Laserfiche WebLink
t <br /> . 0 u <br /> Mbancorp. All of us serving you' <br /> Government Leasing and Finance <br /> October 14, 2015 <br /> City of Pleasanton, CA <br /> Attn: Charly Yang <br /> At your request,U.S.Bancorp Government Leasing and Finance,Inc.("USBGLF")has prepared for your consideration the following proposal <br /> for financing ("Proposal"). This is only a proposal and does not represent a commitment by U.S. Bancorp Government Leasing and <br /> Finance,Inc. <br /> Customer: City of Pleasanton,CA <br /> Lessor: U.S.Bancorp Government Leasing and Finance,Inc. <br /> PROPERTY: Mowers <br /> EXPIRATION: December 12,2015 <br /> LEASE Amount Rate Payments Factor Pmts/Year Term Adv./Arr. <br /> QUOTE: <br /> 401,451.37 1.70% 20,978.44 0.0522565 4 60 Months Arrears <br /> Notes: There are no fees associated with this offer including the establishment and use of a U.S. Bank,N.A.escrow account should one <br /> be required. Prepayment in whole,but not in part,at 103%of principal outstanding. <br /> The Lease will be structured as a tax-exempt municipal lease, with title in the Lessee's name and USBGLF holding a security interest in the <br /> equipment during the term. The lease is"triple-net" with the Lessee responsible for taxes, maintenance and insurance. Documentation will be <br /> provided by USBGLF,including(i)standard representations,warranties and covenants by the Lessee pertaining to the accuracy of information, <br /> organization, authority, essential use, compliance with laws, pending legal action, location and use of collateral, insurance, financial reporting <br /> and financial covenants;and(ii)standard USBGLF provisions pertaining to events of default and remedies available upon default. This offer is <br /> subject to the execution of all documentation by the Lessee within a reasonable time and in form and substance acceptable to Lessee,USBGLF <br /> and USBGLF's counsel,including terms and conditions not outlined in this Proposal. <br /> This Proposal is conditioned on there being no material adverse change in the financial condition of the Lessee. Additionally,the terms and <br /> conditions outlined herein are subject to final review and approval(including collateral and essential use review)by USBGLF's business, legal, <br /> credit,and equipment risk management personnel. <br /> Sincerely, <br /> Uonses E. Seytatl <br /> Thomas E. Seybold <br /> Vice President <br /> ACCEPTANCE: <br /> By accepting this Proposal,Lessee acknowledges that this Proposal does not represent a commitment to provide financing but only outlines general terms and <br /> conditions of the USBGLF's financing program currently available to qualified lessees. <br /> ACCEPTED BY: <br /> Name/Title <br /> dated: <br /> usbank.com <br />