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TIF 16 INTERFUND LOAN FROM HRA
<br /> Estimated Amortization Schedule
<br /> 411 Interfund Loan for Net Redevelopment Property Acquisition Costs
<br /> Amount of Loan: $360,728.77
<br /> Principal Outstanding: $360,728.77
<br /> Interest Rate: 0.00%
<br /> Interest Start Date: N/A
<br /> Term: Based on TIF 16 increment revenue
<br /> Principal
<br /> Payment Date Payment Principal Interest Outstanding
<br /> $360,728.77
<br /> December 15, 2000 - - - 360,728.77
<br /> July 15, 2001 - - - 360,728.77
<br /> December 15, 2001 - - - 360,728.77
<br /> July 15, 2002 - - - 360,728.77
<br /> December 15, 2002 - - - 360,728.77
<br /> July 15, 2003 $ 18,525.10 $ 18,525.10 - 342,203.67
<br /> December 15, 2003 18,525.10 18,525.10 - 323,678.57
<br /> July 15, 2004 21,100.50 21,100.50 - 302,578.07
<br /> December 15, 2004 21,100.50 21,100.50 - 281,477.57
<br /> July 15, 2005 21,100.50 21,100.50 - 260,377.07
<br /> • December 15, 2005 21,100.50 21,100.50 - 239,276.57
<br /> July 15, 2006 21,100.50 21,100.50 218,176.07
<br /> December 15, 2006 21,100.50 21,100.50 - 197,075.57
<br /> July 15, 2007 21,100.50 21,100.50 - 175,975.07
<br /> December 15, 2007 21,100.50 21,100.50 - 154,874.57
<br /> July 15, 2008 21,100.50 21,100.50 - 133,774.07
<br /> December 15, 2008 21,100.50 21,100.50 - 112,673.57
<br /> July 15, 2009 21,100.50 21,100.50 - 91,573.07
<br /> December 15, 2009 21,100.50 21,100.50 - 70,472.57
<br /> July 15, 2010 21,100.50 21,100.50 - 49,372.07
<br /> December 15, 2010 21,100.50 21,100.50 - 28,271.57
<br /> July 15, 2011 21,100.50 21,100.50 - 7,171.07
<br /> December 15, 2011 7,171.07 7,171.07 - -
<br /> $ 360,728.77 $360,728.77 -
<br /> This amortization schedule is based on projected future tax increment revenue.
<br /> The estimated tax increment revenue was determined using the current tax rate
<br /> and net tax capacity of the property.
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