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HomeMy WebLinkAbout2026.07.21_OPGA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO PUBLIC GOLF AUTHORITY (OPGA) Council Chambers Old Central Building 109 North Birch, Owasso, OK Tuesday, July 21, 2026 - 6:00 PM NOTE: APPROPRIATE ACTION may include, but is not limited to: acknowledging, affirming, amendinpeproving, authorizing, awarding, denying, postponing, or tabling. �` ll.•F/V� AGENDA ,/(� D 1. Call to Order -Chair Dr. Paul Loving , City clerk /rJ\/C 2. Roll Call pjj/ce ! 1 3. Consideration and appropriate action relating to the Consent Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non -debatable.) A. Approve minutes -July 7, 2026 and July 14, 2026, Regular Meetings B. Approve claims 4. Consideration and appropriate action relating to items removed from the Consent Agenda 5. Consideration and appropriate action relating to bids received for the lease or purchase of a golf cart fleet - Corey Burd Staff recommends approving the Municipal Master Lease Agreement with Yamaha Motor Finance Corporation for the lease/purchase of seventy-two (72) Yamaha (EFI) golf cars and one (1) Yamaha Umax Driving Range Picker with monthly payments of $6,822.60, totaling $81,871.20 annually, contingent upon annual appropriations by the Authority, and authorization to execute all necessary documents. 6. Report from OPGA Manager 7. Report from OPGA Attorney 8. Official Notices (documents for acknowledgment or information only, no discussion or action will be taken) • Payroll Payment Report - pay period ending date July 1], 2026 • Monthly Budget Status Report -dated as of June 30, 2026 9, New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) 10. Adjournment Amended Notice of Public Meeting filed in the office of the City Clerk on Thursday, April 9, 2026, and the Agenda posted at City Hall, 200 South Main Street, a :30 am on Friday, July 17, 2026. ionn M. Stevens, City Clerk The City of Owasso encourages citizen participation. To request an accommodation due to a disability, contact the City Clerk prior to the scheduled meeting by phone 918-376-1502 or by email to istevens@cityofowasso.com OWASSO PUBLIC GOLF AUTHORITY (OPGA) MINUTES OF REGULAR MEETING TUESDAY, JULY 7, 2026 The Owasso Public Golf Authority (OPGA) met in regular session on Tuesday, July 7, 2026, in the Council Chambers at Old Central, 109 North Birch, Owasso, Oklahoma per the amended Notice of Public Meeting filed Thursday, April 9, 2026; and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 South Main Street, at 1 1:30 am on Thursday, July 2, 2026. 1. Call to Order - Chair Dr. Paul Loving called the meeting to order at 6:51 pm. 2. Roll Call - A quorum was declared present. Present Absent Chair - Dr. Paul Loving Trustee - Alvin Fruga Vice Chair- Dr. Chad Balthrop Trustee - Jamie Dunn Trustee - Cody Walter Staff: Authority Manager - Chris Garrett / Authority Attorney - Julie Lombardi 3. Consideration and appropriate action relating to the Consent Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non -debatable.) A. Approve minutes - June 16, 2026, Regular Meeting B. Approve claims Mr. Walter moved, seconded by Mr. Loving, to approve the Consent Agenda as presented, with claims totaling $44,024.59. YEA: Balthrop, Dunn, Walter, Loving NAY: None Motion carried: 4-0 4. Consideration and appropriate action relating to items removed from the Consent Agenda - None S. Report from OPGA Manager - None 6. Report from OPGA Attorney - None 7. Official Notices - The Chair acknowledged receipt of the following: • Payroll Payment Report- pay period ending date June 13, 2026 and June 27, 2026 8. New Business - None 9. Adjournment Mr. Walter moved, seconded by Mr. Balthrop, to adjourn the meeting. YEA: Balthrop, Dunn, Walter, Loving NAY: None Motion carried: 4-0 and the meeting adjourned at 6:52 pm. Dr. Paul Loving, Chair Juliann M. Stevens, Authority Clerk OWASSO CITY COUNCIL, PUBLIC WORKS AUTHORITY, AND PUBLIC GOLF AUTHORITY MINUTES OF JOINT REGULAR MEETING TUESDAY, JULY 14, 2026 The Owasso City Council, Owasso Public Works Authority (OPWA), and Owasso Public Golf Authority (OPGA) met in a joint regular meeting on Tuesday, July 14, 2026, in the Council Chambers at Old Central, 109 North Birch Street, Owasso, Oklahoma, per the amended Notice of Public Meeting filed Thursday, April 9, 2026; and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 South Main Street, at 3:30 pm on Thursday, July 9, 2026. 