HomeMy WebLinkAboutBank of America NT & SA - 1974-09-09 r
PERSONAL PROPERTY LEASE SCHEDUMs
Schedule No;
A, EQUIPMENT LEASED: See attached schedule dated 8/22/74.
B. TERM: Unless s 5oner terminated as set forth in the I.-�aase, the
terns of this lease respecting each item of equipment: listed on:
this s.:hedi.`Ie expires
C. REIN: Rental shall be paid in installments as follows:
four equal successive „Annual
(Number of Installments) tMonthly,Quarterly,Semi.-Aniiva!,Annual.)
installments of Seventy-seven thousand one hundred ninety-two and 9$/100--dol.l.ars
commencing. veto a fi,�
D. LOCATION The above described equipment shall be located at 2000
Street. Huntin tong Beach and shall not be removed therefrom
without the prior written consent of Lessor.
E. DEPOSIT: $ 0- pursuant to Paragraph 14 of the Lease
of which this schedule is a part.
F. SPECIAL CONDITIONS:
1. OPTION TO PURCHASE
EITHER.:
y (a) Lessee shall have and is granted, p ovided, it is
not in default hereunder, an option, exercisable at any
time, to purchase the leased property in an "as is"
condition upon payment of all unpaid rentals due and to
become due less that portion of the rentrtls representing
unearned interest at the lease rate from the date of
payment to the egad of the lease.
OR:
(b) Lessee shall have and is granted, provided it is not
in defaults hereunder, an option to purchase the leased
Page 1 of 2'
e_ 8 22/74
WY OF NUHTINGTON BEACH
DATA PROCESSING tQU IPMENT SCHEDULE
Vestal
uantity Description of Equiement_�_ Serial Number_ List P Ice
l Memory Base B2502 11419025 69,360
1 Central Processor B2502 19146273
l Central Control B2502 19170786
1. Dlsk Control 82373 19180181 9e600
1 Mag. Taped Cti 02381-1 11423449 9:600
Spo. Control 83340 16384422 3D6o0
1 Punch Control B2212 11423498 24003
1 Reader Control B2110 11423183 2: 404,
1 Printer Control 82242 11424108 30600
4 30K Memory Stacks 820DO 11418635 200 4009
1 Line Printer 89242-1 16303265 48,000
I Card Punch � 89212 109011111 2o,64o
1 Card .Reader B9l 11 16301251 16,250
1 Hag. Taps Cluster 09381-2 11230919 43b2OO
l Disk Elect. knit B9371-12 11447208 31,200
2 Disk S.U. 69374-°7 IIA40245 93r600
1 Sup. Printer 69340 i BMW 2A409
1 Standing Level C,jnso 1 k. 8274o-d; 1209
I Floating Point B2730 20 k
2 Type A 170 Channel D27)d 2 j,1b0 0
1 Addt'l 12. Print Pos. 89g41 2p0N
1+0 Data Set t,,.adem TE-1200 gym !
4 Display Unit T0701 tE0040
4 Alphanumeric type display TDOII i# 4
4 Asynch. Comm. Interface TDO�l $12
4 Roll 6 Select: TDO32 10620
4 Cable TD04.1 14o
4 Cable TD043 140
4 Edit Package TDO51 320
4 Exp. Memory TiDO52 2,000
2 Type b 1/0 Channel 02711 6,800
1 Mufti-Line Control B2353 17,760
1 wtne Adapter Direct 82663-1 10920
1 Line Adapter Modem Connect 82665`5 29400
1 NCR 260-1 Therml Printer IJ60
1 Line Adapter for Thermal 02652-1 Il440
Printer
I Redactron Typewriter TWX- 9a
Telex with Data Set
1 6: Zhanne i Multi-line Exts.nder i32354 52
TOTAL:
I
qW
proper i;y in an "as is" condition for the price set
forth in the following schedule,
- on
October 5 1975 for $ 2oi,657»02
October 5 x 76 for 131,084.17
for 7f ,a79
Ortcsber 5 > 197E for19
for � ._r__�_
19 for $
19 for
(Should a rental installment hereunder fall due on any
of the above dates then the purchase option amount is -`
in addition to the rental i1natallment then due,
2. If Lessee complies with all Lessee 's covenants under:
the Lease, and the Lease has not been terminated for
any reason before the full terra thereof, then all right, ,
title, and interest of Lessor in and to the Property
shall vest in, and the Property shall thereafter be
owned by lessee. Lessor covenants that it will, upon y,
demand thereafter execute to Lessee a bill of sale of
