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Home My WebLink AboutFARO Technologies, Inc. - Lease Agreement1 f First Capital Equipment Leasing Corp. '-* FLE2SEEXPEPtSCOmTM it 66#1.641 MU* Nix 600.4834$40 • Imtil Vi3eateastatts*Upons,coni Shawn Boyle, Captain City of Yakima, Washington (Polke Department) Main PH: 509-575-6200 • Contact PH: 509-575-6200 • Email: Shawn.Boyle@yakimawa.gov CONFIDENTIAL Municipal Government Equipment Financing Quotation & General Terms City of Yakima, Washington Cots4.441411,Ym, Equipment to Be Financed: Faro Technologies (1) Crime & Crash Scene 3-D Laser Reconstruction System Exact descriptions required Anticipated Vendor D Iver'/Paymer it T,BD, Net Amount to Finance: $57,091.71 Program: MUNIL OPTIONS 4 Years Payment Amount: $ 1,313.63 / Month Fixed interest: Jul 01 2020 (After July 01, 2020 rates float until signed lease documents are received) Down Payment + Security Deposit: Waived (Due at Lease Signing) Documentation & Legal: $657 (Due ot Lease Signing) First Lease Payment Due LAug 01, 2020 (100% of lease funds are available ovo!Ioblefor disbursements within 3 business days of signing)* Our EXPERIENCE COUNTS! Call me at 800-541-0114 x -22I Regards, Bob Amowitt Vice President of Government Finance $1114...r1$,CQM CC: Chris Short, Faro Technologies Inc. CITY CONTRACT NO:.l RESOLUVON NO: #1' 0-100 Quotation Terms & Important Notes have LIRCLED the preferred Term & Pownent Arnow( abov and reviewed the b kw, We're ready to g Approved 8 lei re Title: a t IMPORTANT NOTES ABOUT THIS QUOTATION: This is a confidentiaL tax-exempt municipal government equipment lease -to -own financing quotation for the City of Yakima, Washington ("Lessee"). This quotation is not the contract or a commitment to finance by First Capital Equipment Leasing Corp. ("FCELC") and supersedes any previous quotations or offers. All vehicles and equipment are sourced bv the Lessee from vendors of its choosing, state contract holders or other providers, and are assumed to be new. Final lease payment amounts and terms for this offer are subject to o credit -based review, vendor and equipment approval, federal, state, and local laws, and ore subject to change, correction or withdrawal by FCELC State, county, municipal entities, suede, districts & authorities must qualify as issuers of tax-exempt debt under la Section 103 of 1985„as amended to be eligible far this program. NON -APPROPRIATION OF FUNDS LANGUAGE IS INCLUDED where required by lam The lease purchase contract cm*** AU terms & conditions os approved for INA transaction and supersedes this quotation. Vehicles and equipment are sold to the Lessee directly by it's selected vendors, subject only to our security interest during the lease term. ALL VEHICLES ARE REGISTERED BY AND TITLED IN LESSEE'S NAME and remain In Lessee's name and possession at the end of the lease; gguiornent is returned. There are NO MILEAGE, USAGE, MAINTENANCE or CONDITION requirements or restrictions (other than reasonable care), no points or fees due at lease closing (except the $657 above) and no buyouts residuals, "balloon poyments," charges or fees at the end of the lease. All contracts include an EARLY PAYOFF SCHEDULE. This quototion assumes that Lessee's mut tax.exempi borrowing for the lease origination year will be under the IRS $10 million "BQ" limit. (Other options available) The INTEREST RATE shown is the fixed nominal annual rote, TIME LS OF THE ESSENCE: FCELC must receive your fully executed contract prior to the July 01, 2020 closing date, after which interest rates and payments may float with the market until the actual closing date. FCELC may adjust the payment amount or interest rates based on changes in the transaction amount, timing, lease structure, equipment to be financed, FCELC's cost of funds