Loading...
HomeMy WebLinkAbout2026.09.01_OPGA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO PUBLIC GOLF AUTHORITY (OPGA) Council Chambers Old Central Building 109 North Birch, Owasso, OK Tuesday, September 1, 2026 - 6:00 PM NOTE: APPROPRIATE ACTION may include, but is not limited to: acknowledging, affirming, amending, approving, authorizing, awarding, denying, postponing, or tabling. R EC E l V r D 1. Call to Order- Chair Dr. Paul Loving 2. Roll Call AGENDA AUG 2 8 2026 DC- ri City Clerk's Office 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 - August 18, 2026 B. Approve claims 4. Consideration and appropriate action relating to items removed from the Consent Agenda 5. Consideration and appropriate action relating to the lease/purchase of golf car GPS units Cory Burd Staff recommends approving the Lease Agreement with PNC Bank for the lease/purchase of seventy- three PACE GPS units from EZGO of Horsham, Pennsylvania with monthly payments of $2,701.00, totaling $32,412.00 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 August 22, 2026 Monthly Budget Status Report - dated as of July 31, 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, at 1 1:30 am on Friday, Aug 8, 2026. eatherStewart, Deputy City Cler< 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@citvofowosso.com OWASSO PUBLIC GOLF AUTHORITY (OPGA) MINUTES OF REGULAR MEETING TUESDAY, AUGUST 18, 2026 The Owasso Public Golf Authority (OPGA) met in regular session on Tuesday, August 18, 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 4:30 pm on Thursday, August 13, 2026. 1. Call to Order - Chair Dr. Paul Loving called the meeting to order at 6:18 pm. 2. Roll Call - A quorum was declared present. Present Absent Chair -Dr. Paul Loving Trustee - Jamie Dunn Vice Chair- Dr. Chad Balthrop Trustee - Alvin Fruga Trustee - Cody Walter Staff: Authority Manager - Chris Garrett / Authority Attorney - Julie Lombardi 3. Consideration and appropriate action relating to the Consent Agenda. A. Approve minutes - August 4, 2026, and August 11, 2026, Regular Meetings B. Approve claims Mr. Walter moved, seconded by Mr. Fruga, to approve the Consent Agenda as presented, with claims totaling $59,952.90. YEA: Balthrop, Fruga, Walter, Loving NAY: None Motion carried: 4-0 4. Consideration and appropriate action relating to items removed from the Consent Agenda - None 5. 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 August 8, 2026 8. New Business - None 9. Adjournment Mr. Balthrop moved, seconded by Mr. Fruga, to adjourn the meeting. YEA: Balthrop, Fruga, Walter, Loving NAY: None Motion carried: 4-0 and the meeting adjourned at 6:19 pm. Dr. Paul Loving, Chair For Juliann M. Stevens, Authority Clerk Fund 55 OPGA OPGA -Total OPGA Grand Total Claims List - 09/01/26 Vendor Name Payable Description PaymentAmount YAMAHA GOLF CAR COMPANY CART REPAIR $820.62 CARTOPERATIONS -Total $820.62 AEPIPSO ELECTRIC $4,046.98 BWI COMPANIES INC FERTILIZER $9,926.85 BWI COMPANIES INC SEEDS $1,500.00 JPMORGAN CHASE BANK ACE-CHAINSAW REPAIR $50.00 JPMORGAN CHASE BANK AMAZWBATHROOM CLEANR $69.95 JPMORGAN CHASE BANK AMAIN -CLIPPING BUCKET $61.96 JPMORGAN CHASE BANK AMAZON -GLASS CLEANER $44.03 JPMORGAN CHASE BANK AMAZON -TRAIL CAM $114.30 JPMORGAN CHASE BANK AMERICAN-HYD HOSE RPR $29.53 JPMORGAN CHASE BANK CERT LABS -BULK OIL $3,177.50 JPMORGAN CHASE BANK FREEDOM -OIL REMOVAL $93.59 JPMORGAN CHASE BANK OREILLY-BELT $22.99 JPMORGAN CHASE BANK OREILLY-HEADLIGHTS $114.93 JPMORGAN CHASE BANK TIFCO-HARDWARE $1,334.47 P & K EQUIPMENT BLOWER $10,396.00 PROFESSIONAL TURF PRODUCTS, LP PARTS -GREEN ROLLER $216.43 UNIFIRST HOLDINGS LP ENVIRONMENT CHARGE $16.00 UNIFIRST HOLDINGS LP ENVIRONMENT CHARGE $16.12 UNIFIRST HOLDINGS LP JANITORIAL SERVICE $40.28 UNIFIRST HOLDINGS LP SHOP TOWEL SERVICE $58.04 UNIFIRST HOLDINGS LP UNIFORM SERVICE $50.78 COURSE MAINT -Total $31,380.73 JPMORGAN CHASE BANK COX -PHONE USAGE $7.99 FOOD & BEV -Total $7.99 AEP/PSO ELECTRIC $2,665.30 HOLLON FIRE PROTECTION FIRE SPRINKLER INSPEC $350.00 JPMORGAN CHASE BANK COX -PHONE USAGE $3.99 GOLF ADMIN -Total $3,019.29 JPMORGAN CHASE BANK COX -PHONE USAGE $11.98 GOLFSHOP -Total $11.98 BGR DAILY ACCT. PETTY CASH REIMB $4,444.72 TAYLOR MADE GOLF COMPANY LLC MERCHANDISE $284.10 OPGA -Total $4,728.82 1 $39,969.43 $39,969.43 sd REAL Paople •REAL Character •REAL Commenity TO: The Honorable Chair and Trustees Owasso Public Golf Authority (OPGA) FROM: Corey Burd, Bailey Ranch Golf Club - Director of Golf SUBJECT: Recommendation for Golf Car GPS Lease DATE: August 28, 2026 BACKGROUND: The GPS units that have been used in the Bailey Ranch Golf Club golf car fleets, have reached the point where replacement should be considered to maintain the level of service expected by our customers. GPS technology has become an essential component of the golf experience by providing accurate course information, improving pace of play, and creating additional opportunities for communication with golfers. Modern systems provide much more than distance measurements. Integrated GPS platforms now offer real-time course management, pace -of -play monitoring, food and beverage ordering, tournament scoring, and targeted messaging. Replacing the existing units will allow Bailey Ranch Golf Club to improve both the customer experience and daily operational efficiency. PROPOSAL PREPARATION: Staff evaluated available GPS technologies with an emphasis on customer experience, ease of use, operational capabilities, system reliability, integration with fleet management, and overall value. Particular attention was given to systems that provide control over where golf carts can be operated, specifically GEO fencing and "No Cart" zones. Requests for quotes were posted according to the City of Owasso policy. QUOTE ANALYSIS: The following quotes were received. Vendor Upfront Cost Monthly Annual Features EZGO Pace $ - $2,701.00 $32,412.00 GEO Fencing with Stop Control and Ads Tag Marshal $ 5,475.00 $3,036.70 $36,440.40 GEO Fencing with Stop Control and NO Ads Fairway IQ $ - $2,457.00 $29,494.00 GEO Fencing with No Stop Control, Ads, and ForeUp Integration After reviewing available GPS technologies, the EZGO's Pace system from Augusta, GA is the recommended option for Bailey Ranch Golf Club. GPS Page 2 Key advantages of the EZGO Pace system include: • Fully integrated vehicle and GPS technology. • Enhanced pace -of -play monitoring and fleet management. • Improved communication between staff and golfers. • Simplified software updates and technical support. • Touchscreen displays designed for ease of use. • Future compatibility with additional software applications and course management tools. • GEO Fencing and Stop Cart controls. The Pace platform also provides valuable operational data to help staff monitor cart utilization, identify traffic patterns, and improve course management decisions. These capabilities create opportunities to increase efficiency while enhancing the overall golf experience. LEASE CONTRACT: Under the terms of the lease, total payments over the 60 months will be $162,060.00 ($2,701.00 per month). FUNDING: The FY 2027 OPGA Budget includes funds to satisfy the terms of this lease. RECOMMENDATION: Staff recommends approving the Lease Agreement with PNC Bank for the lease/purchase of seventy-three PACE GPS units from EZGO of Horsham, Pennsylvania with monthly payments of $2,701.00, totaling $32,412.00 annually, contingent upon annual appropriations by the Authority, and authorization to execute all necessary documents. CO3 B PNC EQUIPMENT FINANCE