FR - Fire Department PO-FR-26008141

Lease Purchase of 4,000 Motorola APX8000H XE Portable Radios and Accessories by FR - Fire Department

The FR - Fire Department, a municipality department in Los Angeles, California, entered into a lease-purchase contract for 4,000 Motorola APX8000H XE portable radios and related accessories including batteries, microphones, chargers, and antennas. The lease term is ten years (2020-2030) with an interest rate of 1.292%. The total cost including interest and applicable sales tax amounts to $21,823,786.52. The financing arrangement is through JPMorgan Chase Bank N.A., which funded the equipment vendor Motorola Solutions under Municipal Lease with Option to Purchase Agreement. Monthly payments are $181,864.89 with the lease commenced on July 15, 2020. The equipment purchased includes 8,000 medium capacity batteries (Model PMNN4547A), 500 high capacity batteries (Model PMNN4573A), 4,000 microphones (Model PMMN4106D), 500 single unit chargers (Model NNTN8860A), 500 six unit chargers (Model NNTN8844A), and 4,000 antennas (Model KT000026A01). Prior purchase orders document previous lease years. The department contact is Tracy Ohan.

Description

LEASE PURCHASE FOR MOTOROLA RADIOS, PORTABLE LEASE TERM: TEN (10) YEAR, 2020 - 2030 SEVENTH YEAR OF TEN YEAR TERM INTEREST RATE: 1.292% MONTHLY COST: $181,864.89 YEAR 7 PAYMENT: $2,182,378.60 TOTAL COST OF EQUIPMENT: $21,823,786.52 (Including interest) Lease-purchase of 4,000 APX Radios plus related attachments and accessories at a total cost of $20,462,457.00 (including applicable sales tax) as per JP Morgan Chase Bank N.A. proposal dated March 12, 2020. County to complete purchase of Equipment from Motorola Solutions (Equipment Vendor) pursuant to Equipment Schedule No. 1 (JPMorgan Lease Schedule No. 1000146628) to Municipal Lease with Option to Purchase Agreement dated as of March 12, 2020 between County and JPMorgan Chase Bank, N.A. (JPMorgan) (collectively, the Lease). The Lease is a 120-month lease-purchase financing of a total of $20,462,457.00 in costs (Principal Funding Amount), which consists of $18,758,908.00 in equipment costs and $1,703,549.00 in California sales taxes. The Lease has an interest rate of 1.2920%. JPMorgan (Lessor) funded Equipment Vendor pursuant to Lease, on July 15, 2020 upon completion of delivery and acceptance of all machines as ordered by County and delivery by County of acceptance certificate to Lessor. Lease term to initiate upon funding of JPMorgan for equipment. First lease payment due to JPMorgan on August 15, 2020, one month following start of lease on July 15, 2020. As reflected in the payment schedule of the Lease, monthly payments to Lessor will be due in arrears in the amount of $181,864.89 based on a financing of the Principal Funding Amount over the 120-month term of the Lease. Lease Commencement Date: July 15, 2020 DEPT. CONTACT: TRACY OHAN Email: TRACY.OHAN@FIRE.LACOUNTY.GOV Phone- 323-838-2270 ********************************************************************** DESCRIPTION AND TOTAL AMOUNT OF EQUIPMENT PURCHASED: 8,000 - Medium Capacity Battery Model PMNN4547A 500 - High Capacity Battery Model PMNN4573A 4,000 - Microphone Model PMMN4106D 500 - Single Unit Charger Model NNTN8860A 500 - Six Unit Charger Model NNTN8844A 4,000 - Antenna Model KT000026A01 Portable Radio, Radio Management Software (OTAS), LA-RICS Features MANUFACTURER: MOTOROLA MODEL NAME: APX8000H XE MODEL NUMBER: H91TGD9PW9 N QUANTITY: 4000 EACH EACH PORTABLE RADIO TO INCLUDE: 2 - High Capacity Battery 1 - Microphone 1 - Charger 110 - Six Unit Charger 1 - Antenna ************************************ PRIOR PURCHASE ORDERS: 1ST YEAR - PO-FR-20995101 2ND YEAR - PO-FR-21010548 3RD YEAR - PO-FR-22009294 4TH YEAR - PO-FR-23009222 5TH YEAR - PO-FR-24009106 6TH YEAR - PO-FR-25008787 UNIT CODE: 40427 OBJECT CODE: 5955 ACTIVITY CODE: FR99