1. Call to Order - Mayor/Chair Dr. Paul Loving called the meeting to order at 6:00 pm. 2. Roll Call A quorum was declared present. Present Absent Mayor/ Chair- Dr. Paul Loving None Vice Mayor/Vice Chair- Dr. Chad Balthrop Councilor/Trustee - Alvin Fruga Councilor/Trustee - Jamie Dunn Councilor/Trustee - Cody Walter Staff: City/Authority Manager - Chris Garrett; City/Authority Attorney - Julie Lombardi 3. Discussion relating to the monthly sales and use tax report and revenue outlook - Carly Novozinsky presented the item and discussion was held. 4. Discussion relating to an application to abandon previously approved Owasso Planned Unit Development, OPUD 23-03, containing approximately 0.48 acres located near the southwestern corner of West 2nd Street and North Atlanta Street and approve a new Planned Unit Development, OPUD 26- 01, for the same property -Wendy Kramer presented the item and discussion was held. It was further explained the item would be included on the July 21, 2026, City Council agenda for consideration and action. 5. Discussion relating to the City's retirement plans and self-insurance plans -Michele Dempster presented the item and discussion was held. 6. Discussion relating to vacancies on the Owasso Board of Adjustment and the Owasso Sales Tax Oversight Committee - Juliann Stevens presented the item and discussion was held. 7. City/Authority Manager Report - No Report 8. City Councilor/Trustee comments and inquiries - Councilor/Chair Walter commented on a positive customer service experience with the City's Utility Billing Department. 9. Adjournment The meeting adjourned at 6:55 pm. Dr. Paul Loving, Mayor/Chair Juliann M. Stevens, City /Authority Clerk Claims List - 07/21/26 Fund Vendor Name Payable Description PaymentAmount 55 OPGA FLEET FUELS LLC FUEL $1,373.66 JPMORGAN CHASE BANK METAL -CART BARN EXT $115.79 JPMORGAN CHASE BANK WALMART-CART REPAIR $79.84 YAMAHA GOLF CAR COMPANY REPAIR $660.47 CART OPERATIONS -Total $2,229.76 BWI COMPANIES, INC FERTILIZER $7,834.00 ENTERPRISE FM TRUST LEASE VEHICLE PAYMENTS $887,21 FLEET FUELS LLC FUEL $6,388.18 HARRELLS, LLC PESTICIDES $23,387.40 HOLLIDAY SAND & GRAVEL CO SAND $667.98 JPMORGAN CHASE BANK AMAZON -CARTRIDGE $33.55 JPMORGAN CHASE BANK AMAZON -WIRE FLAGS $47.97 JPMORGAN CHASE BANK CMDT-PUMP FLOAT $2,379.00 JPMORGAN CHASE BANK ONG-GAS $56.06 JPMORGAN CHASE BANK OREILLY-REFUND ($18.54) JPMORGAN CHASE BANK PLATINUM -SECURITY $25.00 JPMORGAN CHASE BANK VERIZON-WIRELESS CONN $194.14 MOHAWK MATERIALS SAND $1,404.50 PROFESSIONAL TURF PRODUCTS, LP PIVOTSHAFTS $309.58 PROFESSIONAL TURF PRODUCTS, LP SPRING TINES $1,210.00 UNIFIRST FIRST AID CORP SAFETY SUPPLIES $268.97 UNIFIRST HOLDINGS LP ENVIRONMENTAL CHARGE $14.00 UNIFIRST HOLDINGS LP JANITORIAL SERVICE $17.90 UNIFIRST HOLDINGS LP SHOP TOWEL SERVICE $27.11 UNIFIRST HOLDINGS LP UNIFORM CLEANING $20.90 COURSE MAINT -Total $45,154.91 IMAGEFIRST OF DALLAS LLC LINEN RENTAL $147.67 JPMORGAN CHASE BANK SAMS-SUPPLIES $329.25 JPMORGAN CHASE BANK SUPERIOR-LINENS/TOWEL $161.18 JPMORGAN CHASE BANK TULA BEEF -SUPPLIES $82.20 FOOD & BEV -Total $720.30 AT&T LONG DISTANCE $9.65 CITY OF OWASSO WATER $140.00 JPMORGAN CHASE BANK BROOKS -GREASE TRAPS $195.00 JPMORGAN CHASE BANK COX -CABLE $139.00 JPMORGAN CHASE BANK ODEPOT-OFFICE SUPP $82.96 JPMORGAN CHASE BANK ONG-GAS $338.09 JPMORGAN CHASE BANK PLATINUM -SECURITY $25.00 JPMORGAN CHASE BANK SOUTH-REG FEE $165.00 JPMORGAN CHASE BANK SOUTH -TRAINING $160.00 JPMORGAN CHASE BANK UNIFIRST-SUPPLIES $295.57 1 Claims List - 07/21/26 Fund Vendor Name Payable Description Payment Amount 55 OPGA GOLFADMIN -Total $1,550.27 CUTTER & BUCK INC UNIFORMS $224.19 JPMORGAN CHASE BANK AMAZON -BALL PICKER $96.50 JPMORGAN CHASE BANK AMAZON -SUPPLIES $41.78 JPMORGAN CHASE BANK GT GOLF -SUPPLIES $115.11 JPMORGAN CHASE BANK OK GOLF -HANDICAP FEE $1,910.00 JPMORGAN CHASE BANK SOUTH-REG FEE $165.00 SWANNIES GOLF APPAREL UNIFORMS $105.49 GOLFSHOP -Total $2,658.07 BGR DAILY ACCT. REIMB PETTY CASH $4,539.43 JPMORGAN CHASE BANK ACUSHNET-MERCHANDISE $10,771.53 JPMORGAN CHASE BANK GT GOLF -MERCHANDISE $42.57 JPMORGAN CHASE BANK IMPERIAL -FOOD $52.95 JPMORGAN CHASE BANK MINT -MERCHANDISE $2,032.05 JPMORGAN CHASE BANK PING -MERCHANDISE $1,705.01 JPMORGAN CHASE BANK SAMS-FOOD $1,395.62 " JPMORGAN CHASE BANK SAMS-FOOD RETURN ($81.70) JPMORGAN CHASE BANK TULA BEEF -FOOD $528.00 JPMORGAN CHASE BANK TULSA BEEF -FOOD $225.00 JPMORGAN CHASE BANK WALMART-FOOD $20.34 JPMORGAN CHASE BANK WALMART-GOLF BEER $231.43 COST OF GOODS -Total $21,462.23 OPGA -Total $73,775.54 OPGA Grand Total $73,775.54 2 TO: The Honorable Chair and Trustees, Owasso Public Golf Authority FROM: Corey Burd, Bailey Ranch Golf Club - Director of Golf SUBJECT: Recommendation for OPGA Golf Car Lease to