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EXHIBIT B-1 <br /> LEASE TERM AND LEASE PAYMENT SCHEDULE <br /> 1 . Total Principal Component of Lease Payments as of completion <br /> of Improvements and final acceptance by City: $10, 152, 728 <br /> 2 . Principal amount of each monthly Lease Payment due prior to <br /> the Payment Obligation Commencement Date: $ due <br /> on June 9, 1993 and $ due on July 9, 1993 . <br /> 3 . The Payment Obligation Commencement Date shall be the date <br /> of delivery of the Certificates under the Trust Agreement, <br /> scheduled for July 21, 1993, but in any event no later than <br /> August 9, 1993 . <br /> 4 . Date of expiration of Lease : March 1, 2008 . <br /> 5. Prepayment by the City on the Payment Obligation <br /> Commencement Date: $ (otherwise due and payable <br /> on March 1, 2008) . <br /> 6. Maturity Schedule for Lease Payments outstanding from and <br /> after the Payment Obligation Commencement Date: <br /> Interest Rate <br /> Year Principal Component Applicable <br /> 1994 320, 000 0 <br /> 1995 395, 000 <br /> 1996 420, 000 % <br /> 1997 445, 000 <br /> 1998 475, 000 % <br /> 1999 505, 000 0 <br /> 2000 535, 000 0 <br /> 2001 560, 000 % <br /> 2002 590, 000 % <br /> 2003 620, 000 a <br /> 2004 655, 000 0 <br /> 2005 690, 000 % <br /> 2006 730, 000 % <br /> 2007 775, 000 % <br /> 2008 820, 000 0 <br /> 7 . First date after the Payment Obligation Commencement Date <br /> for exercise of option to purchase Leased Premises or for <br /> partial prepayment of Lease Payments : March 1, 2003 . <br /> B-1-1 D0T046.DOC 93/06/15 <br />