Dated as of March 4, 2025 Lease Number SequenceNumber CustomefAddressUnel CustomerAddressUne2 CustometCity, CustomerState Customer Party_PostalCodeWRhoutExtension Dear Customer: Enclosed are the necessary documents needed to complete your lease transaction. Please review, sign and return the following: • Lease — Please have the Authorized Signor execute the documents and provide their title. • Certificate of Acceptance —At the point of delivery, fill out this forth and return the original to us. We will be unable to disburse funds until we receive this signed form. • Schedule of Payments — Please sign and provide the title of the signor. • Resolution -Certificate of Incumbency — List your Authorized Represenlafive(s) and their title(s) in the body of the Resolution. Have the Authorized Representatives provide their names, title and signatures(s) on the lines which appear under the Authorized Representative Signature Section near the bottom of the Resolution. Finally, have the Secretary or appropriate Trustee attest to the information of the Authorized Representative(s) by signing and printing his/her name, title and date on the last signature line provided. The person who validates the signature should not sign the Lease Agreement The Resolution must reflect the title(s) of the individual(s) who have authorization to sign the documents. • Insurance Request Form— Fill in your insurer's information and sign. Please contact your insurer, prior to delivery, to obtain a certificate of insurance. Please enclose the certificate with the signed documentation or have the Insurer fax the certificate directly to me. If you are tax exempt, please provide a copy of your Tax Exemption Certificate. • Above documentation can be emailed to Thank you for choosing PNC Bank, National Association for your financing needs. We appreciate your business. If I can be of assistance, please contact me at or If you have questions or need information on your contract In the future, you can call our customer service team at 500-559-2755 or email them at customercarep,leasew corn. Sincerely, Commercial Transaction Coordinator SE Welwme Letter — Muni FMV V20241002 Lease Agreement Dated as of March 4, 2025 Lease Number: SeguenceNumber Lessor: PNC Bank, National Association 655 Business Center Drive Horsham, Pennsylvania 19044 Lessee: LESSEE FULL LEGAL NAME FEDERAL TAX ID Customer_Party_PartyName Customer_Party_UniqueldentificationNumber CustomerAddressLinel CustomerAddressLine2 CustomerCity, CustomerState Customer_ Party_PostalCodeWthoutExtension Equipment Description: Quantity Description Serial No. ./Quantity ./AssetDescription ./SerialNumber ActiveLeaseAssets/item Pa ment Information Number of Payments: Rent Amount: Payable: Lease Term (in months): End of Lease Provision: NumberOfPayments $ Rent Due Date (to be inserted by ' CustomerTerminMonths + Applicable Taxes Lessor): months D FMV-Cars ❑ Rental ❑ PUT - ❑ Monthly ❑ FMV— Turf(Annual Hours ❑ Quarterly ❑ $1 om ❑See Schedule A for variable payment structure. Lessee shall pay Rent payments exclusively from legally available funds in'U.S. currency to Lessor in the amounts and on the dates set forth herein, without notice or demand. TERMS AND CONDITIONS 1. LEASE. Subject to the terms of this Lease, Lessee agrees to lease from Lessor the equipment (the "Equipment") described above when Lessor accepts this Lease. Lessee agrees to be bound by all the terms of this Lease. 2. DELIVERY AND ACCEPTANCE OF EQUIPMENT.: Acceptance of the Equipment occurs upon delivery. When Lessee receives the Equipment, Lessee agrees to inspect it and to verify bytelephone or in writing such information as Lessor may require. Delivery and installation costs are Lessee's responsibility. If Lessee signed a purchase contract for the Equipment, by signing this Lease Lessee assigns its rights, but none of its obligations under the purchase contract, to Lessor. 3. RENT. Lessee agrees to pay Lessor Rent (plus:applicable taxes) in the amount and frequency stated above. If Lessee's Rent payments are due in Advance, Lessee's first Rent payment is due on the date Lessee accepts the Equipment under the Lease. Lessor will advise Lessee as to (a) the due date of each Rent payment, and (b) the address to which Lessee must send payments. Rent is due whether or not Lessee receives an invoice from Lessor. Lessee will pay Lessor any required advance rent when Lessee signs this Lease. Lessee authorizes Lessor to change the Rent by not more than 15% due to changes in the Equipment configuration, which may occur prior to Lessor's acceptance of this Lease. Restrictive endorsements on checks Lessee sends to Lessor will not reduce Lessee's obligations to Lessor. Lessee hereby authorizes Lessor to insert a Due Date where applicable under this Lease once determined. NON -APPROPRIATION OF FUNDS. Lessee intends to remit all Rent and other payments to Lessor for the full Lease Term if funds are legally available. In the event Lessee is not granted an appropriation of funds at any time during the Lease Term for the Equipment subject to this Lease and operating funds are not otherwise available to Lessee to pay the Rent and other payments due and to become due under this Lease, and there is no other legal procedure or available funds by orwith which payment can be made to Lessor, and the non -appropriation did not result from an act or omission by Lessee, Lessee shall have the right to return the Equipment as provided herein and terminate this Lease on the last day of the fiscal period for which appropriations were received without penalty or expense to Lessee, except as the portion of Rent for which funds shall have been appropriated and budgeted. At least 30 days prior to the end of Lessee's fiscal year, Lessee's chief executive officer (or legal counsel) shall certify in writing that (a) funds have not been appropriated for the upcoming fiscal period, (b) such non -appropriation did not result from any act or failure to act by Lessee, and (c) Lessee has exhausted all funds legally available for the payment of Rent. 4. UNCONDITIONAL OBLIGATION. LESSEE AGREES THAT IT IS UNCONDITIONALLY OBLIGATED TO PAY ALL RENT AND ANY OTHER AMOUNTS DUE UNDER THIS LEASE IN ALL FISCAL YEARS IN WHICH FUNDS HAVE BEEN APPROPRIATED NO MATTER WHAT HAPPENS, EVEN IF THE EQUIPMENT IS DAMAGED OR DESTROYED, IF IT IS DEFECTIVE OR IF LESSEE HAS TEMPORARY OR PERMANENT LOSS OF ITS USE. LESSEE IS NOT ENTITLED TO ANY REDUCTION OR SET-OFF AGAINST RENT OR OTHER AMOUNTS DUE UNDER THIS LEASE FOR ANY REASON WHATSOEVER. SE Muni Short Form Lease Pkg FMV (Taxable $5(Xk under) V20250131 5. DISCLAIMER OF WARRANTIES. THE EQUIPMENT IS BEING LEASED TO LESSEE IN "AS IS" CONDITION. LESSEE AGREES THAT LESSOR HAS NOT MANUFACTURED THE EQUIPMENT AND THAT LESSEE HAS SELECTED THE EQUIPMENT BASED UPON LESSEE'S OWN JUDGMENT. LESSEE HAS NOT RELIED ON ANY STATEMENTS LESSOR OR ITS EMPLOYEES HAVE MADE. LESSOR HAS NOT MADE AND DOES NOT MAKE ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES WHATSOEVER, INCLUDING WITHOUT LIMITATION, THE EQUIPMENT'S MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, SUITABILITY, DESIGN, CONDITION, DURABILITY, OPERATION, QUALITY OF MATERIALS OR WORKMANSHIP, OR COMPLIANCE WITH SPECIFICATIONS OR APPLICABLE LAW. Lessee is aware of the name of the Equipment manufacturer. If the manufacturer has provided Lessor with a warranty, Lessor assigns its rights to such warranty to Lessee and Lessee may enforce all warranty rights directly against the manufacturer of the Equipment. Lessee agrees to settle any dispute regarding performance of the Equipment directly with the manufacturer of the Equipment. 