all Lessor's right, title and interest in .and to the �
Property a; evidence of that transfer of title
APPROVED AND AGREED TO this. 8th day ofc � 9.�1.,as Elf
schedule to that certain lease dated day of ctobe -, --.�, 0 v
19 74 by and between the parties hereto, and made a part hereof. ON m �
m
A Q ``
Bank or Ariieriza City of Huntington Beach
essor} (Lessee)
rAT4tlNA1. �w�.i'N2;'i� a0� GI.T10A�
y
T'( it ee) 1 ; fox
(Title) (Title'
( (SQL)
(Addres� d
PS-657 PPLS (3-74) Page 2 of 2 �"
t i
PLIRCIIASE AND 811PPLi KIMI-AC. RENTAL AGRI,"IM-Wr
WHEREAS, BANK OF AMI LICA NATLONAL TRUST A,D SAVINGS ASSCCYA-
TYON, hereinafter called BANK, has entered into or will enter into an
Equipment Lease Agreement with City of Hu� nt1 ngtg 3eee
hereinafter called LESSEE, whereby BANK
leases personal property to LESSEE; and
iv'HEREAS, LESSEE has been furnished with a copy of said Equip-
ment Lease Agreement, and thereby acknowledges having read the same; and
WHEREAS, LESSEE has requested or will request BANK to execute
Purchase Orders on its behalf whereby HANK wilt becomer obligated `o
purchase certain personal property to be leased toLESSEE pursuant to
the terms and conditions of said Equipment Lease Agreement;
! NOW THEREFORE, in consideration of the purchaae of said equip
mint, LESSEE does h�reby agree that in the event that it does .bane
sAid equipment, supplemental rent for eaa+oh item of equi,i;.,nent shall, begin
to accrue on the date funds for purchase .of; Paid equipment are advtnced
by SANK at a daily rate of per dollar cost, payable
monthly until execution of the lease ScEWole lserta,ining thereto.
LESSEE does hereby further agree that in the event that it
shall fail to 'Lease any of the equipment purchased as above set forth
pursuant to said lease agreement, LESSEE shall, upon demand of BA.NK:,
purchase 9Rid equipment from BANK for the amount of the purchases price
paid by BANK or for which BANK has obligated itself to pay and'any
other costs, or obli.ga ., : incurred by BANK in connection with said
purchase of equipment �tus rentals at the above rate from the date of
last supolemental rentAl payment to the date of purchase by LESSEE
from BANK.
Dated 8�t� th..�...�._. day rf__o..rtt?ty 19 Z1{.,•
Ctty of Hunt
j.Uton Beach
T.ESSEE
By
APPROVED AS TO �t3Rll
DON p4 13ONPA
City Attorney By
C 'ty Cl.or'k
P
L'011ty Oxt,y Attorney
PURCHASE ORDER
No.
TO• FROM:
Name and address of Lessor {supplier) Name and address of Lessee
u in Bank of America N�'&SP r..1 ty o H n_. gton Beach
I
18691 Main Street 00 Maio St,. Huntina-to --4'
(Street) treet) kL;ity
Huntington Beach, California _ 92646 of Orange County,California
(City) (State) (Zip)
Description of Property
See schedule attached
1. Cash price of property. $ 260,006.09
2. Sales Tax (payable at inception) . $ n above
3. Total •basic rental (1 plus 2) . $ 260,00o.00 .
4. Less rental paid herewith.
S. Net unpaid Basic rental (3 minus 4) . $ 6g.000.0
6. Interest on net unpai.d :rental. $ 48,771.92
7. Total unpaid rental (5 plus 6) . $ 308,771.92
-Please enter an order for the property described above, to be the subject
of a Lease Agreement for 48 months between the above-named Lessor and
Lessee. (total no. of mos.)
�
(SEAL) (Le
B
aFe 0�� 7,/s
('Title). M ,yor
r ram
By
(Title)City Clerk
Date October 8, 1974
PS-657 AOL (3-74)
}
TO: bank of America NT b< A REQUEST TO PURCHASE & PURCHASE ORDER
Mat_n andlIIs Branch
Office
r
Address
Hunting n Beach_ n2d4_b
City Zip
Gentlemen: The City of Huntington Beach requests that you as Lessor
purchase equipment of the type and quantity hereinafter described, from
the undersigned a
Description of Propert
See schedule attached.
