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Scenario 2- Rent revenue plus parking charged at $55 per space
<br />Date Principal Interest Total Rent Parking Revenue Total Balance
<br /> Payments Payments Payments Revenue 212 spaces $55 Revenue Forward
<br />2000/01 $507,880 $977,042 $1,200,561 $69,960 $1,270,521 $293,479
<br /> $469,163
<br />2001/02 $469,163 $938,325 $1,200,561 $139,920 $1,340,481 $402,156
<br /> $469,163
<br />2002/03 $469,163 $938,325 $1,200,561 $139,920 $1,340,481 $402,156
<br /> $469,163 $1,097,791 balance
<br />2003/04 $455,000 $469,163 $1,393,325 $1,200,561 $139,920 $1,340,481 -$52,844
<br /> $469,163 $1,044,947 balance
<br />2004/05 $675,000 $459,949 $1,594,897 $1,200,561 $139,920 $1,340,481 -$254,416
<br /> $459,949 $790,531 balance
<br />2005/06 $700,000 $446,111 $1,592,223 $1,200,561 $139,920 $1,340,481 -$251,742
<br /> $446,111 $538,789 balance
<br />2006/07 $730,000 $431,586 $1,593,173 $1,200,561 $139,920 $1,340,481 -$252,692
<br /> $431,586 $286,097 balance
<br />2007/08 $760,000 $416,256 $1,592,512 $1,200,561 $139,920 $1,340,481 -$252,034
<br /> $416,256 $34,066 balance
<br />2008/09 $795,000 $400,106 $1,595,212 $1,200,561 $139,920 $1,340,481 -$220,665 Raise rent .17 ($1.37) to cover debt service
<br /> $400,106
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