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98-635CouncilFile# \� — �o3s Green Sheet# �� \ _ `� �� Presented By Referred To RESOLUTION CITY OF SAINT PAUL, MINNESOTA l _ .,9 � 1 I Committee: Date 1 2 3 AUTHORIZING A LEASE-PURCHASE AGREEMENT FOR OPERATING EQUIPMENT AT THE RIVERCENTER 4 WHEREAS, the City of Saint Pau1, Minnesota (the 5 "City"), has solicited proposals for the tax-exempt lease- 6 purchase financing of operating equipment for the RiverCenter, 7 and Norwest Investment Services, Inc., has proposed the most 8 favorable terms; and 9 WHEREAS, a Governmental Lease-Purchase Master Agreement 10 (the "Lease-Purchase Agreement'�) by and between Norwest 11 Investment Services, Inc., as lessor (the "Lessor"), and the City 12 as lessee has been prepared and is be£ore this meeting; and 13 14 is 16 17 18 19 WHEREAS, in entering into the Lease-Purchase Agreement the City is exercising powers under its home rule charter and powers granted by Minnesota Statutes, Section 465.71; and WAEREAS, the Lease-Purchase Agreement is subject to annual non-appropriation, and the City has the right to terminate the Lease-Purchase Agreement at the end of any fiscal year during its term; and 20 W'rIEREAS, the Saint Paul Civic Center Authority will 21 provide moneys for making the payments on the Lease-Purchase 22 Agreement: 23 NOW, THERBFORE, BE IT RESOLVED by the Council of the 24 City of Saint Paul, Minnesota, as follows: 954851.2 FI (3 q�-�35 1 1. Lease-Purchase Agreement. The Lease-Purchase 2 Agreement is hereby approved in substantially the �orm submitted, 3 with such deletions, completions and changes therein as are 4 necessary and appropriate and approved by Bond Counsel. The 5 Mayor, Director, Office of Financial Services, and Chairman of 6 the Saint Paul Civic Center Authority are hereby authorized and 7 directed to execute the Lease-Purchase Agreement and such other 8 documents as are contemplated thereby or necessary in connection 9 therewith, including a Supplement to Master Lease and an Escrow 10 Agreement. il 2. Purpose. The Lease-Purchase Agreement shall 12 provide funds for the acquisition of operating equipment for the 13 RiverCenter (the "Project"). 14 3. Pre�avment; Purchase. The Lease-Purchase 15 Agreement shall be subject to prepayment at the option of the 16 City. At the expiration of the Lease-Purchase Agreemer.t aEter 17 its full term, the City shall have the optien to purchase the 18 Project for $1.00. 19 4. ReQistration; Transfer. The Treasurer of the City 20 is hereby appointed the registrar with respect to the Lease- 21 Purchase Agreement. The City will cause to be kept a register in 22 which the registrar shall provide for the registration of the 23 Lease-Purchase Agreement and the registration of transfers of the 24 Lease-Purchase Agreement. 25 The Lease-Purchase Agreement shall be registered in the 26 name of the payee on the books of the registrar initially and 27 when notice of any transfer or assignment is received. The City 28 and registrar may treat the registered owner of the Lease- 29 Pur.chase Agreement as the person exclusively entitled to exercise 30 all the rights and powers of the owner. 31 The registrar may require payment of a sum sufficient 32 to cover any tax or other governmental charge payable in 33 connection with the transfer of the Lease-Purchase Agreement. 34 5. Treatment of Registered Owner. The City and 35 registrar may treat the person in whose name the Lease-Purchase 36 Agreement is registered as the owner of the Lease-PUrchase 37 Agreement for the purpose of receiving payments thereon and for 38 all other purposes whatsoever, and neither the City nor the 39 registrar shall be affected by notice to the contrary. 40 6. No Funds: Arbitracxe. Until expended on the 41 Project, the proceeds of the Lease-Purchase Agreement shall be 42 held in the custody of the Lessor pursuant to an Escrow 43 Agreement. Payments on the Lease-Purchase Agreement shall be 44 made from annual appropriations, and moneys to make such payment 45 shall not be segregated in any special fund. Moneys to make 954851.2 Z °�g -L35 1 paymenCs on the Lease-PUrchase Agreement shall be provided by the 2 Saint Paul Civic Center Authority. 3 No portion of the proceeds of the Lease-Purchase 4 Agreement sha11 be used directly or indirectly to acquire higher 5 yielding investments or to replace funds which were used directly 6 or indirectly to acquire higher yielding investments, except (1) 7 for a reasonable temporary period until such proceeds are needed 8 for the purpose for which the Lease-Purchase Agreement is entered 9 into, and (2) in addition to the above in an amount not greater 10 than $100,000. To this effect, any proceeds of the Lease- 11 Purchase Agreement and any sums from time to time held in any 12 City or Saint Paul Civic Center Authority aocount which will be 13 used to make payments on the Lease-Purchase Agreement in excess 14 of amounts which under then-applicable federal arbitrage 15 regulations may be invested without regard as to yield shall not 16 be invested at a yield in excess of the applicable yield 17 restriations imposed by said arbitrage regulations on such 18 investments after taking into account any applicable "temporary 19 periods" or "minor portion'� made available under the federal 20 arbitrage regulations. In addition, the proceeds of the Lease- 21 Purchase Agreement and moneys used to make payments on the Lease- 22 Purchase Agreement shall not be invested in obligations or 23 deposits issued by, guaranteed by or insured by the United States 24 or any agency or instrumentality thereof if and to the extent 25 that such investment would cause the Lease-Purchase Agreement to 26 be "federally guaranteed" within the meaning of Section 149(b) of 27 the federal Internal Revenue Code of 1986, as amended (the 28 "Code"). 29 7. No General Obliaation Pledae: Initial 30 Apnrot�riation. The Lease-Purchase Agreement is not a general 31 obligation of the City but rather is payable from amounts to be 32 annually appropriated, and the full faith, credit and taxing 33 powers of the City shall not be and are not pledged. Payments on 34 the Lease-Purchase Agreement are due semiannually in arrears over 35 its fifteen-year term. No payments are due on the Lease-PUrchase 36 Agreement in 1998, but the City hereby makes an initial 37 appropriation for the portion of the Rent accruing through 38 December 31, 1998. 39 8. Records and Certificates The officers of the 40 City are hereby authorized and directed to prepare and furnish to 41 the Lessor, and to the attorneys approving the legality of the 42 Lease-Purchase Agreement, certified copies of all proceedings and 43 records of the City and Saint Paul Civic Center Authority 44 relating to the Lease-Purchase Agreement and to the financial 45 condition and affairs of the City, and such other affidavits, 46 certificates and information as are required to show the facts 47 relating to the legality and marketability of the Lease-Purchase 48 Agreement as the same appear from the books and records under 49 their custody and control or as otherwise known to them, and all 9saasi.2 3 �� -�3s F� 4 5 6 7 8 9 10 11 ia 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 9. Negative Covenants as to Use of Proceeds and Pro�ect. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement or to use the Project, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Lease-PUrchase Agreement to be a��private activity bond" within the meaning of Sections 1�3 and 141 through 150 of the Code. The City reasonably e�ects that no actions will be taken over the term of the Lease-Purchase Agreement that would cause it to be a private activity bond, and the average term of the Lease-Purchase Agreement is not longer than reasonably necessary for the governmental purpose of the Lease-Purchase Agreement. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement in such a manner as to cause the I.,ease-Purchase Agreement to be a"hedge bond" within the meaning of Section 149(g) of the Code. 10. Tax-Exempt Status of the Lease-Purchase Agreement; Rebate; Elections. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the in�.erest on the Lease-PUrchase Agreement, including without limitaCion requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Lease-Purchase Agreement, and the rebate of excess investment earnings to the United States. If any elections are available now or hereafter with respect to arbitrage or rebate matters relating to the Lease- Purchase Agreement, the Mayor, Clerk, Treasurer and Director, Office of Financial Services, or any of them, are hereby authorized and directed to make such elections as they deem necessary, appropriate or desirable in connection with the Lease- Purchase Agreement, and all such elections shall be, and shall be deemed and treated as, elections of the City. 37 11. No Desianation as Oualified Tax-Exempt Obligation. 38 The Lease-PUrchase Agreement, together with other obligations 39 �ssued by the City in 1998, exceeds in amount those which may be 40 qualified as "qualified tax-exempt obligations" within the 41 meaning of Section 265(b}(3) of the Code, and hence is not 42 designated for such purpose. 43 12. Saint Paul Civic Center Authoritv. The Lease- 44 Purchase Agreement shall be executed by the City only after 45 approval by the Saint Paul Civic Center Authority. 954851.2 d g _�35 1 13. Severabilitv. If any section, paragraph or 2 provision of this resolution shall be held to be invalid or 3 unenforceable for any reason, the invalidity or unenforceability 4 of such section, paragraph or provision shall not affect any of 5 the remaining provisions of this resolution. 6 14. Headinas. Headings in this resolution are 7 included for convenience of reference only and are not a part 8 hereof, and shall not limit or define the meaning of any 9 provision hereof. 4Rl��A� Adopted by Councii: Date S Adoption �ertified by Council Secretary u� Approved by May� D�te �� '�� a� ' B 954851.2 �j � o 0 � � c� c�..� 13 . GOV�RNMENTAL LEA3E - PURCHASE MASTER AGREEMENT Name and Address of Lessee: City of Saint Paul 15 West Kellogg Boulevard St Paul, Minnesota 551d2 Llssor. Norwest Investment Services, Inc. Northstar East Bnilding, 9th Ftoor 608 5econd Avtnue South Minaeapoliv, MN 55479-0146 i. . L ,. E ,t ASE. Lezwr het�by agas w tmeo ro Lacc�e� �nd Leua hercby agccs to Iwso 5vm Lnswr� fha Personel PropctY daaibed 'm a Suppioabnt « $�� t{�B A5�0� t.0.15i $OID 11mC 40 ti4le Sl� �' LOAWI.Md 32l7G YPW 4LC SCtInB md WIX�t0t18 86R {Of�1 LI ib! 701� $YpplCDtot �911Cb P�oDMY �G�tvrith nll «pluccmcate. ropaks aotl adffitiom inwrporctcdfMxcia aa�xedt6ede being a&eredm 6rron as "FquipmecY' ),ILe leate af ftu Ftane dceaibad ie a pmtioulaz Supptem�=hsU bc consi+lerod a sepreate imx puraumtm the aama �'the MaAor Lawe and Uro Snppiemeut the aeme m if a tiogle kese nBe�m� �mhaini � ta . tms hadlnxn cosumd eovocit� auelt itomc Fho axeautioe by Lma oFmdi Supplcmwt+Lstl wide�uo s dotCJ01411eL0A bS't{l0 LC95�d n111 G1C ..y�..�.....+.. cOVC[ad �W1BbY IS 068NU9I l0 1m PIOPC[ C�RCy! ppd CCOOOIDIC OQOfYStOIl itMl alSITl5 tC M4Y 14to tLs2 SaPPlomoet forihe nnluiaition ofthat EquiptnaM uadetUxtmas h�rmE tluttice £quiynant is aecasatyfotfhe govaameotal fumtiww af Lweeo. nnd that i.e�or'v neitherthe mnnufac4+rer rta a dtakr or mc+rbmt of Aaid Fquipmmt but hes agad m provide tLe fundiag fw aad on babalf of LO#ee �r t6e aequisttioe ofsaid Equipmwt undafLe icrme harooff att5o sAeoiGorwuet ofIemee 2. DELIVSRY ANb ACCEPTANC& Lessu wi11 evidmce ile aae(�fan�e eY1hn Enuipmmt by exeMmg md dclivotipg W LesTw a Delivay md RecmPwnce Ce�cua (6erem so rnlkd} iv nc�Soim W ba providad by Issm. 3.'IERM. Tkotazm oftpis Leua wif6 r�spcot m�cb irem ofF.quipmeu sfiail bePjn on Yhe dmee ik a aoxper� yy L�aem and s6ai1 wnrinue Hom fia mM eommaaemmt dme a6owv in We retated Suppltmeac udas eorliatc=rninated aQ providod Larein. 7'ha nrt aanmaeoemen[ dete ia fhe Anxpmp�z � as rcco[dcd unUu Auaptuca Ca�tifieote. 4. REN'1'. Lceece ahatl pry as buio reot forfhe 1i�L ecim ofthis Leasetta ama�aishwvn 3n t6c+etettod Suppirmeness Total Rent, aad aP�ar of eao6 rmt pnymert is poid as. �drep'nmistbc paymcnt of iotaraR. sadFx6ibit "A' aitachedto flw related SuPPlm�mt sattfottb tlm iotaat campmad of esd� rcrt 1�Y�t �tringt6u twm. The Totai Reotslmlt bc pnyuWa in inudimoak moh inihe athwnt ePlhc h�cradai Qaymeut sot foCth ut t� rolated Suppiemmt plueaqyapplioa6lesNamduactn,cshcrroaLavsoeebatlW+YteotlaimWlmmuacahowqinWeReTaDedSuppleroeW. ExaPtmaP��7P'O`�d�� 5naion 5 hereo� thc mWat paymaMa wal be aLSOluk and anwod'diaoai in all evanh and will �wt bc subjcet m nny aeeo� defoaae. wuetu olaim or raeu�neot £or my ccsavp wAaRwuvet. Le�coa roew�bly beLevea thetfimd� ean 6e obisivad suffioi�tPn make a11 reotpaYcnn��s duriagtlw2eem offhe Isase andlx�eby coveoawetyot its Maya aed sf&6will do Wlthing inwfullywithin ite poxxt W obtam, msmtain aad ProPe�Y�1� and pumm Sm� 8om wLidtt6a reot �oyDteoLt maYba m¢de. Yrie Mu}ror a6s11 �c�p�e.K tho nxlu+*reJ aPPrePri"tiau from Uw goveteieg bourd and cxhouet all avalahle admiaistratrve ttviews �d appeuta in t6e oveat sucb pe�tim otthe budgct u�mt appfo.xd. s. rlmusPexoPUra�nox oF FuNDS. [f r5e r.fayar ana .roff paioaicatty c�sc reom iu tegial�e tmy oc fucame sutlwriri fi�eas w ec pc;d te lrsear uader this Leus aed. aetxtifhstmdiogfhc makiog in good 9ith ofn� rcqucst in accord�nca with o�ropriele Pmsdi+*m su+l +�ith the oxueiae oP rossmahla mrc ond diGgrnce, auch l�stuivabo� orilrod;ng autlrority doesmt aPDreve fi� m be pnid w Lessor fortha E9uipmeot, Isasce mny, upou priar ..�rimm notiw b i.easor e�-avc 60 days aftar the gi�in4 04 auch notica or vyoe ffia ex6nuatioa af The flmdiag srthoriaad For the ihm atnrnt aP�� P�ad, whichavor it later, roWm the Equipment W I.aser at Lessxl expeaac aad tlwraupoa be »base3 oFiu obtigatiam m msko ail rmW payrt�ctde to Lessor due ihereaAe; pro.iided� (7 tLe Equipmeot ia rctumcdto LePBOr 8ui�1t qepaid aad innmed to any lwtioe in t5e coetlmfoI Umtcd SUtrs dmignated by Lcasor ia thc e�ama we�i4on m whm f¢st delivarotl m I.esvm, ruuaoa6le xaar a0d 9pc reatlCieB �iCIY frem authoc'vzd vsethxeoP �XaP�+d (ri) the fo!c8uiegao4oe sktas ffie fxilwe ofthe lagislatiw body ar 5 mdiu8nuutoRtYta aPDroPneto du vox�eey 5mda as rauon for oOKepation. md (ui) t6o notin �s awomppmed bY P%7� �'all amnuMa then duc W Loaeor under this Ienaa In t6e evene I.o�te roWras ihe Fquipmmt pwaumt to tha Lumc ofthisScetion 5, LcacwsHallrattinaii wmopaidbmmuodxby Wxew iiuludm6a°Y ^�Y �P�dlkcamdcr. To tlw mdmtPetmitkd M/ latu. iflhe �novieims ofUfi.e 6eotioe S am utitiacdby Leesee. S.ez+ee ag�cs nar ka pnrcyaeo,luase o[ imt e4u4�� Pa��Bfimetions sim�lnt ro thwc ecdormedUvough ibe use ePthe Equipment, ar W obttia @om mry sourcotin serviws ot iufmmoHon wLich tho Equipmeet aat to perfotm or providS for tlmbaianeeoftlaappropriatiooperiodSotlowingLevse2sczaeisoofitst�minationri�tSaamder 7affiaacteeL4eemi�dhyiaw,t6isSmtioe5willmt ba eonswai aa as m pemiit 7wassee w ktmimec Wia Loa¢e le orda to ecquirc nny otMx oquipment or m alioeate Sm� dircetly or inditedly W cefom+ caewtially thc s�me aPPlicalion fw wttchtha equipmplt a iMcadcd 6. I2�iPRESENTATtONB AND WARRANTIES 4P LES6F.E. Lasee ecpresrnrs md wsramts an6, so tong us this I,c¢eo �y m ��,y p�, �'�y abliBN+a� ID Lessor remsin uqful5ilad. shnll mnlinucto watrset at all time, Wst: EIiZ'd 0S0'ON 1tJ3W1S3ANI i53MbGN Wd60:� 866t"0I'lflf ��-�3� (a) I.essee is a Stah, a 7cait�y or a possassion oftha Uoitcd Smw, ttLc GSty of Calumbis. a� a pelitiwl subdivirion oP oa'l of the faaeg�g wit}ua tlx mtm"u�g of Scctim 103(n) ofthe Iatemal Re�muc Cadc af 3986, as �cad�d. md TmaARyr Regylstions fmd &�tm� �cistcd tbriqo. If L�wteo is mcapvmted, it ic 0uty org�aiaed sed mtisting �ndari�e Constinrtion and laws oFits juri�&a6m af mc�xpaaticn aad w71 do o[ �ause U be ebm atl � a��YTO A�e aa31c«q such orpnrsa6on mde�tistenae in flill£erxand �'cot @) I.eacchm bccn dutyautltceizedbyeLe c�iec sod (ws ofine agpliabk}utiadiotim+and tri :,ewlmioaaf it, S��S�Y t`�d+ rrsohrtioo. �reqncvndby I.essor. is atwobedhceto)m c�cute aad delivarthis Ieau aad esefi S�ppicmcvt�dto rJrty out irs obligationsLenveder. Co) All tci�tiutmcutr bave b06a � 9Ld pfOGe�vca havc xnUled f11 OTd¢f 20 IOSUtB S�IB tldOfOlYbilily of �1ie I.tesC, and T.ts6te f186 Cp�p3i0d Wlt�i fUC�I PV�IL bi�IDg MqYMOlII911�%. SQL�}'. A1ID14Y bC BPPIIC6��L`10�f6/fA059d10b6 OODtOlbf�010d�'tb1.1 jAPao, (d3 Th� E9uipmmt o.ill 6e uud by Lesaec ouly fa the �rPau ofP�+�s me or mom gevcnmrntsl ar propeidary Smatons of Lnex waaiatmtwith tlro Pemtissfb�e scoPO ofLrsvaL suthotity aodn711 net bt t�dia atadc or hu�nces of aqy petson a mtity o9iet ihea Lmee (e) Lcwm hss funds availablo ta pay reet uMil Ihc cod af its cvRCUt approptistioe ➢"nod. and iffi Mnyot and ataff wiil zcquaet fueds to maka pnyrmrnn in ead� npprapimtion Period, ftemmw until tbc cod oftLomrss offfiisLaasa (� TAis Least cnestiu�te� a vnliQ tcgW aad 6indiqg obligatiu¢ of Sravx m£occcablc agautst Sasaaa ie aWOrdanco with the rzrycctir. tuma 6ermf (g1 Tlda Lwac is aot an arbiflage boed fLr p�rtposa of SaYioa 146 of tha Iatemsl Reveoue Cede �' 1986, ac amrndcd, sad Lessor sud itt astigps ara antittad Lo ircut the interat portion of the paymaots te be mudc Lcrcundrr as cyempe from fad¢ral incama Lixas unda Seoiion 163 (e) o£the tntemnl Rc•cuue Code of t98fi, as amondnd {hj l.cacc aUatt maintni¢racotdx reluringm ftw Lasor npd its axigps suffuieetta compLY wkhthe cetiskation rcquimmeNs af Snaion 149(a) ofbm intc'nn1 Itevicew Code of f986, ae ammdcd tt)�n;�9«m�i�xe� G)Thia Lmte Ss not atd sholl �.bemmc a"prlvsmadivify baad" vrithinfhomeunin8 of Scction 141 a�16c Urtcmal Revanue Code oY 1986. as amandcd (k) Lcaace ahall comp�y uitL all pmririom of thc Ietemai Revonue C6de oP R986 Wtidt t�ro fficeeeary to presetva fie tar. oxompt status oftix inwtast comFonent ofthe pnymonta mnde aad W bo mado under tGis I.�es4 imWding, withaut iimitatio4 Um invesfmant mQ tebi�le piov3aiam af Scdioa 1as, fl�e pro4ibit+on aga;natreCeaai guarantia unae smi� las (a} adtsne intumation reporsng requ;mnrnis of scc6on aa9 (o} 7. wAixxarlrus. t�caw �as shst iehaa seleaed a�en itaa etEVuipmencbataa upon its mmi��s nna aiacaem,e oe�y cat;aoca upai a� statffitoais or repraso�ti�s made by Layoc LESSO&A'fARES NO wARgANTY WfFH REgP,pC7 TO TFIE EQUIPMENI; BXPRESSED OR IIvIP[.iED, aND LfSSO& SPECffICALLY DI5CLAiMS ANY WARRRN'fY OF MERCHANTABILITY AND OF PITNESS FOR a PAR7ICULAR PURPOSE AND ANY LfABIIdTY FO& CONSF.Qif£NfiN, DAMAOES ARISING DUT OF TEi$ USE OF OR THE INABII.ITY t0 VSE Tf� EQVtPMpN1'. Lcues ngrca w mnkc nata! md othu Pa}aneala rc4u'vnd 6acu�lcr without regaid W the oonelitioa oPUx Equipma�t m�d W look oaly to oWer ihan I,ceeor sueh as t!w ma�uP,aWrer, vaodor m�ria fficma� ehould any item oPEquipmrnr Sor my reseon be deCoctivo. So to� u no E of�2k0ult tras oocurred aed "u coatim�mg Lcsor agroee, W the m�tco4 tiKy are naiguablq to ssxign to Loeeae. wi6toul aqy recacse m Lma, anY wartmtY rxcrvoQ by Lesaor. 8. T1ILE. Upoe ;�eexppmnw ofUrc Eq by Lewne heramdrr, titte to tbe Fquipmart will vast ia the Lrssee: prorideQ however, Nnc () upon tha aua�ne�c ofu� �vopt of Dofaui; 2s Utat tetm is dcfurA io Sedim 20 Nateof or {u) ia ihe ewmk tha4 tt�e pu�chago tyrtjon,l[yry, has aa been tmroycd priet W the aXpireiion drtte ihcrco� tiUc wili immadiaOelY vat in Le+sar a' iffi naeig�ae. Fw se IoDg as title to t6e E9uipmeot vafs ia [eseec . Lowee at its expeuae shaH protcet wd defimd Uw titla and keep itfrcc afdl claiaic aad tiees e16et t6on 16c ri�fa et'Lcscx hareunCw aad olsims and Geoe oreated by or asisingtiftough Lesaor.lLc 6quipmmt e1wlt remoiu Pttaooat propcny rcgardloes � its amoiam� to teefry, end I.essra eg�ae ta tska �cL actian as itt eupence sa aiaybo neeessarS'm i+��t�Y�d P�Yfiroet x4u'vinB aeY Ldercat m 9x 5quipncntss a r�suk ofits akwhmmt W rta�.y. 9. 9EC[1R71'Y AGREEMENf; FURTf�R A95URANCES. To saa�re Ufe jmformxna of ail Ccss'�e'a abligatioas haeuedet, i.essce heteby gisnm W I�eswt a saoUtitY iptacat cot�etituQng a finst lien on 8�e Equigmrnt and on all ad0itia�. aM�a, rePedn� +ePiar.�mcub sed mad�eatioes thereto or tlsszd'ex. imSuding afi a8cr�uNira1 &Niqnmt ef Lasca, sad oo aqy Pmoecda GsereSrmn. Lcexc sgroca to oaecute or detiver suah nddiNonal da�mte. iucludiug witlwutlimintion.9nuaaiagamfcmc�e, opieions ofcoumel, no6ns md eimillar ifutsumenis, in fotms9tisf$aory w I.aew, which Lcxeor deams nacoseary or appropdnte m csre6tisl� an¢ maieLun its saurity inmmxt iu iho Equipmaut or foc t8e 000fxmWtan � pertuaion of thie I,eave add Leuots rid+fa Laatndcr. Laeaor ia hereby authoriud to S]e fimnciqg etffiomm6 mg�ed �SY bY 2aaor in acco�deGw witht6a Unifam Commaaai Co� ar aigsd by LcsaOr sa Lce300'6 sSfOlIId91e $a. 10. LAWS AND TAXE3. Lc�ee sball oamply with a13 7mw and regul�i� rolatiog m tde Fqaipnxnt aud its use sad shnll W�PtiY Pny whe� due ai1 8�i�e, uee. ProPatY. exaisa m�d ethv twtes md ali tieeate and regiNrelion fm now o� bemaftor im[+�� vY �Y B�'u�� Y �°B��S' � Yhe Equipmmk or itv uae or tUc mrtals heramder mrdud"mg, mawevrr, neytaxas on or te�wsurad by Lannr'e ad ineoma UpoA rayuest by Lesso , Lnxc shall prepnre aadfite all Wc ntums rotaains te taxa fer ufiioh Lasxa is respo�uible bvamdawhich Iasaee is permitted to File undcrtlu+ 7aWS ofthe applioabla taxing jurisdioflon I I. INDEMNITY. Lcssee hercby indetomfi� and agem w smx Lcaea' ltumloss ffom any und ull tiabil'tty aAd expatt0 atising art oP tlK ocdceing, mvnenhip, �ne, condition or oP�on ofeadt item of EquipmentdmingtActum afthis Lease. ineludi¢g liaL�Tity fa dea�b or;Djuq' � P�oni damage to � ELiE'd BS0'ON 1N3W1S3ANI 153M210N WdOi:E 866t'0i"�flf �g-�3� arcpaty. atcia tiability u¢da me La«s or9uaiaal arcisicas otaay state xme uaAta stNa, �a kaai c.�+ca in daf'mdins a�Gr claim roroughc to mWm aa}rsudf liobility er czpemq b�n acdudipg oay liab�lity2Lr whiohieace is miregoosi6kundcr 9eGicn I0. 12. ASSIGN,LffiNT. Witlwui La�el'a yriar writtm cooecat. I.etsee vcill �t sell. nvigr. su6k4 P�BS oc a6awiac awmba CL yetmit a li0C KiSing thrau� Iattae to �zA on or c&einet aey ittc�raet ie this Iaase or fhe P.�}uipmmt or r�ave thc 8quipmart[ from its toptiae xfeacd tn abnvc. I�or may al0igt ih ID1acffi int{tis S.m.ve iqd SCll of ga4Y. n 3eaYTity »1tQ¢rt m sll W d4}' PY2t OYfGO OqUip2cmt withc�lt Lt�secs CanaCat L�ee ag[eBS t1ol S014eR agaiastaq}'axsi�ee ofleavor say rJa� ordefcam Laasee mny Laux egaimtLnaor. 13. INSPECffON. IRaecrmay impectihe Equipmcrostany limc 9aG 5onetiRwtotime duHng tegut�c btumm houn. 14. REPAII2S. Lessec will uac Uw EquiPmmt wifh dve tmc and fw tde patpoae frt which it it ietendai. Itssec wilt �intaia ffic Equipmcat in 8eod repti'. eoedition aed woAciog oidcr nnd will fvmiaL all pvtt aed a�vias raquir�d t6erefa5 atl at iia w�. NI euch partt when &mished sSall immediakly bxamc the }eopertr of Lassor adb FartMlheEguipmcntfor aYpwpoux haeof. 15- IASS OR DAMACi& Iu tiro eMdII any ccm of Equipmaett eha(1 bxotne lesf, stoloe. datceY�, �S� �"J�nd xpaQ os sendapad PawueM(y unfit forux tor s�ry rcsson. or in fSe evrnt ofmod�meation or seimm oYanS ilw oESquipmmy Lwm aMll P��YPaY Ievw (aj Ua amamtoPaV rmt md �r omo�+, p�y�bio roy r.o�e horewaer +�ri�h r�a m� rtmn e„o 5�e uv�ia u n» aw or �n anrm� W� N) +� ,� e+�d in rhe Snpplom�t x an sxfiibittbncto m Gu Tamimtion Halmoe mo]uded in E�ibit "A , P�us (n) annmauot cquai to ihm applicabk Sa�l P�TM� �P� p�a aet foxfh in t6o 9upp]anen[ a �my exldbit iheeto. Upon p¢ymwt af euch atnount to Iesser. svoh ikm s6nll become the P�P�Y ��. Leesor w�i Siansfbr So Le�ee. ufil6oul mooWx or wa[ranty, afi of La45ot`s rigJ�t, title md mterce! thereip, the rcat with toSped to wch item sb4Ll iamaate. aad tdc basic mita! pnymam on thc mmaieing itemc s6all bn redurod nccwdiugfy. Locam+shaq PaY auY sales and use w+tts duc on wchtransfcr. nny inswanca or condaMatioa proceads ttoeived shult Dc psditcd N La�aaeg obligatioe u�ettld� Daiapfeph md Leaxe sball bc tatiNed to aey suPplus. 16. INStJR.WCE. Lcesce shaU obtaia and maiafaia on a whh rwpccc m tbc Eqnipment at ita own expeise (a)liabllitY mswarcc aga'viat liabilily kr bodilY +�]�Y � P��P�Y d�Be wfth a mil��imum Sanit of SSW,000 co6ibitud 8iag10lietit afld (b) PI�YSiC� dem��8e insutancc imuc+n8 aBav�ac Wss 9i datnage W tho EquipmeM in aD amount not Im tAm the full eeplacetAOn{ valye pPtye 8quipm��t or the omount atatcd in flfe SuppIommt ar an exlnlut thnroto as 1Le TYtmioratm Baimcc. Leeex ebWl &mieh Lassor wRh a eertiFonte o£m.+mmc eridaneiog tho ieevmca oPa pofiay or potioies m Leuee m at Itnstthemmimnm amouoia rcquired homi0. �ming Lassor oe nn additional'maomd ibpnundw' furtM IiSbility OOVerage ae8 ns lora psyee Sx the prapetty domn5e covcmgc. EaeN suds poliry shatl be ia eueh fora� md with eueh iasutats at may ba suiatuWry m Lawr, aod e6e11 conemn a elavu re.quiiiugtlte ia�ret to givo W tassor az ienst 10 da}s faiorvni�a uatim of a� akaatatioa mihe taen oPsuahpoiiry a t6e eae.cclintion9ia�ao£ aad adauae speo�iog ibat no action m miazcpmacnmtiaa by L�saa sifall invalidate suchpnlicy. Lnaeor ek�11 be undarno duty te staecmia tfie rxiamors af orto exmunc wry sur8 polity or W advise Lassee in flro eveot my mcb potiey ehali aat co[u�uPb' wit6 N�e requ@emrnt Uurcof. tu tiu mne iltat Lassoa has beaa pamitted m 8elf- immu5 Lca�eewll3iwniah Lcw�orwitha 1aUu or xrti5artc m eucL sficct. i'f. 8£1'URDt OP THE EQIriPMENT. Upon ux wpiration M aar{iar t�mioazion of Uris Le�, uoi�+s aVt poymwAa aiL w�da ss dasm'bad in tiw 6upplement the Iaxe wiil immcdinmty delirar tlu Equipmeok m Lcsaur ia thc ewo mndition ss w6en deliverad U LeffieC, a�mu�' wear end frar ouoptcd, at eucR location wititia tfie eontiarmtal Uuiad Stato� aa Lessor shnil daignote. Leesce s6d7 pay aN tnvvportntion and other oxPensas rolatia6 To euo6 del;very. 18. ADD7TIONAL ACTION. Lestec wi11 prnmptly axaeuie and detiver to L�or suoh 7�ufha dowmum and take euch fuAher aetion a4 Lastor muy ro4vest in otderlo morc effee8rety cany out t6o urteet and pu�pme ofHria Leasq 'n�chuiiog�hc �xaMion wd delivay ofappropriau Snanoing sttuanema m fulfy prolcct I,cmor'a itrtoresc hareuntler in aeemdancc wit6 tho [Jnifotm Commereial Cat63 or oihu o�ppliaxhle Eaw.Izeece willfumie6, fromtime W tiaa an r�qucKC s wpY �1�ssne's laku aonoa16u1acce alu�t and incame stakment. 19. LATE CHARGES. ifnny inataqrueM ofyssic mrt is not p¢id w6cn duc oc witi��iu 5 days �r, Lusor may imposc u lam dmrgc af vp to 5%of Wa amau�rt of U'c iusratiwont but jp aqy o�eM aot morc thoa pctIDittod Dy applioabie tn+: Paymeors 4hccenfkr mcc[vcd ehal] be applled fit� W deti�7uuR ine[[altmenk andthan W ouRaa InatatlmcNa. 29. DEFAt Eadi of tErc fol7owmg cvcais sfiall eoastihrtc ee "EtKnt of Adouk" h�munder. (a)lassm sholl !kil w gny whca due aay mstdtmcnt of boaic nn5 @) Lrasce sha11 fail W obmrve orperfoxm m�y otha ageemeet W 6e obseived a performcd by Luem hua�ader u�d t8e continuance thercuffor 10 catandar days fellowin6 wria.m mticc ehoroaf by Lessm� W I.smx; (a?.any wura0ey, ropro�tatioe or statemept mode ar fiimis6ed to Lawr try m on 6dwtf ofLLu�a pnwaw havc boeafatee ormisleud;ng m any mncor�al respact: or jd) I.easae shn1l volunmrriy £tq er hwc filyd again.a it iuvotuocaNty. a pctition for IiquiAuioa tmrgkwutioq sdjuahacat of dobt ot similu reliei `mder thc fcdcnl � Aate Baokcupuy Code or asry mher pmsmt or fuyam TadorN msiate baaktuptcy a insalvanry law. a attt�vtu, rcccivcr, or liquidpior s1m11 be appoinisd ofit ot sil ofu eub,lenri¢i Qmt oEits swcta. 