Agenda - 06-19-2012 - 5j - Laserfiche WebLink

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• Resolution and Declaration of Official Intent - Your governing board will need to review and approve the financing and the Authorized Signer(s). The Secretary/Clerk of the board would certify that the board has met and approved the financing, and that the titles of the Authorized Signer(s) are correct. • Certificate of Incumbency - Te Secretary/Clerk of the board would certify that the titles and specimen signature(s) of the Authorized Signer(s) are correct. Please note that two original executed documents are required for the funding. • Certificate of Authorization and Incumbency - In the event Board Minutes are used in place of the Resolution, please use this document for the certification of the minutes by the Board Secretary and for the specimen signatures of the Authorized Signers. Please note that two original executed documents are required for the funding. • Opinion of counsel - Please have your counsel review the documents as soon as possible. An Opinion of Counsel letter on their letterhead addressed to JPMORGAN CHASE BANK, N.A. would be required at funding. A sample of an Opinion of Counsel letter that will satisfy JPMORGAN CHASE BANK, N.A. is enclosed. • Proceeds Disbursement Authorization - This form directs the funding _. payment. Please ask the Authorized Signer to sign where indicated. • IRS Form 8038/G - This form is required for IRS reporting of a tax - exempt financing. Please complete and sign the IRS 8038 -G as part of the funding requirements. A copy is included. You may access the IRS website to obtain the form and instructions. If you want JPMorgan Chase Bank to file the form, please include the completed and executed form with your executed documents. If you will file the form, please include a copy of the completed and executed form IRS 8038 -G with your executed documents. Also, we request written notification of your filing with the IRS with the documentation package. • Insurance Request Letter - The Authorized Signer would be requested to sign the bottom of the form, once the insurance agent's information is completed. The executed document is required for funding. We request the completed and signed form be forwarded to your insurance agent. The letter contains the information your agent needs to generate and forward a certificate of insurance to Chase. Proof of insurance on the equipment, and JPMORGAN CHASE BANK, N.A., its Parent, Affiliates, Successors and Assigns, listed as both loss payee and additional insured on your policy would be needed before any funds are released from the escrow account.