HomeMy WebLinkAboutAnnual Appropriation Of All Amounts Required Pursuant To Lessee's Participation
Augusta Richmond GA
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RESOLUTION
A RESOLUTION OF THE Augusta-Richmond County (THE "LESSEE"),
AUTHORIZING, INTER ALIA, THE ANNUAL APPROPRIATION OF ALL AMOUNTS
REQUIRED PURSUANT TO LESSEE'S PARTICIPATION IN THE POOLED LEASE
PROGRAM SPONSORED BY GEORGIA MUNICIPAL ASSOCIATION.
DATED: -taeJlkel ~ 19ft
WHEREAS, Lessee is participating in the Georgia Municipal Association, Inc.
("GMA") sponsored pooled lease program (the "Program") for the acquisition of equipment
to be used by participating political subdivisions of the State of Georgia (the "Equipment");
and
WHEREAS, pursuant to the Program, Lessee entered into (i) a Lease Agreement
Dated as of December 1, 1990 by and between GMA and Lessee (the "Lease") pursuant to
which GMA leases the Equipment to the Lessee and (ii) an Administration and Servicing
Agreement initially dated as December I, 1990 (the "Servicing Agreement"), and
subsequently amended, among First Union National Bank of Georgia, Atlanta, Georgia, as
servicer (the "Servicer"), First Union National Bank of Georgia, as Trustee, GMA and each
lessee participating in the program (including Lessee), pursuant to which Servicer services
the collection and transmittal of payment for the Leases for GMA and transfers the moneys
collected pursuant to the Servicing Agreement; and
WHEREAS, certificates of participation ("Certificates") have been issued pursuant
to a Trust Agreement dated as of December 1, 1990, by and between First Union National
Bank of Georgia, as trustee ("Trustee"), and GMA evidencing undivided interests in the
Lease payments; and
WHEREAS, in connection with the issuance of the Certificates and the creation of
the Program, (i) Municipal Bond Investors Assurance Corporation (the "Credit Facility
Issuer") issued its financial guaranty insurance policy (the "Policy") and entered into the
Reimbursement and Indemnity Agreement by and between the Credit Facility Issuer, The
Trustee, the Servicer and GMA (the "Credit Facility Reimbursement Agreement"); (ii)
Wachovia Bank ("Bank"), has agreed to purchase Certificates tendered pursuant to tender
rights under the Trust Agreement in accordance with the terms of a Standby Purchase
Agreement dated as of December I, 1990, and subsequently amended, by and among the
Trust, GMA, the Bank, the Servicer and the Tender Agent (the "Standby Purchase
Agreement"); (iii) Chemical Bank serves as tender agent (the "Tender Agent") pursuant to a
tender agent agreement dated as of December 1, 1990, and subsequently amended, by and
among the GMA, the Trust, the Servicer, and the Tender Agent (the "Tender Agent
Agreement"); (iv) BT Securities Corporation and at such time as specified in the Trust
Agreement, Chemical Securities Inc., will serve as remarketing agents (referred to
collectively hereafter as the "Remarketing Agent"), pursuant to a remarketing agreement
dated as of December 1, 1990 by and among the Remarketing Agent, the GMA, the Tender
Agent, the Trustee and the Servicer (the "Remarketing Agreement"); and
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WHEREAS, pursuant to the Lease Agreement, Lessee is required to appropriate
annually the Minimum Annual Appropriated Amount set forth on Schedule A hereof; and
WHEREAS, in order to give effect to, and comply with, the foregoing agreements
and instruments, and in order to authorize payment of its obligations incurred thereunder
(collectively, the "Program Obligations"), either (i) the Lessee has available to satisfy
Program Obligations uncommitted and unappropriated funds in this current operating budget
in an amount not less than the Minimum Annual Appropriated Amount as set forth in
Schedule A or (ii) the Lessee must amend its current operating budget in accordance with
Title 36, Chapter 36-81-5 of the Official Code of Georgia Annotated (the "Code") to
authorize the payment of the Program Obligations; and
WHEREAS, if required, in order to amend its current operating budget, the Mayor
and Council of Lessee have heretofore taken the following actions, all in accordance with
Title 36, Chapter 81 of the Code: (i) through the Lessee's budget officer, prepared a
proposed amended budget providing for payment of Lessee's Program Obligations in
accordance with the requirements of Code Section 36-8I-5(b) (the "Amended Budget", a
copy of which is attached hereto as Schedule B) which was previously submitted to the
Mayor and Council of the Lessee, (ii) at the time of receipt of the Amended Budget from the
Lessee's budget officer, placed a copy of the Amended Budget in a public place in the
Lessee, which place is convenient to the resident's of the Lessee, (iii) published a notice in
the official organ of the Lessee advising residents of the Lessee that the Amended Budget is
available for inspection; (iv) conducted a public hearing on the Amended Budget at least one
week prior to the date hereof; and (v) taken all other action necessary to effect the foregoing;
NOW, THEREFORE, BE IT RESOLVED, as follows:
Section 1. Confirmation and Reaffirmance of Program Obligations. The Lessee does
hereby confirm, ratify and reaffirm all the Program Obligations, including, expressly, the
Lease and the Servicing Agreement.
Section II. Appropriation: Amendment of Budget. In order to give effect to, comply
with, and assume the liabilities associated with, the foregoing approvals, and authorize the
expenditure of the amounts required to be expended pursuant to the Lease Agreement and
the Servicing Agreement the Lessee does hereby adopt, ratify and approve the Amended
Budget attached hereto as Schedule B or commit those portions of the current budget set
forth on Schedule B to the payment of the Program Obligations and does hereby appropriate
and commit moneys in an amount not less than the Minimum Annual Appropriated Amount
to payment of Program Obligations for the current calendar year.
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Section III. No Personal Liability. No stipulation, obligation or agreement herein
contained or contained in the Lease, the Trust Agreement, the Servicing Agreement, the
Standby Purchase Agreement, the Tender Agent Agreement, the Remarketing Agreement, or
the Credit Facility Reimbursement Agreement shall be deemed to be a stipulation, obligation
or agreement of any councilman, chairman, officer, agent or employee of the Lessee in his or
her individual capacity, and no such councilmember, chairman, officer, agent or employee of
the Lessee shall be personally liable on the Certificates or be subject to personal liability or
accountability by reason of the issuance thereof.
Section IV. General Authority. From and after the execution and delivery of the
documents hereinabove authorized, the Mavor and the Clerk are hereby authorized,
empowered and directed to do all such acts and things and to execute all such documents as
may be necessary to carry out and comply with the provisions of said documents as executed
and are further authorized to take any and all further actions and execute and deliver any and
all other documents and certificates as may be necessary or desirable to document
compliance with the Code.
Section V. Actions Approved and Confirmed. All acts and doings of the officers of
the Lessee which are in conformity with the purpose and intents of this Resolution shall be,
and the same hereby are, in all respects approved and confirmed.
