May 31, 2026
July 01, 2026
Re: Tax Exempt Municipal Lease Proposal
Dear Sir or Madam:
LESSEE: City of Lancaster, CA LESSOR: Lease Servicing Center, Inc. dba NCL Government Capital EQUIPMENT: 900 ECO 12 Yard Combination Sewer Cleaner EQUIPMENT COST:
DOWN PAYMENT / TRADE-IN $0
AMOUNT FINANCED:
5/21/2026
EQUIPMENT DELIVERY DATE:
7/22/2026
TERM: 5 Years
4 @ $88,927.16
PRICING:
DOCUMENTATION FEE: $500 paid to Lessor at closing DOCUMENTATION:
Sunday, May 31, 2026
$643,375.93
May 19, 2026 Wednesday, July 1, 2026
ANNUAL LEASE PAYMENTS:
FUNDING DATE:
Lease Servicing Center, Inc. dba NCL Government Capital (“NCL”) is pleased to propose to City of Edinburg the following Tax Exempt Municipal Lease transaction as outlined below. Under this transaction, City of Edinburg would enter into a Tax Exempt Municipal Lease agreement with NCL for the purpose of acquiring a Volvo Construction Equipment . This transaction is subject to formal review and approval by both the Lessor and Lessee.
The Rates and Payments outlined above are locked, provided this proposal is accepted by the Lessee by May 31, 2026 and the transaction closes/funds prior to July 01, 2026. After these days, the final Rate and Payments shall be adjusted commensurately with market rates in effect at the time of funding and shall be fixed for the entire lease term.
$643,375.93
Lessor shall provide all of the documentation necessary to close this transaction. This documentation shall be governed by the laws of the State of lessee.
FIRST PAYMENT DUE:
1 @ $350,000.00
220 22nd Ave. E Suite 106 * Alexandria, MN 56308 * Telephone 320 763 7600 * Fax 320 763 9600 www.nclgovcap.com
TITLE / INSURANCE:
TAX STATUS:
SOURCEWELL CONTRACT:
Sincerely,
ACCEPTANCE
ACCEPTED: DATE:
NAME: TITLE:
PHONE:
[email protected]
Jake Ost -(866) 763-7600
WE ARE PROVIDING THE INFORMATION CONTAINED HEREIN FOR INFORMATIONAL PURPOSES ONLY IN CONNECTION WITH POTENTIAL ARMS-LENGTH COMMERCIAL BANKING TRANSACTIONS. IN PROVIDING THIS INFORMATION, WE ARE ACTING FOR OUR OWN INTEREST AND HAVE FINANCIAL AND OTHER INTERESTS THAT DIFFER FROM YOURS. WE ARE NOT ACTING AS A MUNICIPAL ADVISOR OR FINANCIAL ADVISOR TO YOU, AND HAVE NO FIDUCIARY DUTY TO YOUR OR ANY OTHER PERSON PURSUANT TO SECTION 15B OF THE SECURITIES EXCHANGE ACT OF 1934. THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED TO BE AND SHOULD NOT BE CONSTRUED AS "ADVICE" WITHIN THE MEANING OF SECTION 15B OF THE SECURITIES EXCHANGE ACT OF 1934 AND THE MUNICIPAL ADVISOR RULES OF THE SEC. WE ARE NOT RECOMMENDING THAT YOU TAKE AN ACTION WITH RESPECT TO THE INFORMATION CONTAINED HEREIN. BEFORE ACTING ON THIS INFORMATION, YOU SHOULD DISCUSS IT WITH YOUR OWN FINANCIAL AND/OR MUNICIPAL, LEGAL, ACCOUNTING, TAX AND OTHER ADVISORS AS YOU DEEM APPROPRIATE. IF YOU WOULD LIKE A MUNICIPAL ADVISOR THAT HAS LEGAL FIDUCIARY DUTIES TO YOU, THEN YOU ARE FREE TO ENGAGE A MUNICIPAL ADVISOR TO SERVE IN THAT CAPACITY.
Lessee shall retain title to the equipment during the lease term. Lessor shall be granted a perfected security interest in the equipment and the Lessee shall keep the equipment free from any/all liens or encumbrances during the term. Lessee shall provide adequate loss and liability insurance coverage, naming Lessor as additional insured and loss-payee.
This transaction must be designated as Tax-Exempt under Section 103 of the IRS code of 1986 as amended.
We appreciate this opportunity to offer an NCL Financing Solution. Please do not hesitate to contact me if you have any questions at (866) 763-7600. Acceptance of this proposal is required prior to credit underwriting by NCL. Upon acceptance of this proposal, please scan and e-mail to my attention. Thank you again.
As a duly authorized agent of City of Edinburg, I hereby accept the terms of this proposal as outlined above and intend to close this financing with NCL, subject to final approval.
NCL has been competitively bid and awarded a contract through Sourcewell (Formerly NJPA). NCL's Sourcewell Contract # is 092424-NCL.#092424-NCL
220 22nd Ave. E Suite 106 * Alexandria, MN 56308 * Telephone 320 763 7600 * Fax 320 763 9600 www.nclgovcap.com
220 22nd Ave. E Suite 106 * Alexandria, MN 56308 * Telephone 320 763 7600 * Fax 320 763 9600 www.nclgovcap.com