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Erskine Commons
<br />Outstanding EDC & TIF Bonds
<br />Early Repayment Worksheet
<br />Prepared 5/26/10
<br />Outstanding EDC Bonds at 8/1/10:
<br />Outstanding TIF Bonds at 8/1/10:
<br />Cash Balance at 4/30/10
<br />Cash Balance at 4/30/10
<br />July TIF Settlement for Pay'10
<br />Cash Available for Early Repayment
<br />• Less:
<br />EDC Bond Interest Payment Due 8/1/10
<br />TIF Bond Payoff (Principal) @ 8/1/10
<br />TIF Bond Accrued Interest Due (5/1 to 8/1/10)
<br />Financial Consultant Fees
<br />Bond Counsel Fees
<br />Other Fees
<br />Balance after 8/1/10 TIF Bond Payoff
<br />Add:
<br />Dec TIF Settlement for Pay'10
<br />Cash Available for D/S at 2/1 /11
<br />Less:
<br />EDC Bond Payoff (Principal) @ 2/1/11
<br />EDC Bond Accrued Interest Due (8/1/10 to 2/1/11)
<br />Financial Consultant Fees
<br />Bond Counsel Fees
<br />Other Fees
<br />Balance after 2/1/11 EDC Bond Payoff
<br />1�
<br />Principal
<br />Rate
<br />Maturitv
<br />3,285,000
<br />0.08
<br />2025
<br />2,335,000
<br />Variable
<br />2025
<br />Cash on
<br />Capitalized
<br />Totals
<br />Hand
<br />Interest
<br />3,254,914
<br />3,254,914
<br />99,193
<br />99,193
<br />1,574,778
<br />1,574,778
<br />4,829,692
<br />99,193
<br />4,928,885
<br />(131,400)
<br />(2,238,807) (96,193) (2,335,000)
<br />(3,000) (3,000)
<br />0
<br />0
<br />0
<br />2,459,485 0 2,590,885
<br />1,422,000 1,422,000
<br />3,881,485 0 3,881,485
<br />(3,285,000) (3,285,000)
<br />(131,400) (131,400)
<br />0
<br />0
<br />0
<br />465,085 0 465,085
<br />
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