USBGLF MARICOPA OET INSIGHT PROPOSAL 20150515.PDF

Government Leasing and Finance
May 15, 2015
Maricopa County
Attn: Finance Director
At your request, U.S. Bancorp Government Leasing and Finance, Inc. (“USBGLF”) has prepared for your consideration the following proposal
for financing (“Proposal”). This is only a proposal and does not represent a commitment by U.S. Bancorp Government Leasing and
Finance, Inc.
Customer: Maricopa County, AZ
Lessor: U.S. Bancorp Government Leasing and Finance, Inc.
PROPERTY: VMWare
EXPIRATION: July 1, 2015
LEASE
Amount Rate Payments Factor Pmts / Year Term Adv. / Arr.
QUOTE:
2,959,138.19 2.11% 1,007,873.00 0.3405968 1 24 Months Arrears
(see attached payment table)
Notes: There are no fees associated with this offer including the establishment and use of a U.S. Bank, N.A. escrow account should one
be required.
The Lease will be structured as a tax-exempt municipal lease, with title in the Lessee’s name and USBGLF holding a security interest in the
equipment during the term. The lease is “triple-net” with the Lessee responsible for taxes, maintenance and insurance. Documentation will be
provided by USBGLF, including (i) standard representations, warranties and covenants by the Lessee pertaining to the accuracy of information,
organization, authority, essential use, compliance with laws, pending legal action, location and use of collateral, insurance, financial reporting
and financial covenants; and (ii) standard USBGLF provisions pertaining to events of default and remedies available upon default. This offer is
subject to the execution of all documentation by the Lessee within a reasonable time and in form and substance acceptable to Lessee, USBGLF
and USBGLF’s counsel, including terms and conditions not outlined in this Proposal.
This Proposal is conditioned on there being no material adverse change in the financial condition of the Lessee. Additionally, the terms and
conditions outlined herein are subject to final review and approval (including collateral and essential use review) by USBGLF’s business, legal,
credit, and equipment risk management personnel.
Sincerely,
Thomas E. Seybold
Thomas E. Seybold
Vice President
ACCEPTANCE:
By accepting this Proposal, Lessee acknowledges that this Proposal does not represent a commitment to provide financing but only outlines general terms and
conditions of the USBGLF’s financing program currently available to qualified lessees.
ACCEPTED BY:
Name / Title
dated:
usbank.com

Government Leasing and Finance
Payment Table
(assumes closing 07/01/2015)
Prepayment
Date Payment Interest Principal Balance
Loan 7/1/2015
1 8/1/2015 1,007,873.00 5,209.34 1,002,663.66 2,015,168.77
2 7/1/2016 1,007,873.00 38,221.71 969,651.29 1,016,427.94
3 7/1/2017 1,007,873.00 21,049.76 986,823.24 0.00
Grand Totals 3,023,619.00 64,480.81 2,959,138.19
usbank.com