12611I RESOLUTION NO. 12,611
2
3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A LEASE TO
4 PURCHASE AGREEMENT WITH JERRY PATE TURF AND IRRIGATION AND KANSAS
5 STATE BANK OF MANHATTAN FOR GOLF COURSE MAINTENANCE EQUIPMENT; AND
6 FOR OTHER PURPOSES.
7
8 WHEREAS, Little Rock Parks and Recreation Golf Courses are in need of proper turf maintenance,
9 and
10 WHEREAS, Parks and Finance staff have researched true lease, lease to purchase and outright pur-
11 chase options to address proper golf course turf maintenance, and
12 WHEREAS, it was determined that lease to purchase was the best option because equipment can
13 be updated more frequently, payments can be reduced and equity can be recouped for new replace -
14 ments, and
15 WHEREAS, a true lease option provides continuing monthly payments and no equity, and
16 WHEREAS, an out right purchase option demands more funds than are available in Golf Enter -
17 prise's yearly operations budget, and
18 WHEREAS, on October 24, 2007, a competitive selection process determined that Jerry Pate Turf
19 and Irrigation was the lowest responsible and responsive bidder out of three proposals for the needed
20 golf course maintenance equipment.
21 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
22 ROCK, ARKANSAS:
23 Section 1. The City Manager is authorized to execute a three -year Lease to Purchase Agreement,
24 and other related documents, with Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
25 for golf course maintenance equipment in the amount of $310,328.64.
26 Section 2. This Lease to Purchase Agreement shall be in a form substantially similar to Exhibit "A"
27 attached hereto and incorporated herein and shall be approved as to legal form by the City Attorney.
28 Section 3. Funds for this Lease to Purchase Agreement will be available from Golf Enterprise op-
29 erating budgets 609111 Rebsamen Golf Maintenance, 609121 War Memorial Golf Maintenance and
30 609141 Hindman Golf Maintenance. This Lease to Purchase Agreement will be funded through short -
31 term financing pursuant to Amendment 78 to the Arkansas Constitution and the Local Government
32 Short -Term Financing Obligations Act of 2001.
33 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause,
34 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such decla-
35 ration or adjudication shall not affect the remaining portions of the resolution, which shall remain in
[PAGE 1 or 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
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full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not origi-
nally a part of the resolution.
Section 5. Repealer. All resolutions and other matters in conflict with this resolution are hereby
repealed to the extent of any consistency.
ADOPTED: November 20, 2007
ATTEST: APPROVED:
Nat f ki S. Blocker, Assistant City Clerk Mark Stodola, ayor
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City At rney
[PAGE 2 OF 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1
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3 Lessee:
4 City of Little Rock, Arkansas
5 500 West Markham, Room 108
6 Little Rock, Arkansas 72201
7
8 Lessor:
EXHIBIT "A"
LEASE AGREEMENT
9 Kansas State Bank of Manhattan
10
11
12 Dated as of , 200_.
13 1. NET LEASE.
14
15 Lessor leases to Lessee, and Lessee leases from Lessor, all of the equipment ( "Equipment ") de-
16 scribed in one or more of the Schedules of Equipment ( "Schedules ") which are attached hereto
17 and incorporated herein. The lease term ( "Lease Term ") commences on the Lease Commence -
18 ment Date and terminates on the Lease Termination Date specified on the Schedules. The Lease
19 Term includes any Renewal Options described in Section 2 of this Agreement.
20
21 This Lease is a net lease. Lessee shall make all Lease Payments on a timely basis, including
22 Lease Payments that are required to be made in the Renewal Term. Lessee shall not be entitled to
23 cancel or terminate this Lease except as expressly provided herein. The Payment Schedule is at-
24 tached hereto and incorporated herein.
25
26 2. RENEWAL OPTION; PURCHASE OPTION.
27
28 A Schedule may provide for a renewal term ( "Renewal Term "), in addition to the initial Lease
29 Term. If Renewal Terms are provided for in the Schedule, the Schedule shall automatically re-
30 new for the Renewal Term unless Lessee gives Lessor written notice of its intention not to renew
31 at least 60 days prior to the expiration of the Lease Term. If Lessor receives such notice on a
32 timely basis, the Schedule shall terminate on the Lease Termination Date.
33
34 If Lessee is not in default under this Lease or any Schedule, Lessee may purchase the Equipment
35 on the Lease Termination Date for the Purchase Option Price of one dollar ($1.00). Upon exer-
36 cise of the Purchase Option, Lessor will (a) transfer to Lessee all of Lessor's right, title and inter -
37 est in such items of Equipment, AS -IS, and (b) release Lessor's security interest in the Equip -
38 ment. To exercise the Purchase Option, Lessee must notify Lessor of its intention to purchase the
39 Equipment at least sixty (60) days prior to the end of either the Initial Lease Term or the Re-
40 newal Term.