Section VI. Severability ofInvalid Provisions. If anyone or more ofthe agreements
or provisions herein shall be held contrary to any express provision of law or contrary to the
policy of express law, though not expressly prohibited, or against public policy, or shall for
any reason whatsoever be held invalid, then such covenants, agreements or provisions shall
be null and void and shall be deemed separable from the remaining agreements and
provisions and shall in no way affect the validity of any of the other agreements and
provisions hereof or of the Certificates authorized hereunder.
Section VII. Repealing Clause. All Resolutions or parts thereof the Augusta-
Richmond County in conflict with the provisions herein contained are, to the extent of such
conflict, hereby superseded and repealed.
Section VIII. Effective Date. This Resolution shall take effect immediately upon its
adoption.
ADOPTED this ~day of ~&I~ II??!
[CORPORATE SEAL]
Augusta-Richmond County
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SCHEDULE A
1. Augusta-Richmond County's pro-rata share of the principal amount of the Georgia
Municipal Association Pool is $4,832,143.00.
2. Augusta-Richmond County's Minimum Annual Appropriated Amount for the year
ending December 31, 1998 is $1,493,342.40, to wit:
Interest and Administrative Expense @ 16.75%
$809.383.95
Basic Lease Payments due November 30, 1998
$683,958.45
Total
$1.493.342.40
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SCHEDULE B
BUDGET
[To Be Supplied by Lessee]
Attach either portions of existing budget indicating sufficient amounts or Amended Budget.
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THE AUGUSTA-RICHMOND COUNTY
GMA Lease Pool Series Report
Monthly Out-of- Out-of.Pocket
Lease Outstanding Pocket Payment Rate
Oct-91 $649,727.71 $0.00 0.000%
Nov-91 $649,727.71 $3,194.62 5.900%
Dec-91 $649,727.71 $3,018.19 5.574%
Effective Rate 3.825%
Jan-92 $646,727.15 $2,459.10 4.542%
Feb-92 $646,727.71 $1,710.47 3.174%
Mar-92 $646,727.71 $1,280.20 2.375%
Apr-92 $646,727.71 $1,519.64 2.820%
May-92 $646,727.71 $1,716.66 3.185%
Jun-92 $646,727.71 $2,346.46 4.354%
Jul-92 $646,727.71 $1,795.14 3.331%
Aug-92 $646,727.71 $1,712.98 3.178%
Sep-92 $907,781.47 $1,602.54 2.974%
Oct-92 $907,781.47 $2,773.62 3.666%
Nov-92 $1,344,787.58 $2,634.72 3.483%
Dec-92 $1,745,615.01 $4,017.02 3.585%
Annual Effective Rate 3.389%
Jan-93 $1,745,615.24 $6,613.73 4.547%
Feb-93 $1,745,615.24 $3,165.85 2.176%
Mar-93 $1,745,615.24 $4,217.94 2.900%
Apr-93 $1,745,615.24 $6,760.21 4.647%
May-93 $1,745,615.24 $2,672.98 1.838%
Jun-93 $1,745,615.24 $1,846.46 1,269%
Jul-93 $1,745,615.24 $576.52 0,396%
Aug-93 $1,745,615.24 $524.54 0.361%
Sep-93 $1,745,615.24 $1,183.43 0.814%
Oct-93 $1,745,615.24 $1,374.97 0.945%
Nov-93 $3,221,444.58 $1,047.10 0.720%
Dec-93 $3,221,444.58 $7,032.61 2.620%
Annual Effective Rate 1.936%
Jan-94 $3,221,444.58 $6,903.92 2.572%
Feb-94 $3,221,444.58 $3,159.37 1.177%
Mar-94 $3,221,444.58 $3,912.34 1.457%
Apr-94 $3,221,444.58 $8,859.80 3.300%
May-94 $3,221,444.58 $9,343.01 3.480%
Jun-94 $3,221,444.58 $9,656.22 3.597%
Jul-94 $3,221,444.58 $8,766.25 3.265%
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THE AUGUSTA-RICHMOND COUNTY
GMA Lease Pool Series Report
Monthly Out-of- Out-of-Pocket
Lease Outstanding Pocket Payment Rate
Aug-94 $3,221,444.58 $8,616.58 3.210%
Sep-94 $3,303,609.59 $10,153.12 3.782%
Oct-94 $3,303,609.59 $11,952.03 4.341%
Nov-94 $3,303,609.59 $10,446.20 3.794%
Dec-94 $2,960,400.09 $10,086.17 3.664%
Annual Effective Rate 3.137%
Jan-95 $2,960,400.09 $12,677.29 5.139%
Feb-95 $3,282,026.82 $9,376.22 3.801%
Mar-95 $3,282,026.82 $12,032.85 4.400%
Apr-95 $3,282,026.82 $9,052.51 3.310%
May-95 $3,282,026.82 $8,619.91 3.152%
Jun-95 $3,282,026.82 $10,852.67 3.968%
Jul-95 $3,953,744.24 $12,457.36 4.555%
Aug-95 $3,282,026.82 $11,801.07 3,582%
Sep-95 $4,063,790.30 $15,857.69 5.798%
Oct-95 $4,109,818.54 $16,623.48 4.909%
