FIN 2017-02-22 Item 2A - Agreement - 2016-2019 Dell Computer Lease Agreement

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Prepared For: CITY OF TUKWILA, WASHINGTON Joseph Todd January 9, 2017 ASE_QUOTE The Lease Quote is exclusive of shipping costs, maintenance fees, filing fees, licensing fees, property or use taxes. insurance premiums and nitar items which shall be for Lessees account Lessee wi(I pay payments and all other amounts without set -off, abatement or reduction for any reason iatsoever. Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the appropriate taxing authorities. If you are sales tax _fit - please provide a copy of vow Exemption Certificate with the Lease Contract if Lessee provides the appropriate tax exemption certificates to DFS. les and use taxes will not be collected by DFS. However, if your taxing authori ty assesses a personal property tax on leased equipment, and if DFS pays that K under your tease structure. LesseerLtuss:!_mt)Snse OF5 for that t >. expense in connection with the(,essee's lease. JRCHASE ORDER: The Purchase Order must be made out to Dell Financial Services LLC., One Dell Way, RRS -23, Round Rock TX 78692, The Purchase rder will need to include the quote number, quantity and description of the equipment. Please be sure to indicate that the PO is for a lease order and shows e type of lease, the term length, and payment frequency. The date of the lease quote referenced should be included, Please be sure to include any applicable upping costs as a line item and include your address as the SHIP TO destination. SURANCE: The risk of loss on the equipment is borne solely by the Lessee. Lessee shall be required to purchase and maintain during the Term comprehensive public liability insurance naming Lessor as additional insured; and (h) 'all -risk' physical damage insurance in a minimum amount of the irchase Price, naming DF5 as first loss payee. "IATION COVENANT The Lease will contain an appropriation of funds clause. The Lessee will covenant that it shall do all things legally within its to obtain and maintain funds from which the payments may be paid. MENTATION: In addition to a duty executed Agreement, other documents as reasonably requested by DFS may Ir_ required, such as but not limited to, is of counsel IRS tax exemption forms (if applicable), and audited financials. SAL VALIDITY APPROVALS: This is a proposal based upon market conditions and is valid for 30 days, is subject to final credit approval, review of the miss of the transaction, and execution of mutually acceptable documentation. Page 2 of 2 14