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Executive Plaza (Pre-Construction)

Schedule A: Project Cash Flow

Annual

  Total 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
DEVELOPMENT/CAPITAL ACCTS                        
Field Expense                        
Land Development -36030 -21366 -14664                  
Building Cost -2263567 -1878761 -384806                  
Tenant Improvements                        
Architecture & Engineering -162154 -134101 -28053                  
Elevator/Escalator -375000   -375000                  
Furniture & Equipment -80764 -39171 -41593                  
Misc. Administration -114499 -106713 -7786                  
Dev. Costs Expensed -6485 -6485                    
Grants & Reimbursements                        
Contingency                        
Land -265542 -265542                    
Financing Fees -74000 -74000                    
Construction Interest -2725488 -158619 -486728 -504277 -504277 -504277 -504277 -63035        
Internal Interest                        
Accounting Transfers 2,504,014 6485 417387 504277 504277 504277 504277 63035        
Capitalized Cost -3599515 -2678272 -921243                  
Capital Replacement                        
Ending Value . 6,636,599                     6,636,599
Capital Before Fin 3,037,084 -2678272 -921243                 6,636,599
Principal Flows . 221812 2,488,843 1,127,212         -199156       -3195087
Developers Capital 3,258,896 -189429 205969         -199156       3,441,513
                         
OPERATIONS                        
Income 6,102,559   298149 407844 465093 527047 594034 666401 728965 766067 804370 844589
Expenses . -1349804 -6485 -82011 -105302 -112673 -120560 -129000 -138030 -147692 -158030 -169092 -180929
Net Avail. for D.S. 4,752,756 -6485 216138 302542 352420 406487 465034 528372 581273 608037 635278 663660
Debt Service -4469580   -417387 -504277 -504277 -504277 -504277 -403043 -408011 -408011 -408011 -408011
Ground Rent                        
Participation .                        
Cash Flow 283175 -6485 -201249 -201734 -151857 -97790 -39243 125328 173263 200026 227267 255649
Amortization . 149913             20307 27068 30350 34031 38157
Earnings B.N.C.C. 433089 -6485 -201249 -201734 -151857 -97790 -39243 145635 200331 230376 261298 293807
Non-Cash Charges . -1954753   -196588 -227286 -218826 -212144 -207471 -185882 -181655 -175754 -174574 -174574
Taxable Income -1521664 -6485 -397837 -429021 -370683 -309934 -246714 -40247 18676 54623 86724 119233
                         
FINANCING SUMMARY                        
Project Cash Flow. 8,091,799 -2452138 -635764 302542 352420 406487 465034 528372 581273 608037 635278 7,300,259
Developer 1,735,086 -66385 -31968 -100867 -75928 -48895 -19621 -3721 86631 100013 113634 1,782,196
Lender 1,896,138 74000           -3004991 408011 408011 408011 3,603,097
Investor 1,305,931 -197535 67491 6388 16742 28588 42057 6340 81962 86357 91953 1,075,587
Other Entities 2,725,488 -2260596 -571828 504277 504277 504277 504277 3,540,806        
Public 429155 -1621 -99459 -107255 -92671 -77484 -61678 -10062 4669 13656 21681 839380


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