UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report: August 25, 2015

(Date of earliest event reported)

 

 

ENTEROMEDICS INC.

(Exact name of registrant as specified in its charter)

 

 

Commission File Number: 1-33818

 

Delaware		48-1293684
(State or other jurisdiction of incorporation)		(IRS Employer Identification No.)

2800 Patton Road, St. Paul, Minnesota 55113

(Address of principal executive offices, including zip code)

(651) 634-3003

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 1.02

Entry into a Material Definitive Agreement.

Amendment to Sales Agreement.

On August 25, 2015, EnteroMedics Inc. (the “Company”) entered into an amendment (the “ATM Amendment”) to the Sales Agreement, dated June 13, 2014, by and between the Company and Cowen and Company, LLC relating to the Company’s current “at-the-market” equity offering program. The ATM Amendment was entered into in connection with the filing of a prospectus supplement to include the shares to be sold in the “at-the-market” equity offering program under the Company’s shelf registration statement (the “Registration Statement”) on Form S-3 (File No. 333-195855) declared effective by the SEC on May 22, 2014. The shares sold under the program prior to the ATM Amendment were covered by the Company’s other shelf registration statement which expired on August 29, 2015. The ATM Amendment updates the Sales Agreement to reflect the registration of the shares under the Registration Statement and removes certain representations made by the Company which are no longer applicable.

The description of the ATM Amendment in this Current Report on Form 8-K is qualified in its entirety by reference to the copy of the ATM Amendment attached hereto as Exhibit 10.1 and incorporated herein by reference.

Amendment to Lease.

On August 25, 2015, the Company entered into an amendment (the “Lease Amendment”) to the Lease, dated October 1, 2008, by and between the Company and Roseville Properties Management Company, Inc. The Lease Amendment extends the term of the Lease for three years until September 30, 2018 and sets the base rent for each of the three years. The base rent will be $18,925.33 per month from October 1, 2015 until September 30, 2016, $19,635.03 per month from October 1, 2016 until September 30, 2017 and $20,344.73 per month from October 1, 2017 until September 30, 2018. Under the Lease Amendment the Company also has the right to renew the lease for one three-year term subject to negotiation with the landlord on the terms of such renewal.

The description of the Lease Amendment in this Current Report on Form 8-K is qualified in its entirety by reference to the copy of the Lease Amendment attached hereto as Exhibit 10.2 and incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.		Description
10.1		Amendment No. 1 to the Sales Agreement, by and between the Company and Cowen and Company, LLC, dated August 25, 2015
10.2		First Amendment to Lease, by and between the Company and Roseville Properties Management Company, Inc., entered into August 25, 2015

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: August 31, 2015

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EXHIBIT INDEX

 

Exhibit Number		Description
10.1		Amendment No. 1 to the Sales Agreement, by and between the Company and Cowen and Company, LLC, dated August 25, 2015
10.2		First Amendment to Lease, by and between the Company and Roseville Properties Management Company, Inc., entered into August 25, 2015

Exhibit 10.1

AMENDMENT NO. 1 TO SALES AGREEMENT

August 25, 2015

Cowen and Company, LLC

599 Lexington Avenue

New York, NY 10022

Ladies and Gentlemen:

EnteroMedics Inc., a Delaware corporation (the “Company”), and Cowen and Company, LLC (“Cowen”), are parties to that certain Sales Agreement dated June 13, 2014 (the “Original Agreement”). All capitalized terms not defined herein shall have the meanings ascribed to them in the Original Agreement. The parties, intending to be legally bound, hereby amend the Original Agreement as follows:

1. Section 1 of the Original Agreement is hereby deleted and replaced with the following:

“Issuance and Sale of Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it may issue and sell through Cowen, acting as agent and/or principal, shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) having an aggregate offering price of up to $25,000,000 by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 of the Securities Act (as defined below). Notwithstanding anything to the contrary contained herein, the parties hereto agree that compliance with the limitation set forth in this Section 1 on the number of shares of Common Stock issued and sold under this Agreement shall be the sole responsibility of the Company, and Cowen shall have no obligation in connection with such compliance. Pursuant to this Agreement, shares of our common stock were previously sold for $7,579,013 in aggregate gross proceeds under a separate prospectus supplement. Under this Agreement, as amended by Amendment No. 1 to Sales Agreement, the Company, through Cowen, may offer and sell further shares of common stock having an aggregate offering price of up to $17,420,987 pursuant to the Prospectus (as defined below). The issuance and sale of Common Stock through Cowen will be effected pursuant to the Registration Statement (as defined below) filed by the Company and declared effective by the Securities and Exchange Commission (the “Commission”), although nothing in this Agreement shall be construed as requiring the Company to use the Registration Statement (as defined below) to issue the Common Stock.

