....-. ,'.. ........:.-:.,...--:.:~._...,....'...... "'NY';~.-.'.'.',"",'." ...... ''''~''''~.'''.'.'' ......-.... 1. The items of the Equipment identified in the Schedule (the "EQUIPMENT") have been delivered and installed at the location(s) set forth therein and 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 as of the date of this Certificate. 2. Lessor is authorized and directed to fund the acquisition of ihe Equipment by paying the vendor(s) the amounts set forth on the attached invoices. CITY OF MIAMI BEACH, FLORIDA By: Name: Title: 00 1-(21286).0 1.003.00009 7594 AcccpIIlI<< CcrtifiC:Ile (Revision Date: OlIOS) APPROVED MlO FORM & LANGUAGI! & FOR EXECUTION .~~ CIty Attorney \r D.. ACORDTM PRODUCER Aon Risk services, Inc. of Massachusetts 99 High Street Boston MA 02110 PHONE. (866) 266-7475 FAX - (866) 467-7847 INSURED Textron, Inc. and E-Z-GO Division of Textron Inc. 1451 Marvin Griffin Road P.O. BoX 388 Augusta GA 30913 USA COMPANY A Liberty Mutual Insurance Co. COMPANY B LibertY.Mutual Fire Ins Co t ... ~ '0 ::: COMPANY C westminster Ins Co. COMPANY THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOTWITHSTANDING NlY REQUIREMENT, TERM OR CONDITION OF NlY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO VlftiICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, Tn'IormstIRANCI POUCY Nl/MBIll. POUCY Iln'IlCTIVI DATI (MM/D1l/YY) 01/01/06 ~~ BOOIl. Y INJURY ( Per person) LIMml rl en S5,ooo, 00 '" S5,ooo, N m 55,000, ~ 8 55,000,00 '" '^ 55,000, 0 Z a 53,000,000 t U 344lGLUSOO5 GENERAL LIABILITY COM'oERClAl GEIoERAL UABLITY CLAIMS MADE [B] OCCUR 0WI0ER'S & CONTRACTOR'S PROT AS26l1OO4497025 us and canada 04/01/05 BOOIl. Y INJURY (Per accident) AUTO ON.. Y - EA ACCDENT THER lHAN AUTO ON.. Y: EACH ACCOENT AGGREGATE ACH OCCI..RRENCE AGGREGATE A WORKER'8 COMPENSATION AND EMPLOVERS'LIA8LITY A TH: PROPRIETOR! X INCL PARlNERSlEXECUTIVE CHICERS ARE EXCL WA76lDOO4497125 AOS deduC1:i b 1. po 1; cy 1<<:76l1OO4497095 ~, ID, OR, MY Non Deductib1. 04/01/05 04/01/06 04/01/05 04/01/06 EL OISEASE-POUCY LMT EL DlSEASE-EA EItf>LOYEE 8 X Excess lIIC EW7611lOO4497065 EXCESS we (s.lf Insur.d Stat.s 04/01/05 04/01/06 EL each Acci dent EL Oisease - Policy EL Oi sease - Ea Emp 1 DE8CRlPT1ON OF OPERATION8A.OCAl1ONSIVEHlCLElllSPEClAL ITEMS Evidence of Insurance E-Z-GO Division of Textron 1451 Marvin Griffin Road PO Box 388 Augusta GA 30913 USA EXPIRAllON DATE THEREOF, THE ISSUNG COMPANY V\l.L EI'VEAVORTO MAlL 30 DAYS WRITTEN N011CE TO THE CERllFlCATE HOLDER NMED TO THE LEFT. BUT F' AllURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGA llON OR UABLIlY OF' ANY KIND UPON THE COMPANY. ITS AGENTS OR REPRESENTATIVES. AlffiiORlZED REPRESENTATIVE ~"""'JIII,..."", ....... ." M I. .M . ... .-. . v~.. ~ ~ww~ ~.W"" 1M TEXTRON 11'\ \ ,,( 1\1 ~t. 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I CITY OF MIAMI BEACH 1700 CONVENTION CENTER DRIVE, MIAMI BEACH, FLORIDA 33139 http:\\www.miamibeachfl.gov m PROCUREMENT DIVISION Telephone (305) 673-7490 Facsimile (305) 673-7851 INVITATION TO BID NO. 32-04/05 ADDENDUM NO.1 August 10,2005 FOR THE LEASE OF GOLF CARTS AND OTHER NUSCELLANEOUS GOLF EQUlPMENTNEIDCLES is amended as follows: I. CHANGE: Section 2.2 - TERM OF CONTRACT to read as follows: This contract shall be for thirty-six (36) months, to begin December 16, 2005, and end December 15,2008. II. ADD: The following to the Minimum Specifications: Line Item #3: (2005 Electric Flat Bed Carts) "to include front lights and sides to the flat bed carts". Line Item #4: (2005 Electric Ranger Cart with Light Kit and Safety Windshield Window) "to include a top to the Electric Ranger Cart". III. ADD: Copy of the current Lease Agreement with E-Z Go -Textron Financial. (Attached) IV. QUESTIONS AND ANSWERS: Q. Customer crashes car or drives car into lake. Repairs to the car are made by the vendor as per the contract. Is this cost billable to the City of Miami Beach? A. Yes, the City would be responsible subject to the provisions/limits of Florida Statue 768.28. Q. Miami Beach is negligent in filling battery, resulting in replacement(s) batteries. Is this cost billable to Miami Beach? A. Yes, the City would be responsible subject to the provisions/limits of Florida Statue 768.28. ITB NO. 32-04/05 ADDENDUM NO.1 Page 2 Proposers/Bidders are reminded to please acknowledge receipt ofthis addendum with their proposals/bids or the proposal/bid may be considered non-responsive. CITY OF MIAMI BEACH ,,~::;:~,/" (. ... Gus Lopez, CPPO Procurement Director CITY OF MIAMI BEACH m 1700 CONVENTION CENTER DRIVE, MIAMI BEACH, FLORIDA 33139 http:\\miamlbeachfl.gov PROCUREMENT DIVISION Telephone (305) 673-7490 Facsimile (305) 673-7851 PUBLIC NOTICE INVITATION TO BID NO. 32-04/05 Sealed bids will be received by the City of Miami Beach Procurement Director, 3rd Floor, 1700 Convention Center Drive, Miami Beach, Florida 33139, until 3:00 p.m. on the 19th of August, 2005 for: FOR THE LEASE OF GOLF CARTS AND OTHER MISCELLANEOUS GOLF EQUIPMENTNEHICLES Description: The purpose of this bid is to establish a Lease Agreement/contract, by means of sealed bids to a qualified contractor for the Lease of seventy-five (75) Golf Carts and other miscellaneous Golf EquipmentN ehicles for a period of thirty-six months, for the Department of Parks & Recreation with the City of Miami Beach. A Pre-Bid Conference will be held at 11:00 a.m. on August 4, 2005 in the City Manager's Large Conference Room, located at City Hall, 1700 Convention Center Drive, 4th Floor Miami Beach Florida. Attendance at the Pre-bid Conference is highly encouraged and recommended as a source of information but is not mandatory. At time, date, and place above, bids will be publicly opened. Any bids or proposals received after time and date specified will be returned to the bidder unopened. The responsibility for submitting a bid/proposal before the stated time and date is solely and strictly the responsibility of the bidder/proposer. The City is not responsible for delays caused by mail, courier service, including U.S. Mail, or any other occurrence. The City of Miami Beach has contracted with BidNet and has begun utilizing a new central bid notification system created exclusively for state and local agencies located in South Florida. Created in conjunction with BidNet(r), this new South Florida Purchasing system has replaced the DemandStar system and allow vendors to register online and receive notification of new bids, amendments and awards. Vendors with Internet access should review the registration options at the following website: www.govbids.com/scripts/southfloridalpublic/home I.asp. If you do not have Internet access, please call the BidNet(r) support group at 800-677-1997 extension # 214. Any questions or clarifications concerning this Bid shall be submitted in writing by mail or facsimile to the Procurement Division, 1700 Convention Center Drive, Miami Beach, FL 33139, or FAX: (305) 673- 7851. The Bid title/number shall be referenced on all correspondence. All questions must be received no later than ten (10) calendar days prior to the scheduled Bid opening date. All responses to questions/clarifications will be sent to all prospective bidders in the form of an addendum. The City of Miami Beach reserves the right to accept any proposal or bid deemed to be in the best interest ofthe City of Miami Beach, or waive any informality in any proposal or bid. The City of Miami Beach may reject any and all proposals or bids. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 2 YOU ARE HEREBY ADVISED THAT THIS INVITATION TO BID IS SUBJECT TO THE "CONE OF SILENCE," IN ACCORDANCE WITH ORDINANCE NO. 2002-3378. A COpy OF ALL WRITTEN COMMUNICA TION(S) REGARDING THIS BID MUST BE FILED WITH THE CITY CLERK. YOU ARE HEREBY ADVISED THAT THIS INVITATION TO BID IS SUBJECT TO THE "CODE OF BUSINESS ETHICS" ("CODE"), IN ACCORDANCE WITH RESOLUTION NO. 2000-23879. YOU ARE HEREBY ADVISED THAT THIS INVITATION TO BID IS SUBJECT TO THE CITY OF MIAMI BEACH DEBARMENT ORDINANCE NO. 2000-3234. YOU ARE HEREBY ADVISED THAT THIS INVITATION TO BID IS SUBJECT TO THE BID SOLICITATION PROTEST ORDINANCE NO. 2002-3344. YOU ARE HEREBY ADVISED THAT THIS INVITATION TO BID IS SUBJECT TO THE CITY OF MIAMI BEACH LOBBYIST FEES DISCLOSURE ORDINANCE NO. 2002-3363. YOU ARE HEREBY ADVISED THAT THIS REQUEST FOR BID IS SUBJECT TO THE CAMPAIGN CONTRIBUTIONS BY VENDORS ORDINANCE NO. 2003-3389. YOU ARE HEREBY ADVISED THAT THIS BID SOLICITATION IS SUBJECT TO THE LOCAL PREFERENCE ORDINANCE NO. 2003-3413. RESPONSIVE AND RESPONSIBLE MIAMI BEACH-BASED VENDORS THAT ARE WITHIN 5% OF THE LOWEST AND BEST BIDDER, WILL BE GIVEN AN OPPORTUNITY OF PROVIDING SAID GOODS OR GENERAL SERVICES CONTAINED HEREIN, FOR THE LOWEST RESPONSIVE BID AMOUNT. Detailed representation of all these ordinances can be found on the City of Miami Beach WebSite at http://www .m jam j beach fl. gOY /newc jtv /depts/purchase/bid j ntro.asp CITY OF MIAMI BEACH .......-;. ./ //// ,?-.... '/' ,./ . /~..-~- I v Gus Lopez, CPPO Procurement Director BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 3 CITY OF MIAMI BEACH lQ 1700 CONVENTION CENTER DRIVE, MIAMI BEACH, FLORIDA 33139 http:\\miamibeachfl.gov PROCUREMENT DIVISION Telephone (305) 673.7490 Facsimile (305) 673.7851 I NOTICE TO PROSPECTIVE BIDDERS NO BID: If not submitting a bid at this time, please detach this sheet from the bid documents, complete the information requested, and return to the address listed above. NO BID SUBMITIED FOR REASON(S) CHECKED AND/OR INDICATED: . _Our company does not handle this type of product/service. _We cannot meet the specifications nor provide an alternate equal product. _Our company is simply not interested in bidding at this time. _Due to prior commitments, I was unable to attend pre-proposal meeting. _OTHER. (Please specify) We do _ do not _ want to be retained on your mailing list for future bids for the type or product and/or service. Signature: Title: Company: Note: Failure to respond, either by submitting a bid Q! this completed form, may result in your company being removed from the City's bid list. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 4 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 1.0 GENERAL CONDITIONS 1.1 SEALED BIDS: Original copy of Bid Form as well as any other pertinent documents must be returned in order for the bid to be considered for award. All bids are subject to the conditions specified hereon and on the attached Special Conditions, Specifications and Bid Form. The completed bid must be submitted in a sealed envelope clearly marked with the Bid Title to the City of Miami Beach Procurement Division, 3rd floor, 1700 Convention Center Drive, Miami Beach, Florida 33139. Facsimile or e-mailed bids will not be accepted. 