21. �l�.fl�. IRSStt eitd (.Cb9CC 1e[CO �I TAi550rS f�LSgCJi 84$cRd �' 1L350L Cf 8ti Et'B�C OP �9111C OiC LLaL[LSi� GAQ �Ot �AbiC Of OXSQ mcaw'vnmt at thc timettis Leosa is ewwuicd bcausctlm value offfie E�Nipm.nt e4 ilu e%ptmtian oft1� Lesac ia ueu�taiA. a� therofom t6ey agreet6st far PuPposoa of tlds Sactiee 21 ^t.n+ora Loea° ac of an,y data s6alt M the smn oFBu fallmvi»g: {I) ffio amount oPalt tmt aad MBa �ounh p�ablc by Lossoe harouedu dut but i+aqnid aa ofauch dua 0� (2) tlsamow�c smtcd iatlta 3u�fplemmtor ae exlribit+hecso m fhc Tc+miantion $atmca P39%C3) a�+ amow�t cqnal to Nw appliaaEle Pum6ase W'Z� ectfath in 1La Supplemmt. Upao t6e ocan.cuw of aa Evont ofDefaitt i,ad � aqy time t6ara�lta, Lwer muy ezercisc auy ox or awta ofthe mssufies liued bciow es Lrseor in its sele disor�on muY Iswfutly cicc� Providnd. houroveq ttmt upen tAo oawrenca of ae £vme ef DefeWS apcci5ct ia Scatian 20 (dy an amaunt e9ua1 w Sssaor's [.em as aft0e data Of suahatourtcnw a1w11 avtamaticlly 6e aadbeoome imeecdiete5y duo and payabia.vitlwutnotict m dem�d of nnykwd A Leaor mny 5y writton notita W LaeeS terminate tftia Latm and deolate an a�naunt equat to Laseec's I.oss as af fhe dau ef snuh netice m be iromediatolY dua aad Payubiq and thc eame shall thtta+Aon be md 6ccanc immadiatalY due and payable willtout fiut6cr natix oe dcmm4 aed all ripxAs oP L�svee to �ae t6c Equipmoot atu91 +�+:�^•• but I�sem a6st1 ba and rem.� linble ms providcd 'm tlus 9caion 21. I� vs�il at its rapense promptly 3 ETib'd �50'ON 1N3W153RNZ 1S3MbON WdOi:E 866T'0S'lflf q8-� 3s a�vw tLO Equipme¢t m tasaor u n toanw� ar inatioos +�tin ma ooeeieami umtca smm �si�rtca aj i.cxaor. Lmor may use ema w� thC premises vlwe 9m Equq�mmt e 7onted mtdtaice ��++^ Dmcmion ofmd}rmovePoemmo artth onwithooYimti6ufng fegd Wo�d'v�• b. lrn� may Proorcd bJ' ap��uu wua oaim to m5xx peffatnsace bY Ieswe oftlw opplkaWe co�rnarts oE9vu Lcsee wto mrova .1br 6reaoh of ttus Lees4l.enafSIatv aw eFthe di¢e I.euoCS l.oex ia dacLxad �4ro md PsY�� '+�"^a' ; P 6orwer. t�t vpaa tecowry aPI�svofa I�. from ��r s� �� n.xoe+oxp�s �a d� af`u,c Fquipm�vt, se�or �ana�u�e Fquipmm�m Ima at m vxn lnaaam,�Oa paymcutvfaay ndditioeai amavatdue wderalou�e (C, D, � bcla.. C ID thc evcat I�r [�os�emm tlse EquipmmF, Lcvcr aiult ci4oe ral� tho EquigmeN in &N wtid`act�m of I.accth c6li�ttion haeunda' 67 3dt M Iesse cach eem af Pquipmoet in ateha mmnm mdupon mhtc� m I.cawneay io as mole d�metivndotomsm'Ibcpcoceede ef sucbuie or loenc dmtl 6a apWied m reimb�vae J.e.or tor tweorb t,oss �ea �r ndditiom� amouvc dun undar cimue tn. � eaow. Le�e sLan bc mtiflcd m mry nnpL�s ma Laece drafl *cmaia 6abk for sey d�Y. For pticposec aftltiR aubpu�graph, tln �oaeM af avy ]rmn cf nti ar a¢S P� �� P� �+Y �a 5fiall be tha amou¢[ [emvneblyani�cd 6y t<amr ae 0e omt oFauoh Fquipmmt in dctcreniaip,gtho Cmtundet eaah Leue. D. taeormsy+cwvu iotateEt on6u uepuid GJencc �'LcacoYS Iassfrom dRe it6teomagayuffie uotS fulty Imidet atateof 8 annum. E. I.amr may mrcixc a�q uthvs rigat os temedy avtila6le to it by law or hY a�OSmeat. acd may in aay cvmt iccover kgnt fcro sral othv oxpenta iecw�ed by reuoe of m Evrnt of Dcfavk or W 9w azazeisa of anY «�Y hacundcr includm6 oxPensas af rtPossrossla1 repnv smre&, �upmmticn. naddiapoeition ofthc Equipmmt No *emed5's��rcn in this sceion is iateeded U be eacalusivc, nnd � a6aU ixi awuistiw iwt only to t6o exteet �aasary ro P� l.c.aar to .cm.�er amowm forwhich Lassae ie Gabk hereuadat. No cxpnsa w uapliod waim by Laaeor ofaqy Evant of DePouk ahell c�eitae n avaivcr ofaoy ather E+�mt of DefaWt 22. NOTIC£S. ,�ry arimn actica haeundu m Lesxe afia{1 bc dcc2ocd ta bsva baa�d 8rven wAaf deliveretF pcnoouify or d�poaitcd ia fho UaRcd SFates maite, PwvraBc pm{iaid, addraxedw I.essee ata addtzas setfmth aia�e or al suo6 othu uddrev as mry be lastlmowato Losear. 23. ME7' I,EA6E AND UNCA1vpl7TONAL OBLIQATTON.'Itia Lcam ia a wmpleNly net twe and Leaaae'a obligufionm payil�c tent md amourts PaY� bY Lae� under Seotiom IS end21 ia unwnd'Aioaa) sud eoi mbjoot W enY �+a��4 ��a4 +�teffor dotcn.co of aay kied oxoe�t m e�ssfY pto�tided heroic. 24. PREPAYMENT'. TLia lwc aud aqy mistad Suppiemmt may bc prcpn;d ia wholS but no� in nmt aad oe a rogutarA'�l'm�ot dWe with fa�five (45) dnp writlra no4m to Laeecf. u�onPM13'sent aPfhe namuM actforth as'Iattaiastioe Vdiue oatho F�hi6ttA at0aclxd to caid 4upp7emeot 25. NON-CANCEU.A81E i,EASE.'I}us Lwe oam»tbe pmwicd ute�minffied oxmpt at w�ptass}y nrovided 6pcoin, 26. 9URVfYA1.OF INDEA9NITIES. Laseda obligatioua un0a' Sactions l0 md 11 shatlwtvivctamiaatica ofthis Lrasc. 2�. MISCELLANE01T6. MY�+nm of1&is Savea whiehis lmeetbtaeble ia my juriedicfion elmll. asto jwisdiUio4 bo ieeffeative W ihe exfsot ofauch ueenforuablltYY vrifl�out nrvaiidatiag tNo ttm.tining provisiam �' thEc ]cnso, and atd such unenfacaabilitY in e�' jurisdicti� ahnil not tendet veeuforxsbtc wc6 P�'�vision in my otba jurisdiction. '11iia Lum s6all ie alt raP'ob be So�emed bY. and c�truod in aceordanca wity, ffie sv6zWU;ve Isws otiLe nete in m6ich tM Lcearo is IoWad. 4 EtiS'd 0S@'ON 1N3W153ANI tS3M?JON WdLi:£ 866i'0I'lflf 9g-�35 Signature Page to Govemmentai Lease-Purchase Masier r�greemem Dated Juty 30, 1998 Lessee: City of Sa.irtt Paui; St. Paui, ;Vlmnesota Bp: Its: Mayor Lessee• City of Saim Paul; S� Paut, IvfiTmesota By: Its: Direcwr, Office ofFinancial3ervices Lessee: City of Saint Paul; St. Paul, Minnesota By: I#s: Chairman, Saint Paul Civic Cerner Authority ._Fs;� Approved as ta £orm: Assistant City Attomey Lessor. Norwest Investmeat Serrices, Inc. By: Its: Senior Vice President 5 Eii9'd 0S0'6tJ 1N3W1S3hNI 1S3M21UN Wd2S:E 866i'0i'�flf q�-��s Nora�est Im��tmeat Seivices, Ine. NOrtbstar East Bnilding, 9tlt F1ooY 608 Second Avem7e South Minneapolis, MI3 55479-01A6 SUPPLEMENT TO MASTER LEASE Name and add:ess of Lessee; City of Saint Paul 15 West KeUogg Boulevard St. Paul, Minnesota 55142 . «,.u, ��..i �t; This is a Supplement to the Governme�al Leas�Pntcbase Master Agxeement sdenti5ed above batvveen I.essor aad Leuee (the "Mastor Lease"). Upoh the execution aad dclivery by Lssspt and Le5see of this Supplement, Lessot hereby agoees io lease to Lessee, and Lessx herdsy agtees to lease from Lessor, the Properiy deseribcd yelpw npoa the tetuts and eoaditioas cf Usis Supplemcnt aad the Master Lease. River Centre Project;Exhibit HeiilMleeting Rooms Furniture, Ballroom Furniture, Staging/Riser Package, Office Fumiture & Equ{pment, Build{ng Operations Equipment and AudiolVisual Equipment Ri.a cart+c ns w�,e icoi�o� sow�d Rmt comwcacement date Tesm in months from reat wmmencement Rental puymeai period (check one) ❑ MontlflY ❑ AanoallY � QuaztertY B 6ther - scc additional provisions X Semi AdditionaS Provisioas: $asic ReaW Number t1f Rdvance Pa}meata Payareuts Payments S1t5,72B,5B 30 -0- tatemstRate F'sstPs}wrnt FivatPuccUasi Due 8ption Ptice �CIiL'd HS@'ON 1N34tiS31titJI 1S3Mc`!ON L1d2i:E 866L'0i'1(if 9$-�3� Signature Page to Supplement to I�2astar Lcase Dated July 30, 1998 Lessee: Caty of Saim Pmil; St. Paul, Nfinnesota �� Its: Mayor T.essee: City of Saint Paul; St_ Paul, Minnesota $y: Its: Director, pffice afFinancial Services Lessee: City of Suint Paui; St. Paul, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as tu £orm. Assistant City Attomey Lessor: Nurwest Investment Services, Inc. By: Its: Stnior Vioe Pres'sdmt 2 Eii8'd 050'ON 1N3bJ153RNI 1S3M216tJ WdZL�E 866L'0i'�(lt 9�- �3s t�.� __.�.�"':'�t;s-•-t-ss:s+a'� Ltity a5 Saint P�i Eilu'bit A Tarsl Paymcat lntermt PrinciP+� `�� Paymait A�ter Payment PuSment Duc � Aae Paym�t Due Payment Dne � �t Te v�rmraaYloa Date 52,340,�.dD Jnl30,1998 1 5115,728.58 564,942.80 $SO,T95.78 52,289,Z14.22 - Feb 1,2999 Z 5115��48.58 �63�182.31 �52�46.26 52�t36�66'/96 52�281�695.46 Apg 1,2994 3 5115,TZ8.39 561,732.04 553,996.34 52,18Z,611.42 SZ,2Z5,286.86 Feb 1,20b0 4 5115�728.58 560,241.73 555,486.84 s2,127,184.38 $Z,169q15.74 Ang 1, 2AU8 S 5115,728.58 Si8,710.29 557,018.� SZ,070,166.30 52,108,039.98 Feb1,2001 6 S115,728.58 557,136.59 558,591.99 52,011,574.31 52,047,1Z0.4a A,ug l, 3001 7 5115,728.58 $53,119,45 $60,209.12 51,951,365.18 51,984,61T.U0 Fch i, 2062 8 5315,728,58 553,857.68 561,87090 51,889,499.29 51,920,488.46 Ang 1, 2002 9 5115,728.58 552,150.04 $63,578.53 S1,S25,9x5.75 53,854,69Z.SS T+eb 1, a003 16 5115,�Z8.5$ 550,3�5.27 565�33.30 51,760,582.45 51,78T,386.02 Ang 1,2003 il 5115,728.58 548,592.08 567,136.50 51,693,d45.93 51,717,9Z4.28 Feb i, 2004 12 S11S,1Z8.58 $d6,73�.11 568,984.47 51,624.4�.09 51,646,851,74 Aug 1, Z004 13 SY15,728.SB $44,835.00 570,893.58 51,553,362.41 51,5'73,95L56 Feb 1, 200.i 14 5115,728.58 ffA2,8T8.34 572,85U.?A S1 51,499,145.73 Aug i,1A0S 15 Sf15,728.58 540,867.67 574,860.91 SI,AQ5,851.76 51,422,394.44 Feb 1,2006 16 5123,T2&S8 S38,SO1.SI 576,927.47 51,3Z8,92d.70 51,343,64&54 Ang 1, 2006 17 S1lS,T2&SS 336,fi78.32 579,OSd.25 51,244,874.44 S�,ZbZ,854.93 Feb 1,2007 18 $115,?28.58 $3A¢19b.53 $81,232.44 $1,1L9,542.A0 57,179,9b9.58 Aatg �, 20Q7 19 5115,7Z8.58 $32,25A.33 $$3,474.05 S],OSS,168.� SI,OSW,910,48 Feb 1,2008 20 $1]5,725.38 529,459_65 585,777.93 3�9,390.43 32,007,650.09 Ang 1,2008 21 �115,928.58 $21,583.18 588,145.40 5911,Z45.03 S918,12�.41 Feb 1,Z009 22 5115,725.38 525,150.36 590,578.21 5820,6fi6.82 S82L,2bS.97 Aag 1, Z009 23 Si15,7Z8.3B S2Z,650.40 $93,07&17 S727,588.64 $731,01T.23 Pe6 1,2Q10 24 S12S,728.58 S2Q,081.45 595,647.13 5631,941.52 5635,321.10 Aag 1, 2010 25 5115,7]8.38 S17,44�.59 548,286.49 3533,654.53 5336,110.8? Feb 1,2012 26 5115,728.58 �14,T28.� 5��,999.71 5432,G54.8Y S434,3�1.16 Iw� l, 2011 27 5115,728.58 511,44L21 S303,787.30 5328,867.51 5329,884.96 Feb 1, Z41Z 2S 5125,72&58 54,076.7d 5106,651.83 522,2,2]5.6$ 3222,733,39 Aug 1, Zt112 29 5213,728.38 56,133.15 5109�95.d2 5112,G20.z6 51�2,795.88 Beb 1, 2Ui3 30 SI13 728.58 S3 08.32 $112 6Z0.26 0.06 S1.OQ Au 1, 2013 G:iLEASEISCHEDIILEI[RiverCeatrazls]Lcase 7110/981:58 PM Norwest Inves�cat Scrvices, Inc Eti6'd 050'ON 1N3W1S3ANI 153M210N Wd2i:E 866i'0i'l(lf q$- (� 3 5� DELIVERY A1�ID ACCEPT�NCE CERTIFICATE TO: RE: NORWEST INVESTMElti'T SFRVICES, II3C. LEASE AGREEMENT DATED NLY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBIT HALUMEETING ROOMS FURNITURE, BALLROOM FURNITUR�, STAGING/RISER PACKAGE, OFFICE FURNITURE 8 EQUIPMENT, BUILDING OPERATIONS EQUIPMENT AND AUDIONISUAL EQUiPMEhtT While not all of the property described in the above LEASE (the "Property"} has baen delivered to us, we heteby request funding far the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or installations completed. We hereby accept the Property pursuant to the LEASE, agree to have the LEASE commence, and acknowledge that all the terms of the LEASE are in fiill force and effect. We understand that, Section 6{g) of the LEASE notwithstanding, if the fundin,g proceeds, �2,340,000.40, are not completety disbursed by 7anuary 30, 1999, the LEASE may become subject to the investment and rebate (i.e., arbitrage} pmvisions of IltS Code Section 248 arid we witl compty with all reporting and, if applicable, rebate requiremerus thereto. I,ESSEE: CITY OF SAiAI"� PAtJL; ST. PAi3L, MFNNESOTA � Juty 30. 1998 (Acoeptance bate) Directar. Qffice of Financiai Services (Title} EL�Ot'd 0S@'6N 1N3W153ANI 1S3MbON WdES:E $66L'0i'lfll ° /�-�3� CERTIETCATE OF APPRUPRIAfitOti' � of City of Saint Paul {"Lessee"}, hereby verify thai all lease payments due by the Lessee under that certain Govemmentai Lease-Furchase Master Agreemrnt dated as of July 3q ] 498, between the Lessee and Norwest Investment Services, Inc. as Lessor, for the $scal yeax ending Decembor 31, 1998, are within that fiscal year's budget and within an avail,able, uztexhausted and uztencumbered appropriation for the Lessee. IN WITNESS WFiEREOF, I have set my hand ttus day of 1998. Lessee. City of Saint Paul; St. Pau1,lVTinnesota � Its: Z?irector, Office of Financial Services EL!LL'd 0S0'ON 1FJ3W1S3ANI 1S3Ma0N WdEi:E 866i'9T'�(tt` 9' �- � �s 3TA'I'E OF NIIriNESOTA UCC-1 FINANCING S'1`ATEMENT This statement is presented for filing pursnant to Minnesata Statutes ch. 33b.9-4aZ DEBTOR City of Saint Paul, Fed I.D.: 15 West Kellogg Boulevard St. Paul, Minnesota 55102 5ECURED PARTY Nonvest Investment Sacvices, Inc. Northstar East Building, 9th Flonr b0$ Second Avenue South Minneapolis, MN 55479-0146 COLLATERAI. F�R USE BY Fl�JNG OFFiCER ONLY River Centre Project:Exhibit htalliMeeting Rooms �urniture, 6aliroom Furniture, StaginglRiser Paokage, Offics Fumiture 8� Equipment, Bui{ding Operatians Equipment and Audio�sual Equipment {to be located at 175 Wesf Kel)ogg Boulevard, St. Paul, Minnesota 55102) LEASE NQ. 0044-042 RETURN ACKNOWLEDGMENf COPY TO: Debtor Signature Norwest Investment 5ervices, Inc Northstar Easi Building, 9th k'loor 608 Second Avenue Sauth Minneapolis, MN 55479 Secured Paxty Signature ATTN: Karen Drahos-Peifer EI2I'd 050'ON 1N3W1S3ANI 153M210N WdEt:£ 866i'0L'lfli ��—�3s� IlvG'i7MBEN{:Y CERTII+'ICATE I, do hereby certify that I am the duly elected or appointed and acting Clerk of City of Sairn Paul, a paliticai subdivision or agency duly organized and existing under the laws of the State of Minttesota that I have custody af the records of suoh entity, and that, as of the date hereo� the individuals named below aza the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (� the signatures set apposite their respective names and tittes are their true and authentic signatures and (LI} such offioers have the authority on behalf of such entity to enter into that certain Govemme�tal I..ease-Purchase Master Agreement dated 7uty 3�, 1998 between such entity and Norwest Investmerit Seivices, Inc. (Lessor). Name; Its: Mayor Signature: Name: Its: Directar, Of�ice of Financial Services Signature� Name: Its: Chairman, Saitlt Fav1 Civic Ceater Authority Signature: IN WITNESS WHEREOF, I haVe duly executed this certificate and affuced the seal of such entity hereto this day oF .1998. CI.ERK EiiEi'd 0S0'ON 1N3WiS3ANI 1S3M2i0N Wd£S:E 866L'0S"lftr �t 8- G35 of Firnancial z, �s9e GREEN SHEET No 60948 � �.� ��.� �� _ � �J NUN0Q2 FDR � GttATIOWgY � L � � O ❑ CJfYG.�tR � R017�I1W ORDER ❑c9WlICNLBEAVICpOM. ❑RU11p1LL8tltY/ACtt3 � W �� ~ ❑ 70TAL # OF S(GNATURE PAGES 3, (CLIP AlL LOCATIONS FOR SIGNATURE) of the aCached resdution authot¢es the S2,340,000 financirp trensaction with Norwest Bank for operatiny d at fhe RiverceMer. This financing was previously approved by CF 98-122 which gare ihe Office of Rnaneial Services the authority all necessary actions leadng to the issuanee of thi5 lease. PLANNING CAMMISSION CIB COMMITfEE C{V4L SERV4CE CAM4AISS{ON �.9�57 Has Mis pataonfirtn ever xqficed wder a contrect fa this department� YES NO Has this persoNfirtn ever been a c'Ry empbyee? YES tS0 Does th�s pere�rtn possess a skiii not rrortnalry possessed by any cuReM cRy emG Y6 NO IS this persoNfirm a tat8�� endoR YES NO ncil previously appmved financirig for equipmeM for RrverCenter. &ds were set by the Ofice of Finariciai Services Nonvest Bank vras Iw� bitlde� at a pnce of 5.52% is araila6le to purchase the equipmeM necessary fu Rive�Cetrter. iwt Ee arailable to complete the transaction. S szxa.wo.00 SOURCE COSTiREVENUE BUDGE7ED (CIRCLE ONE) AC7NITY NUtABER YES NO ��nci� R�se�°u" � ��?R�� : �: '_ [ T j� } � �� c.� `''-� 13 0 . q8' - �3s GOVERNMENTAL LEA5E - PURCHASE MASTER AGR�EMENT � � Name and Address of I,essee: City of Saint Paul 15 West KeNogg Boulevard S� Paul,Minnesota 55102 L�ssor. Norwest Investment Servic�, Inc. Northstsr East Bnilding, 9th F9oor 60S 5econd Avcnue Sonth Minneapolis, MN 55474-0146 1. LEASE. l.assor Fercby agrw w Icaeo W I.awu, aed Isssec hercLy a�rris to loaso 5vm L�aor� 16e penmaI property deaibed id a 9upploamnt or Supplvncma u thia Master I.wst @om time w rime sigeM by t.msor oad l,aaa upan fhc temin md coodi6ous ed foAh in ffie raioted SuPPiemmt (�ueL D��D�Y �Ceihvwith nll rcPluaewn�s. ropoits xetl additiom incorpotMedtbacin a nffutad t6aeto bein6 Nderred te herein na "EquipmrAt" ). ihe tave of thc itcma dcazribcd in a pvtiautu Supplem�e.hsU bc comidered a aeporme ]mye yurn�mt m tde n�mn �'tbe Maet.v Lw+e and ite 6nppiementthe aeme os if a singie Imve n8r�,ncu< <oataioing mu9� tamu had bcm e�xeutcd wvaing such itom�. 7Be axemrtim by Ima oFmctr Suppkment oLWi widence a dotcrminction by the Leuee }hK tlu E9ufpnrnt eovaaQ 25ereby is asmti&) to ib propa, e�cim! aod �c o(Rtatioa aad dsiw m mhr into Nrot Supptomoet for 0e ocquia�tion eff6at Fyuipmeetundmihetssms hnco�tl�attisc Equipaent is neeasaryfortlm govemerntai functimn of i.ceae4 snd ffiat [sawr is neit6cr tbc mnnufachaer ner o dmta m mcrchoat of wid Eguipmant but 6as ageed m prwidc Mc Smdmg far �nd on 6eLalf of Imsee ter the sequurciae ofsitid Equipment under thc rum¢ horoot'ytih� yp� '�io requat ofI.sccc. 2. DEL[VSRY AND ACCEPi'ANCH Las« will cvidcaa i4 secopimce of �he Pquivmrne 6Y exewNng and detivorieg to Lessor a Delivrry ud Aecmptante Cn�ctw (6aem w ealle� in thcform to bn P�ided bS' Lasor. 3. ?ERM. TSo tetm ofthis Itue wi16 tnptat m arb itim �Equipmeot sfiall begin � the de4 if ix aacptai 6y Loctoo md d�ail oontieue ffom the rtM oommenoeme,tt dum abora wtLe rckted Suppltmmt vdevs eediatarmioated as providM hareio. T6e raet oummeuaomem duec u 1Le Acaspm�e Dato as r«orded ontho Actopt�ncu CaRiSome, 4. REN7'. Lesece+hatl pay as buio rcnt fonhciL➢tum ofthis 7.ease tho �ount stown a the telatM Suppkmmt as Total RaeL aed aporiion �eao6 rcnt paymeM is pvd at �mdtepmmts tbe paymqit of intutmt, cnd Exhibit"A' aaae}udto tho relavA SuPplauapt sets forth tha intecat cm��mt ofeacb mR tmYmcnt �tting tlwtenn.2ha Totat Reotsimtt hcpayab{a in irataflmeerts mah iellu emaunt oPt6e Luaic rwht payment eat forth io tAe roi�ted Supplement P��+a yq' aPPliosbie sola nnd ux tu shucee. Loeeee ehali Pnyrmt to imlaiime+4 m s4owu in tye Re2and 6upplement E1�cept m apccificnllY P � Seaien S hereo£ Uu reWal paymwtc will 6a ab�Wuk aod nnwoditionnt ia �il ewntc md vtitl not be aubjca to anY act-o$ dekaae, wuetx olaim or raouPmeot £or my aseon w'h7teoe�af. Le,wea rqwnWly believa ihot Swd� can 6c obt+iced su��eetm make all rcnt pnymm�a dutinBtha tatm oPtlte I.a�se mdLereby co�raanfa tLat ita MaYa aod iM9'wilI do nll t6ing laafullywitltin itc pmva w ebtm, msintain and P�P��Y �u and pursue5mda 4om whidt the mnt tm7'meo¢ may be made. T6c ASnym lbai{ rcquest the te9uvtd oPPiepxiWiov Lom 91Y govefn"v�g boufd Lad cx}Wwt all avatlablu adaliL'IStrat'ts'C Teviews' md appeale in the ove�lt suc6patioo elthc budga is �! app»vcA. 5. NONAYYAOPRIATiOAI OF FZRQDS. Sf tbt M.'n'er md siaff paiodidty request from its 7e&91at3vc 6ody or fwWmg wtberiry fueds W 6e paid to Insm uodaflvs LeASe and. mtwitlnfmdingths making ia good Rif6 ufwch requaxt in axotd�nu with appro7xieie y�oQdiucc ane with tho ex�rzise of rouonoble cue and dlGga�ce,+uch le�sls[iva bodY or fundin6 swhenty doaaaot approve iiwds m hc paid W Lavsw for tbaEquipmen; Lmses awY, vpon priw .rriuw wtice W Leamr effatirc 60 days aRar 4e 8ving oF �uch nodro ur upon tha ezbuuttioe at 16e Rmding sutyed2ed for tha 1hw a�trmt �PP�iat;o¢ Peied. whichowr u latu, roNm th� Equipmcnt to I.essor at ImaY axprnse snd tl�awpoa b� nhaud eFiu obtigstim m msko ail emat PnJ'me� b Lwor due 16eratlr, pro.�idcd: () t6o Equipment is ratumed to Lraaor HaiB� M�Ddd e� ineumd w any �oatioe ie tHe temuieetnt Ummd Snta duippated bY Lea.w in thc aaew wntlition m wha fcrt dolivarod to I.ecva, me+aoablc waa�md t�r mwttio8 soklY Snm autbai7,md wa Shmeo[ exaPSSd (n) fhcfmrgoing�tioe xkt�the failurc offhe legistativebody «Smdiag.utboriryto aDProPtiah fhe nc�osy fimds m reaton fot moa0ution, and (ui) t6o noein u accompnnied bY PsY�� of atl amounb thm due b LaVOr under ilva I.m.�w In tbe evcat LaeRee raNms ffin HQuiPmeM pum�mt to timLxfluotlhisSeotioaS,Le�wnitaUraisiedlntmopnidfwroundxbyI.e+ssaBxlud'v�B�Y�h�PddMewda. Tothoo#mtParm+tltdby law. $the proviaiam ofthi.a 6eotion S mre ukiliud Sasoa.Iasue b3' agcv � fe puec�sae, Wase Ot t� equ�me� P°'i°nnm8fum3ions sim�u to 5hmc pr+f«aied through ttw use ePfhe Fquipmart, ar to obtsi� @em aoy aource tYe serviws of iofmmnHm whic6lLo Pquipp7eet u�m to Perfo+m a providF fw flmbatuiaoftheapPrepri.tioopcxiodfollowingiesseeycsaemopfits},�yyy�enr;g6tMm�Ma 7o$eadmtpamiticdbylaw,tLisSatian3wi{t�t be cmuwed ro as m pemut Iauee u iem�imac t5ic Loaee ie ader te acqu;ti my utha� equ+Pmmt or m all«ac 5mib dinxtty or ind"aaotly ta pafocm eaemtiailytise sarpe apyliemionfor whichthe aquipmmt u iotmded 6. RSPRPSENTATIONS AND WARR.4A'17E8 OF LES6EE. Iascc reprncefa mQ wuants aeQ. so long na thia Lcaao io io effed u any part of Ln+cc'a ohUguioesm i�rser aauin v�l5llsd. slmlt m�in+utowaaaet az slltima, Umk: t� �35- (n) I�tasee is a Statc, a Teerimry cr a potsmtion oft�e Ueioed States, me Cky c�EColumbis. or a poiiticd subdivisim oP my af t4e foregoiog willtie ihe meenms oFSeetim 303(a) ott6e lehenal Reveaue Cadc of 3986. n mtended, +� TtNmty RagHlatiaes Aod R�di� cdaxd ihtr�tc. If 3aseea � 6'mcv�matcd, h u disty ar� eod m�stiog ucds tlee Coce4rh�tioa �ed hws oFits juria�a4m afmm�prcation aad Wi do a uues ie 6e done a(1 � m� D� ��D �� aade�stenoe in fWtferoe and effear. (b} Lesuc 6ae 6ocn duty aul6oeited bY�e Cm�4Ri� aed law oftla apPliqbk jtvudietie» md by a radution �ita Swemin66o0y (whieh reeolutioo. Empmtadby I.ecset. ia oetao6edhactc) to c�rot+rte and daliverihis Ieme and tao6 Sappl�eaGodto rarty out ics oblig,rtioosLeteunder. (o) All �i�¢mcoh have bom moC and pmecd�v¢a havc oramd in ordar So msuca 9» edaoeabSi§Y �d'ffiu I.m�e, and tamce Cas rompliad withac6P�Wiebiddie8+squiromentr.iYvp. mmqybe+PO1soblemtlrtrmxatio�eaftemplaUdbylh�l.mso. C�'[h� EqWPIDt� u'ill De used by Lasec onty fa tbe putpau o4petfbtedng me a mme g�ame�t a PeoptidatY 8matioos of Lmee cooaie�cat.rish thepe�missbie sapc oflr�ecS aut6ority aod �ill nKbc u� ia aUede a�na of+�'Poeaoa w' eetit3' o�ut6cn I.a�ee. (e) I.�wa Im� fund� a�a�7ablo to pay rnu t�Mil Ihe md of ik caurent approp6atioa yaiod. and its May� and �affv�1 zcquMiueda W mAke PaY�+iu each appcopriatian pniod, fromnew ur�iltbe ead dtbo-tpm oiffiial.oasa {� This Leue oanstturtu a valid, kgal aad bindiqg obligatim oFinvee mforuabic aga.'� Le�eae iu awocdance with We Rspe�ve tam, 6awf: (gJ Thit I.acc ic aoi an arbitrage bond }Dr Furtpasa of Sati� 146 of the Iakmal Raveoue Code of 1986, ac ammde� sud Las.wr aud itt xtiga am eatitlod to treat tLc inteceal pation of tiw paymmts W be mudc hacuod�x na cxemp[ from fedecsl ipeome hxat ueda Seatim 103 Ca) ofthc tatvna[ Rermue Cadc of f9S6, u ameedei (h) Laax abati wfnmm rococds reiwtingm Wc Lesor and its aaeiges svfficiootto eo�ty wlthtAe =egistatim:equircmcnts eS6xtioa 149(a) ofthe tntemat Rweew Code of 198Q m ammded. (i) TSis eecboo 7eR hlenk G> Thic Loata iz eot aed s6all mt 6s�c a"privam adivity bond^ wiihia ll» meu�B of Scman laI ofthc Iommsi Rwenoe Coda ef 1986. es smandcd. (k) Luacc sbail amp�y witb all preoisiom af the tntemot Revaaua Code of t98S u1ur8 are mnenry ta prarrvo thc ts�c wcampt suNa of the � iataresc camponrne otrbe paymcvm wadc aed W 6e made uader t5is L=eae, iroluding, without iimitafioe, tlfe in�astment md ttbu4 pmvlsiaru of S�aion 3aE, the pco6ibitioo sgaiqxtfederal guarontip undc S�op J,44 (b) aqdthe info[m.'Gioe fepp[ting requ'vcpcW of $ectiep 149 (c). 7. WARR4h"ffE9. Lasra agroeathat ithas seteaed arch itaa af Equipmoot bAUd upae iis ownludgneotead dieck� ury mGsoce upon aay �eais or represmtatioas made by Is�yoc L£S50& ASAKES :v0 wARRANTY WffB RE9E�ECT 70 Tf� EQiIIPMENi. EaRRE6SED OR ID4Pt.gD, +�tCD LE4SOR SPECIFiCqLLy DS5CLAL1fS A1V'Y WARRiL'v'fy OF MBRCHANTABIIdTY AND OF £1TNESS FOR A fAR1ICULAR pCRppSE AND ANY LSAE2LITY POB CO'.JSEQUEA?IAL DAMAQFS ARISING OUT OF THE USE OF OR ?HE INABIISSY TO USE THE EQUIPMPNt Leua ogrw w mnlm rmtsl and othu psY�� requ'ved hcmunda without iegand W ffie aondiGon oPthe Equipmmt md te look oa�y to peesom atlter tl�an Laeor a� aE t6e manutSeNrer, vendac a eonia thaeof ehould any ilem of EquiPmrnt fa euyrnsou be dcfeesiw. So kng at ao Evmt of DeOuh 6as oewrted and 'u eaawss�g Iawr agoea, ta the dxtmt tlky me aai�abk to asaige to Ia�aa. cviffiout m0'retoutse w Iraa, mY wa2mtY r�ccivad by Lenor. 8. TtILE. tlpal uaptea�e nft6c Equipm�nt by Lessee hera+nde, titic m 9s Equipment .n71 vest in ffie Itssak Provide4 houeve , t6nt () upon ihe ocwmaxe of an £ucat of Default os lhet tum u dcSncd in Sedioe 20 heteof or (u) in the e�et tLatthc pusham optiao. if'ao�y'. hu aa bxn exad.ed priet to the aagiratioe dnte thcrmF fitle wili immediatety ve4 iv Isoor a ia axsignee. Fx u loeg aatitle to t6e Equ3pmmt rota ;n Lcaam . I.aoeo at its o�peme a6n11 prmca and dof�d tha tiUe md keep itfree afdl elaims and tiens ethK then �he rig6b o£Cesoac 6orouadet aed etaims aed Hee� ottovd by or y+rio8 tivougb Lsssor. 7S�e Equipmcnt �lull temoio pet�oonl P�P�Y RBxdloes of ics acaohme�6to tealty, md Iasec agnxe m tako eucE uGon at its a�penc �a mayba aceeesaryto petvmtanyffi'vd pady 5rom aeguiting mYl+aerat m4keEguipmentse a scsuk ofik atvehmmtionaky. 9. BHCLJRITY AGREEMENT; FVR1'FIER nSStJ12ANCE6. To sea¢e Urc nerformunee d aq (,csaeo'e oblig,dioas beievnder, Iessec 6eteby ganm tu Iessar a seouThy v�tan� mastihnipg s fira lien on !be Equipmait aed an mll additimc, aa�.+, rcpn�� mplaamee4 and modi&ations tlmrem or thvdor, rocludin8 "u sflor-�uired Equganrnt ef L.a+m, and on aN'P�ooteda thercfrom. ieese agrora to mmcuta or daliuer wah oddidoael dac�cota, including withoui limintiee. Bn'woiagatatcmrnk. apuiiant afcoume�, natica md simi(ar �ten4. ie folmsatisCaatory W S.a�er, whicL I.rxeof dacmi +wuseafY or aPProycime m nmbtiah aod maini.tin its seauity intcrc� iu i}m Equipmeot a for t6e eenfirmLHoa � pcfrs+ioo of ffiia lrsse and Ecssols righta hem�mdrr. L«eor ia hereby authotized to 57e Smnciog etatommec a�ed aaly by Imor m acm�d+emwiytthe Unitorm Cowuetad Codc or:igec6 1ry Laeaor ac Lvaoe's atte7nry ln faat 10. LAWS .WD T.47�S. iaeaaa sball oomply wilk d17nw md mg�lafiaas rotstio5 m Urc Equipmrnt aod ite uee and d�all promptty pay wLm due at1 wt� vac, W'aP�Y. exoisa and ethttt�ta ond atl lieeate ond repidrutien fca now or bcreaRor impostd b9 mS' Bove�enm� b°dY ��S' ��, Equipmmt or iev uu m 6u n.umis hemimder drludm� hewcm aaSfams at er meuswrd by La�ur4 oet iocoma Upan requat by Leasx, L�,:c.6aff P*�P°T aadSIo all Wc xturas releting ro mxcs fer xfiich Iesue u ropoaublc hccunda wfiidr I.auee is permitted to file wdcr Wa kws ofrhe applio�bte tsxingjurisdiorion. � 11. INDEt.L�71Y. Lmec ls�ctry indamifies and �{ees m�n.x Lveaa haeilass 8nm my �md ull tinbility aod ��iying out oP t6c ordviag ewe��yhip, w�, wndilion ar operotion ef eaeb item dfquipmentduringil�etvm ofthie Gcsse iocludieg Hob�ily for dadb or injury to petaoat damage m 2 ETi£'d 0S0'ON 1N3W153/V,II 1S3Ma0N WdOi:£ 866i'0t,"lftf Rg-63� � � �� D�oP�S: �'ia liobilay ueder du La�v a judiaat dciciom ofscy sLUe ot t6t Uerittd Swtes. aad 1e8c1 cspenc¢ in defwding m�t' claite brougM U enfotce anysuch Ilobilfij ot expcm4 but accludin$ asy liabslflylMwLioh Ia+ee ia mt reapowbk undcr 9xlicn SO. 72. ASSIGh?AElvt'. A'C}WUt I.wori 7�� w�� aS Lros�e Wll rtot se1L a�, su63ey Dicdge ar at6riwiec t.natmba of P�IDit i fieC Yvou� Iwsmeto aatt on w asaimt my iataaet ia this Iaase or the Equipm�t «�emove thc Equipmant from rts lomtioe retared W abovc t.awr may ae�ig� iti'mhrrrt le tbit LWe iC� St� ef pi4t n feCUtity mi4q[ IL Dn OI 3II5' P$l OPibC � MS�au[ Ii�Bm'a LOIUCLt IA�E'e CgteOS DD[ U aT5lR 3�ESC�liFijLC00YI2{l�LIl� CIYIffiOf�OCOL�OLOS5C0IDpyI1GVC 0$OINIS.tlf�. i3. nuseecn�v. t�may �+w�;vm�,c�y�marwmsimeu� a�r�w� bu.� a�. 