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EXHIBIT B-1 <br /> LEASE TERM AND LEASE PAYMENT SCHEDULE <br /> 1. Estimated Total Principal Component of Lease <br /> Payments as of original execution of Original <br /> Lease (May 31, 1991) : $1,817 , 323 <br /> (based on Base Bid Contract Amount in <br /> Construction Contract of $1, 684 , 173 plus <br /> estimated sales tax of $133 , 050 plus $100) <br /> 2 . Total Principal Component of Lease Payments as <br /> of completion of Improvements and final acceptance <br /> by City: <br /> Base Bid Contract Amount: $1,684,173 <br /> Additional Costs: $ 290,045 <br /> Capitalized Financing Costs: $ 80,782 <br /> Total principal component: $2,055,000 <br /> (determined following Substantial Completion <br /> Date and Prior to Payment Obligation <br /> Commencement Date in accordance with Section <br /> 4 . 1 of Lease; excludes Additional Rent) <br /> 3 . Payment Obligation Commencement Date: March 1, 1992 <br /> Scheduled date of Expiration of Lease: March 1, 2007 <br /> (determined prior to Payment Obligation <br /> Commencement Date in accordance with Article <br /> III of Lease) <br /> 4. Maturity Schedule for Lease Payments: <br /> (determined prior to Payment Obligation <br /> Commencement Date in accordance with Article <br /> IV of Lease; excludes Additional Rent) <br /> (interest rates to be determined by competitive <br /> bid approved by City) <br /> year <br /> (March 1) principal component interest rate applicable <br /> 1993 $ 95,000.00 <br /> 1994 $ 100,000.00 <br /> 1995 $ 100,000.00 <br /> 1996 $ 105,000.00 <br /> B-B-1 KR170 92/01/27 <br />