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irar Hfid wWa L ft t* Co po Wim <br />01 North Main $,me, <br />nNaoan- ,�rtlena, Nenh COWMW 27130 <br />'191770.660 <br />. <br />FIRS!' <br />WKM" <br />.pril 22, 1990 <br />r. Ken Chavious <br />inance Director <br />range County <br />. 0. Box 8181 <br />illaborough, NC 27278 <br />ear Ken: <br />a conjunction with the recommendation of Charles Wartman, First Wachovia <br />easing Corporation is pleased to present the following commitment to lease <br />quipment to Orange County.Thie commitment will expire in 60 days from the <br />ate hereof, and is subject to Orange County maintaining a condition <br />atisfactory to First Wachovia. The details of our are as follows; <br />Equipment: Northern Telecomm Telephone System and <br />.Emergency Support Vehicle <br />Equipment Cost: $417,200.00 <br />Term: A. 59 Months <br />B. 20 Quarters <br />Payments: A. Monthly, in advance, plus <br />applicable taxes. <br />B. Quarterly, in advance, plus <br />applicable taxes. <br />Rate /Rental: A. 7.38 % /$ 8,401.31 <br />B. 7.382/$24,679.20 <br />Purchase Option: $1.00 <br />Documentation: To First Wachovia's satisfaction <br />including: <br />1•) Letter from Counsel authorizing <br />the County's participation in <br />the Lease. <br />2.) Addendum to Lease addressing: <br />a.) fiscal funding cancellation <br />provisions; <br />