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2001 DOWNTOWN SIDEWALK IMPROVEMENT PROJECT <br /> Estimated Project Cost and HRA Repayment to City <br /> • <br /> Estimated Project Cost $ 280,000.00 <br /> Less: <br /> Special Assessments 58,500.00 <br /> Estimated ERMU Cost 10,000.00 <br /> HRA Project Cost 211,500.00 <br /> HRA Repayment to City <br /> 2001 75,000.00 <br /> 2002 50,000.00 <br /> 2003 50,000.00 <br /> 2004 48,917.93 <br /> Total Payments 223,917.93 <br /> • City Loan to HRA <br /> Principal Outstanding: $ 211,500.00 <br /> Interest Rate: 4.50% <br /> Interest Start Date: June-01 <br /> Term: 5 <br /> Principal <br /> Payment Year Payment Principal Interest Outstanding <br /> $ 211,500.00 <br /> June 1, 2001 , 75,000.00 75,000.00 - 136,500.00 <br /> June 1, 2002 50,000.00 43,857.50 6,142.50 92,642.50 <br /> June 1, 2003 50,000.00 45,831.09 4,168.91 46,811.41 <br /> June 1, 2004 48,917.93 46,811.42 2,106.51 (0.00) <br /> Total 223,917.93 211,500.00 12,417.93 <br /> NOTE: This schedule will be adjusted based on actual project costs. Payments will <br /> increase or decrease accordingly. <br /> i <br /> 4/23/01 <br /> Hrafin <br />