6. TITLE AND SECURITY INTEREST. Unless otherwise required by the laws of the state where Lessee is located, Lessor shall have title to the Equipment during the Lease Term. 7. USE, MAINTENANCE AND REPAIR. Lessee will not move the Equipment from the Equipment Location without Lessor's advance written consent. Lessee will give Lessor reasonable access to the Equipment Location so that Lessor can check the Equipment's existence, condition and proper maintenance. Lessee will use the Equipment in the manner for which it was intended, as required by all applicable manuals and instructions, and keep it eligible for any manufacturer's certification and/or standard full -service maintenance contract. At Lessee's own cost and expense, Lessee will keep the Equipment in good repair, condition and working order, ordinary wear and tear excepted. Lessee will not make any permanent alterations to the Equipment and will remove any alterations or markings from the Equipment before returning to Lessor. 8. TAXES. Unless a proper exemption certificate is provided, applicable sales and use taxes will be added to the Rent. Lessee agrees to pay Lessor, when invoiced, all taxes (including any sales, use and personal property taxes), fines, interest and penalties relating to this Lease and the Equipment (excluding taxes based on Lessor's net income). Lessee agrees to file any required personal property tax returns and, if Lessor asks, Lessee will provide Lessor with proof of payment. Lessor does not have to contest any tax assessments. 9. INDEMNITY. Lessor is not responsible for any injuries, damages, penalties, claims; of losses, including legal expenses, incurred by Lessee or any other person caused by the transportation, installation, manufacture, selection, purchase, lease, ownership, possession, modification, maintenance, condition, operation, use, return or disposition of the Equipment. To the extent permitted by law, Lessee agrees to reimburse Lessor for and defend Lessor against any claims for such losses;' damages, penalties, claims, injuries, or expenses. This indemnity continues even after this Lease has expired, for acts or omissions that occurred during the Lease Term. 10. IDENTIFICATION. Lessee authorizes Lessor to insert or correct missing information on this Lease, including serial numbers and any other information describing the Equipment. 11. LOSS OR DAMAGE. Lessee is responsible for any loss of the Equipment from any cause at all, whether or not insured, from the time the Equipment is shipped to Lessee until it is returned to Lessor. If any item of Equipment is lost, stolen or damaged, Lessee will promptly notify Lessor of such event. Then, at Lessor's option, Lessee will either (a) repair the Equipment so that it is in good condition and working order, eligible for any manufacturer's certification, or (b) pay Lessor an amount equal to the Net Book Value (as defined herein) of the lost, stolen or damaged Equipment. If Lessee has satisfied their obligations herein, Lessor will forward to Lessee any insurance proceeds which Lessor receives for lost, damaged, or destroyed Equipment. If Lessee is in default, Lessor will apply any insurance proceeds Lessor receives to reduce Lessee's obligations pursuant to this Lease. 12. INSURANCE. Lessee agrees to (a) keep the Equipment fully insured against loss, naming Lessor as loss payee, and (b) obtain a general public liability insurance policy covering both personal injury'and property damage in amounts not less than Lessor may tell Lessee, naming Lessor as additional insured, until Lessee has met all their obligations under this Lease. Lessor is under no duty to tell Lessee if Lessee's insurance coverage is adequate. The policies'shall state that Lessor is to be notified of any proposed cancellation at least 30 days prior to the date set for cancellation. Upon Lessor's request, Lessee agrees to provide Lessor with evidence of insurance acceptable to Lessor. If Lessee does not provide Lessor with evidence of proper insurance within ten days of Lessor's request or Lessor receives notice of policy cancellation, Lessor may (but Lessor is not obligated to) obtain insurance on Lessor's interest in the Equipment at Lessee's expense. Lessee will payallinsurance premiums and related charges. 13. DEFAULT. Lessee will be in default under this Lease' if any of the following happens: (a) Lessor does not receive any Rent or other payment due under this Lease within ten days after -its due date, (b) Lessee fails to perform or observe any other promise or obligation in this Lease and does not correct the default within ten days after Lessor sends Lessee written notice of default, (c) any representation, warranty or statement Lessee has made in this Lease shall prove to have been false or misleading in any material respect, (d) any insurance carrier cancels or threatens to cancel any insurance on the Equipment, (a) the Equipment or any part of it is abused, illegally used, misused, lost, destroyed, or damaged beyond repair, (f) a petition is filed by or against Lessee under any bankruptcy or insolvency laws, or (g) Lessee defaults on any other agreement between it and Lessor (or Lessor's affiliates). 14. REMEDIES. Upon the occurrence of a default, Lessor may, in its sole discretion, do any or all of the following: (a) provide written notice to Lessee of default, (b) as liquidated damages for loss of a bargain and not as a penalty, declare due and payable, the present value of (i) any and all amounts which may be then due and payable by Lessee to Lessor under this Lease, plus (ii) all Rent payments remaining through the end of the then current fiscal year, discounted at the higher of 3% or the lowest rate allowed by law plus the Fair Market Value (as defined herein) of the Equipment (collectively, the "Net Book Value") and (c) require Lessee to immediately return the Equipment to Lessor. Lessor has the right to require Lessee to make the Equipment available to Lessor for repossession during reasonable business hours or Lessor may repossess the Equipment, so long as Lessor does not breach the peace in doing so, or Lessor may use legal process in compliance with applicable law pursuant to court order to have the Equipment repossessed. Lessee will not make any claims against Lessor or the Equipment for trespass, damage or any other reason. If Lessor takes possession of the Equipment Lessor may (a) sell or lease the Equipment at public or private sale or lease without notice, and/or (b) exercise such other rights as may be allowed by applicable law. Although Lessee agrees that Lessor has no obligation to sell the Equipment, if Lessor does sell the Equipment, Lessor will reduce the Net Book Value by the amounts Lessor receives. Lessee will immediately pay Lessor the remaining Net Book Value. Lessee agrees (a) to pay all of the costs Lessor incurs to enforce Lessor's rights against Lessee, including attorney's fees, and (b) that Lessor will retain all of Lessor's rights against Lessee even if Lessor does not choose to enforce them at the time of Lessee's default. Lessee acknowledges and agrees that the Equipment may contain GPS tracking capabilities and consent to the use by us of GPS tracking, and all information gathered therefrom, to locate the Equipment at any time if such Equipment is not returned by you in accordance with this Lease. Lessee further authorizes the manufacturer of the Equipment