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[PAGE 3 of 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1 3. ASSIGNMENT.
2
3 Lessee shall not, without the prior written consent of Lessor, (a) assign, transfer, or pledge this
4 Lease, the Equipment or any part thereof, or any interest therein, or (b) permit the Equipment or
5 any part thereof to be used by anyone other than Lessee or Lessee's employees. Any assignment
6 without such consent shall be void.
7
8 4. RETURN OF EQUIPMENT.
9
10 With respect to each piece of Equipment, upon early termination of this Lease or if the above
11 option to purchase is not exercised, at the expiration of the term of this Lease, Lessee shall return
12 the Equipment at Lessee's expense, to Lessor at a place designated by Lessor no more than 50
13 miles from the place of delivery shown on the applicable Schedule. The Equipment, when re-
14 turned, shall be in as good condition as it is when delivered to Lessee, ordinary wear thereof ex-
15 pected.
16
17 Upon termination of this Lease, if any option to purchase is not exercised and Lessee fails to re-
18 turn the Equipment as described above, Lessee shall be obligated to make monthly payments to
19 Lessor which shall be equal to the greatest payment amount provided for in the terminated
20 Schedule. This obligation shall continue until Lessor regains possession of the Equipment.
21
22 5. EARLY TERMINATION.
23
24 If Lessee is not in default under any provision of this Lease, Lessee may request that this Lease
25 be terminated prior to the expiration of the Lease Term with respect to the Equipment or any
26 item thereof. Lessee shall return such Equipment to Lessor as provided in Section 4 and pay to
27 Lessor an amount quoted by Lessor, which shall be equal to the Termination Value on the date
28 the Equipment is returned.
29
30 6. DEFAULT.
31
32 Lessee shall be in default under this Lease if any of the following events occur:
33
34 6.1. Lessee fails to make any Lease Payment or pay other sums due hereunder within
35 ten (10) days after the same shall become due.
36
37 6.2. Lessee fails to maintain any insurance required hereunder in effect or fails to com-
38 ply with the requirements of any such insurance.
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40 6.3. Lessee, without Lessor's prior written consent, assigns this Lease or voluntarily or
41 involuntarily removes the Equipment from the United States, or sells, transfers, en-
42 cumbers, or sublets any item of Equipment.
43
44 6.4. Lessee shall commit an act of bankruptcy or become insolvent or bankrupt, shall
45 make an assignment for the benefit or creditors, shall cease doing business as a go-
46 ing concern, if bankruptcy, reorganization or insolvency proceedings are instituted
47 by or against Lessee.
48
[PAGE 4 of 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1 6.5. Lessee fails to perform or observe any other covenant or condition herein and such
2 failure continues for a period of ten (10) days after written notice thereof is sent to
3 Lessee by Lessor.
4
5 7. REMEDIES OF LESSOR.
6
7 Upon default of Lessee, Lessor may, with prior written notice to Lessee, exercise anyone or more
8 of the following remedies:
9
10 7.1. Declare all unpaid rent for the full term of this Lease immediately due and payable,
11 together with all expenses of collection by suit or otherwise.
12
13 7.2. Terminate this Lease immediately with respect to the Equipment or any portion
14 thereof.
15
16 7.3. Take possession of the Equipment (which Lessee shall surrender on demand).
17
18 7.4. Sell the Equipment or any portion thereof at public or private sale, or rent or lease
19 the Equipment and with demand on Lessee for payment and with prior written no-
20 tice of intention to sell, retain the proceeds of any such sale or lease and, unless
21 previously terminated under Section 7.2., terminate this Lease as of the date of such
22 sale. If the proceeds, after deducting all costs and expenses including allocated in-
23 ternal costs incurred in connection with the recovery, repair, storage and sale of the
24 Equipment and after deducting any Lease Payments and other obligations of Lessee
25 due and unpaid hereunder on the date of the sale, are less than the Termination
26 Value on the date of termination, Lessee shall immediately pay the Lessor the dif-
27 ference.
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29 7.5. Exercise any other remedy provided by law.
30
31 8. DISCALIMER OF WARRANTIES.
32
33 Lessee agrees: (a) the Equipment has been selected by Lessee; (b) Lessor is not a manufacturer
34 or dealer of the Equipment or property similar to the Equipment; (c) Lessor has not made any
35 express warranties regarding this Equipment. Lessor assigns to Lessee, to the extent assignable,
36 any warranties, covenants, and representations of the vendor with respect to the Equipment, pro -
37 vided that any action taken by Lessee by reason thereof shall be at the sole expense of Lessee;
38 and (d) Lessee shall sign a Certificate of Acceptance once Lessee has inspected the Equipment
39 and Lessee is satisfied that the Equipment is suitable for Lessee's purposes.