Nov-95 $3,096,487.14 $16,362.45 4.778%
Dec-95 $3,096,487.14 $13,035.59 5.052%
Annual Effective Rate 4.370%
Jan-96 $3,096,487.14 $13,246.13 5,133%
Feb-96 $3,096,487.14 $10,783.78 4.179%
Mar-96 $3,096,487.14 $10,173.94 3.943%
Apr-96 $3,071,717.78 $10,730.68 4.159%
May-96 $3,546,104.92 $11,430.96 4.466%
Jun-96 $3,546,104.92 $12,137.48 4.107%
Jul-96 $3,546,104.92 $5,931.08 2.007%
Aug-96 $3,546,104.92 $11,147.37 3.772%
Sep-96 $3,071,717.84 $13,140.73 4.447%
Oct-96 $3,071,717.84 $10,641.51 4.157%
Nov-96 $3,071,717.84 $11,248.53 4.394%
Dec-96 $3,071,717.84 $10,705.95 4.182%
Annual Effective Rate 4.079%
Jan-97 $1,900,534.93 $6,737.15 2.632%
Feb-97 $1,615,716.35 $5,087.30 3,212%
Mar-97 $1,615,716.35 $5,011.52 3.722%
Apr-97 $1,615,716.35 $4,813.02 3.575%
May-97 $1,615,716.35 $2,846.37 2.114%
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Jun-97
JuI-97
Aug-97
Sep-97
Oct-97
Nov-97
Dec-97
THE AUGUSTA-RICHMOND COUNTY
GMA Lease Pool Series Report
Lease Outstanding
$1,615,716.35
$1,615,716.35
$1,615,716.35
$1,615,716.35
$2,409,027.68
$2,409,027.68
$1,624,232.75
Annual Effective Rate
Overall Effective Rate
Monthly Out-of-
Pocket Payment
$6,230.14
$4,793.14
$5,460.13
$5,057.54
$5,669.74
$9,352.51
$8,260.11
Out-of-Pocket
Rate
4.627%
3,560%
4.055%
3.756%
4.211%
4.659%
4.115%
3.686%
3.449%
..",!" 1990 LEASE POOL
-"' Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
19- Dec-90 26-Dec-90 7.1500% 7.9300% 6.2800%
26-Dec-90 2-Jan-91 7.2500% 8.7900% 7.1400%
3-Jan-91 9-Jan-91 5.5000% 7.6200% 5.9700%
10-Jan-91 16-Jan-91 4.7500% 6.7400% 4.8600%
17-Jan-91 23-Jan-91 4.5500% 6.6200% 4.7400%
24-Jan-91 30-Jan-91 4.6000% 6.7000% 4.8200%
31-Jan-91 6-Feb-91 4.7000% 6.6100% 4.7300%
7-Feb-91 13-Feb-91 4.0500% 6.3700% 4.4900%
14-Feb-91 20-Feb-91 3.8000% 6.1700% 4.2900%
21-Feb-91 27-Feb-91 3.7500% 5.8500% 3.9700%
28-Feb-91 6-Mar-91 4.0000% 6.0200% 4.1400%
7-Mar-91 13-Mar-91 4.1000% 6.2700% 4.3900%
14-Mar-91 20-Mar-91 4.8500% 6.5600% 4.6800%
21-Mar-91 27-Mar-91 5.1 000% 7.0100% 5.1300%
28-Mar-91 3-Apr-91 5.1000% 7.0100% 5.1300%
4-Apr-91 10-Apr-91 4.5000% 6.6300% 4.7500%
Il-Apr-91 17-Apr-91 4.5000% 6.3600% 4.4800%
18-Apr-91 24-Apr-91 4.6000% 6.4300% 4.5500%
25-Apr-91 I-May-91 4.9000% 6.5100% 4.6300%
2-May-91 8-May-91 4.7000% 6,6000% 4.7200%
8-May-91 14-May-91 4.5000% 6.3700% 4.4900%
15-May-91 23-May-91 4.4500% 6.3300% 4.4500%
24-May-91 29-May-91 4.1500% 6.2900% 4.4100%
30-May-91 5-Joo-91 4.1000% 6.0900% 4.2100%
6-Jun-91 I1-Jun-91 3.7500% 6.0200% 4.1400%
12-Jun-91 18-Joo-91 3.7500% 5.5700% 3.6900%
19-Jun-91 25-Jun-91 4.0000% 5.6200% 3.7400%
26-Jun-91 2-Jul-91 4.2500% 5.9500% 4.0700%
3-Jul-91 9-Jul-91 3.9000% 5.6300% 3.7500%
10-Jul-91 16-Jul-91 3.5000% 5.5000% 3.6200%
17-Jul-91 23-Jul-91 4.2500% 5.5800% 3.7000%
24-Jul-91 30-Jul-91 4.5000% 6.5700% 4.6900%
31-Jul-91 6-Aug-91 4.7500% 6.8100% 4.9300%
7-Aug-91 14-Aug-91 4.5000% 6.4500% 4.5700%
15-Aug-91 21-Aug-91 4.5000% 6.3600% 4.4800%
22-Aug-91 28-Aug-91 4.5000% 6.5000% 4.6200%
29-Aug-91 4-Sep-91 4.7500% 6.4900% 4.6100%
5-Sep-91 11-Sep-91 4.6000% 6.4300% 4.5500%
12-Sep-91 18-Sep-91 4.7500% 6.5900% 4.7100%
19-5ep-91 25-Sep-91 5.1000% 6.7200% 4.8400%
26-Sep-91 2-0ct-91 5.2500% 7.0400% 5.1600%
3-0ct-91 9-0ct-91 4.8000% 6.5900% 4.7100%
10-0ct-91 16-0ct-91 4.0000% 5.9300% 4.0500%
17-0ct-91 23-0ct-91 3.9000% 5.8200% 3.9400%
24-0ct-91 30-0ct-91 4.1500% 5.9700% 4.0900%
31-0ct-91 6-Nov-91 4.1500% 6.3400% 4.4600%
Page 1 of 8
'0'; 1990 LEASE POOL
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
7-Nov-91 13-Nov-91 3.9000% 5.9400% 4.0600%
14-Nov-91 20-Nov-91 3.9000% 5.8800% 4.0000%
21-Nov-91 27-Nov-91 3.9000% 5.8400% 3.9600%
28-Nov-91 4-Dec-91 4.1500% 6.0000% 4.1200%
5-Dec-91 I1-Dec-91 4.2000% 6.0400% 4.1600%
12-Dec-91 18-Dec-91 4.2000% 6.0400% 4.1600%
19-Dec-91 25-Dec-91 4.6500% 6.4300% 4.5500%
26-Dec-91 31-Dec-91 5.0000% 7.0700% 5.1900%
I-Jan-92 8-Jan-92 4.2500% 5.7700% 3.8700%
9-Jan-92 15-Jan-92 2.9500% 4.6700% 2.7700%
