CC RES 98-048 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO ENTER INTO A LOAN AGREEMENT WITH THE METROPOLITAN COUNCIL

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• Exhibit C -Preliminary L•Rea ent Schedule P Ym Metropolitan Council Environmental Services Inflow/Infiltration Control LOAN PROGRAM Total Loan Amount $40,000 Project Completion Date 12/31/99 Interest Rate 5% Accrual Outstanding "Initial Principal" Schedule: Date Effective Disburse Payments Principal Interest Balance Disbursement 7/1/98 12/31/99 $ 20,000.00 20,000.00 1st Annual Installment 12/31/00 4,619.50 3,619.50 1,000.00 16,380.50 2nd Annual Installment 12/31/01 4,619.50 3,800.47 819.03 12,580.03 3rd Annual Installment 12/31/02 4,619.50 3,990.50 629.00 8,589.53 4th Annual Installment 12/31/03 4,619.50 4,190.02 429.48 4,399.51 5th Annual Installment 12/31/04 4,619.49 4,399.51 219.98 - Accrual Outstanding "Later Principal" Schedule Date Effective Disburse Payments Principal Interest Balance Disbursement 3/2/00 3/2/00 $ 20,000.00 - 20,000.00 1st Annual Installment 12/31/00 4,582.84 3,752.28 830.56 16,247.72 2nd Annual Installment 12/31/01 4,582.84 3,770.45 812.39 12,477.27 3rd Annual Installment 12/31/02 4,582.84 3,958.98 623.86 8,518.29 4th Annual Installment 12/31/03 4,582.84 4,156.93 425.91 4,361.36 5th Annual Installment 12/31/04 4,579.43 4,361.36 218.07 - Total Expected Annual Payment > 9,202.34 NOTE:Calculations based on 30-day month convention. Prepared by MCES 3/22/98 12:53 PM EXffiBIT C-W 140,000"