Lease Proposal - Lease Four (4) ToughBook Laptops for Water Works and Wastewater

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W Financial Services DELL FINANCIAL SERVICES LEASE PROPOSAL CITY OF SOUTH BEND March 3, 2020 Thank you for the opportunity to provide leasing information to you on the proposed acquisition of Dell product. Dell Financial Services (DFS) is a leasing institution fully integrated into Dell Computers' systems and operations allowing you to benefit from one stop shopping for all your hardware, software, peripherals, service, support, and financing needs. The lease quote provided below outlines only a few of the options available to you through DFS programs. If the information does not meet your needs, please let us know and we will work with you to tailor a lease program that does. Should the attached lease quote meet to your satisfaction, the next step is to issue a purchase order for the equipment. Please refer to the "Purchase Order" section and fax in your PO, Once your order(s) is entered by your Dell Hardware Representative, I will fax you the lease contract. It is the returned and signed lease contract that sends the orders into production. If you have any questions or comments, please don't hesitate to call me a512-724- 5095. Thank you for your interest in Dell Financial Services. Sincerely, Missy Totten Dell Financial Services LEASE PROGRAM: Quote # I Equipment 3000056892873,1 Latitude 12 Rugged Extreme 7214 1 Buyout Tax Exempt Lease Purchase I Total Unit Price $3,000.00 Qty, Amount Payment Lease Term Lease Rate Lease L.- - - - I Frequency I (months) I Factor I Payments 12,000.001I Annual 1 60 n 0.22859 1 $ 2,743.08 END OF LEASE OPTIONS: 1 BUYOUT LEASE OPTION Option available to lessee upon completion of the base lease term are as follows: Exercise the option to purchase the products for 1.00. LEASE QUOTE: The Lease Quote is exclusive of interim rental, shipping costs, maintenance fees, fling fees, licensing fees, property or use taxes, insurance premiums and similar items which shall be for Lessee's account. Lessee will pay Payments and all other amounts without set-off, abatement or reduction for any reason whatsoever. Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the appropriate taxing authorities If V2U are sales tax exetn t;, please fax a copy of your Exemption Certificate with the Lease Contract, PURCHASE ORDER: The Purchase Order will be made out to Dell Financial Services, One Dell Way, RR3 / MS8468, Round Rock, TX 78682. The Purchase Order will include the quote number, quantity and description of the equipment, Please be sure to indicate that the PO is for a lease order and shows the type of lease, the term length, and payment frequency. The date of the lease quote referenced should be included. Please be sure to include any applicable shipping costs as a line item. Please include your address as the SHIP TO destination. APPROPRIATION COVENANT: The Lease shall contain an appropriation of funds clause. The Lessee will covenant that it shall do all things legally within its power to obtain and maintain funds from which the payments may be paid and Lessee will not give priority or parity in the application of funds to any functionally similar equipment, DOCUMENTATION: Duly executed Agreement and other appropriate documents, including, opinions of counsel. UCC financing statements, audited financials and such other documentation as is reasonably requested by Lessor. PROPOSAL VALIDITY/APPROVALS: This is a proposal based upon market conditions and is valid fut jtk rd,a is subject to final credit approval, review of the economics of the transaction, and execution of mutually acceptable documentation,