1. Cash price of property' $ 260,000.00
2, Sales Tax (payable at inception) $ included in above
3. Total basic rental (l plus 2) $ 260,000.00
4, Less, rental paid herewith $ "0r
5. Net unpaid basic rental (3 minus 4) $ 269 00p.ag
6. Interest on net unpaid rental $ 48,771.92
7. Total unpaid rental (5 plus 6) $ 308,771.92
Equipment located at:
Street Address, 2000 Mein Street
City Huntington Beach County Orange State Calif.
Lessee agrees upon written acceptance hereof, by you as Lessor, to lease said
equipment from you on the terms and conditions of a lease to be executed by
and between yoi: as Lessor and the undersigned as Lessee.
Lessee agrees to hold Lessor harmless and bear all risks of loss of and► kind
of character that may occur prior Lo date of execution of lease, at which
time the provisions of thr- lease shall become applicable.
City of Huntington Beach
essee
000 M004in St. Huntington B
Dated• greet res
Vault[accepted;NN �t�Nm `ii 3 it�Ct 1 r'
v` tttICIAY I'F
AZZIPSTA Tc,v�rrart--- .l�i'i- —nt • e
City;Clerk
18/22/74
CITY OF HUN! fNGTON BEACH
DATA PROCESSING EQUIPMENT SCHEDULE
Totni
uantlt Description ofEquipmentSerias +�b�r, List Price
I Memory Base 82502 11419025 $ 69,360
i Centra' ,wrocessor B250= 19;46273
1 Central Control 82502 19170786
1 Disk Control B2373 19180181 9,600
i Mag. Tape Ctl 82381-1 11423449 9,600 �
1 Spo. Control 83340 16384422 3,600 �..
1 PL ;h Control B2212 1142349g 2,400
1 Reader Control 82110 11423183 20400 ti
1 Printer Control B2242 11424108 30600
4 30K Memory Stacks B2000 11418635 200,400 `
1 Line Printer 89242-1 16303265 48,000
1 Card Punch 89212 10901114 290640 i.
1 Card header 89111 16501251 16-s250 y'
1 fag. Tape Cluster B938 -2 1123091) 43,2.00 1
1 Disk Elect. Unit 89371-2 1/447200 $1 20.0
2 Disk S.U. B9374-7 '144024 3ofst#0 i
1 Sup. Printer 8.9340 i1384406 20640
I Standing Level Con s,v l e 02' 740=t 720
1 Floating Point 82730 2o40+0
2 Type A 1/0 Channel 82710 29,400
1 Addt'l 12 Print Pos. B9941 2A
10 Data Sett Modem TE-1200 4a1�0Q rl
4 0lsplay Unit T0701 116040
4 Alphanumdric type; display TD011 10844
4 Asynch, Comm. Interface TDOZI 812
4 Roll & Select TD032 1,620
4 Cable T0041 14o i
4 Cable TD043 140
4 Edit Package TDO51 320
4 EX-,,- Memory TD052 20000 a
2 Type: B 1/'0 Channel B2711 4e800
1 Multi-Line Control B2353 17064
1 Line Adapter Ilirect 92663-1 1►�2
1 Line Adapter Modem Conieect 62665-5 2 4g0
1 NCR 260-1 Thermal Printer 1 o �t
1 Line Adapter for Thermal 82652-1 @ y1l100
Printed
1 Redactron Typewriter TWX
Telex with Data Set
I 8-Channel Multi-lint, Extender V 354 �2
TOTAL. 6A,A49..
{
4
1
PERSONAL PROPERTY LEASE
THIS LEASE, made this 8th day of October , 19 74 ,
by and between Dank of America N.T. & S.A. hereinafter called
"Lessor" and C1tv of Hunrtngron Beach hereir ter called
'Lessee,
W'ITNESSETH.
For and in consideration of the mutual covenants and promises
hereinafter set forth, the parties hereto agree as follows:
1. LEASE. Lessor hereby leases to Lessee, and Lessee ne'reby
leases and hires from Lessor, all machinery, equipment and other
property described in (a) the schedule executed by the parties con-
currently herewith or hereafter and made a part hereof, and' (b) any
schedule or schedules hereafter executed by the parties hereto and
made a part hereof. All said machinery,, equipment and other' propertu
described in all said schedules is here° naftex collectively called
"equipment" and all said schedules are hereinafter collectively
called "schedule,`s
Z. TERM. The term of this lease respecting each item of
equipment commences upon whichever of the following dates is earlier;
(a) The date Lessor confirms to the seller of said
item of equipment the Lessee's purchase order
for said item or;
(b) The date said item of equipment is delivered
to Lessee.
