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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 <br /> Original Lease (December 12, 1990) : $1, 393 , 628 . 50 <br /> (based on Base Bid Contract Amount in <br /> Construction Contract of $1, 291, 500 plus <br /> estimated sales tax of $102 , 028 . 50 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, 291, 500 <br /> Additional Costs $ 174, 600* <br /> Capitalized Financing Costs: $ 33,900* <br /> Plus: $ 100 <br /> * Estimated--to be completed at time certificates are issued. <br /> Total principal component: $1,500,000 <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 /> PRI <br /> 3 . Payment Obligation Commencement Date: October 1, JIA+J"!f <br /> Scheduled date of Expiration of Lease: October 1, 2006 <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 /> year principal annual interest <br /> (October 1) component rate applicable <br /> 1992 $ 65, 000 <br /> 1993 70, 000 <br /> 1994 75, 000 <br /> 1995 75, 000 <br /> 1996 80, 000 % <br /> B-1 <br />