The Company has filed, in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the “Securities Act”), with the Commission a registration statement on Form S-3 (File No. 333- 195855), including a base prospectus, relating to certain securities, including the Common Stock, to be issued from time to time by the Company, and which incorporates by reference documents that the Company has filed or will file in accordance with the provisions of the

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Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (collectively, the “Exchange Act”). The Company has prepared a prospectus supplement specifically relating to the Common Stock being offered under this Agreement (the “Prospectus Supplement”) to the base prospectus included as part of such registration statement. The Company has furnished to Cowen, for use by Cowen, copies of the prospectus included as part of such registration statement, as supplemented by the Prospectus Supplement, relating to the Common Stock. Except where the context otherwise requires, such registration statement, as amended when it became effective, including all documents filed as part thereof or incorporated by reference therein, and including any information contained in a Prospectus (as defined below) subsequently filed with the Commission pursuant to Rule 424(b) under the Securities Act or deemed to be a part of such registration statement pursuant to Rule 430B or 462(b) of the Securities Act, is herein called the “Registration Statement.” The base prospectus, including all documents incorporated therein by reference, included in the Registration Statement, as it may be supplemented by the Prospectus Supplement, in the form in which such prospectus and/or Prospectus Supplement have most recently been filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act, together with any “issuer free writing prospectus,” as defined in Rule 433 of the Securities Act Regulations (“Rule 433”), relating to the Common Stock offered under this Agreement that (i) is required to be filed with the Commission by the Company or (ii) is exempt from filing pursuant to Rule 433(d)(5)(i), in each case in the form filed or required to be filed with the Commission or, if not required to be filed, in the form retained in the Company’s records pursuant to Rule 433(g), is herein called the “Prospectus.” Any reference herein to the Registration Statement, the Prospectus or any amendment or supplement thereto shall be deemed to refer to and include the documents incorporated by reference therein, and any reference herein to the terms “amend,” “amendment” or “supplement” with respect to the Registration Statement or the Prospectus shall be deemed to refer to and include the filing after the execution hereof of any document with the Commission deemed to be incorporated by reference therein. For purposes of this Agreement, all references to the Registration Statement, the Prospectus or to any amendment or supplement thereto shall be deemed to include any copy filed with the Commission pursuant to either the Electronic Data Gathering Analysis and Retrieval System or Interactive Data Electronic Applications (collectively “IDEA”).

2. In Section 6 of the Original Agreement, clause (gg) is deleted and replaced with the words “Intentionally omitted.”

3. All references to “June 13, 2014” set forth in Schedule 1 and Exhibit 7(l) of the Original Agreement are revised to read “June 13, 2014 (as amended by Amendment No. 1 to Sales Agreement, dated August 25, 2015)”.

4. Except as specifically set forth herein, all other provisions of the Original Agreement shall remain in full force and effect.

5. Entire Agreement; Amendment; Severability. This Amendment No. 1 together with the Original Agreement (including all schedules and exhibits attached hereto and thereto

 

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and Placement Notices issued pursuant hereto and thereto) constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings, both written and oral, among the parties hereto with regard to the subject matter hereof. All references in the Original Agreement to the “Agreement” shall mean the Original Agreement as amended by this Amendment No. 1; provided, however, that all references to “date of this Agreement” in the Original Agreement shall continue to refer to the date of the Original Agreement, and the reference to “time of execution of this Agreement” set forth in Section 13(a) shall continue to refer to the time of execution of the Original Agreement.

6. Applicable Law; Consent to Jurisdiction. This amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to the principles of conflicts of laws. Each party hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan, for the adjudication of any dispute hereunder or in connection with any transaction contemplated hereby, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof (certified or registered mail, return receipt requested) to such party at the address in effect for notices to it under this amendment and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.

