Laserfiche WebLink
LEASE PROPOSAL <br /> <br /> Thc cnclosed proposal Exhibits (I) and (2) contain additional information <br /> regarding this proposal and are incorporated herein bY reference. If thc <br /> terms are mutually satisfactory, they will be incorporated in a Lease <br /> Agreement which will be executed by thc parties. <br /> <br /> The lease proposal is as follows: <br /> <br /> 1. LESSEE: Cabarrus County, North Carolina <br /> <br /> 2. LESSOR: First Union National Bank or its nominee. <br /> <br /> 3. EQUIPMENT, LEASE TERM AND LEASE PAYMENT: See attached Exhibits. <br /> <br />4. T. YPE.OF LEASE: The lease will be structured in accordance with NCGS <br /> 160A-20 and will bo a net lease whereby the Lessee will be responsible <br /> for all expenses related directly or indirectly to thc usc of thc <br /> equipment including maintenance, taxes, insurance coverage, gtc. <br /> <br />Should our proposal be acceptable in principal, please sign, seal and date <br />this document in thc space provided below and return it to us as an <br />indication of your acceptance. Please return this document as soon as <br />possible. As is our standard practice, this proposal is subject to final <br />approval by our Pricing and Credit Committee. <br /> <br />FIRST UNION NATIONAL BANK ACCEPTED EXHIBIT NO. I__ and 2_ <br /> <br />n Cabarrus County, North Carolina (Seal) <br /> By: <br />Ass'ist~nt Vice President <br />Public Finance Title: <br /> <br /> Date: <br /> <br />THIS PROPOSAL SHALL EXPIRE ON November I0, 1989 UNLESS ACCEPTED <br />BY LESSEE PRIOR TO THAT DATE. <br /> <br /> <br />