HomeMy WebLinkAboutContracts & Agreements_43-2025Modification Agreement CA
Contract Number: 001-70153846 Financial
SELLER (we):
CATERPILLAR FINANCIAL SERVICES CORPORATION
2120 West End Avenue
Nashville, TN 372.03
Phone: (800) 651- 0567
Fax: (615) 321- 8486
Email: Customer.Solutions@CAT.com
Date: 02/06/2025
Prepared by: Wesley McIntyre
Contract(s): 001-70153846
BUYER (you):
CITY OF REDLANDS
P.O. BOX 3005
REDLANDS, CA 92373-1505
Per your request, we will modify the repayment terms on your contract(s) per the attached Scheduie(s). (The attached Schedule cannot
be used for payoff purposes). This modification may increase your future payments. All other terms and conditions of the original
agreement(s) and any amendment(s) remain in full force and effect. This Modification Agreement will be effective when all required
conditions have been met and it has been signed by both parties.
You consent and agree to our use of an electronic signature or stamp. Any such electronic signature or stamp will have the same
binding effect as a written signature. You also consent and agree to receive this Modification Agreement by electronic delivery.
Please note that document(s) received more than three (3) business days after the above date may be voided and the
approval cancelled.
ADDITIONAL TERMS AND CONDITIONS
Insurance & Sales, Use, and Property Taxes (if applicable): All insurance and taxes are your responsibility during the modification
period(s) and may not be included in the payment amount on the attached Schedule.
CAT Insurance Customers: Any loan modification does not affect your CAT Insurance. Your CAT Insurance premiums are still due. CAT
Insurance offers coverage through your original loan term unless and until you renew or cancel the insurance.
Name (Print)
Title
Date
US Modification Agreement
Name (Print) Mario Saucedo
Title
Date
Mayor
3-11-zs
Caterpillar: Confidential Green
Amortization Schedule
Contract Number:
001-70153846
Customer Name:
CITY OF REDLANDS
Customer Number:
2050761
Tenor:
60 Months
Financed Amount:
1,196,600.35
Equipment Cost:
1,100,322.16
Interest Rate:
6.99%
Period Date
Payment
Interest
Principal
Principal
Amount
Balance
1 09/10/2024
272,683.42
0.00
272,683.42
923,916.93
2024 Total
272,683.42
0.00
272,683.42
2 09/10/2025
272,683.42
63,052.93
209,630.49
714,286.44
2025 Total
272,683.42
63,052.93
209,630.49
3 09/10/2026
272,683.42
50,382.24
222,301.18
491,985.26
2026 Total
272,683.42
50,382.24
222,301.18
4 09/10/2027
272,683.42
34,842.86
237,840.56
254,144.70
2027 Total
272,683.42
34,842.86
237,840.56
5 09/10/2028
272,784.42
18,639.72
254,144.70
0.00
2028 Total
272,784.42
18,639.72
254,144.70
Grand Total:
1,363,518.10
166,917.75
1,196,600.35
This document is system generated and does not need any signature.