7. Waiver of Jury Trial. The Company and Cowen each hereby irrevocably waives any right it may have to a trial by jury in respect of any claim based upon or arising out of this amendment or any transaction contemplated hereby.

8. Counterparts. This amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed amendment by one party to the other may be made by facsimile transmission.

[Remainder of Page Intentionally Blank]

 

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If the foregoing correctly sets forth the understanding among the Company and Cowen, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding amendment to the Agreement between the Company and Cowen.

 

Exhibit 10.2

FIRST AMENDMENT TO LEASE

This First Amendment to Lease (“First Amendment”) is made and entered into this 20th day of August, 2015, by and between ROSEVILLE PROPERTIES MANAGEMENT COMPANY, INC., a Minnesota corporation, as agent for COMMERS-KLODT III, a Minnesota general partnership (“Landlord”), and ENTEROMEDICS INC., a Delaware corporation (“Tenant”).

RECITALS

WHEREAS, Landlord and Tenant entered into a certain Commercial Lease, dated October 1, 2008, (“Original Lease”), pertaining to approximately 28,388 square feet of space at the property located at 2800 Patton Road, Roseville, Minnesota 55113 (“Demised Premises”) attached on Exhibit A.

WHEREAS, Landlord and Tenant wish to amend and modify the Lease in order to, among other things, extend the Term of the Lease (and provide Tenant with a renewal option), modify the amount of Base Rent, and provide for repair, replacement and maintenance of HVAC rooftop units which will be passed through to Tenant as outlined in paragraph 9, all of which modifications will be upon the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1.	Recitals. The parties agree that the Recitals are true and correct and are incorporated by reference herein.

 

2.	Defined Terms. Each capitalized term used in this First Amendment shall have the same meaning as in the Original Lease, unless the context of this First Amendment requires otherwise.

 

3.	Conflict of Terms. In the event of a conflict between the terms of this First Amendment and the terms of the Original Lease, the terms of this First Amendment shall govern.

 

4.	Lease Term. The Term is hereby extended for three (3) years, commencing on October 1, 2015, and continuing until September 30, 2018 (the “Extension Term”).

 

5.	Base Rent. Article 2.0 of the Original Lease is amended so that, effective October 1, 2015, Tenant shall pay Base Rent to Landlord for the Demised Premises as set forth below:

 

Months		PSF				Monthly Base Rent Amount
10/01/15 to 09/30/16		$	8.00			$18,925.33 per month
10/01/16 to 09/30/17		$	8.30			$19,635.03 per month
10/01/17 to 09/30/18		$	8.60			$20,344.73 per month

 

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6.	Option to Renew. Article 38.0 of the Original Lease is hereby deleted in its entirety and is replaced to read as follows:

“38.0 OPTION TO RENEW:

Tenant shall have a one (1) time right to renew the term of this Lease for one (1) period of three (3) years (the “Renewal Term”), subject to the following terms and conditions:

a. Tenant shall not be in default in the performance of any of the terms, covenants, or conditions of this Lease, either at the time of the exercise of the right to renew or at the time of the commencement of the Renewal Term.

b. Base Rent during the Renewal Term shall be the Fair Market Rent (as defined below). Tenant may request from Landlord, not more than two hundred seventy (270) days prior to the expiration of the Extension Term, Landlord’s determination of “Fair Market Rent” (as defined below).

c. For purposes of this Article, “Fair Market Rent” means the annual Base Rent that a tenant would pay to a landlord under a net lease containing other terms and conditions substantially as set forth herein with respect to comparable premises in a comparable building in the general geographic area that the Demised Premises are located where both the landlord and tenant are willing and able to enter into such a lease transaction but neither would be under any compulsion to do so, and taking into account all relevant facts and circumstances concerning the Building, the parties and the relevant market (i.e., rental concessions, leasehold improvement allowances, and brokerage fees). In determining, for purposes of this Article 38.0, Fair Market Rent, Landlord shall give notice to Tenant of its determination of Fair Market Rent, after request by Tenant, within at least ten (10) days subsequent to such request, and such determination shall constitute Landlord’s determination of Fair Market Rent. In the event Tenant disagrees with Landlord’s determination of Fair Market Rent, Fair Market Rent shall be determined by the following methodology:

Both parties shall then have a period of sixty (60) days in which to reach a mutual agreement on Fair Market Rent for the Renewal Term. In the event the parties are unable to reach acceptable terms within this period, then this renewal option shall no longer be of any force or effect.

d. Tenant and Landlord shall agree on terms to renew the term of this Lease at least one hundred twenty (120) days prior to the expiration of the Extension Term. If Tenant fails to notify Landlord within such time and in the manner herein provided or Tenant and Landlord are unable to reach acceptable terms under the timeframes provided, Tenant’s right to renew the term of this Lease beyond the Extension Term shall expire and shall become null, void and of no further force or effect.

e. There shall be no further renewal rights after commencement of the Renewal Term unless agreed upon by the parties as part of these renewal discussions.

 

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f. The option to renew is not transferrable and shall be “personal” to Tenant and in no event will any assignee or sublessee have any rights to exercise any rights set forth herein unless such assignee or sublessee is a Tenant Affiliate or the result of a merger or acquisition in which case the Tenant is a wholly owned subsidiary.

 

7.

Landlord Work. Except as otherwise set forth herein, Tenant shall accept the interior of the Demised Premises “as is” and shall be responsible for any improvements it wishes to make at its sole cost and expense. Tenant shall have the right to perform alterations within the Demised Premises, provided all such work shall be subject to the reasonable prior written approval of Landlord, comply with the provisions of Article 12.0 of the Original Lease, and, upon completion of any such work, Landlord shall be provided satisfactory lien waivers from all of Tenant’s contractors. Landlord shall complete in a timely manner all work necessary to address the existing window and roof leaks in the Demised Premises and repair any damage to the Demised Premises caused by such leaks (including damaged window sills and ceiling tiles), at Landlord’s sole cost and expense. Any costs associated with Landlord’s exterior improvements to the Building during the Extension Term or Renewal Term shall be at the sole cost of Landlord.

 

8.	Right of First Offer. The provisions set forth in Article 39.0 of the Original Lease shall remain in full force and effect except that Article 39.0, paragraph a. is amended to read as follows:

“a. Tenant’s Right of First Offer is subject to and is conditioned upon (i) the Lease must be in full force and effect; (ii) Tenant shall not be in default herein; (iii) Tenant’s offer to lease the Offer Space must be for a term which is co-terminus with the Term of this Lease (as extended pursuant to the provisions set forth in Section 6 of this First Amendment) and have a remaining term of not less than three (3) years; and (iv) Tenant’s offer to lease the Offer Space must meet such other terms and conditions as are set forth in this Article.”

 

9.

HVAC. Relating to the HVAC rooftop units servicing the Demised Premises and notwithstanding anything to the contrary set forth in Article 8.0 of the Original Lease, Landlord agrees to immediately replace up to four (4) of the existing rooftop units, but not less than two (2) (as mutually agreed upon by Landlord and Tenant). The costs for replacing these two (2) to four (4) units shall be shared equally between Landlord and Tenant (and Tenant shall pay Landlord Tenant’s share of the replacement costs within thirty (30) days of the day of submission by Landlord to Tenant of a statement for said costs). Thereafter, Landlord shall replace such additional existing HVAC rooftop units servicing the Demised Premises, if the cost to repair any such unit is greater than 30% of the unit’s full replacement cost. The costs relating to any such replacement shall be borne equally between Landlord and Tenant (and Tenant shall pay Landlord Tenant’s share of the replacement costs within thirty (30) days of the day of submission by Landlord to Tenant of a statement for said costs). If Tenant exercises its Renewal Option and any of the original eleven (11) units identified with an asterisk (*) on Exhibit B have not been replaced and now require replacement pursuant to the repair cost threshold described above, the cost of the replacement shall be allocated between Landlord and Tenant as described above. Finally, in the event Tenant exercises its Right of First Offer for any of the Offer Space, or if Tenant exercises its Renewal Option and any of the units fail which Tenant has already contributed towards its replacement or the unit is not identified with an asterisk (*) on Exhibit B, replacement costs shall be handled as follows: Landlord shall pay to replace said HVAC units at its sole expense but shall

 