to share any GPS tracking information (including without limitation geolocation information) with us upon our request (which request should only be made by us upon a default, event of default and/or your failure to SE with the terms of this Lease). W0250131 15. LESSEE'S OPTION AT END OF LEASE. Notwithstanding anything contained in the Lease to the contrary, so long as no default shall have occurred and be continuing, Lessee may, at Lessee's option, purchase the Equipment leased pursuant to this Lease on an "as is, where is" basis, without representation or warranty, express or implied, at the end of the Lease Term at a price equal to the Fair Market Value thereof, plus applicable taxes. Fair Market Value shall be the retail in -place value of the Equipment as determined solely by Lessor. This purchase option as applicable shall only be available if Lessee gives Lessor 90 days' prior written notice of Lessee's irrevocable intent to exercise such option and Lessor and Lessee shall have agreed to all terms and conditions of such purchase prior to the expiration date of the Lease Term. Until the Equipment is returned as required below, all terms of the Lease shall remain in full force and effect including the obligation to pay Rent calculated on a monthly basis. 16. RETURN OF EQUIPMENT. If (a) default occurs, (b) a non -appropriation of funds occurs as provided herein, or (c) Lessee does not exercise its purchase option at the end of the Lease Term, Lessee will immediately return the Equipment to any location(s) in the continental United States and aboard any carriers(s) Lessor may designate. The Equipment must be properly packed for shipment in accordance with the manufacturer's recommendations or specifications, freight prepaid and insured, maintained in accordance with this Lease, and in "Average Saleable Condition." "Average Saleable Condition" means that all of the Equipment is immediately available for use by a third -party buyer, user or lessee, other than Lessee named in this Lease, without the need for any repair or refurbishment. Lessee will pay Lessor for any missing or defective parts or accessories. Lessee will continue to pay Rent calculated on a monthly basis until the Equipment is received and accepted by Lessor. 17. LESSEE'S REPRESENTATIONS AND WARRANTIES. Lessee hereby represents and warrants to Lessor that as of the date of this Lease, and throughout the Lease Term: (a) Lessee is the entity indicated in this Lease; (b) Lessee is a state or a fully constituted political subdivision or agency of the State in which Lessee is located; (c) Lessee is duly organized and existing under the constitution and laws of the state in which they are located; (d) Lessee is authorized to enter into and carry out Lessee's obligations under this Lease, any documents relative to the acquisition of the Equipment and any other documents required to be delivered in connection with this Lease (collectively, the "Documents"); (a) the Documents have been duly authorized, executed and delivered by Lessee in accordance with all applicable laws, rules, ordinances, and regulations, the Documents are valid, legal, binding agreements, enforceable in accordance with their terms and the person(s) signing the Documents have the authority to do so, are acting with the full authorization of Lessee's governing body, and hold the offices indicated below their signature, each of which are genuine; (f) the Equipment is essential to the immediate performance of a governmental or proprietary function by Lessee within the scope of Lessee's authority; (g) Lessee intends to use the Equipment for the entire Lease Term for such function and shall take all necessary action to include in Lessee's annual budget any:. funds required to fulfill Lessee's obligations for each fiscal year during the Lease Term; (h) Lessee has complied fully with all applicable law governing open meetings, public bidding and appropriations required in connection with this Lease and the acquisition of the Equipment; (i) Lessee's obligations to remit Rent under this Lease constitutes a current expense and not a debt under applicable state law and no provision of this Lease constitutes a pledge of Lessee's tax or general revenues, and any provision which is so constructed by a court of competent jurisdiction is void from the inception of this lease; and 0) all financial information Lessee has provided to Lessor is true and accurate and provides a good representation of Lessee's financial condition. 18. LESSEE'S PROMISES. In addition to the other provisions of this Lease, Lessee agrees that during the term of this Lease (a) Lessee will promptly notify Lessor in writing if it moves its principal office or changes its name or legal structure, (b) Lessee will provide to Lessor such financial information as may reasonably request from time to time, and (c) Lessee will take any action Lessor reasonably requests to protect Lessor's rights in the Equipment and to meet Lessee's obligations under this Lease. 19. ASSIGNMENT. LESSEE WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE, SUB -LEASE OR PART WITH POSSESSION OF THE EQUIPMENT OR FILE OR PERMIT A LIEN TO. BE FILED AGAINST THE EQUIPMENT. Lessee will not attach any of the Equipment to any real estate. 20. ASSIGNMENT BY LESSOR. This Lease, and the rights of Lessor hereunder and in and to the Equipment, may be assigned and reassigned in whole or in part to one or more assignees by Lessor or its assigns at any time without the necessity of obtaining the consent of Lessee Upon an assignment, Lessee agrees to make all payments as designated in the assignment, notwithstanding any claim, defense, setoff or counterclaim whatsoever (whether arising from a breach of this Lease or otherwise) that Lessee may from time to time have against Lessor or Lessor's assigns. 21. COLLECTION EXPENSES, OVERDUE PAYMENT. Lessee agrees that Lessor can, but does not have to, take on Lessee's behalf any action which Lessee fails to take as required by this Lease, and Lessor's expenses will be in addition to that of the Rent which Lessee owes Lessor. If Lessor receives any payment from Lessee after the due date, Lessee shall pay Lessor on demand as a late charge 5% of such overdue amount, limited, however, to the maximum amount allowed by law. 22. MISCELLANEOUS. This Lease contains the entire agreement and supersedes any conflicting provision of any equipment purchase order or any other agreement. TIME IS OF THE ESSENCE IN THIS LEASE. If a court finds any provision of Lease to be unenforceable, the remaining terms of this Lease shall remain in effect. THIS LEASE IS A "FINANCE LEASE" AS DEFINED IN ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE. Lessee authorizes Lessor (or Lessor's agent) to (a) obtain credit reports, (b) make such other credit inquires as Lessor may deem necessary, and (c) furnish payment history information to credit reporting agencies. To the extent permitted by law, Lessor may charge Lessee a fee of $250.00 to cover Lessor's documentation and investigation costs. 23. NOTICES. All of Lessee's written notices to Lessor must be sent by certified mail or recognized overnight delivery service, postage prepaid, to Lessor at Lessor's address stated in this Lease, or by facsimile transmission to Lessor's facsimile telephone number, with oral confirmation of receipt. All of Lessor's notices to Lessee may be sent first class mail, postage prepaid, to Lessee's address stated in this Lease. At any time after this Lease is signed, Lessee or Lessor may change an address or facsimile telephone number by giving notice to the other of the change. 