after July 01, 2020, material omissions or Inaccuracies In the information provided to FCEL C, adverse changes In Lessee's financial status or credit rating before funding. (Adjustments l/required, will favor retaining the quoted payment amount) Lease payments Po not Include required linsuronce, title fees, sales, use or other taxes, tags, maintenance, consumobles, vendor usage, or "click" charges, delivery, or installation unless specifically Included above. Vendor deposits, advances, or progress payments are not Included unless previously approved In writing. • VENDORSARE PAID DIRECTLY BY OURBANK (QN4E,SgeSBEHALF)VIA WIRE TRANSFER THREE (3)BUSINESS DAYSAFTER DELIVERY,LESSEE'S UNQUALIFIED ACCEPTANCE of the equipment gal FCELC's receipt of Lessee's: 1) Executed contract 2) Payment Authorization, 3) Proper Vendor Invokes, 4) Evidence of insurance, 5) Documentation as specified in the Vendor Prompt Payment Notes. THE INFORMATION IN THIS QUOTATION 15 NOT INTENDED TO BE AND SHOULD NOT BE CONSTRUED AS "ADVICEFCELC DOES NOTACT ASA MUNICIPAL ADVISOR, MUNICIPAL FINANCIAL CONSULTANT; FIDUCIARY OR AGENT for any person or entity under Section 158 of the Securities Exchange Act of 1934, the munkipal advisor rules of the SEC, or otherwise, FCELC octs for its account only. FCELC is not recommending that Lessee take any action with respect to this quotation. Lessee should carefully review this quotation and all FCELC documentation with such independent financial, tax, and legal advisors as it deems appropriate. 10 1985-2020 Copyright First Capital Equipment Leasing Corp All rights reserved, Rev 033020 r:APPONE-PAGE PN neighs required! LICATION EFE F First Capital Equipment Leasing Corp. ftft LEasEExpErtscomTM One Page "Easy Apr • No Financial Statements Required • For Leases tinder $100,000 MUNICIPAL CREDIT APPLICATION 35! Fed. Tax ID #: • c# Fiscal Year Starts (Month/00Y): Cit Contact Na Authortzed Lease Signer: "hat Date unIcipal enthy was established: Total Cost of Equipment: Title: £1ryhtflogyhone: ($oy Does he Obligor self -insure forproerty & liability insurance? 0 Yes 1 Lease Term y *Less Down Paynent (If pi b Source of Down Payment ab Fund Name: ass Trade In (1 f Ap kale): Other Pt AN:Womble): $ Payment Amount: $ l313 Delivery Date: Net Amount to Finance: $ 5-1 First Contract Payment Due Date: Ik Payments to be rnade;1 MonthtyQua erly OSemIAnnuaIIy 0 nu ty down payment should be made before or at delivery. Proof of down payment is required prior to releasing any vendor proceeds Has the Obligor paid the vendor for any portion of the equipment being financed? 0 Yes [KIND (if Yes, pla, explain) What fund will the remaining Obligation payments be made from? El General 0 Special (!pecifx name): Equipment Description: I= St) taste 1ftlon',VonAttior\ st-e_vil New Equipment: g Yes 0 No If "No.please list age or date manufactured: Replacement: SlYes 0 No Age of current equipment: ip(1 Describe the essential use of the equipment Year purchased: If not a reptsoem.nt, why is the equipment needed? Physical location (address) of the equipment after delivery: 20o ii \ tONIskYY V;11 )31iN (-%(10.1 Has the Obligor ever defaulted or non -appropriated on e lease, bond, or legal obligation? 0 Yes No Will the Obligor issue more then $10,000,000 (ten million) In tax-exempt debt in this calendar year? [..] Yes No Please ATTACH 0 1) Signed Copy of the Munidpal Lease -To -Own Quote and 0 2) Your vendor's quotations for the new equipment. Required Financial information - Please provide figures FOR EACH FIELD BELOW -- that's itl Combined Fund Balance at Start of Year: Total Revenue Received IN (for the yead: Total Expenditures OUT (for the year): Net Income = (Revenue kw Expenses for the year): CURRENT Fiscal Yeer-To-Dett LAST Fiscal Year mow Totals) o‘I 103 $ 1:41:7f.11 $ 