1.2 EXECUTION OF BID: Bid must contain a manual signature of an authorized representative in the space provided on the Bid Form. Failure to properly sign bid shall invalidate same and it shall NOT be considered for award. All bids must be completed in pen and ink or typewritten. No erasures are permitted. If a correction is necessary, draw a single line through the entered figure and enter the corrected figure above it. Corrections must be initialed by the person signing the bid. Any illegible entries, pencil bids or corrections not initialed will not be tabulated. The original bid conditions and specifications CANNOT be changed or altered in any way. Altered bids will not be considered. Clarification of bid submitted shall be in letter form, signed by bidders and attached to the bid. 1.3 NO BID: If not submitting a bid, respond by returning the enclosed bid form questionnaire, and explain the reason. Repeated failure to bid without sufficient justification shall be cause for removal of a supplier's name from the bid mailing list. 1.4 PRICES QUOTED: Deduct trade discounts and quote firm net prices. Give both unit price and extended total, when requested. Prices must be stated in units of quantity specified in the bidding specifications. In case of discrepancy in computing the amount of the bid, the UNIT PRICE quoted will govern. All prices must be F .O.B. destination, freight prepaid (unless otherwise stated in special conditions). Discounts for prompt payment. Award, if made, will be in accordance with terms and conditions stated herein. Each item must be bid separately and no attempt is to be made to tie any item or items in with any other item or items. Cash or quantity discounts offered will not be a consideration in determination of award ofbid(s). 1.5 TAXES: The City of Miami Beach is exempt from all Federal Excise and State taxes. State Sales Tax and Use Certificate Number is 04-00097-09-23. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 5 1.6 MISTAKES: Bidders are expected to examine the specifications, delivery schedules, bid prices and extensions and all instructions pertaining to supplies and services. Failure to do so will be at the bidder's risk. 1.7 CONDITION AND PACKAGING: It is understood and agreed that any item offered or shipped as a result of this bid shall be the latest new and current model offered (most current production model at the time of this bid). All containers shall be suitable for storage or shipment, and all prices shall include standard commercial packaging. 1.8 UNDERWRITERS' LABORATORIES: Unless otherwise stipulated in the bid, all manufactured items and fabricated assemblies shall be U.L. listed or re-examination listing where such has been established by U.L. for the item(s) offered and furnished. 1.9 BIDDER'S CONDITIONS: The City Commission reserves the right to waive irregularities or technicalities in bids or to reject all bids or any part of any bid they deem necessary for the best interest of the City of Miami Beach, FL. 1.10 EQUIVALENTS: Ifbidder offers makes of equipment or brands of supplies other than those specified in the following, he must so indicate on his bid. Specific article(s) of equipment/supplies shall conform in quality, design and construction with all published claims ofthe manufacturer. Brand Names: Catalog numbers, manufacturers' and brand names, when listed, are informational guides as to a standard of acceptable product quality level only and should not be construed as an endorsement or a product limitation of recognized and legitimate manufacturers. Bidders shall formally substantiate and verify that product(s) offered conform with or exceed quality as listed in the specifications. Bidder shall indicate on the bid form the manufacturer's name and number ifbidding other than the specified brands, and shall indicate ANY deviation from the specifications as listed. Other than specified items offered requires complete descriptive technical literature marked to indicate detail(s) conformance with specifications and MUST BE INCLUDED WITH THE BID. NO BIDS WILL BE CONSIDERED WITHOUT THIS DATA. Lacking any written indication ofintent to quote an alternate brand or model number, the bid will be considered as a bid in complete compliance with the specifications as listed on the attached form. 1.11 NON-CONFORMANCE TO CONTRACT CONDITIONS: Items may be tested for compliance with specifications. Item delivered, not conforming to specifications may be rejected and returned at vendor's expense. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 6 These items and items not delivered as per delivery date in bid and/or purchase order may be purchased on the open market. Any increase in cost may be charged against the bidder. Any violation of these stipulations may also result in: A) Vendor's name being removed from the vendor list. B) All departments being advised not to do business with vendor. 1.12 SAMPLES: Samples of items, when required, must be furnished free of expense and, if not destroyed, will, upon request, be returned at the bidder's expense. Bidders will be responsible for the removal of all samples furnished within (30) days after bid opening. All samples will be disposed of after thirty (30) days. Each individual sample must be labeled with bidder's name. Failure of bidder to either deliver required samples or to clearly identify samples may be reason for rejection of the bid. Unless otherwise indicated, samples should be delivered to the Procurement Division, 1700 Convention Center Drive, Miami Beach, FL 33139. 1.13 DELIVERY: Unless actual date of delivery is specified (or if specified delivery cannot be met), show number of days (in calendar days) required to make delivery after receipt of purchase order, in space provided. Delivery time may become a basis for making an award. Delivery shall be within the normal working hours of the user, Monday through Friday, excluding holidays. 1.14 INTERPRETATIONS: Unless otherwise stated in the bid, any questions concerning conditions and specifications should be submitted in writing to the Procurement Director, 1700 Convention Center Drive, Miami Beach, FL 33139. Fax (305) 673-7851. 1.15 BID OPENING: Bids shall be opened and publicly read on the date, time and place specified on the Bid Form. All bids received after the date, time, and place shall be returned, unopened. 1.16 INSPECTION, ACCEPTANCE & TITLE: Inspection and acceptance will be at destination unless otherwise provided. Title t%r risk of loss or damage to all items shall be the responsibility of the successful bidder until acceptance by the buyer unless loss or damage result from negligence by the buyer. If the materials or services supplied to the City are found to be defective or not conform to specifications, the City reserves the right to cancel the order upon written notice to the seller and return product at bidder's expense. 1.17 PAYMENT: Payment will be made by the City after the items awarded to a vendor have been received, inspected, and found to comply with award specifications, free of damage or defect and properly invoiced. BID NO: 31-04/05 DATE: 07/11/05 CITY OF MIAMI BEACH 7 1.18 DISPUTES: In case of any doubt or difference of opinion as to the items to be furnished hereunder, the decision of the City shall be final and binding on both parties. 1.19 LEGAL REQUIREMENTS: Federal, State, county and city laws, ordinances, rules and regulations that in any manner affect the items covered herein apply. Lack of knowledge by the bidder will in no way be a cause for relief from responsibility. 1.20 PATENTS & ROYALTIES: The bidder, without exception, shall indemnify and save harmless the City of Miami Beach, Florida and its employees from liability of any nature or kind, including cost and expenses for, or on account of, any copyrighted, patented, or unpatented invention, process, or article manufactured or used in the performance of the. contract, including its use by The City of Miami Beach, Florida. If the bidder uses any design, device or materials covered by letters, patent, or copyright, it is mutually understood and agreed, without exception, that the bid prices shall include all royalties or cost arising from the use of such design, device, or materials in any way involved in the work. 1.21 OSHA: The bidder warrants that the product supplied to the City of Miami Beach, Florida shall conform in all respects to the standards set forth in the Occupational Safety and Health Act of 1970, as amended, and the failure to comply with this condition will be considered as a breach of contract. Any fines levied because of inadequacies to comply with these requirements shall be borne solely by the bidder responsible for same. 1.22 SPECIAL CONDITIONS: Any and all Special Conditions that may vary from these General Conditions shall have precedence. 1.23 ANTI-DISCRIMINATION: The bidder certifies that he/she is in compliance with the non-discrimination clause contained in Section 202, Executive Order 11246, as amended by Executive Order 11375, relative to equal employment opportunity for all persons without regard to race, color, religion, sex or national origin. 1.24 AMERICAN WIm DISABILITIES ACT: Call (305) 673-7490NOICE to request material in accessible format; sign language interpreters (five days in advance when possible), or information on access for persons with disabilities. For more information on ADA compliance please call Heidi Johnson Wright, Public Works Department, at 305.673.7080. 