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be entitled to recover 1/15th of the cost plus an 8% interest factor from Tenant in a separate billing by Landlord to Tenant. This calculation uses a HVAC unit useful life of 15 years to calculate Tenant’s pro rata share to be billed each subsequent year Tenant occupies the Demised Premises. Tenant and Landlord both agree that all HVAC service and maintenance issues will be reported to property management for their scheduling of repairs and maintenance. Notwithstanding anything to the contrary in the Original Lease, Landlord shall repair and maintain the HVAC units serving the Demised Premises so as to maintain the same in good working order and capable of meeting the temperature specifications set forth on Exhibit E attached to the Original Lease and Tenant shall have no responsibility for performing the maintenance, repair or replacement of the HVAC units serving the Demised Premises. All such repairs and maintenance to the HVAC units will be billed by Landlord to Tenant in a separate billing to Tenant. In the event a repair exceeds the 30% threshold for replacement, Landlord will consult with Tenant for its approval to replace. Notwithstanding anything to the contrary in this Section 9, prior to replacing any HVAC unit serving the Demised Premises, Landlord must obtain Tenant’s prior written approval. In determining the costs of any HVAC unit which are subject to reimbursement by Tenant hereunder, such costs shall only include those costs actually incurred by Landlord, without mark-up, for procuring and installing such HVAC units and the cost of governmental permits and approvals in connection with the same and shall not include any other costs, such as management or supervision fees, elevator fees, dock fees, or utility costs. All replacement HVAC units shall be new and of sufficient capacity to meet the temperature specifications set forth on Exhibit E attached to the Original Lease. Landlord shall install all HVAC units in a good, workmanlike manner and in compliance with all applicable laws and regulations.

 

10.	Letter of Credit. None. Section 7.0 of the Original Lease is hereby deleted in its entirety and of no further force and effect.

 

11.

Brokerage. Landlord recognizes TaTonka Real Estate Advisors as Tenant’s broker for this transaction and agrees to pay a fee based upon four percent (4%) of the net rent paid over the term of the Extension Term, said fee to be payable one-half thirty (30) days after execution of this First Amendment and one-half upon commencement of the Extension Term.

 

12.	Tenant represents that there are no other brokers involved except for TaTonka Real Estate Advisors.

 

13.	Binding Effect. The parties acknowledge, confirm and agree that except as may be explicitly inconsistent with this First Amendment, the terms and conditions of the Original Lease, shall continue to be in full force and effect and are hereby ratified and confirmed.

 

14.

Submission. Submission of this First Amendment by Landlord or Landlord’s agent to Tenant for examination shall not in any manner bind Landlord and no obligation of Landlord shall arise under this First Amendment, unless and until this First Amendment is fully signed and delivered by Landlord to Tenant.

 

15.	Counterparts. This First Amendment may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement.

 

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16.

Authority. The parties represent to each other that this First Amendment has been fully authorized, that all persons signing for each party below have authority to bind the respective party, and that any approvals, if required, including, but not limited to the approval of third parties, have been obtained. Agent represents and warrants that it has the authority to enter into this First Amendment on behalf of Landlord and that upon Agent’s execution of this First Amendment, this First Amendment shall be binding upon Landlord.

 

17.

Miscellaneous. This First Amendment is binding on the parties’ successors and assigns. Signatures of this First Amendment which are transmitted by either or both electronic or telephonic means (including, without limitation, facsimile and email) are valid for all purposes. Any party shall, however, deliver an original signature of this First Amendment to the other party upon request. If any provision of the Original Lease, as amended by this First Amendment, is held by the final judgment of any court of competent jurisdiction to be illegal, invalid or unenforceable, the validity of the remaining portions or provisions must not be impaired or affected, and the rights and obligations of the parties must be construed and enforced as if the Original Lease, as amended by this First Amendment, did not contain that certain part, term or provision held to be illegal, invalid or unenforceable. The Original Lease, as amended by this First Amendment, constitutes the entire agreement between Landlord and Tenant with respect to the Demised Premises and may be amended or altered only by written agreement executed by both parties, and supersedes all prior agreements, whether written or oral, between the parties. The Original Lease, as amended by this First Amendment, and the rights and obligations of the parties hereto, must be construed and enforced in accordance with the laws of the state in which the Demised Premises are located.