The term of this lease ends on the date designated inn the schedule.
3. RENT. The rent for any and every item of equipment
described in the schedule shall be the amount designated. in the
schedule. Lessee shall. pay Lessor said rent in advance, iri the
amounts an-d at the times set forth in the schedulo,, at the office`
of Lessor, Plain s Mis Branch. 18691 Main St. ,, Huntinq&on $ggch.palif.
or to such other person or at such other place as Lessor may, from
time to time designate in writing.
4. USE. Lessee shall use the equipment in a csreiul and
proper manner and shall comply with and confo ;am to all rational,
state, municipal, police and other laws, ordinances and regulations
in anywise relating to the possession, use or maintenance of the
equipment, If at; any time during the term hereof Lessor supplies
Lessee with labels, plates ov other marking, stating that the equip-
ment is owned ty Lcwsor, Lessee shall affix and keep the same upon a
prominent place on the equipment.
5. LESSEE'S INSPECTION; CONCLUSIVE PRESUMPTIONS.' Lessee shall
inspect the equipment within forty-eight (48) hours after receipt
thereof. Unless any defect in or other proper objection to the equip-
ment, Lessee agrees that it shall be conclusively presumed, as between
Lessor and Lessee, that Lessee has fully inspected and acknowledged
that the equipment is in good condition and repair, and that Lessee
is satisfied with and has accepted the equipment in such good condition
and repair,
6. LESSOR'S INSPECTION. Lessor shall at any and all time
during .busizess hours have the right to enter into and upon the
premises where the equipment may be located for the purpose of
inspecting the same or observing its use. Lessee shall give Lessor
immediate notice of any attachment or other judicial process affecting
any item of equipment and shall, whenever requested by Lessor, advise
Lessor of the exact location of the equipment.
7. ALTERATIONS. Without the prior written consent of Lessor,
Lessee shall not malke any alteratiLn, additions or improvements to
the equipment. All additions and improvements ,f whatsoever kind or
nature made to the equipment shall belong to ,.end become the property
of Lessor upon the expiration, or earlier termination, of this lease.
8. REPAIRS. Lessee, at its own scat and expense, shall keep
the equipment in good repair, condition and working order and shall
furnish any and all parts, mechanisms and devices required to keep
the equipment in good mechaniral and working order.
9. LOSS AND DAMAGE. Lessee hereby assumes and shall bear
the entire risk of loss and damage to the equipment from any and
every cause whatsoever. No loss or damage to the equipment. or any
part thereof: shall impair any obligation of Lessee under this lease
which shall continue in full force and effect.
10. INSURANCE. Lessee shall keep the equipment insured
against all risks of loss or damage from every cause whatsoever for
not less than the full replacement value thereof as determined by
Lessor, and shall carry public liability and property damage insur-
ance covering the equipment. All said insurance shall be in form
and amount and with companies approved by Les.,or, and shall: `be in
the joint names of Lessor and Lessee, Lessen shall pay:the premiums
therefor and deliver said polities, or duplicates thereof, to Lessor,
Each insurer shall agree, by endorsement upon the policy or policies
issued by it or by independent instrument furnished to Lessor, that
it will give Lessor thirty (30) da.y5 written notice before the
policy in question shall be altered or canceled. The proceeds of
such ins%-ranc.o, at the option of Lessor, shall be applied (a) toward
the replacement, restr.�r.atiun or repair of the vqui.pmen,t or (h)
toward payment of thf� obligations of Lessee hereunder, Lessee hereby
Aft
77
`appoints Lessor as Lessee's attorney-in-fact to make claim for,
receive payment of, and execute and endorse all documents, checks
or drafts for, loss or damage under any said insurance policy.
11. FAXES. Lessee shall keep the equipment free and clear �
of all levies, liens and encumbrances and shall pay all license fees,
registration fees, assessments, charges and taxes (municipal, state
and federal) which may now or, hereafter be imposed upon the owner-
ship, leasing, renting, sale, possession or usa of the equipment,
excluding, however, ail takes on or measured by Lessor's income. '
12. LESSOR'S PAYMENT. In case of failure of Lessee to
procure or maintain said insurance r to pay said fees, assessments,
charges and taxes, all as hereinbefore specified, Lessor shall haves
the right, but shall not be obligated, to effect such insurance, or
pay said fee;, assessments charges and taxes, as the case may be.
