1997 Annual Budget Adopted - Laserfiche WebLink

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N O V- 4- 9 G. M O N PROPOSAL # 26094 Payments Number of Payments Payment Timing Payment Amount Payment Factor Underwriting Fee 1 2: 2 1 A L P H A VIDEO' LEASE/PURCHASE FINANCING PROPOSAL FOR CITY OF LINO LAKES. MINNESOTA Total Amount Funded Annual Percentage Rate OPTION #1 In Advance 24 Monthly $1,631.57 0.044162 $300 paid on execution of documents $36,945.00 6.15% OPTION 112 In Advance 3 Annual $13,068.67 0.353733 $300 paid on execution of documents $36,945.00 6.25% P - 03 OPTION #3 In Advance 4 Annual $10,105.86 0.273538 $300 paid on execution of documents $36,945.00 6.35% DOCUMENTATION AND FUNDING MUST BE COMPLETED BY JANUARY 31, 1997 DESCRIPTION New Video System EQUIPMENT DESCRIPTION` **** * * * * * * **k * *** *** * **"*i*i*i*t ** *iii* MANUFACTURER QTY DELIVERY Panasonic 1 12/96 TOTAL EQUIPMENT COST AFTER DOWN/TRADE: $36,945.00 EQUIP COST $36,945.00 The above financing has been arranged by The Associates, for submission to: The City of Lino Lakes. MN This proposal is for financing only and is subject to: 1. Completion of mutually acceptable documentation substantially in the form of the enclosed sample documents. 2. A review of the proposed essential use of the equipment and a final credit approval for the City of Lino Lakes, Minnesota prior to funding. 3. No material adverse change in the financial condition of the City of Lino Lakes, Minnesota prior to funding. 4. Receipt of a copy of the last 3 years' audited financial statements and the current years budget for the City of Lino Lakes, Minnesota. 5. No change in Federal or applicable state or local tax law, regulations, case law, rulings, or other interpretations by the Internal revenue Service that would adversely affect any Federal, state or local tax benefit assumed in determining the above proposal. 6. That the City of Lino lakes, Minnesota, qualifies as a political subdivision as defined in the Internal revenue Code.