Purchase DATE: July 16, 2026 BACKGROUND: An industry standard for the life of a golf car fleet is four (4) to five (5) years. Higher -end facilities change out their fleet every two (2) years. Bailey Ranch Golf Club cars are at the end of our 4- year lease. Leasing to purchase enables staff to project annual expenses more accurately because the cars are under warranty throughout the lease. This option also gives us more flexibility at the end of the term to pursue the best option. PROPOSAL PREPARATION: Requests for Proposals were advertised for both gas and lithium -battery -powered golf cars, along with a replacement for our 8-year-old driving range vehicle. Evaluation of new golf car fleet focuses on customer experience, safety, operational efficiency, technology, and overall cost. Requests for quotes were posted according to the City of Owasso policy. QUOTE ANALYSIS: The following quotes were received: Lithium Electric NetTrade Fleet Cost Purchase Price Monthly Total Annual Term Balloon Yamaha Drivel $ - $622,200.00 S 622,200.00 $ 8,508.12 $102,097.44 60 S 223,200.00 Club CarTempo $ 10,334.38 5547,568.00 $ 537,253.62 $ 7,239.94 $ 86,878.08 50 $ 204,400.00 EZGO RXV Elite $ 3,502.38 $572,497.62 $ 568,995.24 $ 11,133.36 $133,600.32 60 $ 72.00 EZGO RXV Elite Pre owned 2022 $ 3,502.38 $364,540.00 S 361,037.62 $ 6,840.00 $ 82,080.00 48 Straight Lease EZGO RXV Elite $ 3,502.38 $572,497.62 $ 558,995.24 $ 9,174.96 $110,099.52 60 $ 142,000.00 Gas Trade Fleet Cost Purchase Price Total er Mo Total Annual Tenn Balloon Yamaha Drive 2 QuieTech $ - $478,800.00 $ 478,800.00 $ 6,822.60 $ 81,871.20 1 48 S 237,600.00 Club Car Tempo Gas $ 10,334.38 $414,100.00 S 403,765.62 $ 5,021.23 $ 60,254.76 60 $ 182,500.00 After considering the quotes and our goals, the Yamaha Drivel QuieTech EFI is the recommended choice for Bailey Ranch Golf Club. It offers exceptional reliability and operational flexibility. It is the most refined gas -powered golf car experience available today. Yamaha's QuieTech EFI significantly reduces engine noise, vibration, and has excellent fuel efficiency. The result is a quiet ride that closely rivals the experience of an electric car while retaining the advantages of a gas - powered fleet. In addition, the ability to refuel in minutes keeps the fleet available throughout busy days, tournaments, and special events without the downtime associated with charging electric fleets. Combined with our familiarity with the product and Yamaha's outstanding service, the Drivel QuieTech EFI provides a dependable, low -risk investment that maximizes fleet availability while offering the quietest and most advanced gas -powered technology in the industry. LEASE TO PURCHASE CONTRACT: Under the terms of the lease, total payments over the 48 months will be $327,484.80. A residual payment of $237,600.00 will be due at the end of the lease to secure full ownership, or the fleet may be traded in with any equity applied to a new fleet of cars. FUNDING: The FY 2027 OPGA budget includes funds to satisfy the terms of this lease, with subsequent fiscal year payments contingent upon annual appropriations by the Trustees. RECOMMENDATION: Staff recommends approving the Municipal Master Lease Agreement with Yamaha Motor Finance Corporation for the lease/purchase of seventy-two (72) Yamaha (EFI) golf cars and one (1) Yamaha Umax Driving Range Picker with monthly payments of $6,822.60, totaling $81,871.20 annually, contingent upon annual appropriations by the Authority, and authorization to execute all necessary documents. ATTACHMENT: Draft Proposed Master Lease Agreement ance MASTER LEASE AGREEMENT Page 1 of 4 MLSE 0906 WAMAHA YAMAHA MOTOR FINANCE CORPORATION, U.S.A. MASTER LEASE AGREEMENT dated DATE , between YAMAHA MOTOR FINANCE CORPORATION, U.S.A., having its principal place of business at 5555 Katella Avenue, Cypress, California 90630 ("Lessor'), and NAME OF LESSEE —SAMPLE DOCUMENT having its principal office at ADDRESS OF LESSEE ("Lessee"). Lessor and Lessee hereby agree as follows: 1. Lease of Equipment. Lessor leases to Lessee the equipment described on each attached Equipment Schedule (the "Equipment"), on the terms and conditions of this Lease, the applicable Equipment Schedule, and each rider attached hereto. 2. Term. The term of this lease for the Equipment described on a particular Equipment Schedule shall commence on the date set forth on such Equipment Schedule and shall continue for the number of months indicated on such Equipment Schedule. 