In th°t event:, the cost thereof shall be repayable to Lessor with the
next installment of rent, and failure tQ repay the same shall carry
with it the same consequence, includingii.nterest at seven percent
(7%) per annum, as failure, to pay any installment of rent.
13 INDEMNITY. Lessee shall indemnify Lessor against, and
hard Lessor harmless from any and all claims, actions, suits,
proceeding, costs, expenses, damages and liabilities, including
attorneys fees, arising out of, connected with, or resulting from
the equipment, including without limitation the manufac,turej selc,.t~ioin,
delivery, possession, use, operation or return of the equipment,
14. SECURITY. As security for the prompt and full payment
of the rent, and the faithful and timely performance of all provisions
of this lease, and any extension or renewal thereof, on,its part to
be performed, ,Lessee has pledged and deposited with Lessor the amount
set forth in the schedule. In the event any default shall be, amade
in the performance of any of the covenants on the part of Lessee
herein contained with respect to any item or items 'of, equipment,
Lessor shall have the right, but shall not be obligated, toapply
said security to the curing of such default. Any such application
by Lessor shall not be a defense to any action by Lessor arising
out of said default and, upon demand, Lessee shall restore said
security to the full amount set forth in the schedule. Upon the
expiration, or earlier termination, of this lease, or any extensigp
or renewal thereof, provided Lessee has paid all of the, rent:: herein ,
called for kind fully performed all of the other provisions of this
.ease on its part to be perferme:d, Lessor will. return to Lessee any
then remaining balance of said security.
AM, Alk
15. DEFAULT. If Lessee does not pay any amount due or
to become die under the lease or defaults in the performance of
any of the terms and conditions hereof, all Lessee's rights here-
under are terminated and Lessor shall become entitled to possession
of the property and to retain all rentals Any past due payment of
rent shall. bear interest at the rate of seven and percent ( 7L-7.)
per annum, one quarter
16. CONCURRENT REMEDIES. No right or remedy herein con-
ferred upon or reserved to Lessor is exclusive of any other right;
or remedy herein or by law or equity provided or permitted; but
each shall be cumulative of every other right or remedy given here-
under or now or hereafter existing at law or in equity or by statute
or otherwise, and may be enforced concurrently therewith or from
p 4 t imc to time.
' 17 LESSOR'S EXPENSES, Lessee shall pay Lessor .all eosts,
and expenses, including attorney's fees, incurred by Lessor, in
exercising any of its rights or remedies ,hereunder or enforcing any
of the terms, conditions, or provisions hereof.
18 ASSIGNNENT. Without the: prior written consent of Lessor,
Lessee shall not (a) assign, transfer, pledge or hypothecate this
lease, the equipment or any part thereof, or any interest therein
or (b) sublet or lend the equipment or any part thereof, or permit
the equipment of any part thereof to be used by anyone other than
Lessee or Lessee 's employes. Consent to any of the foregoing pro-
hibited acts applies only in the given instance; and is not a`consent-.
to any subsequent like act by Lessee or any other person.
Subject always to t'l,e foregoing, this lease inures to the benefit of,
and is binding upon, the heirs, legatees, personal representatives,
successors and assigns of the parties hereto.
19 OWNERSHIP.. The equipment is, and shall at all times
be and remain the sole and exclusive property of Lessor, and the
Lessee shall have no right, title or interest therein or ; thereto
except as expressly set forth in this lease.
20, PERSONAL PROPERTY. The equipment is and shall ,at All ,
times be and remain, personal, property notwithstanding that the
equipment or any part thereof may now be, or hereafter become, in
any manner affixed or attached to or imbedded in, or permanently '
resting upon, real property or any building thereon, or Attached
in ant manner to what is permanent as by means of cement, plaster,
nails, bolt, screws or otherwise.
",a e
21. INTEREST. Should Lessee fail to pay any pazt of the
` rent herein reserved or any other suzr, required by Lessee to be paid
to Lessor, within ten (la) days after the due date thereof, Lessee
shall pay unto the Lessor interest on such delinquent payment from
the expiration of said ten (10) days until paid at the rate of
seven pew` ,nt: (7%) per annum.
