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Scenario 1- Rent revenue pius parking charged at $50 per space
<br />Date Principal Interest Total Rent Parking Revenue Total Balance
<br /> Payments Payments Payments Revenue 212 spaces $50 Revenue Forward
<br />2000/01 $507,880 $977,042 $1,200,561 $63,600 $1,264,161 $287,116
<br /> $469,163
<br />2001/02 $469,163 $938,325 $1,200,561 $127,200 $1,327,761 $389,436
<br /> $469,163
<br />2002/03 $469,163 $938,325 $1,200,561 $127,200 $1,327,761 $389,436
<br /> $469,163 $1,065,991 sub-total
<br />2003/04 $455,000 $469,163 $1,393,325 $1,200,561 $127,200 $1,327,761 -$65,564
<br /> $469,163 $1,000,427 balance
<br />2004/05 $675,000 $459,949 $1,594,897 $1,200,561 $127,200 $1,327,761 -$267,136
<br /> $459,949 $733,291 balance
<br />2005/06 $700,000 $446,111 $1,592,223 $1,200,561 $127,200 $1,327,761 -$264,462
<br /> $446,111 $468,829 balance
<br />2006/07 $730,000 $431,586 $1,593,173 $1,200,561 $127,200 $1,327,761 -$265,412
<br /> $431,586 $203,417 balance
<br />2007/08 $760,000 $416,256 $1,592,512 $1,200,561 $127,200 $1,327,761 -$61,334 Raise rent .05 ($1.25) to cover debt service
<br /> $416,256
<br />2008/09 $795,000 $400,106 $1,595,212 $1,200,561 $127,200 $1,327,761 -$267,451 Raise rent .15 ($1.40) to cover debt service
<br /> $400,106
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