16-Jan-92 22-Jan-92 2.5000% 4.4200% 2.5200%
23-Jan-92 29-Jan-92 2.5000% 4.3900% 2.4900%
30-Jan-92 5-Feb-92 2.8500% 4.8800% 2.9800%
6-Feb-92 12-Feb-92 2.6500% 4.5400% 2.6400%
13-Feb-92 19-Feb-92 2.4500% 4.4500% 2.5500%
20-Feb-92 26-Feb-92 2.6000% 4.6000% 2.7000%
27-Feb-92 4-Mar-92 2.5000% 4.4200% 2.5200%
5-Mar-92 II-Mar-92 2.5000% 4.2000% 2.3000%
12-Mar-92 18-Mar-92 2.6000% 4.6800% 2.7800%
19-Mar-92 25-Mar-92 2.9000% 4.8800% 2.9800%
26-Mar-92 l-Apr-92 3.7500% 5.5900% 3.6900%
2-Apr-92 8-Apr-92 3.1500% 5.2900% 3.3900%
9-Apr-92 15-Apr-92 3.1500% 5.2800% 3.3800%
16-Apr-92 22-Apr-92 3.1500% 5.3500% 3.4500%
23-Apr-92 29-Apr-92 3.3500% 5.6400% 3.7400%
30-Apr-92 6-May-92 3.8000% 5.7900% 3.8900%
7-May-92 13-May-92 3.6000% 5.5100% 3.6100%
14-May-92 20-May-92 3.6000% 5.3700% 3.4700%
21-May-92 27-May-92 3.4000% 5.4100% 3.5100%
28-May-92 3-Jun-92 3.1500% 5.2200% 3.3200%
4-Jun-92 10-Jun-92 2.9000% 4.9900% 3.0900%
II-Jun-92 17-Jun-92 2.6000% 4.5500% 2.6500%
18-Jun-92 24-Jun-92 2.2500% 4.4500% 2.5500%
25-Jun-92 I-Jul-92 2.4500% 4.4700% 2.5700%
2-Jul-92 8-Jul-92 2.4500% 4.1100% 2.2100%
9-Jul-92 15-Jul-92 2.1500% 3.7200% 1.8200%
16-Jul-92 22-Jul-92 2.0500% 3.9900% 2.0900%
23-Jul-92 30-Jul-92 2.2500% 4.2200% 2.3200%
31-Jul-92 5-Aug-92 2.2500% 4.1800% 2.2800%
6-Aug-92 12-Aug-92 2.2500% 4.2000% 2.3000%
13-Aug~92 19-Aug-92 2.2500% 4.2700% 2.3700%
20-Aug-92 26-Aug-92 2.2500% 4.2700% 2.3700%
26-Aug-92 2-Sep-92 2.7000% 4.4700% 2.5700%
3-Sep-92 9-Sep-92 2.7000% 4.6500% 2.7500%
10-Sep-92 16-Sep-92 2.7500% 4.7500% 2.8500%
17-Sep-92 23-Sep-92 2.9500% 4.8800% 2.9800%
24-Sep-92 30-Sep-92 3.5000% 5.2300% 3.3300%
Page 2 of 8
'-', 1990 LEASE POOL
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
1-0ct-92 7-Oct-92 3.3500% 5.3000% 3.4000%
8-0ct-92 14-0ct-92 2.4500% 4.3800% 2.4800%
15-0ct-92 21-0ct-92 2.3000% 4,2500% 2.3500%
22-0ct-92 28-0ct-92 2.2000% 4.2500% 2.3500%
29-0ct-92 4-Nov-92 2.7500% 4.6300% 2.7300%
5-Nov-92 ll-Nov-92 2.4500% 4.4700% 2.5700%
12-Nov-92 18-Nov-92 2.4000% 4.4300% 2.5300%
19-Nov-92 25-Nov-92 2.3750% 4.4600% 2.5600%
26-Nov-92 2-Dec-92 2.5000% 4.3800% 2.4800%
3-Dec-92 9-Dec-92 2.3000% 4.3100% 2.4100%
10-Dec-92 16-Dec-92 2.3500% 4.2300% 2.3300%
17-Dec-92 23-Dec-92 2.7500% 4.7100% 2.8100%
24-Dec-92 29-Dec-92 3.8750% 5.5000% 3.6000%
29-Dec-92 6-Jan-93 4.0000% 6.0100% 4.1100%
7-Jan-93 13-Jan-93 1.6250% 3.6800% 1. 7800%
14-Jan-93 20-Jan-93 1.6250% 3.5600% 1.6600%
21-Jan-93 27-Jan-93 2.0000% 3.9500% 2.0500%
28-Jan-93 3-Feb-93 2.5000% 4.3900% 2.4900%
4-Feb-93 10-Feb-93 2.1250% 4.2300% 2.3300%
ll-Feb-93 17-Feb-93 2.1250% 4.0900% 2.1900%
18-Feb-93 24-Feb-93 2.2000% 4.1000% 2.2000%
25-Feb-93 3-Mar-93 1.8500% 3.9100% 2.0100%
4-Mar-93 1O-Mar-93 1. 7500% 3.7700% 1.8700%
II-Mar-93 17-Mar-93 1.9500% 4.0300% 2.1300%
18-Mar-93 24-Mar-93 2.2500% 4.1800% 2.2800%
25-Mar-93 31-Mar-93 2.5500% 4.4300% 2.5300%
l-Apr-93 7-Apr-93 2.4500% 4.3100% 2.4100%
8-Apr-93 14-Apr-93 2.3500% 4.1500% 2.2500%
15-Apr-93 21-Apr-93 2.6000% 4.4600% 2.5600%
22-Apr-93 28-Apr-93 2.6000% 4.4800% 2.5800%
29-Apr-93 5-May-93 2.4500% 4.3900% 2.4900%
6-May-93 12-May-93 2.4500% 4.3300% 2.4300%
13-May-93 19-May-93 2.6000% 4.4200% 2.5200%
20-May-93 26-May-93 2.9000% 4.6500% 2.7500%
27-May-93 2-Jun-93 2.9000% 4.8800% 2.9800%
3-Jun-93 9-Jun-93 2.5500% 4.5000% 2.6000%
10-Jun-93 16-Jun-93 2.1500% 4.1600% 2.2600%
17-Jun-93 23-Jun-93 1.7500% 3.8100% 1.9100%
24-Jun-93 30-Jun-93 2.0000% 4.0400% 2.1400%
I-Jul-93 7-Jul-93 2.0000% 4.0900% 2.1900%
8-Jul-93 14-Jul-93 1.6000% 3.5200% 1.6200%
15-Jul-93 21-Jul-93 2.1000% 3.9100% 2.0100%
22-Jul-93 28-Jul-93 2.5000% 4.2800% 2.3800%
29-Jul-93 4-Aug-93 2.7500% 4.6500% 2.7500%
5-Aug-93 l1-Aug-93 2.6000% 4.5600% 2.6600%
12-Aug-93 18-Aug-93 2.4000% 4.4000% 2.5000%
19-Aug-93 25-Aug-93 2.4500% 4.4300% 2.5300%
Page 3 of 8
, 1990 LEASE POOL
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate. Contract Rate Contract Rate Index)
26-Aug-93 I-Sep-93 2.5000% 4.4400% 2.5400%
