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First Union National Bank 2 <br /> of North Carolina <br /> First Union Plaza <br /> Charlotte, North Carolina 28288 <br /> � N <br /> March 5, 1990 <br /> Mr. Ken Chavius <br /> Finance Director <br /> Orange County <br /> 109 Court Street <br /> Hillsborough, North Carolina 27278 <br /> Dear Ken: <br /> On behalf of First Union National Bank, please accept my thanks for the <br /> opportunity to submit a proposal to assist Orange County in its acquisition of <br /> telephone equipment and a hazardous materials truck. First Union is actively <br /> interested in supporting the County in this endeavor, and as such, we are well <br /> prepared to help you meet your needs. <br /> The rate and payment factors contained within our proposal are effective for <br /> fundings accomplished within the next thirty days. Upon your acceptance of <br /> our proposal and final credit approval, we will issue a commitment on the rate <br /> and terms established therein. To the extent that interest rates are stable, <br /> we will endeavor to hold the identified rate and payment factor beyond thirty <br /> days if a commitment cannot be made prior to the proposal expiration date. . <br /> Thanks again, Ken, for your time and consideration in this matter. As you <br /> review our proposal, don't hesitate to contact me at 704-374-4976 should you <br /> have any questions. I look forward to hearing from you soon. <br /> Sincer y, <br /> C�eJ <br /> P. Scott Nagelson <br /> Public Finance <br /> 1p <br />