24. ANTI -MONEY LAUNDERINGIINTERNATIONAL TRADE COMPLIANCE. Lessee represents, warrants and covenants to Lessor, as of the date of this Lease, the date of each advance of proceeds under the Lease, the date of any renewal, extension or modification of this Lease, and at all times until this Lease has been terminated and all amounts thereunder have been indefeasibly paid in full, that: (a) no Covered Entity (i) is a Sanctioned Person; (ii) has any of its assets in a Sanctioned Jurisdiction or in the possession, custody or control of a Sanctioned Person; (iii) does business in or with, or derives any of its operating income from investments in or transactions with, any Sanctioned Jurisdiction or Sanctioned Person; (b) the proceeds of this Lease will not be used to fund any unlawful activity; (c) the funds used to repay the Lease are not derived from any unlawful activity; (d) each Covered Entity is in compliance with, and no Covered Entity engages in any dealings or transactions prohibited by, any laws of the United States, including but not limited to any Anti -Terrorism Laws; and (a) no Equipment is or will become Embargoed Property Lessee covenants and agrees that (a) it shall immediately notify Lessor in writing upon the occurrence of a Reportable Compliance Event; and (b) if, at any time, any Equipment becomes Embargoed Property, in addition to all other rights and SE Muni Short Farm Lease Pkg FMV (Taxable 55001, under) V20250131 remedies available to Lessor, upon request by Lessor, Lessee shall provide substitute Equipment acceptable to Lessor that is not Embargoed Property. As used herein: "Anti -Terrorism Laws" means any laws relating to terrorism, trade sanctions programs and embargoes, imporl/export licensing, money laundering, or bribery, all as amended, supplemented or replaced from time to time; "Compliance Authority" means each and all of the (a) U.S. Treasury Department/Office of Foreign Assets Control, (b) U.S. Treasury Department/Financial Crimes Enforcement Network, (c) U.S. State Department/Directorate of Defense Trade Controls, (d) U.S. Commerce Department/Bureau of Industry and Security, (a) U.S. Internal Revenue Service, (f) U.S. Justice Department, and (g) U.S. Securities and Exchange Commission; "Covered Entity" means Lessee, its affiliates and subsidiaries, all other obligors, all owners of the foregoing, and all brokers or other agents of Lessee acting in any capacity in connection with this Lease; "Embargoed Property" means any property (a) in which a Sanctioned Person holds an interest; (b) beneficially owned, directly or indirectly, by a Sanctioned Person; (c) that is due to or from a Sanctioned Person; (d) that is located in a Sanctioned Jurisdiction; or (a) that would otherwise cause any actual or possible violation by Lessor of any applicable Anti -Terrorism Law if Lessor were to obtain an encumbrance on, lien on, pledge of or security interest in such property or provide services in consideration of such property; "Reportable Compliance Event" means (1) any Covered Entity becomes a Sanctioned Person, or is indicted, arraigned, investigated or custodially detained, or receives an inquiry from regulatory or law enforcement officials, in connection with any Anti -Terrorism Law or any predicate crime to any Anti -Terrorism Law, or self -discovers facts or circumstances implicating any aspect of its operations with the actual or possible violation of any Anti -Terrorism Law; (2) any Covered Entity engages in a transaction that has caused or may cause Lessor to be in violation of any Anti -Terrorism Laws, including a Covered Entity's use of any proceeds of the Lease to fund any operations in, finance any investments or activities in, or, make any payments to, directly or indirectly, a Sanctioned Jurisdiction or Sanctioned Person; or (3) any Equipment becomes Embargoed Property; "Sanctioned Jurisdiction" means a country subject to a sanctions program maintained by any Compliance Authority; and "Sanctioned Person" means any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person or entity, or subjectto any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any order or directive of any Compliance Authority or otherwise subject to, or specially designated under, any sanctions program maintained by any Compliance Authority. 25. USA PATRIOT ACT NOTICE. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each lessee that opens an account. What this means: when the Lessee opens an account, Lessor will ask for the business name, business address, taxpayer identifying number and other information that will allow the Lessor to identify Lessee, such as organizational documents. For some businesses and organizations, Lessor may also need to ask for identifying information and documentation relating to certain individuals associated with the business or organization. 26. WAIVERS. LESSOR AND LESSEE EACH AGREE TO WAIVE, AND TO TAKE ALL REQUIRED STEPS TO WAIVE, ALL RIGHTS TO A JURY TRIAL. To the extent Lessee is permitted by applicable law, Lessee waives all rights and remedies conferred upon a lessee by Article 2A (Sections 508-522) of the Uniform Commercial Code. To the extent Lessee is permitted by applicable law, Lessee waives any rights they now or later may have under any statute or otherwise which requires Lessor to sell or otherwise use any Equipment to reduce Lessor's damages, which requires Lessor to provide Lessee with notice of default, intent to accelerate amounts becoming due or acceleration of amounts becoming due, intent to sale the Equipment at a public or private sale, or which may otherwise limit or modify any of Lessor's rights or remedies. Lessor will not he liable for specific performance of this Lease or for any losses, damages, delay or failure to deliver Equipment. 27. IMPORTANT INFORMATION ABOUT PHONE CALLS. By providing telephone number(s) to Lessor, now or at any later time, Lessee authorizes Lessor and its affiliates and designees to contact Lessee regarding Lessee account(s) with Lessor or its affiliates, whether such accounts are Lessee individual accounts or business accounts for which Lessee is a contact, at such numbers using any means, including but not limited to placing calls using an automated dialing system to cell, VoIP or other wireless phone number, or leaving prerecorded messages or sending text messages, even if charges may be incurred for the calls or text messages. Lessee consents that any phone call with Lessor may be monitored or recorded by Lessor. IMPORTANT: READ BEFORE SIGNING. THE TERMS OF THIS LEASE SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE ENFORCEABLE. TERMS OR ORAL PROMISES WHICH ARE NOT CONTAINED IN THIS WRITTEN AGREEMENT MAY NOT BE LEGALLY ENFORCED. THE TERMS OF THIS LEASE MAY ONLY BE CHANGED BY ANOTHER WRITTEN AGREEMENT BETWEEN LESSEE AND LESSOR. LESSEE AGREES TO COMPLY WITH THE TERMS AND CONDITIONS OF THIS LEASE. LESSEE AGREES THAT THE EQUIPMENT WILL BE USED FOR BUSINESS PURPOSES ONLY AND NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES. LESSEE CERTIFIES THAT ALL THE INFORMATION GIVEN IN THIS LEASE AND LESSEE'S APPLICATION WAS CORRECT AND COMPLETE WHEN THIS LEASE WAS SIGNED. THIS LEASE IS NOT BINDING UPON LESSOR OR EFFECTIVE UNLESS AND UNTIL LESSOR EXECUTES THIS LEASE. THIS LEASE WILL BE GOVERNED BY THE LAWS OF THE STATE OF THE LESSEE. Lessor: PNC Bank, National Association Lessee: Customer_Party_PartyName 655 Business Center