|
• PROPOSED INTERNAL LOAN REPAYMENT SCHEDULE
<br /> ASSUMING DEVELOPER LATE DEVELOPER PAYMENT
<br /> PRINCIPAL
<br /> PAYMENT DATE PAYMENT PRINCIPAL INTEREST BALANCE
<br /> July 1, 1996 - 401,482.48
<br /> December 1, 1996 75,000.00 75,000.00 - 326,482.48
<br /> July 1,1997 - - - 326,482.48
<br /> December 1, 1997 37,000.00 17,411.05 19,588.95 309,071.43
<br /> September 1, 1998 18,500.00 4,591.79 13,908.21 304,479.64
<br /> December 1, 1998 18,500.00 13,932.81 4,567.19 290,546.84
<br /> September 1, 1999 18,500.00 5,425.39 13,074.61 285,121.45
<br /> December 1, 1999 18,500.00 14,223.18 4,276.82 270,898.27
<br /> December 1, 2000 68,500.00 64,436.53 4,063.47 206,461.74
<br /> December 1, 2001 63,948.65 60,851.72 3,096.93 145,610.02
<br /> December 1, 2002 50,000.00 47,815.85 2,184.15 97,794.17
<br /> December 1, 2003 50,000.00 48,533.09 1,466.91 49,261.08
<br /> December 1, 2004 50,000.00 49,261.08 738.92 - 0.00
<br /> 411
<br /> This assumes repayment of Developer share starts in 2000. This could be repaid by either the
<br /> Developer or the HRA. It must be repaid as these funds are programmed for debt payment
<br /> on the Liquor Revenue Bond.
<br /> •
<br />
|