22. PION-WAIVER. No covenant or condition of this lease
can be waived except by the written consent of Lessor. Forebearance
or indulgence by Lessor in any regard whatsoever shall not constitute
a waiver of the covenant or condition to be performed by Lessee to
which the same may apply, and, until complete performance by Lessee
of said covenant or condition, Lessor shall be entitled to invoke any
remedy available to Lessor under this lease or by lazy or in equity
despite said forebearance or indulgence.
23 ENTIRE .AGREEMENT. This instrument, including Request
to Purchase and Purchase Order, constitutes the entire agreement
between Lessor and Lessee, and it shall not be amended,: 'altered, .or
changed except by a written agreement signed by the parties hereto.
24. NOTICES. Service of all notices under thiq agreement
shall le sufficient if given personally or mailed to the party
involved at its respective' addrefs hereinafter set forth, or at such .
address as such party may provide in writing from time to time. Any
such notice mailed to such address shall be effective -When. deposited
in; the United States mail, duly addressed and with postage prepaid.
25. GENDER,,, NUMBER. Whenever the context of this lease
requires, the masculine gender includes the feminine or neuter,, and
the singular number includes the plural; and whenever the word
"Lessor" is used herein. it shall include all assignees of Lessor.
If there is more than one Lessee named in this Lease, the liability
of each shall be joint and several,
26. TITLES. The titles to the paragraphs of this lease: are
solely for the convenience of the parties, and are not an aid in ,the
interpretation of the instrument.
27. WARRANTIES. LESSEE ACKNOWLEDGES THAT THE EQTxPNE-NT IS OF
A SIZE., DESIGN, CAPACITY, AND MAk1UTACTURE SELECTED BY LESSEE, BANK, I
NOT A MANUFAC; -URER OF THE EQUIPMENT OR A DEALER IN A SIMILAR: EQUIP E=0
DOES NOT INSPECT THE EQUIPMENT PRIOR TO DELIVERY TO LESSEE AND HAS NOT
MADE AND DOES NOT MAKE ANY REPRESENTATION, WARRANTY, OR COVENANT, WITH
RESPECT TO THE CONDITION, QUALITY, DURABILITY, SUITABILITY, OP MERCHANT-
ABILITY OF TV , EQUIPMENT IN ANY RESPECT, OR. AWL OTHER RI VUSENTATI.ON,
WARRANTY OR COVENANT, EXPRESSED OR IMPLIED, BANK WILL, `HOW- 51T. ?,., TAXE ANY .
STEPS REASONABLY WITHIN ITS POWER TO MAla AVAILABLE TO LESSEE ANY
MANUFACTURER'S OR SIMILAR WARRANTY APPLICABLE TO THE FQUIPMBN`lrt. tANY
SHALL NOT BE LIABLE TO LESSEE FOR. ANY iLIADII.-ITY, LOSS, OR DA144GE_
'CAIUSED OR ALLEGED TO BE CAUSED DIRECTLY OR INDIRECTLY BY THE EQUIP ENT
BY ANY INADEQUACY THEREOF OR DEFICIENCY OR DEFECT THEREIN OR BY ANY
.INCIDENT 14HATSOEVER IN CONNECTION THEREWITH,
28. TIME. Time is of the essence in this lease and each and
all of its, provisions.
IN WITNESS WIFREOF, the parties hereto have executed these
presents the day and year first above written.
Sank s,f America N.T. 5.A, City.of Huntington Rea;
(Lessor) (Lessee) "
NATIONAL w�yrN o.� AS50C?AT! N
S STdNT .eR.MANAQVA
Title Title Mayor'
Byr'
Title , -- Title C3ty'Clerk
18691 Main St.A hunt 1gton Beach 200 a i��S . ,, F1Ltht.1-n9:t6n S a lb
(Address) (Address)
Approved for Legsee
Title
APPROM Ag To FORM
DON P..BO `A
Git� At�o�,�ay
(SLQL) (SEAL)
4
Deputy C1'ty'A'ttofte '
PS-6 7 f3-74
(POW)
Numn
SILL O SALE
E
The City of Huntington veach sells to the Bank of America N.T. s S.A. the following
data, processing equipment:
Quantity Description of_Equipij,.ant Serial Number
l Memory Base 11419q"S
1 Central Processor I9146273
1 Central Control 1,9170786
1 Disk Control 19150181
1 Mg. 'Tape Ctl 11423449
1 Spo. `. ntrol 16384422
P�:. -trol 11423498
i' key -01 €1423183
1 Printer , crol 114a4108
4 30K Memory Stacks a 418635
1 Line Printer 16303265
1 Card Punch 10901114
1 Card Reader 16301251
1 Mag. Tape Cluster 11.230919
1 Disk Elect. Unit 11447208
2 Disk S.U. 11440245
1 Sup. Printer 11384406
1 Standing Level Console
1 Floating Poj:it
2 Type A 1/0 C iahnel
1 Addt'l 12 Prknt Pos.
10 Data Set Modes
if Display Unit .