3. Rent. Lessee shall pay Lessor rent for the Equipment ("Rent") in the amounts and at the: times set forth on the applicable Equipment Schedule. The amount of the Rent has been determined by amortizing the purchase price of the applicable Equipment (using the prices quoted in the Request for Proposal identified on the applicable Equipment Schedule ("RFP")), together with an interest factor at the rate specified in the applicable Equipment Schedule. Whenever any payment hereunder is not made when due, Lessee shall pay interest on such amount from the due date thereof to the date of such payment at the lower of Lessor's then prevailing iatwfor late payments specified in Lessor's invoice to Lessee for such payment or the maximum allowable rate of interest permitted by the'law:of the state where the Equipment is located. 4. Selection. Delivery, and Acceptance. Lessee shall select the Equipment and take delivery thereof directly from Lessor or an authorized dealer of Lessor (the "Dealer'). All costs of delivery are the sole responsibility of Lessee. Lessor shall not be liable for any loss or damage resulting from the delay or failure to have any Equipment available for delivery. Lessee shall Inspect the Equlpnientto determine that the Equipment is as ordered and has been equipped and prepared in accordance with the RFP and any prior instructions given in writing by Lessee to Lessor or Dealer. Lessee shall accept the Equipment if it meets the criteria set forth in the preceding sentence and shall execute and deliver to Lessor or Dealer a Certificate of Acceptance, in form and substance satisfactory to Lessor, within 7 days of the delivery of the Equipment or the Equipment will be deemed accepted by the Lessee. For all purposes of this Lease, acceptance is conclusively established by Lessee's execution and delivery of a Certificate of Acceptance provided by Lessor: Lessee authorizes Lessor to insert in each Equipment Schedule the serial numbers and other identifying data of the; Equipment " 5. Location. and Inspection. Lessee shall not move the'Equipment from thefocations specified in the applicable Equipment Schedule without Lessor's prior written consent. Lessor and its representativesshall have the right from time to time during business hours to enter upon the premises where the Equipment is located to inspect the Equipment and Lessee's records to confirm Lessee's compliance with this Lease. _. ..... 6. Care. Use. and Maintenance. Lessee shall, at its expense;, at all times during the term of this Lease, keep the Equipment clean, serviced, and maintained in good operating .order,.repair, condition, and appearance in accordance with Lessor's manuals and other instructions received from Lessor. Lessee will not use or operate the Equipment, or permit the Equipment to be used or operated, in violation of any law, ordinance or governmental regulations. The Equipment will be used and operated only as golf cars. Lessee shall safely store the Equipment when not in use'arid`properly secure it al night and'such other times when the golf course on which the Equipment is used is closed to play, and Lessee shall be safely ,responsible for such storage.and safekeeping. If the Equipment is electrical, Lessee shall provide sufficient and adequate electrical charging outlets and water facilities for the batteries which are a part of the Equipment. 7. Insurance. Effective upon delivery of the Equipment to Lessee and until the Equipment is returned to Lessor as provided herein, Lessee relieves Lessor of responsibility for all risk of physical damage to or loss or destruction of all the Equipment, howsoever caused. During the continuance of, this Master Lease, Lessee shall at its ovkA expense, cause to be carried and maintained with respect to each item of Equipment designated in each Equipment Schedule, public liability insurance in an amount of not less than $1,000,000. and casualty insurance, in each case in amounts and `against risk customarily insured against by Lessee in similar equipment and, in amounts and against risk acceptable to Lessor. ,All policies with respect to such insurance shall name Lessor as additional insured and as loss payee, and shall provide for at least thirty,(30) days' prior written notice by the underwriter or insurance company to Lessor in the event of cancellation or expiration of any such policies. Lessee shall furnish appropriate evidence of such insurance to Lessor. Lessee shall bear the entire risk of loss, theft, destruction or damage to the,Lquipment from any cause whatsoever and shall not be relieved of the obligation to pay the total of the monthly payments or any other obligation hereunder because of any such occurrence. In the event of damage to any item of Equipment leased hereunder, Lessee, at its sole expense, shall immediately place the same in good repair and operating condition. In no event shall Lessor be liable for any loss of profit„damage, loss, defect or failure of any item of Equipment or the time which may be required to recover, repair, service, or replace the itemof Equipment. 