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v MV#a mma qwA 4L#dLW1y.PL�Y�W-ft a V r,V%rA+Fi 4Wa amara Ve#NOs a.. �raa �V•a*a 4L%} h/it%0& iF <br /> ransa tlon is exempt torn feral income takes,Motorola can share <br /> this benefit by offering lower interest rates. <br /> Due to a Non Appropriabon clause contained in the Municipal Lease <br /> Purchase Agreement, the payments due under the agreefrmt rrmy <br /> pas lbly be lfied as a current expense rather than a debt. <br /> No pre-paymeni p na#fies. <br /> Future equipment upgrades can easily be ac=wnodad via add-err <br /> tease schedules,,restrucWring already exMng deals,etc. <br /> ua canons: Receipt of a properly executed daout't'etaboo package. <br /> Lessee quak fes as a pyo cal subdivision or agency of the sbaW as <br /> defined in the Internal Revenue Code of 19M.The inters portion of <br /> the Lease Payments shalt be excludable from the Leswes Moss <br /> income pursuant to Secfion 103 the Internal Rmenue Code. <br /> Receipt of a copy of the last 2 yews audited Anandal statermab and <br /> current year's budget from the Lessee. <br /> This proposal should not be construed as a cogent to Inance.It is <br /> subject to ffn l credit approval. <br /> C Ment3flOn Municipal EgLdpment Lease Purchase Agreernent <br /> Opinion of Counsel <br /> Schedus Afgpnt Ust <br /> Schedcfle B/AmorO atlon Schedule <br /> 8038G <br /> UCC-1 <br /> erfificate of Incumbency <br /> Statement of Essential Use Sow=of Funds <br /> Evidence of Insurance or Statement of Self Insurance <br /> Resolution ftm govemr ng body authatiq the executlon of the Lease <br /> De rery&Acceptance CeOcete <br /> %W free to conUct me if there are any questions,or it an aftemato stvdbudng is required. <br /> Ronald roost <br /> Account Managw <br /> 41-6474)402 <br /> i <br /> http; 2 A I. *rn . ,c: r /cu t n2/phas� ��7ri1��1,r 1959 /2912003 <br /> S a soo.Jd uo C1 '- Co Cls <br />