Drive CustomerAddressLinei CustomerAddressLine2 Horsham, PA 19044 CustomerCity, CustomerState Customer Partv PostalCodeWlthoutExtension Signature: X Signature: X Print Name: Print Name: Tige: Title; Date: Date: SE Muni Stan Fonn Lease Pkg FMV (Taxable $MM uiMer) V211250191 CERTIFICATE OF ACCEPTANCE Lease Number: SequenceNumber In compliance with the terms, conditions and provisions of Lease Agreement # SequenceNumber ("Lease") by and between the undersigned Customer Party PartyName ("Lessee") and PNC Bank, National Association ("Lessor"), Lessee hereby: 1. certifies and warrants that all Equipment described In the Lease referenced above ("Equipment") is delivered, inspected and fully installed, and operational as of the Acceptance Date as indicated below; 2. accepts all the Equipment for all purposes under the Lease and all attendant documents as of the date of return of this Certificate to Lessor ("Acceptance Date"); and 3. restates and reaffirms, as of such Acceptance Date, each of the representations, warranties and covenants heretofore given to Lessor in the Lease. Lessor is hereby authorized to insert serial numbers on the Lease. Lessee: Customer_Party_PartyName CustomerAddressLinel CustomerAddressLine2 CustomerCity, CustomerState Customer Party PostaiGodeWithoutExtension Signature: X Print Name: SE Muni short Form Lease Pkg FMV (Taxable $500k under) V20250131 SCHEDULE A Lease Number SequenceNumber This Schedule supplements and is hereby incorporated by reference as part of above referenced Lease # ("Lease") by and between Lessee and Lessor. Variable Pa ments Structure Numberwayments I @ f MonthlyPayment +Applicable Sales Tax Lessor: PNC Bank, National Association Lessee: Customer Party PartyName Signature: X Signature: X Print Name: Print Name: Title: Title: Date: Dale: SE Muni Short Form Lease Pkg FMV (Taxable $500k under) V2MW131 RESOLUTION AND CERTIFICATE OF INCUMBENCY Lease Number SecuenceNumber Lessee: Customer Party PartvName Amount: $ (Payment x Term) WHEREAS, Lessee, a body politic and corporate duly organized and existing as a political subdivision, municipal corporation or similar public entity of the State or Commonwealth ("State") is authorized by the laws of the State to purchase, acquire and lease certain equipment and other property for the benefit of the Lessee and its inhabitants and to enter into contracts with respect thereto; and WHEREAS, pursuant to applicable law, the governing body of the Lessee ("Governing Body") is authorized to acquire, dispose of and encumber real and personal property, including, without limitation, rights and interest in property, leases and easements necessary to the functions or operations of the Lessee. WHEREAS, the Governing Body hereby finds and determines that the execution of one or more Lease Agreements or lease schedules ("Leases") in the amount not exceeding the amount stated above for the purpose of acquiring the property ("Equipment") to be described in the Leases is appropriate and necessary to the functions and operations of the Lessee. WHEREAS, PNC Bank, National Association ("Lessor') shall act as Lessor under said Leases. NOW, THEREFORE, Be It Ordained by the Governing Body of the Lessee: Section 1. Either one of the OR reach an "Authorized Representative) acting on behalf of the Lessee, Is hereby authorized to negotiate, enter into, execute, and deliver one or more Leases in substantially the form set forth in the document presently before the Governing Body, which document is available for public inspection at the office of the Lessee. Each Authorized Representative acting on behalf of the Lessee is hereby authorized to negotiate, enter into, execute, and deliver such other documents relating to the Lease as the Authorized Representative deems necessary and appropriate. All other related contracts and agreements necessary and incidental to the Leases are hereby authorized. Section 2. By a written instrument signed by any Authorized Representative, said Authorized Representative may designate specifically identified officers or employees of the Lessee to execute and deliver agreements and documents relating to, the Leases on behalf of the Lessee. Section 3. The Lessee's obligations under the Leases shall be subject to annual appropriation or renewal by the Governing Body as set forth in each Lease and the Lessee's obligations under the Leases shall not constitute general obligations of the Lessee or indebtedness under the Constitution or laws of the Slate. Section 4. This resolution shall take effect immediately upon its adoption and; approval. NAMES AND TITLES OF AUTHORIZED REPRESENTATIVES: AUTHORIZED LEASE SIGNERS ONLY Name (prim) TNa tyi ADOPTED AND APPROVED as of the date signed below. Section 5. I, the undersigned Secretary/Clerk identified below, does hereby certify that I am the duly elected or appointed and acting Secretary/Clerk of the above Lessee, a political subdivision duly organized and existing under the laws of the State where Lessee is located, that I have the title stated below, and that, as of the date hereof, the individuals named above are the duly elected'or appointed officers of the Lessee holding the offices set forth opposite their respective names. The undersigned Secretary/Clerk of the above -named Lessee hereby certifies and attests that the undersigned has access to the official records of the Governing Body of the Lessee, that the foregoing resolutions were duly adopted by said Governing Body of the Lessee at a meeting of said Governing Body and that such resolutions have not been amended or altered and are in full force and effect on the date stated below. LESSEE: Customer Party PartvName Signature of Secretary/Clerk of Lessee Signature: x Print Name: SE Muni short Form Lease Pkg FMV (Taxable 5500k under) V20250131 February 4, 2025 Customer Party_PartyName CustomeroiddressLinel CustomerAddressLine2 CustomerCity, Customer5tate CuslomerPostaiGodeWithoulExtension Attn: Customer_PartyContact_FullName RE: Insurance Coverage Requirements for Equipment Financing Transaction between PNC Bank, National Association and CustomerParly_PartyName Under the terms of your Agreement # SequenceNumber, you are required to carry adequate insurance coverage on the financed equipment. If your Certificate of Insurance is not received, and your Agreement is $1,000,000 or less you will automatically be enrolled in our Equipment Protection Program underwritten by Great American. If yourAgreement is over $1,000,000 evidence of insurance is required prior to funding. Please forward this request to your insurance company, agent or broker as soon as possible and ask for the evidence of insurance to be sent to the address below. PNC Bank, National Association will have an Insurable Interest in the following equipment: Quantity Description Serial No. ./Quantity ./AsselDescription ./SerialNumber ActiveLeaseAssets/Item As a condition to entering Into the equipment financing transaction, PNC Bank, National Association requires the following at all times during the tens of the transaction: 1. All of the equipment must be insured for its full insurable value on a 100% replacement cost basis. The replacement cost must be listed on the Certificate of Insurance. 2. PNC Bank, National Association must be named as lender loss payee under a property insurance policy insuring all risks to the equipment, including fire, theft, and other customary coverage under an "extended coverage" endorsement. 