1.25 QUALITY: All materials used for the manufacture or construction of any supplies, materials or equipment covered by this bid shall be new. The items bid must be new, the latest model, of the best quality, and highest grade workmanship. BID NO: 31-04/05 DATE: 07/11/05 CITY OF MIAMI BEACH 8 1.26 LIABILITY, INSURANCE, LICENSES AND PERMITS: Where bidders are required to enter or go onto City of Miami Beach property to deliver materials or perform work or services as a result of a bid award, the successful bidder will assume the full duty, obligation and expense of obtaining all necessary licenses, permits and insurance and assure all work complies with all applicable Miami-Dade County and City of Miami Beach municipal code requirements as well as the Florida Building Code. The bidder shall be liable for any damages or loss to the City occasioned by negligence ofthe bidder (or agent) or any person the bidder has designated in the completion ofthe contract as a result of his or her bid. 1.27 BID GUARANTYIPAYMENT AND PERFORMANCE BOND: N/A 1.28 DEFAULT: Failure or refusal of a bidder to execute a contract upon award, or withdrawal of a bid before such award is made, may result in forfeiture of that portion of any bid surety required equal to liquidated damages incurred by the City thereby, or where surety is not required, failure to execute a contract as described above may be grounds for removing the bidder from the bidder's list 1.29 CANCELLATION: In the event any of the provisions ofthis bid are violated by the contractor, the Procurement Director shall give written notice to the contractor stating the deficiencies and unless deficiencies are corrected within ten (10) days, recommendation will be made to the City Commission for immediate cancellation. The City Commission of Miami Beach, Florida reserves the right to terminate any contract resulting from this invitation at any time and for any reason, upon giving thirty (30) days prior written notice to the other party. 1.30 BILLING INSTRUCTIONS: Invoices, unless otherwise indicated, must show purchase order numbers and shall be submitted in DUPLICATE to the City of Miami Beach, Accounts Payables Department, 1700 Convention Center Drive, Miami Beach, Florida 33139. 1.31 NOTE TO VENDORS DELIVERING TO THE CITY OF MIAMI BEACH: Receiving hours are Monday through Friday, excluding holidays, from 8:30 A.M. to 5:00 P.M. 1.32 SUBSTITUTIONS: The City of Miami Beach, Florida WILL NOT accept substitute shipments of any kind. Bidder(s) is expected to furnish the brand quoted in their bid once awarded. Any substitute shipments will be returned at the bidder's expense. 1.33 FACILITIES: The City Commission reserves the right to inspect the bidder's facilities at any time with prior notice. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 9 1.34 BID TABULATIONS: Bidders desiring a copy of the bid tabulation may request same by enclosing a self-addressed stamped envelope with the bid. 1.35 PROTEST PROCEDURES: Bidders that are not selected may protest any recommendation for Contract award in accordance with City of Miami Beach Ordinance No. 2002-3344, which establishes procedures for resulting protested bids and proposed awards. Protest not timely pursuant to the requirements of Ordinance No. 2002-3344 shall be barred. 1.36 CLARIFICATION AND ADDENDA TO BID SPECIFICATIONS: If any person contemplating submitting a Bid under this Solicitation is in doubt as to the true meaning of the specifications or other Bid documents or any part thereof, the Bidder must submit to the City of Miami Beach Procurement Director at least ten (10) calendar days prior to scheduled Bid opening, a request for clarification. All such requests for clarification must be made in writing and the person submitting the request will be responsible for its timely delivery. Any interpretation of the Bid, if made, will be made only by Addendum duly issued by the City of Miami Beach Procurement Director. The City shall issue an Informational Addendum if clarification or minimal changes are required. The City shall issue a Formal Addendum if substantial changes which impact the technical submission of Bids are required. A copy of such Addendum shall be sent by mail or facsimile to each Bidder receiving the Solicitation. In the event of conflict with the original Contract Documents, Addendum shall govern all other Contract Documents to the extent specified. Subsequent addendum shall govern over prior addendum only to the extent specified. The Bidder shall be required to acknowledge receipt of the Formal Addendum by signing in the space provided on the Bid Proposal Form. Failure to Acknowledge Addendum shall deem its Bid non-responsive; provided, however, that the City may waive this requirement in its best interest. The City will not be responsible for any other explanation or interpretation made verbally or in writing by any other city representative. 1.37 DEMONSTRATION OF COMPETENCY: 1) Pre-award inspection ofthe Bidder's facility may be made prior to the award of contract. Bids will only be considered from firms which are regularly engaged in the business of providing the goods and/or services as described in this Bid. Bidders must be able to demonstrate a good record of performance for a reasonable period of time, and have sufficient financial support, equipment and organization to insure that they can satisfactorily execute the services if awarded a contract under the terms and conditions herein stated. The terms "equipment and organization" as used herein shall be construed to mean a fully equipped and well established company in line with the best business practices in the industry and as determined by the City of Miami Beach. BID NO: 31-04/05 DATE: 07/21105 CITY OF MIAMI BEACH 10 2) The City may consider any evidence available regarding the financial, technical and other qualifications and abilities of a Bidder, including past performance (experience) with the City in making the award in the best interest of the City. 3) The City may require Bidders to show proofthat they have been designated as authorized representatives of a manufacturer or supplier which is the actual source of supply. In these instances, the City may also require material information from the source of supply regarding the quality, packaging, and characteristics of the products to be supplies to the City through the designated representative. Any conflicts between this material information provided by the source of supply and the information contained in the Bidder's Proposal may render the Bid non-responsive. 4) The City may, during the period that the Contract between the City and the successful Bidder is in force, review the successful Bidder's record of performance to insure that the Bidder is continuing to provide sufficient financial support, equipment and organization as prescribed in this Solicitation. Irrespective of the Bidder's performance on contracts awarded to it by the City, the City may place said contracts on probationary status and implement termination procedures if the City determines that the successful Bidder no longer possesses the financial support, equipment and organization which would have been necessary during the Bid evaluation period in order to comply with this demonstration of competency section. 1.38 DETERMINATION OF A WARD The City Commission shall award the contract to the lowest and best bidder. In determining the lowest and best bidder, in addition to price, there shall be considered the following: a. The ability, capacity and skill of the bidder to perform the Contract. b. Whether the bidder can perform the Contract within the time specified, without delay or interference. c. The character, integrity, reputation, judgment, experience and efficiency of the bidder. d. The quality of performance of previous contracts. e. The previous and existing compliance by the bidder with laws and ordinances relating to the Contract. 1.39 ASSIGNMENT: The contractor shall not assign, transfer, convey, sublet or otherwise dispose of this contract, including any or all of its right, title or interest therein, or his or its power to execute such contract to any person, company or corporation without prior written consent of the City of Miami Beach. 1.40 LAWS, PERMITS AND REGULATIONS: The bidder shall obtain and pay for all licenses, permits and inspection fees required for this project; and shall comply with all laws, ordinances, regulations and building code requirements applicable to the work contemplated herein. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 11 1.41 OPTIONAL CONTRACT USAGE: As provided in Section 287.042 (17), Florida Statutes, other State agencies may purchase from the resulting contract, provided the Department of Management Services, Division of Procurement, has certified its use to be cost effective and in the best interest of the State. Contractors have the option of selling these commodities or services certified by the Division to the other State agencies at the agencies option. 1.42 SPOT MARKET PURCHASES: It is the intent of the City to purchase the items specifically listed in this bid from the awarded vendor. However, items that are to be a Spot Market Purchased may be purchased by other methods, Le. Federal, State or local contracts. 1.43 ELIMINATION FROM CONSIDERATION This bid solicitation shall not be awarded to any person or firm who is in arrears to the City upon any debt, taxes or contracts which are defaulted as surety or otherwise upon any obligation to the City. 1.44 WAIVER OF INFORMALITIES The City reserves the right to waive any informalities or irregularities in this bid solicitation. 1.45 ESTIMATED QUANTITIES Estimated quantities or estimated dollars, if provided, are for City guidance only. No guarantee is expressed or implied as to quantities or dollars that will be used during the contract period. The City is not obligated to place any order for a given amount subsequent to the award ofthis bid solicitation. Estimates are based upon the City's actual needs and/or usage during a previous contract period. The City for purposes of determining the low bidder meeting specifications may use said estimates. 1.46 COLLUSION Bids from related parties. Where two (2) or more related parties each submit a bid or proposal for any contract, such bids or proposals shall be presumed to be collusive. The foregoing presumption may be rebutted by presentation of evidence as to the extent of ownership, control and management of such related parties in the preparation and submittal of such bids or proposals. Related parties mean bidders or proposers or the principals thereof which have a direct or indirect ownership interest in another bidder or proposer for the same contract or in which a parent company or the principals thereof of one (1) bidder or proposer have a direct or indirect ownership interest in another bidder or proposer for the same contract. Bids or proposals found to be collusive shall be rejected. Bidders or Proposers who have been found to have engaged in collusion may be considered non-responsible, and may be suspended or debarred, and any contract resulting from collusive bidding may be terminated for default. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 11 1.47 DISPUTES In the event of a conflict between the documents, the order of priority of the documents shall be as follows: . Any agreement resulting from the award of this Bid (if applicable); then . Addenda released for this Bid, with the latest Addendum taking precedence; then . The Bid; then . Awardee's Bid. 1.48 REASONABLE ACCOMMODATION In accordance with the Title II ofthe Americans with Disabilities Act, any person requiring an accommodation at the Bid opening because of a disability must contact Heidi Johnson Wright at the Public Works Department at (305) 673-7080. 