44 lir/ zrz $ /13 $ 6f, Off 407 t,4‘tri6iir- $ 1-7 57 r NET FUND BALANCE = (Combined Balance at Start aus Net income): 11 .ti 1, diteG IMPORTANT NOTES: The Information provided herein is correct to the best of my knowledge. The appropriate final -decision maker(s) have reviewed end approved the First Capital Equipment Leasing Corporation (FCELC") Lease -To -Own Financing Quotation pricing end general ten-rts, and Obligor or/erste/les that upon credit approval contract documents KIP be drafted. Obligee (andfor its assigns) is authorized to verify any information provided with appropriate third parties es necessary to complete its credit review Obligee may also request additional Inkrmelion to complete its review. Obligee will retain the application documents whether or not credit Is approved Should Obligor cancel this transactionde'.c credit has been epproved and legal documents drafted, or should this application contain material inaccuracies or omissions that preclude a credit approval, or should Obligor Mil to execute the contract documents within 45 days for any reason, Obligor agrees Iopaya 'lost transection' fee email tg the amount of the 'Documentation & Legal Fees' specified in FCELC's Quotation, There is no lost transaction fee if The contract documents ere fully executed and returned within 45 days of receipt FCELC acts for its own Interest only. FCELC does not act es a municinni adylsor, municipal financial consultant, (tducfory or agent fo arty person or entity pursuant to Section 155 of the Securities Exchange Act 011934 end the municipal advisor rules of the SEC. FCELC is not recommending that you take an action with respect to the information contalned in this document You should review and discuss this all FCELC document with suph independent finenctel, lax, legal and other advisors as you deem appropriate 19-14y. rna6c" r (AO ELSIgnatu re (Obligor Representative): me & TItli:51461111 rr-vi Date:le Dr) 02020 First Capital Eauipmonl Lensing Corp. All rights reserved REV 012020 FIRST CAPITAL EQUIPMENT LEASING CORP., PO BOX 1018, E. SANDWICH, MA 02531* PH 800-541-0114 • FAX TO: 800-403-3529 rrrrr F irst Ca pital Equpmant Leasing! Corp. rrrrr Ficr-FrcLEaseExpErts cam rrr-r- Lease- o-Own Financing Designed for Governments Municipal Leasing Overview: What You Need to Know 35! (*WON Vrai Apir4 4, 2610 What is Municipal Leasing? Municipal leasing is a specialized type of VE1 LOVV-INTEREST lease -to -own financing available under IRS rules that can be used (only) by qualifying state, county, and local governments, special districts & authorities to acquire essential -use assets including equipment, vehicles, aircraft, hardware, software and real property. With a municipal lease, ownership (title) passes /12 Mg aovernment entity upon delivery and there are ao mileage or usage restriction% no lease -end returns, residuals or buy -outs --like a commercial or personal lease. Your government OWNS every vehicle, nothing is returned Which Government Entities Qualify for a Municipal Lease? "Municipal Leasing" is an umbrella term covering financing for state, county and municipal governments, special districts & authorities—for use by law enforcement, public safety, fire, rescue, EMS, public works, roads, public schools, community colleges & universities and more. (Bottom line: if your agency is funded by public tax dollars or assessments, it most likely qualifies) Acquire me. This spend Less yea Here's How It Work The dollar amount appropriated this year (and anticipated to be evadable M subsequent years) allows your agency to put 3-5 time as much new equipment into sponse today by spreading the total cost over multiple budget veers. It's a "Pay As You Go," tool Le. lease payments are spent as they are appropriated, year -by -year, not in