3. For leases only, PNC Bank, National Association must receive evidence that a comprehensive general liability insurance policy is in place with a minimum coverage of $1,000,000. PNC Bank, National Association must be named as an additional insured under the liability policy. 4. Each property insurance policy must contain a lender's loss .payable clause, or special endorsement, in which the insurer agrees that any loss will be payable in accordance with the policy terms, notwithstanding any act or negligence of the insured. 5. Each policy must provide for 30 days' written notice to PNC Bank, National Association prior to any cancellation, non -renewal or amendment of the policy. The evidence of insurance can consist of a Certificate of Insurance form for this specific transaction or a blanket certificate for all equipment financed by PNC, Evidence of Insurance form, Memorandum of Insurance, binder for insurance, declarations page, or the actual policy and endorsements, in each case naming PNC Bank, National Association as follows: PNC Bank, National Association, and its successors and assigns, as lender loss payee Attn: Insurance Department 655 Business Center Drive, Suite 250 Horsham, PA 19044 When completed, the evidence of Insurance should be emailed to: SMEDocs@leaserv.com Lessee: Customer_Party_PartyName Signature: X Print Name: SE Insurance Letter (Lease) V2D24D626 PNC Bank, National Association ("PNC'), is required to collect and remit sales/use tax in the taxing jurisdiction where your equipment will be located. If you select that you are exempt by marking one of the checkboxes below, you must provide a valid exemption certificate. If you do not provide this certificate prior to the booking of your transaction, you will be responsible for sales tax on all accrued payments. • If tax has been remitted up front and financed into your lease payment, your account will not be marked sales tax exempt if you provide an exemption certificate after your transaction has been booked. If your tax is remitted on a monthly basis, your lease may be marked sales tax exempt for the remaining payments left to be invoiced if you provide a valid exemption certificate after your transaction has been booked. In the event we do not receive a valid sales tax exemption certificate prior to the date your lease commences, you will be charged sales/use tax. Personal property tax returns will be filed as required by local law. In the event that any tax abatements or special exemptions are available on the equipment you will be leasing from us, please notify us as soon as possible and forward the related documentation to us. This will ensure that your leased equipment will be reported correctly. Please indicate below if your lease is subject to tax or whether a valid exemption exists. Sales Tax ❑ 1 agree that my lease is subject to sales/use tax. ❑ 1 am exempt from sales/use tax and I have attached a completed exemption certificate to PNC. ❑ 1 am claiming a partial exemption from tax. I have attached a completed exemption certificate or other documented proof of this partial exemption. ❑ I agree that my business is subject to sales/use tax and I have attached a completed resale certificate. This certificate indicates that I will be responsible for collection and remittance of sales/use tax based on the subsequent re -rental of the property. If applicable to the tax rates in your state, are you outside the city limits or in an unincorporated area? ❑ Inside city limits ❑ Outside city limits ❑ Unincorporated area Property Tax ❑ I have a valid abatement or property tax exemption (documentation attached). ❑ Location: State Taxing District Additional comments: Lease Number SequenceNumber SE Tax Nobficafion V20240910 Lessee: Customer Party PartName Signature: X Print Name: Date: PLEASE COMPLETE AND SIGN FORM Lease # SequenceNumber Please provide the following information. By providing such information, you will enable us to ensure prompt payment of your vendor and the correct processing of your lease transaction. Thank you. Lessee Information Full Business Legal Name:: Customer_Party_CompanyName Federal Tax ID Number: Customer_Pany_Un iq ue I dentificati on N umber Preferred Method of Payment: Is a Purchase Order required on Invoices? ❑ YES ❑ NO PO Please enter your preferred method (MaiVEmail): • Mail - If you would like to receive vour Monthly Invoice by Mail. nlease nrovide this informatinn- Invoices should be directed to: Attention: Address: City: State: Zip: • Email - If you would like to receive your Monthly Invoice by Email, lease provide this information: Contact Name: Email: Contact Information In order to verify receipt of equipment and review terms and conditions of the lease, please provide contact information for one or more staff that can assist in this process. Contact 1: Email: Contact 2: Email: I hereby attest the above information is accurate. Signature Date X Email: PNC Bank, National Association 655 Business Center Drive, Suite 250 • Horsham, PA 19044 Questions? Call (800) 559-2755 SE Lease customer Info V20NO910 Additional State Provisions Rider This Rider is executed and delivered by the undersigned Lessor and the undersigned Lessee regarding the Lease Agreement No ("Lease's. If the Lessee is a state government agency or political subdivision of a state listed below, the additional provisions listed below for the respective state apply to the Lease as provided for below: State Additional Provisions Florida Notwithstanding anything contained in the Lease, the Lessor shall not have title to the Equipment as owner nor be granted a security interest to the extent such a grant or holding title violates Florida law. In addition, any insurance provisions naming Lessor as lender loss payee, loss payee, and/or additional insured shall not be applicable. Georgia Notwithstanding anything to the contrary contained in the Lease, the Lease Term commences on, and interest accrues from, the date this Lease is executed by you as set forth on your signature line below, and in accordance with applicable Georgia law, the initial term shall continue in effect until midnight on December 31 of the calendar year in which this Lease is executed. The Lease Term shall automatically renew for each succeeding calendar year for the remaining period of the stated Lease Term, unless you give notice to us by December 1 of a calendar year stating your intention not to renew this Lease for the period after December 31 of such calendar year. If you deliver such notice of nonrenewal of the Lease Term, this Lease shall terminate absolutely and without further obligation on your part, including any obligation to pay Rent payments for the period after termination, at the end of such calendar year. In the event that your governing body does not approve an appropriation of funds at any time during the Lease Term for the payment of Rent payments and other amounts (if any) due and to become due for the succeeding fiscal year during the Lease Term for the Equipment subject to this Lease, you shall have the right to return such Equipment in accordance with the terms hereof, and terminate this Lease on the last day of the fiscal year for which sufficient appropriations were received without penalty or expense to you, except as to the portion of Rent payments for which funds shall have been appropriated and budgeted. At least 15 days prior to the end of your fiscal year in which your governing body shall not have approved an appropriation of funds for the succeeding fiscal year, your chief finance or budgetary official shall certify in