4 Alphanumeric type display
4 Asynch. Comm. Interface
4 Roll and Select
4 Gable
4 Cable
4 Edit Package
4 Exp. Memory
2 - Type B I/O, Channel
l Multi-Line Control
1 Line Adapter Direct
1 Line Adapter Modem Connect
1 NCR 260-1 Thennai Printer
i Line Adapter for 'Thermal ,Printed
l Redactron Typewriter Ttik-Telex'Data Set
1 8-Channal Multi-Line Extender
Sold this 8th day of October, 1974
City of�hjntington Reach
}
Title. Ivor
Title. City Clark'
" CITY CO '
RPT OF THE ACTION OF
Council Chamber, City Hall
Huntington Beach, California
Monday, 5eptember 9, 1974
Mayor Coen called the regular adjourned meeting of the
City Council of the City of Huntington Beach to order at 7:00 P.M.
Councilmen Present Shipley, Bartlett,- Gibbs, Matney, Wieder, Coen
Councilmen Absent: Duke
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CONSENT CALENDAR - (ITEMS APPROVED)
On motion by Coen, the .following items were approved as recommended by the following
roll 'call vote:
AYES: Shipley, Bartlett, Gibbs, Matney, Wieder, Coen
NOES: None
ABSENT: Duke
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LEASE - DATA PROCESSING UPDATE - BANK OF AMERICA - APPROVED Approved a Tease between
the City and Bank of America for all computer equipment; approved expenditure from
existing budget to add necessary equipment to existing system and authorized the;
Mayor and ( ty Clerk to execute same on beh;, f of the City.
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On motion by _Coen the regular adjourned meeting of the
City Council of the City of Huntington Beach adjourned at 10:00 A.M.
to September 16, 1974 at 5:30 in the Council Chamber.
The motion was passed by the following vote:
AYES: Councilmen: Shipley, Bartlett,_Gibbs, Matneu, Wieder, Duke, Coen
NOES: Councilmen: None
ABSENT: Councilmen: None
Alicia M, 'Wentwox 1,
City Clerk and ex-officio Clerk
of the City Council of the City
ATTEST: of Huntington Beach, California
Alicia M. Wentworth Alvin M. Coen
City Clerk Mayor
STATE OF CA11VOMIA
County of Orange 7 ss:
City of Huntington Beach
1, ALICIA'M. WENTWORTH, the dilly elected, qualified and acting City Clerk of the City of
Huntington Beach, California, do hereby certify that the above and foregoing is a true
and correct Excerpt of Action PE the City Council of said City at their regular
adjourned meeting held on. the 9th day of __September , 1974
WITNESS my hand and sea) of the said City of Huntington Beach this the 8th day of
October 1974
Alicia M. Wentworth.
Oity Clerk and ex-officio Clerk
of the City Council of the City
of Huntington Be ;ch) Ca'lifornn.i,,.a-
'
BY,
Deputy
AOL
COUNCIL - ADMINISTRATOR COMMUNICATION
HUNTINGTON BEACH
To - Honorable Mayor and From City Administrator
City Council Members
Subject DATA, PROCESSING UPDATE Date- September 4, 1974
In June, 1974, a tentative position order was placed with Burroughs
Corp. to add 30,000 bytes of core memory and to update our computer
from a B2500- to a B2771. The order was placed with the understand-
ing that delivery would take place during the last week of August,
1974, if funds were available anO if we had approval of the City
Council.
This updating of our system is 'vital to t?i.e continued success of
our data processing program and specifically so as we approach the
September 16, 1.974, deadline at which time our po'_ice system will
become fully operational. The effect of this revision covers the
following points :
1. The update will allow us to continue multiprocessing.
2. It will permit us to enhance and maintain present speed as
regards creating, testing and debugging programs.
