MXD Proposal, Scenario 2-A

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	Total	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000
CAPITAL ACCOUNTS
Capital Replacement
Ending Value	29,494,309										29,494,309
Capital Before Financing	-1464856	-30959165									29,494,309
Principal Flows	9,594,108	24,868,000									-15273892
Equity Cash Flow	8,129,251	-6091165									14,220,416
Subtotal: CAPITAL ACCOUNTS	45,752,811	-12182330									57,935,141

OPERATING ACCOUNTS
Income	124,900,336	4,599,656	10,551,371	11,910,855	12,387,289	12,882,780	13,398,092	13,934,015	14,491,376	15,071,031	15,673,872
Expense	-102337443	-5495395	-8493854	-9588238	-9971767	-10370638	-10785464	-11216882	-11665558	-12132180	-12617467
Net Avail. for DS	22,562,893	-895740	2,057,517	2,322,617	2,415,521	2,512,142	2,612,628	2,717,133	2,825,818	2,938,851	3,056,405
Debt Service	-18451787	-971147	-1942293	-1942293	-1942293	-1942293	-1942293	-1942293	-1942293	-1942293	-1942293
Ground Rent
Participation
Cash Flow	4,111,106	-1866887	115224	380323	473228	569849	670335	774840	883525	996558	1,114,112
Amortization	2,538,108	82243	177298	195863	216373	239030	264059	291710	322255	356000	393277
Earnings BNCC	6,649,214	-1784643	292522	576186	689601	808878	934394	1,066,549	1,205,780	1,352,557	1,507,389
Depreciation	-13432312	-1130119	-2119790	-1879020	-1707042	-1584200	-1346300	-1108400	-954848	-801296	-801296
Taxable Income	-6783098	-2914762	-1827268	-1302834	-1017441	-775322	-411907	-41851	250932	551261	706093
Subtotal: OPERATING ACCOUNTS	19,757,016	-10376794	-1189273	673459	1,543,467	2,340,226	3,393,543	4,474,820	5,416,988	6,390,489	7,090,092

Total	65,509,828	-22559124	-1189273	673459	1,543,467	2,340,226	3,393,543	4,474,820	5,416,988	6,390,489	65,025,234