writing to us that funds have not been appropriated for the succeeding fiscal year. In addition, Lessee hereby agrees to complete, execute and deliver to Lessor with respect to the Lease, on the date of its execution and delivery, a Certificate of Compliance with Georgia Law in substantially.. the form attached to this Rider as the "Geor is Exhibit', Kansas Lessee hereby agrees to complete, execute and deliver to Lessor with respect to the Lease, on the date of its execution and delive , a Certificate of Compliance with Kansas Law in substantially the form attached to this Rider as the "Kansas Exhibit". New York NOT APPLICABLE FOR NEW YORK STATE GOVERNMENT ENTITIES. APPLICABLE FOR ALL OTHER GOVERNMENT ENTITIES IN NEW YORK. For purposes of Section 109-b(2)(f) of the General Municipal Law of the State of New York, Lessor and Lessee hereby agree that the Lease shall be deemed executory only to the extent of monies appropriated and available for the purpose of the Lease, and no liability on account thereof shall be incurred by Lessee beyond the amount of such monies. The Lease is not a general obligation of Lessee. Neither the full faith and credit nor the taxing power of Lessee are pledged to the payment of any amount due or to become due under the Lease. It is understood that neither the -Lease nor any representation by any public employee or officer creates any legal or moral obligation to appropriate or make monies available for the purpose of the Lease. In addition to Lessee's representations, warranties and covenants set forth in the Lease, Lessee hereby further represents to Lessor as follows: (a) the stated full Lease Term of the Lease does not exceed the "period of probable usefulness" prescribed by Section 11.00 of the Local Finance Law of the State of New York for the equipment, machinery or apparatus financed under the Lease; (b) the authorization for the issuance of obligations to finance the equipment, machinery or apparatus to be leased, acquired and financed under the Lease is not required by law to be subject to (i) a permissive or mandatory referendum, (ii) a supermajority vote of Lessee's governing board or (III) a referendum only if the obligations have a maturity not less than a specified minimum period; and (c) the amount ofunpaid periodic payments (excluding interest) proposed to be made under the Lease and those other installment purchase contracts entered into by Lessee pursuant to Section 109-b of the General Municipal Law of the State of New York, together with the amount of outstanding indebtedness, do not exceed 115 % of the limit prescribed by Section 104.00 of the Local Finance Law of the State of New York and the total amount of such payments (excluding interest) under the Lease and all suchother installment purchase contracts do not exceed 40% of such limit. Ohio NOT APPLICABLE FOR OHIO. STATE GOVERNMENT ENTITIES. APPLICABLE FOR ALL OTHER GOVERNMENT ENTITIES IN OHIO. Lessee hereby agrees to complete, execute, and deliver to Lessor with respect to the Lease, a Certificate of Adequate Resources in substantially the for attached to this Addendum as the "Ohio Exhibit". Texas Pursuant to Section 2270,002 of the Texas Government Code, Lessor hereby certifies that it does not boycott Israel and will not boycott Israel during the term of this Lease. PNC Bank, National Association ("Lessor') Authorized Signature Print Name ritle: 655 Business Center Drive Horsham, PA 19044 CUSTOMER NAME ("Lessee") Authorized Signature Print Name) CUSTOMER ADDRESS Additional Slate Provisions Rider - OH t Of i vzo22osot OHIO EXHISITTO ADDITIONAL STATE PROVISIONS RIDER CERTIFICATE OF ADEQUATE RESOURCES Lease Agreement No. The undersigned hereby certifies and represents, for and on behalf of Lessee, that (please check the appropriate box): Fj if Lessee is a county, municipal corporation, township or other special district, subdivision or taxing unit under the laws of the State of Ohio: (a) the undersigned is acting in the capacity of fiscal officer of such county, municipal corporation, township or other special district, subdivision or taxing unit; and (b) the amount required to meet the obligation under the Lease to which this Certificate relates in the fiscal year in which the Lease is made has been lawfully appropriated for such purpose and is in the treasury or in process of collection to the credit of an appropriate fund free from any previous encumbrances; or if Lessee is a school district under the laws of the State of Ohio: (a) the undersigned are acting in the capacity of treasurer of the board of education, president of the board of education and superintendent of the school district; and (b).the school district has in effect the authorization to levy taxes including the renewal or replacement of existing levies which, when combined with the estimated revenue from all other sources available to the school district at the time of this certification, are sufficient to provide the operating revenues necessary to enable the school district to maintain all personnel and programs for all the days set forth in its adopted school calendars for the current fiscal year, or the adopted school calendar of the preceding fiscal year if the board of education 'has fnot adopted a school calendar for the school year beginning on the first day of the current fiscal year, and for a number of days in succeeding' fiscal years equal to the number of days instruction was held or is scheduled for the current fiscal year for the full Lease Term. ` Dated as of this _ day of Authorized Signature: Printed Name:>' Title:....... Authorized Signature: :;..Printed Name:. Title Authorized Signature: -Printed Name: Title: This Cerifffcate MUST be executed I district if Lessee is a school district Ohio law and (2) the fiscal officer of which this Certificate relates..... urer'of the board of education and the superintendent of the school T a state of fiscal emergency declared as provided in applicable or taxing unit described above that is Lessee under the Lease to Additional Stale provisions Rider- OH 2 Of 2 W0220501 CITY OF OWASSO OPGA PAYROLL PAYMENT REPORT PAY PERIOD ENDING 08/22/26 Department Golf Shop Cart Operations Course Maintenance Food & Beverage Total Payroll Expenses $ 14,985.93 5,243.45 32.037.41 8,591.53 Golf Course Administration 7,236.83 Total OPWA $ 68,095.15 CITY OF OWASSO OWASSO PUBLIC GOLF AUTHORITY FISCAL YEAR 2026-2027 Budgetary Basis Statement of Revenues & Expenses As of July 31, 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 TOTAL OPERATING EXPENSES MONTH YEAR TO -DATE TO -DATE $ 96,618 19,887 28,311 (12,299) 26,066 (20,077) $ 138,507 $ (38,239) (18,650) (117,010) (29,652) (26,552) $ (230,104) $ 96,618 19,887 28,311 (12,299) 26,066 (20,077) $ 138,507 $ (38,239) (18,650) (117,010) (29,652) (26,552) $ (230,104) BUDGET $ 1,033,281 233,364 228,007 (110,277) 246,051 (196,741) $ 1,433,685 $ (402,018) (284,290) (1,382,455) (211,072) (355,109) $ (2,634,944) OPERATING REVENUES OVER (UNDER) EXPENDITURES $ (91,597) $ (91,597) $ (1,201,259) NONOPERATING REVENUES (EXPENSES): Transfer from General $ 80,833 $ 80,833 $ 970,000 Other revenues/(expenses) 3,029 3,029 18,000 TOTAL NONOPERATING REVENUES (EXPENSES): $ 83,862 $ 83,862 $ 988,000 NET INCOME (LOSS) ENCUMBRANCES OUTSTANDING $ (7,734) $ (7,734) $ (213,259) FUND BALANCE (Budgetary Basis) Beginning Balance 532,073 532,073 Ending Balance $ 524,339 $ 318,814 PERCENT OF BUDGET 9.35% 8.52% 12.42% 11.15% 10.59% 10.20% 9.66% 9.51 % 6.56% 8.46% 14.05% 7.48% 8.73% 8.33% 16.83% 8.49%