14. REPAIItS. Lwa .viU wc We F.quiDmmi with due eme md fnr ttic putpoae fx �hich it is iatmdaL I.eaec xill maintain ffie Equipmwt m gopd f�'P3V, COM{IItOG :ISd �t Otdet Lad wil� }uthi8�1 L{� pIIRt 1Ga fOM1YG3 50911Utd 4hctfo[e, a}1 af Ib a�Cyl6. f1n 6ftC11 QVCS M�eG fllRlfhld s� 1�14t4�}'�C 1be FpOP[{fp OE�i.'660f LGQ �'.G[ O[1�7G �lf�tmf fC! IIl{ f17Ip0f06 � 15 L09S OR DAA�eWE. Ie tbe avaa mry imn af E4+iPm°eR dWll baceme lost stelaa deetrnYs4 deroaBeA Leyo°d mpair °r rendarod peimotlaMty ue5t for uve Imany rea�en. or;n thc ev�ot dmadcmeatiat or seiau�e ofaay �em of Equipmen� Lwm etmJl promWYPaY Lasot (a) the mnou� ef aV � and athc nmou}Rs pcyablo by Losnoo Leroundor with resped w a�eh itom duo twt uepaid s 1Le d�Se oP fuoh PaYmmt Psu+ @) thc cmmut g� in ihe Suppkmont x an ofd�ibit tbercko u fhe Saminrtion 8alana iedudedin F.�ibit °n°, PLu (a) maawuat oqual tothe applicable 5as1 purah�s opti� Pvia •et fmtM in tho Supplemmont or aey exlubit thvew. lipoa payfocat � au�h amoum U S.asor, sudf item sbntl baome ffie proputy of I.eaem. Lemor w�l 4amibr u I.essee. wiihout reoounc or wanaut.y, otl of Lessor's eidht. iitle aod mterut fhacin, fhe ra� with resped to wd� item sfiall taminatc. md t6c basic reatd paymmh on fl�e rcmai¢ing items ebalf be xduc�d aamdiogly. L�sene �I pay any salec and uto t+aces due on wc6 traadrr. Aey ine� or wnacrrursuon aroc�eaas meivea.ilwu be aca;ua m t.oasoe's eetigwoa w�ea u� pxogaph m,e tsqa. sbau be entKlmw anr wrplus. 16. IIASIJRAIVCE. Lcscc duit obtain aod maiataio m or wtth rwpect m tbc EqnipmoM at ite owe eXpa�e (a) liabUity insutanx aga'vat tiebiliry for bod;lY aiu�' �d PtDP�nY d°m+B° �"'ith a minimum &mit of E5QO,0ao wmbiaed si¢gte limie aed @1 PhY� dam�c iiuurance mntcu+B agaisist ku w daenage to mc pquipmmt in aa mnouat mc Iw tEan tlm tufl rep2aeemem valua efihe Pquipmeut w tLe amount arated in rho Supplmam� a an exlnbit flferato as tde Tmoiontlm Bdance. lssem �hall fumia6lester w1tL a eertifiantc of mmemx cvidonciog tho ieaumce of a potiay a poLoies m I.essee m at teau 1he mietmum emoum. rcquired heroi4 aamieg Lmsor w nn additiawl inmrcA rbacunmx forthe liabitity ooveng,e md u loa paya for �he prapcty domnse covernge, Psth eueM poliry sLall be in weh turm md wdh aueb inavrers a� may be suicfSotory m Lawr, and il�all eoMaio n elauae [equiting tlw invrmrw giw W Lesaor at Imut 10 day� yrior wrinm mtiec ofa� ahatstion inIDe ta�m ofnuoh poliry w the waeollation theroo£ yad a eLwse speoGyinB that no uaion or avareprcacntaGon by Lossee sLntl invulidate wchpoliry. l.naeor ahsll be vnderno duty to asoermin t1u exinenc ef am exnminc my wcb pality or te advise Lessee in the event any au�b poViry ehaVt nat comP�Y with the nqu"eemcM thacof. lu thc evcnt thut Losue hss Deon parmited m reff- mwrS l.eacee u7ll fumieh L�or with a lehx or arti5rate m e�uh effcct. 11. H£TURP7 OF TF{E EQ�'74MENT. Upon fhe eapirafion or earlior terminatioa of Urix I.eeae, udee� ell pa�ent+ arc made as dasm'bad in the 6uppteeunt the Lasee witl irtuacdietoy ddivar tha Eqtripment m I�eor in tho aamo oondition u w6ee daliverod to Isute, erdinuty wear and teur or•w�. at ¢uch loc,uion wit6in tbe eovtineaml United Sfaue as I.rosor sfiall daigiwte. Lnue shdl pay alt trmvportation and other axpoases rolatiag m eueh deGvay. I R. ADDTITONAI. ACTION. Lwee will premptly ozecute aod deliver to I.aset yueh fu}!hc doeumcw and takc auch f+uther action as Les�ot muy request in ordu k more efTedive}y carry out the iMont and {we�wee oEtkds Levc, estndingt6c exm+6on aad dalivee�' of aPPro4n�te Tmonang auaemema ro fiiUy prolcct Lpaor's itlterest bereyndar vl atmtduoce tvitt� tho Unifotm Commueial Code et ethar opplioubte law. Ineec will Sutaie6, from tiuxs W time ap rrqucst a copy of l.essee's Iakuamunl hal9uce s6cot and income stakmeM. l9. LA7'E CHARGES. lf my'usstallment o{y � u not paid whm duc or within 5 days U�aaafteL I.essot may impose a Iate �erge of up ta 5°h of the amouirc of t6c ;uarallment but in se�y a�mt aot more thm peteaiCOd py apPlioabie law. Paymenfa 4he�eaRrr xeccivod ehall be appliod fust W ddiuqunrt i�uTSllmeuSCandflfen W amnt3natntlmcn4. 20. DEFAU[.T. Buh of Itie fol]ouvmg evca{B yball ppatfip#e yp "Eveot a{ fk{auk" ha+eunder. (a) Lsttm sbo11 fiil ro pny wl�m due my m#atlmcnt of bosic rcnk N) Lcauc shall fail to observe �yedom� mry ot�a s�eamentU be ebserved a perfowcd by Lcsrc Irrwndrt anP the continumee tLareoffa 1D estendu daya followal6 wrinen notire Waroof by Lesssor to I.tsser, (c) any we,raog rcpraeepyatiop or stii�mmt made or f�mis6ed to Leswr by or on be6nlf oPlss+ee provn tu have boen fatx otmisleading m aay rswterisl rasPect; or (d) Les�ma st�nl! volunmrlty file, or hnvc fitrd agaio,a it ievofu�tvily. a pctitien for liquiAtion. taorganimtioq adjuatmcac of debk ot similu nl;d under H�e £edaal x etate Bankruptey Code or aay olhet P�mt or fuhuc fatlenS erstate bsakivptry m iosaWenry law, a aiwteq recavcr, a�8quid�tw ehatl be appointed of i! a atl ofu suMmmiat psrt o£its aweta. 21. REMEDIE6. Lessor and tFaue aPloo that IassoYs dmnagr� su@'xcd by rcason af so Evaot oP Defnult ore uncntain md aot mpabk of oxaet mcn�urm�rnt mfl�c timethis I.eate is execuledbeeamet6e value ofUte Equipmeet ak t6e expkat[on oftl�ia Leaae ia uvcoRain, aod thareforo t6e1' f�te 76nt for puryosae of tltis SxGoo 21 "issso� L.ou" op of aAy daU shall bt thc sum ofthe following: (1) tho aMOUnt of all rmt and eLw �ounla prynblc by Isssea barovndu diu but �npaid � ofiauch dua plus (2) the amo�nt smted in tha Supptomeot or �e mfiibitthemto aa fhe Tmniaation Halanco, ptus (3} an mnount cqnnt fo tho applieahU P�ase p�e eetS'otfh intha Supplunmt tJpon the occunwcc of aa EveM of Def3utt und ��y iima thara4to. Leaor muy excrcisc syy ox or mote off6a remedies listtd bebw m i.e.sor in its ule disordioe muy lawtuily etmk 4mvidad, however, that upoa No xcwreau of ae £vmt of De�Wt apci.-i5r.d in Sectioe 16 (8� m amouat a9ua1 w Lwah L� u aftha psta Ofsuoh oeeurtence s{wl! automatipl7y be aad beaome i�cdiutcly dua and payable VriUwut iatia or dommd of'mry kind a Lwor mny, 6I' writtoa notia� W IpteS eaue�sr. this Leaao aed dealMe an maount cq�m1 W Iaaso�'s Last as of tbe data ef wd� natiw m bc imma}iamly dua and PaYdblq snd the aamo chsll Umra�pan be and bccomc immo0iauly due and PaYeble wil6out further notim n demsn4 and all eip�fb ef Inree !o �ae t6c £quipmoot shatl tetnwutu but icecm 66af16e and ttm.va liabte m pruvided'm this 9ation 21. Laesm sh�ll at ifs ezpease prumptly Eiib'd 050'ON 1N3W153ANI 1S3M?JON WdOI:E $66I'8I'"1(lt q�-�3s" dd;.2r me Equipmmd m uuw u n boo4on or ix+eioy *�hin me oonsnmw traitea sma �i� by Laeor. t,.s+or mry sw ema upm me promisas vhero Uro Equipmmt e Ionrcd md tske imle�0iate Dms�vian aEmd mmvc �e aoma wRh or �ithatt imfi W tiet � P�o�admaa. B. Iraor may Pr°md bY aphvpt�a teuR mlim ro coforcc perfomlioa by I.aaee alt� ayplimb4 wornv�n aE9rit Ltsac orio �'N'.2bt 6te�oh et flus Lsma WuatY Les.v av eFthe dae Iiaw's Leu u deelxad diw md psyebk � .-, P'°`^daf.6a.owoc tlut upon tewwry aPL�ssetS I.m+from I.es�miaanY�aaianwitlicul6sveogiotepo�xeeccmd�af'1LeFquipravt I.a�ordmiSUaeifaV�cF.mi'ry�actoImxatmriLrn7amROnupos PaY� ��' addicioeal amwmtAue uoda atcu�e(C, D. � bolw. c m � � �„�, � � �,,;,�. s.� �u �� a� r.�a�u � Na.�r� �t�ti �nu� � �r�u or ksu csdi 0em af P�NiP� ie weh aaumhx aadupm�wd�le� asTsawrinsy in us wia disaaiandetomima. Thepcoreed� d auch Wc rc lnmm �ha0 be app{itd W refm6ime Lraor fw LmorR Less aed trry ad�timal ama�ot due smdcr clnun jD. Ej bdow. Iasfee afiotl be wtifled tc aey aupius aed i.n.cc ahall *cmaie tiable for aey de5eimay. Fw pwpomc ofihi.s eubpart�gtayh, We D� af mY leuc af all m�YP� �� PIDmt UY Imor fluube the �mouoc�en.ou.eyaari�recy Laaor sc tbe oat ofwob Equipm�c m d�cmi�iogtto rmcuear �ah Ussa D. Lcu�wymava intorxS m Oro u�pnid bulmcc �'LuwrsLosafr� dota itbeaomapoyuWe uetit5itlypa;dstnialeof! & Lcnr may aoccitc ary� oNwr rigbt ar ramedy svailaWc W& by faw ar 6y:@eemeet, aed may ie my evmt rewver legpl fmc aod of6er axpeeus incmmd by' rcuaa otm Evaa of Ddavk a W� e�oxeim of any rcmedY 1,anmdQ i�nd'm8 a�ases af »possessiai nD� �a6�� sP�� aaddi.pcw8ion oftho Equipmeac No remedy pven in tina aeetion is mtmrled to be amlussv. md md� dnD ixi cumuktiw bmt only m tds extent neeess�y m permit Lnror m rom�v �ama far+r6iotr Lassee ia liabk heroundu. No cxpra� a iv�ptiod waiva by Leeeu ofa� Evmt of De&uh aholl mertmdc nwai.ar ofa� otha� E�aet of DotaWt 2Z NOTTCES .4ny wriurn aotice haeundv m Iswcs ilmR bc dwmod w Lm beee givea aime delivaed pc�onstly m dcpsimd'm fho Unitsd bYaDes mnikP�B° P�d aaacauaa ts�vx ac a, addtw eacfotth abm�a er m su�h m6v,.ad�ei, u mry be taeclmoaaw Loeeoe. 23. NET LEA6E AND UNCONDtTlONAL OBLtQAT10N, 'lyia Luco it a wmpldcly rtK lasse md Leuee'a obfigutim tn p�r thc md and a�ounb payaalc �eouedetSeotiomlSmd2lbun�ond8ioaalaedeotsWgedWOnYabotrmon4*cduR+on..c�'ordoSaaeoaSaeykindameptasarpressly 24. PREPAYMENT.'fhia lm¢ aod ap� rotamd Supplemmtmay bc pcpaid'm wFd4 but na in 4�. md on a rogalsr p�yment dah wiffi fmty-five (« d¢y' wrhtm ooCm to Geacot. upon PaYmmt of4hc aamuM�otfort6 a6 T•�••'•�.e�^• Vaiva ontife Edd63tAamc6cdtn wid 4uppictnaat. 25. i�ON�CANCELtnBtb LEfSE-This Lave aamM bc cmmkd ortc�wated ascoptac mpinssiyprovidep hetaia �c. svRVrvAto£ IlvDEMh'n'fES. t.wsS cbtigae;ooa unax seatinons lo ana li �hutt aurvhetmoimtim o£mie Lmac. 21. A4SCELLAA�OUB. Aqyqavirioa aftbia Leaae wttidt is uoeofLrcee6le in "n5`1�� L a¢to jucbsdiefio4 6e ineHtative m tAe esknt ofauh unaoCOraWNlity wittiaut 6rvalidntieg tM fem,tieieg previ�i�a o£ Wic ]cuoo, adiQ atq sud� uneefaceability !A aq' jtmsdittim dwll not Icadttt necnforwbte wch Dro�ision ia tmy oth7 jurisd+eiioa Thie Lei+e �al( ie olt iespeats be yrovervr� by, aad ao�cuod i¢ xcordanea artiL Ufe suhVantive lews ot16e nue in whicu tkic Lwoa is loca6ed 4 � � � ET�S°d 050'OFt 1tJ3J153rWI 153Ma0t L1dii:E 866i'0I"�(l.0 `l8"-�35 � � � Signatute Page to Govemmentai Lease.parchase Master Agreemern Dated Tuly 30, 1998 Lessee: City of Saim Paul; St. Paul, Ivinnesota By: Iis� Mayor I.essee• City of Saint Paul; St. Paul, Ivrrmesota By: Iu: Director, Office of Financial Se�vices Lessee: City of Saint Paul; St. Paul, Minnesota BY . Its: Chairman, Saint Paul Civic Center Authrnity and Approved as to form: Assistant City Attorney Lessor. Norwest Investmeat Services, Inc. ay: Tts: Senior Vice President ETi9'd 050'�J 5 1N3W1S3ANI 1S3MNON Wd2�:E 866L'0L'lRt qc�—� 3.� Norn�est Is�estment Suvixe, Ine. Nortbstaz Fast Btuldiag, 9th flool 60& Second Avenue South Minneapolis, MN 554�9-0146 sUrrt,EMErrT �ro NrasrEx �,,s� Name and addmss of Lessee: City of Saint Paul 15 West KeUogg Boulevard St_ Paul, Minnesota 55102 ,..«.u� �� i� This is a Supplement to the Goveramental Leas�Purcl� Master Agreemeat identified above between IRSSOr aad Lessee (the "Mastei Lease"). IIpoh ihe exe�ution aad dchvery bY Lessot 3ad LcSSee af tLis Supplement, Lessnt hamby age�es to IeasE w Lessee, and Lesqec hereby agmes to lease ftom Lessor, tLe Property degen"bcd belpw up0n the tesms and eoadirions of ttds Supplemcnt aad the Master Leese. River Centre ProjectExhibit HalUMeeting Rooms Fumiture, Bai(roam Furnifure, Staging/Riser Package, Office Fumiture & Equipment, Building Operatians Equipment and,dwdio�su&I Equipmerrt �� s w,�txa�uggaoWeva.a Rmt eommencement date 7.30-96 Tam in moatha from mtt wmtncnameat R.entat paymeat period (eteck mie} ❑ Monthly ❑ Quazterly X Semi ❑ .°.uauallY a oU,« - sx addihonal pmvioions PIOViSi005: B�� t�t x,�mtec or na�� Paymeats Paqments Paymears s»s.7ze.sa so .a tataestRste FuatPayaeaR FinsiPiucUese Dne Uptioa Price � � . ''cT/1.'d 850'ON 11 153M210N bJd�ci:E $66I'flt"lf1F qg- 6 3s � u � Signature Page to Supplement to Master Lease Dated July 30, 1998 Lcssa: Ciiy of Saitrt Paui; St. Paul, Minnesota. By. Its: Mayor Lessee: City of 5aint Pau� St. Paul, Minnesota By: Iu: IJirector, Office of Financia] Services Lessee: City of Saint Paul; St. Pau1, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as to form. Assistant City Attomey Lessor: Norwest Investment Services, Inc. By: Its: Senior Vice President 2 Eti8'd .- 050'ON _ 1Fi3W1S3ANI 153M2lON WdZi:E 966T'�I "Rlf 9�- �3s' w,�«C�e «t�t� e�i� C'ity af Saint P�1 EsWbit A � Tonl Psymcat 7nterat p�Gp� A{ta' Paymmt Atter Paymmt PaSmeot Duc Pmt � PsYmmtDue PsymentDue B �� Te V � Datt 'S2 Ja130� 1998 1 5115,928.58 564.94Z.80 $50,785.78 S2,Z89,Z14.22 - Feb 1,2999 2 siis,�� s�,isz.3i ssz,sa6.s� u,�s,��ss 52�281�69L4d wus i, � 3 5115,728.58 S6I,T32.04 553,996.54 52,182,671.02 SZ,ZZ5,286.86 Fcb 1,Z000 4 S225�728.58 560�242.73 555�486.84 52,227,184.38 Sa,16T,41i74 Aug 1, 200Q S 5115�728.58 sss,naz9 557,018.28 52,070,166.30 52,108,U39.98 Feb 1�2001 6 5115,�28.58 S57,136.39 538,541.99 52,OZ1,57431 52,047,120.44 A,ug i, 2001 ? SIIS,728.38 SSS¢39.45 560 51,951,365.18 52,984,617.00 Fch 1, 2082 8 5135,?28.58 553,85T.� S61,B'lQ.90 $1,889,444.29 $1,920,488.46 Aug 2, 2002 9 5115,T2&58 552,250.04 563,578.53 S2,825,925.15 5�,854,692.59 Btb 1,2D03 3U 5115�928.SB 550,395.27 565,333.30 $1,960,5$2.45 51,78T,186.02 Aug 1,2003 11 5115,72&58 S48,S92.06 567,136.50 51,693,445.95 51,717,924.28 Feb 1,2004 12 SiiS,128.58 S46,T31.11 568;189.47 51,624,456.A9 51,646,861.74 Ang 1,ZOdd 13 5115,728.58 544,835.Q0 570,893.56 51,553,56291 S1,573,95L36 Feb 1, 2005 14 Si1S,71$.SS 542,878.34 572,8.i0.24 S1,480,712.6? S1,499,145.73 Ang 1, 2005 15 8115,728.5$ 540,867.67 574,860.91 51,405,831.t6 $1,422,394.94 Beb 1,20U6 16 5115,728.58 538,881.5I S96y2Z07 51,328,9Z4.70 51,343,6d8.64 Ang 1, 2006 19 5115,?2S.S8 536,6?&32 S7�i S1,2A9,874.44 51,26Z,854.43 Feb 1, 2009 18 5115,728..58 53A,A96.53 S81,Z32.64 S1,1G8,64Z.40 Sl,l?9,960.58 Aatg 1, 2007 19 5115,7Z8.38 532,254.53 583,474.05 51,085,168.36 51,094,9�0.98 F¢b 1,1Af18 20 S11S,728.38 529,45Q.65 585,9?T.43 5999,39Q.43 51,007,650.09 Aeg 1, 2008 21 5115,728.58 $17,583,18 588,1dS.40 5911,245.03 5918,I20.41 Feb 1, 2009 22 5115,728.5$ 525,750,36 59Q,578,21 5810,6GG.SZ S82L,2G2.47 Aag 1, Z004 23 5115,728.58 $22,650.40 S93,OT8.17 5727,588.64 S73? Fe6 i,2010 zs sus,ns.sa sio,osi.as sss,6a�.� s�a�,sei.s� s�as,�ii.ia �8 i, mio 25 5115,728.38 S17,441.59 598,286.94 5533,654.53 SS36,110.87 Feb 1, 2012 26 5115,128.56 514,?28,86 $100,999.71 5432,G54.81 5434,3I3.18 Augl,?All 27 $115,72B.S8 SI1,9iL27 5103,T8?.30 5328,867.51 5329,884.46 Feb i, Zff12 28 5115,728.58 54,076.74 5106,651.83 S222,215.68 5222,T33.39 Ang 1,2Q12 29 5215,728.58 56,133.15 5149,595.d2 5112,620.26 5112,'/95.88 Reb i, 20]3 30 SIi T28.58 53108.32 Si12 620.26 .00 Si.OQ Au 1, 2013 � � G:ILEASEISCHEDIILEI[RivrrCcnira�isJLca�c ?li0/98 2:58 Phi Norw�e� Iavestmeat Services. Ine £ii6`d 0S0'ON. 1N�J1S3ANI 153M210N Wdci:E 866F'0T'�lf ��- (� 35� � DELIVERY AND ACCEPTA.�'CE TO: NOIiWEST INVESTMEI��'T SERVICES, INC. RE: LEASE AGREEMENT DATED JULY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBlT HA�UMEETING ROOMS FURNITURE, BALLROOM FURNiTURE, STAGiNGIRISER PACKAGE, OFFICE FURNITURE 8� EQUIPMENT, BUIIDtNG OPERATIONS EQUIPMENT AND AUDIQNtSUAL EflUlPMENT While not all of the property described in the above LBA.SE {the "Properry") has � heen delivered to us, we herehy request funding for the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or instalIations completed. We hereby accept the Property pursuant to the I.EASE, agree to have the LEASE commence, and aclaiowledge ihat all the tenns of the LEASE aze in fiill force and effect. We understand that, Section 6(g) of the LEASE natwithstanding, if the fundirag proceeds, $2,340,000.40, are not completety disbursed by January 30, 1999, the LEASE may become subject to the investrnent and rebate �.e., arbitrage) provisions of IFtS Code Section I48 and we will comply with all reporting and, if applicable, rebate requirements thereto. LESSEE: CTCY OF SAINT PAUL; S?. PAUL, !bIINl\TESOTA BY: IJirector. dfiSce ofFinaneiai Servirps (Title} — July 30. 1998 (Acoeptance baze) � E[�L'd 050'ON - tiJ�7i53ANI i53i9?JON 1.1dEt:E , 86b�'01"f�t q�-�3� � CERTIFTCAT'E OF APPROPRTATION � of City of Saint Paul ("Lessee"), hereby verify that all lease payments due by the Lessee under that ceRain Govenunental I.ease-Purchase Master Ageement dated as of duly 30, 1498, between the Lessee and Narwest Investment Services, Inc. as Lessor, for the fiscal year ending Decembar 31, 1998, are within that 5scal year's budget and within aa available, une�shausted and unencumbered appropriation for the Lessee. IN WI113ESS WHEREOF, I have set my hand this day of 1998. Lessee. City of Saint Paul; St Paul, Ivflnnesota � Its: Director, C�'ice of Financial Services � � £TiLI'c} 050'ON 1N341153MII 153hRI0AI iddEi:£ S66I'0L'"lflt �'�- 6 3s � 3TATE UF MIlV'N�SUTA UCGl FINANCING STA'I'�MENT This statement is presented for filing pursuant to Mianesota Statutes th. 335.9-4U2 DEBTOR Ciiy of Saint Paut, Fed I.D.: 15 West Kellogg Boutevard St. Paul, Minnesota 55102 SECURED PARTY Nonvest Investment Services, Inc. Nonhstaz East Building, 9th Flaor 608 Second Avenue South Minneapolis, MN 55479-0146 � COLLATERAL FOR USE BY FlLING OFfiCER ONLY River Centre Project:F�chibit Hail/Meeting Rooms Furniture, Baliroom Furniture, Stagingil2iser Package, Office Furniture & Equipment, Building Operations Equipment and Audio�sua! Equipment (to be located at 175 West Kellogg Boulevard, St. Paul, Minnesota 55102) LEASfi I�TO. 0040-002 RETL'RN ACKNOWLEAGMENT COPY TO: Norwest Investment Services, Ine Northstar Bast Building, 9th Floor 608 Second Avenue South � Minneapolis, MN 55479-0146 ATTN: Karen Drahos-Peifer Aebtor Signature Secured Pasiy Signature £tiZL'd - $S9'Oi�f - . _ - 1N3W1S3hNI 1S3MbON WdcZ:E 866I'0I'�f1f. q�—�3s� IlvCUMBENCY CERTIk'ICATE I, do hereby cerkify that I am #he duly ete�ted or appointsd and acting Gerk of City of Sairn Paul, a political subdivision or agancy duly organized and existing under the laws of the State of M'mnesota that I have custody of the records of such entity, and that, as of the daxe hereo� the individuals named below ara the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (n the signatures set opposite their respective names and tities are their true and authenac signatures and (II} such officers have the authority on behalf of such eatity to enter into that certain Govetrunental I.ease-Purchase Master Agreement dated 7uly 3Q 199$ tsetween such entity and Norwest Investment Services, Inc. (Lessor). Name: Its: Mayor Signature: Name� Its: Director, Office of Financial Services Signature� I�'ame� Its: Chauman, SaintPau] Civic Center Authority Signature: IN WITABSS WHEREOF, I have duly executed this certiftcate and affixed the seat of such entity hereto this day of . 1998. �� . � � � __ _ . - , 'F ' . � Ei�fi'd -650'ON lN3W.1S3hNI 1S3M210N �-WdES:£ -$66L'0T'�Flf CouncilFile# \� — �o3s Green Sheet# �� \ _ `� �� Presented By Referred To RESOLUTION CITY OF SAINT PAUL, MINNESOTA l _ .,9 � 1 I Committee: Date 1 2 3 AUTHORIZING A LEASE-PURCHASE AGREEMENT FOR OPERATING EQUIPMENT AT THE RIVERCENTER 4 WHEREAS, the City of Saint Pau1, Minnesota (the 5 "City"), has solicited proposals for the tax-exempt lease- 6 purchase financing of operating equipment for the RiverCenter, 7 and Norwest Investment Services, Inc., has proposed the most 8 favorable terms; and 9 WHEREAS, a Governmental Lease-Purchase Master Agreement 10 (the "Lease-Purchase Agreement'�) by and between Norwest 11 Investment Services, Inc., as lessor (the "Lessor"), and the City 12 as lessee has been prepared and is be£ore this meeting; and 13 14 is 16 17 18 19 WHEREAS, in entering into the Lease-Purchase Agreement the City is exercising powers under its home rule charter and powers granted by Minnesota Statutes, Section 465.71; and WAEREAS, the Lease-Purchase Agreement is subject to annual non-appropriation, and the City has the right to terminate the Lease-Purchase Agreement at the end of any fiscal year during its term; and 20 W'rIEREAS, the Saint Paul Civic Center Authority will 21 provide moneys for making the payments on the Lease-Purchase 22 Agreement: 23 NOW, THERBFORE, BE IT RESOLVED by the Council of the 24 City of Saint Paul, Minnesota, as follows: 954851.2 FI (3 q�-�35 1 1. Lease-Purchase Agreement. The Lease-Purchase 2 Agreement is hereby approved in substantially the �orm submitted, 3 with such deletions, completions and changes therein as are 4 necessary and appropriate and approved by Bond Counsel. The 5 Mayor, Director, Office of Financial Services, and Chairman of 6 the Saint Paul Civic Center Authority are hereby authorized and 7 directed to execute the Lease-Purchase Agreement and such other 8 documents as are contemplated thereby or necessary in connection 9 therewith, including a Supplement to Master Lease and an Escrow 10 Agreement. il 2. Purpose. The Lease-Purchase Agreement shall 12 provide funds for the acquisition of operating equipment for the 13 RiverCenter (the "Project"). 14 3. Pre�avment; Purchase. The Lease-Purchase 15 Agreement shall be subject to prepayment at the option of the 16 City. At the expiration of the Lease-Purchase Agreemer.t aEter 17 its full term, the City shall have the optien to purchase the 18 Project for $1.00. 19 4. ReQistration; Transfer. The Treasurer of the City 20 is hereby appointed the registrar with respect to the Lease- 21 Purchase Agreement. The City will cause to be kept a register in 22 which the registrar shall provide for the registration of the 23 Lease-Purchase Agreement and the registration of transfers of the 24 Lease-Purchase Agreement. 25 The Lease-Purchase Agreement shall be registered in the 26 name of the payee on the books of the registrar initially and 27 when notice of any transfer or assignment is received. The City 28 and registrar may treat the registered owner of the Lease- 29 Pur.chase Agreement as the person exclusively entitled to exercise 30 all the rights and powers of the owner. 31 The registrar may require payment of a sum sufficient 32 to cover any tax or other governmental charge payable in 33 connection with the transfer of the Lease-Purchase Agreement. 34 5. Treatment of Registered Owner. The City and 35 registrar may treat the person in whose name the Lease-Purchase 36 Agreement is registered as the owner of the Lease-PUrchase 37 Agreement for the purpose of receiving payments thereon and for 38 all other purposes whatsoever, and neither the City nor the 39 registrar shall be affected by notice to the contrary. 40 6. No Funds: Arbitracxe. Until expended on the 41 Project, the proceeds of the Lease-Purchase Agreement shall be 42 held in the custody of the Lessor pursuant to an Escrow 43 Agreement. Payments on the Lease-Purchase Agreement shall be 44 made from annual appropriations, and moneys to make such payment 45 shall not be segregated in any special fund. Moneys to make 954851.2 Z °�g -L35 1 paymenCs on the Lease-PUrchase Agreement shall be provided by the 2 Saint Paul Civic Center Authority. 3 No portion of the proceeds of the Lease-Purchase 4 Agreement sha11 be used directly or indirectly to acquire higher 5 yielding investments or to replace funds which were used directly 6 or indirectly to acquire higher yielding investments, except (1) 7 for a reasonable temporary period until such proceeds are needed 8 for the purpose for which the Lease-Purchase Agreement is entered 9 into, and (2) in addition to the above in an amount not greater 10 than $100,000. To this effect, any proceeds of the Lease- 11 Purchase Agreement and any sums from time to time held in any 12 City or Saint Paul Civic Center Authority aocount which will be 13 used to make payments on the Lease-Purchase Agreement in excess 14 of amounts which under then-applicable federal arbitrage 15 regulations may be invested without regard as to yield shall not 16 be invested at a yield in excess of the applicable yield 17 restriations imposed by said arbitrage regulations on such 18 investments after taking into account any applicable "temporary 19 periods" or "minor portion'� made available under the federal 20 arbitrage regulations. In addition, the proceeds of the Lease- 21 Purchase Agreement and moneys used to make payments on the Lease- 22 Purchase Agreement shall not be invested in obligations or 23 deposits issued by, guaranteed by or insured by the United States 24 or any agency or instrumentality thereof if and to the extent 25 that such investment would cause the Lease-Purchase Agreement to 26 be "federally guaranteed" within the meaning of Section 149(b) of 27 the federal Internal Revenue Code of 1986, as amended (the 28 "Code"). 29 7. No General Obliaation Pledae: Initial 30 Apnrot�riation. The Lease-Purchase Agreement is not a general 31 obligation of the City but rather is payable from amounts to be 32 annually appropriated, and the full faith, credit and taxing 33 powers of the City shall not be and are not pledged. Payments on 34 the Lease-Purchase Agreement are due semiannually in arrears over 35 its fifteen-year term. No payments are due on the Lease-PUrchase 36 Agreement in 1998, but the City hereby makes an initial 37 appropriation for the portion of the Rent accruing through 38 December 31, 1998. 39 8. Records and Certificates The officers of the 40 City are hereby authorized and directed to prepare and furnish to 41 the Lessor, and to the attorneys approving the legality of the 42 Lease-Purchase Agreement, certified copies of all proceedings and 43 records of the City and Saint Paul Civic Center Authority 44 relating to the Lease-Purchase Agreement and to the financial 45 condition and affairs of the City, and such other affidavits, 46 certificates and information as are required to show the facts 47 relating to the legality and marketability of the Lease-Purchase 48 Agreement as the same appear from the books and records under 49 their custody and control or as otherwise known to them, and all 9saasi.2 3 �� -�3s F� 4 5 6 7 8 9 10 11 ia 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 9. Negative Covenants as to Use of Proceeds and Pro�ect. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement or to use the Project, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Lease-PUrchase Agreement to be a��private activity bond" within the meaning of Sections 1�3 and 141 through 150 of the Code. The City reasonably e�ects that no actions will be taken over the term of the Lease-Purchase Agreement that would cause it to be a private activity bond, and the average term of the Lease-Purchase Agreement is not longer than reasonably necessary for the governmental purpose of the Lease-Purchase Agreement. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement in such a manner as to cause the I.,ease-Purchase Agreement to be a"hedge bond" within the meaning of Section 149(g) of the Code. 10. Tax-Exempt Status of the Lease-Purchase Agreement; Rebate; Elections. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the in�.erest on the Lease-PUrchase Agreement, including without limitaCion requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Lease-Purchase Agreement, and the rebate of excess investment earnings to the United States. If any elections are available now or hereafter with respect to arbitrage or rebate matters relating to the Lease- Purchase Agreement, the Mayor, Clerk, Treasurer and Director, Office of Financial Services, or any of them, are hereby authorized and directed to make such elections as they deem necessary, appropriate or desirable in connection with the Lease- Purchase Agreement, and all such elections shall be, and shall be deemed and treated as, elections of the City. 37 11. No Desianation as Oualified Tax-Exempt Obligation. 38 The Lease-PUrchase Agreement, together with other obligations 39 �ssued by the City in 1998, exceeds in amount those which may be 40 qualified as "qualified tax-exempt obligations" within the 41 meaning of Section 265(b}(3) of the Code, and hence is not 42 designated for such purpose. 