8. Storage. Lessee shall store the Equipment in such a manner as to prevent theft or damage from weather and vandalism 9. Title. Title to the Equipment shall at all times remain with the Lessor. Lessee acquires only the interests of Lessee expressly described in this Lease, the applicable Equipment Schedule, and the riders attached hereto. Lessee shall not remove, move, or cover over in any manner any serial number on the Equipment. Lessee shall keep all Equipment free from any marking or labeling which might be interpreted as a claim of ownership thereof by Lessee or any party other than Lessor or anyone so claiming through Lessor. Lessor is hereby authorized by Lessee, at Lessors expense, to cause this Master Lease, any Equipment Schedule or any statement or other instrument in respect of any Equipment Schedule as may be required by law showing the interest of Lessor in the Equipment to be filed and Lessee hereby authorizes Lessor or its agent to sign and execute on its behalf any and all necessary UCC-1 forms for such purpose. Lessor and Lessee hereby Intend this transaction to be a lease. In the event that for any reason it is not deemed a lease, the Lessee hereby grants Lessor a security interest in the property shown on the Equipment Schedule. Page 2 of 4 MLSE 0906 10. Warranties. The Equipment is warranted only in accordance with the manufacturers warranty. EXCEPT AS EXPRESSLY PROVIDED IN THE MANUFACTURER'S WARRANTY, LESSOR DISCLAIMS ANY OTHER WARRANTY, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON -INFRINGEMENT AND NON-INTERFERENCE. 11. Alterations and Attachments. Lessee may, with Lessors prior written consent, make such cosmetic modifications to the Equipment as Lessee may deem desirable in the conduct of its business; provided, however, that such alterations shall not diminish the value or utility of the Equipment, or cause the loss of any warranty thereon or any certification necessary for the maintenance thereof; and provided, further, that such modification shall be removable without causing damage to the Equipment. Upon return of the Equipment to Lessor, Lessee shall, if Lessor so elects, remove such modifications which have been made and shall restore the Equipment to its original condition, normal wear and tear and depreciation excepted. 12. Taxes. Lessee shall cooperate with Lessor in all reasonable respects necessary in order for Lessor to qualify for any exemption or exclusion from personal property tax on the equipment or sales or use tax on the leasing of the Equipment to Lessee hereunder. In the event that any such tax becomes payable by Lessor during the term of this Lease, Lessee shall pay to Lessor as additional rent, promptly on receipt of Lessor's invoice therefor, an amount equal to such tax. Lessee shall collect and remit any and all sales, use, and other taxes payable in any state, county, or city in respect of the rental or other use of the Equipment by Lessee. 13. Indemnity: Notice of Claim. To the extent permitted by applicable law, Lessee shall be, liable for, and hereby indemnifies Lessor and holds Lessor harmless from and against, any and all claims, costs, expenses, damages, losses, and liabilities (including, without limitation, attorneys' fees and disbursements) arising in any way from the gross negligence or willful misconduct of Lessee or Lessee's agents and independent contractors, or their respective employees, agents or representatives. Lessee shall give Lessor prompt written notice of any claim arising out of the possession, leasing, renting, operation, control, use, storage, or disposition 6f4the Equipment and shall cooperate in all reasonable respects at Lessee's expense in investigating, defending, and resolving such claim. 14. Return of Equipment. Upon the termination of an Equipment Schedule for any reason, unless Lessee is thereupon purchasing the Equipment from Lessor, Lessee shall make the Equipment available for inspection and pick up by Lessor or Dealer at Lessee's location at which the Equipment was used hereunder. The Equipment shall be returned to Lessor at the termination of this Lease in the same operating order, repair, condition, and appearance as when received by Lessee, less normal depreciation and wear and tear (which shall not include damaged or missing tires or wheels). 