te
wid
1

Z nie
" fr A sat
See Neh ge ten ‘
PAI ee eM Wis TENN Oe Br
on OG Fp: nt i ento
yy

‘ on

Aosters ‘ " :
wi gis 7 if 4) ° t Am,

+4, ¢ oi 4 . P a as
Gok ites ‘ oF a . : of . pean

Current repayment schedule:

1995
1996
1997
1998
19989

MFA five year loan @ 8.75%
(semi-annual payments)

1995
1996
1997
1998
1999

=>
=>
=>
=>
=>

Land Sale Reserve loan @ 7%

(annua

1995
1996
1997
1998
1999

Internal borrowings from reserves results in a lower overall cost to the City and guarantees a

| adjustment to reserves)

Principal

19,082.77
21,424.22
24,082.97
27,004.27
30,317.69

20,389.34
22,212.43
24,198.53
26,362.23
28,719.39

21,194.13
22,677.72
24,265.16
25,963.72
27,781.19

rate of retum to be eamed by the reserve.

be DEBT FINANCING COMPARISON

14,954.92
12,613.46
9,984.70
7,033.40
3,719.98

10,228.20
8,405.11
6,419.01
4,255.31
1,898.16

8,531.74
7,048.15
5,460.71
3,762.15
1,944.68

34,037.69
34,037.68
34,037.67
34,037.67

94,037,07

170,188.08

30,617.54
30,617.54
30,617.54
30,617.54

30,617.94

153,087.71

. 29,725.87

29,725.87
29,725.87
29,725.87

22.72.87

148,629.35