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CONSOLIDATED FINANCIAL RESOURCES, INC. <br /> PUBLIC FINANCIERS <br /> ROUTE 4 BOX 2A • P.O. BOX 962 <br /> GREENVILLE, TEXAS 75403-0962 <br /> 903-454-4000 <br /> FAX 903-454-2320 <br /> April 4, 1995 <br /> The information below is relative to the proposed financing for the City of Mounds View, MN for the acquisition of <br /> water meters and related services. 'file transaction will be as follows: <br /> APPROXIMATE PROJECT COST $800,000.00 <br /> RESERVE $20,000.00 • <br /> SEVEN (7) ANNUAL PAYMENTS <br /> Net Effective Lease Rate: 6.98% <br /> Payment Schedule: Graduated to meet projected annual increases in metering <br /> revenues and billing savings from meter change out project <br /> (Please see attached cash Clow projection: "Option 1") <br /> TEN (I 0) ANNUAL PAYMENTS <br /> • Net Effective Lease Rate: 7.49% <br /> Payment Schedule: Graduated to meet projected annual increases in metering <br /> revenues and billing savings from meter change out project <br /> (Please see attached cash How projection: "Option 2") <br /> FOURTEEN (I 4) ANNUAL PAYMENTS <br /> Net Effective Lease Rate: 7.98% <br /> Payment Schedule: Graduated to meet projected annual increases in metering <br /> revenues and billing savings from meter change out project <br /> (Please see attached cash Clow projection: "Option 3") <br /> The following payment amounts represent total costs, including all issuance fees, and consider disbursement <br /> schedules,escrow earnings, accrued interest and stated payment dates. <br /> The above proposal is subject to an audit analysis and documentation. it closing occurs after May 4, 1995 the above <br /> rates may be indexed to equal maturity treasuries. All issuance costs will he capitalized and reflected in the <br /> following payment schedules. Upon closing, lease proceeds will be funded into escrow to he disbursed by the City as <br /> per incremental delivery and acceptance of equipment and services. Lease payments will be scheduled begin in <br /> February 96 and continue annually thereafter. <br /> If you have any questions regarding other payment terms, ti-equencies or conditions, please feel free to call me at <br /> 1-(800)486-2374. <br /> Submitted by: <br /> Wes Chapmon <br /> Director of Placement <br />