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PURCHASE PROPOSAL FACT SHEET <br /> Freeman-Spicer Property <br /> Purchase Price - $480, 000 . 00 <br /> (original price was $550, 000 . 00) <br /> Financing Instrument: Land Contract Purchase <br /> Interest Rate: 8% APR <br /> Term of Agreement: 10 YRS with monthly payments <br /> ADVANTAGES: <br /> 1. City maintains ability to display collection. <br /> 2. City keeps options open as to location of <br /> permanent home. <br /> 3. City can be released from its contractual <br /> obligation after first three (3) years <br /> 4. City' s additional cash outlay (minimal) approxi- <br /> mately - $850. 00/month. <br /> 5/8/85 <br /> caw <br />