43 12. Saint Paul Civic Center Authoritv. The Lease- 44 Purchase Agreement shall be executed by the City only after 45 approval by the Saint Paul Civic Center Authority. 954851.2 d g _�35 1 13. Severabilitv. If any section, paragraph or 2 provision of this resolution shall be held to be invalid or 3 unenforceable for any reason, the invalidity or unenforceability 4 of such section, paragraph or provision shall not affect any of 5 the remaining provisions of this resolution. 6 14. Headinas. Headings in this resolution are 7 included for convenience of reference only and are not a part 8 hereof, and shall not limit or define the meaning of any 9 provision hereof. 4Rl��A� Adopted by Councii: Date S Adoption �ertified by Council Secretary u� Approved by May� D�te �� '�� a� ' B 954851.2 �j � o 0 � � c� c�..� 13 . GOV�RNMENTAL LEA3E - PURCHASE MASTER AGREEMENT Name and Address of Lessee: City of Saint Paul 15 West Kellogg Boulevard St Paul, Minnesota 551d2 Llssor. Norwest Investment Services, Inc. Northstar East Bnilding, 9th Ftoor 608 5econd Avtnue South Minaeapoliv, MN 55479-0146 i. . L ,. E ,t ASE. Lezwr het�by agas w tmeo ro Lacc�e� �nd Leua hercby agccs to Iwso 5vm Lnswr� fha Personel PropctY daaibed 'm a Suppioabnt « $�� t{�B A5�0� t.0.15i $OID 11mC 40 ti4le Sl� �' LOAWI.Md 32l7G YPW 4LC SCtInB md WIX�t0t18 86R {Of�1 LI ib! 701� $YpplCDtot �911Cb P�oDMY �G�tvrith nll «pluccmcate. ropaks aotl adffitiom inwrporctcdfMxcia aa�xedt6ede being a&eredm 6rron as "FquipmecY' ),ILe leate af ftu Ftane dceaibad ie a pmtioulaz Supptem�=hsU bc consi+lerod a sepreate imx puraumtm the aama �'the MaAor Lawe and Uro Snppiemeut the aeme m if a tiogle kese nBe�m� �mhaini � ta . tms hadlnxn cosumd eovocit� auelt itomc Fho axeautioe by Lma oFmdi Supplcmwt+Lstl wide�uo s dotCJ01411eL0A bS't{l0 LC95�d n111 G1C ..y�..�.....+.. cOVC[ad �W1BbY IS 068NU9I l0 1m PIOPC[ C�RCy! ppd CCOOOIDIC OQOfYStOIl itMl alSITl5 tC M4Y 14to tLs2 SaPPlomoet forihe nnluiaition ofthat EquiptnaM uadetUxtmas h�rmE tluttice £quiynant is aecasatyfotfhe govaameotal fumtiww af Lweeo. nnd that i.e�or'v neitherthe mnnufac4+rer rta a dtakr or mc+rbmt of Aaid Fquipmmt but hes agad m provide tLe fundiag fw aad on babalf of LO#ee �r t6e aequisttioe ofsaid Equipmwt undafLe icrme harooff att5o sAeoiGorwuet ofIemee 2. DELIVSRY ANb ACCEPTANC& Lessu wi11 evidmce ile aae(�fan�e eY1hn Enuipmmt by exeMmg md dclivotipg W LesTw a Delivay md RecmPwnce Ce�cua (6erem so rnlkd} iv nc�Soim W ba providad by Issm. 3.'IERM. Tkotazm oftpis Leua wif6 r�spcot m�cb irem ofF.quipmeu sfiail bePjn on Yhe dmee ik a aoxper� yy L�aem and s6ai1 wnrinue Hom fia mM eommaaemmt dme a6owv in We retated Suppltmeac udas eorliatc=rninated aQ providod Larein. 7'ha nrt aanmaeoemen[ dete ia fhe Anxpmp�z � as rcco[dcd unUu Auaptuca Ca�tifieote. 4. REN'1'. Lceece ahatl pry as buio reot forfhe 1i�L ecim ofthis Leasetta ama�aishwvn 3n t6c+etettod Suppirmeness Total Rent, aad aP�ar of eao6 rmt pnymert is poid as. �drep'nmistbc paymcnt of iotaraR. sadFx6ibit "A' aitachedto flw related SuPPlm�mt sattfottb tlm iotaat campmad of esd� rcrt 1�Y�t �tringt6u twm. The Totai Reotslmlt bc pnyuWa in inudimoak moh inihe athwnt ePlhc h�cradai Qaymeut sot foCth ut t� rolated Suppiemmt plueaqyapplioa6lesNamduactn,cshcrroaLavsoeebatlW+YteotlaimWlmmuacahowqinWeReTaDedSuppleroeW. ExaPtmaP��7P'O`�d�� 5naion 5 hereo� thc mWat paymaMa wal be aLSOluk and anwod'diaoai in all evanh and will �wt bc subjcet m nny aeeo� defoaae. wuetu olaim or raeu�neot £or my ccsavp wAaRwuvet. Le�coa roew�bly beLevea thetfimd� ean 6e obisivad suffioi�tPn make a11 reotpaYcnn��s duriagtlw2eem offhe Isase andlx�eby coveoawetyot its Maya aed sf&6will do Wlthing inwfullywithin ite poxxt W obtam, msmtain aad ProPe�Y�1� and pumm Sm� 8om wLidtt6a reot �oyDteoLt maYba m¢de. Yrie Mu}ror a6s11 �c�p�e.K tho nxlu+*reJ aPPrePri"tiau from Uw goveteieg bourd and cxhouet all avalahle admiaistratrve ttviews �d appeuta in t6e oveat sucb pe�tim otthe budgct u�mt appfo.xd. s. rlmusPexoPUra�nox oF FuNDS. [f r5e r.fayar ana .roff paioaicatty c�sc reom iu tegial�e tmy oc fucame sutlwriri fi�eas w ec pc;d te lrsear uader this Leus aed. aetxtifhstmdiogfhc makiog in good 9ith ofn� rcqucst in accord�nca with o�ropriele Pmsdi+*m su+l +�ith the oxueiae oP rossmahla mrc ond diGgrnce, auch l�stuivabo� orilrod;ng autlrority doesmt aPDreve fi� m be pnid w Lessor fortha E9uipmeot, Isasce mny, upou priar ..�rimm notiw b i.easor e�-avc 60 days aftar the gi�in4 04 auch notica or vyoe ffia ex6nuatioa af The flmdiag srthoriaad For the ihm atnrnt aP�� P�ad, whichavor it later, roWm the Equipment W I.aser at Lessxl expeaac aad tlwraupoa be »base3 oFiu obtigatiam m msko ail rmW payrt�ctde to Lessor due ihereaAe; pro.iided� (7 tLe Equipmeot ia rctumcdto LePBOr 8ui�1t qepaid aad innmed to any lwtioe in t5e coetlmfoI Umtcd SUtrs dmignated by Lcasor ia thc e�ama we�i4on m whm f¢st delivarotl m I.esvm, ruuaoa6le xaar a0d 9pc reatlCieB �iCIY frem authoc'vzd vsethxeoP �XaP�+d (ri) the fo!c8uiegao4oe sktas ffie fxilwe ofthe lagislatiw body ar 5 mdiu8nuutoRtYta aPDroPneto du vox�eey 5mda as rauon for oOKepation. md (ui) t6o notin �s awomppmed bY P%7� �'all amnuMa then duc W Loaeor under this Ienaa In t6e evene I.o�te roWras ihe Fquipmmt pwaumt to tha Lumc ofthisScetion 5, LcacwsHallrattinaii wmopaidbmmuodxby Wxew iiuludm6a°Y ^�Y �P�dlkcamdcr. To tlw mdmtPetmitkd M/ latu. iflhe �novieims ofUfi.e 6eotioe S am utitiacdby Leesee. S.ez+ee ag�cs nar ka pnrcyaeo,luase o[ imt e4u4�� Pa��Bfimetions sim�lnt ro thwc ecdormedUvough ibe use ePthe Equipment, ar W obttia @om mry sourcotin serviws ot iufmmoHon wLich tho Equipmeet aat to perfotm or providS for tlmbaianeeoftlaappropriatiooperiodSotlowingLevse2sczaeisoofitst�minationri�tSaamder 7affiaacteeL4eemi�dhyiaw,t6isSmtioe5willmt ba eonswai aa as m pemiit 7wassee w ktmimec Wia Loa¢e le orda to ecquirc nny otMx oquipment or m alioeate Sm� dircetly or inditedly W cefom+ caewtially thc s�me aPPlicalion fw wttchtha equipmplt a iMcadcd 6. I2�iPRESENTATtONB AND WARRANTIES 4P LES6F.E. Lasee ecpresrnrs md wsramts an6, so tong us this I,c¢eo �y m ��,y p�, �'�y abliBN+a� ID Lessor remsin uqful5ilad. shnll mnlinucto watrset at all time, Wst: EIiZ'd 0S0'ON 1tJ3W1S3ANI i53MbGN Wd60:� 866t"0I'lflf ��-�3� (a) I.essee is a Stah, a 7cait�y or a possassion oftha Uoitcd Smw, ttLc GSty of Calumbis. a� a pelitiwl subdivirion oP oa'l of the faaeg�g wit}ua tlx mtm"u�g of Scctim 103(n) ofthe Iatemal Re�muc Cadc af 3986, as �cad�d. md TmaARyr Regylstions fmd &�tm� �cistcd tbriqo. If L�wteo is mcapvmted, it ic 0uty org�aiaed sed mtisting �ndari�e Constinrtion and laws oFits juri�&a6m af mc�xpaaticn aad w71 do o[ �ause U be ebm atl � a��YTO A�e aa31c«q such orpnrsa6on mde�tistenae in flill£erxand �'cot @) I.eacchm bccn dutyautltceizedbyeLe c�iec sod (ws ofine agpliabk}utiadiotim+and tri :,ewlmioaaf it, S��S�Y t`�d+ rrsohrtioo. �reqncvndby I.essor. is atwobedhceto)m c�cute aad delivarthis Ieau aad esefi S�ppicmcvt�dto rJrty out irs obligationsLenveder. Co) All tci�tiutmcutr bave b06a � 9Ld pfOGe�vca havc xnUled f11 OTd¢f 20 IOSUtB S�IB tldOfOlYbilily of �1ie I.tesC, and T.ts6te f186 Cp�p3i0d Wlt�i fUC�I PV�IL bi�IDg MqYMOlII911�%. SQL�}'. A1ID14Y bC BPPIIC6��L`10�f6/fA059d10b6 OODtOlbf�010d�'tb1.1 jAPao, (d3 Th� E9uipmmt o.ill 6e uud by Lesaec ouly fa the �rPau ofP�+�s me or mom gevcnmrntsl ar propeidary Smatons of Lnex waaiatmtwith tlro Pemtissfb�e scoPO ofLrsvaL suthotity aodn711 net bt t�dia atadc or hu�nces of aqy petson a mtity o9iet ihea Lmee (e) Lcwm hss funds availablo ta pay reet uMil Ihc cod af its cvRCUt approptistioe ➢"nod. and iffi Mnyot and ataff wiil zcquaet fueds to maka pnyrmrnn in ead� npprapimtion Period, ftemmw until tbc cod oftLomrss offfiisLaasa (� TAis Least cnestiu�te� a vnliQ tcgW aad 6indiqg obligatiu¢ of Sravx m£occcablc agautst Sasaaa ie aWOrdanco with the rzrycctir. tuma 6ermf (g1 Tlda Lwac is aot an arbiflage boed fLr p�rtposa of SaYioa 146 of tha Iatemsl Reveoue Cede �' 1986, ac amrndcd, sad Lessor sud itt astigps ara antittad Lo ircut the interat portion of the paymaots te be mudc Lcrcundrr as cyempe from fad¢ral incama Lixas unda Seoiion 163 (e) o£the tntemnl Rc•cuue Code of t98fi, as amondnd {hj l.cacc aUatt maintni¢racotdx reluringm ftw Lasor npd its axigps suffuieetta compLY wkhthe cetiskation rcquimmeNs af Snaion 149(a) ofbm intc'nn1 Itevicew Code of f986, ae ammdcd tt)�n;�9«m�i�xe� G)Thia Lmte Ss not atd sholl �.bemmc a"prlvsmadivify baad" vrithinfhomeunin8 of Scction 141 a�16c Urtcmal Revanue Code oY 1986. as amandcd (k) Lcaace ahall comp�y uitL all pmririom of thc Ietemai Revonue C6de oP R986 Wtidt t�ro fficeeeary to presetva fie tar. oxompt status oftix inwtast comFonent ofthe pnymonta mnde aad W bo mado under tGis I.�es4 imWding, withaut iimitatio4 Um invesfmant mQ tebi�le piov3aiam af Scdioa 1as, fl�e pro4ibit+on aga;natreCeaai guarantia unae smi� las (a} adtsne intumation reporsng requ;mnrnis of scc6on aa9 (o} 7. wAixxarlrus. t�caw �as shst iehaa seleaed a�en itaa etEVuipmencbataa upon its mmi��s nna aiacaem,e oe�y cat;aoca upai a� statffitoais or repraso�ti�s made by Layoc LESSO&A'fARES NO wARgANTY WfFH REgP,pC7 TO TFIE EQUIPMENI; BXPRESSED OR IIvIP[.iED, aND LfSSO& SPECffICALLY DI5CLAiMS ANY WARRRN'fY OF MERCHANTABILITY AND OF PITNESS FOR a PAR7ICULAR PURPOSE AND ANY LfABIIdTY FO& CONSF.Qif£NfiN, DAMAOES ARISING DUT OF TEi$ USE OF OR THE INABII.ITY t0 VSE Tf� EQVtPMpN1'. Lcues ngrca w mnkc nata! md othu Pa}aneala rc4u'vnd 6acu�lcr without regaid W the oonelitioa oPUx Equipma�t m�d W look oaly to oWer ihan I,ceeor sueh as t!w ma�uP,aWrer, vaodor m�ria fficma� ehould any item oPEquipmrnr Sor my reseon be deCoctivo. So to� u no E of�2k0ult tras oocurred aed "u coatim�mg Lcsor agroee, W the m�tco4 tiKy are naiguablq to ssxign to Loeeae. wi6toul aqy recacse m Lma, anY wartmtY rxcrvoQ by Lesaor. 8. T1ILE. Upoe ;�eexppmnw ofUrc Eq by Lewne heramdrr, titte to tbe Fquipmart will vast ia the Lrssee: prorideQ however, Nnc () upon tha aua�ne�c ofu� �vopt of Dofaui; 2s Utat tetm is dcfurA io Sedim 20 Nateof or {u) ia ihe ewmk tha4 tt�e pu�chago tyrtjon,l[yry, has aa been tmroycd priet W the aXpireiion drtte ihcrco� tiUc wili immadiaOelY vat in Le+sar a' iffi naeig�ae. Fw se IoDg as title to t6e E9uipmeot vafs ia [eseec . Lowee at its expeuae shaH protcet wd defimd Uw titla and keep itfrcc afdl claiaic aad tiees e16et t6on 16c ri�fa et'Lcscx hareunCw aad olsims and Geoe oreated by or asisingtiftough Lesaor.lLc 6quipmmt e1wlt remoiu Pttaooat propcny rcgardloes � its amoiam� to teefry, end I.essra eg�ae ta tska �cL actian as itt eupence sa aiaybo neeessarS'm i+��t�Y�d P�Yfiroet x4u'vinB aeY Ldercat m 9x 5quipncntss a r�suk ofits akwhmmt W rta�.y. 9. 9EC[1R71'Y AGREEMENf; FURTf�R A95URANCES. To saa�re Ufe jmformxna of ail Ccss'�e'a abligatioas haeuedet, i.essce heteby gisnm W I�eswt a saoUtitY iptacat cot�etituQng a finst lien on 8�e Equigmrnt and on all ad0itia�. aM�a, rePedn� +ePiar.�mcub sed mad�eatioes thereto or tlsszd'ex. imSuding afi a8cr�uNira1 &Niqnmt ef Lasca, sad oo aqy Pmoecda GsereSrmn. Lcexc sgroca to oaecute or detiver suah nddiNonal da�mte. iucludiug witlwutlimintion.9nuaaiagamfcmc�e, opieions ofcoumel, no6ns md eimillar ifutsumenis, in fotms9tisf$aory w I.aew, which Lcxeor deams nacoseary or appropdnte m csre6tisl� an¢ maieLun its saurity inmmxt iu iho Equipmaut or foc t8e 000fxmWtan � pertuaion of thie I,eave add Leuots rid+fa Laatndcr. Laeaor ia hereby authoriud to S]e fimnciqg etffiomm6 mg�ed �SY bY 2aaor in acco�deGw witht6a Unifam Commaaai Co� ar aigsd by LcsaOr sa Lce300'6 sSfOlIId91e $a. 10. LAWS AND TAXE3. Lc�ee sball oamply with a13 7mw and regul�i� rolatiog m tde Fqaipnxnt aud its use sad shnll W�PtiY Pny whe� due ai1 8�i�e, uee. ProPatY. exaisa m�d ethv twtes md ali tieeate and regiNrelion fm now o� bemaftor im[+�� vY �Y B�'u�� Y �°B��S' � Yhe Equipmmk or itv uae or tUc mrtals heramder mrdud"mg, mawevrr, neytaxas on or te�wsurad by Lannr'e ad ineoma UpoA rayuest by Lesso , Lnxc shall prepnre aadfite all Wc ntums rotaains te taxa fer ufiioh Lasxa is respo�uible bvamdawhich Iasaee is permitted to File undcrtlu+ 7aWS ofthe applioabla taxing jurisdioflon I I. INDEMNITY. Lcssee hercby indetomfi� and agem w smx Lcaea' ltumloss ffom any und ull tiabil'tty aAd expatt0 atising art oP tlK ocdceing, mvnenhip, �ne, condition or oP�on ofeadt item of EquipmentdmingtActum afthis Lease. ineludi¢g liaL�Tity fa dea�b or;Djuq' � P�oni damage to � ELiE'd BS0'ON 1N3W1S3ANI 153M210N WdOi:E 866t'0i"�flf �g-�3� arcpaty. atcia tiability u¢da me La«s or9uaiaal arcisicas otaay state xme uaAta stNa, �a kaai c.�+ca in daf'mdins a�Gr claim roroughc to mWm aa}rsudf liobility er czpemq b�n acdudipg oay liab�lity2Lr whiohieace is miregoosi6kundcr 9eGicn I0. 12. ASSIGN,LffiNT. Witlwui La�el'a yriar writtm cooecat. I.etsee vcill �t sell. nvigr. su6k4 P�BS oc a6awiac awmba CL yetmit a li0C KiSing thrau� Iattae to �zA on or c&einet aey ittc�raet ie this Iaase or fhe P.�}uipmmt or r�ave thc 8quipmart[ from its toptiae xfeacd tn abnvc. I�or may al0igt ih ID1acffi int{tis S.m.ve iqd SCll of ga4Y. n 3eaYTity »1tQ¢rt m sll W d4}' PY2t OYfGO OqUip2cmt withc�lt Lt�secs CanaCat L�ee ag[eBS t1ol S014eR agaiastaq}'axsi�ee ofleavor say rJa� ordefcam Laasee mny Laux egaimtLnaor. 13. INSPECffON. IRaecrmay impectihe Equipmcrostany limc 9aG 5onetiRwtotime duHng tegut�c btumm houn. 14. REPAII2S. Lessec will uac Uw EquiPmmt wifh dve tmc and fw tde patpoae frt which it it ietendai. Itssec wilt �intaia ffic Equipmcat in 8eod repti'. eoedition aed woAciog oidcr nnd will fvmiaL all pvtt aed a�vias raquir�d t6erefa5 atl at iia w�. NI euch partt when &mished sSall immediakly bxamc the }eopertr of Lassor adb FartMlheEguipmcntfor aYpwpoux haeof. 15- IASS OR DAMACi& Iu tiro eMdII any ccm of Equipmaett eha(1 bxotne lesf, stoloe. datceY�, �S� �"J�nd xpaQ os sendapad PawueM(y unfit forux tor s�ry rcsson. or in fSe evrnt ofmod�meation or seimm oYanS ilw oESquipmmy Lwm aMll P��YPaY Ievw (aj Ua amamtoPaV rmt md �r omo�+, p�y�bio roy r.o�e horewaer +�ri�h r�a m� rtmn e„o 5�e uv�ia u n» aw or �n anrm� W� N) +� ,� e+�d in rhe Snpplom�t x an sxfiibittbncto m Gu Tamimtion Halmoe mo]uded in E�ibit "A , P�us (n) annmauot cquai to ihm applicabk Sa�l P�TM� �P� p�a aet foxfh in t6o 9upp]anen[ a �my exldbit iheeto. Upon p¢ymwt af euch atnount to Iesser. svoh ikm s6nll become the P�P�Y ��. Leesor w�i Siansfbr So Le�ee. ufil6oul mooWx or wa[ranty, afi of La45ot`s rigJ�t, title md mterce! thereip, the rcat with toSped to wch item sb4Ll iamaate. aad tdc basic mita! pnymam on thc mmaieing itemc s6all bn redurod nccwdiugfy. Locam+shaq PaY auY sales and use w+tts duc on wchtransfcr. nny inswanca or condaMatioa proceads ttoeived shult Dc psditcd N La�aaeg obligatioe u�ettld� Daiapfeph md Leaxe sball bc tatiNed to aey suPplus. 16. INStJR.WCE. Lcesce shaU obtaia and maiafaia on a whh rwpccc m tbc Eqnipment at ita own expeise (a)liabllitY mswarcc aga'viat liabilily kr bodilY +�]�Y � P��P�Y d�Be wfth a mil��imum Sanit of SSW,000 co6ibitud 8iag10lietit afld (b) PI�YSiC� dem��8e insutancc imuc+n8 aBav�ac Wss 9i datnage W tho EquipmeM in aD amount not Im tAm the full eeplacetAOn{ valye pPtye 8quipm��t or the omount atatcd in flfe SuppIommt ar an exlnlut thnroto as 1Le TYtmioratm Baimcc. Leeex ebWl &mieh Lassor wRh a eertiFonte o£m.+mmc eridaneiog tho ieevmca oPa pofiay or potioies m Leuee m at Itnstthemmimnm amouoia rcquired homi0. �ming Lassor oe nn additional'maomd ibpnundw' furtM IiSbility OOVerage ae8 ns lora psyee Sx the prapetty domn5e covcmgc. EaeN suds poliry shatl be ia eueh fora� md with eueh iasutats at may ba suiatuWry m Lawr, aod e6e11 conemn a elavu re.quiiiugtlte ia�ret to givo W tassor az ienst 10 da}s faiorvni�a uatim of a� akaatatioa mihe taen oPsuahpoiiry a t6e eae.cclintion9ia�ao£ aad adauae speo�iog ibat no action m miazcpmacnmtiaa by L�saa sifall invalidate suchpnlicy. Lnaeor ek�11 be undarno duty te staecmia tfie rxiamors af orto exmunc wry sur8 polity or W advise Lassee in flro eveot my mcb potiey ehali aat co[u�uPb' wit6 N�e requ@emrnt Uurcof. tu tiu mne iltat Lassoa has beaa pamitted m 8elf- immu5 Lca�eewll3iwniah Lcw�orwitha 1aUu or xrti5artc m eucL sficct. i'f. 8£1'URDt OP THE EQIriPMENT. Upon ux wpiration M aar{iar t�mioazion of Uris Le�, uoi�+s aVt poymwAa aiL w�da ss dasm'bad in tiw 6upplement the Iaxe wiil immcdinmty delirar tlu Equipmeok m Lcsaur ia thc ewo mndition ss w6en deliverad U LeffieC, a�mu�' wear end frar ouoptcd, at eucR location wititia tfie eontiarmtal Uuiad Stato� aa Lessor shnil daignote. Leesce s6d7 pay aN tnvvportntion and other oxPensas rolatia6 To euo6 del;very. 18. ADD7TIONAL ACTION. Lestec wi11 prnmptly axaeuie and detiver to L�or suoh 7�ufha dowmum and take euch fuAher aetion a4 Lastor muy ro4vest in otderlo morc effee8rety cany out t6o urteet and pu�pme ofHria Leasq 'n�chuiiog�hc �xaMion wd delivay ofappropriau Snanoing sttuanema m fulfy prolcct I,cmor'a itrtoresc hareuntler in aeemdancc wit6 tho [Jnifotm Commereial Cat63 or oihu o�ppliaxhle Eaw.Izeece willfumie6, fromtime W tiaa an r�qucKC s wpY �1�ssne's laku aonoa16u1acce alu�t and incame stakment. 19. LATE CHARGES. ifnny inataqrueM ofyssic mrt is not p¢id w6cn duc oc witi��iu 5 days �r, Lusor may imposc u lam dmrgc af vp to 5%of Wa amau�rt of U'c iusratiwont but jp aqy o�eM aot morc thoa pctIDittod Dy applioabie tn+: Paymeors 4hccenfkr mcc[vcd ehal] be applled fit� W deti�7uuR ine[[altmenk andthan W ouRaa InatatlmcNa. 29. DEFAt Eadi of tErc fol7owmg cvcais sfiall eoastihrtc ee "EtKnt of Adouk" h�munder. (a)lassm sholl !kil w gny whca due aay mstdtmcnt of boaic nn5 @) Lrasce sha11 fail W obmrve orperfoxm m�y otha ageemeet W 6e obseived a performcd by Luem hua�ader u�d t8e continuance thercuffor 10 catandar days fellowin6 wria.m mticc ehoroaf by Lessm� W I.smx; (a?.any wura0ey, ropro�tatioe or statemept mode ar fiimis6ed to Lawr try m on 6dwtf ofLLu�a pnwaw havc boeafatee ormisleud;ng m any mncor�al respact: or jd) I.easae shn1l volunmrriy £tq er hwc filyd again.a it iuvotuocaNty. a pctition for IiquiAuioa tmrgkwutioq sdjuahacat of dobt ot similu reliei `mder thc fcdcnl � Aate Baokcupuy Code or asry mher pmsmt or fuyam TadorN msiate baaktuptcy a insalvanry law. a attt�vtu, rcccivcr, or liquidpior s1m11 be appoinisd ofit ot sil ofu eub,lenri¢i Qmt oEits swcta. 21. �l�.fl�. IRSStt eitd (.Cb9CC 1e[CO �I TAi550rS f�LSgCJi 84$cRd �' 1L350L Cf 8ti Et'B�C OP �9111C OiC LLaL[LSi� GAQ �Ot �AbiC Of OXSQ mcaw'vnmt at thc timettis Leosa is ewwuicd bcausctlm value offfie E�Nipm.nt e4 ilu e%ptmtian oft1� Lesac ia ueu�taiA. a� therofom t6ey agreet6st far PuPposoa of tlds Sactiee 21 ^t.n+ora Loea° ac of an,y data s6alt M the smn oFBu fallmvi»g: {I) ffio amount oPalt tmt aad MBa �ounh p�ablc by Lossoe harouedu dut but i+aqnid aa ofauch dua 0� (2) tlsamow�c smtcd iatlta 3u�fplemmtor ae exlribit+hecso m fhc Tc+miantion $atmca P39%C3) a�+ amow�t cqnal to Nw appliaaEle Pum6ase W'Z� ectfath in 1La Supplemmt. Upao t6e ocan.cuw of aa Evont ofDefaitt i,ad � aqy time t6ara�lta, Lwer muy ezercisc auy ox or awta ofthe mssufies liued bciow es Lrseor in its sele disor�on muY Iswfutly cicc� Providnd. houroveq ttmt upen tAo oawrenca of ae £vme ef DefeWS apcci5ct ia Scatian 20 (dy an amaunt e9ua1 w Sssaor's [.em as aft0e data Of suahatourtcnw a1w11 avtamaticlly 6e aadbeoome imeecdiete5y duo and payabia.vitlwutnotict m dem�d of nnykwd A Leaor mny 5y writton notita W LaeeS terminate tftia Latm and deolate an a�naunt equat to Laseec's I.oss as af fhe dau ef snuh netice m be iromediatolY dua aad Payubiq and thc eame shall thtta+Aon be md 6ccanc immadiatalY due and payable willtout fiut6cr natix oe dcmm4 aed all ripxAs oP L�svee to �ae t6c Equipmoot atu91 +�+:�^•• but I�sem a6st1 ba and rem.� linble ms providcd 'm tlus 9caion 21. I� vs�il at its rapense promptly 3 ETib'd �50'ON 1N3W153RNZ 1S3MbON WdOi:E 866T'0S'lflf q8-� 3s a�vw tLO Equipme¢t m tasaor u n toanw� ar inatioos +�tin ma ooeeieami umtca smm �si�rtca aj i.cxaor. Lmor may use ema w� thC premises vlwe 9m Equq�mmt e 7onted mtdtaice ��++^ Dmcmion ofmd}rmovePoemmo artth onwithooYimti6ufng fegd Wo�d'v�• b. lrn� may Proorcd bJ' ap��uu wua oaim to m5xx peffatnsace bY Ieswe oftlw opplkaWe co�rnarts oE9vu Lcsee wto mrova .1br 6reaoh of ttus Lees4l.enafSIatv aw eFthe di¢e I.euoCS l.oex ia dacLxad �4ro md PsY�� '+�"^a' ; P 6orwer. t�t vpaa tecowry aPI�svofa I�. from ��r s� �� n.xoe+oxp�s �a d� af`u,c Fquipm�vt, se�or �ana�u�e Fquipmm�m Ima at m vxn lnaaam,�Oa paymcutvfaay ndditioeai amavatdue wderalou�e (C, D, � bcla.. C ID thc evcat I�r [�os�emm tlse EquipmmF, Lcvcr aiult ci4oe ral� tho EquigmeN in &N wtid`act�m of I.accth c6li�ttion haeunda' 67 3dt M Iesse cach eem af Pquipmoet in ateha mmnm mdupon mhtc� m I.cawneay io as mole d�metivndotomsm'Ibcpcoceede ef sucbuie or loenc dmtl 6a apWied m reimb�vae J.e.or tor tweorb t,oss �ea �r ndditiom� amouvc dun undar cimue tn. � eaow. Le�e sLan bc mtiflcd m mry nnpL�s ma Laece drafl *cmaia 6abk for sey d�Y. For pticposec aftltiR aubpu�graph, tln �oaeM af avy ]rmn cf nti ar a¢S P� �� P� �+Y �a 5fiall be tha amou¢[ [emvneblyani�cd 6y t<amr ae 0e omt oFauoh Fquipmmt in dctcreniaip,gtho Cmtundet eaah Leue. D. taeormsy+cwvu iotateEt on6u uepuid GJencc �'LcacoYS Iassfrom dRe it6teomagayuffie uotS fulty Imidet atateof 8 annum. E. I.amr may mrcixc a�q uthvs rigat os temedy avtila6le to it by law or hY a�OSmeat. acd may in aay cvmt iccover kgnt fcro sral othv oxpenta iecw�ed by reuoe of m Evrnt of Dcfavk or W 9w azazeisa of anY «�Y hacundcr includm6 oxPensas af rtPossrossla1 repnv smre&, �upmmticn. naddiapoeition ofthc Equipmmt No *emed5's��rcn in this sceion is iateeded U be eacalusivc, nnd � a6aU ixi awuistiw iwt only to t6o exteet �aasary ro P� l.c.aar to .cm.�er amowm forwhich Lassae ie Gabk hereuadat. No cxpnsa w uapliod waim by Laaeor ofaqy Evant of DePouk ahell c�eitae n avaivcr ofaoy ather E+�mt of DefaWt 22. NOTIC£S. ,�ry arimn actica haeundu m Lesxe afia{1 bc dcc2ocd ta bsva baa�d 8rven wAaf deliveretF pcnoouify or d�poaitcd ia fho UaRcd SFates maite, PwvraBc pm{iaid, addraxedw I.essee ata addtzas setfmth aia�e or al suo6 othu uddrev as mry be lastlmowato Losear. 23. ME7' I,EA6E AND UNCA1vpl7TONAL OBLIQATTON.'Itia Lcam ia a wmpleNly net twe and Leaaae'a obligufionm payil�c tent md amourts PaY� bY Lae� under Seotiom IS end21 ia unwnd'Aioaa) sud eoi mbjoot W enY �+a��4 ��a4 +�teffor dotcn.co of aay kied oxoe�t m e�ssfY pto�tided heroic. 24. PREPAYMENT'. TLia lwc aud aqy mistad Suppiemmt may bc prcpn;d ia wholS but no� in nmt aad oe a rogutarA'�l'm�ot dWe with fa�five (45) dnp writlra no4m to Laeecf. u�onPM13'sent aPfhe namuM actforth as'Iattaiastioe Vdiue oatho F�hi6ttA at0aclxd to caid 4upp7emeot 25. NON-CANCEU.A81E i,EASE.'I}us Lwe oam»tbe pmwicd ute�minffied oxmpt at w�ptass}y nrovided 6pcoin, 26. 9URVfYA1.OF INDEA9NITIES. Laseda obligatioua un0a' Sactions l0 md 11 shatlwtvivctamiaatica ofthis Lrasc. 2�. MISCELLANE01T6. MY�+nm of1&is Savea whiehis lmeetbtaeble ia my juriedicfion elmll. asto jwisdiUio4 bo ieeffeative W ihe exfsot ofauch ueenforuablltYY vrifl�out nrvaiidatiag tNo ttm.tining provisiam �' thEc ]cnso, and atd such unenfacaabilitY in e�' jurisdicti� ahnil not tendet veeuforxsbtc wc6 P�'�vision in my otba jurisdiction. '11iia Lum s6all ie alt raP'ob be So�emed bY. and c�truod in aceordanca wity, ffie sv6zWU;ve Isws otiLe nete in m6ich tM Lcearo is IoWad. 4 EtiS'd 0S@'ON 1N3W153ANI tS3M?JON WdLi:£ 866i'0I'lflf 9g-�35 Signature Page to Govemmentai Lease-Purchase Masier r�greemem Dated Juty 30, 1998 Lessee: City of Sa.irtt Paui; St. Paui, ;Vlmnesota Bp: Its: Mayor Lessee• City of Saim Paul; S� Paut, IvfiTmesota By: Its: Direcwr, Office ofFinancial3ervices Lessee: City of Saint Paul; St. Paul, Minnesota By: I#s: Chairman, Saint Paul Civic Cerner Authority ._Fs;� Approved as ta £orm: Assistant City Attomey Lessor. Norwest Investmeat Serrices, Inc. By: Its: Senior Vice President 5 Eii9'd 0S0'6tJ 1N3W1S3hNI 1S3M21UN Wd2S:E 866i'0i'�flf q�-��s Nora�est Im��tmeat Seivices, Ine. NOrtbstar East Bnilding, 9tlt F1ooY 608 Second Avem7e South Minneapolis, MI3 55479-01A6 SUPPLEMENT TO MASTER LEASE Name and add:ess of Lessee; City of Saint Paul 15 West KeUogg Boulevard St. Paul, Minnesota 55142 . «,.u, ��..i �t; This is a Supplement to the Governme�al Leas�Pntcbase Master Agxeement sdenti5ed above batvveen I.essor aad Leuee (the "Mastor Lease"). Upoh the execution aad dclivery by Lssspt and Le5see of this Supplement, Lessot hereby agoees io lease to Lessee, and Lessx herdsy agtees to lease from Lessor, the Properiy deseribcd yelpw npoa the tetuts and eoaditioas cf Usis Supplemcnt aad the Master Lease. River Centre Project;Exhibit HeiilMleeting Rooms Furniture, Ballroom Furniture, Staging/Riser Package, Office Fumiture & Equ{pment, Build{ng Operations Equipment and AudiolVisual Equipment Ri.a cart+c ns w�,e icoi�o� sow�d Rmt comwcacement date Tesm in months from reat wmmencement Rental puymeai period (check one) ❑ MontlflY ❑ AanoallY � QuaztertY B 6ther - scc additional provisions X Semi AdditionaS Provisioas: $asic ReaW Number t1f Rdvance Pa}meata Payareuts Payments S1t5,72B,5B 30 -0- tatemstRate F'sstPs}wrnt FivatPuccUasi Due 8ption Ptice �CIiL'd HS@'ON 1N34tiS31titJI 1S3Mc`!ON L1d2i:E 866L'0i'1(if 9$-�3� Signature Page to Supplement to I�2astar Lcase Dated July 30, 1998 Lessee: Caty of Saim Pmil; St. Paul, Nfinnesota �� Its: Mayor T.essee: City of Saint Paul; St_ Paul, Minnesota $y: Its: Director, pffice afFinancial Services Lessee: City of Suint Paui; St. Paul, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as tu £orm. Assistant City Attomey Lessor: Nurwest Investment Services, Inc. By: Its: Stnior Vioe Pres'sdmt 2 Eii8'd 050'ON 1N3bJ153RNI 1S3M216tJ WdZL�E 866L'0i'�(lt 9�- �3s t�.� __.�.�"':'�t;s-•-t-ss:s+a'� Ltity a5 Saint P�i Eilu'bit A Tarsl Paymcat lntermt PrinciP+� `�� Paymait A�ter Payment PuSment Duc � Aae Paym�t Due Payment Dne � �t Te v�rmraaYloa Date 52,340,�.dD Jnl30,1998 1 5115,728.58 564,942.80 $SO,T95.78 52,289,Z14.22 - Feb 1,2999 Z 5115��48.58 �63�182.31 �52�46.26 52�t36�66'/96 52�281�695.46 Apg 1,2994 3 5115,TZ8.39 561,732.04 553,996.34 52,18Z,611.42 SZ,2Z5,286.86 Feb 1,20b0 4 5115�728.58 560,241.73 555,486.84 s2,127,184.38 $Z,169q15.74 Ang 1, 2AU8 S 5115,728.58 Si8,710.29 557,018.� SZ,070,166.30 52,108,039.98 Feb1,2001 6 S115,728.58 557,136.59 558,591.99 52,011,574.31 52,047,1Z0.4a A,ug l, 3001 7 5115,728.58 $53,119,45 $60,209.12 51,951,365.18 51,984,61T.U0 Fch i, 2062 8 5315,728,58 553,857.68 561,87090 51,889,499.29 51,920,488.46 Ang 1, 2002 9 5115,728.58 552,150.04 $63,578.53 S1,S25,9x5.75 53,854,69Z.SS T+eb 1, a003 16 5115,�Z8.5$ 550,3�5.27 565�33.30 51,760,582.45 51,78T,386.02 Ang 1,2003 il 5115,728.58 548,592.08 567,136.50 51,693,d45.93 51,717,9Z4.28 Feb i, 2004 12 S11S,1Z8.58 $d6,73�.11 568,984.47 51,624.4�.09 51,646,851,74 Aug 1, Z004 13 SY15,728.SB $44,835.00 570,893.58 51,553,362.41 51,5'73,95L56 Feb 1, 200.i 14 5115,728.58 ffA2,8T8.34 572,85U.?A S1 51,499,145.73 Aug i,1A0S 15 Sf15,728.58 540,867.67 574,860.91 SI,AQ5,851.76 51,422,394.44 Feb 1,2006 16 5123,T2&S8 S38,SO1.SI 576,927.47 51,3Z8,92d.70 51,343,64&54 Ang 1, 2006 17 S1lS,T2&SS 336,fi78.32 579,OSd.25 51,244,874.44 S�,ZbZ,854.93 Feb 1,2007 18 $115,?28.58 $3A¢19b.53 $81,232.44 $1,1L9,542.A0 57,179,9b9.58 Aatg �, 20Q7 19 5115,7Z8.58 $32,25A.33 $$3,474.05 S],OSS,168.� SI,OSW,910,48 Feb 1,2008 20 $1]5,725.38 529,459_65 585,777.93 3�9,390.43 32,007,650.09 Ang 1,2008 21 �115,928.58 $21,583.18 588,145.40 5911,Z45.03 S918,12�.41 Feb 1,Z009 22 5115,725.38 525,150.36 590,578.21 5820,6fi6.82 S82L,2bS.97 Aag 1, Z009 23 Si15,7Z8.3B S2Z,650.40 $93,07&17 S727,588.64 $731,01T.23 Pe6 1,2Q10 24 S12S,728.58 S2Q,081.45 595,647.13 5631,941.52 5635,321.10 Aag 1, 2010 25 5115,7]8.38 S17,44�.59 548,286.49 3533,654.53 5336,110.8? Feb 1,2012 26 5115,728.58 �14,T28.