2-Sep-93 8-Sep-93 2.3750% 4.3100% 2.4100%
9-Sep-93 15-Sep-93 2.2000% 4.1600% 2.2600%
16-Sep-93 22-Sep-93 2.4000% 4.2200% 2.3200%
23-Sep-93 29-Sep-93 2.9000% 4.6400% 2.7400%
30-Sep-93 6-0ct-93 2.9000% 5.0000% 3.1000%
7-0ct-93 13-0ct-93 2.5000% 4.4500% 2.5500%
14-0ct-93 20-0ct-93 2.5000% 4.3700% 2.4700%
21-0ct-93 27-0ct-93 2.3750% 4.2900% 2.3900%
28-0ct-93 3-Nov-93 2.5000% 4.4500% 2.5500%
4-Nov-93 10-Nov-93 2.3500% 4.3100% 2.4100%
11-Nov-93 17-Nov-93 2.3500% 4.3200% 2.4200%
18-Nov-93 24-Nov-93 2.3000% 4.3500% 2.4500%
25-Nov-93 I-Dec-93 2.3000% 4.3000% 2.4000%
2-Dec-93 8-Dec-93 2.1000% 4.1200% 2.2200%
9-Dec-93 15-Dec-93 1.7500% 3.6600% 1.7600%
16-Dec-93 22-Dec-93 2.2500% 4.2900% 2.9900%
23-Dec-93 29-Dec-93 2.8500% 4.5500% 3.2500%
30-Dec-93 5-Jan-94 2.9500% 4.5500% 3,2500%
6-Jan-94 I1-Jan-94 1.5000% 3.0900% 1. 7900%
12-Jan-94 19-Jan-94 1.8750% 3.1900% 1.8900%
20-Jan-94 26-Jan-94 2.0500% 3.3500% 2.0500%
27-Jan-94 2-Feb-94 2.2000% 3.5200% 2.2200%
3-Feb-94 9-Feb-94 2.1000% 3.4000% 2.1000%
10-Feb-94 16-Feb-94 2.3000% 3.6500% 2.3500%
17-Feb-94 23-Feb-94 2.5000% 3.7500% 2.4500%
24-Feb-94 2-Mar-94 2.4000% 3.7600% 2.4600%
3-Mar-94 9-Mar-94 2.3500% 3.6100% 2.3100%
10-Mar-94 16-Mar-94 2.2000% 3.5900% 2.2900%
17-Mar-94 23-Mar-94 2.0000% 3.5300% 2.2300%
24-Mar-94 30-Mar-94 1.9000% 3.3000% 2.0000%
3 I -Mar-94 6-Apr-94 2.2000% 3.5900% 2.2900%
7-Apr-94 13-Apr-94 2.0000% 3.5500% 2.2500%
14-Apr-94 20-Apr-94 1.8750% 3.3000% 2.0000%
21-Apr-94 27-Apr-94 3.1250% 4.0400% 2.7400%
28-Apr-94 4-May-94 3.1500% 4.7100% 3.4100%
5-May-94 I1-May-94 2.6500% 4.2000% 2.9000%
12-May-94 18-May-94 2.9500% 4.3800% 3.0800%
19-May-94 25-May-94 2.7500% 4.3900% 3.0900%
26-May-94 I-Jun-94 2.7000% 4.2700% 2.9700%
2-Jun-94 8-Jun-94 2.4500% 3.8000% 2.5000%
9-Jun-94 15-Jun-94 2.2000% 3.5700% 2.2700%
16-Jun-94 22-Jun-94 2.3500% 3.7100% 2.4100%
23-Jun-94 29-Jun-94 2.6000% 3.9100% 2.6100%
30-Jun-94 6-Jul-94 2.2500% 3.7900% 2.4900%
7-Jul-94 13-Jul-94 1.8000% 3.2700% 1.9700%
14-Jul-94 20-Jul-94 2.1250% 3.3800% 2.0800%
Page 4 of 8
...: ., 1990 LEASE POOL
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
21-Jul-94 27-Jul-94 2.7500% 4.2000% 2.9000%
28-Jul-94 3-Aug-94 2.9000% 4.2500% 2.9500%
4-Aug-94 10-Aug-94 2.7500% 4.0800% 2.7800%
11-Aug-94 17-Aug-94 2.6500% 4.1000% 2.8000%
18-Aug-94 24-Aug-94 2.8000% 4.8000% 3.5000%
25-Aug-94 3 I -Aug-94 3.1500% 4.3800% 3.0800%
1 -Sep-94 7-Sep-94 3.1000% 4.4600% 3.1600%
.8-Sep-94 14-Sep-94 3.0000% 4.4000% 3.1000%
15-Sep-94 21-Sep-94 3.1250% 4.4200% 3.1200%
22-Sep-94 28-Sep-94 3.7000% 4.6530% 3.3530%
29-Sep-94 5-0ct-94 3.5500% 5.0400% 3.7400%
6-0ct-94 12-0ct-94 3.0000% 4.5000% 3.2000%
13-0ct-94 19-0ct-94 2.}000% 4.1000% 2.8000%
20-0ct-94 26-0ct-94 3.0000% 4.3900% 3.0900%
27-0ct-94 2-Nov-94 3.4000% 4.6800% 3.3800%
3-Nov-94 9-Nov-94 3.2000% 4.5400% 3.2400%
10-Nov-94 16-Nov-94 3.3500% 4.6700% 3.3700%
17-Nov-94 22-Nov-94 3.6500% 4.9200% 3.6200%
23-Nov-94 30-Nov-94 3.6500% 5.0300% 3.7300%
I-Dec-94 7-Dec-94 3.5500% 4.9400% 3.6400%
8-Dec-94 14-Dec-94 2.9500% 4.3000% 3.0000%
15-Dec-94 20-Dec-94 4.2500% 5.3000% 4.0000%
21-Dec-94 28-Dec-94 4.2500% 6.4000% 5.1000%
29-Dec-94 4-Jan-95 5.4000% 6.6900% 5.3900%
5-Jan-95 10-Jan-95 3.2500% 4.8100% 3.5100%
II-Jan-95 17-Jan-95 2.6000% 4.2600% 2.9600%
I 8-Jan-95 . 24-Jan-95 2.6000% 4.2600% 2.9600%
25-Jan-95 31-Jan-95 3.6500% 4.7000% 3.4000%
I-Feb-95 7-Feb-95 3.3500% 4.7700% 3.4700%
8-Feb-95 14-Feb-95 3.8500% 5.0900% 3.7900%
15-Feb-95 2 I -Feb-95 4.1000% 5.4300% 4.1300%
22-Feb-95 28-Feb-95 4.0000% 5.4600% 4.1600%
1-Mar-95 7-Mar-95 3.7500% 5.1900% 3.8900%
8-Jan-95 14-Mar-95 3.5500% 4.9500% 3.6500%
15-Mar-95 21-Mar-95 3.8000% 5.1500% 3.8500%
22-Mar-95 28-Mar-95 4.0500% 5.2400% 3.9400%
29-Mar-95 4-Apr-95 4.1250% 5.4700% 4. 1700%
5-Apr-95 I1-May-95 3.6250% 5.1100% 3.8100%
12-Apr-95 18-Apr-95 4.1500% 5.4400% 4.1400%
19-Apr-95 25-Apr-95 4.4500% 5.5900% 4.2900%
26-Apr-95 2-May-95 4.8000% 5.8400% 4.5400%