15. Defaults. The occurrence of any one or more of the following events shall constitute an "Event of Default" under this Lease: (a) Default by Lessee in the payment of any installment of rent or other`charge payable by Lessee under any Equipment Schedule as and when the same becomes due and payable; or (b) Default by Lessee in the performance of any other material term, covenant or condition of this Lease or any Equipment Schedule or the inaccuracy in any material respect of any representation or warranty made by the Lessee in this Lease or any Equipment Schedule, or in any document or certificate ,furnished to the Lessor in connection therewith, which default or inaccuracy shall continue fora period of 10 days after notice; ; or (c) A petition under the Bankrlptcy,Code or under any other insolvency law providing for the relief of debtors shall be filed by or against Lessee; or (d) The voluntary or involuntary making of any assignment of a substantial portion of its assets by Lessee for the benefit of creditors shall occur; a receiver or trustee for Lessee or: for Lessee's assets shall be appointed; or any formal or informal proceeding for dissolution, liquidation, settlement of claims against or winding up of the affairs of Lessee shall be commenced; or (a) Lessee shall default under any other lease or agreement between Lessee and Lessor [or any of its assignees hereunder]; or (f) Lessee shall suffer material adverse change in its financial condition from the date hereof, and as a result thereof Lessor deems itself or any, of the Equipment to be insecure_ 16. Remedies. Upon the occurrence of an Event of Default,eLessor, at its option, may pursue any one or more of the following remedies, in such order or manner as Lessor determines, eachsuch remedy'tieing cumulative and not exclusive of any other remedy provided herein or under applicable taw: (a) terminate all or any portion ofthe Equipment Schedules to this Lease; (b) with or without terminating this Lease, take possession of the Equipment, with or without judicial process, Lessee hereby granting Lessor the right and license to enter upon Lessee's premises where the Equipment is located for such purpose; (c) proceed by appropriate court action, either at law or in equity, to enforce performance by Lessee of the applicable covenants and terms of this Lease, or to recover from Lessee any and all damages or expenses, including reasonable attorneys' fees, which Lessor shall have sustained by reason of Lessee's default in any covenant or covenants of this Lease, or on account of Lessors enforcement ofts remedies thereunder; without limiting any other damages to which Lessor may be entitled, Lessor shall be entitled upon an Event of Default to damages in an amount equal to all Rent then due but unpaid, plus the aggregate amount of Rent thereafter coming due for the remaining term of this Lease, plus Lessors costs and expenses of pursuing its remedies hereunder (including, without limitation, attorneys' fees), minus all amounts received by Lessor after using reasonable efforts to sell or re -lease the Equipment after repossession or from any guaranty by the Dealer or any third -party; and (d) sell the Equipment or enter into a new lease of the Equipment. It is hereby agreed that no delay by Lessor in pursuing any remedy shall be treated as a waiver of or limitation on such remedy or any other remedy. 17. Assignment. Lessee shall not transfer, assign, or sublease (except for rentals to players as contemplated hereunder in the ordinary course of business), or create, incur, assume, or permit to exist any security interest, lien, or other encumbrance on, the Equipment, this Lease, or any interest of Lessee therein. 18. Lessee's Representations and Warranties. Lessee represents and warrants to Lessor that: (a) Lessee has the authority under applicable law to enter into and perform this Lease and each Equipment Schedule and rider hereto; (b) Lessee has taken all necessary action Page 3 of 4 MLSE 0906 to authorize its execution, delivery, and performance of this Lease and each Equipment Schedule and dder hereto; (c) the Lease and each Equipment Schedule and rider hereto have been duly executed and delivered by an authorized signatory of Lessee and constitute Lessee's legal, valid, and binding obligations, enforceable in accordance with their terms; (d) adequate funds have been budgeted and appropriated to enable Lessee to make all payments required under each Equipment Schedule to this Lease during the first twelve months of the tens hereof; and (a) interest paid on indebtedness of Lessee held by Lessor would be excluded from Lessors income for U.S. federal income tax purposes. 