|
Sherburne Kuhn Clinic
<br /> 317 812 307
<br /> King Main King TOTAL
<br /> Purchase Price $ 105,000.00 130,000.00 175,000.00 410,000.00
<br /> Settlement Charges 19.50 1,118.25 19.50 1,157.25
<br /> Prorated taxes 79.24 79.16 166.83 325.23
<br /> Subtotal Property Cost 105,098.74 131,197.41 175,186.33 411,482.48
<br /> 2nd Half 1996 Taxes 1,446.10 1,444.67 3,044.55 5,935.32
<br /> Legal 1,283.80
<br /> Environmental Audit I 5,735.89
<br /> Printing & Publishing 30.65
<br /> Survey 1,199.60
<br /> Demolition 21,639.00
<br /> Asbestos Abatement 16,315.00
<br /> Environmental Audit II 1,371.65
<br /> Backfill/compaction/testing 3,680.40
<br /> TOTAL EXPENDITURES AS OF MAY 1997 468,673.79
<br /> PROPOSED INTERNAL LOAN REPAYMENT SCHEDULE
<br /> • (With developer repayment)
<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 225,000.00 225,000.00 16,324.12 117,806.60
<br /> December 1, 1997 37,000.00 34,054.83 2,945.17 83,751.77
<br /> September 1, 1998 18,500.00 14,731.17 3,768.83 69,020.60
<br /> December 1, 1998 18,500.00 17,464.69 1,035.31 51,555.91
<br /> September 1, 1999 18,500.00 16,179.98 2,320.02 35,375.92
<br /> December 1, 1999 18,500.00 17,969.36 530.64 17,406.56
<br /> March 1, 2000 18,189.86 17,406.56 783.30 - 0.00
<br /> Interest on Loan starts on September 1, 1996. This was the anticipated first payment
<br /> date; when first payment was delayed to December, interest start date was not changed.
<br /> •
<br /> 5/23/97 Hraking
<br />
|