3-May-95 9-May-95 4.7000% 5.8100% 4.5 100%
10-May-95 16-May-95 4.8000% 6.0000% 4.7000%
17-May-95 22-May-95 4.2000% 5.8100% 4.5100%
24-May-95 30-May-95 3,9000% 5.4400% 4.1400%
31-May-95 6-Jun-95 3.5000% 5.0600% 5.2600% 3.7600%
7-Jun-95 13-Jun-95 2.6500% 4.1500% 4.3500% 2.8500%
Page 5 of 8
. '~: 1990 LEASE POOL
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
14-Jun-95 20-Jun-95 3.8500% 5.3300% 5.5300% 4.0300%
21-Jun-95 27-Jun-95 4.2500% 5.5000% 5.7500% 4.2000%
28-Joo-95 4-Jul-95 4.0000% 5.3600% 5.5600% 4.0600%
5-Jul-95 II-Jul-95 3.1000% 4.5800% 4.7800% 3.2800%
12-Jul-95 18-Jul-95 2.9000% 4.2100% 4.4100% 2.9100%
19-Jul-95 25-Jul-95 3.7500% 5.0600% 5.2600% 3.7600%
26-Jul-95 l-Aug-09 3.7500% 5.1100% 5.3100% 3.8100%
2-Aug-95 8-Aug-95 3.5000% 4.9200% 5.1200% 3.6200%
9-Aug-95 15-Aug-95 3.8000% 5.1400% 5.3400% 3.8400%
16-Aug-95 22-Aug-95 3.7500% 5.1500% 5.3500% 3.8500%
23-Aug-95 29-Aug-95 3.7000% 5.0400% 5.2400% 3.7400%
30-Aug-95 5-Sep-95 3.6000% 4.9100% 5.1100% 3.6100%
6-Sep-95 12-Sep-95 3.2500% 4.7200% 4.9200% 3.4200%
13-Sep-95 19-5ep-95 3.8250% 5.1500% 5.3500% 3.8500%
20-Sep-95 26-Sep-95 4.0000% 5.3000% 5.5000% 4.0000%
27-Sep-95 3-0ct-95 4.4000% 5.6500% 5.8500% 4.3500%
4-0ct-95 10-0ct-95 3.4500% 4.9000% 5.1000% 3.6000%
11-0ct-95 17-0ct-95 3.6250% 4.9500% 5.1500% 3.6500%
18-0ct-95 24-0ct-95 3.7500% 5.1100% 5.3100% 3.8100%
25-0ct-95 31-0ct-95 3.9500% 5.2500% 5.4500% 3.9500%
I-Nov-95 7-Nov-95 3.6500% 5.0500% 5.2500% 3.7500%
8-Nov-95 14-Nov-95 3.8000% 5.1500% 5.3500% 3.8500%
15-Nov-95 21-Nov-95 3.9500% 5.2500% 5.4500% 3.9500%
22-Nov-95 28-Nov-95 3.7500% 5.1000% 5.3000% 3.8000%
29-Nov-95 5-Dec-95 3.6500% 5.0000% 5.2000% 3.7000%
6-Dec-95 12-Dec-95 3.2000% 4.7000% 4.9000% 3.4000%
13-Dec-95 19-Dec-95 4.1500% 5.3900% 5.5900% 4.0900%
20-Dec-95 26-Dec-95 4.7500% 6.2200% 6.4200% 4.9200%
27-Dec-95 2-Jan-96 4.8000% 6.4900% 6.6900% 5.1900%
3-Jan-96 9-Jan-96 3.2590% 4.8400% 5.0400% 3.5400%
10-Jan-96 16-Jan-96 3.2000% 4.5700% 4.7700% 3.2700%
17-Jan-96 23-Jan-96 3.1000% 4.5600% 4.7600% 3.2600%
24-Jan-96 30-Jan-96 3.1000% 4.4600% 4.6600% 3.1600%
31-Jan-96 6-Feb-96 3.0000% 4.5100% 4.7100% 3.2100%
7-Feb-96 13-Feb-96 3.0000% 4.4500% 4.6500% 3.1500%
14-Feb-96 20-Feb-96 3.2500% 4.6400% 4.8400% 3.3400%
21-Feb-96 27-Feb-96 3.2500% 4.6600% 4.8600% 3.3600%
28-Feb-96 5-Mar-96 3.2000% 4.6000% 4.8000% 3.3000%
6-Mar-96 12-Mar-96 3.0000% 4.3800% 4.5800% 3.0800%
13-Mar-96 19-Mar-96 3.1000% 4.4400% 4.6400% 3.1400%
20-Mar-96 26-Mar-96 3.3000% 4.6100% 4.8100% 3.3100%
27-Mar-96 2-Apr-96 3.2000% 4.6800% 4.8800% 3.3800%
3-Apr-96 9-Apr-96 3.7000% 4.4300% 4.6300% 3.1300%
10-Apr-96 16-Apr-96 3.4500% 4.7500% 4.9500% 3.4500%
17-Apr-96 23-Apr-96 3.7000% 4.9000% 5.1000% 3.6000%
24-Apr-96 30-Apr-96 4.1000% 5.2800% 5.4800% 3.9800%
I-May-96 7-May-96 3.9500% 5.2000% 5.4000% 3.9000%
Page 6 of 8
. .- 1990 LEASE POOL
' . ,-
Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate. Contract Rate Contract Rate Index)
8-May-96 14-May-96 3.9500% 5.2000% 5.4000% 3.9000%
15-May-96 21-May-96 3.9500% 5.2900% 5.4900% 3.9900%
22-May-96 28-May-96 3.7000% 5.0500% 5.2500% 3.7500%
29-May-96 4-Joo-96 3.5500% 4.8600% 5.0600% 3.5600%
5-Joo-96 II-Joo-96 3.0000% 4.5200% 4.7200% 3.2200%
12-Joo-96 18-Joo-96 3.1500% 4.5900% 4.7900% 3.2900%
19-Joo-96 25-Joo-96 3.4500% 4.7800% 4.9800% 3.4800%
26-Joo-96 2-Jul-96 3.3000% 4.6500% 4.8500% 3.3500%
3-Jul-96 9-Jul-96 2.4000% 3.8700% 4.0700% 2.5700%
10-Jul-96 16-Jul-96 2.3500% 3.7700% 3.9700% 2.4700%
17-Jul-96 23-Jul-96 3.4000% 4.7400% 4.9400% 3.4400%
27-Jul-96 30-Jul-96 3.6500% 4.8400% 5.0400% 3.5400%
31-Jul-96 6-Aug-96 3.6000% 4.9000% 5.1000% 3.6000%
7-Aug-96 13-Aug-96 3.4500% 4.7400% 4.9400% 3.4400%
14-Aug-96 20-Aug-96 3.7000% 4.9500% 5.1500% 3.6500%
21-Aug-96 27-Aug-96 3.5000% 4.8100% 5.0100% 3.5100%
24-Aug-96 3-Sep-96 3.4000% 4.8200% 5.0200% 3.5200%
4-Sep-96 10-Sep-96 3.3000% 4.5800% 4.7800% 3.2800%
II-Sep-96 17-Sep-96 3.4500% 4.8100% 5.0100% 3.5100%