19. Non -Appropriation of Funds. Notwithstanding anything contained in this Lease to the contrary, in the event no funds or insufficient funds are budgeted and appropriated or are otherwise unavailable by any means whatsoever for Rent due under the Lease with respect to a Equipment Schedule in any fiscal period after the period in which the term of the lease with respect to such Equipment Schedule commences, Lessee will immediately notify Lessor in writing of such occurrence and the Lessee's obligations under the Lease shall terminate on the last day of the fiscal period for which appropriations have been received or made without penalty or expense to Lessee, except as to (i) the portions of Rent for which funds shall have been budgeted and appropriated or are otherwise available and (ii) Lessee's other obligations and liabilities under the Lease relating to the period, or accruing or arising, prior to such termination. In the event of such termination, Lessee agrees to peaceably surrender possession of the Equipment to Lessor on the date of such termination in the manner set forth in the Lease and Lessor will have all legal and equitable rights and remedies to take possession of the Equipment. Notwithstanding the foregoing, Lessee agrees (i) that it will not cancel the Lease and the Lease shall not terminate under the provisions of this section if any funds are appropriated to it, or by it, for the acquisition, retention or operation of the Equipment or other equipmenforservices performing functions similar to the functions of the Equipment for the fiscal period in which such termination would have otherwise occurred or for the next succeeding fiscal period, and (ii) that it will not during the Lease term give priority in the application of funds'to'any other functionally similar equipment or to services performing functions similar to the functions of the Equipment. This section is not intended to permit Lessee to terminate the Lease in order to purchase, lease, rent or otherwise acquire the use of any other equipment or services peifom ing functions similar to the functions of the Equipment, and if the Lease terminates pursuant to this section, Lessee agrees that prior to'the end of the fiscal period immediately following the fiscal period in which such termination occurs, it will not so purchase, lease, rent or otherwise, acquire the use of any such other equipment or services. 20. Binding Effect: Successors and Assigns. This lease and inure to the benefit of Lessor and Lessee and their respective Lessee contained in this Lease or in any document delivered delivery of this Lease and the expiration or other termination of th 21. Notices. Any notice, request or other communicationto ell only upon the earlier of receipt or three days after mailing if maik at the address for such party set forth in this agreement or at su either party. 22. Goveming Law. This Lease and each Equipment Scheduh laws of the State where Lessee's principal administrative offices slate. 23. Severabllity. In the event any or reason be prohibited or unenforceable in prohibition or unenforceability without inv shall not invalidate or render unenforceat 24. Signed Counterparts. The parties ; signature page to this Lease by,fsx, ema any failure to deliver the original rnanui� enforceability or binding effect of this Le Lease bearing the stamped or manually ratifies all of the terms of this Lease/Agree 25. Article 2A. i To the fullest extent F 508 through 2A-522 of Article 2A of the that such riaht orremedv is excres'sly ar and rider hereto shall . be binding upon and shall assigns. All agreements'` and representations of 'action herewith shall survive the execution and the other shall be given'.m writing and shall be deemed received repaid by regular mail to Lessor or Lessee, as the case may be, address as may be subsequently submitted by written notice of be governed by and construed in accordance with the iving effect to the conflicts of laws principles of such of this Lease or any Equipment Schedule or rider hereto shall for any wision'shall, as to such jurisdiction, be ineffective to the extent of such ,ions hereof, any such prohibition or unenforceability in any jurisdiction e that this, Lease may be signed in counterparts, that delivery of an executed counterpart of the other electronic;means shall be as effective as delivery of a manually executed counterpart, and wecuted counterpart sent by fax, email or other electronic means shall not affect the validity, .Notwdhslandimg any other provision of this Lease, the sole original of this Lease shall be the :uted signature of the Lessor. The Lessee, by making any payment required under this Lease, by applicable law, Lessee waives any and all rights and remedies conferred by Sections 2A- Commercial Code in effect in the state designated in Section 22 above, except to the extent Lessee herein. 