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<br /> <br />Public Finance <br /> <br />June 28, 2000 <br /> <br />Honorable Mayor aDd City Couooil Merohtors . <br />CAy of Paris. Texas <br />City Hall <br />Paris, Texas <br /> <br />r <br /> <br />Ladies aDd <kntlemen: <br /> <br />Wells Fargo Broker;age Services, U.C is pka:icd to submit 1lJ: following goverm:nclltll! kasc- <br />purchase lb. your cc:nWderation. <br /> <br />,..-: <br /> <br />City of Paris, Texas <br />Wells Fargo Brokerage Secvices, LLC or its assigncc(s) <br /> <br />LaMJr. <br /> <br />EqllipmenJlProjecJ: <br /> <br />Wood Grinder <br /> <br />ProjeCl Cosr. <br /> <br />$225,000.00 <br /> <br />Anticipated Funding Date: Se~mber 1, 2000 <br />LeMIJ T_: S yeat$ <br />UiDe pay_Is: 60 Montbly Payments at $4,393.96 <br /> <br />r_DllWLe lf1 r...::..",:: 6.42% <br /> <br />Prepaymeni OptiOn Tbll lease can be prepaid in fuU, but not in part, on any <br />paymcllt date: wr lIIl lIIlIOIIlIt CQwU to the "After Payment <br />Principal Bahmce" 115 shown OD &hibit A. <br /> <br />Escrow F wuling Option: If the Lessee is bot ready to fund the equipmelll purchase at <br />closing. the Ic:asc proceeds will be deposited into an cscroVf <br />lICCOunl from which parmems will be di5burscd lIS tequimd. <br />The baIanee in the escrow accoum, beginning at closing, would <br />eat11mtenlSt at a gowmmentallDOIJey uwket rale and said <br />iDtcrcst would be paid (or compounded) to the Lessee, If the <br />"draw schedule" on the escrow fund llll\de It 5:asiblc, longer <br />term, fixed rate Investments oould be made with. an or put of <br />the escrow timd.. <br /> <br />EXHIBIT A <br /> <br />~ ~QVd <br /> <br />:m <br /> <br />Wd rt:~o a~M 00-8~-Nnr <br />