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eGOLF CLUB <br /> Owned & Operated by Indian River County <br /> 5300 73rd Street Vero Beach , FL 32967 ( 772 ) 770 - 5000 <br /> Fax ( 772 ) 770 - 5109 <br /> CitiCapital Commercial Corporation <br /> 8001 Ridgepoint Drive <br /> Irving , TX 7506M117 <br /> Gentlemen : <br /> RE : Equipment Lease- Purchase Proposal <br /> I am furnishing the following information to facilitate the credit review process for the proposed <br /> Equipment Lease- Purchase transaction . <br /> A detailed explanation of the use and application of the equipment is as follows : <br /> For golfers use to carry their clubs while playing on the golf course <br /> The equipment is essential to the organization for the following reasons : <br /> Strong revenue source <br /> This equipment replaces previous equipment: No Yes x <br /> If yes , the previous equipment was originally purchased in 19 98 <br /> Other equipment being used for the same purpose consists of: N / A <br /> The useful life of the equipment in the operation of the department is : 6 _ 10 years depending <br /> The future plans for the equipment are : on care . <br /> Golfer ' s use for carrying golf clubs on the golf course . <br /> The program/department has been in operation for 18 years , <br /> The source of funds for the payments due under the Equipment Lease- Purchase Agreement <br /> for the current fiscal year is the _ooI f rnurse operat i nn Budget fund (s) . <br /> The fund (s) generates its revenue from : <br /> Golf fees paid by golfers . <br /> Sincerely , <br /> Lessee : 7RIVER - OUNTY , FL <br /> By : � h <br /> R bert Korinetz <br /> Title : ni rPr, ± nr n � G-al f oppr = } i nnS <br /> Date : February 8 , 2005 <br />