| |
Total |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
| DEVELOPMENT/CAPITAL ACCTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depr. assets acquired |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land Development |
-741153 |
-741153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Building Cost |
-3409478 |
-3409478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Service structures |
-240000 |
-240000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Architecture & Engineering |
-133445 |
-133445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Elevator/Escalator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Furniture & Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Misc. Administration |
-54800 |
-54800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Dev. Costs Expensed |
-5760 |
-5760 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Grants & Reimbursements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Contingency |
-227606 |
-227606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
-350000 |
-350000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing Fees |
-275453 |
-119435 |
-156018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction Interest |
-560228 |
-144320 |
-170281 |
-133363 |
-83943 |
-28322 |
|
|
|
|
|
|
|
|
|
|
|
| Internal Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounting Transfers |
509292 |
93384 |
170281 |
133363 |
83943 |
28322 |
|
|
|
|
|
|
|
|
|
|
|
| Capitalized Cost |
-5488631 |
-5332613 |
-156018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Capital Replacement |
-466097 |
|
-21600 |
-22680 |
-23814 |
-25005 |
-26255 |
-27568 |
-28946 |
-30393 |
-31913 |
-33509 |
-35184 |
-36943 |
-38790 |
-40730 |
-42767 |
| Ending Value . |
5488629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5488629 |
| Capital Before Fin |
-466099 |
-5332613 |
-177618 |
-22680 |
-23814 |
-25005 |
-26255 |
-27568 |
-28946 |
-30393 |
-31913 |
-33509 |
-35184 |
-36943 |
-38790 |
-40730 |
5445863 |
| Principal Flows . |
3816585 |
5425997 |
303137 |
103064 |
46453 |
|
|
|
|
|
|
|
|
|
|
|
-2062066 |
| Developers Capital |
3350487 |
93384 |
125519 |
80384 |
22639 |
-25004 |
-26255 |
-27568 |
-28946 |
-30393 |
-31913 |
-33509 |
-35184 |
-36943 |
-38790 |
-40730 |
3383797 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPERATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income |
10846773 |
|
566296 |
585550 |
605459 |
626045 |
647330 |
669339 |
692097 |
715628 |
739960 |
765118 |
791132 |
818031 |
845844 |
874603 |
904339 |
| Expenses . |
-4822095 |
-5760 |
-223200 |
-234360 |
-246078 |
-258382 |
-271301 |
-284866 |
-299109 |
-314065 |
-329768 |
-346256 |
-363569 |
-381748 |
-400835 |
-420877 |
-441921 |
| Net Avail. for D.S. |
6024677 |
-5760 |
343096 |
351190 |
359381 |
367663 |
376029 |
384473 |
392988 |
401564 |
410192 |
418862 |
427563 |
436283 |
445009 |
453726 |
462418 |
| Debt Service |
-4945764 |
-87624 |
-468615 |
-431574 |
-382020 |
-326251 |
-297766 |
-297587 |
-297390 |
-297173 |
-296935 |
-296674 |
-296386 |
-296070 |
-295723 |
-288987 |
-288987 |
| Ground Rent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Participation . |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash Flow |
1078914 |
-93384 |
-125519 |
-80384 |
-22639 |
41412 |
78263 |
86887 |
95598 |
104390 |
113256 |
122188 |
131177 |
140213 |
149286 |
164738 |
173431 |
| Amortization . |
1431593 |
|
63332 |
66590 |
70079 |
73819 |
77833 |
82145 |
86781 |
91769 |
97143 |
102936 |
109188 |
115939 |
123236 |
131129 |
139674 |
| Earnings B.N.C.C. |
2510507 |
-93384 |
-62187 |
-13794 |
47440 |
115232 |
156097 |
169032 |
182378 |
196159 |
210399 |
225124 |
240365 |
256152 |
272522 |
295868 |
313105 |
| Non-Cash Charges . |
-2910977 |
|
-209511 |
-214955 |
-219160 |
-222495 |
-225227 |
-173331 |
-176342 |
-178540 |
-179884 |
-181295 |
-182777 |
-184332 |
-185966 |
-187681 |
-189482 |
| Taxable Income |
-400470 |
-93384 |
-271698 |
-228749 |
-171720 |
-107264 |
-69130 |
-4299 |
6036 |
17620 |
30515 |
43829 |
57588 |
71819 |
86556 |
108187 |
123623 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCING SUMMARY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Project Cash Flow. |
5890727 |
-5162242 |
321496 |
328510 |
335567 |
342658 |
349774 |
356906 |
364042 |
371170 |
378279 |
385353 |
392379 |
399340 |
406218 |
412996 |
5908281 |
| Developer |
44294 |
|
|
|
|
164 |
520 |
593 |
667 |
740 |
813 |
887 |
960 |
1033 |
1105 |
1240 |
35572 |
| Lender |
2466849 |
-1761721 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
197227 |
1467390 |
| Investor |
4730133 |
31433 |
-163789 |
-178245 |
-197441 |
-202894 |
415763 |
401179 |
404959 |
408332 |
411264 |
414045 |
75649 |
78062 |
80256 |
86353 |
2665207 |
| Other Entities |
1379470 |
-3400521 |
720517 |
727531 |
734588 |
725271 |
100539 |
100360 |
100163 |
99946 |
99708 |
99447 |
99159 |
98843 |
98496 |
91760 |
883663 |
| Public |
-2730019 |
-31433 |
-432459 |
-418003 |
-398807 |
-377111 |
-364275 |
-342453 |
-338974 |
-335075 |
-330734 |
-326253 |
19384 |
24174 |
29135 |
36416 |
856449 |
|
