Annual Tax Exempt Leasing Program (“TELP”) Program Report
for the Fiscal Year 2007-2008
TELP I Program
| Closing Date | Client | Lessor | Type of Equipment | Lease Principal Amount |
Tax Exempt Rate |
Term (Months) |
Location |
|---|---|---|---|---|---|---|---|
| 4/18/2007 | State University of New York University Hospital at Syracuse - 350 Beds | Chase Equipment Leasing, Inc | Radiology, Information Technology and Operating Room Equipment | $9,400,000 |
3.588% |
60 |
Onondaga |
| 6/12/07 | The Unity Hospital of Rochester - 227 Beds | Chase Equipment Leasing, Inc | Imaging, Cardiology, Radiology and Information Technology Equipment | $6,000,000 |
3.620% |
60 |
Monroe |
| 6/26/07 | United Health Services Hospital, Inc. - 516 Beds | Chase Equipment Leasing, Inc. | Imaging, Cardiology, Radiology and Operating Room Equipment | $4,455,000 |
3.875% |
60 |
Broome |
| 6/28/07 | Samaritan Medical Center, Watertown - 287 Beds | Key Government Finance | Imaging and Radiation Oncology Equipment | $3,990,000 |
4.850% |
60 |
Jefferson |
| 7/25/07 | St. Francis’ Hospital, Poughkeepsie, New York - 395 Beds | GE Capital Public Finance, Inc. | Patient Monitoring Equipment | $2,612,616 |
4.730% |
60 |
Dutchess |
| 8/22/07 | Albany Medical Center Hospital - 651 Beds | Key Government Finance | Imaging, Cardiology, Laboratory and Information Technology Equipment | $10,713,051 |
3.968% |
60 |
Albany |
| 9/12/07 | The New York Hospital Medical Center of Queens - 439 Beds | Bank of America | Imaging and Radiation Oncology Equipment | $5,452,000 |
4.194% |
60 |
Queens |
| 9/13/07 | Beth Israel Medical Center - 1368 Beds | HP Financial Services | Radiation Oncology, Operating Room and Cardiology Equipment | $5,471,000 |
4.390% |
72 |
New York |
| 9/13/07 | Beth Israel Medical Center - 1368 Beds | Commerce Commercial Leasing | Radiation Oncology, Operating Room and Cardiology Equipment | $7,030,000 |
4.090% |
72 |
New York |
| 9/13/07 | The St. Luke’s-Roosevelt Hospital Center - 837 Beds | HP Financial Services | Radiation Oncology, Operating Room and Cardiology Equipment | $9,100,000 |
4.890% |
72 |
New York |
| 9/13/07 | The St. Luke’s-Roosevelt Hospital Center - 837 Beds | Commerce Commercial Leasing | Radiation Oncology, Operating Room and Cardiology Equipment | $12,199,000 |
5.110% |
72 |
New York |
| 9/20/07 | Rome Memorial Hospital - 144 Beds | M & T Bank | Imaging Equipment | $1,858,108 |
4.230% |
60 |
Oneida |
| 9/26/07 | Pluta Cancer Center, Inc. - N/A | Key Government Finance | Imaging Equipment | $1,619,500 |
4.851% |
84 |
Monroe |
| 10/18/07 | St. Joseph’s Hospital Health Center - 431 Beds | Chase Equipment Leasing, Inc | Cardiac, Imaging, Information Technology and Operating Room Equipment | $4,318,626 |
3.520% |
60 |
Onondaga |
| 10/30/07 | Lenox Hill Hospital - 652 Beds | Commerce Commercial Leasing | Ambulances, Imaging, Radiology, Cardiology, Operating Room and Information Technology Equipment | $7,057,025 1,354,177 755,630 $9,166,832 |
3.720% 3.720% 3.720% |
60 60 60 |
New York |
| 10/31/07 | The New York and Presbyterian Hospital - 2,395 Beds | Bank of America | Replacement Beds, Patient Monitoring/Telemetry Equipment and a Taxable Lease Refinancing | $23,273,004 |
3.488% |
84 |
New York |
| 12/20/07 | Montefiore Medical Center - 1,062 Beds | Citicorp Leasing, Inc. | Information Technology, Radiology, Cardiology and Operating Room Equipment | $4,990,182 4,981,523 $9,971,705 |
2.973% 2.973% |
60 60 |
Bronx |
| 12/20/07 | Nathan Littauer Hospital Association and Nursing Home - 208 Beds | Philips Medical Capital | Radiology, Information Technology and Surgical Equipment | $3,248,866 |
3.750% |
60 |
Fulton |
| 12/21/07 | The Bronx-Lebanon Hospital Center - 858 Beds | Chase Equipment Leasing, Inc. | Radiology, Information Technology and Surgical Equipment | $5,260,168 |
2.990% |
60 |
Bronx |
| 2/28/08 | State University of New York University Hospital at Syracuse - 350 Beds | Chase Equipment Leasing, Inc. | Information Technology, Imaging Anesthesiology, Radiation Oncology, Operating Room, Laboratory and General Equipment | $11,790,000 |
3.220% |
60 |
Onondaga |
| 3/31/08 | The Frederick Ferris Thompson Hospital - 113 Beds | Key Government Finance | Medical Imaging and Energy Equipment | $2,131,330 1,000,000 $3,131,330 |
3.290% 4.660% |
60 120 |
Ontario |
| 19 TELP I Program Leases | $150,060,806 |
TELP I / NYSERDA Program
| Closing Date | Client | Lessor | Type of Equipment | Lease Principal Amount |
Tax Exempt Rate |
Term (Months) |
Location |
|---|---|---|---|---|---|---|---|
| 6/27/07 | The Winifred Masterson Burke Rehabilitation Hospital - 150 Beds | Alliance Leasing, Inc. | Energy Equipment | $2,882,087 |
5.943% |
40 |
Westchester |
| 10/24/07 | Arnot Ogden Medical Center - 256 Beds | Key Government Finance | Energy Equipment Upgrades | $2,672,834 1,000,000 $3,672,834 |
4.250% 1.427% |
180 120 |
Chemung |
| 10/31/07 | Kenmore Mercy Hospital - 184 Beds | Chase Equipment Leasing, Inc. | Heating, Ventilation and Air Conditioning Equipment | $1,000,000 1,284,474 $2,284,474 |
.005% 4.005% |
110 60 |
Erie |
| 3 TELP I / NYSERDA Program Leases | $8,839,395 |
TELP II Program
| Closing Date | Client | Lessor | Type of Equipment | Lease Principal Amount | Tax Exempt Rate | Term (Months) | Location |
|---|---|---|---|---|---|---|---|
| 8/14/07 | St. Lawrence University - 2,133 Students | Bank of America | Security and Information Technology Equipment | $750,000 |
3.960% |
48 |
St. Lawrence |
| 8/21/07 | St. John’s University, New York - 2,268 Students | Chase Equipment Leasing, Inc. | Information Technology Equipment | $6,000,000 |
3.800% |
48 |
Queens |
| 11/29/07 | NYSARC, Inc. - 49 Chapters/57,000 Consumers | Chase Equipment Leasing, Inc. | Information Technology, Telecommunications and Transportation Equipment | $4,054,041 1,793,837 $5,847,878 |
3.160% 3.220% |
48 60 |
Various |
| 3 TELP II Program Leases | $12,597,878 |
Previous TELP Closings
April 1, 2006 - March 31, 2007
April 1, 2005 - March 31, 2006
April 1, 2004 - March 31, 2005
April 1, 2003 - March 31, 2004
April 1, 2002 - March 31, 2003