1.49 GRATUITIES Proposers shall not offer any gratuities, favors, or anything of monetary value to any official, employee, or agent of the City, for the purpose ofinfluencing consideration of this proposal. 1.50 SIGNED BID CONSIDERED AN OFFER The signed bid shall be considered an offer on the part of the bidder or contractor, which offer shall be deemed accepted upon approval by the City Commission of the City of Miami Beach, Florida and in case of default on the part of successful bidder or contractor, after such acceptance, the City may procure the items or services from other sources and hold the bidder or contractor responsible for any excess cost occasioned or incurred thereby. 1.51 BID CLARIFICATION: Any questions or clarifications concerning this Invitation to Bid shall be submitted in writing by mail or facsimile to the Procurement Department, 1700 Convention Center Drive, Miami Beach, FL 33139 FAX: (305) 673-7851. The bid title/number shall be referenced on all correspondence. All questions must be received no later than ten (10) calendar days prior to the scheduled bid opening date. All responses to questions/clarifications will be sent to all prospective bidders in the form of an addendum. NO QUESTIONS WILL BE RECEIVED VERBALLY OR AFTER SAID DEADLINE. 1.52 TIE BIDS: Please be advised that in accordance with Florida Statues Section 287.087, regarding identical tie bids, preference will be given to vendors certifyirig that they have implemented a drug free work place program. A certification form will be required at the time of Bid submission. BID NO: 32-04/05 DATE: 07121/05 CITY OF MIAMI BEACH 13 1.53 PUBLIC ENTITY CRIMES (PEC): A person or affiliate who has been placed on the convicted vendor list following a conviction for public entity crimes may not submit a bid on a contract to provide any goods or services to a public entity, may not submit a bid on a contract with a public entity for the construction or repair of a public building or public work, may not submit bids on leases of real property to public entity, may not be awarded or perform work as a contractor, supplier, sub- contractor, or consultant under a contract with a public entity, and may not transact business with any public entity in excess of the threshold amount provided in Sec. 287.017, for CATEGORY TWO for a period of36 months from the date of being placed on the convicted vendor list. 1.54 DETERMINATION OF RESPONSIVENESS: Determination of responsiveness will take place at the time of bid opening and evaluation. In order to be deemed a responsive bidder, your bid must conform in all material respects to the requirements stated in their Bid. 1.55 DELIVERY TIME: Vendors shall specify on the attached Bid Form, the guaranteed delivery time (in calendar days) for each item. It must be a firm delivery time, no ranges will be accepted, i.e.; 12-14 days. 1.56 CONE OF SILENCE This invitation to bid is subject to the "Cone of Silence" in accordance with Ordinance No. 2002-3378. A copy of all written communication(s) regarding this bid must be filed with the city clerk. 1.57 TERMINATION FOR DEFAULT If through any cause within the reasonable control ofthe successful bidder, it shall fail to fulfill in a timely manner, or otherwise violate any of the covenants, agreements, or stipulations material to the Agreement, the City shall thereupon have the right to terminate the services then remaining to be performed by giving written notice to the successful bidder of such termination which shall become effective upon receipt by the successful bidder of the written termination notice. In that event, the City shall compensate the successful bidder in accordance with the Agreement for all services performed by the bidder prior to termination, net of any costs incurred by the City as a consequence of the default. Notwithstanding the above, the successful bidder shall not be relieved of liability to the City for damages sustained by the City by virtue of any breach of the Agreement by the bidder, and the City may reasonably withhold payments to the successful bidder for the purposes of set off until such time as the exact amount of damages due the City from the successful bidder is determined. BID NO: 32-04/05 DATE: 07/11/05 CITY OF MIAMI BEACH 14 1.58 TERMINATION FOR CONVENIENCE OF CITY The City may, for its convenience, terminate the services then remaining to be performed at any time without cause by giving written notice to successful bidder of such termination, which shall become effective thirty (30) days following receipt by bidder of such notice. In that event, all finished or unfinished documents and other materials shall be properly delivered to the City. If the Agreement is terminated by the City as provided in this section, the City shall compensate the successful bidder in accordance with the Agreement for all services actually performed by the successful bidder and reasonable direct costs of successful bidder for assembling and delivering to City all documents. No compensation shall be due to the successful bidder for any profits that the successful bidder expected to earn on the balanced of the Agreement. Such payments shall be the total extent of the City's liability to the successful bidder upon a termination as provided for in this section. 1.59 INSURANCE AND INDEMNIFICATION: (See Check List for applicability to this contract) The contractor shall be responsible for his work and every part thereof, and for all materials, tools, appliances and property of every description, used in connection with this particular project. He shall specifically and distinctly assume, and does so assume, all risks of damage or injury to property or persons used or employed on or in connection with the work and of all damage or injury to any person or property wherever located, resulting from any action or operation under the contract or in connection with the work. It is understood and agreed that at all times the contractor is acting as an independent contractor. The contractor, at all times during the full duration of work under this contract, including extra work in connection with this project shall meet the following requirements: Maintain Automobile Liability Insurance including Property Damage covering all owned, non-owned or hired automobiles and equipment used in connection with the work. No change or cancellation in insurance shall be made without thirty (30) days written notice to the City of Miami Beach Risk Manager. All insurance policies shall be issued by companies authorized to do business under the laws ofthe State of Florida and these companies must have a rating of at least B+: VI or better per Best's Key Rating Guide, latest edition. Original signed Certificates oflnsurance, evidencing such coverages and endorsements as required herein, shall be filed with and approved by the City of Miami Beach Risk Manager before work is started. The certificate must state Bid Number and Title. BID NO: 31-04/05 DATE: 07/11/05 CITY OF MIAMI BEACH 15 Upon expiration of the required insurance, the contractor must submit updated certificates of insurance for as long a period as any work is still in progress. It is understood and agreed that all policies of insurance provided by the contractor are primary coverage to any insurance or self-insurance the City of Miami Beach possesses that may apply to a loss resulting from the work performed in this contract. All policies issued to cover the insurance requirements herein shall provide full coverage from the first dollar of exposure. No deductibles will be allowed in any policies issued on this contract unless specific safeguards have been established to assure an adequate fund for payment of deductibles by the insured and approved by the City's Risk Manager. The liability insurance coverage shall extend to and include the following contractual indemnity and hold harmless agreement: "The contractor hereby agrees to indemnify and hold harmless the City of Miami Beach, a municipal corporation, its officers, agents, and employees from all claims for bodily injuries to the public in and up to the amount of$I,OOO,OOO.OO for each occurrence and and for all damages to the property of others in and up to the amount of $1,000,000.00 for each occurrence per the insurance requirement under the specifications including costs of investigation, all expenses of litigation, including reasonable attorney fees and the cost of appeals arising out of any such claims or suits because of any and all acts of omission or commission of any by the contractor, his agents, servants, or employees, or through the mere existence of the project under contract". The foregoing indemnity agreement shall apply to any and all claims and suits other than claims and suits arising out of the sole and exclusive negligence ofthe City of Miami Beach, its officers, agents, and employees, as determined by a court of competent jurisdiction. The contractor will notify his insurance agent without delay of the existence of the Hold Harmless Agreement contained within this contract, and furnish a copy ofthe Hold Harmless Agreement to the insurance agent and carrier. The contractor will obtain and maintain contractual liability insurance in adequate limits for the sole purpose of protecting the City of Miami Beach under the Hold Harmless Agreement from any and all claims arising out of this contractual operation. The contractor will secure and maintain policies of subcontractors. All policies shall be made available to the City upon demand. Compliance by the contractor and all subcontractors with the foregoing requirements as to carrying insurance and furnishing copies ofthe insurance policies shall not relieve the contractor and all subcontractors of their liabilities and obligations under any Section or Provisions of this contract. Contractor shall be as fully responsible to the City for the acts and omissions of the subcontractor and of persons employed by them as he is for acts and omissions of persons directly employed by him. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 16 Insurance coverage required in these specifications shall be in force throughout the contract term. Should any awardee fail to provide acceptable evidence of current insurance within seven days of receipt of written notice at any time during the contract term, the City shall have the right to consider the contract breached and justifying the termination thereof. Ifbidder does not meet the insurance requirements of the specifications; alternate insurance coverage, satisfactory to the Risk Manager, may be considered. It is understood and agreed that the inclusion of more than one insured under these policies shall not restrict the coverage provided by these policies for one insured hereunder with respect to a liability claim or suit by another insured hereunder or an employee of such other insured and that with respect to claims against any insured hereunder, other insureds hereunder shall be considered members of the public; but the provisions of this Cross Liability clause shall apply only with respect to liability arising out of the ownership, maintenance, use, occupancy or repair of such portions of the premises insured hereunder as are not reserved for the exclusive use of occupancy of the insured against whom claim is made or suit is filed. BID NO: 31-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 17 INSURANCE CHECK LIST XXX 1. Workers' Compensation and Employer's Liability per the Statutory limits ofthe state of Florida. XXX 2. Comprehensive General Liability (occurrence form), limits of liability $ 1.000.000.00 per occurrence for bodily injury property damage to include Premises! Operations; Products, Completed Operations and Contractual Liability. Contractual Liability and Contractual Indemnity (Hold harmless endorsement exactly as written in "insurance requirements" of specifications). XXX 3. Automobile Liability - $1,000,000 each occurrence - owned/non-owned/hired automobiles included. 4. Excess Liability - $ .00 per occurrence to follow the primary coverages. XXX 5. The City must be named as and additional insured on the liability policies; and it must be stated on the certificate. 6. Other Insurance as indicated: _ Builders Risk completed value _ Liquor Liability _ Fire Legal Liability _ Protection and Indemnity _ Employee Dishonesty Bond Other $ $ $ $ $ $ .00 .00 .00 .00 .00 .00 XXX 7. Thirty (30) days written cancellation notice required. XXX 8. Best's guide rating B+:VI or better, latest edition. XXX 9. The certificate must state the bid number and title BIDDER AND INSURANCE AGENT STATEMENT: We understand the Insurance Requirements of these specifications and that evidence of this insurance may be required within five (5) days after bid opening. Bidder Signature of Bidder BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 18 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 2.0 SPECIAL CONDITIONS 2.1 PURPOSE: The purpose of this bid is to establish a Lease Agreement/contract, by means of sealed bids to a qualified contractor/distributor for the Lease of seventy-five (75) Golf Carts and other miscellaneous Golf Eq uipmentN ehicles for the Department of Parks & Recreation with the City of Miami Beach. 2.2 TERM OF CONTRACT: This contract shall be for thirty-six (36) months, to begin October 25, 2005, and end October 24, 2008. 2.3 METHOD OF AWARD: Award of this contract will be made to the lowest responsive, responsible bidder whose bid will be most advantageous to the City of Miami Beach. Award of this contract will be contingent upon the City's acceptance ofthe Terms and Conditions of the proposed Lease Agreement submitted. SEE SECTION 2.28 - LEASE AGREEMENT 2.4 PAYMENT: The City will agree to pay the successful bidder upon receipt of invoice(s) on a monthly basis for the duration of the contract. 2.5 ADDITIONS/DELETIONS OF FACILITIES: N/A 2.6 PRICES SHALL BE FIXED AND FIRM FOR TERM OF CONTRACT: If the bidder is awarded a contract under this bid solicitation, the prices quoted by the bidder on the Bid Form shall remain fixed and firm during the term of this contract; provided, however, that the bidder may offer incentive discounts from this fixed price to the City at any time during the contractual term. 2.7 PRE-BID CONFERENCE/SITE INSPECTION: A Pre-Bid Conference will be held at 11 :00 a.m. on August 4, 2005 in the City Manager's Large Conference Room, located at City Hall, 1700 Convention Center Drive, 4th Floor Miami Beach Florida. Attendance at the Pre-bid Conference is highly encouraged and recommended as a source of information but is not mandatory. BID NO: 31-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 19 2.8 VENDOR APPLICATION The City of Miami Beach has contracted with BidNet and has begun utilizing a new central bid notification system created exclusively for state and local agencies located in South Florida. Created in conjunction with BidNet(r), this new South Florida Purchasing system has replaced the DemandStar system and allow vendors to register online and receive notification of new bids, amendments and awards. Vendors with Internet access should review the registration options at the following website: www.govbids.comlscriotslsouthflorida/publiclhomel.asp. If you do not have Internet access, please call the BidNet(r) support group at 800-677-1997 extension # 214. 2.9. CONTACT PERSON: The contact person for this Invitation to Bid is John Ellis. The contact person may be reached by phone: 305.673.7490; fax: 305.673.7851; or e-mail: johnellis@miamibeachfl.gov. Communications between a proposer, bidder, lobbyist or consultant and Procurement Staff is limited to matters of process or procedure. Requests for additional information or clarifications must be made in writing to the contact person, with a copy to the City Clerk, no later than ten (10) calendar days prior to the scheduled Bid opening date. The City will issue replies to inquiries and any other corrections or amendments it deems necessary in written addenda issued prior to the deadline for responding to the Bid. Bidders should not rely on representations, statements, or explanations other than those made in this Bid or in any written addendum to this Bid. Bidders should verify with the Procurement Division prior to submitting a proposal that all addenda have been received. YOU MUST FAMILIARIZE YOURSELF WITH GENERAL CONDITION 1.66, ENTITLED CONE OF SILENCE, WHICH SETS FORTH THE POLICIES AND PROCEDURES RELATIVE TO ORAL AND WRITTEN COMMUNICATIONS. 2.10 SAMPLES: WILL BE SUBMITTED AS AN ADDENDUM. 2.11 LIQUIDATED DAMAGES: See Section 2.28 - Delivery. 2.12 DISCOUNTS (From published price lists): N/A 2.13 ESTIMATED QUANTITIES: N/A 2.14 HOURLY RATE: N/A 2.15 WARRANTY: The successful bidder will be required to warranty all equipment supplied. Warranty shall be described in detail on the attached Bid Form. Golf Carts and all miscellaneous Golf Equipment/V ehicles shall have full factory warranty of a minimum ofthree (3) years. BID NO: 31-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 20 2.16 PRODUCT/CATALOG INFORMATION: All bidders must submit product information on the product they propose to furnish if awarded this contract. Failure to submit such information may result in rejection of your bid. 2.17 REFERENCES (pROVIDE 8 REFERENCES) Each bid must be accompanied with or within 5 calendar days from receipt of request from the Procurement Division, a minimum of eight (8) references on the Customer Reference Forms on Page 42 and 43. References shall include the name of the company, a contact person, the telephone number and the contract amount. NO BID WILL BE CONSIDERED WImOUT THIS LIST. 2.18 COMPLETE PROJECT REQUIRED: N/A 2.19 BIDDER QUALIFICATIONS: N/A 2.20 LATE BIDS: At time, date, and place above, bids will be publicly opened. Any bids or proposals received after time and date specified will be returned to the bidder unopened. The responsibility for submitting a bid/proposal before the stated time and date is solely and strictly the responsibility of the bidder/proposer. The City is not responsible for delays caused by mail, courier service, including U.S. Mail, or any other occurrence. 2.21 EXCEPTIONS TO SPECIFICATIONS: Exceptions to the specifications shall be listed on the Bid Form and shall reference the section. Any exceptions to the General or Special Conditions shall be cause for the bid to be considered non-responsive. 2.22 COMPLETE INFORMATION REQUIRED ON BID FORM: All bids must be submitted on the attached Bid Form and all blanks filled in. To be considered a valid bid, the ORIGINAL AND ONE COpy of the Bid Form pages and all required submittal information must be returned, properly completed, in a sealed envelope as outlined in the first paragraph of General Conditions. 2.23 MAINTENANCE AGREEMENT: N/A 2.24 EQUAL PRODUCT: Manufacturer's name, brand name and model number are used in these specifications for the purpose of establishing minimum requirement oflevel of quality, standards of performance and design required and is in no way intended to prohibit the bidding of other manufacturer's items of equal material, unless otherwise indicated. Equal (substitution) may be bid, provided product so bid is found to be equal in quality, standards of performance, design, etc. to item specified, unless otherwise indicated. Where equal is proposed, bid must be accompanied by complete factory information sheets (specifications, brochures, etc.) and test results of unit bid as equal. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 21 2.25 DELIVERY: The golf carts/equipment/vehicles identified in this solicitation shall be in-stock ready for immediate delivery within thirty (30) calendar days, no factory ordered golf carts will be accepted unless this delivery schedule can be met. Vendors shall specify on the attached Bid Form, the guaranteed delivery time (in calendar days). It must be a firm delivery time; no ranges will be accepted, i.e.; 12-14 days. Ifthe Awardee of the Bid fails to deliver within the specified delivery time, it is understood that $25.00 per calendar day, per unit, will be deducted from the first months lease payment as liquidated damages for each day beyond the specified delivery time. Bidder shall state in space providedon proposal pages the time required for delivery after receipt of the purchase order. Contractor shall notify agency personnel designated on purchase order no less than 24 hours prior to delivery. Deliveries will be accepted only between 8:00 A.M. and 4:00 P.M. on agency's normal workdays. Transport deliveries must be unloaded and ready for inspection prior to 4:00 P.M. Deliveries not complying with these requirements may be rejected and will have to be re-delivered at contractor's expense. 