3. It will permit us to process our present jobs with a M to
40% 1,-euwtion of total :imc. This factor is critical because
it v'i3.:1 pFe—rind t• its ' o process more jobs as, the need arises and,
a- you Isnow, we ?„e e.onst antly being pressured to do more
tilin,gs for mor,. peorrl in an ever increasing variety of tasks
and in a more sophistir;st-rd environment.
4. Will 'lessen interrupts and time-out situation as regards the
police and fire systet.! which will enhance that operation by
lessening the respopse time which is vital and critical to
that type of on-line satety operation.
5. Provides other benefits which, in an overall view, enhance our
possibilities 'of maintaining our proper level of sophistication,
efficiency, dependability (both softwaro and hardware) and
moves us closer to a position whore we can effectively respond
to all user demands wnd requests .
The one—time cost to accomplish this is $51959' and we feed it is
a well justified investment'. - Without this revision in equipment,
our total system will be degraded and we will find it diffict.tlt to
meet our normal processing :requirements and will drastically
curtail our efforts to respond to new requests for automated sexvice
support,
r
r
AMkl
CA 74-89
Data Processing Update 2- September 4, 1974
As you know, we used City funds to pay off Burroughs Corp. to
avoid the necessity of paying property taxes and have been. working
with Bank of :America to take over the equipment and lease back to
the City. This agreement is now nearly ready (we are awaiting .final
confirmation from the Bank of America) and the result of all this
will be as follows
1 The interim loan from. Civic Improvement funds will be .repaid
permitting the $260,000 to be invested (currently at 111j% rate)
which would mean a possible $134,698 in income over a 4 year
period.
2. During the four year period we would avoid paying $24,000 in
property taxes.
3 Since we would not be making a payment on the Bank of America
lease until September, 1975,, we could update our equipment
from our current budget and still reduce our current budget
by $39,969. (In current budget we have $71,928 for 'computer
payment - $71,928 minus $31,959 $39969) .
4. Interest paid to Bank of America in four years will be $47,000
on the $260,000 lease.
5. A reorganization in data processing division in Finance made
possible by resignation of a 'systems analyst will allow us to
save $7,000 per year which, in itself, would pay for the
requested update in 4, years:
6. Buying now, based on our June order, will mean avoiding an
8-10% i-licrease effective July 1, 1974, on requested update.
7. By switching leaseholder from Burroughs to Bank of America
the City can save, in a four year period, $151,541 net and at
the very, worst can still save $17,000.
HCOMMENDATION
I would, therefore,, earizestly request that we have City Council
authorize the signing ok the lease with Bank of America and to
approve expenditure from existing budget to add Vie needed equipment.
Respectfully submitted,
David Rowlands'
City Administrator
DDRreh
"i
CA 74-89
Data Processing Update -2- September 4, 1974
As you known we used City funds to pay off Burroughs Corp. to
avoid the necessity of paying property taxes and have been working
with Bank of America to take over the equipment and lease back to
the City. this agreement is now nearly ready (we are awaiting final
confirmation from the Bank of America) and the result of all th0 s
will be as follows:
I. The interim loan from Civic Improvement funds will be repaid
permitting the $260,000 to be invested (currently at 114% rate)
which would mean a possible $134,698 in income over a 4 year
period.
2. during the four year permed we would avoid paying $24,000 in
property taxes.
3." Since we would not be making a payment on the Bank of America
lease until September, 1975, we could update our equipment
from our current budget and still reduce ,our current budget
by $39,969. (In current budget we have $71,928 for computer
payment --$71,928 minus $31,959 - $39,969) .
4. Interest paid to Bank of America in four years will be $47,000
an the $260,000 lease.
S. A reorganization in data processing division in Finance made
possible by resignation of a .systems analyst will allow us tos.
save $7,000 per year which, in itself., would pay for the
requested update in 4h years.
6. Buying now, based on our June order,' will mean avoiding an '
8-10% increase effective July 1, 1974, on requested update.
i
7'. By switching; leaseholder from Burroughs to Bank of America t
the City can save, in a four year period, $151,541 net and at
the very worst can still save $17,000.
RECOMMENDATION
F;
I would, therefore, earnestly request that we have City Council 4,
authorize the signing of the lease with Bank of America and to
approve expenditure from existing budget to add the needed equipment,
Ike spe4tfu11y submitted,
Davidr'k'lowlalids F,
City Administrator r
c,
DDR:eke
s