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CLOSING MEMORANDUM <br />$1,462,000.00 LEASE OF 911 SYSTEM UPGRADES AND INSTALLATIONS <br />PURSUANT TO THAT EQUIPMENT LEASE -PURCHASE AGREEMENT AND EQUIPMENT SCHEDULE THERETO <br />DATED JUNE 15, 2017 <br />BETWEEN CITY OF SANTA ANA, AS LESSEE, AND <br />HOLMAN CAPITAL CORPORATION, AS LESSOR <br />Pre-Closine: Pre -Closing will be held at the Lessee's convenience, on or before June 13, 2017. All documents <br />will be executed and two (2) blue ink originals will be overnighted to Holman Capital Corporation, 25201 Paseo de <br />Alicia, Suite 290, Laguna Hills, CA 92653, for delivery no later than 9:00 am on the morning of June 13, 2017 and <br />held in trust until such time as the wires and original documents are released by the Parties. <br />Closing: (1) By internal funds transfer and pending receipt of original, executed Lease Documents, on the morning <br />of June 15, 2017, the Investor is authorized by Lessee to transfer via internal credit the Total Equipment Cost (as <br />defined below) to Escrow Agent, pursuant to a general ledger credit to the Escrow Account as follows: <br />Bank Name: <br />Santa Cruz County Bank <br />ABA Number: <br />121143736 <br />Account Number: <br />13020064 <br />Account Name: <br />City of Santa Ana <br />(2) By wire transfer and pending receipt of original, executed Lease Documents, on the morning of <br />June 15, 2017, the Investor is authorized by Lessee to transfer via wire transfer the Issuance Costs (as defined below) <br />to Lessor, as follows: <br />Bank Name: <br />Community Business Bank <br />ABA Number: <br />121144191 <br />Account Number: <br />201008281 <br />Account Name: <br />Holman Capital Corporation <br />Holman Capital Corporation will confirm by e-mail receipt of funds and then the release of all original documents <br />held in trust, when such funds and/or documents are in the possession of each of the Parties. Upon confirmation by <br />Escrow Agent of the Lease Proceeds, Lessee will wire closing costs, legal fees and other amounts to the parties in <br />accordance with the invoices attached hereto. <br />Sources and Uses of Funds: <br />Principal Amount of Lease <br />TOTALSOURCES <br />Total Equipment Cost: <br />Issuance Costs: <br />TOTAL LEASE PROCEEDS <br />Attest: <br />CITY OF SANTA ANA <br />City Manager <br />$ 1,462,000.00 <br />$ 1,462,000.00 <br />$ 1,457,000.00 <br />$ 5,000.00 <br />$ 1,462,000.00 <br />