2.26 ACKNOWLEDGMENT OF ORDER: Within five (5) working days of receipt of an order, the successful bidder shall submit to the City an acknowledgment of order form as per the attached sample. This form shall be sent to City of Miami Beach, Procurement Division., 1700 Convention Center Drive, 3rd floor, Miami Beach, Florida 33139. 2.27 ACCEPTANCE: Delivery to the City of Miami Beach does not constitute acceptance for the purpose of payment. Final acceptance and authorization of payment shall be given only after a thorough inspection indicates that the golf cartlequipment/vehicle( s) meets contract specifications and conditions. The unit( s) will be inspected and accepted by the Parks and Recreation Department, as indicated on the purchase order. Unit(s) must be in conformance with the specifications and that the engineering materials and workmanship exhibit a level of quality and appearance consistent with or exceeding industry standards. It will be the responsibility of the successful bidder to pick up any unit( s) found unacceptable. After notification, the successful bidder will have five (5) working days to respond and make the necessary arrangement to pick up unit(s), and to redeliver same in five (5) working days after date of pick up. Units not in compliance with bid specifications are not eligible for, or considered delivered until corrections have been accomplished and in compliance. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 22 At the time of delivery, the contractor will be required to produce the following documents: A. Warranty certifications (including Rustproofing Warranty when applicable) B. Owner Manual C. All Shop Repair Manuals and Parts Lists called for in specifications. D. GolfCartlEquipment/Vehicle data sheet All documents mentioned above are to be delivered or hand carried to above address or other named agency as may appear on the purchase order. The golf carts/equipment/vehicles shall be carefully inspected by the vendor to make sure that it is complete in detail and all components and accessories called for are in accord with these specifications. All equipment set out in the manufacturer's literature as standard equipment shall be furnished. Omission of detail from these specifications does not relieve the vendor from furnishing a complete unit. Where an "or equal" is called for in these specifications. the City of Miami Beach will be the sole iudge on the item being bid as an equal. Two copies of each of the brochures and factory specifications for golf carts and all equipment shall be included with the proposal. Vendor will be held responsible for any defect in material and workmanship, which are of such a nature that they could not be detected by inspection or road test. 2.28 LEASE AGREEMENT: Prospective bidders shall submit a copy ofthe Terms and Conditions of their proposed Lease Agreement for review by the City Attorney's Office no later than 10 calendar days prior to the bid opening date. BID NO: 32-04/05 DA TE: 07/21105 CITY OF MIAMI BEACH 23 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 3.0 MINIMUM SPECIFICATIONS: 1) MFG: 2005 E-Z-GO, MODEL# TXT, Electric, All Terrain. (OR EQUAL) It shall include the "Coastal Package". To improve vehicle corrosion resistance, steel painted parts (except Galvanized) shall be both Electrical Coated (E-Coated) and Powder Painted. Electo Coating is a special process that uses electrical current to apply paint to a part or component. The E-coat will be applied before the powder paint, OR COMPATffiLE WITH OTHER COATING TECHNOLOGIES. STANDARD EOUlPMENT: Motor: 36 Volt DC high efficiency shunt wound, brazed armature, solid copper windings. Drive Train: Direct motor shaft connected to transaxle pinion shaft. Electrical System: 36 Volt DC six 6 volt deep cycle storage batteries (107 minute, 220 amp- hours @ 20 hour discharge rate). Speed Control: Solid state continuously variable separately excited speed control. Electronic forward-neutral-reverse shifting. Anti-roll back, walkaway braking and alarm. Regenerative Pedal Down and/or Pedal Up braking. Diagnostic mode. 300 amp capacity. Non-contact inductive throttle sensor. Enhanced hill climbing ability. Full torque, reduced speed reverse. Charl!er: Powerwise™ portable fully automatic line compensating 21 amp DC output at 36 volts; Input 120 volts 9.5 amps, 60 cycle AC, Underwriters Laboratories (U.L.) Listed, C.S.A. Certified, anti drive away charger/vehicle interlock. Transaxle: High efficiency, helical gears, 12.44:1 ratio. Brakes: Dual rear wheel mechanical drum brakes, self-adjusting with non-asbestos linings. Automatic park brake release with self-compensating system. Front Suspension: Leaf springs with hydraulic shock absorbers. Rear Suspension: Leaf springs with hydraulic shock absorbers. Steerinl!: Self-compensating single reduction rack and pinion. Speed: 13 - 14 mph forward. Varies with Performance Option. BID NO: 32-04/05 DA TE: 07/21/05 CITY OF MIAMI BEACH 24 STANDARD EOUIPMENT PLUS: A. Top (Sun Canopy) B. Battery Charger C. ScutT Plates D. Sweater Basket E. 2 Sand Bottles F. Vinyl Roll Down Golf Club Rain Cover G. Message Holder H. Club Logo and Number Decals I. Heavy Duty Batteries (6) J. Hubcaps K. Accent Stripes L. Bunker Rake with Holder M. Windshield Fold Down (Top Required) N. Links Type Tire O. Key Switch: CUSTOM Electric (36 Volt System) Golf Carts. The Electric Carts shall include Solid State Electrical Circuit ONLY. APPROXIMATE DIMENSION SPECIFICATIONS Weight: Length: Width: Height: Wheelbase: Front Wheel Tread: Rear Wheel Tread: Clearance Circle Tires: Load Capacity: Seating: Color: BID NO: 32-04/05 DATE: 07/11/05 550 lbs without batteries. 92" 46" 46" at steering wheel 65" 33" 38" 18' 18.00 x 8.50 x 8 (4 ply rated) 800 Ibs including operator, passengers, accessories and cargo. Vacuum formed fabric backed vinyl covers over thick cushion foam. Standard seating for operator and one passenger. To be determined by the City prior to the issuaBce of the Purchase Order. CITY OF MIAMI BEACH 25 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 3.0 MINIMUM SPECIFICATIONS rCONT.) FEATURES: Bodv & Finish: Durashield ™ body of automotive quality injection molded TPE (thermoplastic customer). Molded-in color with automotive color coast/clear coat finish. Chassis: Welded high yield strength tubular steel with Durashield™ powder coast paint. Safety: Dash mounted key switch, reverse warning indicator, "deadman" accelerator control, Integral handgrip on hip restraints. Dash Panel: Tee, ball and 4 position drink holders of scuff resistant glass fiber reinforced thermoplastic olefin. Steering: Wheel: Hi-tech design with dual handgrips, pencil holder, integral scorecard holder. Performance Option: Selectable top speed and Pedal Up Braking characteristics. Diag:nostic Mode: Time saving troubleshooting capability. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 26 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 4.0 MINIMUM SPECIFICATIONS: 2) 2005 E-Z-GO 1200 REFRESHER, 4 WHEEL GASOLINE (OR EQUAL) STANDARD EOUlPMENT: (4 CYCLE) Em!ine: 11.0 H.P. rated, 350 cc twin cylinder, air-cooled. Valve Train: Overhead valve, overhead earn. Lubrication: Pressurized oil system, washable permanent filter. Balancer: Internal counter rotating balance shaft. IS!Dition: Solid state with crank trigger, electronic timing advance, and RPM limiter. Carburetor: Fixed jet float bowl with remote pulse fuel pump. Air Cleaner: Replaceable dry cartridge with remote air intakes. Electrical Svstem: External starter/generator, 12-volt maintenance free battery, 360 CCA 51 minute reserve. Drive Train: Automatic, continuously variable transmission (CVT) forward and reverse. Transaxle: High efficiency differential with helical gears 13.32: 1 ratio, ground speed governor. Brakes: Dual rear wheel mechanical drum brakes, self-adjusting with non-asbestos linings. Automatic park brake release with self-compensating system. Front Suspension: Leaf springs with hydraulic shock absorbers. Rear Suspension: Leaf springs with hydraulic shock absorbers with sway bar. Steerine:: Self-compensating single reduction rack and pinion. Fuel Svstem: 6.0-gallon tank with mechanical fuel gauge gas cap. Speed: Automatically governed to 10 - 11 MPH on level ground. BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 27 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 4.0 MINIMUM SPECIFICATIONS (CONT.) APPROXIMATE DIMENSION SPECIFICATIONS Weight: 10541bs. dry (fuel capacity 311bs.) Length: 114.0 inches Width: 48 inches at server (63 inches at top) Height: 45.5 inches (at steering wheel) Floor Height: 10 inches Ground Clearance: 4.3 inches (at differential) Seat Height: 28 inches Wheel Base: 77 inches Front Wheel Tread: 33.5 inches Rear Wheel Tread: 38 inches Turning Clearance Diameter: 21 feet Tires: 18 x 8.50 x 8 (4 ply rated) Front; 18 x 9.50 x 8 (6 ply rated) - Rear Load Capacity: 1,200 lbs. (Including operator, passenger, and loaded server unit). See specifications under FEATURES for the server capacity. Seating: Vacuum formed fabric backed vinyl covers over thick cushion foam. Standard seating for operator and one passenger. Intersecting Aisle Clearance: 63 inches Turning Radius: 10.3 foot BID NO: 32-04/05 DATE: 07/21/05 CITY OF MIAMI BEACH 28 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 4.0 MINIMUM SPECIFICATIONS (CONT.) FEATURES: Server Unit: Allows service access to drive package. Chassis: Welded high yield strength tubular steel. Body: Front: Durashield of automotive quality injection molded TPE (thermoplastic customer) Rear: Steel, replaceable lightweight panels. Finish: Durashield powder primer and topcoat. Body Protection: Flexible rear fenders and flexible front cowl. Wrap around front bumper. Safety: Removable key switch, reverse warning indicator "deadman" accelerator control, vinyl handgrip and hip restraints, manual F & R switch, and electric horn, rear view mirrors. Center Console: Instrument panel with four drink holders. Steering Wheel: Molded high impact plastic with dual handgrips, pencil holder, and a convenient clipboard. Windshield: Polycarbonate Server Unit: Base Part Number 76140 Painted 5000 Series Aluminum construction. Canvas Top with Aluminum Frame. CAPACITY of Server Units: Display Area: Beverage Service: Canned Beverages (12 oz.): Cups: Clean Ice: Maximum Weight Server Contents: 6.6 SQ FEET 3 each. 3.75 liter capacity Air pots 12.5 cases 90 - 120 depending on size 60 Ibs 500lbs BID NO: 32-04/05 DATE: 071.21/05 CITY OF MIAMI BEACH 29 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 4.0 MINIMUM SPECIFICATIONS (CONT.) SERVER UNIT ACCESSORIES: Sign Boards Condiment Tray Bottle Caddy Mini Bottle Carrier