advance. Our government clients sense..." do more lessw tell us "it just makes financial ax-Exernpt Municipal Loosing—Your Lowest Cost, Non -Debt Financing Tool. Here's Why: Our municipal lease rates are always significantly lower than comparable commercial or dealer rates. Special IRS provisions enacted many years ago encourage low -Interest lending to govemment entities by waiving certain federal taxes that financial institutions would otherwise pay. Hence the phrase, "tax-exempt." (which is unrelated to state/local sales, use or other taxes). Because of our "built-in" non -appropriation of funds language (wherever required by law), leases, unlike bonds, are generally treated as expenses, rather than 'full faith & credit" debt obligations like bonds. Request a Written, No -obligation Municipal Lease Quote Nowi Larger Leases -- Lower interest Rates re You Agency Our municipal leases are very transtIon-slze 50441. Aggregating vehicles and/or equipment from different departments and vendors, even with different lease terms, allows us to push rates down (on all equipment) and the entire transaction. Municipal Leasing is Much Faster, Less Expensive and Easier than Bonds. Here's Why: Unlike complex bond financing, municipal lease -to -own financing is a streamlined process that can be completed In 7- 14 days, not months. No voter referendums, no mountains of paperwork, no exorbitant legal, advertising or compliance costs and no new balance -sheet debt. For all but the largest projects—our municipal lease -to -own financing is by far your most cost-effective tool. Interest rates are fixed upfront and unlike bonds do not float until sold by the underwriter. No pricing or rate speculation! Non -Appropriation Language Included„,No ProbletW In the event funds are not appropriated for any legal reason, in any budget year, the lease can be terminated (unlike a bond) and the equipment returned to us. Non -appropriation (or "funding out") language Is Included automatically wherever required. Totally Flexible Payment Terins, Just tell us what your agency needs financiallyl First Capital offers a range of terms from 3-20 years with monthly, quarterly or annual payments—to sult your agency's financial and cash flow convenience Garnble on a Grant? Or Lock -In Very Low -Interest Municipal Lease Rates 1 oday? While tempting in theory, the whole grant process can be protracted, convoluted and the outcome and timing are almost always uncertain. First Capital's municipal leases can be pre -paid (every lease includes an early buyout schedule) with pay-offs amounts locked -in, should a future grant opportunity become available. With municipal leasing, you get your essential equipment today, while keeping all of your financial options on the table going forward. First Capital Equipment Leasing Corp. 1-800-541-0114 x-22 © 1985-2020 First Capital Equipment Leasing Corp, All rights reserved, Rev 022620 FA'O. 3D VISIONAR FARO Technologies Inc 250 Technology Park Lake Mary FL 32746-7115 Phone No: 407-333-9911 Fax No: 407-333-4181 Email: rico Bill To: City of Yakima 129 N 2nd St O8Q01-2013Yakima, VVA USA Remit to: FARO Technologies, Inc. P.O.Box 11O00B Atlanta, GA 30368-6908 Ship To: City of Yakima Shawn Boyle 200 S 3rd St Richard Zais B Police S8Q01'2D3OYakima, VVA USA Contact Person: Shawn Boyle Page 1 Quotation No: 20347366 Quotation Date: 06K05/2020 Expiration Date: 07/31/2020 Regional Manager: Paul Gregory Account ManageChristopher Short Sales Support: Rico Holder Ship: Standard/Ground Payment Terms: Net due in 30 days Delivery Terms: EXW Origin Lead Time: 2-6 Weeks Pricing and Terms & Conditions of this quote are per GSA MAS Contract GS-07F-197GA. By accepting this quote,you acknowledge that you are eligible for and may purchase via the GSA Schedule/Contract above. For