� 5��,999.71 5432,G54.8Y S434,3�1.16 Iw� l, 2011 27 5115,728.58 511,44L21 S303,787.30 5328,867.51 5329,884.96 Feb 1, Z41Z 2S 5125,72&58 54,076.7d 5106,651.83 522,2,2]5.6$ 3222,733,39 Aug 1, Zt112 29 5213,728.38 56,133.15 5109�95.d2 5112,G20.z6 51�2,795.88 Beb 1, 2Ui3 30 SI13 728.58 S3 08.32 $112 6Z0.26 0.06 S1.OQ Au 1, 2013 G:iLEASEISCHEDIILEI[RiverCeatrazls]Lcase 7110/981:58 PM Norwest Inves�cat Scrvices, Inc Eti6'd 050'ON 1N3W1S3ANI 153M210N Wd2i:E 866i'0i'l(lf q$- (� 3 5� DELIVERY A1�ID ACCEPT�NCE CERTIFICATE TO: RE: NORWEST INVESTMElti'T SFRVICES, II3C. LEASE AGREEMENT DATED NLY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBIT HALUMEETING ROOMS FURNITURE, BALLROOM FURNITUR�, STAGING/RISER PACKAGE, OFFICE FURNITURE 8 EQUIPMENT, BUILDING OPERATIONS EQUIPMENT AND AUDIONISUAL EQUiPMEhtT While not all of the property described in the above LEASE (the "Property"} has baen delivered to us, we heteby request funding far the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or installations completed. We hereby accept the Property pursuant to the LEASE, agree to have the LEASE commence, and acknowledge that all the terms of the LEASE are in fiill force and effect. We understand that, Section 6{g) of the LEASE notwithstanding, if the fundin,g proceeds, �2,340,000.40, are not completety disbursed by 7anuary 30, 1999, the LEASE may become subject to the investment and rebate (i.e., arbitrage} pmvisions of IltS Code Section 248 arid we witl compty with all reporting and, if applicable, rebate requiremerus thereto. I,ESSEE: CITY OF SAiAI"� PAtJL; ST. PAi3L, MFNNESOTA � Juty 30. 1998 (Acoeptance bate) Directar. Qffice of Financiai Services (Title} EL�Ot'd 0S@'6N 1N3W153ANI 1S3MbON WdES:E $66L'0i'lfll ° /�-�3� CERTIETCATE OF APPRUPRIAfitOti' � of City of Saint Paul {"Lessee"}, hereby verify thai all lease payments due by the Lessee under that certain Govemmentai Lease-Furchase Master Agreemrnt dated as of July 3q ] 498, between the Lessee and Norwest Investment Services, Inc. as Lessor, for the $scal yeax ending Decembor 31, 1998, are within that fiscal year's budget and within an avail,able, uztexhausted and uztencumbered appropriation for the Lessee. IN WITNESS WFiEREOF, I have set my hand ttus day of 1998. Lessee. City of Saint Paul; St. Pau1,lVTinnesota � Its: Z?irector, Office of Financial Services EL!LL'd 0S0'ON 1FJ3W1S3ANI 1S3Ma0N WdEi:E 866i'9T'�(tt` 9' �- � �s 3TA'I'E OF NIIriNESOTA UCC-1 FINANCING S'1`ATEMENT This statement is presented for filing pursnant to Minnesata Statutes ch. 33b.9-4aZ DEBTOR City of Saint Paul, Fed I.D.: 15 West Kellogg Boulevard St. Paul, Minnesota 55102 5ECURED PARTY Nonvest Investment Sacvices, Inc. Northstar East Building, 9th Flonr b0$ Second Avenue South Minneapolis, MN 55479-0146 COLLATERAI. F�R USE BY Fl�JNG OFFiCER ONLY River Centre Project:Exhibit htalliMeeting Rooms �urniture, 6aliroom Furniture, StaginglRiser Paokage, Offics Fumiture 8� Equipment, Bui{ding Operatians Equipment and Audio�sual Equipment {to be located at 175 Wesf Kel)ogg Boulevard, St. Paul, Minnesota 55102) LEASE NQ. 0044-042 RETURN ACKNOWLEDGMENf COPY TO: Debtor Signature Norwest Investment 5ervices, Inc Northstar Easi Building, 9th k'loor 608 Second Avenue Sauth Minneapolis, MN 55479 Secured Paxty Signature ATTN: Karen Drahos-Peifer EI2I'd 050'ON 1N3W1S3ANI 153M210N WdEt:£ 866i'0L'lfli ��—�3s� IlvG'i7MBEN{:Y CERTII+'ICATE I, do hereby certify that I am the duly elected or appointed and acting Clerk of City of Sairn Paul, a paliticai subdivision or agency duly organized and existing under the laws of the State of Minttesota that I have custody af the records of suoh entity, and that, as of the date hereo� the individuals named below aza the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (� the signatures set apposite their respective names and tittes are their true and authentic signatures and (LI} such offioers have the authority on behalf of such entity to enter into that certain Govemme�tal I..ease-Purchase Master Agreement dated 7uty 3�, 1998 between such entity and Norwest Investmerit Seivices, Inc. (Lessor). Name; Its: Mayor Signature: Name: Its: Directar, Of�ice of Financial Services Signature� Name: Its: Chairman, Saitlt Fav1 Civic Ceater Authority Signature: IN WITNESS WHEREOF, I haVe duly executed this certificate and affuced the seal of such entity hereto this day oF .1998. CI.ERK EiiEi'd 0S0'ON 1N3WiS3ANI 1S3M2i0N Wd£S:E 866L'0S"lftr �t 8- G35 of Firnancial z, �s9e GREEN SHEET No 60948 � �.� ��.� �� _ � �J NUN0Q2 FDR � GttATIOWgY � L � � O ❑ CJfYG.�tR � R017�I1W ORDER ❑c9WlICNLBEAVICpOM. ❑RU11p1LL8tltY/ACtt3 � W �� ~ ❑ 70TAL # OF S(GNATURE PAGES 3, (CLIP AlL LOCATIONS FOR SIGNATURE) of the aCached resdution authot¢es the S2,340,000 financirp trensaction with Norwest Bank for operatiny d at fhe RiverceMer. This financing was previously approved by CF 98-122 which gare ihe Office of Rnaneial Services the authority all necessary actions leadng to the issuanee of thi5 lease. PLANNING CAMMISSION CIB COMMITfEE C{V4L SERV4CE CAM4AISS{ON �.9�57 Has Mis pataonfirtn ever xqficed wder a contrect fa this department� YES NO Has this persoNfirtn ever been a c'Ry empbyee? YES tS0 Does th�s pere�rtn possess a skiii not rrortnalry possessed by any cuReM cRy emG Y6 NO IS this persoNfirm a tat8�� endoR YES NO ncil previously appmved financirig for equipmeM for RrverCenter. &ds were set by the Ofice of Finariciai Services Nonvest Bank vras Iw� bitlde� at a pnce of 5.52% is araila6le to purchase the equipmeM necessary fu Rive�Cetrter. iwt Ee arailable to complete the transaction. S szxa.wo.00 SOURCE COSTiREVENUE BUDGE7ED (CIRCLE ONE) AC7NITY NUtABER YES NO ��nci� R�se�°u" � ��?R�� : �: '_ [ T j� } � �� c.� `''-� 13 0 . q8' - �3s GOVERNMENTAL LEA5E - PURCHASE MASTER AGR�EMENT � � Name and Address of I,essee: City of Saint Paul 15 West KeNogg Boulevard S� Paul,Minnesota 55102 L�ssor. Norwest Investment Servic�, Inc. Northstsr East Bnilding, 9th F9oor 60S 5econd Avcnue Sonth Minneapolis, MN 55474-0146 1. LEASE. l.assor Fercby agrw w Icaeo W I.awu, aed Isssec hercLy a�rris to loaso 5vm L�aor� 16e penmaI property deaibed id a 9upploamnt or Supplvncma u thia Master I.wst @om time w rime sigeM by t.msor oad l,aaa upan fhc temin md coodi6ous ed foAh in ffie raioted SuPPiemmt (�ueL D��D�Y �Ceihvwith nll rcPluaewn�s. ropoits xetl additiom incorpotMedtbacin a nffutad t6aeto bein6 Nderred te herein na "EquipmrAt" ). ihe tave of thc itcma dcazribcd in a pvtiautu Supplem�e.hsU bc comidered a aeporme ]mye yurn�mt m tde n�mn �'tbe Maet.v Lw+e and ite 6nppiementthe aeme os if a singie Imve n8r�,ncu< <oataioing mu9� tamu had bcm e�xeutcd wvaing such itom�. 7Be axemrtim by Ima oFmctr Suppkment oLWi widence a dotcrminction by the Leuee }hK tlu E9ufpnrnt eovaaQ 25ereby is asmti&) to ib propa, e�cim! aod �c o(Rtatioa aad dsiw m mhr into Nrot Supptomoet for 0e ocquia�tion eff6at Fyuipmeetundmihetssms hnco�tl�attisc Equipaent is neeasaryfortlm govemerntai functimn of i.ceae4 snd ffiat [sawr is neit6cr tbc mnnufachaer ner o dmta m mcrchoat of wid Eguipmant but 6as ageed m prwidc Mc Smdmg far �nd on 6eLalf of Imsee ter the sequurciae ofsitid Equipment under thc rum¢ horoot'ytih� yp� '�io requat ofI.sccc. 2. DEL[VSRY AND ACCEPi'ANCH Las« will cvidcaa i4 secopimce of �he Pquivmrne 6Y exewNng and detivorieg to Lessor a Delivrry ud Aecmptante Cn�ctw (6aem w ealle� in thcform to bn P�ided bS' Lasor. 3. ?ERM. TSo tetm ofthis Itue wi16 tnptat m arb itim �Equipmeot sfiall begin � the de4 if ix aacptai 6y Loctoo md d�ail oontieue ffom the rtM oommenoeme,tt dum abora wtLe rckted Suppltmmt vdevs eediatarmioated as providM hareio. T6e raet oummeuaomem duec u 1Le Acaspm�e Dato as r«orded ontho Actopt�ncu CaRiSome, 4. REN7'. Lesece+hatl pay as buio rcnt fonhciL➢tum ofthis 7.ease tho �ount stown a the telatM Suppkmmt as Total RaeL aed aporiion �eao6 rcnt paymeM is pvd at �mdtepmmts tbe paymqit of intutmt, cnd Exhibit"A' aaae}udto tho relavA SuPplauapt sets forth tha intecat cm��mt ofeacb mR tmYmcnt �tting tlwtenn.2ha Totat Reotsimtt hcpayab{a in irataflmeerts mah iellu emaunt oPt6e Luaic rwht payment eat forth io tAe roi�ted Supplement P��+a yq' aPPliosbie sola nnd ux tu shucee. Loeeee ehali Pnyrmt to imlaiime+4 m s4owu in tye Re2and 6upplement E1�cept m apccificnllY P � Seaien S hereo£ Uu reWal paymwtc will 6a ab�Wuk aod nnwoditionnt ia �il ewntc md vtitl not be aubjca to anY act-o$ dekaae, wuetx olaim or raouPmeot £or my aseon w'h7teoe�af. Le,wea rqwnWly believa ihot Swd� can 6c obt+iced su��eetm make all rcnt pnymm�a dutinBtha tatm oPtlte I.a�se mdLereby co�raanfa tLat ita MaYa aod iM9'wilI do nll t6ing laafullywitltin itc pmva w ebtm, msintain and P�P��Y �u and pursue5mda 4om whidt the mnt tm7'meo¢ may be made. T6c ASnym lbai{ rcquest the te9uvtd oPPiepxiWiov Lom 91Y govefn"v�g boufd Lad cx}Wwt all avatlablu adaliL'IStrat'ts'C Teviews' md appeale in the ove�lt suc6patioo elthc budga is �! app»vcA. 5. NONAYYAOPRIATiOAI OF FZRQDS. Sf tbt M.'n'er md siaff paiodidty request from its 7e&91at3vc 6ody or fwWmg wtberiry fueds W 6e paid to Insm uodaflvs LeASe and. mtwitlnfmdingths making ia good Rif6 ufwch requaxt in axotd�nu with appro7xieie y�oQdiucc ane with tho ex�rzise of rouonoble cue and dlGga�ce,+uch le�sls[iva bodY or fundin6 swhenty doaaaot approve iiwds m hc paid W Lavsw for tbaEquipmen; Lmses awY, vpon priw .rriuw wtice W Leamr effatirc 60 days aRar 4e 8ving oF �uch nodro ur upon tha ezbuuttioe at 16e Rmding sutyed2ed for tha 1hw a�trmt �PP�iat;o¢ Peied. whichowr u latu, roNm th� Equipmcnt to I.essor at ImaY axprnse snd tl�awpoa b� nhaud eFiu obtigstim m msko ail emat PnJ'me� b Lwor due 16eratlr, pro.�idcd: () t6o Equipment is ratumed to Lraaor HaiB� M�Ddd e� ineumd w any �oatioe ie tHe temuieetnt Ummd Snta duippated bY Lea.w in thc aaew wntlition m wha fcrt dolivarod to I.ecva, me+aoablc waa�md t�r mwttio8 soklY Snm autbai7,md wa Shmeo[ exaPSSd (n) fhcfmrgoing�tioe xkt�the failurc offhe legistativebody «Smdiag.utboriryto aDProPtiah fhe nc�osy fimds m reaton fot moa0ution, and (ui) t6o noein u accompnnied bY PsY�� of atl amounb thm due b LaVOr under ilva I.m.�w In tbe evcat LaeRee raNms ffin HQuiPmeM pum�mt to timLxfluotlhisSeotioaS,Le�wnitaUraisiedlntmopnidfwroundxbyI.e+ssaBxlud'v�B�Y�h�PddMewda. Tothoo#mtParm+tltdby law. $the proviaiam ofthi.a 6eotion S mre ukiliud Sasoa.Iasue b3' agcv � fe puec�sae, Wase Ot t� equ�me� P°'i°nnm8fum3ions sim�u to 5hmc pr+f«aied through ttw use ePfhe Fquipmart, ar to obtsi� @em aoy aource tYe serviws of iofmmnHm whic6lLo Pquipp7eet u�m to Perfo+m a providF fw flmbatuiaoftheapPrepri.tioopcxiodfollowingiesseeycsaemopfits},�yyy�enr;g6tMm�Ma 7o$eadmtpamiticdbylaw,tLisSatian3wi{t�t be cmuwed ro as m pemut Iauee u iem�imac t5ic Loaee ie ader te acqu;ti my utha� equ+Pmmt or m all«ac 5mib dinxtty or ind"aaotly ta pafocm eaemtiailytise sarpe apyliemionfor whichthe aquipmmt u iotmded 6. RSPRPSENTATIONS AND WARR.4A'17E8 OF LES6EE. Iascc reprncefa mQ wuants aeQ. so long na thia Lcaao io io effed u any part of Ln+cc'a ohUguioesm i�rser aauin v�l5llsd. slmlt m�in+utowaaaet az slltima, Umk: t� �35- (n) I�tasee is a Statc, a Teerimry cr a potsmtion oft�e Ueioed States, me Cky c�EColumbis. or a poiiticd subdivisim oP my af t4e foregoiog willtie ihe meenms oFSeetim 303(a) ott6e lehenal Reveaue Cadc of 3986. n mtended, +� TtNmty RagHlatiaes Aod R�di� cdaxd ihtr�tc. If 3aseea � 6'mcv�matcd, h u disty ar� eod m�stiog ucds tlee Coce4rh�tioa �ed hws oFits juria�a4m afmm�prcation aad Wi do a uues ie 6e done a(1 � m� D� ��D �� aade�stenoe in fWtferoe and effear. (b} Lesuc 6ae 6ocn duty aul6oeited bY�e Cm�4Ri� aed law oftla apPliqbk jtvudietie» md by a radution �ita Swemin66o0y (whieh reeolutioo. Empmtadby I.ecset. ia oetao6edhactc) to c�rot+rte and daliverihis Ieme and tao6 Sappl�eaGodto rarty out ics oblig,rtioosLeteunder. (o) All �i�¢mcoh have bom moC and pmecd�v¢a havc oramd in ordar So msuca 9» edaoeabSi§Y �d'ffiu I.m�e, and tamce Cas rompliad withac6P�Wiebiddie8+squiromentr.iYvp. mmqybe+PO1soblemtlrtrmxatio�eaftemplaUdbylh�l.mso. C�'[h� EqWPIDt� u'ill De used by Lasec onty fa tbe putpau o4petfbtedng me a mme g�ame�t a PeoptidatY 8matioos of Lmee cooaie�cat.rish thepe�missbie sapc oflr�ecS aut6ority aod �ill nKbc u� ia aUede a�na of+�'Poeaoa w' eetit3' o�ut6cn I.a�ee. (e) I.�wa Im� fund� a�a�7ablo to pay rnu t�Mil Ihe md of ik caurent approp6atioa yaiod. and its May� and �affv�1 zcquMiueda W mAke PaY�+iu each appcopriatian pniod, fromnew ur�iltbe ead dtbo-tpm oiffiial.oasa {� This Leue oanstturtu a valid, kgal aad bindiqg obligatim oFinvee mforuabic aga.'� Le�eae iu awocdance with We Rspe�ve tam, 6awf: (gJ Thit I.acc ic aoi an arbitrage bond }Dr Furtpasa of Sati� 146 of the Iakmal Raveoue Code of 1986, ac ammde� sud Las.wr aud itt xtiga am eatitlod to treat tLc inteceal pation of tiw paymmts W be mudc hacuod�x na cxemp[ from fedecsl ipeome hxat ueda Seatim 103 Ca) ofthc tatvna[ Rermue Cadc of f9S6, u ameedei (h) Laax abati wfnmm rococds reiwtingm Wc Lesor and its aaeiges svfficiootto eo�ty wlthtAe =egistatim:equircmcnts eS6xtioa 149(a) ofthe tntemat Rweew Code of 198Q m ammded. (i) TSis eecboo 7eR hlenk G> Thic Loata iz eot aed s6all mt 6s�c a"privam adivity bond^ wiihia ll» meu�B of Scman laI ofthc Iommsi Rwenoe Coda ef 1986. es smandcd. (k) Luacc sbail amp�y witb all preoisiom af the tntemot Revaaua Code of t98S u1ur8 are mnenry ta prarrvo thc ts�c wcampt suNa of the � iataresc camponrne otrbe paymcvm wadc aed W 6e made uader t5is L=eae, iroluding, without iimitafioe, tlfe in�astment md ttbu4 pmvlsiaru of S�aion 3aE, the pco6ibitioo sgaiqxtfederal guarontip undc S�op J,44 (b) aqdthe info[m.'Gioe fepp[ting requ'vcpcW of $ectiep 149 (c). 7. WARR4h"ffE9. Lasra agroeathat ithas seteaed arch itaa af Equipmoot bAUd upae iis ownludgneotead dieck� ury mGsoce upon aay �eais or represmtatioas made by Is�yoc L£S50& ASAKES :v0 wARRANTY WffB RE9E�ECT 70 Tf� EQiIIPMENi. EaRRE6SED OR ID4Pt.gD, +�tCD LE4SOR SPECIFiCqLLy DS5CLAL1fS A1V'Y WARRiL'v'fy OF MBRCHANTABIIdTY AND OF £1TNESS FOR A fAR1ICULAR pCRppSE AND ANY LSAE2LITY POB CO'.JSEQUEA?IAL DAMAQFS ARISING OUT OF THE USE OF OR ?HE INABIISSY TO USE THE EQUIPMPNt Leua ogrw w mnlm rmtsl and othu psY�� requ'ved hcmunda without iegand W ffie aondiGon oPthe Equipmmt md te look oa�y to peesom atlter tl�an Laeor a� aE t6e manutSeNrer, vendac a eonia thaeof ehould any ilem of EquiPmrnt fa euyrnsou be dcfeesiw. So kng at ao Evmt of DeOuh 6as oewrted and 'u eaawss�g Iawr agoea, ta the dxtmt tlky me aai�abk to asaige to Ia�aa. cviffiout m0'retoutse w Iraa, mY wa2mtY r�ccivad by Lenor. 8. TtILE. tlpal uaptea�e nft6c Equipm�nt by Lessee hera+nde, titic m 9s Equipment .n71 vest in ffie Itssak Provide4 houeve , t6nt () upon ihe ocwmaxe of an £ucat of Default os lhet tum u dcSncd in Sedioe 20 heteof or (u) in the e�et tLatthc pusham optiao. if'ao�y'. hu aa bxn exad.ed priet to the aagiratioe dnte thcrmF fitle wili immediatety ve4 iv Isoor a ia axsignee. Fx u loeg aatitle to t6e Equ3pmmt rota ;n Lcaam . I.aoeo at its o�peme a6n11 prmca and dof�d tha tiUe md keep itfree afdl elaims and tiens ethK then �he rig6b o£Cesoac 6orouadet aed etaims aed Hee� ottovd by or y+rio8 tivougb Lsssor. 7S�e Equipmcnt �lull temoio pet�oonl P�P�Y RBxdloes of ics acaohme�6to tealty, md Iasec agnxe m tako eucE uGon at its a�penc �a mayba aceeesaryto petvmtanyffi'vd pady 5rom aeguiting mYl+aerat m4keEguipmentse a scsuk ofik atvehmmtionaky. 9. BHCLJRITY AGREEMENT; FVR1'FIER nSStJ12ANCE6. To sea¢e Urc nerformunee d aq (,csaeo'e oblig,dioas beievnder, Iessec 6eteby ganm tu Iessar a seouThy v�tan� mastihnipg s fira lien on !be Equipmait aed an mll additimc, aa�.+, rcpn�� mplaamee4 and modi&ations tlmrem or thvdor, rocludin8 "u sflor-�uired Equganrnt ef L.a+m, and on aN'P�ooteda thercfrom. ieese agrora to mmcuta or daliuer wah oddidoael dac�cota, including withoui limintiee. Bn'woiagatatcmrnk. apuiiant afcoume�, natica md simi(ar �ten4. ie folmsatisCaatory W S.a�er, whicL I.rxeof dacmi +wuseafY or aPProycime m nmbtiah aod maini.tin its seauity intcrc� iu i}m Equipmeot a for t6e eenfirmLHoa � pcfrs+ioo of ffiia lrsse and Ecssols righta hem�mdrr. L«eor ia hereby authotized to 57e Smnciog etatommec a�ed aaly by Imor m acm�d+emwiytthe Unitorm Cowuetad Codc or:igec6 1ry Laeaor ac Lvaoe's atte7nry ln faat 10. LAWS .WD T.47�S. iaeaaa sball oomply wilk d17nw md mg�lafiaas rotstio5 m Urc Equipmrnt aod ite uee and d�all promptty pay wLm due at1 wt� vac, W'aP�Y. exoisa and ethttt�ta ond atl lieeate ond repidrutien fca now or bcreaRor impostd b9 mS' Bove�enm� b°dY ��S' ��, Equipmmt or iev uu m 6u n.umis hemimder drludm� hewcm aaSfams at er meuswrd by La�ur4 oet iocoma Upan requat by Leasx, L�,:c.6aff P*�P°T aadSIo all Wc xturas releting ro mxcs fer xfiich Iesue u ropoaublc hccunda wfiidr I.auee is permitted to file wdcr Wa kws ofrhe applio�bte tsxingjurisdiorion. � 11. INDEt.L�71Y. Lmec ls�ctry indamifies and �{ees m�n.x Lveaa haeilass 8nm my �md ull tinbility aod ��iying out oP t6c ordviag ewe��yhip, w�, wndilion ar operotion ef eaeb item dfquipmentduringil�etvm ofthie Gcsse iocludieg Hob�ily for dadb or injury to petaoat damage m 2 ETi£'d 0S0'ON 1N3W153/V,II 1S3Ma0N WdOi:£ 866i'0t,"lftf Rg-63� � � �� D�oP�S: �'ia liobilay ueder du La�v a judiaat dciciom ofscy sLUe ot t6t Uerittd Swtes. aad 1e8c1 cspenc¢ in defwding m�t' claite brougM U enfotce anysuch Ilobilfij ot expcm4 but accludin$ asy liabslflylMwLioh Ia+ee ia mt reapowbk undcr 9xlicn SO. 72. ASSIGh?AElvt'. A'C}WUt I.wori 7�� w�� aS Lros�e Wll rtot se1L a�, su63ey Dicdge ar at6riwiec t.natmba of P�IDit i fieC Yvou� Iwsmeto aatt on w asaimt my iataaet ia this Iaase or the Equipm�t «�emove thc Equipmant from rts lomtioe retared W abovc t.awr may ae�ig� iti'mhrrrt le tbit LWe iC� St� ef pi4t n feCUtity mi4q[ IL Dn OI 3II5' P$l OPibC � MS�au[ Ii�Bm'a LOIUCLt IA�E'e CgteOS DD[ U aT5lR 3�ESC�liFijLC00YI2{l�LIl� CIYIffiOf�OCOL�OLOS5C0IDpyI1GVC 0$OINIS.tlf�. i3. nuseecn�v. t�may �+w�;vm�,c�y�marwmsimeu� a�r�w� bu.� a�. 14. REPAIItS. Lwa .viU wc We F.quiDmmi with due eme md fnr ttic putpoae fx �hich it is iatmdaL I.eaec xill maintain ffie Equipmwt m gopd f�'P3V, COM{IItOG :ISd �t Otdet Lad wil� }uthi8�1 L{� pIIRt 1Ga fOM1YG3 50911Utd 4hctfo[e, a}1 af Ib a�Cyl6. f1n 6ftC11 QVCS M�eG fllRlfhld s� 1�14t4�}'�C 1be FpOP[{fp OE�i.'660f LGQ �'.G[ O[1�7G �lf�tmf fC! IIl{ f17Ip0f06 � 15 L09S OR DAA�eWE. Ie tbe avaa mry imn af E4+iPm°eR dWll baceme lost stelaa deetrnYs4 deroaBeA Leyo°d mpair °r rendarod peimotlaMty ue5t for uve Imany rea�en. or;n thc ev�ot dmadcmeatiat or seiau�e ofaay �em of Equipmen� Lwm etmJl promWYPaY Lasot (a) the mnou� ef aV � and athc nmou}Rs pcyablo by Losnoo Leroundor with resped w a�eh itom duo twt uepaid s 1Le d�Se oP fuoh PaYmmt Psu+ @) thc cmmut g� in ihe Suppkmont x an ofd�ibit tbercko u fhe Saminrtion 8alana iedudedin F.�ibit °n°, PLu (a) maawuat oqual tothe applicable 5as1 purah�s opti� Pvia •et fmtM in tho Supplemmont or aey exlubit thvew. lipoa payfocat � au�h amoum U S.asor, sudf item sbntl baome ffie proputy of I.eaem. Lemor w�l 4amibr u I.essee. wiihout reoounc or wanaut.y, otl of Lessor's eidht. iitle aod mterut fhacin, fhe ra� with resped to wd� item sfiall taminatc. md t6c basic reatd paymmh on fl�e rcmai¢ing items ebalf be xduc�d aamdiogly. L�sene �I pay any salec and uto t+aces due on wc6 traadrr. Aey ine� or wnacrrursuon aroc�eaas meivea.ilwu be aca;ua m t.oasoe's eetigwoa w�ea u� pxogaph m,e tsqa. sbau be entKlmw anr wrplus. 16. IIASIJRAIVCE. Lcscc duit obtain aod maiataio m or wtth rwpect m tbc EqnipmoM at ite owe eXpa�e (a) liabUity insutanx aga'vat tiebiliry for bod;lY aiu�' �d PtDP�nY d°m+B° �"'ith a minimum &mit of E5QO,0ao wmbiaed si¢gte limie aed @1 PhY� dam�c iiuurance mntcu+B agaisist ku w daenage to mc pquipmmt in aa mnouat mc Iw tEan tlm tufl rep2aeemem valua efihe Pquipmeut w tLe amount arated in rho Supplmam� a an exlnbit flferato as tde Tmoiontlm Bdance. lssem �hall fumia6lester w1tL a eertifiantc of mmemx cvidonciog tho ieaumce of a potiay a poLoies m I.essee m at teau 1he mietmum emoum. rcquired heroi4 aamieg Lmsor w nn additiawl inmrcA rbacunmx forthe liabitity ooveng,e md u loa paya for �he prapcty domnse covernge, Psth eueM poliry sLall be in weh turm md wdh aueb inavrers a� may be suicfSotory m Lawr, and il�all eoMaio n elauae [equiting tlw invrmrw giw W Lesaor at Imut 10 day� yrior wrinm mtiec ofa� ahatstion inIDe ta�m ofnuoh poliry w the waeollation theroo£ yad a eLwse speoGyinB that no uaion or avareprcacntaGon by Lossee sLntl invulidate wchpoliry. l.naeor ahsll be vnderno duty to asoermin t1u exinenc ef am exnminc my wcb pality or te advise Lessee in the event any au�b poViry ehaVt nat comP�Y with the nqu"eemcM thacof. lu thc evcnt thut Losue hss Deon parmited m reff- mwrS l.eacee u7ll fumieh L�or with a lehx or arti5rate m e�uh effcct. 11. H£TURP7 OF TF{E EQ�'74MENT. Upon fhe eapirafion or earlior terminatioa of Urix I.eeae, udee� ell pa�ent+ arc made as dasm'bad in the 6uppteeunt the Lasee witl irtuacdietoy ddivar tha Eqtripment m I�eor in tho aamo oondition u w6ee daliverod to Isute, erdinuty wear and teur or•w�. at ¢uch loc,uion wit6in tbe eovtineaml United Sfaue as I.rosor sfiall daigiwte. Lnue shdl pay alt trmvportation and other axpoases rolatiag m eueh deGvay. I R. ADDTITONAI. ACTION. Lwee will premptly ozecute aod deliver to I.aset yueh fu}!hc doeumcw and takc auch f+uther action as Les�ot muy request in ordu k more efTedive}y carry out the iMont and {we�wee oEtkds Levc, estndingt6c exm+6on aad dalivee�' of aPPro4n�te Tmonang auaemema ro fiiUy prolcct Lpaor's itlterest bereyndar vl atmtduoce tvitt� tho Unifotm Commueial Code et ethar opplioubte law. Ineec will Sutaie6, from tiuxs W time ap rrqucst a copy of l.essee's Iakuamunl hal9uce s6cot and income stakmeM. l9. LA7'E CHARGES. lf my'usstallment o{y � u not paid whm duc or within 5 days U�aaafteL I.essot may impose a Iate �erge of up ta 5°h of the amouirc of t6c ;uarallment but in se�y a�mt aot more thm peteaiCOd py apPlioabie law. Paymenfa 4he�eaRrr xeccivod ehall be appliod fust W ddiuqunrt i�uTSllmeuSCandflfen W amnt3natntlmcn4. 20. DEFAU[.T. Buh of Itie fol]ouvmg evca{B yball ppatfip#e yp "Eveot a{ fk{auk" ha+eunder. (a) Lsttm sbo11 fiil ro pny wl�m due my m#atlmcnt of bosic rcnk N) Lcauc shall fail to observe �yedom� mry ot�a s�eamentU be ebserved a perfowcd by Lcsrc Irrwndrt anP the continumee tLareoffa 1D estendu daya followal6 wrinen notire Waroof by Lesssor to I.tsser, (c) any we,raog rcpraeepyatiop or stii�mmt made or f�mis6ed to Leswr by or on be6nlf oPlss+ee provn tu have boen fatx otmisleading m aay rswterisl rasPect; or (d) Les�ma st�nl! volunmrlty file, or hnvc fitrd agaio,a it ievofu�tvily. a pctitien for liquiAtion. taorganimtioq adjuatmcac of debk ot similu nl;d under H�e £edaal x etate Bankruptey Code or aay olhet P�mt or fuhuc fatlenS erstate bsakivptry m iosaWenry law, a aiwteq recavcr, a�8quid�tw ehatl be appointed of i! a atl ofu suMmmiat psrt o£its aweta. 21. REMEDIE6. Lessor and tFaue aPloo that IassoYs dmnagr� su@'xcd by rcason af so Evaot oP Defnult ore uncntain md aot mpabk of oxaet mcn�urm�rnt mfl�c timethis I.eate is execuledbeeamet6e value ofUte Equipmeet ak t6e expkat[on oftl�ia Leaae ia uvcoRain, aod thareforo t6e1' f�te 76nt for puryosae of tltis SxGoo 21 "issso� L.ou" op of aAy daU shall bt thc sum ofthe following: (1) tho aMOUnt of all rmt and eLw �ounla prynblc by Isssea barovndu diu but �npaid � ofiauch dua plus (2) the amo�nt smted in tha Supptomeot or �e mfiibitthemto aa fhe Tmniaation Halanco, ptus (3} an mnount cqnnt fo tho applieahU P�ase p�e eetS'otfh intha Supplunmt tJpon the occunwcc of aa EveM of Def3utt und ��y iima thara4to. Leaor muy excrcisc syy ox or mote off6a remedies listtd bebw m i.e.sor in its ule disordioe muy lawtuily etmk 4mvidad, however, that upoa No xcwreau of ae £vmt of De�Wt apci.-i5r.d in Sectioe 16 (8� m amouat a9ua1 w Lwah L� u aftha psta Ofsuoh oeeurtence s{wl! automatipl7y be aad beaome i�cdiutcly dua and payable VriUwut iatia or dommd of'mry kind a Lwor mny, 6I' writtoa notia� W IpteS eaue�sr. this Leaao aed dealMe an maount cq�m1 W Iaaso�'s Last as of tbe data ef wd� natiw m bc imma}iamly dua and PaYdblq snd the aamo chsll Umra�pan be and bccomc immo0iauly due and PaYeble wil6out further notim n demsn4 and all eip�fb ef Inree !o �ae t6c £quipmoot shatl tetnwutu but icecm 66af16e and ttm.va liabte m pruvided'm this 9ation 21. Laesm sh�ll at ifs ezpease prumptly Eiib'd 050'ON 1N3W153ANI 1S3M?JON WdOI:E $66I'8I'"1(lt q�-�3s" dd;.2r me Equipmmd m uuw u n boo4on or ix+eioy *�hin me oonsnmw traitea sma �i� by Laeor. t,.s+or mry sw ema upm me promisas vhero Uro Equipmmt e Ionrcd md tske imle�0iate Dms�vian aEmd mmvc �e aoma wRh or �ithatt imfi W tiet � P�o�admaa. B. Iraor may Pr°md bY aphvpt�a teuR mlim ro coforcc perfomlioa by I.aaee alt� ayplimb4 wornv�n aE9rit Ltsac orio �'N'.2bt 6te�oh et flus Lsma WuatY Les.v av eFthe dae Iiaw's Leu u deelxad diw md psyebk � .-, P'°`^daf.6a.owoc tlut upon tewwry aPL�ssetS I.m+from I.es�miaanY�aaianwitlicul6sveogiotepo�xeeccmd�af'1LeFquipravt I.a�ordmiSUaeifaV�cF.mi'ry�actoImxatmriLrn7amROnupos PaY� ��' addicioeal amwmtAue uoda atcu�e(C, D. � bolw. c m � � �„�, � � �,,;,�. s.� �u �� a� r.�a�u � Na.�r� �t�ti �nu� � �r�u or ksu csdi 0em af P�NiP� ie weh aaumhx aadupm�wd�le� asTsawrinsy in us wia disaaiandetomima. Thepcoreed� d auch Wc rc lnmm �ha0 be app{itd W refm6ime Lraor fw LmorR Less aed trry ad�timal ama�ot due smdcr clnun jD. Ej bdow. Iasfee afiotl be wtifled tc aey aupius aed i.n.cc ahall *cmaie tiable for aey de5eimay. Fw pwpomc ofihi.s eubpart�gtayh, We D� af mY leuc af all m�YP� �� PIDmt UY Imor fluube the �mouoc�en.ou.eyaari�recy Laaor sc tbe oat ofwob Equipm�c m d�cmi�iogtto rmcuear �ah Ussa D. Lcu�wymava intorxS m Oro u�pnid bulmcc �'LuwrsLosafr� dota itbeaomapoyuWe uetit5itlypa;dstnialeof! & Lcnr may aoccitc ary� oNwr rigbt ar ramedy svailaWc W& by faw ar 6y:@eemeet, aed may ie my evmt rewver legpl fmc aod of6er axpeeus incmmd by' rcuaa otm Evaa of Ddavk a W� e�oxeim of any rcmedY 1,anmdQ i�nd'm8 a�ases af »possessiai nD� �a6�� sP�� aaddi.pcw8ion oftho Equipmeac No remedy pven in tina aeetion is mtmrled to be amlussv. md md� dnD ixi cumuktiw bmt only m tds extent neeess�y m permit Lnror m rom�v �ama far+r6iotr Lassee ia liabk heroundu. No cxpra� a iv�ptiod waiva by Leeeu ofa� Evmt of De&uh aholl mertmdc nwai.ar ofa� otha� E�aet of DotaWt 2Z NOTTCES .4ny wriurn aotice haeundv m Iswcs ilmR bc dwmod w Lm beee givea aime delivaed pc�onstly m dcpsimd'm fho Unitsd bYaDes mnikP�B° P�d aaacauaa ts�vx ac a, addtw eacfotth abm�a er m su�h m6v,.ad�ei, u mry be taeclmoaaw Loeeoe. 23. NET LEA6E AND UNCONDtTlONAL OBLtQAT10N, 'lyia Luco it a wmpldcly rtK lasse md Leuee'a obfigutim tn p�r thc md and a�ounb payaalc �eouedetSeotiomlSmd2lbun�ond8ioaalaedeotsWgedWOnYabotrmon4*cduR+on..c�'ordoSaaeoaSaeykindameptasarpressly 24. PREPAYMENT.'fhia lm¢ aod ap� rotamd Supplemmtmay bc pcpaid'm wFd4 but na in 4�. md on a rogalsr p�yment dah wiffi fmty-five (« d¢y' wrhtm ooCm to Geacot. upon PaYmmt of4hc aamuM�otfort6 a6 T•�••'•�.e�^• Vaiva ontife Edd63tAamc6cdtn wid 4uppictnaat. 