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<br />LEASE/PURCHASE FINANCING PROPOSAL FOR <br />CITY OF PARIS, TEXAS <br /> <br />PROPOSAL # 22887 Revised <br /> <br />OPTION #1 <br /> <br />Payments <br />Number of Payments <br />Payment Timing <br />Payment Amount <br />Payment Factor <br />Total Amount Funded <br />Annual Percentage Rate <br /> <br />In Advance <br />36 <br />Monthly <br />$1,726.71 <br />0.029940 <br />$57,740.00 <br />5.22% <br /> <br />DOCUMENTATION AND FUNDING MUST BE COMPLETED BY MAY 31,1996 <br /> <br />U.L,LU...AUUA.I. ....,....~uJ.J...U.L.l..LJ...1J.1*"'****EQUIPMENT DESCRIPTION .................UU...U..L4UUJ.J........................uuuu <br /> <br />DESCRIPTION MANUFACTURER <br />New 1996 Model 590 Super Case <br />Loader/Backhoe <br /> <br />QTY DELIVERY <br />1 04/96 <br /> <br />EQUIPM~NT COST <br />$61,240.00 <br /> <br />TOTAL EQUIPMENT COST AFTER DOWNrrRADE: $57,740.00 <br /> <br />~... ............ ,u"u,....u.....;.......... ......... ..A......'......... .1 ........................ ,U. 10... ........i..LJ.... ............ ....IoA.... A... .............1. J. ................ '.......... "'....u. .U.............. .......;..................................... AU............. ......... i... <br /> <br />The above financing has been arranged by The Associates, for submission to: <br />the City of Paris. Texas <br /> <br />This proposal is for financing only and is subject to: <br /> <br />1. Completion of mutually acceptable documentation substantially in the form of the enclosed <br />sample documents. <br /> <br />2. A review of the proposed essential use of the equipment and a final credit approval for the City of <br />Paris, Texas, prior to funding. <br /> <br />3. No material adverse change in the financial condition of the City of Paris, Texas, prior to funding. <br /> <br />4. Receipt of a copy of the last three years' audited financial statements and the CUrrent years t <br />budget for the City of Paris, Texas. <br /> <br />5. No change in Federal or applicable state or local tax law, regulations, case law, rulings, or other <br />interpretations by the Internal Revenue Service that would affect adversely any Federal, state or <br />local tax benefit assumed in determining the above proposal. . <br /> <br />6. That the City of Paris, Texas, qualifies as a political subdivision as defined in the Internal <br />Revenue Code. <br /> <br />, <br />,. <br /> <br />21919612:39:28 PM <br /> <br />EXHISll, A <br /> <br />Page 1 of 1 <br />