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CC WORKSESSION 06031997
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CC WORKSESSION 06031997
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7/18/2016 4:23:20 PM
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Tires Plus Lease: <br />Square Ft Years <br />$ <br />9.50 <br />7/1/97 <br />- 7/31/97 <br />$ <br />10.50 <br />8/1/97 <br />- 7/31/02 <br />$ <br />11.50 <br />8/1/02 - <br />7/31/07 <br />$ <br />12.50 <br />8/1/07 - <br />7/31/11 <br />Annual <br />Rent <br />$ 5,216.29 <br />$ 69,184.50 <br />$ 759773.50 <br />$ 82,362.50 <br />Repayment of Capital Outlay: <br />Captial <br />Outlay Interest Lease Payments <br />$725,000 $334,457* $190599457 ** <br />*Average interest = 3.28% <br />* *Total lease revenue through 7/31/11 <br />Monthly <br />Rent <br />$ 5,216.29 <br />$ 5,765.38 <br />$ 6,314.46 <br />$ 6,863.54 <br />Building <br />Reserves <br />$ - 0 - <br />3 <br />
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