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JYMorgan <br /> City of Pleasanton <br /> Tax-Exempt Bank Qualified Municipal Lease Purchase <br /> Summary of Terms and Conditions <br /> This Summary of Terms and Conditions (the "Term Sheet") has been approved by the appropriate <br /> business and credit authorities within the Bank. The extension of credit has been approved subject only to <br /> acceptable completion of final documentation. <br /> TRANSACTION SUMMARY <br /> Lessee: City of Pleasanton,CA("Lessee") <br /> Lessor: JPMorgan Chase Bank, N.A. or any affiliate of JPMorgan Chase Bank, N.A_, its <br /> successors andlor assigns ('JPMorgan Chase"I"Lessor'/or"Bank"). <br /> Transaction: Fixed-rate,fully amortizing,tax-exempt lease-purchase agreement(-Agreement-). <br /> Appropriation: This Agreement shall be subject to annual appropriation. <br /> Use of Proceeds: To finance one (1)Pierce Enforcer GPM Pumper—Type 1 Fire Engine, and other <br /> essential equipment,the legal title of which will vest with Lessee during the term of <br /> the Agreement.All equipment proposed for financing will be subject to final review <br /> and acceptance by Lessor prior to closing. <br /> Financing Amount: Estimated amount of up to$1,237,932 <br /> Financing Term: Option 1) Five(5)Years <br /> Option 2) Seven(7)Years <br /> Option 3) Ten(10)Years <br /> Payment I Frequency: Option A: <br /> Interest-only payments for eighteen (18) months, followed by equal semi-annual <br /> payments of principal and interest in arrears. <br /> Option B: <br /> Semi-annual payments in arrears. <br /> This proposal assumes that Lessee will not issue more than$10 million in tax- <br /> Bank Qualified: exempt obligations this calendar year and that the Lessee will designate this <br /> lease as a"qualified"tax-exempt obligation. <br /> 560 Mission St, Floor 20 San Francisco. CA 94105 <br /> Office I Cell (925)212-1065 1 rebecca.a.lowe@jpmorgan.com <br /> JPMorgan Chase Bank, N.A. <br />