Humidor Credit Card Machine Mount Cash Drawer VEHICLE OPTIONS: Hub Caps: 8" Chrome 6" Moon Type Spoke - Silver & Black Spoke - Gold & Black Hour Meter Low Fuel Indicator Light Low Oil Pressure Indicator Light Non-Standard Paint Ash Tray Spark Arrester Mumer Kit Individually Keyed Optional Seat Colors Tires: Turf Saver USA Trail Headlights, Taillights, and Brake Lights Turn Signals with 4 Way Flasher Heavy Duty Battery BID NO: 31-04/05 DATE: 07/11/05 CITY OF MIAMI BEACH 30 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 5.0 MINIMUM SPECIFICATIONS: 3) ELECTRIC E-Z GO FLATBED CARTS (OR EQUAL) STANDARD EQUIPMENT 6.0 MINIMUM SPECIFICA nONS: 4) ELECTRIC E-Z GO RANGER CART, MODEL 2005, FREEDOM, WITH LIGHT KIT AND SAFETY WINDSHIELD WINDOW (OR EQUAL) STANDARD EQUIPMENT 7.0 MINIMUM SPECIFICATIONS: 5) GASOLINE E-Z GO RANGE CART "CAGED" FLATBED (OR EQUAL) STANDARD EQUIPMENT BID NO: 31-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 31 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 Maintenance: Vendor shall include a FulVComplete Manufacturers Guarantee on ALL parts, labor and materials necessary to maintain the fleet in complete operation. These costs shall be included in the Vendor's bid/lease price. Vendor shall be responsible for any/all pickup, delivery, and transportation charges should a golf cart(s) require replacement and/or maintenance that must be provided at a location other than the City's designated facility. Any cart(s) which must be removed from the City's designated facility/premises for service, in excess of twenty-four (24) hours, shall be replaced with another similar golf cart within forty eight (48) hours. Batteries shall be replaced in carts after they cease to perform thirty (36) holes per charge under normal circumstances, at no additional cost to the City. PreventiveIRoutine Maintenance such as cleaning, greasing and lubrication, and battery/charger maintenance, shall be performed by the City. Soecial Terms: 1. Warranty for the entire cart for term oflease shall include all parts and labor. 2. No Battery expense to be incurred by the City, for term oflease. 3. Warranty the body of cart for life ofthe carts. 4. Warranty the chassis against corrosion for life of carts. Pavments: All payments shall be made in arrears. Soecial Request: Additional carts may be requested for special events which require more cars than the established fleet. Literature: Descriptive literature on all three types of equipment to be included with bid documents. Deliverv: Total cost for three (3) year contract to include all pick up and delivery expenses. BID NO: 31-04105 DATE: 07111/05 CITY OF MIAMI BEACH 31 ACKNOWLEDGMENT OF ORDER AGENCY NAME AND ADDRESS: City of Miami Beach Procurement Division 1700 Convention Center Drive Miami Beach, FL 33139 Facsimile (305) 673-7851 In accordance with City of Miami Beach Bid Number 32-04/05, this order was received on 2005. The order was placed with the manufacturer on and assigned production Number We anticipate delivery to the City of Miami Beach on 2005. SIGNED: FOR DEALER: BID NO: 31-04/05 DATE: 07111105 CITY OF MIAMI BEACH 33 [~] a m.:mIfmCol1lpallY 2005 WARRANTY FOR TURF, COMMERCIAL AND INDUSTRIAL VEHICLES AND BATTERY CHARGERS (ONLY IN U.S. AND CANADA) Special Consideration as pertaining to City of Miami Beach Bid# 32-04105 E-Z-GO DIVISION OF TEXTRON INC. ("E-Z-GO.) warrants to the Original Retail Purchaser or the Original Retail Lessee that any 2005 E-Z-GO Turf, Commercial, or Industrial vehicle and/or battery charger shall be free from any defects in material or workmanship for thra veara from the date of installation at the customers location with respect to parts and labor. EXCLUSIONS: Specifically excluded from any E-Z-GO warranty are adjustments/repairs made due to normal wear beyond the first 180 days, routine maintenance items, cosmetic deterioration, and electrical components which are susceptible to fluctuations in current beyond the control of E-Z- GO. This warranty also does not apply to Acts of God or other events over which E-Z-GO has no control. Transportation charges for warranty service are excluded from this warranty and all replaced parts shall become the property of E-Z-GO. Any parts repaired/replaced under this warranty shall be warranted for a period of 90 days or for the remainder of the original warranty whichever is greater. This warranty excludes batteries and tires, which are warranted by their respective manufacturer. REMEDY: The sole remedy under this warranty and E-Z-GO's only obligation in the event of a defect in the vehiclelbattery charger, is that E-Z-GO will, at its sole option, repair or replace any defective parts. This remedy precludes all other remedies including any lawsuits, claims or other proceedings alleging strict liability, negligence of contract or any cause of action. E-Z-GO reserves the right to improve or change the design of any E-Z-GO vehicle or battery charger without assuming any responsibility to modify previously manufactured vehicles. DISCLAIMER: THIS WARRANTY IS MADE IN LIEU OF ALL OTHER WARRANTIES, IMPLIED OR EXPRESSED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. E-Z-GO WILL FURTHER DISCLAIM ANY LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, TO INCLUDE BUT NOT BE LIMITED TO, PERSONAL INJURY OR PROPERTY DAMAGE ARISING FROM ANY DEFECT IN THE VEHICLE/BATTERY CHARGER. No agent, employee or representative of E-Z-GO, or any person has any authority to bind E-Z-GO to any other agreement, representation, or warranty conceming the goods sold under this warranty. Some states do not allow limitations on how long an implied warranty lasts or the exclusion or limitation of incidental or consequential damages, so the above limitations may not apply to you. This warranty gives you specific legal rights, and you may also have other rights, which vary, from state to state. WARNING: ANY MODIFICATION OR CHANGE TO THE VEHICLE OR BATTERY CHARGER WHICH ALTERS THE WEIGHT DISTRIBUTION OF THE VEHICLE, ITS STABILITY, INCREASES THE SPEED, OR ALTERS THE OUTPUT OF THE BATTERY CHARGER BEYOND THE FACTORY SPECIFICATION, CAN CAUSE PERSONAL INJURY. DO NOT MAKE ANY SUCH MODIFICATION OR CHANGE. E-Z-GO PROHIBITS, AND DISCLAIMS RESPONSIBILITY FOR, ANY SUCH MODIFICATIONS OR ANY OTHER ALTERATION WHICH WOULD ADVERSELY AFFECT THE SAFETY OF THE VEHICLE. VOIDING OF WARRANTY: THIS, AND ANY OTHER WARRANTY SHALL BE VOID IF THE VEHICLE OR BATTERY CHARGER IS ABUSED OR OTHERWISE NOT USED IN ITS INTENDED MANNER; IS IN AN ACCIDENT OR COUISION; SHOWS INDICATIONS THAT THE SPEED GOVERNOR WAS ADJUSTED OR MODIFIED ALLOWING THE VEHICLE TO OPERATE BEYOND E-Z-GO'S SPECIFICATIONS; SHOWS INDICATIONS THAT IT HAS BEEN ALTERED OR MODIFIED IN ANY WAY FROM E-Z-GO SPECIFICATIONS, INCLUDING BUT NOT LIMITED TO ALTERATIONS TO THE SPEED BRAKING SYSTEM, STEERING OR OTHER OPERATING SYSTEMS OF THE VEHICLE OR; SHOWS INDICATIONS THAT ROUTINE MAINTENANCE WAS NOT PERFORMED WHEN, AND IN THE MANNER SPECIFIED IN THE E-Z-GO MAINTENANCE MANUAL. THIS WARRANTY SHALL BE VOID WITH RESPECT TO ANY DEFECT OR DAMAGE CAUSED BY, OR AS A RESULT OF, OR RELATED TO PARTS OR ACCESSORIES WHICH ARE NOT MANUFACTURED OR AUTHORIZED BY E-Z-GO, OR WERE NOT INSTALLED PER E-Z-GO'S INSTRUCTIONS, OR, FOR GASOLINE VEHICLES, THE USE OF NON-RECOMMENDED FUELS AND LUBRICANTS. FOR FURTHER INFORMATION, CALL 1-800-241-5855 OR WRITE TO E-Z-GO DIVISION OF TEXTRON INC. ATfENTION: WARRANTY DEPARTMENT, P.O. BOX 388, AUGUSTA, GEORGIA 30903-0388. 2004 TURF, CM & INDUST. PART NUMBER 35696-G03 8-1-03 [~] (l m:.ui'B3Con.paIIg 2005 WARRANTY FOR GOLF CARS AND BATTERY CHARGERS (ONLY IN THE U.S. AND CANADA) E-Z-GO DIVISION OF TEXTRON INC. ("E-Z-GO") warrants to the Original Retail Purchaser or the Original Retail Lessee that any 2004 E-Z-GO Golf Car and/or Battery Charger (Fleet or Individual owned) shall be free from any defects in material or workmanship for three (3) years from the date of installation at the customers location with respect to parts and labor. This warranty applies only to the Original PurchaS8rlLessee and not to any subsequent purchaserllessee. EXCLUSIONS: Specifically excluded from any E-Z-GO warranty are adjustments/repairs made due to normal wear beyond the first 180 days, routine maintenance items, cosmetic deterioration, and electrical components which are susceptible to fluctuations in current beyond the control of E-Z- GO. This warranty also does not apply to Acts of God or other events over which E-Z-GO has no control. Transportation charges for warranty service are excluded from this warranty and all replaced parts shall become the property of E-Z-GO. Any parts repaired/replaced under this warranty shall be warranted for a period of 90 days or for the remainder of the original warranty whichever is greater. This Warranty also excludes batteries and tires, which are warranted by their respective manufacturers. REMEDY: The sole remedy under this warranty and E-Z-GO's only obligation in the event of a defect in the vehiclelbattery charger, is that E-Z-GO will, at its sole option, repair or replace any defective parts. This remedy precludes all other remedies including any lawsuits, claims or other proceedings alleging strict liability, negligence of contract or any cause of action. E-Z-GO reserves the right to improve or change the design of any E-Z-GO vehicle or battery charger without assuming any responsibility to modify previously manufactured vehicles or battery chargers. DISCLAIMER: THIS WARRANTY IS MADE IN LIEU OF ALL OTHER WARRANTIES, IMPLIED OR EXPRESSED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. E-Z-GO WILL FURTHER DISClAIM ANY LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, TO INCLUDE BUT NOT BE LIMITED TO, PERSONAL INJURY OR PROPERTY DAMAGE ARISING FROM ANY DEFECT IN THE VEHICLE/BATTERY CHARGER. No agent, employee or representative of E-Z-GO, or any person has any authority to bind E-Z-GO to any other agreement, representation, or warranty concemlng the goodS sold under this warranty. Some states do not allow limitations on how long an Implied warranty lasts or the exclusion or limitation of incidental or consequential damages, so the above limitations may not apply to you. This warranty gives you specific legal rights, and you may also have other rights, which vary, from state to state. . WARNING: ANY MODIFICATION OR CHANGE TO THE VEHICLE OR BATTERY CHARGER WHICH ALTERS THE WEIGHT DISTRIBUTION OF THE VEHICLE, ITS STABILITY, INCREASES THE SPEED, OR ALTERS THE OUTPUT OF THE BATTERY CHARGER BEYOND THE FACTORY SPECIFICATION, CAN CAUSE PERSONAL INJURY. 