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05-27-2026 Council Packet
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05-27-2026 Council Packet
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6/12/2026 8:22:05 PM
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<br /> <br />Schedule A <br /> <br />Schedule of Financial Terms <br /> <br />Project: Little Canada Senior Housing <br /> <br />Closing Date: June [__], 2026 <br /> <br /> <br /> Basic Loan Terms <br />Authorized Amount: $17,000,000 <br />Loan Funding Dates: Closing Date $[________] <br />[__________] $[________] <br /> <br /> <br /> <br /> <br /> <br />The Funding Lender shall fund the above draw-down <br />installments, in an amount, in the aggregate together with <br />draws of the Direct Note, of not less than $500,000, <br />(“Minimum Funding Amount”), on the dates set forth <br />above; provided that any decreased draw is not less than <br />the Minimum Funding Amount and provided that a <br />signed, replacement schedule is provided to the <br />Controlling Person, Fiscal Agent and Funding Lender at <br />least ten (10) Business Days in advance of the next <br />funding date. The Controlling Person shall determine, in <br />its reasonable judgement, whether to allocate all or a <br />portion of any increase or decrease to the installments of <br />the Governmental Note or the Direct Note. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> Draw-Down Termination Date December 31, 2029 <br />Interest Rate: <br /> <br /> <br /> <br /> <br /> <br /> <br />A fixed rate of [____]%
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