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<br />JUL-23-98 09,11 FROM,ASSOCIATES 10:9726523491 <br />LEASE/PURCHASE FINANCING PROPOSAL FOR <br />CITY OF PARIS. TEXAS <br /> <br />PAGE 2/8 <br /> <br />PROPOSAL # 29265 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 />$1,708.17 <br />0.030151 <br />$56,653.00 <br />5.72% <br /> <br />"'oi ,. <br /> <br />DOCUMENTATION AND FUNDING MUST BE COMPLETED BY SEPTEMBER 30, 1998 <br /> <br />A'AAAAAAA~AAAAALAAtL~AAAkAAAAA*~AA~AA*A'AAE;ClLJIP~~NT [)~SCFtIPTI()N ~~AAAAAAAAAAAAAAAAAAAAAAAIIAA'IA'I"A'IA'. <br /> <br />DESCRIPTION <br />New 1998 Boss 6541 0- <br />truck mount on GMC Model <br />HD..3500 <br /> <br />MANUFACTURER <br />Underground <br /> <br />QTY DELIVERY EQUIPMENT COST <br />1 08/98 $56,653.00 <br /> <br />jl <br /> <br />TOTAL EClUIPMENT COST AFTER DOWNrrRADE: $56,653.00 <br /> <br />~A4i4A14AA~&A~..~'."'~l"A4~.A~A~~"'~~~.A"~.A"'..~A..~.&&~...&A".4&l.~.A".4~~A~'4.4A~~A~AAAAA~1~11AAAlA1A!AA!.A1~ <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 />I <br />1. This is a tax-exempt lease/purchase agreement with payments composed of principal and interest <br />with a $1.00 buyout at the end of the term.. , ~,; <br /> <br />2. Completion of mutually acceptable document~tion. <br /> <br />3. 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 />4. No material adverse change In the financial condition of the City of Paris, Texas, prior to funding. <br /> <br />5. Receipt of a copy of the last three years' auditecJ financial statements and the current years <br />budget for the City of Paris, Texas. <br /> <br />6. No change in any Federal, state or local tax law, regulations, case rulings or other interpretations <br />by the Internal Revenue Service that would aff~ct adversely any Federal, state or local tax benefit <br />assumed in determing the above proposal. <br /> <br />7. That the City of Paris, Texas, qualifies as a political subdivision as defined in the Internal <br />Revenue Code. : <br /> <br />7/23/98 9;07;59 AM <br /> <br />Page 1 of 1 <br /> <br />EXHIBITA <br />