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HomeMy WebLinkAboutContracts & Agreements_228-2007_CCv0001.pdf Caterpitlar Financial Services Corporation Finance Proposal CUSTOMER Name: CITY OF REDLANDS ~ Address ...................... P.O.BOX 3005 Good if: City .... .. ................ ...... REDLANDS Acknowledged by ............ Jan-[9-o8 State ................................... CA Funded by .................. Dec-31-07 Zip code ......................... 92373-1505 County .......... ........ SAN BERNARDINO D E A L E R Dealer: Quote N ......................... 120-41€71 JOHNSON MACHINERY CO. Fax number Salesperson Quote date ...................... H/19!2007 Phone number Quote time .................. .... 11:16:37 FINANCE PROPOSAL —_ This is Caterpillar Financial Services Corporation's confirmation of the following finance proposal."Chis is a proposal only and is subject to credit approval,exceu(ion of documentation.and execution.and approval of the application survey. Financing type ................... Governmental Quoted by .................. Number of payments 60 Monthly Payments ........................ in Advance Ann, Down Amount Fixed Model Hours Qty Sale Price Payment Financed Payment Balloon Rate New D7R1IXR 1500 1 414,026.00 — 0.00 414,376.00 Amort.sch. 98,752.00 4.8500 CONDITIONS SaleVUselProperty taxes: Lessee's responsibility(May not be included in the above payment amount). ln.surance: Insurance is the responsibility of the Borrower or Lessee.Physical damage coverage is required on all equipment whether financed or leased.On leased equipment,general liability coverage,minimum $1,000,000 per occurrence is required. Please note: 1) This finance proposal is acceptable only Jr.its entirety and is subject to final credit approval by Caterpillar Financial Services Corporation. 2) Equipment cannot be delivered u*til documents are executed by Caterpillar Financial Services Corporation. 3) Equipment must reside in USA at all times. We.appreciate(lie opportunity to provide you a proposal for this transaction. Proposed by: Acknowledged by: 12-18-07 Caterpillar Financial Services oration Y OF RE:DLA. )S Date Jon Harrison, Mayor ATTEST: Lo ie Po y , City Clerk Cat Quote Software 8.91 120-4871 Page I Caterpillar Financial Services Corpor;�aaon EXHIBIT 2 Concluding Payment Schedule to Governmental Agreement Dated _- ,2t1--_._-- betwe,e�en Caterpillar Financial Services Corporation and CITY OF REDLANDS Description of Unit: 1 Caterpillar D7RIIXR Number of Payments Beginning Payment Interest Concluding Date Made Balance Amount 4.85000% Payment(rt) Dec-ll-07 1 414,376.00 32,482.56 0.00 381,893.44 Jan-11-08 2 381,893.44 5,808.66 1,543.49 377,62.8.27 Feb-11-08 3 377,628.27 5,808.66 1,526,25 373,345.86 Mar-11-08 4 373,345.86 5,808.66 1,508.94 369,046.14 Apr-11-08 5 369,046.14 5,808.66 1,491.56 364,729.04 May-11-08 6 364,729.04 5.8118.66 1,474.11 360,394.49 Jun-11-08 7 360,394.49 5,808.66 1,456.59 356,042.42 Jul-11-08 8 356,042.42 5,808.66 1,439.00 351,672.76 Aug-II-08 9 351,672.76 5,808.66 1,421.34 347,285.44 Sep-I1-08 10 347,285.44 5,808.66 1,403.61 342,890.39 Oct-I1-08 11 342,880.39 5,808.66 1,385.81 