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BRANCH OFFICES: <br />· Sparks, Nevada 89432 <br /> 870 South Rock BIrd. <br /> (702} 331-7772 <br /> <br />[C:\TEMP\~LF30001.BMP] <br /> <br />WESTERN TRACTION COMPANY <br /> <br />[C:\TEMP\~LF30002.BMP] <br /> <br />Construction and Maintenance Equipment <br /> <br />September 15, 1981 <br /> <br />Mr. Phil Hallock <br />CITY OF PLEASANTON <br />5335 Sunol Blvd. <br />Pleasanton, California <br /> <br />Dear Phil: <br /> <br />Attached for your information is literature explaining the FMC <br />Municipal Rental Plan which is being offered to you. This <br />special plan is offered only to municipalities and uses a very <br />low 5-3/4% per year add-on interest rate. Please read the <br />attached brochure for complete terms and conditions. <br /> <br />The following is an example of how the plan works, using our <br />final bid prlce of $74,578.86. and a term of 60 months. <br /> <br />Sales price (net after tax and trade) <br />Interest Add-On (5-3/4% per year x 5 yrs) <br /> <br /> Total <br /> <br />$ 74,578.86 <br /> 21,441.42 <br />$ 96,020.28 <br /> <br />Divide Total by 60 months = $1,600.34 <br /> <br />Your monthly payment would be $1,600.34 for a period of 60 months. <br />We ask for the first and last payment upon delivery of the new <br />machine and at the end of your term, the payoff Is $1.00. Also <br />there is no prepayment penalty. <br /> <br />Phil, I hope this information is useful. Should you have any <br />questions, or need anything else, please do not hesitate to contact me. <br /> <br />Very truly yours, <br /> <br />Territory Manager <br /> <br />MP/m <br />'Enclosure <br /> <br />SALES · RENTALS · SERVICE · PARTS <br /> <br /> <br />