| |
Total |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| DEVELOPMENT/CAPITAL ACCTS |
|
|
|
|
|
|
|
|
|
|
|
|
| Field Expense |
|
|
|
|
|
|
|
|
|
|
|
|
| Land Development |
-15000 |
-15000 |
|
|
|
|
|
|
|
|
|
|
| Building Cost |
-14187000 |
-14187000 |
|
|
|
|
|
|
|
|
|
|
| Tenant Improvements |
|
|
|
|
|
|
|
|
|
|
|
|
| Architecture & Engineering |
-630000 |
-630000 |
|
|
|
|
|
|
|
|
|
|
| Elevator/Escalator |
|
|
|
|
|
|
|
|
|
|
|
|
| Furniture & Equipment |
-4500000 |
-4500000 |
|
|
|
|
|
|
|
|
|
|
| Misc. Administration |
-811000 |
-811000 |
|
|
|
|
|
|
|
|
|
|
| Dev. Costs Expensed |
-50000 |
-50000 |
|
|
|
|
|
|
|
|
|
|
| Grants & Reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
| Contingency |
-550000 |
-550000 |
|
|
|
|
|
|
|
|
|
|
| Land Cost |
-2600000 |
-2600000 |
|
|
|
|
|
|
|
|
|
|
| Financing Fees |
-1547000 |
-1547000 |
|
|
|
|
|
|
|
|
|
|
| Construction Interest |
-1291000 |
-1291000 |
|
|
|
|
|
|
|
|
|
|
| Internal Interest |
|
|
|
|
|
|
|
|
|
|
|
|
| Accounting Transfers |
50000 |
50000 |
|
|
|
|
|
|
|
|
|
|
| Capitalized Cost |
-26131000 |
-26131000 |
|
|
|
|
|
|
|
|
|
|
| Capital Replacement |
|
|
|
|
|
|
|
|
|
|
|
|
| Ending Value . |
47932000 |
|
|
|
|
|
|
|
|
|
|
47932000 |
| Capital Before Fin |
21801000 |
-26131000 |
|
|
|
|
|
|
|
|
|
47932000 |
| Principal Flows . |
8266005 |
27580000 |
|
|
|
|
|
|
|
|
|
-19313995 |
| Developers Capital |
30067005 |
1449000 |
|
|
|
|
|
|
|
|
|
28618005 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
1 |
|
|
|
|
|
|
|
|
|
|
|
| Expenses . |
-380000 |
-50000 |
|
-30000 |
-32000 |
-33000 |
-35000 |
-36000 |
-38000 |
-40000 |
-42000 |
-44000 |
| Net Avail. for D.S. |
-379999 |
-50000 |
|
-30000 |
-32000 |
-33000 |
-35000 |
-36000 |
-38000 |
-40000 |
-42000 |
-44000 |
| Debt Service |
-23139245 |
|
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
-2313925 |
| Ground Rent |
|
|
|
|
|
|
|
|
|
|
|
|
| Participation . |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Flow |
-23519244 |
-50000 |
-2313924 |
-2343924 |
-2345924 |
-2346924 |
-2348924 |
-2349924 |
-2351924 |
-2353924 |
-2355924 |
-2357924 |
| Amortization . |
1766005 |
|
105506 |
117133 |
130042 |
144373 |
160283 |
177947 |
197557 |
219329 |
243500 |
270334 |
| Earnings B.N.C.C. |
-21753239 |
-50000 |
-2208418 |
-2226791 |
-2215883 |
-2202552 |
-2188641 |
-2171977 |
-2154367 |
-2134595 |
-2112425 |
-2087590 |
| Non-Cash Charges . |
-11095127 |
|
-2026327 |
-1658980 |
-1396589 |
-1209167 |
-1131075 |
-968875 |
-968875 |
-578413 |
-578413 |
-578413 |
| Taxable Income |
-32848366 |
-50000 |
-4234745 |
-3885771 |
-3612472 |
-3411719 |
-3319716 |
-3140852 |
-3123242 |
-2713008 |
-2690837 |
-2666003 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCING SUMMARY |
|
|
|
|
|
|
|
|
|
|
|
|
| Project Cash Flow. |
26698245 |
-24743000 |
1400000 |
-30000 |
-32000 |
-33000 |
-35000 |
-36000 |
-38000 |
-40000 |
-42000 |
50327244 |
| Developer |
2747244 |
-1000 |
-913924 |
-2343924 |
-2345924 |
-2183924 |
-2203924 |
-2349924 |
-2351924 |
-2353924 |
-2355924 |
22151564 |
| Lender |
21689240 |
-20764000 |
2313925 |
2313925 |
2313925 |
2313925 |
2313925 |
2313925 |
2313925 |
2313925 |
2313925 |
21627920 |
| Investor |
-187372 |
-6500000 |
1173871 |
1077136 |
1001377 |
828369 |
815825 |
870644 |
865763 |
752046 |
745900 |
-1818303 |
| Other Entities |
2522000 |
2522000 |
|
|
|
|
|
|
|
|
|
|
| Public |
-72867 |
|
-1173871 |
-1077136 |
-1001377 |
-991369 |
-960825 |
-870644 |
-865763 |
-752046 |
-745900 |
8366064 |
|
