|
IN'ri
<br />
<br /> EXHIBIT:
<br />iRFUI~D LOAN OF $1,500,000 WITH PAYMENT SCHEDULE FOR 20, 10 AND 5 YEAR PAY BACK
<br />
<br /> i INTERFUND LOAN OF $1,500,000
<br /> ~ INTEREST AT 7%/ANNUM
<br /> i 20 YEAR PAY BACK
<br /> - ~
<br /> ' 'r:[ AN m UA t ~AY~M~E~7 NT I
<br />Year No.I VeaF," I ' P[Itlncipal )interest (~TYo~otal PaymenI
<br /> 1993 INTEII~I UND.~.OAN
<br />
<br />2 1
<br />3 199I
<br />4 1
<br />5 1991
<br />6 1 69t
<br />7 2001~
<br />8 2004'
<br />g 2004
<br />1 0 2003
<br />1 1 2004
<br />1 2 200,~
<br />1 3 2006~
<br />1 4 2007~;
<br />1 ~ 2o0~
<br />18 200~:
<br />1 7 20'1 d:
<br />
<br />20 2013r
<br />
<br />I Year N°.I Ye{~r i ' [ ~r
<br /> 1993 INTEFi-F~JND
<br /> 1 1994 ~
<br /> 2 1 g95'~
<br /> 3 1 996I.
<br /> 4 1 697~
<br />
<br /> 6
<br /> 7
<br /> 8
<br /> g
<br />
<br />10
<br />
<br />75,000 105,000 180,000
<br />75,000 99,750 174,750
<br />75,000 94,500 169,500
<br />75,000 89,250 164,250
<br />75,000 84,000 159,000
<br />75,000 78,750 153,750
<br />76,000 73,500 148,500
<br />75,000 68,250 143,250
<br />75,000 63,000 138,000
<br />75,000 57,750 132,750
<br />75,000 52,500 127,500
<br />75,000 47,250 122,250
<br />75,000 42,000 117,000
<br />75,000 36,750 111,750
<br />75,000 31,500 106,500
<br />75,000 26,250 101,250
<br />75,000 21,000 96,000
<br />75,000 15,750 90,750
<br />75,000 10,500 85,500
<br />75,000 5,250 80,250
<br />
<br />IYearNo.I
<br />
<br />Loan
<br />Balance
<br />
<br />I INTERFUND INTERFUND
<br />LOAN PAY LOAN PAY
<br />AS % OF 92 AS % OF 92
<br />LEVY LEVY TO PT*
<br />$1 ~549~672 $744~404
<br />
<br />1,500,000
<br />1,425,000
<br />1,350,000
<br />1,275,000
<br />1,200,000
<br />1,125,000
<br />1,050,000
<br />975,000
<br />900000
<br />825 000
<br />750 000
<br />675 000
<br />600000
<br />525000
<br />450 000
<br />375 000
<br />300 000
<br />225 000
<br />150,000
<br />75,000
<br />0
<br />
<br /> I~ITERFUND LOAN OF $1,500,000
<br /> INTEREST AT 7%/ANNUM
<br /> ! 10 YEAR PAY BACK
<br /> i J ANNUAL PAYMENT
<br /> ncipal I Interest ~6%~Total Paymen1
<br /> .CAN
<br /> 50,000 105,000 255,000
<br /> 50,000 94,500 244,500
<br /> 50,000 84,000 234,000
<br /> 50,000 73,500 223,500
<br /> 50,000 63,000 213,000
<br /> 199gt 50,000 52,500 202,500
<br /> 2000i 50,000 42,000 192,000
<br /> 2001[ 50,000 31,500 181,500
<br /> 2002? 50,000 21,000 171,000
<br /> 20051 50,000 10,500 160,500
<br />
<br /> ' i~ITERFUND LOAN OF $1,500,000
<br /> INTEREST AT 7%/ANNUM
<br /> 5 YEAR PAY BACK
<br /> [
<br /> i' [ ANNUAL PAYMENT
<br /> Year '.[. Pr(ncipal Interest ~7°/o~Total Paymen1
<br /> 1993 INTER-F~JNO I~OAN 1,500,000
<br />1 1694'. 300,000 105,000 405,000 1,200,000
<br />2 1 ggs~ ~00,000 84,000 384,000 g00,000
<br />3 1996 !" 300,000 63,000 363,000 600,000
<br />4 1 667! ::J00,O00 42,000 342,000 300,000
<br />5 1 gg8f ~00,000 21,000 321,000 0
<br />
<br />Loan
<br />Balance
<br />
<br />11.62% 24.18%
<br />11.28% 23.48%
<br />10.94% 22.77%
<br />10.60% 22.06%
<br />10.26% 21.36%
<br />9.92% 20.65%
<br />9.56% 19.95%
<br />9.24% 19.24%
<br />8.91% 18.54%
<br />8.57% 17.83%
<br />8.23% 17.13%
<br />7.89% 16.42%
<br />7.55% 15.72%
<br />7.21% 15.01%
<br />6.87% 14.31%
<br />6.53% 13.60%
<br />6.19% 12.90%
<br />5.86% 12.19%
<br />5.52% 11.49%
<br />5.18% 10.78%
<br />
<br />1,500,000
<br />1,350,000 16.46% 34.26%
<br />1,200,000 15.78% 32.85%
<br />1,050,000 15.10% 31.43%
<br />900,000 14.42% 30.02%
<br />750,000 13.74% 28.61%
<br />600,000 13.07% 27.20%
<br />450,000 12.39% 25.79%
<br />300,000 11.71 % 24.38%
<br />150,000 11.03% 22.97%
<br />0 10.36% 21.56%
<br />
<br />Loan
<br />Balance
<br />
<br />26.13% 54.41%
<br />24.78% 51.58%
<br />23.42% 48.76%
<br />22.07% 45.94%
<br />20.71% 43.12%
<br />
<br />* - OF THE TOTAL 1692 ~EVY,!$744,404 IS COLLECTED AS PROPERTY TAX WITH THE REMAINING
<br /> $805,268 RECEIVED lilY TI~E CITY AS HACA, FISCAL DISPARITY AND EQUALIZATION AID.
<br /> r ~
<br />
<br /> Page 1
<br />
<br />.51
<br />
<br />
<br />
|