18-Sep-96 24-Sep-96 3.6000% 4.9000% 5.1000% 3.6000%
25-Sep-96 1-0ct-96 3.8000% 5.1600% 5.3600% 3.8600%
2-0ct-96 8-0ct-96 3.2000% 4.6800% 4.8800% 3.3 800%
9-0ct-96 15-0ct-96 3.4000% 4.6900% 4.8900% 3.3900%
16-0ct-96 22-0ct-96 3.5000% 4.8900% 5.0900% 3.5900%
23-0ct-96 29-0ct-96 3.5000% 4.8400% 5.0400% 3.5400%
30-0ct-96 5-Nov-96 3.5000% 4.8600% 5.0600% 3.5600%
6-Nov-96 12-Nov-96 3.2500% 4.5700% 4.7700% 3.2700%
13-Nov-96 19-Nov-96 3.4500% 4.8000% 5.0000% 3.5000%
20-Nov-96 26-Nov-96 3.4500% 4.8300% 5.0300% 3.5300%
27-Nov-96 3-Dec-96 3.5500% 4.8700% 5.0700% 3.5700%
4-Dec-96 10-Dec-96 3.1000% 4.4800% 4.6800% 3.1800%
II-Dec-96 17-Dec-96 3.6000% 4.8300% 5.0300% 3.5300%
18-Dec-96 24-Dec-96 4.0000% 5.2100% 5.4100% 3.9100%
25-Dec-96 31-Dec-96 4.0000% 5.5000% 5.7000% 4.2000%
I-Jan-97 7-Jan-97 2.8500% 4.3500% 4.5500% 3.0500%
8-Jan-97 14-Jan-97 3.3500% 4.5000% 4.7000% 3.2000%
15-Jan-97 21-Jan-97 3.3000% 4.7500% 4.9500% 3.4500%
22-Jan-97 28-Jan-97 3.3500% 4.7200% 4.9200% 3.4200%
29-Jan-97 4-Feb-97 3.5000% 4.8300% 5.0300% 3.5300%
5-Feb-97 II-Feb-97 3.2500% 4.5600% 4.7600% 3.2600%
12-Feb-97 18-Feb-97 3.2500% 4.6200% 4.8200% 3.3200%
19-Feb-97 25-Feb-97 3.2500% 4.6300% 4.8300% 3.3300%
26-Feb-97 4-Mar-97 3.3000% 4.6400% 4.8400% 3.3400%
5-Mar-97 II-Mar-97 3.0500% 4.4500% 4.6500% 3.1500%
12-Mar-97 18-Mar-97 3.1000% 4.3900% 4.5900% 3.0900%
19-Mar-97 25-Mar-97 3.3000% 4.5400% 4.7400% 3.2400%
26-Mar-97 l-Apr-97 3.4000% 4.7600% 4.9600% 3.4600%
Page 7 of 8
, , 1990 LEASE POOL
.'.,.' .. ~
.;. Rate History
(By Index)
WEEK (1) GMA Primary Secondary JJ Kenny
Certificate Investment Investment (Comparable
START END Rate Contract Rate Contract Rate Index)
2-Apr-97 8-Apr-97 3.3000% 4.7000% 4.9000% 3.4000%
9-Apr-97 15-Apr-97 3.5500% 4.8000% 5.0000% 3.5000%
16-Apr-97 22-Apr-97 3.9000% 5.0700% 5.2700% 3.7700%
23-Apr-97 29-Apr-97 4.5000% 5.8000% 6.0000% 4.5000%
30-Apr-97 6-May-97 4.5000% 5.9700% 6.1700% 4.6700%
7-May-97 13-May-97 4.1000% 5.4100% 5.6100% 4. II 00%
14-May-97 20-May-97 4.2000% 5.5500% 5.7500% 4.2500%
21-May-97 27-May-97 3.9500% 5.2600% 5.4600% 3.9600%
28-May-97 3-Joo-97 3.8500% 5.2500% 5.4500% 3.9500%
4-Joo-97 10-Joo-97 3.3500% 4.6600% 4.8600% 3.3600%
I1-Jun-97 17-Joo-97 4.0000% 5.1500% 5.3500% 3.8500%
18-Jun-97 24-Jun-97 4.1500% 5.4700% 5.6700% 4.1700%
25-Joo-97 I-JuI-97 4.1500% 5.4300% 5.6300% 4.1300%
2-JuI-97 8-Jul-97 3.6000% 5.0600% 5.2600% 3.7600%
9-Jul-97 15-Jul-97 3.4000% 4.6400% 4.8400% 3.3400% .
16-Jul-97 22-Jul-97 3.6500% 5.0000% 5.2000% 3.7000%
23-Jul-97 29-JuJ-97 3.6500% 4.9800% 5.1800% 3.6800%
30-Jul-97 5-Aug-97 3.6000% 4.9800% 5.1800% 3.6800%
6-Aug-97 12-Aug-97 3.3650% 4.8000% 5.0000% 3.5000%
13-Aug-97 19-Aug-97 3.3750% 4.7300% 4.9300% 3.4300%
20-Aug-97 26-Aug-97 3.3500% 4.7200% 4.9200% 3.4200%
27-Aug-97 2-Sep-97 3.3500% 4.7000% 4.9000% 3.4000%
3-Sep-97 9-Sep-97 3.4500% 4.6200% 4.8200% 3.3200%
10-Sep-97 16-Sep-97 3.6500% 4.9000% 5.1000% 3.6000%
17-Sep-97 23-Sep-97 3.8000% 5.0700% 5.2700% 3.7700%
24-Sep-97 30-Sep-97 4.0500% 5.3200% 5.5200% 4.0200%
1-0ct-97 7-0ct-97 3.7000% 5.0700% 5.2700% 3.7700%
8-0ct-97 14-0ct-97 3.6000% 4.9300% 5.1300% 3.6300%
15-0ct-97 21-0ct-97 3.7000% 4.9500% 5.1500% 3.6500%
22-0ct-97 28-0ct-97 3.7000% 5.0000% 5.2000% 3.7000%
29-0ct-97 4-Nov-97 3.7000% 4.9800% 5.1800% 3.6800%
5-Nov-97 II-Nov-97 3.7000% 5.0000% 5.2000% 3.7000%
12-Nov-97 18-Nov-97 3.9000% 5.0200% 5.4000% 3.7200%
19-Nov-97 25-Nov-97 3.9500% 5.3000% 5.5000% 4.0000%
26-Nov-97 2-Dec-97 3.8500% 5.2600% 5.4600% 3.9600%
3-Dec-97 9-Dec-97 3.6500% 4.9600% 5.1600% 3.6600%
10-Dec-97 16-Dec-97 3.7500% 5.0000% 5.2000% 3.7000%
17-Dec-97 23-Dec-97 3.9500% 5.2000% 5.4000% 3.9000%
24-Dec-97 30-Dec-97 4.1500% 5.4000% 5.6000% 4.1000%
31- Dec-97 6-J8O-97 3.7000% 5.0500% 5.2500% 3.7500%
Life Average
One Year Average
Six Month Average
13 Week Average
3.3051%
3.6575%
3.6804%
3.7923%
4.9092%
4.9721%
4.9838%
5.0808%
5.II82%
5.1756%
5.1908%
5.2946%
3.3602%
3.6721%
3.6838%
3.7808%
Page 8 of 8
. \
..
