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NOTES TO THE FINANCIAL STATEMENTS (Continued) Outstanding Balance June 30. 1993 Kodak Digital Workstations. In December 1989, the City entered into a lease-purchase agreement to acquire two(2)Digital Workstations. The minimum lease payments required during the five-year term of this agreement is$78,526. The lease payments discounted at an estimated interest rate of 11.37.percent provide a present value of $59,680 which approximates the value of the system and is the amount capitalized among the City's General Fixed Assets. The minimum lease payments required under the terms of the lease at June 30, 1993 totaled $26,175. 23,742 Kodak Reliant 2000 Camera. In December 1989, the City entered into a lease-purchase agreement to acquire a Kodak Reliant 2000 Camera. The minimum lease payments required during the five-year term of this agreement is$56,866. The lease payments discounted at an estimated interest rate of 11.37 percent provide a present value of $43,218 which approximates the value of the system and is the amount capitalized among the City's General Fixed Assets. The minimum lease payments required under the terms of the lease at June 30, 1993 totaled $18,955. 17,193 Unisys CP 2000 Processor. In January 1990, the City entered into a lease-purchase agreement to acquire a CP 2000 Processor. The minimum lease payments required during the six-year term of this agreement is $302,316. The lease payments discounted at an estimated interest rate of 6.34 percent provide a present value of $245,102 which approximates the value of the system and is the amount capitalized among the City's General Fixed Assets. The minimum lease payments required under the terms of the lease at June June 30, 1993 totaled $100,772. 91,933 Unisys Disk Storage, Tape Drives and Controller. In December 1990, the City entered into a lease-purchase agreement to acquire an M9710 Disk Storage, ST 3200 Tape Drives and Controller. The minimum lease payments required during the six-year term of this agreement is$131,040. The lease payments discounted at an estimated interest rate of 7.53 percent provide a present value of$112,139 which approximates.the value of the system and is the amount capitalized among the City's General Fixed Assets. The minimum lease payments required under the terms of the lease at June 30, 1993 totaled $65,520. 56,768 Unisys Micro A/Network Control Hardware In December 1990, the City entered into a lease-purchase agreement to acquire Micro A/Network Control Hardware. The minimum lease payments required during the six-year term of this agreement is$238,386. The lease payments discounted at an estimated interest rate of 7.95 percent provide a present value of $198,571 which approximates the value of the system and is the amount capitalized among the City's General Fixed Assets. The minimum lease payments required under the terms of the lease at June 30, 1993 totaled $119,193. 102,479