25. i�ON�CANCELtnBtb LEfSE-This Lave aamM bc cmmkd ortc�wated ascoptac mpinssiyprovidep hetaia �c. svRVrvAto£ IlvDEMh'n'fES. t.wsS cbtigae;ooa unax seatinons lo ana li �hutt aurvhetmoimtim o£mie Lmac. 21. A4SCELLAA�OUB. Aqyqavirioa aftbia Leaae wttidt is uoeofLrcee6le in "n5`1�� L a¢to jucbsdiefio4 6e ineHtative m tAe esknt ofauh unaoCOraWNlity wittiaut 6rvalidntieg tM fem,tieieg previ�i�a o£ Wic ]cuoo, adiQ atq sud� uneefaceability !A aq' jtmsdittim dwll not Icadttt necnforwbte wch Dro�ision ia tmy oth7 jurisd+eiioa Thie Lei+e �al( ie olt iespeats be yrovervr� by, aad ao�cuod i¢ xcordanea artiL Ufe suhVantive lews ot16e nue in whicu tkic Lwoa is loca6ed 4 � � � ET�S°d 050'OFt 1tJ3J153rWI 153Ma0t L1dii:E 866i'0I"�(l.0 `l8"-�35 � � � Signatute Page to Govemmentai Lease.parchase Master Agreemern Dated Tuly 30, 1998 Lessee: City of Saim Paul; St. Paul, Ivinnesota By: Iis� Mayor I.essee• City of Saint Paul; St. Paul, Ivrrmesota By: Iu: Director, Office of Financial Se�vices Lessee: City of Saint Paul; St. Paul, Minnesota BY . Its: Chairman, Saint Paul Civic Center Authrnity and Approved as to form: Assistant City Attorney Lessor. Norwest Investmeat Services, Inc. ay: Tts: Senior Vice President ETi9'd 050'�J 5 1N3W1S3ANI 1S3MNON Wd2�:E 866L'0L'lRt qc�—� 3.� Norn�est Is�estment Suvixe, Ine. Nortbstaz Fast Btuldiag, 9th flool 60& Second Avenue South Minneapolis, MN 554�9-0146 sUrrt,EMErrT �ro NrasrEx �,,s� Name and addmss of Lessee: City of Saint Paul 15 West KeUogg Boulevard St_ Paul, Minnesota 55102 ,..«.u� �� i� This is a Supplement to the Goveramental Leas�Purcl� Master Agreemeat identified above between IRSSOr aad Lessee (the "Mastei Lease"). IIpoh ihe exe�ution aad dchvery bY Lessot 3ad LcSSee af tLis Supplement, Lessnt hamby age�es to IeasE w Lessee, and Lesqec hereby agmes to lease ftom Lessor, tLe Property degen"bcd belpw up0n the tesms and eoadirions of ttds Supplemcnt aad the Master Leese. River Centre ProjectExhibit HalUMeeting Rooms Fumiture, Bai(roam Furnifure, Staging/Riser Package, Office Fumiture & Equipment, Building Operatians Equipment and,dwdio�su&I Equipmerrt �� s w,�txa�uggaoWeva.a Rmt eommencement date 7.30-96 Tam in moatha from mtt wmtncnameat R.entat paymeat period (eteck mie} ❑ Monthly ❑ Quazterly X Semi ❑ .°.uauallY a oU,« - sx addihonal pmvioions PIOViSi005: B�� t�t x,�mtec or na�� Paymeats Paqments Paymears s»s.7ze.sa so .a tataestRste FuatPayaeaR FinsiPiucUese Dne Uptioa Price � � . ''cT/1.'d 850'ON 11 153M210N bJd�ci:E $66I'flt"lf1F qg- 6 3s � u � Signature Page to Supplement to Master Lease Dated July 30, 1998 Lcssa: Ciiy of Saitrt Paui; St. Paul, Minnesota. By. Its: Mayor Lessee: City of 5aint Pau� St. Paul, Minnesota By: Iu: IJirector, Office of Financia] Services Lessee: City of Saint Paul; St. Pau1, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as to form. Assistant City Attomey Lessor: Norwest Investment Services, Inc. By: Its: Senior Vice President 2 Eti8'd .- 050'ON _ 1Fi3W1S3ANI 153M2lON WdZi:E 966T'�I "Rlf 9�- �3s' w,�«C�e «t�t� e�i� C'ity af Saint P�1 EsWbit A � Tonl Psymcat 7nterat p�Gp� A{ta' Paymmt Atter Paymmt PaSmeot Duc Pmt � PsYmmtDue PsymentDue B �� Te V � Datt 'S2 Ja130� 1998 1 5115,928.58 564.94Z.80 $50,785.78 S2,Z89,Z14.22 - Feb 1,2999 2 siis,�� s�,isz.3i ssz,sa6.s� u,�s,��ss 52�281�69L4d wus i, � 3 5115,728.58 S6I,T32.04 553,996.54 52,182,671.02 SZ,ZZ5,286.86 Fcb 1,Z000 4 S225�728.58 560�242.73 555�486.84 52,227,184.38 Sa,16T,41i74 Aug 1, 200Q S 5115�728.58 sss,naz9 557,018.28 52,070,166.30 52,108,U39.98 Feb 1�2001 6 5115,�28.58 S57,136.39 538,541.99 52,OZ1,57431 52,047,120.44 A,ug i, 2001 ? SIIS,728.38 SSS¢39.45 560 51,951,365.18 52,984,617.00 Fch 1, 2082 8 5135,?28.58 553,85T.� S61,B'lQ.90 $1,889,444.29 $1,920,488.46 Aug 2, 2002 9 5115,T2&58 552,250.04 563,578.53 S2,825,925.15 5�,854,692.59 Btb 1,2D03 3U 5115�928.SB 550,395.27 565,333.30 $1,960,5$2.45 51,78T,186.02 Aug 1,2003 11 5115,72&58 S48,S92.06 567,136.50 51,693,445.95 51,717,924.28 Feb 1,2004 12 SiiS,128.58 S46,T31.11 568;189.47 51,624,456.A9 51,646,861.74 Ang 1,ZOdd 13 5115,728.58 544,835.Q0 570,893.56 51,553,56291 S1,573,95L36 Feb 1, 2005 14 Si1S,71$.SS 542,878.34 572,8.i0.24 S1,480,712.6? S1,499,145.73 Ang 1, 2005 15 8115,728.5$ 540,867.67 574,860.91 51,405,831.t6 $1,422,394.94 Beb 1,20U6 16 5115,728.58 538,881.5I S96y2Z07 51,328,9Z4.70 51,343,6d8.64 Ang 1, 2006 19 5115,?2S.S8 536,6?&32 S7�i S1,2A9,874.44 51,26Z,854.43 Feb 1, 2009 18 5115,728..58 53A,A96.53 S81,Z32.64 S1,1G8,64Z.40 Sl,l?9,960.58 Aatg 1, 2007 19 5115,7Z8.38 532,254.53 583,474.05 51,085,168.36 51,094,9�0.98 F¢b 1,1Af18 20 S11S,728.38 529,45Q.65 585,9?T.43 5999,39Q.43 51,007,650.09 Aeg 1, 2008 21 5115,728.58 $17,583,18 588,1dS.40 5911,245.03 5918,I20.41 Feb 1, 2009 22 5115,728.5$ 525,750,36 59Q,578,21 5810,6GG.SZ S82L,2G2.47 Aag 1, Z004 23 5115,728.58 $22,650.40 S93,OT8.17 5727,588.64 S73? Fe6 i,2010 zs sus,ns.sa sio,osi.as sss,6a�.� s�a�,sei.s� s�as,�ii.ia �8 i, mio 25 5115,728.38 S17,441.59 598,286.94 5533,654.53 SS36,110.87 Feb 1, 2012 26 5115,128.56 514,?28,86 $100,999.71 5432,G54.81 5434,3I3.18 Augl,?All 27 $115,72B.S8 SI1,9iL27 5103,T8?.30 5328,867.51 5329,884.46 Feb i, Zff12 28 5115,728.58 54,076.74 5106,651.83 S222,215.68 5222,T33.39 Ang 1,2Q12 29 5215,728.58 56,133.15 5149,595.d2 5112,620.26 5112,'/95.88 Reb i, 20]3 30 SIi T28.58 53108.32 Si12 620.26 .00 Si.OQ Au 1, 2013 � � G:ILEASEISCHEDIILEI[RivrrCcnira�isJLca�c ?li0/98 2:58 Phi Norw�e� Iavestmeat Services. Ine £ii6`d 0S0'ON. 1N�J1S3ANI 153M210N Wdci:E 866F'0T'�lf ��- (� 35� � DELIVERY AND ACCEPTA.�'CE TO: NOIiWEST INVESTMEI��'T SERVICES, INC. RE: LEASE AGREEMENT DATED JULY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBlT HA�UMEETING ROOMS FURNITURE, BALLROOM FURNiTURE, STAGiNGIRISER PACKAGE, OFFICE FURNITURE 8� EQUIPMENT, BUIIDtNG OPERATIONS EQUIPMENT AND AUDIQNtSUAL EflUlPMENT While not all of the property described in the above LBA.SE {the "Properry") has � heen delivered to us, we herehy request funding for the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or instalIations completed. We hereby accept the Property pursuant to the I.EASE, agree to have the LEASE commence, and aclaiowledge ihat all the tenns of the LEASE aze in fiill force and effect. We understand that, Section 6(g) of the LEASE natwithstanding, if the fundirag proceeds, $2,340,000.40, are not completety disbursed by January 30, 1999, the LEASE may become subject to the investrnent and rebate �.e., arbitrage) provisions of IFtS Code Section I48 and we will comply with all reporting and, if applicable, rebate requirements thereto. LESSEE: CTCY OF SAINT PAUL; S?. PAUL, !bIINl\TESOTA BY: IJirector. dfiSce ofFinaneiai Servirps (Title} — July 30. 1998 (Acoeptance baze) � E[�L'd 050'ON - tiJ�7i53ANI i53i9?JON 1.1dEt:E , 86b�'01"f�t q�-�3� � CERTIFTCAT'E OF APPROPRTATION � of City of Saint Paul ("Lessee"), hereby verify that all lease payments due by the Lessee under that ceRain Govenunental I.ease-Purchase Master Ageement dated as of duly 30, 1498, between the Lessee and Narwest Investment Services, Inc. as Lessor, for the fiscal year ending Decembar 31, 1998, are within that 5scal year's budget and within aa available, une�shausted and unencumbered appropriation for the Lessee. IN WI113ESS WHEREOF, I have set my hand this day of 1998. Lessee. City of Saint Paul; St Paul, Ivflnnesota � Its: Director, C�'ice of Financial Services � � £TiLI'c} 050'ON 1N341153MII 153hRI0AI iddEi:£ S66I'0L'"lflt �'�- 6 3s � 3TATE UF MIlV'N�SUTA UCGl FINANCING STA'I'�MENT This statement is presented for filing pursuant to Mianesota Statutes th. 335.9-4U2 DEBTOR Ciiy of Saint Paut, Fed I.D.: 15 West Kellogg Boutevard St. Paul, Minnesota 55102 SECURED PARTY Nonvest Investment Services, Inc. Nonhstaz East Building, 9th Flaor 608 Second Avenue South Minneapolis, MN 55479-0146 � COLLATERAL FOR USE BY FlLING OFfiCER ONLY River Centre Project:F�chibit Hail/Meeting Rooms Furniture, Baliroom Furniture, Stagingil2iser Package, Office Furniture & Equipment, Building Operations Equipment and Audio�sua! Equipment (to be located at 175 West Kellogg Boulevard, St. Paul, Minnesota 55102) LEASfi I�TO. 0040-002 RETL'RN ACKNOWLEAGMENT COPY TO: Norwest Investment Services, Ine Northstar Bast Building, 9th Floor 608 Second Avenue South � Minneapolis, MN 55479-0146 ATTN: Karen Drahos-Peifer Aebtor Signature Secured Pasiy Signature £tiZL'd - $S9'Oi�f - . _ - 1N3W1S3hNI 1S3MbON WdcZ:E 866I'0I'�f1f. q�—�3s� IlvCUMBENCY CERTIk'ICATE I, do hereby cerkify that I am #he duly ete�ted or appointsd and acting Gerk of City of Sairn Paul, a political subdivision or agancy duly organized and existing under the laws of the State of M'mnesota that I have custody of the records of such entity, and that, as of the daxe hereo� the individuals named below ara the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (n the signatures set opposite their respective names and tities are their true and authenac signatures and (II} such officers have the authority on behalf of such eatity to enter into that certain Govetrunental I.ease-Purchase Master Agreement dated 7uly 3Q 199$ tsetween such entity and Norwest Investment Services, Inc. (Lessor). Name: Its: Mayor Signature: Name� Its: Director, Office of Financial Services Signature� I�'ame� Its: Chauman, SaintPau] Civic Center Authority Signature: IN WITABSS WHEREOF, I have duly executed this certiftcate and affixed the seat of such entity hereto this day of . 1998. �� . � � � __ _ . - , 'F ' . � Ei�fi'd -650'ON lN3W.1S3hNI 1S3M210N �-WdES:£ -$66L'0T'�Flf CouncilFile# \� — �o3s Green Sheet# �� \ _ `� �� Presented By Referred To RESOLUTION CITY OF SAINT PAUL, MINNESOTA l _ .,9 � 1 I Committee: Date 1 2 3 AUTHORIZING A LEASE-PURCHASE AGREEMENT FOR OPERATING EQUIPMENT AT THE RIVERCENTER 4 WHEREAS, the City of Saint Pau1, Minnesota (the 5 "City"), has solicited proposals for the tax-exempt lease- 6 purchase financing of operating equipment for the RiverCenter, 7 and Norwest Investment Services, Inc., has proposed the most 8 favorable terms; and 9 WHEREAS, a Governmental Lease-Purchase Master Agreement 10 (the "Lease-Purchase Agreement'�) by and between Norwest 11 Investment Services, Inc., as lessor (the "Lessor"), and the City 12 as lessee has been prepared and is be£ore this meeting; and 13 14 is 16 17 18 19 WHEREAS, in entering into the Lease-Purchase Agreement the City is exercising powers under its home rule charter and powers granted by Minnesota Statutes, Section 465.71; and WAEREAS, the Lease-Purchase Agreement is subject to annual non-appropriation, and the City has the right to terminate the Lease-Purchase Agreement at the end of any fiscal year during its term; and 20 W'rIEREAS, the Saint Paul Civic Center Authority will 21 provide moneys for making the payments on the Lease-Purchase 22 Agreement: 23 NOW, THERBFORE, BE IT RESOLVED by the Council of the 24 City of Saint Paul, Minnesota, as follows: 954851.2 FI (3 q�-�35 1 1. Lease-Purchase Agreement. The Lease-Purchase 2 Agreement is hereby approved in substantially the �orm submitted, 3 with such deletions, completions and changes therein as are 4 necessary and appropriate and approved by Bond Counsel. The 5 Mayor, Director, Office of Financial Services, and Chairman of 6 the Saint Paul Civic Center Authority are hereby authorized and 7 directed to execute the Lease-Purchase Agreement and such other 8 documents as are contemplated thereby or necessary in connection 9 therewith, including a Supplement to Master Lease and an Escrow 10 Agreement. il 2. Purpose. The Lease-Purchase Agreement shall 12 provide funds for the acquisition of operating equipment for the 13 RiverCenter (the "Project"). 14 3. Pre�avment; Purchase. The Lease-Purchase 15 Agreement shall be subject to prepayment at the option of the 16 City. At the expiration of the Lease-Purchase Agreemer.t aEter 17 its full term, the City shall have the optien to purchase the 18 Project for $1.00. 19 4. ReQistration; Transfer. The Treasurer of the City 20 is hereby appointed the registrar with respect to the Lease- 21 Purchase Agreement. The City will cause to be kept a register in 22 which the registrar shall provide for the registration of the 23 Lease-Purchase Agreement and the registration of transfers of the 24 Lease-Purchase Agreement. 25 The Lease-Purchase Agreement shall be registered in the 26 name of the payee on the books of the registrar initially and 27 when notice of any transfer or assignment is received. The City 28 and registrar may treat the registered owner of the Lease- 29 Pur.chase Agreement as the person exclusively entitled to exercise 30 all the rights and powers of the owner. 31 The registrar may require payment of a sum sufficient 32 to cover any tax or other governmental charge payable in 33 connection with the transfer of the Lease-Purchase Agreement. 34 5. Treatment of Registered Owner. The City and 35 registrar may treat the person in whose name the Lease-Purchase 36 Agreement is registered as the owner of the Lease-PUrchase 37 Agreement for the purpose of receiving payments thereon and for 38 all other purposes whatsoever, and neither the City nor the 39 registrar shall be affected by notice to the contrary. 40 6. No Funds: Arbitracxe. Until expended on the 41 Project, the proceeds of the Lease-Purchase Agreement shall be 42 held in the custody of the Lessor pursuant to an Escrow 43 Agreement. Payments on the Lease-Purchase Agreement shall be 44 made from annual appropriations, and moneys to make such payment 45 shall not be segregated in any special fund. Moneys to make 954851.2 Z °�g -L35 1 paymenCs on the Lease-PUrchase Agreement shall be provided by the 2 Saint Paul Civic Center Authority. 3 No portion of the proceeds of the Lease-Purchase 4 Agreement sha11 be used directly or indirectly to acquire higher 5 yielding investments or to replace funds which were used directly 6 or indirectly to acquire higher yielding investments, except (1) 7 for a reasonable temporary period until such proceeds are needed 8 for the purpose for which the Lease-Purchase Agreement is entered 9 into, and (2) in addition to the above in an amount not greater 10 than $100,000. To this effect, any proceeds of the Lease- 11 Purchase Agreement and any sums from time to time held in any 12 City or Saint Paul Civic Center Authority aocount which will be 13 used to make payments on the Lease-Purchase Agreement in excess 14 of amounts which under then-applicable federal arbitrage 15 regulations may be invested without regard as to yield shall not 16 be invested at a yield in excess of the applicable yield 17 restriations imposed by said arbitrage regulations on such 18 investments after taking into account any applicable "temporary 19 periods" or "minor portion'� made available under the federal 20 arbitrage regulations. In addition, the proceeds of the Lease- 21 Purchase Agreement and moneys used to make payments on the Lease- 22 Purchase Agreement shall not be invested in obligations or 23 deposits issued by, guaranteed by or insured by the United States 24 or any agency or instrumentality thereof if and to the extent 25 that such investment would cause the Lease-Purchase Agreement to 26 be "federally guaranteed" within the meaning of Section 149(b) of 27 the federal Internal Revenue Code of 1986, as amended (the 28 "Code"). 29 7. No General Obliaation Pledae: Initial 30 Apnrot�riation. The Lease-Purchase Agreement is not a general 31 obligation of the City but rather is payable from amounts to be 32 annually appropriated, and the full faith, credit and taxing 33 powers of the City shall not be and are not pledged. Payments on 34 the Lease-Purchase Agreement are due semiannually in arrears over 35 its fifteen-year term. No payments are due on the Lease-PUrchase 36 Agreement in 1998, but the City hereby makes an initial 37 appropriation for the portion of the Rent accruing through 38 December 31, 1998. 39 8. Records and Certificates The officers of the 40 City are hereby authorized and directed to prepare and furnish to 41 the Lessor, and to the attorneys approving the legality of the 42 Lease-Purchase Agreement, certified copies of all proceedings and 43 records of the City and Saint Paul Civic Center Authority 44 relating to the Lease-Purchase Agreement and to the financial 45 condition and affairs of the City, and such other affidavits, 46 certificates and information as are required to show the facts 47 relating to the legality and marketability of the Lease-Purchase 48 Agreement as the same appear from the books and records under 49 their custody and control or as otherwise known to them, and all 9saasi.2 3 �� -�3s F� 4 5 6 7 8 9 10 11 ia 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 9. Negative Covenants as to Use of Proceeds and Pro�ect. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement or to use the Project, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Lease-PUrchase Agreement to be a��private activity bond" within the meaning of Sections 1�3 and 141 through 150 of the Code. The City reasonably e�ects that no actions will be taken over the term of the Lease-Purchase Agreement that would cause it to be a private activity bond, and the average term of the Lease-Purchase Agreement is not longer than reasonably necessary for the governmental purpose of the Lease-Purchase Agreement. The City hereby covenants not to use the proceeds of the Lease-Purchase Agreement in such a manner as to cause the I.,ease-Purchase Agreement to be a"hedge bond" within the meaning of Section 149(g) of the Code. 10. Tax-Exempt Status of the Lease-Purchase Agreement; Rebate; Elections. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the in�.erest on the Lease-PUrchase Agreement, including without limitaCion requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Lease-Purchase Agreement, and the rebate of excess investment earnings to the United States. If any elections are available now or hereafter with respect to arbitrage or rebate matters relating to the Lease- Purchase Agreement, the Mayor, Clerk, Treasurer and Director, Office of Financial Services, or any of them, are hereby authorized and directed to make such elections as they deem necessary, appropriate or desirable in connection with the Lease- Purchase Agreement, and all such elections shall be, and shall be deemed and treated as, elections of the City. 37 11. No Desianation as Oualified Tax-Exempt Obligation. 38 The Lease-PUrchase Agreement, together with other obligations 39 �ssued by the City in 1998, exceeds in amount those which may be 40 qualified as "qualified tax-exempt obligations" within the 41 meaning of Section 265(b}(3) of the Code, and hence is not 42 designated for such purpose. 43 12. Saint Paul Civic Center Authoritv. The Lease- 44 Purchase Agreement shall be executed by the City only after 45 approval by the Saint Paul Civic Center Authority. 954851.2 d g _�35 1 13. Severabilitv. If any section, paragraph or 2 provision of this resolution shall be held to be invalid or 3 unenforceable for any reason, the invalidity or unenforceability 4 of such section, paragraph or provision shall not affect any of 5 the remaining provisions of this resolution. 6 14. Headinas. Headings in this resolution are 7 included for convenience of reference only and are not a part 8 hereof, and shall not limit or define the meaning of any 9 provision hereof. 4Rl��A� Adopted by Councii: Date S Adoption �ertified by Council Secretary u� Approved by May� D�te �� '�� a� ' B 954851.2 �j � o 0 � � c� c�..� 13 . GOV�RNMENTAL LEA3E - PURCHASE MASTER AGREEMENT Name and Address of Lessee: City of Saint Paul 15 West Kellogg Boulevard St Paul, Minnesota 551d2 Llssor. Norwest Investment Services, Inc. Northstar East Bnilding, 9th Ftoor 608 5econd Avtnue South Minaeapoliv, MN 55479-0146 i. . L ,. E ,t ASE. Lezwr het�by agas w tmeo ro Lacc�e� �nd Leua hercby agccs to Iwso 5vm Lnswr� fha Personel PropctY daaibed 'm a Suppioabnt « $�� t{�B A5�0� t.0.15i $OID 11mC 40 ti4le Sl� �' LOAWI.Md 32l7G YPW 4LC SCtInB md WIX�t0t18 86R {Of�1 LI ib! 701� $YpplCDtot �911Cb P�oDMY �G�tvrith nll «pluccmcate. ropaks aotl adffitiom inwrporctcdfMxcia aa�xedt6ede being a&eredm 6rron as "FquipmecY' ),ILe leate af ftu Ftane dceaibad ie a pmtioulaz Supptem�=hsU bc consi+lerod a sepreate imx puraumtm the aama �'the MaAor Lawe and Uro Snppiemeut the aeme m if a tiogle kese nBe�m� �mhaini � ta . tms hadlnxn cosumd eovocit� auelt itomc Fho axeautioe by Lma oFmdi Supplcmwt+Lstl wide�uo s dotCJ01411eL0A bS't{l0 LC95�d n111 G1C ..y�..�.....+.. cOVC[ad �W1BbY IS 068NU9I l0 1m PIOPC[ C�RCy! ppd CCOOOIDIC OQOfYStOIl itMl alSITl5 tC M4Y 14to tLs2 SaPPlomoet forihe nnluiaition ofthat EquiptnaM uadetUxtmas h�rmE tluttice £quiynant is aecasatyfotfhe govaameotal fumtiww af Lweeo. nnd that i.e�or'v neitherthe mnnufac4+rer rta a dtakr or mc+rbmt of Aaid Fquipmmt but hes agad m provide tLe fundiag fw aad on babalf of LO#ee �r t6e aequisttioe ofsaid Equipmwt undafLe icrme harooff att5o sAeoiGorwuet ofIemee 2. DELIVSRY ANb ACCEPTANC& Lessu wi11 evidmce ile aae(�fan�e eY1hn Enuipmmt by exeMmg md dclivotipg W LesTw a Delivay md RecmPwnce Ce�cua (6erem so rnlkd} iv nc�Soim W ba providad by Issm. 3.'IERM. Tkotazm oftpis Leua wif6 r�spcot m�cb irem ofF.quipmeu sfiail bePjn on Yhe dmee ik a aoxper� yy L�aem and s6ai1 wnrinue Hom fia mM eommaaemmt dme a6owv in We retated Suppltmeac udas eorliatc=rninated aQ providod Larein. 7'ha nrt aanmaeoemen[ dete ia fhe Anxpmp�z � as rcco[dcd unUu Auaptuca Ca�tifieote. 4. REN'1'. Lceece ahatl pry as buio reot forfhe 1i�L ecim ofthis Leasetta ama�aishwvn 3n t6c+etettod Suppirmeness Total Rent, aad aP�ar of eao6 rmt pnymert is poid as. �drep'nmistbc paymcnt of iotaraR. sadFx6ibit "A' aitachedto flw related SuPPlm�mt sattfottb tlm iotaat campmad of esd� rcrt 1�Y�t �tringt6u twm. The Totai Reotslmlt bc pnyuWa in inudimoak moh inihe athwnt ePlhc h�cradai Qaymeut sot foCth ut t� rolated Suppiemmt plueaqyapplioa6lesNamduactn,cshcrroaLavsoeebatlW+YteotlaimWlmmuacahowqinWeReTaDedSuppleroeW. ExaPtmaP��7P'O`�d�� 5naion 5 hereo� thc mWat paymaMa wal be aLSOluk and anwod'diaoai in all evanh and will �wt bc subjcet m nny aeeo� defoaae. wuetu olaim or raeu�neot £or my ccsavp wAaRwuvet. Le�coa roew�bly beLevea thetfimd� ean 6e obisivad suffioi�tPn make a11 reotpaYcnn��s duriagtlw2eem offhe Isase andlx�eby coveoawetyot its Maya aed sf&6will do Wlthing inwfullywithin ite poxxt W obtam, msmtain aad ProPe�Y�1� and pumm Sm� 8om wLidtt6a reot �oyDteoLt maYba m¢de. Yrie Mu}ror a6s11 �c�p�e.K tho nxlu+*reJ aPPrePri"tiau from Uw goveteieg bourd and cxhouet all avalahle admiaistratrve ttviews �d appeuta in t6e oveat sucb pe�tim otthe budgct u�mt appfo.xd. s. rlmusPexoPUra�nox oF FuNDS. [f r5e r.fayar ana .roff paioaicatty c�sc reom iu tegial�e tmy oc fucame sutlwriri fi�eas w ec pc;d te lrsear uader this Leus aed. aetxtifhstmdiogfhc makiog in good 9ith ofn� rcqucst in accord�nca with o�ropriele Pmsdi+*m su+l +�ith the oxueiae oP rossmahla mrc ond diGgrnce, auch l�stuivabo� orilrod;ng autlrority doesmt aPDreve fi� m be pnid w Lessor fortha E9uipmeot, Isasce mny, upou priar ..�rimm notiw b i.easor e�-avc 60 days aftar the gi�in4 04 auch notica or vyoe ffia ex6nuatioa af The flmdiag srthoriaad For the ihm atnrnt aP�� P�ad, whichavor it later, roWm the Equipment W I.aser at Lessxl expeaac aad tlwraupoa be »base3 oFiu obtigatiam m msko ail rmW payrt�ctde to Lessor due ihereaAe; pro.iided� (7 tLe Equipmeot ia rctumcdto LePBOr 8ui�1t qepaid aad innmed to any lwtioe in t5e coetlmfoI Umtcd SUtrs dmignated by Lcasor ia thc e�ama we�i4on m whm f¢st delivarotl m I.esvm, ruuaoa6le xaar a0d 9pc reatlCieB �iCIY frem authoc'vzd vsethxeoP �XaP�+d (ri) the fo!c8uiegao4oe sktas ffie fxilwe ofthe lagislatiw body ar 5 mdiu8nuutoRtYta aPDroPneto du vox�eey 5mda as rauon for oOKepation. md (ui) t6o notin �s awomppmed bY P%7� �'all amnuMa then duc W Loaeor under this Ienaa In t6e evene I.o�te roWras ihe Fquipmmt pwaumt to tha Lumc ofthisScetion 5, LcacwsHallrattinaii wmopaidbmmuodxby Wxew iiuludm6a°Y ^�Y �P�dlkcamdcr. To tlw mdmtPetmitkd M/ latu. iflhe �novieims ofUfi.e 6eotioe S am utitiacdby Leesee. S.ez+ee ag�cs nar ka pnrcyaeo,luase o[ imt e4u4�� Pa��Bfimetions sim�lnt ro thwc ecdormedUvough ibe use ePthe Equipment, ar W obttia @om mry sourcotin serviws ot iufmmoHon wLich tho Equipmeet aat to perfotm or providS for tlmbaianeeoftlaappropriatiooperiodSotlowingLevse2sczaeisoofitst�minationri�tSaamder 7affiaacteeL4eemi�dhyiaw,t6isSmtioe5willmt ba eonswai aa as m pemiit 7wassee w ktmimec Wia Loa¢e le orda to ecquirc nny otMx oquipment or m alioeate Sm� dircetly or inditedly W cefom+ caewtially thc s�me aPPlicalion fw wttchtha equipmplt a iMcadcd 6. I2�iPRESENTATtONB AND WARRANTIES 4P LES6F.E. Lasee ecpresrnrs md wsramts an6, so tong us this I,c¢eo �y m ��,y p�, �'�y abliBN+a� ID Lessor remsin uqful5ilad. shnll mnlinucto watrset at all time, Wst: EIiZ'd 0S0'ON 1tJ3W1S3ANI i53MbGN Wd60:� 866t"0I'lflf ��-�3� (a) I.essee is a Stah, a 7cait�y or a possassion oftha Uoitcd Smw, ttLc GSty of Calumbis. a� a pelitiwl subdivirion oP oa'l of the faaeg�g wit}ua tlx mtm"u�g of Scctim 103(n) ofthe Iatemal Re�muc Cadc af 3986, as �cad�d. md TmaARyr Regylstions fmd &�tm� �cistcd tbriqo. If L�wteo is mcapvmted, it ic 0uty org�aiaed sed mtisting �ndari�e Constinrtion and laws oFits juri�&a6m af mc�xpaaticn aad w71 do o[ �ause U be ebm atl � a��YTO A�e aa31c«q such orpnrsa6on mde�tistenae in flill£erxand �'cot @) I.eacchm bccn dutyautltceizedbyeLe c�iec sod (ws ofine agpliabk}utiadiotim+and tri :,ewlmioaaf it, S��S�Y t`�d+ rrsohrtioo. �reqncvndby I.essor. is atwobedhceto)m c�cute aad delivarthis Ieau aad esefi S�ppicmcvt�dto rJrty out irs obligationsLenveder. Co) All tci�tiutmcutr bave b06a � 9Ld pfOGe�vca havc xnUled f11 OTd¢f 20 IOSUtB S�IB tldOfOlYbilily of �1ie I.tesC, and T.ts6te f186 Cp�p3i0d Wlt�i fUC�I PV�IL bi�IDg MqYMOlII911�%. SQL�}'. A1ID14Y bC BPPIIC6��L`10�f6/fA059d10b6 OODtOlbf�010d�'tb1.1 jAPao, (d3 Th� E9uipmmt o.ill 6e uud by Lesaec ouly fa the �rPau ofP�+�s me or mom gevcnmrntsl ar propeidary Smatons of Lnex waaiatmtwith tlro Pemtissfb�e scoPO ofLrsvaL suthotity aodn711 net bt t�dia atadc or hu�nces of aqy petson a mtity o9iet ihea Lmee (e) Lcwm hss funds availablo ta pay reet uMil Ihc cod af its cvRCUt approptistioe ➢"nod. and iffi Mnyot and ataff wiil zcquaet fueds to maka pnyrmrnn in ead� npprapimtion Period, ftemmw until tbc cod oftLomrss offfiisLaasa (� TAis Least cnestiu�te� a vnliQ tcgW aad 6indiqg obligatiu¢ of Sravx m£occcablc agautst Sasaaa ie aWOrdanco with the rzrycctir. tuma 6ermf (g1 Tlda Lwac is aot an arbiflage boed fLr p�rtposa of SaYioa 146 of tha Iatemsl Reveoue Cede �' 1986, ac amrndcd, sad Lessor sud itt astigps ara antittad Lo ircut the interat portion of the paymaots te be mudc Lcrcundrr as cyempe from fad¢ral incama Lixas unda Seoiion 163 (e) o£the tntemnl Rc•cuue Code of t98fi, as amondnd {hj l.cacc aUatt maintni¢racotdx reluringm ftw Lasor npd its axigps suffuieetta compLY wkhthe cetiskation rcquimmeNs af Snaion 149(a) ofbm intc'nn1 Itevicew Code of f986, ae ammdcd tt)�n;�9«m�i�xe� G)Thia Lmte Ss not atd sholl �.bemmc a"prlvsmadivify baad" vrithinfhomeunin8 of Scction 141 a�16c Urtcmal Revanue Code oY 1986. as amandcd (k) Lcaace ahall comp�y uitL all pmririom of thc Ietemai Revonue C6de oP R986 Wtidt t�ro fficeeeary to presetva fie tar. oxompt status oftix inwtast comFonent ofthe pnymonta mnde aad W bo mado under tGis I.�es4 imWding, withaut iimitatio4 Um invesfmant mQ tebi�le piov3aiam af Scdioa 1as, fl�e pro4ibit+on aga;natreCeaai guarantia unae smi� las (a} adtsne intumation reporsng requ;mnrnis of scc6on aa9 (o} 7. wAixxarlrus. t�caw �as shst iehaa seleaed a�en itaa etEVuipmencbataa upon its mmi��s nna aiacaem,e oe�y cat;aoca upai a� statffitoais or repraso�ti�s made by Layoc LESSO&A'fARES NO wARgANTY WfFH REgP,pC7 TO TFIE EQUIPMENI; BXPRESSED OR IIvIP[.iED, aND LfSSO& SPECffICALLY DI5CLAiMS ANY WARRRN'fY OF MERCHANTABILITY AND OF PITNESS FOR a PAR7ICULAR PURPOSE AND ANY LfABIIdTY FO& CONSF.Qif£NfiN, DAMAOES ARISING DUT OF TEi$ USE OF OR THE INABII.ITY t0 VSE Tf� EQVtPMpN1'. Lcues ngrca w mnkc nata! md othu Pa}aneala rc4u'vnd 6acu�lcr without regaid W the oonelitioa oPUx Equipma�t m�d W look oaly to oWer ihan I,ceeor sueh as t!w ma�uP,aWrer, vaodor m�ria fficma� ehould any item oPEquipmrnr Sor my reseon be deCoctivo. So to� u no E of�2k0ult tras oocurred aed "u coatim�mg Lcsor agroee, W the m�tco4 tiKy are naiguablq to ssxign to Loeeae. wi6toul aqy recacse m Lma, anY wartmtY rxcrvoQ by Lesaor. 