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09-Deliberate and act on a Resolution approving the PEDC Resolution authorizing the Amended Promissory Note and Second Addendum to Security Agreement between Paris Pkg.and Paris Economic Dev. Corp.
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09-Deliberate and act on a Resolution approving the PEDC Resolution authorizing the Amended Promissory Note and Second Addendum to Security Agreement between Paris Pkg.and Paris Economic Dev. Corp.
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8/22/2012 3:10:54 PM
Creation date
6/25/2010 3:36:43 PM
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CITY CLERK
Doc Name
09
Doc Type
Agenda
CITY CLERK - Date
6/28/2010
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Loan & Credit Line Payments <br />Your first monthly payment wili be $28,511.17. <br />Priiicipal Balances <br />$2,500 <br />$2,000 <br />~ <br />~ <br />~ <br />O <br />im $1,500 <br />~ <br />~ <br />0 $1,000 <br />a <br />L <br />H <br />$500 <br />This payment is for a$2,073,242.00 loan. This payment is for a total of 82 months at 3.55% APR. <br />Loan summary <br />Payment option <br />a fixed term loan <br />1st monthly payment <br />$28,511.17 <br />Loan amount <br />$2,073,242.00 <br />Annual Percentage Rate <br />3.55% <br />Term <br />82 months <br />Total payments <br />$2,337,916.20 <br />Total interest <br />$264,674.20 <br />Ending balance <br />$0.00 <br />Payment Schedule <br />Ending <br />Principal <br />Nbr Payment Principal Interest Balance <br />$2,073,242.00 <br />1 $28,511.17 $22,377.83 $6,133.34 $2,050,864.17 <br />2 $28,511.17 $22,444.03 $6,067.14 $2,028,420.14 <br />EXHIBIT -B <br />. 5s <br />$0 <br />1 9 17 25 33 41 49 57 65 73 81 <br />Paymerrt Number <br />
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