26. Statute of Limitations. ' Any action by Lessee against Lessor or Dealer for any breach or default under this Lease must be commenced within one year after the cause of action accrues': 27. Entire Agreement. This Lease'eno all Equipment Schedules and riders hereto constitute the entire agreement between Lessor and Lessee with respect to the subject maftee:hereof, and there are no agreements, representations, warranties, or understandings with respect to such subject matter except as expressly'set forth herein and therein. No alternation or modification of this Lease or any Equipment Schedule or rider hereto shall be effective `unless it is in writing and signed by Lessor and Lessee. IN WITNESS WHEREOF. Lessor and Lessee have caused this Lease to be executed on the date first above written [LESSEE NAME - SAMPLE SET] as Lessee By: Print Name: Title: By: YAMAHA MOTOR FINANCE CORPORATION, U.S.A. as Lessor Print Name: JEFF YOUNG Title: PRESIDENT Page 4 of 4 MLSE 0906 YAMAHA MOTOR FINANCE CORPORATION, U.S.A.("Yamaha") 6555 Katella Avenue, Cypress, CA 90630 (800) 551-2994, Fax (714) 761-7363 E-MAIL: Donna_Hennessy@yamaha-motor.com NAME OF INSURANCE AGENT: March 10, 2016 ADDRESS: PHONE: FAX: RE: The Customer has leased or will be leasing equipment from The Customer is required to provide Yamaha with the "All Risk" Property Insurance covering the property amount not less than the full replacement cost of the successors and assigns named as LOSS PAYEE Public Liability Insurance naming Yamaha Motor 1 ADDITIONAL INSURED with the proceeds liability, if any. The amount of the Public Liability I combined single limit. Each policy shall provide tl non -renewal, (ii) it is prima policy, and (III) in no event of the policy or the Custorr A Certificate Y Attn: Commercial -1 6555 Katella Ave:.; Cypress, CA 90630 Your prompt attention will Equipment Covered: 15 YDRE AND 1 YT1 E GOLF CARS Equipment Location: 123 MAIN ST. Please Reference our Quote# 123456 Account# r interest, in an U.S.A., its its successors and assigns as an he behalf of Yamaha to the extent of its A be less than $1,000,000.00 an thirty (30) days prior written notice of cancellation or covering Yamaha shall be secondary or excess of the nst Yamaha or its assigns for any violation of any term Very Truly Yours, ABC GOLF (Customer) By: (Signature of Authorized Officer) LOS OSOS, CA 90210 Title: CITY OF OWASSO OPGA PAYROLL PAYMENT REPORT PAY PERIOD ENDING 07/11/26 Department Golf Shop Cart Operations Course Maintenance Food & Beverage Total Payroll Expenses 3,098.12 IRK.T.101, 39,653.37 9,295.07 Golf Course Administration 7,236.83 Total OPGA $ 74,572.33 CITY OF OWASSO OWASSO PUBLIC GOLF AUTHORITY FISCAL YEAR 2025-2026 Budgetary Basis Statement of Revenues & Expenses As of June 30, 2026 OPERATING REVENUES: Golf shop fees Cart Rental Food & beverage COS -- food & beverage Merchandise sales COS -- merchandise TOTAL OPERATING REVENUES OPERATING EXPENSES: Golf Shop Cart Operations Golf Course Maintenance Food & Beverage Golf Administration Capital Outlay TOTAL OPERATING EXPENSES MONTH YEAR TO -DATE TO -DATE BUDGET $ 98,573 $ 1,111,692 $ 879,980 23,441 240,275 217,494 27,400 258,903 216,371 (11,685) (117,636) (103,289) 25,302 234,258 233,526 (27,926) (188,708) (189,440) $ 135,105 $ 1,538,784 $ 1,254,642 $ (24,638) (5,358) (101,562) (21,452) (26,520) (13,397) $ (192,927) $ (377,485) (183,785) (1,061,806) (228,710) (347,670) (27,097) $ (2,226,552) $ (390,368) (235,514) (1,232,102) (211,080) (329,412) (154,450) $ (2,552,924) OPERATING REVENUES OVER (UNDER) EXPENDITURES $ (57,822) $ (687,768) $ (1,298,282) NONOPERATING REVENUES (EXPENSES): Transfer from General Other revenues/(expenses) TOTAL NONOPERATING REVENUES (EXPENSES) NET INCOME (LOSS) ENCUMBRANCES OUTSTANDING $ 83,333 $ 1,000,000 $ 1,000,000 2,393 25,767 17,000 $ 85,727 $ 1,025,767 $ 1,017,000 $ 337,999 $ (281,282) $ 27,905 $ (54,532) FUND BALANCE (Budgetary Basis) Beginning Balance 409,052 409,052 Ending Balance $ 692,519 $ 127,770 PERCENT nF RI If1C;Fr 126.33% 1 10.47% 119.66% 113.89% 100.31 % 99.61 % 122.65% 96.70% 78.04% 86.18% 108.35% 105.54% 17.54% 87.22% 100.00% 151.57% 100.86%