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• 410 . <br /> . w <br /> lU <br /> �. first onaisieipal leasing corporation <br /> 7801 EAST IELLEWEW/ENGLEWOOD, COLORADO J0710/PHONE(30 771.1 <br /> - - <br /> Aovember 15, 1973 e"i""'a o� <br /> 1170 MUNN lIM T ma. <br /> WASNN►oTaM,o.c seM <br /> TIMM NS CM asaeo <br /> rtr. Dennis R. Hunger <br /> Louisville Chief of Police <br /> 749 Hain Street <br /> Louisville, Colorado 80027 <br /> Dear :4r. Munger: <br /> FIRST MUNICIPAL. LEASING CORPORATION is pleased to commit on the <br /> financing for four vehicles to be used by the Louisville Police <br /> Department. <br /> Based upon an estimated cost of $13,000, First Municipal Leasing <br /> Corporation submits the following alternatives; schedules have been <br /> attached to review total cost. <br /> 1-year term - $1,141.40 per month <br /> 2-year term - $598.39 per month <br /> We can also offer quarterly or semiannual payments and terms other <br /> than one or two years. <br /> As you are aware from past experience with First Municipal Leasing <br /> Corporation, with our lease documentation approved by recognized bond <br /> counsel. . . . <br /> (1) There are no prepayment penalties; the City may pay <br /> the lease off at any time at no additional cost. <br /> (2) There are no option to purchase costs of 5%, 10%, etc. <br /> at the end of the lease term. The city automatically <br /> owns the vehicles with the last regular payment <br /> (3) No down payment is required in advance of delivery of <br /> the vehicles. <br /> We at First Municipal Leasing Corporation appreciate our past business <br /> with the City of Louisville and look forward to the opportunity of <br /> working with the City again on acquiring these vehicles. <br /> Sincerely, <br /> FIRST MUNICIPAL LEASING CORP. <br /> .-gteedte)214"rL <br /> Ellen Swoverland <br /> For Jack TerBorg, President <br />