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a rol <br /> Financial Services <br /> June 3, 2016 <br /> Ramsey, MN <br /> Re: ProjectDox Software Subscription Lease Option <br /> We are pleased to offer the following budgetary lease-purchase proposal which would allow the City to <br /> bundle the implementation cost and subscription license fees into one annual payment: <br /> Lessor: Government Capital Corporation' <br /> Lessee: City of Ramsey <br /> Project Description: ProjectDox subscription and implementation services <br /> Pricing estimate: $ 105,000 Five year pre-paid subscription license fee and all services <br /> Term 5 Years <br /> Annual Lease Payments: 24,642.05 <br /> Payments commence: 11/15/2016 <br /> The above terms are subject to underwriting and mutually acceptable documentation. Terms subject to <br /> change should funding occur more than thirty(30)days from proposal date. Other terms and conditions <br /> apply. Sample documents are available upon request. <br /> Thank you for the opportunity to serve your community. <br /> Sincerely, <br /> Edward L. King <br /> Government Capital Corporation, underwriter <br /> (817) 722-0236 Direct <br /> ' Government Capital serves as administrator of Avolve Financial Services <br /> The transaction described herein is an arm's length,commercial transaction between you and Government Capital Corporation("GCC'),in which GCC:(i)is acting <br /> solely for its own financial and other interests that may differ from yours;(ii)is not acting as your municipal advisor or financial advisor,and has no fiduciary duty to <br /> you with respect to this transaction;and(iii)is not recommending thatyou take an action with respect to this transaction. <br />