8. T1ILE. Upoe ;�eexppmnw ofUrc Eq by Lewne heramdrr, titte to tbe Fquipmart will vast ia the Lrssee: prorideQ however, Nnc () upon tha aua�ne�c ofu� �vopt of Dofaui; 2s Utat tetm is dcfurA io Sedim 20 Nateof or {u) ia ihe ewmk tha4 tt�e pu�chago tyrtjon,l[yry, has aa been tmroycd priet W the aXpireiion drtte ihcrco� tiUc wili immadiaOelY vat in Le+sar a' iffi naeig�ae. Fw se IoDg as title to t6e E9uipmeot vafs ia [eseec . Lowee at its expeuae shaH protcet wd defimd Uw titla and keep itfrcc afdl claiaic aad tiees e16et t6on 16c ri�fa et'Lcscx hareunCw aad olsims and Geoe oreated by or asisingtiftough Lesaor.lLc 6quipmmt e1wlt remoiu Pttaooat propcny rcgardloes � its amoiam� to teefry, end I.essra eg�ae ta tska �cL actian as itt eupence sa aiaybo neeessarS'm i+��t�Y�d P�Yfiroet x4u'vinB aeY Ldercat m 9x 5quipncntss a r�suk ofits akwhmmt W rta�.y. 9. 9EC[1R71'Y AGREEMENf; FURTf�R A95URANCES. To saa�re Ufe jmformxna of ail Ccss'�e'a abligatioas haeuedet, i.essce heteby gisnm W I�eswt a saoUtitY iptacat cot�etituQng a finst lien on 8�e Equigmrnt and on all ad0itia�. aM�a, rePedn� +ePiar.�mcub sed mad�eatioes thereto or tlsszd'ex. imSuding afi a8cr�uNira1 &Niqnmt ef Lasca, sad oo aqy Pmoecda GsereSrmn. Lcexc sgroca to oaecute or detiver suah nddiNonal da�mte. iucludiug witlwutlimintion.9nuaaiagamfcmc�e, opieions ofcoumel, no6ns md eimillar ifutsumenis, in fotms9tisf$aory w I.aew, which Lcxeor deams nacoseary or appropdnte m csre6tisl� an¢ maieLun its saurity inmmxt iu iho Equipmaut or foc t8e 000fxmWtan � pertuaion of thie I,eave add Leuots rid+fa Laatndcr. Laeaor ia hereby authoriud to S]e fimnciqg etffiomm6 mg�ed �SY bY 2aaor in acco�deGw witht6a Unifam Commaaai Co� ar aigsd by LcsaOr sa Lce300'6 sSfOlIId91e $a. 10. LAWS AND TAXE3. Lc�ee sball oamply with a13 7mw and regul�i� rolatiog m tde Fqaipnxnt aud its use sad shnll W�PtiY Pny whe� due ai1 8�i�e, uee. ProPatY. exaisa m�d ethv twtes md ali tieeate and regiNrelion fm now o� bemaftor im[+�� vY �Y B�'u�� Y �°B��S' � Yhe Equipmmk or itv uae or tUc mrtals heramder mrdud"mg, mawevrr, neytaxas on or te�wsurad by Lannr'e ad ineoma UpoA rayuest by Lesso , Lnxc shall prepnre aadfite all Wc ntums rotaains te taxa fer ufiioh Lasxa is respo�uible bvamdawhich Iasaee is permitted to File undcrtlu+ 7aWS ofthe applioabla taxing jurisdioflon I I. INDEMNITY. Lcssee hercby indetomfi� and agem w smx Lcaea' ltumloss ffom any und ull tiabil'tty aAd expatt0 atising art oP tlK ocdceing, mvnenhip, �ne, condition or oP�on ofeadt item of EquipmentdmingtActum afthis Lease. ineludi¢g liaL�Tity fa dea�b or;Djuq' � P�oni damage to � ELiE'd BS0'ON 1N3W1S3ANI 153M210N WdOi:E 866t'0i"�flf �g-�3� arcpaty. atcia tiability u¢da me La«s or9uaiaal arcisicas otaay state xme uaAta stNa, �a kaai c.�+ca in daf'mdins a�Gr claim roroughc to mWm aa}rsudf liobility er czpemq b�n acdudipg oay liab�lity2Lr whiohieace is miregoosi6kundcr 9eGicn I0. 12. ASSIGN,LffiNT. Witlwui La�el'a yriar writtm cooecat. I.etsee vcill �t sell. nvigr. su6k4 P�BS oc a6awiac awmba CL yetmit a li0C KiSing thrau� Iattae to �zA on or c&einet aey ittc�raet ie this Iaase or fhe P.�}uipmmt or r�ave thc 8quipmart[ from its toptiae xfeacd tn abnvc. I�or may al0igt ih ID1acffi int{tis S.m.ve iqd SCll of ga4Y. n 3eaYTity »1tQ¢rt m sll W d4}' PY2t OYfGO OqUip2cmt withc�lt Lt�secs CanaCat L�ee ag[eBS t1ol S014eR agaiastaq}'axsi�ee ofleavor say rJa� ordefcam Laasee mny Laux egaimtLnaor. 13. INSPECffON. IRaecrmay impectihe Equipmcrostany limc 9aG 5onetiRwtotime duHng tegut�c btumm houn. 14. REPAII2S. Lessec will uac Uw EquiPmmt wifh dve tmc and fw tde patpoae frt which it it ietendai. Itssec wilt �intaia ffic Equipmcat in 8eod repti'. eoedition aed woAciog oidcr nnd will fvmiaL all pvtt aed a�vias raquir�d t6erefa5 atl at iia w�. NI euch partt when &mished sSall immediakly bxamc the }eopertr of Lassor adb FartMlheEguipmcntfor aYpwpoux haeof. 15- IASS OR DAMACi& Iu tiro eMdII any ccm of Equipmaett eha(1 bxotne lesf, stoloe. datceY�, �S� �"J�nd xpaQ os sendapad PawueM(y unfit forux tor s�ry rcsson. or in fSe evrnt ofmod�meation or seimm oYanS ilw oESquipmmy Lwm aMll P��YPaY Ievw (aj Ua amamtoPaV rmt md �r omo�+, p�y�bio roy r.o�e horewaer +�ri�h r�a m� rtmn e„o 5�e uv�ia u n» aw or �n anrm� W� N) +� ,� e+�d in rhe Snpplom�t x an sxfiibittbncto m Gu Tamimtion Halmoe mo]uded in E�ibit "A , P�us (n) annmauot cquai to ihm applicabk Sa�l P�TM� �P� p�a aet foxfh in t6o 9upp]anen[ a �my exldbit iheeto. Upon p¢ymwt af euch atnount to Iesser. svoh ikm s6nll become the P�P�Y ��. Leesor w�i Siansfbr So Le�ee. ufil6oul mooWx or wa[ranty, afi of La45ot`s rigJ�t, title md mterce! thereip, the rcat with toSped to wch item sb4Ll iamaate. aad tdc basic mita! pnymam on thc mmaieing itemc s6all bn redurod nccwdiugfy. Locam+shaq PaY auY sales and use w+tts duc on wchtransfcr. nny inswanca or condaMatioa proceads ttoeived shult Dc psditcd N La�aaeg obligatioe u�ettld� Daiapfeph md Leaxe sball bc tatiNed to aey suPplus. 16. INStJR.WCE. Lcesce shaU obtaia and maiafaia on a whh rwpccc m tbc Eqnipment at ita own expeise (a)liabllitY mswarcc aga'viat liabilily kr bodilY +�]�Y � P��P�Y d�Be wfth a mil��imum Sanit of SSW,000 co6ibitud 8iag10lietit afld (b) PI�YSiC� dem��8e insutancc imuc+n8 aBav�ac Wss 9i datnage W tho EquipmeM in aD amount not Im tAm the full eeplacetAOn{ valye pPtye 8quipm��t or the omount atatcd in flfe SuppIommt ar an exlnlut thnroto as 1Le TYtmioratm Baimcc. Leeex ebWl &mieh Lassor wRh a eertiFonte o£m.+mmc eridaneiog tho ieevmca oPa pofiay or potioies m Leuee m at Itnstthemmimnm amouoia rcquired homi0. �ming Lassor oe nn additional'maomd ibpnundw' furtM IiSbility OOVerage ae8 ns lora psyee Sx the prapetty domn5e covcmgc. EaeN suds poliry shatl be ia eueh fora� md with eueh iasutats at may ba suiatuWry m Lawr, aod e6e11 conemn a elavu re.quiiiugtlte ia�ret to givo W tassor az ienst 10 da}s faiorvni�a uatim of a� akaatatioa mihe taen oPsuahpoiiry a t6e eae.cclintion9ia�ao£ aad adauae speo�iog ibat no action m miazcpmacnmtiaa by L�saa sifall invalidate suchpnlicy. Lnaeor ek�11 be undarno duty te staecmia tfie rxiamors af orto exmunc wry sur8 polity or W advise Lassee in flro eveot my mcb potiey ehali aat co[u�uPb' wit6 N�e requ@emrnt Uurcof. tu tiu mne iltat Lassoa has beaa pamitted m 8elf- immu5 Lca�eewll3iwniah Lcw�orwitha 1aUu or xrti5artc m eucL sficct. i'f. 8£1'URDt OP THE EQIriPMENT. Upon ux wpiration M aar{iar t�mioazion of Uris Le�, uoi�+s aVt poymwAa aiL w�da ss dasm'bad in tiw 6upplement the Iaxe wiil immcdinmty delirar tlu Equipmeok m Lcsaur ia thc ewo mndition ss w6en deliverad U LeffieC, a�mu�' wear end frar ouoptcd, at eucR location wititia tfie eontiarmtal Uuiad Stato� aa Lessor shnil daignote. Leesce s6d7 pay aN tnvvportntion and other oxPensas rolatia6 To euo6 del;very. 18. ADD7TIONAL ACTION. Lestec wi11 prnmptly axaeuie and detiver to L�or suoh 7�ufha dowmum and take euch fuAher aetion a4 Lastor muy ro4vest in otderlo morc effee8rety cany out t6o urteet and pu�pme ofHria Leasq 'n�chuiiog�hc �xaMion wd delivay ofappropriau Snanoing sttuanema m fulfy prolcct I,cmor'a itrtoresc hareuntler in aeemdancc wit6 tho [Jnifotm Commereial Cat63 or oihu o�ppliaxhle Eaw.Izeece willfumie6, fromtime W tiaa an r�qucKC s wpY �1�ssne's laku aonoa16u1acce alu�t and incame stakment. 19. LATE CHARGES. ifnny inataqrueM ofyssic mrt is not p¢id w6cn duc oc witi��iu 5 days �r, Lusor may imposc u lam dmrgc af vp to 5%of Wa amau�rt of U'c iusratiwont but jp aqy o�eM aot morc thoa pctIDittod Dy applioabie tn+: Paymeors 4hccenfkr mcc[vcd ehal] be applled fit� W deti�7uuR ine[[altmenk andthan W ouRaa InatatlmcNa. 29. DEFAt Eadi of tErc fol7owmg cvcais sfiall eoastihrtc ee "EtKnt of Adouk" h�munder. (a)lassm sholl !kil w gny whca due aay mstdtmcnt of boaic nn5 @) Lrasce sha11 fail W obmrve orperfoxm m�y otha ageemeet W 6e obseived a performcd by Luem hua�ader u�d t8e continuance thercuffor 10 catandar days fellowin6 wria.m mticc ehoroaf by Lessm� W I.smx; (a?.any wura0ey, ropro�tatioe or statemept mode ar fiimis6ed to Lawr try m on 6dwtf ofLLu�a pnwaw havc boeafatee ormisleud;ng m any mncor�al respact: or jd) I.easae shn1l volunmrriy £tq er hwc filyd again.a it iuvotuocaNty. a pctition for IiquiAuioa tmrgkwutioq sdjuahacat of dobt ot similu reliei `mder thc fcdcnl � Aate Baokcupuy Code or asry mher pmsmt or fuyam TadorN msiate baaktuptcy a insalvanry law. a attt�vtu, rcccivcr, or liquidpior s1m11 be appoinisd ofit ot sil ofu eub,lenri¢i Qmt oEits swcta. 21. �l�.fl�. IRSStt eitd (.Cb9CC 1e[CO �I TAi550rS f�LSgCJi 84$cRd �' 1L350L Cf 8ti Et'B�C OP �9111C OiC LLaL[LSi� GAQ �Ot �AbiC Of OXSQ mcaw'vnmt at thc timettis Leosa is ewwuicd bcausctlm value offfie E�Nipm.nt e4 ilu e%ptmtian oft1� Lesac ia ueu�taiA. a� therofom t6ey agreet6st far PuPposoa of tlds Sactiee 21 ^t.n+ora Loea° ac of an,y data s6alt M the smn oFBu fallmvi»g: {I) ffio amount oPalt tmt aad MBa �ounh p�ablc by Lossoe harouedu dut but i+aqnid aa ofauch dua 0� (2) tlsamow�c smtcd iatlta 3u�fplemmtor ae exlribit+hecso m fhc Tc+miantion $atmca P39%C3) a�+ amow�t cqnal to Nw appliaaEle Pum6ase W'Z� ectfath in 1La Supplemmt. Upao t6e ocan.cuw of aa Evont ofDefaitt i,ad � aqy time t6ara�lta, Lwer muy ezercisc auy ox or awta ofthe mssufies liued bciow es Lrseor in its sele disor�on muY Iswfutly cicc� Providnd. houroveq ttmt upen tAo oawrenca of ae £vme ef DefeWS apcci5ct ia Scatian 20 (dy an amaunt e9ua1 w Sssaor's [.em as aft0e data Of suahatourtcnw a1w11 avtamaticlly 6e aadbeoome imeecdiete5y duo and payabia.vitlwutnotict m dem�d of nnykwd A Leaor mny 5y writton notita W LaeeS terminate tftia Latm and deolate an a�naunt equat to Laseec's I.oss as af fhe dau ef snuh netice m be iromediatolY dua aad Payubiq and thc eame shall thtta+Aon be md 6ccanc immadiatalY due and payable willtout fiut6cr natix oe dcmm4 aed all ripxAs oP L�svee to �ae t6c Equipmoot atu91 +�+:�^•• but I�sem a6st1 ba and rem.� linble ms providcd 'm tlus 9caion 21. I� vs�il at its rapense promptly 3 ETib'd �50'ON 1N3W153RNZ 1S3MbON WdOi:E 866T'0S'lflf q8-� 3s a�vw tLO Equipme¢t m tasaor u n toanw� ar inatioos +�tin ma ooeeieami umtca smm �si�rtca aj i.cxaor. Lmor may use ema w� thC premises vlwe 9m Equq�mmt e 7onted mtdtaice ��++^ Dmcmion ofmd}rmovePoemmo artth onwithooYimti6ufng fegd Wo�d'v�• b. lrn� may Proorcd bJ' ap��uu wua oaim to m5xx peffatnsace bY Ieswe oftlw opplkaWe co�rnarts oE9vu Lcsee wto mrova .1br 6reaoh of ttus Lees4l.enafSIatv aw eFthe di¢e I.euoCS l.oex ia dacLxad �4ro md PsY�� '+�"^a' ; P 6orwer. t�t vpaa tecowry aPI�svofa I�. from ��r s� �� n.xoe+oxp�s �a d� af`u,c Fquipm�vt, se�or �ana�u�e Fquipmm�m Ima at m vxn lnaaam,�Oa paymcutvfaay ndditioeai amavatdue wderalou�e (C, D, � bcla.. C ID thc evcat I�r [�os�emm tlse EquipmmF, Lcvcr aiult ci4oe ral� tho EquigmeN in &N wtid`act�m of I.accth c6li�ttion haeunda' 67 3dt M Iesse cach eem af Pquipmoet in ateha mmnm mdupon mhtc� m I.cawneay io as mole d�metivndotomsm'Ibcpcoceede ef sucbuie or loenc dmtl 6a apWied m reimb�vae J.e.or tor tweorb t,oss �ea �r ndditiom� amouvc dun undar cimue tn. � eaow. Le�e sLan bc mtiflcd m mry nnpL�s ma Laece drafl *cmaia 6abk for sey d�Y. For pticposec aftltiR aubpu�graph, tln �oaeM af avy ]rmn cf nti ar a¢S P� �� P� �+Y �a 5fiall be tha amou¢[ [emvneblyani�cd 6y t<amr ae 0e omt oFauoh Fquipmmt in dctcreniaip,gtho Cmtundet eaah Leue. D. taeormsy+cwvu iotateEt on6u uepuid GJencc �'LcacoYS Iassfrom dRe it6teomagayuffie uotS fulty Imidet atateof 8 annum. E. I.amr may mrcixc a�q uthvs rigat os temedy avtila6le to it by law or hY a�OSmeat. acd may in aay cvmt iccover kgnt fcro sral othv oxpenta iecw�ed by reuoe of m Evrnt of Dcfavk or W 9w azazeisa of anY «�Y hacundcr includm6 oxPensas af rtPossrossla1 repnv smre&, �upmmticn. naddiapoeition ofthc Equipmmt No *emed5's��rcn in this sceion is iateeded U be eacalusivc, nnd � a6aU ixi awuistiw iwt only to t6o exteet �aasary ro P� l.c.aar to .cm.�er amowm forwhich Lassae ie Gabk hereuadat. No cxpnsa w uapliod waim by Laaeor ofaqy Evant of DePouk ahell c�eitae n avaivcr ofaoy ather E+�mt of DefaWt 22. NOTIC£S. ,�ry arimn actica haeundu m Lesxe afia{1 bc dcc2ocd ta bsva baa�d 8rven wAaf deliveretF pcnoouify or d�poaitcd ia fho UaRcd SFates maite, PwvraBc pm{iaid, addraxedw I.essee ata addtzas setfmth aia�e or al suo6 othu uddrev as mry be lastlmowato Losear. 23. ME7' I,EA6E AND UNCA1vpl7TONAL OBLIQATTON.'Itia Lcam ia a wmpleNly net twe and Leaaae'a obligufionm payil�c tent md amourts PaY� bY Lae� under Seotiom IS end21 ia unwnd'Aioaa) sud eoi mbjoot W enY �+a��4 ��a4 +�teffor dotcn.co of aay kied oxoe�t m e�ssfY pto�tided heroic. 24. PREPAYMENT'. TLia lwc aud aqy mistad Suppiemmt may bc prcpn;d ia wholS but no� in nmt aad oe a rogutarA'�l'm�ot dWe with fa�five (45) dnp writlra no4m to Laeecf. u�onPM13'sent aPfhe namuM actforth as'Iattaiastioe Vdiue oatho F�hi6ttA at0aclxd to caid 4upp7emeot 25. NON-CANCEU.A81E i,EASE.'I}us Lwe oam»tbe pmwicd ute�minffied oxmpt at w�ptass}y nrovided 6pcoin, 26. 9URVfYA1.OF INDEA9NITIES. Laseda obligatioua un0a' Sactions l0 md 11 shatlwtvivctamiaatica ofthis Lrasc. 2�. MISCELLANE01T6. MY�+nm of1&is Savea whiehis lmeetbtaeble ia my juriedicfion elmll. asto jwisdiUio4 bo ieeffeative W ihe exfsot ofauch ueenforuablltYY vrifl�out nrvaiidatiag tNo ttm.tining provisiam �' thEc ]cnso, and atd such unenfacaabilitY in e�' jurisdicti� ahnil not tendet veeuforxsbtc wc6 P�'�vision in my otba jurisdiction. '11iia Lum s6all ie alt raP'ob be So�emed bY. and c�truod in aceordanca wity, ffie sv6zWU;ve Isws otiLe nete in m6ich tM Lcearo is IoWad. 4 EtiS'd 0S@'ON 1N3W153ANI tS3M?JON WdLi:£ 866i'0I'lflf 9g-�35 Signature Page to Govemmentai Lease-Purchase Masier r�greemem Dated Juty 30, 1998 Lessee: City of Sa.irtt Paui; St. Paui, ;Vlmnesota Bp: Its: Mayor Lessee• City of Saim Paul; S� Paut, IvfiTmesota By: Its: Direcwr, Office ofFinancial3ervices Lessee: City of Saint Paul; St. Paul, Minnesota By: I#s: Chairman, Saint Paul Civic Cerner Authority ._Fs;� Approved as ta £orm: Assistant City Attomey Lessor. Norwest Investmeat Serrices, Inc. By: Its: Senior Vice President 5 Eii9'd 0S0'6tJ 1N3W1S3hNI 1S3M21UN Wd2S:E 866i'0i'�flf q�-��s Nora�est Im��tmeat Seivices, Ine. NOrtbstar East Bnilding, 9tlt F1ooY 608 Second Avem7e South Minneapolis, MI3 55479-01A6 SUPPLEMENT TO MASTER LEASE Name and add:ess of Lessee; City of Saint Paul 15 West KeUogg Boulevard St. Paul, Minnesota 55142 . «,.u, ��..i �t; This is a Supplement to the Governme�al Leas�Pntcbase Master Agxeement sdenti5ed above batvveen I.essor aad Leuee (the "Mastor Lease"). Upoh the execution aad dclivery by Lssspt and Le5see of this Supplement, Lessot hereby agoees io lease to Lessee, and Lessx herdsy agtees to lease from Lessor, the Properiy deseribcd yelpw npoa the tetuts and eoaditioas cf Usis Supplemcnt aad the Master Lease. River Centre Project;Exhibit HeiilMleeting Rooms Furniture, Ballroom Furniture, Staging/Riser Package, Office Fumiture & Equ{pment, Build{ng Operations Equipment and AudiolVisual Equipment Ri.a cart+c ns w�,e icoi�o� sow�d Rmt comwcacement date Tesm in months from reat wmmencement Rental puymeai period (check one) ❑ MontlflY ❑ AanoallY � QuaztertY B 6ther - scc additional provisions X Semi AdditionaS Provisioas: $asic ReaW Number t1f Rdvance Pa}meata Payareuts Payments S1t5,72B,5B 30 -0- tatemstRate F'sstPs}wrnt FivatPuccUasi Due 8ption Ptice �CIiL'd HS@'ON 1N34tiS31titJI 1S3Mc`!ON L1d2i:E 866L'0i'1(if 9$-�3� Signature Page to Supplement to I�2astar Lcase Dated July 30, 1998 Lessee: Caty of Saim Pmil; St. Paul, Nfinnesota �� Its: Mayor T.essee: City of Saint Paul; St_ Paul, Minnesota $y: Its: Director, pffice afFinancial Services Lessee: City of Suint Paui; St. Paul, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as tu £orm. Assistant City Attomey Lessor: Nurwest Investment Services, Inc. By: Its: Stnior Vioe Pres'sdmt 2 Eii8'd 050'ON 1N3bJ153RNI 1S3M216tJ WdZL�E 866L'0i'�(lt 9�- �3s t�.� __.�.�"':'�t;s-•-t-ss:s+a'� Ltity a5 Saint P�i Eilu'bit A Tarsl Paymcat lntermt PrinciP+� `�� Paymait A�ter Payment PuSment Duc � Aae Paym�t Due Payment Dne � �t Te v�rmraaYloa Date 52,340,�.dD Jnl30,1998 1 5115,728.58 564,942.80 $SO,T95.78 52,289,Z14.22 - Feb 1,2999 Z 5115��48.58 �63�182.31 �52�46.26 52�t36�66'/96 52�281�695.46 Apg 1,2994 3 5115,TZ8.39 561,732.04 553,996.34 52,18Z,611.42 SZ,2Z5,286.86 Feb 1,20b0 4 5115�728.58 560,241.73 555,486.84 s2,127,184.38 $Z,169q15.74 Ang 1, 2AU8 S 5115,728.58 Si8,710.29 557,018.� SZ,070,166.30 52,108,039.98 Feb1,2001 6 S115,728.58 557,136.59 558,591.99 52,011,574.31 52,047,1Z0.4a A,ug l, 3001 7 5115,728.58 $53,119,45 $60,209.12 51,951,365.18 51,984,61T.U0 Fch i, 2062 8 5315,728,58 553,857.68 561,87090 51,889,499.29 51,920,488.46 Ang 1, 2002 9 5115,728.58 552,150.04 $63,578.53 S1,S25,9x5.75 53,854,69Z.SS T+eb 1, a003 16 5115,�Z8.5$ 550,3�5.27 565�33.30 51,760,582.45 51,78T,386.02 Ang 1,2003 il 5115,728.58 548,592.08 567,136.50 51,693,d45.93 51,717,9Z4.28 Feb i, 2004 12 S11S,1Z8.58 $d6,73�.11 568,984.47 51,624.4�.09 51,646,851,74 Aug 1, Z004 13 SY15,728.SB $44,835.00 570,893.58 51,553,362.41 51,5'73,95L56 Feb 1, 200.i 14 5115,728.58 ffA2,8T8.34 572,85U.?A S1 51,499,145.73 Aug i,1A0S 15 Sf15,728.58 540,867.67 574,860.91 SI,AQ5,851.76 51,422,394.44 Feb 1,2006 16 5123,T2&S8 S38,SO1.SI 576,927.47 51,3Z8,92d.70 51,343,64&54 Ang 1, 2006 17 S1lS,T2&SS 336,fi78.32 579,OSd.25 51,244,874.44 S�,ZbZ,854.93 Feb 1,2007 18 $115,?28.58 $3A¢19b.53 $81,232.44 $1,1L9,542.A0 57,179,9b9.58 Aatg �, 20Q7 19 5115,7Z8.58 $32,25A.33 $$3,474.05 S],OSS,168.� SI,OSW,910,48 Feb 1,2008 20 $1]5,725.38 529,459_65 585,777.93 3�9,390.43 32,007,650.09 Ang 1,2008 21 �115,928.58 $21,583.18 588,145.40 5911,Z45.03 S918,12�.41 Feb 1,Z009 22 5115,725.38 525,150.36 590,578.21 5820,6fi6.82 S82L,2bS.97 Aag 1, Z009 23 Si15,7Z8.3B S2Z,650.40 $93,07&17 S727,588.64 $731,01T.23 Pe6 1,2Q10 24 S12S,728.58 S2Q,081.45 595,647.13 5631,941.52 5635,321.10 Aag 1, 2010 25 5115,7]8.38 S17,44�.59 548,286.49 3533,654.53 5336,110.8? Feb 1,2012 26 5115,728.58 �14,T28.� 5��,999.71 5432,G54.8Y S434,3�1.16 Iw� l, 2011 27 5115,728.58 511,44L21 S303,787.30 5328,867.51 5329,884.96 Feb 1, Z41Z 2S 5125,72&58 54,076.7d 5106,651.83 522,2,2]5.6$ 3222,733,39 Aug 1, Zt112 29 5213,728.38 56,133.15 5109�95.d2 5112,G20.z6 51�2,795.88 Beb 1, 2Ui3 30 SI13 728.58 S3 08.32 $112 6Z0.26 0.06 S1.OQ Au 1, 2013 G:iLEASEISCHEDIILEI[RiverCeatrazls]Lcase 7110/981:58 PM Norwest Inves�cat Scrvices, Inc Eti6'd 050'ON 1N3W1S3ANI 153M210N Wd2i:E 866i'0i'l(lf q$- (� 3 5� DELIVERY A1�ID ACCEPT�NCE CERTIFICATE TO: RE: NORWEST INVESTMElti'T SFRVICES, II3C. LEASE AGREEMENT DATED NLY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBIT HALUMEETING ROOMS FURNITURE, BALLROOM FURNITUR�, STAGING/RISER PACKAGE, OFFICE FURNITURE 8 EQUIPMENT, BUILDING OPERATIONS EQUIPMENT AND AUDIONISUAL EQUiPMEhtT While not all of the property described in the above LEASE (the "Property"} has baen delivered to us, we heteby request funding far the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or installations completed. We hereby accept the Property pursuant to the LEASE, agree to have the LEASE commence, and acknowledge that all the terms of the LEASE are in fiill force and effect. We understand that, Section 6{g) of the LEASE notwithstanding, if the fundin,g proceeds, �2,340,000.40, are not completety disbursed by 7anuary 30, 1999, the LEASE may become subject to the investment and rebate (i.e., arbitrage} pmvisions of IltS Code Section 248 arid we witl compty with all reporting and, if applicable, rebate requiremerus thereto. I,ESSEE: CITY OF SAiAI"� PAtJL; ST. PAi3L, MFNNESOTA � Juty 30. 1998 (Acoeptance bate) Directar. Qffice of Financiai Services (Title} EL�Ot'd 0S@'6N 1N3W153ANI 1S3MbON WdES:E $66L'0i'lfll ° /�-�3� CERTIETCATE OF APPRUPRIAfitOti' � of City of Saint Paul {"Lessee"}, hereby verify thai all lease payments due by the Lessee under that certain Govemmentai Lease-Furchase Master Agreemrnt dated as of July 3q ] 498, between the Lessee and Norwest Investment Services, Inc. as Lessor, for the $scal yeax ending Decembor 31, 1998, are within that fiscal year's budget and within an avail,able, uztexhausted and uztencumbered appropriation for the Lessee. IN WITNESS WFiEREOF, I have set my hand ttus day of 1998. Lessee. City of Saint Paul; St. Pau1,lVTinnesota � Its: Z?irector, Office of Financial Services EL!LL'd 0S0'ON 1FJ3W1S3ANI 1S3Ma0N WdEi:E 866i'9T'�(tt` 9' �- � �s 3TA'I'E OF NIIriNESOTA UCC-1 FINANCING S'1`ATEMENT This statement is presented for filing pursnant to Minnesata Statutes ch. 33b.9-4aZ DEBTOR City of Saint Paul, Fed I.D.: 15 West Kellogg Boulevard St. Paul, Minnesota 55102 5ECURED PARTY Nonvest Investment Sacvices, Inc. Northstar East Building, 9th Flonr b0$ Second Avenue South Minneapolis, MN 55479-0146 COLLATERAI. F�R USE BY Fl�JNG OFFiCER ONLY River Centre Project:Exhibit htalliMeeting Rooms �urniture, 6aliroom Furniture, StaginglRiser Paokage, Offics Fumiture 8� Equipment, Bui{ding Operatians Equipment and Audio�sual Equipment {to be located at 175 Wesf Kel)ogg Boulevard, St. Paul, Minnesota 55102) LEASE NQ. 0044-042 RETURN ACKNOWLEDGMENf COPY TO: Debtor Signature Norwest Investment 5ervices, Inc Northstar Easi Building, 9th k'loor 608 Second Avenue Sauth Minneapolis, MN 55479 Secured Paxty Signature ATTN: Karen Drahos-Peifer EI2I'd 050'ON 1N3W1S3ANI 153M210N WdEt:£ 866i'0L'lfli ��—�3s� IlvG'i7MBEN{:Y CERTII+'ICATE I, do hereby certify that I am the duly elected or appointed and acting Clerk of City of Sairn Paul, a paliticai subdivision or agency duly organized and existing under the laws of the State of Minttesota that I have custody af the records of suoh entity, and that, as of the date hereo� the individuals named below aza the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (� the signatures set apposite their respective names and tittes are their true and authentic signatures and (LI} such offioers have the authority on behalf of such entity to enter into that certain Govemme�tal I..ease-Purchase Master Agreement dated 7uty 3�, 1998 between such entity and Norwest Investmerit Seivices, Inc. (Lessor). Name; Its: Mayor Signature: Name: Its: Directar, Of�ice of Financial Services Signature� Name: Its: Chairman, Saitlt Fav1 Civic Ceater Authority Signature: IN WITNESS WHEREOF, I haVe duly executed this certificate and affuced the seal of such entity hereto this day oF .1998. CI.ERK EiiEi'd 0S0'ON 1N3WiS3ANI 1S3M2i0N Wd£S:E 866L'0S"lftr �t 8- G35 of Firnancial z, �s9e GREEN SHEET No 60948 � �.� ��.� �� _ � �J NUN0Q2 FDR � GttATIOWgY � L � � O ❑ CJfYG.�tR � R017�I1W ORDER ❑c9WlICNLBEAVICpOM. ❑RU11p1LL8tltY/ACtt3 � W �� ~ ❑ 70TAL # OF S(GNATURE PAGES 3, (CLIP AlL LOCATIONS FOR SIGNATURE) of the aCached resdution authot¢es the S2,340,000 financirp trensaction with Norwest Bank for operatiny d at fhe RiverceMer. This financing was previously approved by CF 98-122 which gare ihe Office of Rnaneial Services the authority all necessary actions leadng to the issuanee of thi5 lease. PLANNING CAMMISSION CIB COMMITfEE C{V4L SERV4CE CAM4AISS{ON �.9�57 Has Mis pataonfirtn ever xqficed wder a contrect fa this department� YES NO Has this persoNfirtn ever been a c'Ry empbyee? YES tS0 Does th�s pere�rtn possess a skiii not rrortnalry possessed by any cuReM cRy emG Y6 NO IS this persoNfirm a tat8�� endoR YES NO ncil previously appmved financirig for equipmeM for RrverCenter. &ds were set by the Ofice of Finariciai Services Nonvest Bank vras Iw� bitlde� at a pnce of 5.52% is araila6le to purchase the equipmeM necessary fu Rive�Cetrter. iwt Ee arailable to complete the transaction. S szxa.wo.00 SOURCE COSTiREVENUE BUDGE7ED (CIRCLE ONE) AC7NITY NUtABER YES NO ��nci� R�se�°u" � ��?R�� : �: '_ [ T j� } � �� c.� `''-� 13 0 . q8' - �3s GOVERNMENTAL LEA5E - PURCHASE MASTER AGR�EMENT � � Name and Address of I,essee: City of Saint Paul 15 West KeNogg Boulevard S� Paul,Minnesota 55102 L�ssor. Norwest Investment Servic�, Inc. Northstsr East Bnilding, 9th F9oor 60S 5econd Avcnue Sonth Minneapolis, MN 55474-0146 1. LEASE. l.assor Fercby agrw w Icaeo W I.awu, aed Isssec hercLy a�rris to loaso 5vm L�aor� 16e penmaI property deaibed id a 9upploamnt or Supplvncma u thia Master I.wst @om time w rime sigeM by t.msor oad l,aaa upan fhc temin md coodi6ous ed foAh in ffie raioted SuPPiemmt (�ueL D��D�Y �Ceihvwith nll rcPluaewn�s. ropoits xetl additiom incorpotMedtbacin a nffutad t6aeto bein6 Nderred te herein na "EquipmrAt" ). ihe tave of thc itcma dcazribcd in a pvtiautu Supplem�e.hsU bc comidered a aeporme ]mye yurn�mt m tde n�mn �'tbe Maet.v Lw+e and ite 6nppiementthe aeme os if a singie Imve n8r�,ncu< <oataioing mu9� tamu had bcm e�xeutcd wvaing such itom�. 7Be axemrtim by Ima oFmctr Suppkment oLWi widence a dotcrminction by the Leuee }hK tlu E9ufpnrnt eovaaQ 25ereby is asmti&) to ib propa, e�cim! aod �c o(Rtatioa aad dsiw m mhr into Nrot Supptomoet for 0e ocquia�tion eff6at Fyuipmeetundmihetssms hnco�tl�attisc Equipaent is neeasaryfortlm govemerntai functimn of i.ceae4 snd ffiat [sawr is neit6cr tbc mnnufachaer ner o dmta m mcrchoat of wid Eguipmant but 6as ageed m prwidc Mc Smdmg far �nd on 6eLalf of Imsee ter the sequurciae ofsitid Equipment under thc rum¢ horoot'ytih� yp� '�io requat ofI.sccc. 2. DEL[VSRY AND ACCEPi'ANCH Las« will cvidcaa i4 secopimce of �he Pquivmrne 6Y exewNng and detivorieg to Lessor a Delivrry ud Aecmptante Cn�ctw (6aem w ealle� in thcform to bn P�ided bS' Lasor. 3. ?ERM. TSo tetm ofthis Itue wi16 tnptat m arb itim �Equipmeot sfiall begin � the de4 if ix aacptai 6y Loctoo md d�ail oontieue ffom the rtM oommenoeme,tt dum abora wtLe rckted Suppltmmt vdevs eediatarmioated as providM hareio. T6e raet oummeuaomem duec u 1Le Acaspm�e Dato as r«orded ontho Actopt�ncu CaRiSome, 4. REN7'. Lesece+hatl pay as buio rcnt fonhciL➢tum ofthis 7.ease tho �ount stown a the telatM Suppkmmt as Total RaeL aed aporiion �eao6 rcnt paymeM is pvd at �mdtepmmts tbe paymqit of intutmt, cnd Exhibit"A' aaae}udto tho relavA SuPplauapt sets forth tha intecat cm��mt ofeacb mR tmYmcnt �tting tlwtenn.2ha Totat Reotsimtt hcpayab{a in irataflmeerts mah iellu emaunt oPt6e Luaic rwht payment eat forth io tAe roi�ted Supplement P��+a yq' aPPliosbie sola nnd ux tu shucee. Loeeee ehali Pnyrmt to imlaiime+4 m s4owu in tye Re2and 6upplement E1�cept m apccificnllY P � Seaien S hereo£ Uu reWal paymwtc will 6a ab�Wuk aod nnwoditionnt ia �il ewntc md vtitl not be aubjca to anY act-o$ dekaae, wuetx olaim or raouPmeot £or my aseon w'h7teoe�af. Le,wea rqwnWly believa ihot Swd� can 6c obt+iced su��eetm make all rcnt pnymm�a dutinBtha tatm oPtlte I.a�se mdLereby co�raanfa tLat ita MaYa aod iM9'wilI do nll t6ing laafullywitltin itc pmva w ebtm, msintain and P�P��Y �u and pursue5mda 4om whidt the mnt tm7'meo¢ may be made. T6c ASnym lbai{ rcquest the te9uvtd oPPiepxiWiov Lom 91Y govefn"v�g boufd Lad cx}Wwt all avatlablu adaliL'IStrat'ts'C Teviews' md appeale in the ove�lt suc6patioo elthc budga is �! app»vcA. 5. NONAYYAOPRIATiOAI OF FZRQDS. Sf tbt M.'n'er md siaff paiodidty request from its 7e&91at3vc 6ody or fwWmg wtberiry fueds W 6e paid to Insm uodaflvs LeASe and. mtwitlnfmdingths making ia good Rif6 ufwch requaxt in axotd�nu with appro7xieie y�oQdiucc ane with tho ex�rzise of rouonoble cue and dlGga�ce,+uch le�sls[iva bodY or fundin6 swhenty doaaaot approve iiwds m hc paid W Lavsw for tbaEquipmen; Lmses awY, vpon priw .rriuw wtice W Leamr effatirc 60 days aRar 4e 8ving oF �uch nodro ur upon tha ezbuuttioe at 16e Rmding sutyed2ed for tha 1hw a�trmt �PP�iat;o¢ Peied. whichowr u latu, roNm th� Equipmcnt to I.essor at ImaY axprnse snd tl�awpoa b� nhaud eFiu obtigstim m msko ail emat PnJ'me� b Lwor due 16eratlr, pro.