questions regarding GSA eligibility please refer to https://www.gsa.gov/buying-selling/purchasing-programs/overview/ eligibility-to-use-gsa-sources. *Quote replaces Expired GSA Quote 20334449 *List Total Unit Prlce for comparison: $80,998 Description *Discount contingent upon Trade -In of Focus 3D 120, S/N LLS061101713* Laser Scanner Focus S 150 ships with: 1xFocus S15l1uQuick Release, HDR photography, GPS, compass, altimeter (barometer), dual -axis compensator, Accessory Bay, Ix Power Block Battery, Ix Battery Power Dock, ix Power Supp|y, 1x 32GB SD card and reader, ix rugged transport case, calibration certificate, manufacturer warranty and a quick start guide. Qty Amount 37,158.39 PURCHASE AGREEMENT AND CONDITIONS OF SALE Customer will pay any federal, state and local taxes. The terms of this Agreement are those of GSA Schedule 84 and are incorporated herein by reference. DR12 PLEASE REFERENCE FARO QUOTE NUMBER ON ALL DOCUMENTS. BY REFERENCING 3D VISIONARY Page 2 Quote no. 20347366 TR -B3 -COR TR-FZ3-TCI-PC TR-FZ3-CSI-PC Description Qty Amount 3D_AC_LS_FocusS Battery Power Block 1 436.90 Power Biock batteryfor Focus laser scanner V8. FZ Cor1 0I0 Two consecutivday, consisting of four-hour vlrtual classroom training. The FARO Zone 3D Core training is specificaUy deslgned to assist new users. FZ Point Cloud Crash ** Open Market Item** Four-hour virtua classroom training. Ths course is desgned for Pnvestigators who will be using primarily laser scanner data to complete crash investigations. FZ Point Cloud Crime ** Open Market Item** Four-hour virtual classroom training. Thls course is designed for Investigators who wiV be using primarfly Jaser scanner data to complete analysis. 500.00 500.00 3D_MA SC SCENE 1 2,750.00 Maintenance- 3Y STAND_R SCENE. Extends maint*nanoauonbnct ofmWeUnglicense by3yeam. 575283411020748018 6/29/2020 - 6/28/2023 111: M • 3D VISIONARY Page 3 Quote no. 20347366 Item No. CCR-SCN-V8-Y4 Description Qty - Amount FARO Zone 3D Advanced Maintenance 2,648l0 3Y -R FARO Zone 3D Advanced annual maintenance renewal includes product updates and upgrades (as available), including top tier tochnical support for three (3) years. Customer must be on the most current software release to purchase thim plan. 1595278124 4/01/2021 - 3/31/2024 Complete N Focus S/M-Y4 ** Open Market Item ** Compete Care service plan includes parts and labor for repair and annual cloaning and cahbrahon. Three years of coverage in addition to the included 1'yaorwern*nty. Total Unit Price Total Item Discounts Subtotal Total Taxes 9,229.00 63,593.29 10 471.00- 53,122.29 3,969.42 Total USD 57,091.71 Signature: Print litie: Date: Signature: Print _ �TiUe:___~��~ *Any order ove$1 50,000 will need a secondary signature to process your order, Date- FA �� 3D VISIONARY Additional Information Page Quote no. 20347366 C0V|O49 FARDd000mtauaumeanyhukfhr(i)|atada|ivaruuofgoude.(ii)oustomon&inabi|ityorimpr cticability to receive or use our devices or software, and for (iii) delivery disruptions, that are due to the COVID-19 pandemic and ensuing government measures (shut downs, Iock-downs, quarantines). QUOTE TERMS To accurately and promptly process your order, the foliowing information is required with your Purchase Order: 1. Purchase Order Number (P0#) 2. Bill To AND Ship To Address (even if they are the same) 3. FARO Approved Payment Terms 4. Prepay and Add Freight Charges OR Collect (with your shippers Account #) 5. Method of Shipment (Best Way, Ground, Overnight, 2DAY) 6. FOB Origin or Destination (for GSA and Warranty ONLY Customers) 7. FARO Quote Number 8. P0 Signed and Dated 9. Ship To State Tax Exemption Certificate OR acknowledgement to charge tax 10. Signed Credit Application (New Customers ONLY) Quoted delivery terms are contingent upon timely receipt of all above listed items. CALIBRATION CAPABILITIES FARO meets the calibration requirements of ISO/IEC 17025:2005 for USB Arms, Bluetooth Gage, Gages, 3D Imager, LLP and Laser Trackers. Our capabilities are listed on our ISO/IEC 17025:2005 Scope of Accreditation and might vary by location. The scope of each location can be accessed from the FARO website. CALIBRATION STANDARDS USB Arms and Bluetooth Gage are calibrated in accordance with ASME B89.4.22-2004. Other Gage Models are calibrated in accordance with ISO 10360-12:2016. 