|
<br />PMT
<br />NO.
<br />
<br />1
<br />2
<br />3
<br />4
<br />
<br />8
<br />9
<br />10
<br />11
<br />12
<br />
<br />SCh ULE OF RENTAL PAYMENTS RE. rING
<br />TO VEHICLES/EQUIPMENT DESCRIBED ON EXHIBIT A, NUMBERED 1
<br />LESSEE YIELD: 7.30%
<br />
<br />Rental Payments and Option to Purchase Schedule
<br />
<br />PAYMENT
<br />DATE
<br />
<br />TOTAL
<br />PAYMENT
<br />
<br />PRINCIPAL
<br />COMPONENT
<br />
<br />12,387.11
<br />10,152.38
<br />10,337.66
<br />10,526.33
<br />10,718.45
<br />10,914.07
<br />11,113.26
<br />11,316.09
<br />11,522.61
<br />11,732.91
<br />11,947.04
<br />12,165.09
<br />
<br />$134,833.00
<br />
<br />INTEREST
<br />COMPONENT
<br />
<br />0.00
<br />2,234.73
<br />2,049.45
<br />1,860.78
<br />1,668.66
<br />1,473.04
<br />1,273.85
<br />1,071.02
<br />864.50
<br />654.20
<br />440.07
<br />222.02
<br />
<br />$13,812.32
<br />
<br />PURCHASE
<br />OPTION PRICE**
<br />
<br />126,569.05
<br />115,764.06
<br />104,824.00
<br />93,747.19
<br />82,531.92
<br />71,176.46
<br />59,679.05
<br />48,037.93
<br />36,251.29
<br />24,317.33
<br />12,234.18
<br />0.00
<br />
<br />** After payment of Rental paYment due opposite Purchase Option Price.
<br />
<br />06/15/92
<br />09/15/92
<br />12/15/92
<br />03/15/93
<br />06/15/93
<br />09/15/93
<br />12/15/93
<br />03/15/94
<br />06/15/94
<br />09/15/94
<br />12/15/94
<br />03/15/95
<br />
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />12,387.11
<br />
<br />In accordance with Section 4.1 of the Lease, the following is the period
<br />of the Original Term and each Additional Term.
<br />
<br />(a) the Commencement Date is June 15, 1992; (b) the Original Term is June 15,
<br />1992, through September 30, 1992, and (c) the Additional Term will be
<br />three terms: October 1, 1992 through September 30, 1993; October 1, 1993
<br />through September 30, 1994, and October 1, 1994 through March 15, 1995.
<br />
<br />$148,645.32
<br />
<br />City of San Marcos, Lessee
<br />
<br />by:
<br />
<br />~ ~ I,~~
<br />.. A'n .. . L~L.Pt
<br />La · ry B5G11le~
<br />City Manager
<br />
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