40
41 9. INSURANCE.
42
43 9.1. Lessee, at its own expense, will carry in the minimum amount of $250,000.00 per
44 occurrence for property damage.
45
46 9.2. Lessee, at its own expense, shall keep the Equipment insured against all risk of
[PAGE 5 OF 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1 physical damage for no less than its actual cash value. Such insurance shall in-
2 clude a loss payable clause made out in favor of Lessor.
3
4 9.3. Lessee shall deliver to Lessor a Certificate or other evidence satisfactory to Lessor
5 that insurance is maintained as required under Sections 9.1 & 9.2. If Lessee fails
6 to deliver such Certificate or other evidence of insurance to Lessor upon request,
7 Lessor shall have the right, but shall not be obligated, to purchase such insurance
8 and Lessee will reimburse Lessor for the cost thereof upon demand.
9
i0 10. LOSS OR DAMAGE TO EQUIPMENT.
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12 All risk of loss or damage to the Equipment is assumed by Lessee until it is returned to Lessor at
13 the expiration of the term of this Lease or such earlier termination as may occur under the provi-
14 sions of Sections 5 & 7 of this Lease. If an item is lost, sold, destroyed or damaged beyond repair
15 (such events are referred to as a "Casualty Occurrence "), the Casualty Occurrence will be treated
16 as an Early Termination of the Lease. Lessee shall pay Lessor an amount equal to the Termina-
17 tion Value described in Section 18, within fifteen days of the date on which the Lessee becomes
18 aware of the Casualty Occurrence. The Equipment that is the object of the Casualty Occurrence
19 shall be disposed of as Lessor or the insurance company may direct. If a damaged item is capable
20 of being repaired for a cost less than its actual cash value, Lessee shall make repairs at its own
21 cost in a manner which shall restore such item of Equipment to the condition it was in prior to
22 the occurrence of such damage. The proceeds of any insurance that may become available as a
23 result of damage to the Equipment may be applied to the repair of the Equipment or to payment
24 of any obligation of lessee hereunder at the sole discretion of Lessor. Inadequacy of such insur-
25 ante proceeds to cover the cost of repairs does not excuse or diminish Lessee's obligation to re-
26 pair. To the extent that Lessee has already paid Termination Value and the proceeds of any in-
27 surance and the amount obtained due to salvage are less than or equal to the Termination Value,
28 such amounts shall be remitted to Lessee.
29
30 11. LIABILITY.
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32 Lessee assumes all risk and liability for and shall hold Lessor and its assigns harmless from all
33 claims, liabilities or expenses for injuries or death to persons or loss or damage to property alleg-
34 edly caused by the Equipment or arising out of the use, possession or transportation thereof.
35
36 12. FEES AND PROPERTY TAXES.
37
38 12.1. Lessor as owner is responsible for filing the requisite periodic reports with the ap-
39 propriate taxing jurisdiction. If the location of the Equipment has been changed
40 to another taxing jurisdiction or the exempt status of the Equipment has been
41 changed, Lessee shall, in time for the Lessor to file such a return or report, notify
42 Lessor in writing regarding such changes at the following address:
43
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[PAGE 6 of 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1 12.2. If Lessee fails to so furnish Lessor with the above information, Lessee agrees to
2 promptly reimburse Lessor for any taxes, penalties, fines, or fees paid by Lessor
3 arising from such failure.
4
5 12.3. In addition to each Lease Payment, unless otherwise exempt, Lessee shall pay
6 Lessor an amount equal to Lessor's estimate of the pro -rated equivalent of the per-
7 sonal property taxes to be assessed on the Equipment. Lessor shall remit pay -
8 ments for personal property taxes to the taxing authority. Lessor shall not seek re-
9 imbursement from lessee for any underpayment and Lessor may retain any over -
10 payment of estimated personal property taxes. Unless otherwise exempt, Lessee is
11 responsible for the payment of all other taxes of any kind, and of all title fees, reg-
12 istration fees, license fees and all other similar charges of any kind imposed on
13 the Equipment or its use. As stated in Section 12.1 above, as applicable, Lessor as
14 owner shall file a personal property tax return. Lessee shall be responsible for all
15 other returns and reports required by law or otherwise permitted. If Lessor is re-
16 quired to file any returns or reports or pay any fees or taxes for which Lessee is
17 obligated hereunder, Lessee shall promptly reimburse Lessor for its payment of
18 said fees and taxes and shall pay any additional sales or use tax imposed on such
19 reimbursements.
