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YO <br /> __FU Government Leasing and Finance, Inc. <br /> March 16,2023 <br /> City of San Marcos <br /> At your request,U.S.Bancorp Government Leasing and Finance,Inc. ("USBGLF")has prepared for your consideration the <br /> following proposal for financing("Proposal"). This is only a proposal and does not represent a commitment by U.S.Bancorp <br /> Government Leasing and Finance,Inc. <br /> Lessor: U.S.Bancorp Government Leasing and Finance,Inc. <br /> Lessee: City of San Marcos <br /> Equipment: Electric Capital Equipment <br /> Expiration: May 31,2023 <br /> Proposed Structure and Payment Options: <br /> Cost Interest Rate Payment Pmts/Yr Term Adv/Arr <br /> 2,644,798.00 4.11% 595,930.39 1 5 Years Arr <br /> 2,644,798.00 4.17% 443,421.16 1 7 Years Arr <br /> 2,644,798.00 4.25% 330,150.46 1 10 Years Arr <br /> Notes: There are no fees associated with this offer,including a U.S.Bank,N.A.escrow account. Prepayment is permitted after 13 <br /> months at 103%of remaining principal. <br /> The Lease will be structured as a tax-exempt municipal lease,with title in the Lessee's name and USBGLF holding a security <br /> interest in the equipment during the term.The lease is"triple-net"with the Lessee responsible for taxes,maintenance and <br /> insurance. Documentation will be provided by USBGLF,including(i)standard representations,warranties and covenants by the <br /> Lessee pertaining to the accuracy of information,organization, authority,essential use,compliance with laws,pending legal <br /> action,location and use of collateral,insurance,financial reporting and financial covenants;and(ii)standard USBGLF provisions <br /> pertaining to events of default and remedies available upon default. This offer is subject to the execution of all documentation by <br /> the Lessee within a reasonable time and in form and substance acceptable to Lessee,USBGLF and USBGLF's counsel,including <br /> terms and conditions not outlined in this Proposal. <br /> This Proposal is conditioned on there being no material adverse change in the financial condition of the Lessee. Additionally,the <br /> terms and conditions outlined herein are subject to final review and approval(including collateral and essential use review)by <br /> USBGLF's business,legal,credit,and equipment risk management personnel. <br /> Sincerely, <br /> Tasha _P>arreau. <br /> Tasha Barreau <br /> Vice President <br /> P: 303.330.4160 <br /> Email:tasha.barreau@Usbank.com <br /> bank® <br />