00 NOT MAKE ANY SUCH MODIFICATION OR CHANGE. E-Z-GO PROHIBITS, AND DISClAIMS RESPONSIBILITY FOR, ANY SUCH MODIFICATIONS OR ANY OTHER ALTERATION WHICH WOULD ADVERSELY AFFECT THE SAFETY OF VEHICLE OR BATTERY CHARGER. VOIDING OF WARRANTY: THIS, AND ANY OTHER WARRANTY SHALL BE VOID IF THE VEHICLE OR BATTERY CHARGER IS ABUSED OR OTHERWISE NOT USED IN ITS INTENDED MANNER; IS IN AN ACCIDENT OR COLLISION; SHOWS INDICATIONS THAT THE SPEED GOVERNOR WAS ADJUSTED OR MODIFIED ALLOWING THE VEHICLE TO OPERATE BEYOND E-Z-GO'S SPECIFICATIONS; SHOWS INDICATIONS THAT IT HAS BEEN ALTERED OR MODIFIED IN ANY WAY FROM E-Z-GO SPECIFICATIONS, INCLUDING BUT NOT LIMITED TO ALTERATIONS TO THE SPEED BRAKING SYSTEM, STEERING OR OTHER OPERATING SYSTEMS OF THE VEHICLE OR; SHOWS INDICATIONS THAT ROUTINE MAINTENANCE WAS NOT PERFORMED WHEN, AND IN THE MANNER SPECIFIED IN THE E-Z-GO MAINTENANCE MANUAL. THIS WARRANTY SHALL BE VOID WITH RESPECT TO ANY DEFECT OR DAMAGE CAUSED BY, OR AS A RESULT OF, OR RElATED TO PARTS OR ACCESSORIES WHICH ARE NOT MANUFACTURED OR AUTHORIZED BY E-Z-GO, OR WERE NOT INSTALLED PER E-Z-GO'S INSTRUCTIONS, OR, FOR GASOLINE VEHICLES, THE USE OF NON-RECOMMENDED FUELS AND LUBRICANTS. FOR FURTHER INFORMATION, CALL 1-800-241-5855 OR WRITE TO E-Z-GO DIVISION OF TEXTRON INC. AlTENTION: WARRANTY DEPARTMENT, P.O. BOX 388, AUGUSTA, GEORGIA 30903-0388. 8-1-03 2004 GOLF W ARR PART NUMBER 35698-003 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 Proposal Page 1 of 4 We propose to supply, deliver and maintain to the City of Miami Beach, a Lease of Golf Carts/Equipment/V ehicle Program in accordance with these Bid Specifications, as follows: #1 (2005 Electric Golf Carts) Qty Monthly Months Total Price Price Mfg. E-Z-GO 58.00/car 75 36 5 326,250.00 Model # TXT-PDS 5 $4350.00 #2 (2005 Gasoline Beverage Carts) Qty Monthly Months Total Price Price Mfg. E-Z-GO 2 5250.00/ 36 518,000.00 Model # MPT 1200 REFRESHER car $500.00 BID NO: 31-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 34 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 Proposal Page 2 of 4 #3 (2005 Electric Flat Bed Carts) Qty Monthly Months Total Price Price Mfg. E-Z-GO 2 5100/car 36 57,200.00 Model # MPT 800E $200.00 (STANDARD EQUIPMENT) #4 (2005 Electric Ranger Cart with Qty Monthly Months Total Price Light Kit and Safety Price Windshield Window) Mfg. E-Z-GO 558/ car TXT-PDS F-SE 1 36 52,088.00 Model # $58.00 (STANDARD EQUIPMENT) BID NO: 31-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 35 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 Proposal Page 3 of 4 #5 (2005 Gasoline Range Cart Qty Monthly Months Total Price "Caged" Flatbed) Price E-Z-GO Mfg. 1 $120.00 36 $ 4.320.00 Model # MPT l?OOr. (STANDARD EQUIPMENT) Delivery (in calendar days from receipt of order): ~ calendar days (SEE SECTION 2.28 - DELIVERY (NTE 30CALENiiAR DAYS) BID NO: 31-04/05 DATE: 07121/05 CITY OF MIAMI BEACH 36 FOR THE LEASE OF GOLF CARTS ' BID # 32-04/05 Proposal Page 4 of 4 PAYMENT TERMS: NET 30. If other, specify here ANY LETTERS, ATTACHMENTS, OR ADDITIONAL INFORMATION TO BE CONSIDERED PART OF THE BID MUST BE SUBMITTED IN DUPLICATE. SUBMITTED BY: PAUL MEYER SIGNED: E-Z-GO TEXTRON ~~ - (I certify that I am authorized to execute this proposal and commit the bidding firm) COMPANY NAME: Bidders!!!!!!! acknowledge receipt of addendum (if applicable). ADDENDUM No.1: 8/10/05 Insert Date ADDENDUM No.2: Insert Date NAMErrITLE (print): PAUL MEYER/BRANCH MANAGER ADDRESS: 881 W. WARREN AVENUE SUITE 1051 ZIP: 32750 LONGWOOD, FL CITY/STATE: 407-834-4400 TELEPHONE NO: FACSIMILE NO: 407-834-5397 BID NO: 31-04105 DATE: 07/11/05 CITY OF MIAMI BEACH 37 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 To ensure that your bid is submitted in conformance with the Contract Documents, please verify that the following items have been completed and submitted as required. X Original and one copy of bid (including all submittal information) General Conditions Section 1.1 X Execution of Bid General Conditions Section 1.2 X Equivalents/Equal Product Special Condition Section 2.24 X Insurance and Indemnification (including Insurance Checklist) General Condition Section 1.59 Bid Guaranty/Payment & Performance Bonds General Condition Section 1.27 X Warranty Special Conditions Section 2.15 X Product/Catalog Information Special Conditions Section 2.16 X References Special Conditions Section 2.17 / Pages 42 & 43 Bidder Qualifications Special Conditions Section 2.19 X Exceptions to Specifications Special Conditions Section 2.21 X Contractor's Questionnaire (Pages 39 - 41) BID NO: 31-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 38 CONTRACTOR'S QUESTIONNAIRE NOTE: Information supplied in response to this questionnaire is subject to verification. Inaccurate or incomplete answers may be grounds for disqualification from award of this bid. Submitted to The Mayor and City Commission of the City of Miami Beach, Florida: By E-Z-GO TEXTRON Principal Office 881 W. WARREN AVENUE, LONGWOOD, FL 32750 How many years has your organization been in business as a General Contractor/Authorized Dealer under your present business name? 52 YEARS Does your organization have current occupational licenses entitling it to do the work contemplated in this Contract? YES State of Florida occupational license - state type and number: LONGWOOD 05-04522 Dade County certificate of competency - state type and number: City of Miami Beach occupational license - state type and number: Include copies of above licenses and certificates with proposal. How many years experience in similar work has your organization had? (A) As a General Contractor/Aythorized Dealer 52 YEARS (B) As a Sub-Contractor . N A (C) What contracts has your organization completed? Contract Amt Class of Work When Completed Name/Address of Owner CURRENT LESSOR Have you ever had a contract terminated (as prime contractor or sub-contractor, under existing company name or another company name) due to failure to comply with contractual specifications? NO If so, where and why? Has any officer or partner of your organization ever failed to complete a construction contract handled in his own name? NO BID NO: 32-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 39 , If so, state name of individual, name of owner, and reason thereof N/A In what other lines of business are you fmancially interested or engaged? Give references as to experience, ability, and fmancial standing SEE TEXTRON CATALOG What equipment do you own that is available for the proposed work and where located? NEW PRODUCT TO BE MANUFACTURED. What Bank or Banks have you arranged to do business with during the course of the Contract should it be awarded to you? TEXTRON FINANCIAL CORP. Please list the names and addresses of the subcontractors to be used for the portions of the work listed below. ADVANTAGE GOLF CARS 13161 NW 43RD AVENUE OPA LOCKA, FL 33054 BID NO: 31-04105 DATE: 07111/05 CITY OF MIAMI BEACH 40 Vendor Campaign Contribution(s): a. You must provide the names of all individuals or entities (including your sub-consultants) with a controlling financial interest. The term "controlling financial interest" shall mean the ownership, directly or indirectly, of 10% or more of the outstanding capital stock in any corporation or a direct or indirect interest of 10% or more in a fIrm. The term "fIrm" shall mean any corporation, partnership, business trust or any legal entity other than a natural person. SEE TEXTRON CATALOG b. Individuals or entities (including our sub-consultants) with a controlling fmancial interest: have X have not contributed to the campaign either directly or indirectly, of a candidate who has been elected to the office of Mayor or City Commissioner for the City of Miami Beach. Please provide the name(s) and date(s) of said contributions and to whom said contribution was made. I HEREBY CERTIFY that the above answers are true and correct. ~~ , (SEAL) (SEAL) ....,~..~ BECKY L. WALDEN ".!i' ~ NOTARY PUBLIC. STATE OF FLORIDA : : COMMISSION # 00405085 'or ~~.: EXPIRES 3/912009 ..' BONDEDTHRU 1.aa-NOTARY1 BID NO: 32-04/05 DATE: 07121/05 CITY OF MIAMI BEACH 41 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 CUSTOMER REFERENCE LISTING Bidder's shall furnish the names, addresses, and telephone numbers of a minimum of eight (8) firms for which the Contractor is currently leasing or has leased, golf carts/equipment/vehicles. 1) Company Name FAIRMONT TURNBEaRY ISLE RESORT Address 19999 W. COUNTRY CLUB DR, AVENTURA, FL Contact Person/Contract Amount THOMAS CARR/ $400,000 305-932-6200 Telephone Number 2) Company Name THE CLUB @ EMERALD HILLS Address 4100 N. HILLS DR. HOLLYWOOD, FL ANDY MICHALAKt $250,000 Contact Person/Contract Amount 954-961-4000 Telephone Number 3) Company Name FISHER ISLAND CLUB 1 FISHER ISLAND DR, FISHER ISLAND, FL Address JEFF BENSON/$1.5M Contact Person/Contract Amount Telephone Number 305-535-6000 MIZNER TRAIL GOLF CLUB 4) Company Name 22689 CAMINO DELMAR, BOCA RATON, FL Address Contact Person/Contract Amount TOM LARAIA/$175.000 Telephone Number 561-392-7992 BID NO: 32-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 41 FOR THE LEASE OF GOLF CARTS BID # 32-04/05 CUSTOMER REFERENCE LISTING 5) Company Name BONAVENTURE GOLF RESORT Address 200 BONAVENTURE BLVD, WESTON, FL. Contact Person/Contract Amount KEITH CLOUGHERTY / $ . 5M 954-389-2100 Telephone Number 6) Company Name ROYAL PALM YACHT & C.C. Address 199.ROYAL PALM WAY, BOCA RATON, FL. Contact Person/Contract Amount TODD HEIFNER/ $150,000 561-395-2100 Telephone Number 7) Company Name BOCA DUNES COUNTRY CLUB 1400 COUNTRY CLUB DRIVE Address Contact Person/Contract Amount CHRIS SOVA/$?'O.ooO Telephone Number 561-451-1600 8) Company Name WOODMONT r..r. Address 7801 NW 80TH AVE. TAMARAr., FT.. Contact Person/Contract Amount BRIAN CAMPBELL/$400,000 954-722-4300 Telephone Number BID NO: 32-04/05 DATE: 07111/05 CITY OF MIAMI BEACH 43 . . ~!'9ii WIt ~ FLORIDA DEPARTMENT OF STATE Glenda E. Hood Secretary of State June 22, 2005 E-Z-GO NORTH FLORIDA 881 W WARREN AVE SUITE 1051 LONGWOOD, FL 32750 Subject: E-Z-GO NORTH FLORIDA Renewal Number: G05999037108 This will acknowledge the Fictitious Name Registration Renewal for E-Z-GO NORTH FLORIDA, filed on June 22, 2005. This renewal continues the original registration number - G00277900072 until December 31, 2010. If the mailing address of this business changes, please notify this office in writing and reference the original registration number. Should you have any questions regarding this matter you may contact our office at 850-245-6058. Division of Corporations lID Division of Corporations - P.O. BOX 1300 - Tallahassee, Florida 32302