Discussion and Consideration of Fitness and Cardio Equipment for the Recreation Center and Council Action as Needed — K-3

MUNICIPAL ASSET MANAGEMENT, INC. “LEASING TO STATE AND LOCAL GOVERNMENTS SINCE 2002” LEASE PROPOSAL Paul Collings 303-273-9494 Jamie Tiemeyer 303-273-9496 DATE: August 13, 2026 LESSEE: Tiffin Rec Center Tiffin, IA REQUESTED BY: Tim Maynard Johnson Fitness & Wellness [email protected] LEASE TYPE: Fair Market Value subject to Annual Appropriations EQUIPMENT QUOTES: 22-077116 EQUIPMENT COST: $94,023 QUOTE: Factor for estimated payments: 0.028150 TERM MONTHLY LEASE (MONTHS) COST RESIDUAL PAYMENT QT22-077116 36 $94,023.00 $16,753.80 $2,646.71 END OF LEASE OPTIONS: 1) Return the equipment 2) Continue the lease on a month-to-month basis at the same payment amount 3) Renew the lease for 12 months 4) Purchase the equipment for Fair Market Value This is a proposal only and is not a commitment to finance. This proposal is subject to credit review and approval and proper execution of mutually acceptable documentation. This transaction must be credit approved, lease documents properly executed and returned to Lessor and the equipment ordered within 30 days from the date stated above. 25288 FOOTHLLS DRIVE NORTH • GOLDEN COLORADO • 80401 PHONE: 303-273-9494 • EMAIL: [email protected]