�idcd: () t6o Equipment is ratumed to Lraaor HaiB� M�Ddd e� ineumd w any �oatioe ie tHe temuieetnt Ummd Snta duippated bY Lea.w in thc aaew wntlition m wha fcrt dolivarod to I.ecva, me+aoablc waa�md t�r mwttio8 soklY Snm autbai7,md wa Shmeo[ exaPSSd (n) fhcfmrgoing�tioe xkt�the failurc offhe legistativebody «Smdiag.utboriryto aDProPtiah fhe nc�osy fimds m reaton fot moa0ution, and (ui) t6o noein u accompnnied bY PsY�� of atl amounb thm due b LaVOr under ilva I.m.�w In tbe evcat LaeRee raNms ffin HQuiPmeM pum�mt to timLxfluotlhisSeotioaS,Le�wnitaUraisiedlntmopnidfwroundxbyI.e+ssaBxlud'v�B�Y�h�PddMewda. Tothoo#mtParm+tltdby law. $the proviaiam ofthi.a 6eotion S mre ukiliud Sasoa.Iasue b3' agcv � fe puec�sae, Wase Ot t� equ�me� P°'i°nnm8fum3ions sim�u to 5hmc pr+f«aied through ttw use ePfhe Fquipmart, ar to obtsi� @em aoy aource tYe serviws of iofmmnHm whic6lLo Pquipp7eet u�m to Perfo+m a providF fw flmbatuiaoftheapPrepri.tioopcxiodfollowingiesseeycsaemopfits},�yyy�enr;g6tMm�Ma 7o$eadmtpamiticdbylaw,tLisSatian3wi{t�t be cmuwed ro as m pemut Iauee u iem�imac t5ic Loaee ie ader te acqu;ti my utha� equ+Pmmt or m all«ac 5mib dinxtty or ind"aaotly ta pafocm eaemtiailytise sarpe apyliemionfor whichthe aquipmmt u iotmded 6. RSPRPSENTATIONS AND WARR.4A'17E8 OF LES6EE. Iascc reprncefa mQ wuants aeQ. so long na thia Lcaao io io effed u any part of Ln+cc'a ohUguioesm i�rser aauin v�l5llsd. slmlt m�in+utowaaaet az slltima, Umk: t� �35- (n) I�tasee is a Statc, a Teerimry cr a potsmtion oft�e Ueioed States, me Cky c�EColumbis. or a poiiticd subdivisim oP my af t4e foregoiog willtie ihe meenms oFSeetim 303(a) ott6e lehenal Reveaue Cadc of 3986. n mtended, +� TtNmty RagHlatiaes Aod R�di� cdaxd ihtr�tc. If 3aseea � 6'mcv�matcd, h u disty ar� eod m�stiog ucds tlee Coce4rh�tioa �ed hws oFits juria�a4m afmm�prcation aad Wi do a uues ie 6e done a(1 � m� D� ��D �� aade�stenoe in fWtferoe and effear. (b} Lesuc 6ae 6ocn duty aul6oeited bY�e Cm�4Ri� aed law oftla apPliqbk jtvudietie» md by a radution �ita Swemin66o0y (whieh reeolutioo. Empmtadby I.ecset. ia oetao6edhactc) to c�rot+rte and daliverihis Ieme and tao6 Sappl�eaGodto rarty out ics oblig,rtioosLeteunder. (o) All �i�¢mcoh have bom moC and pmecd�v¢a havc oramd in ordar So msuca 9» edaoeabSi§Y �d'ffiu I.m�e, and tamce Cas rompliad withac6P�Wiebiddie8+squiromentr.iYvp. mmqybe+PO1soblemtlrtrmxatio�eaftemplaUdbylh�l.mso. C�'[h� EqWPIDt� u'ill De used by Lasec onty fa tbe putpau o4petfbtedng me a mme g�ame�t a PeoptidatY 8matioos of Lmee cooaie�cat.rish thepe�missbie sapc oflr�ecS aut6ority aod �ill nKbc u� ia aUede a�na of+�'Poeaoa w' eetit3' o�ut6cn I.a�ee. (e) I.�wa Im� fund� a�a�7ablo to pay rnu t�Mil Ihe md of ik caurent approp6atioa yaiod. and its May� and �affv�1 zcquMiueda W mAke PaY�+iu each appcopriatian pniod, fromnew ur�iltbe ead dtbo-tpm oiffiial.oasa {� This Leue oanstturtu a valid, kgal aad bindiqg obligatim oFinvee mforuabic aga.'� Le�eae iu awocdance with We Rspe�ve tam, 6awf: (gJ Thit I.acc ic aoi an arbitrage bond }Dr Furtpasa of Sati� 146 of the Iakmal Raveoue Code of 1986, ac ammde� sud Las.wr aud itt xtiga am eatitlod to treat tLc inteceal pation of tiw paymmts W be mudc hacuod�x na cxemp[ from fedecsl ipeome hxat ueda Seatim 103 Ca) ofthc tatvna[ Rermue Cadc of f9S6, u ameedei (h) Laax abati wfnmm rococds reiwtingm Wc Lesor and its aaeiges svfficiootto eo�ty wlthtAe =egistatim:equircmcnts eS6xtioa 149(a) ofthe tntemat Rweew Code of 198Q m ammded. (i) TSis eecboo 7eR hlenk G> Thic Loata iz eot aed s6all mt 6s�c a"privam adivity bond^ wiihia ll» meu�B of Scman laI ofthc Iommsi Rwenoe Coda ef 1986. es smandcd. (k) Luacc sbail amp�y witb all preoisiom af the tntemot Revaaua Code of t98S u1ur8 are mnenry ta prarrvo thc ts�c wcampt suNa of the � iataresc camponrne otrbe paymcvm wadc aed W 6e made uader t5is L=eae, iroluding, without iimitafioe, tlfe in�astment md ttbu4 pmvlsiaru of S�aion 3aE, the pco6ibitioo sgaiqxtfederal guarontip undc S�op J,44 (b) aqdthe info[m.'Gioe fepp[ting requ'vcpcW of $ectiep 149 (c). 7. WARR4h"ffE9. Lasra agroeathat ithas seteaed arch itaa af Equipmoot bAUd upae iis ownludgneotead dieck� ury mGsoce upon aay �eais or represmtatioas made by Is�yoc L£S50& ASAKES :v0 wARRANTY WffB RE9E�ECT 70 Tf� EQiIIPMENi. EaRRE6SED OR ID4Pt.gD, +�tCD LE4SOR SPECIFiCqLLy DS5CLAL1fS A1V'Y WARRiL'v'fy OF MBRCHANTABIIdTY AND OF £1TNESS FOR A fAR1ICULAR pCRppSE AND ANY LSAE2LITY POB CO'.JSEQUEA?IAL DAMAQFS ARISING OUT OF THE USE OF OR ?HE INABIISSY TO USE THE EQUIPMPNt Leua ogrw w mnlm rmtsl and othu psY�� requ'ved hcmunda without iegand W ffie aondiGon oPthe Equipmmt md te look oa�y to peesom atlter tl�an Laeor a� aE t6e manutSeNrer, vendac a eonia thaeof ehould any ilem of EquiPmrnt fa euyrnsou be dcfeesiw. So kng at ao Evmt of DeOuh 6as oewrted and 'u eaawss�g Iawr agoea, ta the dxtmt tlky me aai�abk to asaige to Ia�aa. cviffiout m0'retoutse w Iraa, mY wa2mtY r�ccivad by Lenor. 8. TtILE. tlpal uaptea�e nft6c Equipm�nt by Lessee hera+nde, titic m 9s Equipment .n71 vest in ffie Itssak Provide4 houeve , t6nt () upon ihe ocwmaxe of an £ucat of Default os lhet tum u dcSncd in Sedioe 20 heteof or (u) in the e�et tLatthc pusham optiao. if'ao�y'. hu aa bxn exad.ed priet to the aagiratioe dnte thcrmF fitle wili immediatety ve4 iv Isoor a ia axsignee. Fx u loeg aatitle to t6e Equ3pmmt rota ;n Lcaam . I.aoeo at its o�peme a6n11 prmca and dof�d tha tiUe md keep itfree afdl elaims and tiens ethK then �he rig6b o£Cesoac 6orouadet aed etaims aed Hee� ottovd by or y+rio8 tivougb Lsssor. 7S�e Equipmcnt �lull temoio pet�oonl P�P�Y RBxdloes of ics acaohme�6to tealty, md Iasec agnxe m tako eucE uGon at its a�penc �a mayba aceeesaryto petvmtanyffi'vd pady 5rom aeguiting mYl+aerat m4keEguipmentse a scsuk ofik atvehmmtionaky. 9. BHCLJRITY AGREEMENT; FVR1'FIER nSStJ12ANCE6. To sea¢e Urc nerformunee d aq (,csaeo'e oblig,dioas beievnder, Iessec 6eteby ganm tu Iessar a seouThy v�tan� mastihnipg s fira lien on !be Equipmait aed an mll additimc, aa�.+, rcpn�� mplaamee4 and modi&ations tlmrem or thvdor, rocludin8 "u sflor-�uired Equganrnt ef L.a+m, and on aN'P�ooteda thercfrom. ieese agrora to mmcuta or daliuer wah oddidoael dac�cota, including withoui limintiee. Bn'woiagatatcmrnk. apuiiant afcoume�, natica md simi(ar �ten4. ie folmsatisCaatory W S.a�er, whicL I.rxeof dacmi +wuseafY or aPProycime m nmbtiah aod maini.tin its seauity intcrc� iu i}m Equipmeot a for t6e eenfirmLHoa � pcfrs+ioo of ffiia lrsse and Ecssols righta hem�mdrr. L«eor ia hereby authotized to 57e Smnciog etatommec a�ed aaly by Imor m acm�d+emwiytthe Unitorm Cowuetad Codc or:igec6 1ry Laeaor ac Lvaoe's atte7nry ln faat 10. LAWS .WD T.47�S. iaeaaa sball oomply wilk d17nw md mg�lafiaas rotstio5 m Urc Equipmrnt aod ite uee and d�all promptty pay wLm due at1 wt� vac, W'aP�Y. exoisa and ethttt�ta ond atl lieeate ond repidrutien fca now or bcreaRor impostd b9 mS' Bove�enm� b°dY ��S' ��, Equipmmt or iev uu m 6u n.umis hemimder drludm� hewcm aaSfams at er meuswrd by La�ur4 oet iocoma Upan requat by Leasx, L�,:c.6aff P*�P°T aadSIo all Wc xturas releting ro mxcs fer xfiich Iesue u ropoaublc hccunda wfiidr I.auee is permitted to file wdcr Wa kws ofrhe applio�bte tsxingjurisdiorion. � 11. INDEt.L�71Y. Lmec ls�ctry indamifies and �{ees m�n.x Lveaa haeilass 8nm my �md ull tinbility aod ��iying out oP t6c ordviag ewe��yhip, w�, wndilion ar operotion ef eaeb item dfquipmentduringil�etvm ofthie Gcsse iocludieg Hob�ily for dadb or injury to petaoat damage m 2 ETi£'d 0S0'ON 1N3W153/V,II 1S3Ma0N WdOi:£ 866i'0t,"lftf Rg-63� � � �� D�oP�S: �'ia liobilay ueder du La�v a judiaat dciciom ofscy sLUe ot t6t Uerittd Swtes. aad 1e8c1 cspenc¢ in defwding m�t' claite brougM U enfotce anysuch Ilobilfij ot expcm4 but accludin$ asy liabslflylMwLioh Ia+ee ia mt reapowbk undcr 9xlicn SO. 72. ASSIGh?AElvt'. A'C}WUt I.wori 7�� w�� aS Lros�e Wll rtot se1L a�, su63ey Dicdge ar at6riwiec t.natmba of P�IDit i fieC Yvou� Iwsmeto aatt on w asaimt my iataaet ia this Iaase or the Equipm�t «�emove thc Equipmant from rts lomtioe retared W abovc t.awr may ae�ig� iti'mhrrrt le tbit LWe iC� St� ef pi4t n feCUtity mi4q[ IL Dn OI 3II5' P$l OPibC � MS�au[ Ii�Bm'a LOIUCLt IA�E'e CgteOS DD[ U aT5lR 3�ESC�liFijLC00YI2{l�LIl� CIYIffiOf�OCOL�OLOS5C0IDpyI1GVC 0$OINIS.tlf�. i3. nuseecn�v. t�may �+w�;vm�,c�y�marwmsimeu� a�r�w� bu.� a�. 14. REPAIItS. Lwa .viU wc We F.quiDmmi with due eme md fnr ttic putpoae fx �hich it is iatmdaL I.eaec xill maintain ffie Equipmwt m gopd f�'P3V, COM{IItOG :ISd �t Otdet Lad wil� }uthi8�1 L{� pIIRt 1Ga fOM1YG3 50911Utd 4hctfo[e, a}1 af Ib a�Cyl6. f1n 6ftC11 QVCS M�eG fllRlfhld s� 1�14t4�}'�C 1be FpOP[{fp OE�i.'660f LGQ �'.G[ O[1�7G �lf�tmf fC! IIl{ f17Ip0f06 � 15 L09S OR DAA�eWE. Ie tbe avaa mry imn af E4+iPm°eR dWll baceme lost stelaa deetrnYs4 deroaBeA Leyo°d mpair °r rendarod peimotlaMty ue5t for uve Imany rea�en. or;n thc ev�ot dmadcmeatiat or seiau�e ofaay �em of Equipmen� Lwm etmJl promWYPaY Lasot (a) the mnou� ef aV � and athc nmou}Rs pcyablo by Losnoo Leroundor with resped w a�eh itom duo twt uepaid s 1Le d�Se oP fuoh PaYmmt Psu+ @) thc cmmut g� in ihe Suppkmont x an ofd�ibit tbercko u fhe Saminrtion 8alana iedudedin F.�ibit °n°, PLu (a) maawuat oqual tothe applicable 5as1 purah�s opti� Pvia •et fmtM in tho Supplemmont or aey exlubit thvew. lipoa payfocat � au�h amoum U S.asor, sudf item sbntl baome ffie proputy of I.eaem. Lemor w�l 4amibr u I.essee. wiihout reoounc or wanaut.y, otl of Lessor's eidht. iitle aod mterut fhacin, fhe ra� with resped to wd� item sfiall taminatc. md t6c basic reatd paymmh on fl�e rcmai¢ing items ebalf be xduc�d aamdiogly. L�sene �I pay any salec and uto t+aces due on wc6 traadrr. Aey ine� or wnacrrursuon aroc�eaas meivea.ilwu be aca;ua m t.oasoe's eetigwoa w�ea u� pxogaph m,e tsqa. sbau be entKlmw anr wrplus. 16. IIASIJRAIVCE. Lcscc duit obtain aod maiataio m or wtth rwpect m tbc EqnipmoM at ite owe eXpa�e (a) liabUity insutanx aga'vat tiebiliry for bod;lY aiu�' �d PtDP�nY d°m+B° �"'ith a minimum &mit of E5QO,0ao wmbiaed si¢gte limie aed @1 PhY� dam�c iiuurance mntcu+B agaisist ku w daenage to mc pquipmmt in aa mnouat mc Iw tEan tlm tufl rep2aeemem valua efihe Pquipmeut w tLe amount arated in rho Supplmam� a an exlnbit flferato as tde Tmoiontlm Bdance. lssem �hall fumia6lester w1tL a eertifiantc of mmemx cvidonciog tho ieaumce of a potiay a poLoies m I.essee m at teau 1he mietmum emoum. rcquired heroi4 aamieg Lmsor w nn additiawl inmrcA rbacunmx forthe liabitity ooveng,e md u loa paya for �he prapcty domnse covernge, Psth eueM poliry sLall be in weh turm md wdh aueb inavrers a� may be suicfSotory m Lawr, and il�all eoMaio n elauae [equiting tlw invrmrw giw W Lesaor at Imut 10 day� yrior wrinm mtiec ofa� ahatstion inIDe ta�m ofnuoh poliry w the waeollation theroo£ yad a eLwse speoGyinB that no uaion or avareprcacntaGon by Lossee sLntl invulidate wchpoliry. l.naeor ahsll be vnderno duty to asoermin t1u exinenc ef am exnminc my wcb pality or te advise Lessee in the event any au�b poViry ehaVt nat comP�Y with the nqu"eemcM thacof. lu thc evcnt thut Losue hss Deon parmited m reff- mwrS l.eacee u7ll fumieh L�or with a lehx or arti5rate m e�uh effcct. 11. H£TURP7 OF TF{E EQ�'74MENT. Upon fhe eapirafion or earlior terminatioa of Urix I.eeae, udee� ell pa�ent+ arc made as dasm'bad in the 6uppteeunt the Lasee witl irtuacdietoy ddivar tha Eqtripment m I�eor in tho aamo oondition u w6ee daliverod to Isute, erdinuty wear and teur or•w�. at ¢uch loc,uion wit6in tbe eovtineaml United Sfaue as I.rosor sfiall daigiwte. Lnue shdl pay alt trmvportation and other axpoases rolatiag m eueh deGvay. I R. ADDTITONAI. ACTION. Lwee will premptly ozecute aod deliver to I.aset yueh fu}!hc doeumcw and takc auch f+uther action as Les�ot muy request in ordu k more efTedive}y carry out the iMont and {we�wee oEtkds Levc, estndingt6c exm+6on aad dalivee�' of aPPro4n�te Tmonang auaemema ro fiiUy prolcct Lpaor's itlterest bereyndar vl atmtduoce tvitt� tho Unifotm Commueial Code et ethar opplioubte law. Ineec will Sutaie6, from tiuxs W time ap rrqucst a copy of l.essee's Iakuamunl hal9uce s6cot and income stakmeM. l9. LA7'E CHARGES. lf my'usstallment o{y � u not paid whm duc or within 5 days U�aaafteL I.essot may impose a Iate �erge of up ta 5°h of the amouirc of t6c ;uarallment but in se�y a�mt aot more thm peteaiCOd py apPlioabie law. Paymenfa 4he�eaRrr xeccivod ehall be appliod fust W ddiuqunrt i�uTSllmeuSCandflfen W amnt3natntlmcn4. 20. DEFAU[.T. Buh of Itie fol]ouvmg evca{B yball ppatfip#e yp "Eveot a{ fk{auk" ha+eunder. (a) Lsttm sbo11 fiil ro pny wl�m due my m#atlmcnt of bosic rcnk N) Lcauc shall fail to observe �yedom� mry ot�a s�eamentU be ebserved a perfowcd by Lcsrc Irrwndrt anP the continumee tLareoffa 1D estendu daya followal6 wrinen notire Waroof by Lesssor to I.tsser, (c) any we,raog rcpraeepyatiop or stii�mmt made or f�mis6ed to Leswr by or on be6nlf oPlss+ee provn tu have boen fatx otmisleading m aay rswterisl rasPect; or (d) Les�ma st�nl! volunmrlty file, or hnvc fitrd agaio,a it ievofu�tvily. a pctitien for liquiAtion. taorganimtioq adjuatmcac of debk ot similu nl;d under H�e £edaal x etate Bankruptey Code or aay olhet P�mt or fuhuc fatlenS erstate bsakivptry m iosaWenry law, a aiwteq recavcr, a�8quid�tw ehatl be appointed of i! a atl ofu suMmmiat psrt o£its aweta. 21. REMEDIE6. Lessor and tFaue aPloo that IassoYs dmnagr� su@'xcd by rcason af so Evaot oP Defnult ore uncntain md aot mpabk of oxaet mcn�urm�rnt mfl�c timethis I.eate is execuledbeeamet6e value ofUte Equipmeet ak t6e expkat[on oftl�ia Leaae ia uvcoRain, aod thareforo t6e1' f�te 76nt for puryosae of tltis SxGoo 21 "issso� L.ou" op of aAy daU shall bt thc sum ofthe following: (1) tho aMOUnt of all rmt and eLw �ounla prynblc by Isssea barovndu diu but �npaid � ofiauch dua plus (2) the amo�nt smted in tha Supptomeot or �e mfiibitthemto aa fhe Tmniaation Halanco, ptus (3} an mnount cqnnt fo tho applieahU P�ase p�e eetS'otfh intha Supplunmt tJpon the occunwcc of aa EveM of Def3utt und ��y iima thara4to. Leaor muy excrcisc syy ox or mote off6a remedies listtd bebw m i.e.sor in its ule disordioe muy lawtuily etmk 4mvidad, however, that upoa No xcwreau of ae £vmt of De�Wt apci.-i5r.d in Sectioe 16 (8� m amouat a9ua1 w Lwah L� u aftha psta Ofsuoh oeeurtence s{wl! automatipl7y be aad beaome i�cdiutcly dua and payable VriUwut iatia or dommd of'mry kind a Lwor mny, 6I' writtoa notia� W IpteS eaue�sr. this Leaao aed dealMe an maount cq�m1 W Iaaso�'s Last as of tbe data ef wd� natiw m bc imma}iamly dua and PaYdblq snd the aamo chsll Umra�pan be and bccomc immo0iauly due and PaYeble wil6out further notim n demsn4 and all eip�fb ef Inree !o �ae t6c £quipmoot shatl tetnwutu but icecm 66af16e and ttm.va liabte m pruvided'm this 9ation 21. Laesm sh�ll at ifs ezpease prumptly Eiib'd 050'ON 1N3W153ANI 1S3M?JON WdOI:E $66I'8I'"1(lt q�-�3s" dd;.2r me Equipmmd m uuw u n boo4on or ix+eioy *�hin me oonsnmw traitea sma �i� by Laeor. t,.s+or mry sw ema upm me promisas vhero Uro Equipmmt e Ionrcd md tske imle�0iate Dms�vian aEmd mmvc �e aoma wRh or �ithatt imfi W tiet � P�o�admaa. B. Iraor may Pr°md bY aphvpt�a teuR mlim ro coforcc perfomlioa by I.aaee alt� ayplimb4 wornv�n aE9rit Ltsac orio �'N'.2bt 6te�oh et flus Lsma WuatY Les.v av eFthe dae Iiaw's Leu u deelxad diw md psyebk � .-, P'°`^daf.6a.owoc tlut upon tewwry aPL�ssetS I.m+from I.es�miaanY�aaianwitlicul6sveogiotepo�xeeccmd�af'1LeFquipravt I.a�ordmiSUaeifaV�cF.mi'ry�actoImxatmriLrn7amROnupos PaY� ��' addicioeal amwmtAue uoda atcu�e(C, D. � bolw. c m � � �„�, � � �,,;,�. s.� �u �� a� r.�a�u � Na.�r� �t�ti �nu� � �r�u or ksu csdi 0em af P�NiP� ie weh aaumhx aadupm�wd�le� asTsawrinsy in us wia disaaiandetomima. Thepcoreed� d auch Wc rc lnmm �ha0 be app{itd W refm6ime Lraor fw LmorR Less aed trry ad�timal ama�ot due smdcr clnun jD. Ej bdow. Iasfee afiotl be wtifled tc aey aupius aed i.n.cc ahall *cmaie tiable for aey de5eimay. Fw pwpomc ofihi.s eubpart�gtayh, We D� af mY leuc af all m�YP� �� PIDmt UY Imor fluube the �mouoc�en.ou.eyaari�recy Laaor sc tbe oat ofwob Equipm�c m d�cmi�iogtto rmcuear �ah Ussa D. Lcu�wymava intorxS m Oro u�pnid bulmcc �'LuwrsLosafr� dota itbeaomapoyuWe uetit5itlypa;dstnialeof! & Lcnr may aoccitc ary� oNwr rigbt ar ramedy svailaWc W& by faw ar 6y:@eemeet, aed may ie my evmt rewver legpl fmc aod of6er axpeeus incmmd by' rcuaa otm Evaa of Ddavk a W� e�oxeim of any rcmedY 1,anmdQ i�nd'm8 a�ases af »possessiai nD� �a6�� sP�� aaddi.pcw8ion oftho Equipmeac No remedy pven in tina aeetion is mtmrled to be amlussv. md md� dnD ixi cumuktiw bmt only m tds extent neeess�y m permit Lnror m rom�v �ama far+r6iotr Lassee ia liabk heroundu. No cxpra� a iv�ptiod waiva by Leeeu ofa� Evmt of De&uh aholl mertmdc nwai.ar ofa� otha� E�aet of DotaWt 2Z NOTTCES .4ny wriurn aotice haeundv m Iswcs ilmR bc dwmod w Lm beee givea aime delivaed pc�onstly m dcpsimd'm fho Unitsd bYaDes mnikP�B° P�d aaacauaa ts�vx ac a, addtw eacfotth abm�a er m su�h m6v,.ad�ei, u mry be taeclmoaaw Loeeoe. 23. NET LEA6E AND UNCONDtTlONAL OBLtQAT10N, 'lyia Luco it a wmpldcly rtK lasse md Leuee'a obfigutim tn p�r thc md and a�ounb payaalc �eouedetSeotiomlSmd2lbun�ond8ioaalaedeotsWgedWOnYabotrmon4*cduR+on..c�'ordoSaaeoaSaeykindameptasarpressly 24. PREPAYMENT.'fhia lm¢ aod ap� rotamd Supplemmtmay bc pcpaid'm wFd4 but na in 4�. md on a rogalsr p�yment dah wiffi fmty-five (« d¢y' wrhtm ooCm to Geacot. upon PaYmmt of4hc aamuM�otfort6 a6 T•�••'•�.e�^• Vaiva ontife Edd63tAamc6cdtn wid 4uppictnaat. 25. i�ON�CANCELtnBtb LEfSE-This Lave aamM bc cmmkd ortc�wated ascoptac mpinssiyprovidep hetaia �c. svRVrvAto£ IlvDEMh'n'fES. t.wsS cbtigae;ooa unax seatinons lo ana li �hutt aurvhetmoimtim o£mie Lmac. 21. A4SCELLAA�OUB. Aqyqavirioa aftbia Leaae wttidt is uoeofLrcee6le in "n5`1�� L a¢to jucbsdiefio4 6e ineHtative m tAe esknt ofauh unaoCOraWNlity wittiaut 6rvalidntieg tM fem,tieieg previ�i�a o£ Wic ]cuoo, adiQ atq sud� uneefaceability !A aq' jtmsdittim dwll not Icadttt necnforwbte wch Dro�ision ia tmy oth7 jurisd+eiioa Thie Lei+e �al( ie olt iespeats be yrovervr� by, aad ao�cuod i¢ xcordanea artiL Ufe suhVantive lews ot16e nue in whicu tkic Lwoa is loca6ed 4 � � � ET�S°d 050'OFt 1tJ3J153rWI 153Ma0t L1dii:E 866i'0I"�(l.0 `l8"-�35 � � � Signatute Page to Govemmentai Lease.parchase Master Agreemern Dated Tuly 30, 1998 Lessee: City of Saim Paul; St. Paul, Ivinnesota By: Iis� Mayor I.essee• City of Saint Paul; St. Paul, Ivrrmesota By: Iu: Director, Office of Financial Se�vices Lessee: City of Saint Paul; St. Paul, Minnesota BY . Its: Chairman, Saint Paul Civic Center Authrnity and Approved as to form: Assistant City Attorney Lessor. Norwest Investmeat Services, Inc. ay: Tts: Senior Vice President ETi9'd 050'�J 5 1N3W1S3ANI 1S3MNON Wd2�:E 866L'0L'lRt qc�—� 3.� Norn�est Is�estment Suvixe, Ine. Nortbstaz Fast Btuldiag, 9th flool 60& Second Avenue South Minneapolis, MN 554�9-0146 sUrrt,EMErrT �ro NrasrEx �,,s� Name and addmss of Lessee: City of Saint Paul 15 West KeUogg Boulevard St_ Paul, Minnesota 55102 ,..«.u� �� i� This is a Supplement to the Goveramental Leas�Purcl� Master Agreemeat identified above between IRSSOr aad Lessee (the "Mastei Lease"). IIpoh ihe exe�ution aad dchvery bY Lessot 3ad LcSSee af tLis Supplement, Lessnt hamby age�es to IeasE w Lessee, and Lesqec hereby agmes to lease ftom Lessor, tLe Property degen"bcd belpw up0n the tesms and eoadirions of ttds Supplemcnt aad the Master Leese. River Centre ProjectExhibit HalUMeeting Rooms Fumiture, Bai(roam Furnifure, Staging/Riser Package, Office Fumiture & Equipment, Building Operatians Equipment and,dwdio�su&I Equipmerrt �� s w,�txa�uggaoWeva.a Rmt eommencement date 7.30-96 Tam in moatha from mtt wmtncnameat R.entat paymeat period (eteck mie} ❑ Monthly ❑ Quazterly X Semi ❑ .°.uauallY a oU,« - sx addihonal pmvioions PIOViSi005: B�� t�t x,�mtec or na�� Paymeats Paqments Paymears s»s.7ze.sa so .a tataestRste FuatPayaeaR FinsiPiucUese Dne Uptioa Price � � . ''cT/1.'d 850'ON 11 153M210N bJd�ci:E $66I'flt"lf1F qg- 6 3s � u � Signature Page to Supplement to Master Lease Dated July 30, 1998 Lcssa: Ciiy of Saitrt Paui; St. Paul, Minnesota. By. Its: Mayor Lessee: City of 5aint Pau� St. Paul, Minnesota By: Iu: IJirector, Office of Financia] Services Lessee: City of Saint Paul; St. Pau1, Minnesota By: Its: Chauman, Saint Paul Civic Center Authority and Approved as to form. Assistant City Attomey Lessor: Norwest Investment Services, Inc. By: Its: Senior Vice President 2 Eti8'd .- 050'ON _ 1Fi3W1S3ANI 153M2lON WdZi:E 966T'�I "Rlf 9�- �3s' w,�«C�e «t�t� e�i� C'ity af Saint P�1 EsWbit A � Tonl Psymcat 7nterat p�Gp� A{ta' Paymmt Atter Paymmt PaSmeot Duc Pmt � PsYmmtDue PsymentDue B �� Te V � Datt 'S2 Ja130� 1998 1 5115,928.58 564.94Z.80 $50,785.78 S2,Z89,Z14.22 - Feb 1,2999 2 siis,�� s�,isz.3i ssz,sa6.s� u,�s,��ss 52�281�69L4d wus i, � 3 5115,728.58 S6I,T32.04 553,996.54 52,182,671.02 SZ,ZZ5,286.86 Fcb 1,Z000 4 S225�728.58 560�242.73 555�486.84 52,227,184.38 Sa,16T,41i74 Aug 1, 200Q S 5115�728.58 sss,naz9 557,018.28 52,070,166.30 52,108,U39.98 Feb 1�2001 6 5115,�28.58 S57,136.39 538,541.99 52,OZ1,57431 52,047,120.44 A,ug i, 2001 ? SIIS,728.38 SSS¢39.45 560 51,951,365.18 52,984,617.00 Fch 1, 2082 8 5135,?28.58 553,85T.� S61,B'lQ.90 $1,889,444.29 $1,920,488.46 Aug 2, 2002 9 5115,T2&58 552,250.04 563,578.53 S2,825,925.15 5�,854,692.59 Btb 1,2D03 3U 5115�928.SB 550,395.27 565,333.30 $1,960,5$2.45 51,78T,186.02 Aug 1,2003 11 5115,72&58 S48,S92.06 567,136.50 51,693,445.95 51,717,924.28 Feb 1,2004 12 SiiS,128.58 S46,T31.11 568;189.47 51,624,456.A9 51,646,861.74 Ang 1,ZOdd 13 5115,728.58 544,835.Q0 570,893.56 51,553,56291 S1,573,95L36 Feb 1, 2005 14 Si1S,71$.SS 542,878.34 572,8.i0.24 S1,480,712.6? S1,499,145.73 Ang 1, 2005 15 8115,728.5$ 540,867.67 574,860.91 51,405,831.t6 $1,422,394.94 Beb 1,20U6 16 5115,728.58 538,881.5I S96y2Z07 51,328,9Z4.70 51,343,6d8.64 Ang 1, 2006 19 5115,?2S.S8 536,6?&32 S7�i S1,2A9,874.44 51,26Z,854.43 Feb 1, 2009 18 5115,728..58 53A,A96.53 S81,Z32.64 S1,1G8,64Z.40 Sl,l?9,960.58 Aatg 1, 2007 19 5115,7Z8.38 532,254.53 583,474.05 51,085,168.36 51,094,9�0.98 F¢b 1,1Af18 20 S11S,728.38 529,45Q.65 585,9?T.43 5999,39Q.43 51,007,650.09 Aeg 1, 2008 21 5115,728.58 $17,583,18 588,1dS.40 5911,245.03 5918,I20.41 Feb 1, 2009 22 5115,728.5$ 525,750,36 59Q,578,21 5810,6GG.SZ S82L,2G2.47 Aag 1, Z004 23 5115,728.58 $22,650.40 S93,OT8.17 5727,588.64 S73? Fe6 i,2010 zs sus,ns.sa sio,osi.as sss,6a�.� s�a�,sei.s� s�as,�ii.ia �8 i, mio 25 5115,728.38 S17,441.59 598,286.94 5533,654.53 SS36,110.87 Feb 1, 2012 26 5115,128.56 514,?28,86 $100,999.71 5432,G54.81 5434,3I3.18 Augl,?All 27 $115,72B.S8 SI1,9iL27 5103,T8?.30 5328,867.51 5329,884.46 Feb i, Zff12 28 5115,728.58 54,076.74 5106,651.83 S222,215.68 5222,T33.39 Ang 1,2Q12 29 5215,728.58 56,133.15 5149,595.d2 5112,620.26 5112,'/95.88 Reb i, 20]3 30 SIi T28.58 53108.32 Si12 620.26 .00 Si.OQ Au 1, 2013 � � G:ILEASEISCHEDIILEI[RivrrCcnira�isJLca�c ?li0/98 2:58 Phi Norw�e� Iavestmeat Services. Ine £ii6`d 0S0'ON. 1N�J1S3ANI 153M210N Wdci:E 866F'0T'�lf ��- (� 35� � DELIVERY AND ACCEPTA.�'CE TO: NOIiWEST INVESTMEI��'T SERVICES, INC. RE: LEASE AGREEMENT DATED JULY 30, 1998 FOR: RIVER CENTRE PROJECT:EXHIBlT HA�UMEETING ROOMS FURNITURE, BALLROOM FURNiTURE, STAGiNGIRISER PACKAGE, OFFICE FURNITURE 8� EQUIPMENT, BUIIDtNG OPERATIONS EQUIPMENT AND AUDIQNtSUAL EflUlPMENT While not all of the property described in the above LBA.SE {the "Properry") has � heen delivered to us, we herehy request funding for the LEASE so that partial payments can be made to the Praperty vendor(s) and Property deliveries or instalIations completed. We hereby accept the Property pursuant to the I.EASE, agree to have the LEASE commence, and aclaiowledge ihat all the tenns of the LEASE aze in fiill force and effect. We understand that, Section 6(g) of the LEASE natwithstanding, if the fundirag proceeds, $2,340,000.40, are not completety disbursed by January 30, 1999, the LEASE may become subject to the investrnent and rebate �.e., arbitrage) provisions of IFtS Code Section I48 and we will comply with all reporting and, if applicable, rebate requirements thereto. LESSEE: CTCY OF SAINT PAUL; S?. PAUL, !bIINl\TESOTA BY: IJirector. dfiSce ofFinaneiai Servirps (Title} — July 30. 1998 (Acoeptance baze) � E[�L'd 050'ON - tiJ�7i53ANI i53i9?JON 1.1dEt:E , 86b�'01"f�t q�-�3� � CERTIFTCAT'E OF APPROPRTATION � of City of Saint Paul ("Lessee"), hereby verify that all lease payments due by the Lessee under that ceRain Govenunental I.ease-Purchase Master Ageement dated as of duly 30, 1498, between the Lessee and Narwest Investment Services, Inc. as Lessor, for the fiscal year ending Decembar 31, 1998, are within that 5scal year's budget and within aa available, une�shausted and unencumbered appropriation for the Lessee. IN WI113ESS WHEREOF, I have set my hand this day of 1998. Lessee. City of Saint Paul; St Paul, Ivflnnesota � Its: Director, C�'ice of Financial Services � � £TiLI'c} 050'ON 1N341153MII 153hRI0AI iddEi:£ S66I'0L'"lflt �'�- 6 3s � 3TATE UF MIlV'N�SUTA UCGl FINANCING STA'I'�MENT This statement is presented for filing pursuant to Mianesota Statutes th. 335.9-4U2 DEBTOR Ciiy of Saint Paut, Fed I.D.: 15 West Kellogg Boutevard St. Paul, Minnesota 55102 SECURED PARTY Nonvest Investment Services, Inc. Nonhstaz East Building, 9th Flaor 608 Second Avenue South Minneapolis, MN 55479-0146 � COLLATERAL FOR USE BY FlLING OFfiCER ONLY River Centre Project:F�chibit Hail/Meeting Rooms Furniture, Baliroom Furniture, Stagingil2iser Package, Office Furniture & Equipment, Building Operations Equipment and Audio�sua! Equipment (to be located at 175 West Kellogg Boulevard, St. Paul, Minnesota 55102) LEASfi I�TO. 0040-002 RETL'RN ACKNOWLEAGMENT COPY TO: Norwest Investment Services, Ine Northstar Bast Building, 9th Floor 608 Second Avenue South � Minneapolis, MN 55479-0146 ATTN: Karen Drahos-Peifer Aebtor Signature Secured Pasiy Signature £tiZL'd - $S9'Oi�f - . _ - 1N3W1S3hNI 1S3MbON WdcZ:E 866I'0I'�f1f. q�—�3s� IlvCUMBENCY CERTIk'ICATE I, do hereby cerkify that I am #he duly ete�ted or appointsd and acting Gerk of City of Sairn Paul, a political subdivision or agancy duly organized and existing under the laws of the State of M'mnesota that I have custody of the records of such entity, and that, as of the daxe hereo� the individuals named below ara the duly elected or appointed officers of such entity holding the offices set forth opposite their respective names. I further certify that (n the signatures set opposite their respective names and tities are their true and authenac signatures and (II} such officers have the authority on behalf of such eatity to enter into that certain Govetrunental I.ease-Purchase Master Agreement dated 7uly 3Q 199$ tsetween such entity and Norwest Investment Services, Inc. (Lessor). Name: Its: Mayor Signature: Name� Its: Director, Office of Financial Services Signature� I�'ame� Its: Chauman, SaintPau] Civic Center Authority Signature: IN WITABSS WHEREOF, I have duly executed this certiftcate and affixed the seat of such entity hereto this day of . 1998. �� . � � � __ _ . - , 'F ' . � Ei�fi'd -650'ON lN3W.1S3hNI 1S3M210N �-WdES:£ -$66L'0T'�Flf