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CC WORKSESSION 01071997
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CC WORKSESSION 01071997
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7/18/2016 3:24:23 PM
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Tires Plus Lease: <br />Square Ft. <br />$ 9.50 <br />$ 10.50 <br />$ 11.50 <br />$ 12.50 <br />Years <br />8/1/96 <br />- 7/31/97 <br />8/1/97 <br />- 7/31/02 <br />8/1/02 <br />- 7/31/07 <br />8/1/07 <br />- 7/31/11 <br />Repayment of Capital Outlay: <br />Captial <br />Outlay <br />$570,000 <br />Annual <br />Rent <br />$ 61,379.50 <br />$ 67,840.50 <br />$ 74,301.50 <br />$ 80,762.50 <br />Interest Lease Paunents <br />$3149227* $1,069,558 ** <br />*Average interest = 5.50% <br />* *Total lease revenue through 7/31/11 <br />$185,331 <br />5 <br />
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