338,457.54 Nov-11-08 12 338,457.54 5,808.66 1,367.93 334,016.81 Dec-I1-08 13 334,016.81 5,808.66 1,349,98 329,558.13 Jan-11-09 14 329,558,13 5,808.66 1,331.96 325,081.43 Feb-11-09 15 325,081.43 5,808.66 1,313.87 320,586.64 Mar-11-09 16 320,586.64 5,808.66 1,295.70 316,073.68 Apr-11-09 17 316,073.68 5,808.66 1,277.46 311,542.48 May-11-09 18 311,542.48 5,808.66 1.259.15 306992.97 Jun-I1-09 19 306,992.97 5,808.66 1,240.76 302,425.07 Jul-11-09 20 302,425-07 5,808.66 1,222.30 297,838.71 Aug-I1-09 21 297,838.71 5,808.66 1,203.77 293.233.82 Sep-11-09 22 293,233.82 5,808.66 1,185.15 288,610.31 Oct-11-09 23 288,610.31 5,808.66 1,166,47 283,968.12 Nov-11-09 24 283,968.12 5,808.66 1,147.70 279,307.16 Dec-11-09 25 279,307.16 5,808.66 1,128.87 274,627.37 Jan-11-10 26 274,627.37 5,808.66 1,109.95 269.928.66 Feb-11-10 27 269,928.66 5,808.66 1,090.96 265,210.96 Mar-I1-10 28 265,210.96 5,808.66 1,071.89 2150,474.19 Apr-11-10 29 260,474.19 5,808.66 1,052.75 255,718.2.8 May-11-10 30 255,718.28 5,808.66 033.53 250.943.15 Jun-ll-10 31 250,943.15 5,808.66 4,014.23 246,148.72 Jul-I1-1€) 32 246,148.72 5,808.66 994.85 241334.91 Aug-11-10 33 241,334.91 5,808.66 975.40 236,501.65 Seta-ll-JO 34 236,501.65 5,808.66 955.86 231,648.85 Oct-11-10 35 231,648.85 5,808.66 936.25 226,776.44 Nov-11-10 36 226,776.44 5,808.66 916.56 221,884.34 Dec-11-l0 37 221,884.34 5,808.66 896.78 216,972.46 Jan-11-11 38 216.972.46 5,808.66 876.93 212,040.73 Feb-11-11 39 212,040.73 5,808.66 857.00 207,089.07 Mar-11-11 40 207,089.07 5,808:66 836.99 202,117-40 Apr-11-1 1 41 202,117.40 5,808.66 816.99 197,125.63 May-11-11 42 197,125.63 5,808.66 796.72 192,113.69 Jun-]1-11 43 192,1 13.69 5,808.66 776.46 187,081.49 Jul-II-I1 44 187,081.49 5,808.66 756.12 182,028.95 Aug-11-11 45 182,028.95 5,808.66 735.70 176955,99 Sep-11-I1 46 176,955.99 5,808.66 715.20 171,862.53 Oct-Il-11 47 171,862.53 5,808.66 694.61 166,748.48 Nov-Il-1l 48 166,748.48 5,808.66 673.94 161,613.76 Dec-11-11 49 161,613.76 5,808.€56 653.19 156,458.29 Jan-II-12 50 156,458.29 5,808.66 632.35 151,281.98 Feb-11-12 51 151,281.98 5,808.66 611.43 146,084.75 Mar-11-12 52 146,084.75 5,808.66 590.43 140,866.52 Apr-11-12 53 140.866.52 5,808.66 569.34 135,627.20 May-41-12 54 135,627.20 5,808.66 548.16 130,366.70 Jun-1.1-12 55 130,366.70 5,808.66 526.90 125,084.94 Jul-ll-12 56 125,084.94 5,808.66 505.55 119,781.83 Aug-11-12 57 119,781.83 5,808.66 484.12 114,457,29 Cat Quote Software 8.91 120-4871 Page I Calerpillar Financial,Services Corporation EXHIBIT 2 Concluding Payment Schedule to Governmental Agreement Dated2U-_-- between Caterpillar Financial Services Corporation and CITY OF REDLANDS Description of Unit: I Caterpillar D7RIIXR Number of Payments Beginning Payment Interest Concluding Date Made Balance Amount 4.85000% Payment(*) Sep-11-12 58 114,457.29 5,808.66 462.60 109,111.23 Oct-11-12 59 109,111.23 5,808.66 440.99 103,743.56 Nov-II-12 60 103,743.56 5,808.66 419.30 98,354.20 Dec-ll-t2 61 98,3.54.20 98,752.00 397.80 0.00 'r 0 T A L 473,945.50 59,569.50 M Does not include any rent payment or other amount then dice. Initialed: S e) Cat Quote Software 8.91 120-4871 Pag 2 Caterpillar Financial Services Corporation