[SIGNATURE PAGE TO FOLLOW]

 

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IN WITNESS WHEREOF, the parties have executed this First Amendment to be effective as of the date first written above.

 

LANDLORD:				TENANT:
ROSEVILLE PROPERTIES MANAGEMENT				ENTEROMEDICS INC.
COMPANY, INC., as agent for COMMERS-
KLODT III
/s/ Mark E. Rancone				/s/ Greg S. Lea
Signature				Signature
Mark E. Rancone				Greg S. Lea
Name (print)				Name (print)
President				COO & CEO
Title				Title
August 25, 2015				August 20, 2015
Date				Date

 

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EXHIBIT A

PREMISES

 

 

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Exhibit B

Roseville Properties/C145

Maintenance Inspection Report

2800 Patton Road

Roseville, MN 55113

 

Unit #		Manufacture/Model #		Serial #		Age/Ton		Comments
2 hrs #8		Carrier 48TJE004-501GA		*2394G20077		1994/3T		EnteroMedics-Saver Switch-no econo Evap dirty Normal
2 hrs #9		Carrier 48TJE007-501		*2294G20338		1994/6T		EnteroMedics-Saver Switch-no econo, condenser fan mtr vibrating sheave needs to be replaced Normal
3 hrs #9A		Carrier 48TJE008-511GA		*4796G30187		1996/7.5T		EnteroMedics-Saver Switch-has econo Normal
2 hrs #10		Carrier 48TJE004-501GA		*1594G01078		1994/3T		EnteroMedics-Saver Switch-no econo Drive pulley worn, inducer noisy
#11		Carrier 48TJE008-501GA		*2394G30672		1994/7.5T		EnteroMedics-Saver Switch-has econo, sheave should be replNormal
4 hrs #12		Carrier 48TJE008-501GA		*2494G30589		1994/7.5T		EnteroMedics-Saver Switch-has econo Burner not firing each time-T&M 2nd stage low refrig, contactor burnt, unit not igniting-need to replace burner ignitor
2 hrs #13		Bryant 580JP07A115A2A0AAA		0613C84584		2013/6T		EnteroMedics-Saver Switch-has econo Normal
2 hrs #14		Carrier 48TJE007-501		*2294G20339		1994/6T		EnteroMedics-Saver Switch-no econo Blower mtr vibrating Normal
2 hrs #15		Carrier 48TJE005-501		*1894G20207		1994/4T		EnteroMedics-Saver Switch-no econo Contactor burnt, heat exchanger def needs replacement
2 hrs #16		Carrier 48TJE005-501		*1894G20236		1994/4T		EnteroMedics-Saver Switch-has econo Control board defective
4 hrs #17		Trane YSC048E3EHA1GD00000000300		131312342L		2013/4T		EnteroMedics-Saver Switch-has econo Normal
2 hrs #18		Carrier 48TJE005-501		*1794G20185		1994/4T		EnteroMedics-Saver Switch-no econo Contactor burnt Normal
Replace #9B		Carrier 48TJE008-511GA		*4796G30181		1996/7.5T		EnteroMedics-Sav Switch-no econo No Heat/rollout switch, noisy inducer-REPLACE 60% damaged
2 hrs #9C		Carrier 48TFE005-511		4806G30249		2006/4T		EnteroMedics-has economizer Normal
2 hrs #9D		Carrier 48TFE005511		3707G30204		2007/4T		EnteroMedics-has economizer Normal

 

*	POTENTIAL REPLACEMENT OF HVAC UNIT

 

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Roseville Properties/C145

2800 Patton Road

Page 2

 

Unit #		Manufacture/Model #		Serial #		Age/Ton		Comments
2 hrs		Bryant Rooftop 580JP06A115A2A0AAA		3312C81272		2012/5T		EnteroMedics-has economizer Normal
2 hrs		Carrier 48HCEA05A2A5A0A0A0A0A0		0812C88962		2012/4T		EnteroMedics-has economizer Server Room Not gas piped Normal
		Modine Unit Heater PAE75AC		30081041293		75 MBH		EnteroMedics-Dock #1 Normal
		Modine Unit Heater PAE75AC		30081041293		75 MBH		EnteroMedics-Dock #2 Normal

 

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