3DImager are calibrated inaccordance with VO|&0]E2034'2:2O12. Laser Trackers are calibrated in accordance with B89.4.19-2006* as requested by the Customer. *Part # 960-02589 - System Calibration is an additional calibration process to our Part # ACC -00 - Standard Calibration. Quantum S/M Arms are calibrated in accordance with ISO 10360-12:2016. DECISION RULE For B89 Calibration, FARO follows the recommendation of the ASME B89.4.22-2004, Appendix J, in the application of the decision rule to testing results. This appendix state'B89 standards that adopt standards referencing ISO 14253-1 as a normative standard shall explicitly state a different decision rule, where the 4:1 simple acceptance and rejection rule from 8897.31 shall be the default rule unless a different rule iuupoxified.^ For ISO 10360-12:2016 Calibration, FARO foliows this Standard's recommendation, Introduction C|auua, in the application of the decision rule to testing results. This clause states that "the default decision rules given in ISO 14253-1 apply to specifications made in accordance with this part of ISO 10360, unless otherwise indicated." The relevant dociuionm|oin|SOi4253'i2817iogiveninC|auuo5.2."Ru|nforpmvingconfmnnanoowithepocifioudona.''FAROa|oo follows this decision rule according to the recommendation of VDINDE 2634-2:2012, Annex 4.3.5. CUSTOMS and EXPORT CONTROL Deliveries of these goods/products, software, technologies, know-how-trnsfer to other countries (e.g. embargos) or to other receivers can be subject to authorization or may be prohibited. US -origin goods/products, software, technologies, know -how -transfer or products which include 10/25 % US- origin, are liable to US -Export -Administration Regulations and could be subject to authorization or may be prohibited. Pages Quote no. 20347366 GENERAL SERVICES ADMINISTRATION FEDERAL SUPPLY SERVICE AUTHORIZED FEDERAL SUPPLY SCHEDULE PRICELIST On-Iine access to contract orderingering information, terms and conditions, up -to - ate pricing, and the option to creatan electronic delivery order are available through GSA Advantage!®, a menu -driven database system. The INTERNET address for GSA Advantogo!@Dio:GSAAdvantago.gov. MAS: MULTIPLE AWARD SCHEDULE SPECIAL ITEM NUMBER NEW - INTRODUCTION OF NEW SUPPLIES AND SERVICES OLM - ORDER -LEVEL MATERIALS (OLM) 325412 - CRIMINAL INVESTIGATIVE EQUIPMENT AND SUPPLIES FSC/PSC Codes: 6550, 0000 For more information on ordering from Federal Supply Schedules click on the FSS Schedules button at fss.gsa.gov, Faro Technologies, Inc 250 Technology Park Lake Mary, FL 32746 T: 407-333-9911 F: 407-333-4181 wvwm.fam.com Contract Number: GS-07F-197GA Period Ceamitad by Contract: September 29, 2017 - September 28, 2022 Contract Admin istreton Steven Barthel Business Size: Other than Small Business CUSTOMER INFORMATION la, Table ot Awstded Special [tern Mambo% with eppro to crottstrettematime to ilem dtteirlptIons end awarded prices: Spatial Item Number (SIN) Spatial Item Ngmber * seriptfOrt AWArdfid PfiCO Page of the lowest priced model number and lowest unit price for that model for each special item number awarded mthe contract: SIN Part Number GSA Price NEW/STLOC SP -01 8,478.59 lc. If functional responsibility and education for those typos of employees or subcontractors