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LEASE AGREEMENT <br /> <br /> THIS AGREEMENT (hereinafter called "the Lease") entered into this 12 th day of November <br /> <br />and between Western Traction Co. hereinafter called "Lessor" and City of Pleasanton <br /> Alameda <br /> <br /> County of <br />hereinafter called "Lessee". <br /> <br />,19 81 ,by <br /> <br />, State of California, <br /> <br /> WITNESSETH: <br /> Lessor hereby leases to Lessee and Lessee hereby hires of and from Lessor, for a period of 60 <br /> <br />the 12th day of November , 19 81, to and including the1St day of <br /> <br />(hereinafter called the "full term") the following described property (hereinafter called the "Units" and individually a "Unit"); to be <br /> <br /> months from and including <br /> <br />December , 19 86 , <br /> <br />located at5335 Sunol Blvd., Pleasanton, California 94566 <br /> <br /> NEW OR MAKE <br /> USED TRADE NAME DESCRIPTION OF EQUIPMENT <br /> <br /> New FMC Wayne Model 12 Street Sweeper <br /> <br /> SERIAL NUMBER <br /> <br />12-2138 <br /> <br />MOTOR NUMBER <br /> <br /> Lessee shall pay Lessor as rental charges, an amount computed as follows: <br /> 1, Cash price of the Units (including <br /> trade-in) <br />Simple Interest Rate 10.0 % 2. Sales or Use Tax <br /> <br />Any past due payments hemunder <br />shah bear interest at one percent <br />per annum above the Simple <br />Interest Rate. <br /> <br />3. Total (1 plus 2) <br /> <br />4. Rental paid herewith <br /> <br />5. Net rental (3 minus 4) <br /> <br /> 6. Interest charges on net rental <br /> <br /> 7. Total unpaid rental charges (5 plus 6) <br />Lessee agrees to pay the amount of'total unpaid rental charges in installments as follows: <br /> <br /> PRINCIPAL INTEREST TOTAL <br /> <br />SEE ATTACHED AMORTIZATION SCHEDULE <br /> <br />$ 69,844.00 <br />$ 4.734.86 <br />$ 74,578.86 <br /> <br />$ N/A <br />$ N/A <br />$ N/A <br />$ N/A <br /> <br />DUE DATE <br /> <br />EF~,-Sf, ~z-Ts LESSOR'S COPY <br /> <br /> <br />