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Lease Financing Agreement for Mobile Hardware Lease of Thirty (30) iPads, Three (3) iPad Minis, and Seven (7) Surface Tablets with Docks and Keyboards – AT&T Capital Services, Inc.
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Lease Financing Agreement for Mobile Hardware Lease of Thirty (30) iPads, Three (3) iPad Minis, and Seven (7) Surface Tablets with Docks and Keyboards – AT&T Capital Services, Inc.
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4/9/2025 9:00:34 AM
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2/12/2020 10:19:19 AM
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Board of Public Works
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Contracts
Document Date
2/11/2020
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AT&T <br />Business <br />THE CITY OF SOUTH BEND, INDIANA <br />227 WEST JEFFERSON BLVD. <br />SOUTH BEND, IN 46601 <br />Opportunity #: 1-105414848 <br />AT&T Capital Services, Inc. <br />Kelly Poole <br />220 N Meridian, Room 770 <br />Indianapolis, IN 46204 <br />Direct: (317) 822-8863 <br />Email: kp3251@att.com <br />January 31, 2020 <br />AT&T Capital Services, Inc. is pleased to provide a proposal for the lease of the equipment and/or services as submitted to us. The <br />proposed lease terms are as follows: <br />NOTE: AT&T EQUIPMENT/SERVICES CONTRACT IS REQUIRED BEFORE ORDER CAN BE PROCESSED. <br />Paynnent Option: 36 Months, Muni 93 Buvout <br />Equipment <br />Qty <br />Cost/Each <br />Total Cost <br />Lease Rate <br />Monthly <br />Monthly <br />Initial <br />Description <br />Factor <br />Payment <br />Payment/Unit <br />Option <br />iPad 7th Gen 32GB <br />30 <br />$359.99 <br />$10,799.70 <br />0.02996 <br />$323.56 <br />$10.79 <br />iPad Mini 5th Gen 64GB <br />3 <br />$429.99 <br />$1,289.97 <br />0.02996 <br />$38.65 <br />$12.88 <br />MS Surface Pro LTE 8GB <br />7 <br />$1,439.00 <br />$10,073.00 <br />0.02996 <br />$301.79 <br />$43.11 <br />MS Surface Pro LTE <br />7 <br />$129.99 <br />$909.93 <br />0.02996 <br />$27.26 <br />$3.89 <br />Keyboard <br />MS Surface Dock <br />7 <br />$189.99 <br />$1,329.93 <br />0.02996 <br />$39.84 <br />$5.69 <br />Amount Requested: $24,402.53 <br />Rates quoted are for commercial leases only. <br />Subject to execution of Mutually Acceptable Documentation. <br />Quoted Lease Payments Exclude Any Applicable Taxes. <br />Payments may be indexed up until lease commencement. <br />Customer agrees to allow AT&T Capital Services, Inc. to file UCC Financing Statements. <br />Credit Approval will be withdrawn 120 days following the date of this letter if the lease has not commenced. <br />Approval is pending verification of corporate name and final verification of credit information. <br />Shipping Charges are not included in Data Equipment. <br />$250.00 processing fee for lease cancellation prior to commencement if PO is issued. <br />Lessee's failure to execute mutually acceptable documentation relative to this lease within ninety (90) days of the <br />lessee's first functional use of the system will result in this lease converting to cash. <br />End gf Lease Options <br />$1 Purchase Option <br />Customer purchases the equipment for $1 at the end of the lease term„ <br />Thank you for this leasing opportunity. I am looking forward to working with you. <br />Sincerely, <br />AGREED TO AND ACCEPTED BY,, <br />Kelly pCole, THE CITY OF SOUTH BEND, INDIANA <br />Name: <br />AT&T Capital Services, Inc. Title: w, ql^p o <br />f PlAlk <br />Date: <br />
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