CLERK'S CERTIFICATE
The undersigned Clerk of the Augusta-Richmond County, DOES HEREBY
CERTIFY that the foregoing pages of typewritten matter pertaining to the issuance of
Certificates of Participation in the Georgia Municipal Association Pool in the aggregate
principal amount of $127,635,000, constitute a true and correct copy of the Resolution
adopted on ~PV1fU!1 ~; If/fa' , by the City Council on behalf of Lessee in a
meeting duly called and assembled, which was open to the public, and that the original of
said Resolution appears of record in the Minute Book of the Lessee which is in the
undersigned's custody and control.
~ WITNESS my hand and the official seal of the Lessee, this L day of
IJJ~ .
- ~
~ :
-- -
...,. -
:;..... -
~...
--
7"-----"" --
, .
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, \ ,.
'.
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r
GEORGIA
MUNICIPAL
ASSOCIATION
201 Pryor Street, SW · Atlanta, Georgia 30303 · 404/688-0472 · Fax: 404/577-6663
January 6, 1998
Ms. Mary Grady
Treasurer
AlJgusta- Richmond County
Room 806, Municipal Building
Augusta, Georgia 30911
RE: 1998 Annual Appropriation Requirement
Dear Mary:
Please find enclosed the annual appropriation requirement for your participation in the
GMA Lease Pool Bond Series 1990.
This resolution should be adopted and returned to GMA no later than February 15, 1998.
If additional time is needed, please let us know as soon as possible.
I am also enclosing a copy of the pool's rate history. In addition, we will be glad to
prepare an analysis of the your individual effective rates on specific leases. Finally, we
are able to alert you of weekly rates through email upon your request. You may request
this feature by sending a note to "mmahathirath@gmanet.com".
We look forward to serving your needs during the coming year. If you have any
questions, please contact me at 404-688-0472.
Sincerely,
4f... ~
Mike Mahathirath
Administrator, Lease Program Services
Enclosure
OFFICERS
Willie Davis
President
Mayor. Vienna
Bob Sosebee
First Voce President
Councilmember. Commerce
Evelyn Turner
Second Vice President
Councilor. Columbus
Andrew Harris
Third Vice President
Commissioner, Decatur
Keith Dixon
Immediate Past President
Mayor, Kingsland
James A. Calvin
Executive Director
BOARD OF
DIRECTORS
Pan Presidena:
John Meadows, Mayor,
Calhoon. Bill Mcintosh,
Mayor, Moultrie. Myrtle R.
Davis, Special Assistant to the
Mayor, Atlanta. Ed
Cannington, Jr" Mayor,
Lumpkin. James A. Neal,
Vice Mayor. T occoa . Frank
Sherrill, Mayor, Social Circle.
Bill K. Reynolds. Mayor,
Bainbridge. Bob Knox. Jr..
Mayor, Thomson. Gerald
Thompson, Mayor,
Fitzgerald. Ullian Webb.
Mayor, NOf"Cross . David
IlaITow, Mayor, Bowdon
District Board:
Allen Brown, Mayor,
Hinesville. Billy Trapnell.
Mayor, Metter. Earl
Thompson, Mayor, Cuthbert .
Arthur Williams. Commis-
sioner, Albany. Curtis L
Pickels. Commission Chair-
man, Quitman . John Adams.
Mayor, Hahira . Randy Mills,
Councilmember, Conyers .
Ronnie Simmons, Council-
member, Stockbridge. Ann
Douglas, Councilmember, East
Point. Richard Sailors,
Mayor, Powder Springs. Pope
Jones, Councilmember,
Newnan . Jack Sutton,
Commisstoner, Griffin. Ray
Elrod, Mayor Pro T em,
Da~on . Sewell Cash, Mayor,
Summerville. Wyatt W.
"Buddy" Spann, Mayor,
Hazlehurst . D, Ray James.
Mayor, Folkston . Haines Hill,
Mayor, Dahlonega . Emily
"Sissy" Lawson. Council-
member, Gainesville. Arthur
Barrett, Councilmember.
Social Circle. Wayne Payne.
Commissioner. T occoa .
Horace A. Machis, Jr., Mayor,
Sandersville . Susan Holmes,
Mayor, Monticello. Emma R.
Gresham. Mayor, Keysville .
Dennis Trudeau. Mayor.
Grovetown . Phillip Boatright,
Mayor, Wrightsville . Geo'Je
Porter, Mayor, Cochran. H,
H. Dimery. Commissooer.
Cordele . James V, Edgar,
Mayor. Pine Mountain
Directors At-large:
Doug A1""""der, Council-
member, Atlanta. Roger
Boatright, Mayor, Alma .
Leonard Burse, Jr., Commis-
sioner, Waycross . Kay
Durand, Councilmember,
laGrange. Philip Goldscein,
Councilmember, Marietta .
Sanford E, Hershey, Mayor,
Sylvania. Hill Pope, Jr., Mayor
Pro T em, LaFayette. Larry "-
Sconyers. Mayor, Augusta-
Richmond County
Section Presidena:
Dennis Davenport, City
Attorney, Union Cityl
Palmetto. Richard Crowdis,
City Manager, Griffin. Dyanne
C. Reese. Gty Cieri<. Savannah
GMEBS Chairman:
Sonya Career, City Adminis-
trator, Union City
....1.
I
\
.
APPROPRIATION CERTIFICATE
RE: Master Lease dated June 20, 1995 and Lease Supplement (the "Lease
Supplement") dated June 29, 1995, between Lessee and Georgia Municipal
Association, Inc.
The undersigned officers of the Augusta-Richmond County (the "Lessee") hereby certify
that all Rentals $70,986.81 and the Termination Payment under the referenced Lease
Supplement, for the calendar year ending December 31, 1998, are within such Lessee's operating
budget or budgets for such period and an appropriation of funds for such year has been made for
such purpose and is available therefor.
Dated: ;2f/~ I tj P
Signed:
Name:
Title:
Attest:
Name:
INSTRUCTIONS:
- "'.-...
Mayor
(Mayor, City Manager or A"d"!ini!J!!l@'fL _
Lh / / Lt.~ -": :;. ?;~(':::':- :f:r
/ )tb. tV- //)B?aL(AdA1.<:j-~:,,-,,:,-:I--~ -:
'fj ~. - -,2. - _ ; ::- '"
./. '""- - ~ ...,':;-'
Nancy W. Morawski , -7..... ~~~_ ./ ..::.~. ,-
Title: Deputy City Clerk'<~:--r;--~;~ <~. . "
~
"
....-..-- _...--
1. To be given on or before February 1 of each year with respect to the current calendar year.
2. Complete a separate certificate for each Lease Supplement in effect.