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inanCi y Services
<br />DELL FINANCIAL SERVICES LEASE PROPOSAL
<br />City of La Porte
<br />September 21, 2011
<br />Thank you for the opportunity to provide leasing information to you on the proposed acquisition of Dell products. Dell Financial Services
<br />(DFS) is a leasing institution fully integrated into Dell Computers' systems and operations allowing you to benefit from one stop shopping
<br />for all your hardware, software, peripherals, service, support, and financing needs.
<br />If you have any questions or comments, please don't hesitate to call me at 800 - 955 -3355 ext. 7245095.
<br />Thank you for your interest in Dell Financial Services.
<br />Sincerely,
<br />Missy Totten
<br />Dell Financial Services
<br />LEASE PROGRAM: Fair Market Value
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<br />598019860
<br />Latitude E6420
<br />$ 2,293.30
<br />16
<br />$ 36,692 80
<br />Annual
<br />36
<br />$ 11,286.71
<br />598187125
<br />Latitude E6520
<br />$ 1,376.19
<br />28
<br />$ 38,533.32
<br />Annual
<br />v6
<br />$ 11,328.80
<br />598187515
<br />Optiplex 790
<br />$ 843.50
<br />89
<br />$ 75,071.50
<br />Annual
<br />S
<br />$ 22,071.02
<br />597983237
<br />Latitude E6420
<br />$ 2,293.20
<br />1
<br />$ 2,293.20
<br />Annual
<br />v6
<br />$ 714.33
<br />$ 152,590.82 Property Management Fee: $ 3,398.81
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<br />LESSEE: City of La Porte
<br />LESSOR: Dell Financial Services LLC, and /or its successors and assigns.
<br />END OF LEASE OPTIONS:
<br />Fair Market Value
<br />Options available to lessee upon completion of the base lease term are as follows:
<br />1) Exercise the option to purchase the products for its then fair market value.
<br />2) Return all products to lessor at lessee's expense. Or 3) Renew the Lease on a fair market renewal basis.
<br />LEASE QUOTE: The Lease Quote is exclusive of shipping costs, maintenance fees, filing fees, licensing fees, property or use taxes, insurance
<br />premiums and similar items which shall be for Lessee's account. Lessee will pay Payments and all other amounts without set -off, abatement
<br />or reduction for any reason whatsoever. Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the
<br />appropriate taxing authorities. If you are sales tax exempt please fax a copy of your Exemption Certificate with the Lease Contract.
<br />PURCHASE ORDER: The Purchase Order will be made out to Dell Financial Services, One Dell Way, RR3 Box 8405, Round Rock, TX 78682.
<br />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
<br />lease order and shows the type of lease, the term length, and payment frequency. The date of the lease quote referenced should be included.
<br />Please be sure to include any applicable shipping costs as a line item. Please include your address as the SHIP TO destination.
<br />INSURANCE: The risk of loss on the Equipment is borne solely by the Lessee. Lessee shall be required to purchase and maintain during the
<br />Term (i) comprehensive public liability insurance naming Lessor as additional insured; (ii) "all- risk” physical damage insurance in a minimum
<br />amount of the Purchase Price, naming Lessor as first loss payee; and, (iii) workmen's compensation insurance.
<br />APPROPRIATION COVENANT: The Lease shall contain an appropriation of funds clause. The Lessee will covenant that it shall do all things
<br />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
<br />application of funds to any functionally similar equipment.
<br />DOCUMENTATION: Duly executed Agreement and other appropriate documents, including, opinions of counsel, UCC financing statements,
<br />audited financials and such other documentation as is reasonably requested by Lessor.
<br />PROPOSAL VALIDITY /APPROVALS: This is a proposal based upon market conditions and is valid for 30 days, is subject to final credit
<br />approval, review of the economics of the transaction, and execution of mutually acceptable documentation.
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