20
21 12.4. If lessee is required by the jurisdiction to file returns or reports any pay fees or
22 taxes, but fails to pay such fees or taxes when due, Lessor shall have the right, but
23 not the obligation, to pay such fees or taxes together with penalties or fines and
24 lessee will promptly reimburse Lessor for any amounts paid by Lessor.
25
26 13. SERVICE AND USE.
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28 Lessee agrees to care for the Equipment in a careful and prudent manner, to cause the Equipment
29 to be operated and maintained in accordance with the manufacturer's operator's manual, mainte-
30 nance manuals, technical manuals, and other instructions concerning operation and maintenance,
31 and to perform all maintenance and make any and all repairs which may be necessary to keep the
32 Equipment is as good condition as it is when delivered to Lessee, ordinary wear thereof ex-
33 cepted. All maintenance and repairs shall be made at Lessee's expense unless covered by war -
34 ranty or by insurance as provided in Section 9. Lessee shall comply with and conform to all laws
35 and regulations relating to ownership, possession, use and maintenance of the Equipment and
36 with all conditions of policies of insurance on the Equipment. Lessee will not install any acces-
37 sory or device on the Equipment (except such as may be removed without in any way affecting
38 the originally intended function or use of the Equipment). Lessor shall be entitled to inspect the
39 Equipment at the location of lessee during reasonable business hours. It is contemplated that the
40 equipment will not be operated for more than the maximum number of hours shown on the ap-
41 plicable Schedule, and Lessee agrees to pay any excess use charge that may be shown on such
42 Schedule for each hour the Equipment is used in excess of such time. if there is an hour meter
43 furnished, Lessee agrees to keep it connected to the Equipment and in good working condition at
44 all times and that it is to be used as the conclusive basis of the number of hours of operation.
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Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
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14. CONSTRUCTION.
This Lease shall not be construed as conveying to Lessee any right, title or interest in or to the
Equipment or its proceeds except as Lessee. Except as provided in Section 2, all right, title and
interest in and to the Equipment shall at all times remain in Lessor.
15. DESIGNATION OF OWNERSHIP.
If at any time during the term hereof, Lessor supplies Lessee with labels, plates or other mark-
ings stating that the Equipment is owned by Lessor, lessee shall affix and keep the same upon a
prominent place on the Equipment. Lessor may file any financing statements that Lessor deems
necessary to perfect its interest in Equipment and their filing shall not be deemed to negate the
construction of this Lease as a lease. All such filings shall be done at Lessee's expense. Lessee
agrees to execute any and all additional instruments necessary to perfect Lessor's interest in this
Lease, the payments due hereunder and the Equipment.
16. SECURITY DEPOSIT.
If an amount is shown as a "Security Deposit" on any Schedule, Lessor may, but shall not be ob-
ligated to, apply the Security Deposit, or any portion thereof, to cure any default by Lessee, in
which event Lessee shall promptly restore the Security Deposit to the full amount specified.
Upon fulfillment by Lessee of all of the covenants and conditions of this Lease, including the
obligation to reimburse Lessor for any amounts as set forth in Section 12, Lessor shall return to
Lessee the amount of the Security Deposit, without interest.
17. TERMINATION VALUE.
With respect to each item of Equipment, "Termination Value" shall equal the sum of (a) all
amounts of rental or other payments which are due on or before the date of the Early Termina-
tion, which have not yet been paid, (b) the present value of the total of all Lease Payments for the
present term (excluding any sales tax included in such Lease Payments) which are not yet due on
the date of the return described in Section 5 or Section 7, or the date of the Casualty Occurrence,
and (c) the present value of the assumed Residual Value which was used in calculating payments
due under the present term. The discount rate used to determine the present value shall be rea-
sonably determined by Lessor in a manner that is determined by Lessor to maintain its yield in
entering into the Lease. Any taxes, other than income taxes owed by Lessor, which are incurred
in the termination of this Lease, shall be paid for by the Lessee. Upon request, Lessor will advise
Lessee of the amount of the Termination Value to be used in computing Lessee's obligations un-
der Section 5, 7 or 10.
18. CONTROLLING LAW.
THE CONSTRUCTION AND VALIDITY OF THIS LEASE SHALL BE CONTROLED
BY THE LAW OF THE STATE OF ARKANSAS.
[PAGE 8 of 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
1 18.1. This Master Lease Agreement ( "Lease "), and the documents attached thereto,
2 have been entered into by the parties pursuant to Amendment 78 to the Arkansas
3 Constitution and the Local Government Short-Term Financing Obligations Act of
4 2001, codified at Ark. Code Ann. 14 -78 -101 -110. Notwithstanding anything in
5 this Lease and in any of the documents attached thereto to the contrary, should
6 there be any conflict between this Lease and the attached documents, and
7 Amendment 78 to the Arkansas Constitution and Ark. Code Ann. 14 -78 -101 -110,
8 the Agreement and the attached documents shall be construed in accordance with
9 the requirements of the Local Government Short -Term Financing Obligations Act
10 of 2001.
11
12 18.2. The interest rate provided for in the Lease, or in any document attached thereto
13 and incorporated therein, shall not violate Amendment 78 to the Arkansas Consti-
14 tution or the Local Government Short-Term Financing Obligations Act of 2001.
15
16 18.3. In no event shall this Lease exceed five (5) years
17
18 19. LESSEE REPRESENTATIONS AND WARRANTIES.
19
20 Lessee represents, warrants and covenants that: (a) Lessee is a public body corporate and politic,
21 or a political subdivision thereof, legally existing under the laws of the State of Arkansas, (b) this
22 Lease has been duly authorized, executed and delivered by Lessee, and (c) the Lease is a legal,
23 valid and binding obligation of Lessee, enforceable in accordance with its terms and all such rep -
24 resentations and warranties shall be deemed continuing.
25
26 20. NON - APPROPRIATION OF FUNDS.
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28 If funds are not budgeted and appropriated in any fiscal year for the Lease Payments due under
29 this Lease for the then current or succeeding fiscal year, the Lease shall impose no obligation on
30 the Lessee as to such current or succeeding fiscal year and shall become null and void except as
31 to the Lease Payments herein agreed upon for which funds shall have appropriated and budgeted,
32 and no right of action or damage shall accrue to the benefit of Lessor, its successors and assigns.
33 If the provisions of this Section 20 are used by Lessee, Lessee agrees to notify Lessor, or its as-
34 signs, immediately if funds are not budgeted and to surrender peaceably possession of the
35 Equipment to Lessor or its assignee and it will not purchase, lease or rent equipment performing
36 functions similar to those performed by the Equipment for a period of ninety (90) days from the
37 date of surrender of the Equipment.
38
39 21. EARLY TERMINATION FOR NON - APPROPRIATION OF FUNDS.
40
41 If the Lease is terminated as a result of non - appropriation of funds pursuant to the provisions of
42 Section 20, the provisions of Section 17 entitled "Termination Value" shall not apply to such
43 termination.
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45 22. TOTAL LEASE AMOUNT.
46
47 The total lease amount shall not exceed the amount authorized by Lessee's Board of Directors.
[PAGE 9 of 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
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23. MERGER CLAUSE.
This Lease Agreement, insurance certificates, Bid Specification #: 2007 (rebid) GOLF #1
LEASE, and all documents attached hereto and incorporated herein, contain the entire agreement
of the parties with respect to the subject matter hereof. All prior or contemporaneous agree-
ments, understandings, and statements, oral or written, are hereby merged into this Agreement.
LESSEE:
CITY OF LITTLE ROCK, ARKANSAS
i
Bruce T. Moore, City Manager
Date:
ATTEST:
Nancy Wood
City Clerk
Date:
APPROVED AS TO LEGAL FORM:
Thomas M. Carpenter, City Attorney
f:
Beth Blevins Carpenter
Deputy City Attorney
LESSOR:
KANSAS STATE BANK OF
MANHATTAN
BY: _
Name:
Title:
Date:
[PAGE 10 OF 13]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
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SCHEDULE OF EQUIPMENT
RE: Lease Agreement dated as of , 200_, between Kansas State Bank of Manhattan
(Lessor) and City of Little Rock, Arkansas (Lessee).
Below is a detailed description of all the items of Equipment including quantity, model number
and serial number where applicable:
Physical Address of Equipment after Delivery:
Resolution [PAGE 11 of 13]
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
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PAYMENT SCHEDULE
RE: Lease Agreement dated as of , 200_ between Kansas State
Bank of Manhattan (Lessor) and City of Little Rock, Arkansas (Lessee).
Date of First Payment:
Balance:
Total Number of Payments:
Number of Payments Per Year:
Pmt. Date Lease Applied to Applied to *Purchase
No. Due Payment Interest Principal Option Price
. Assumes all Lease Payments due to date are paid
Resolution [PAGE 12 OF 13]
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
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CITY OF LITTLE ROCK, ARKANSAS
US=
Bruce T. Moore, City Manager
DATE:
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Resolution [PAGE 13 of 13]
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan