Res 26-02ORB( 1~J58 P8 ~699
Palm Beach County, Florida
RESOLUTION NO. 26.02
A RESOLUTION OF THE CITY ODMMISSION OF TIlE
CITY OF DELRAY BEACH, FLORIDA, PROVIDING FOR
THE CERTIFICATION AND ADOPTION OF THE FINAL
ASSESSMENT ROLL FOR THE ROYAL PALM
BOULEVARD SPECIAL ASSESSMENT DISTRICT TO
INCLUDE THOSE PROPERTIES BORDERING ON ROYAL
PALM BOULEVARD EAST OF FEDERAL HIGHWAY, AS
MORE FULLY DESCRIBED HEREIN; PROVIDING FOR
THE ASSESSMENT AMOUNT TO EACH PROPERTY;
PROVIDING FOR THE METHOD OF PAYMENT OF THE
SPECIAL ASSESSMENT; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, on January 18, 2000, the City Commission adopted Resolution 6-00 which
established the preliminary assessment roll based on an estimated cost of the street improvements of
$120,550.00. The actual total cost of the improvement is $124,728.00. The CRA will contribute
$30,138.00, the abutting property owners will contribute $60,276.00 and the City will contribute the
remainder, and
WHEREAS, the Special Assessmem District will include all those properties listed on the
assessmem roll attached hereto as Exhibk "A', and as shown on the map attached hereto as Exhibk
"B"; and
WHEREAS, each property owner shall be assessed based on front footage and square
footage for each property that abuts Royal Palm Boulevard such that the benefits received by each
abutting property are proportionate to that property's assessment; and
WHEREAS, each property owner may pay their assessment in one lump sum no hter than
sixty (60) days following adoption of the final assessment roll; and
WHEREAS, each property owner may pay the assessment in ten (10) annual installments at
an interest rate of eight percent (8%), as indicated on the amortization tables attached hereto as
Exhibit "C"; and
WHEREAS, the owner of the property within the District for which an assessment is levied
shall thereafter be responsible for payment thereof.
WHEREAS, the cost of the street improvement is equally distributed among the assessed
properties on foot frontage and square footage basis and bears a rational rehtionship to the benefits
received by the properties assessed; and
Res. No. 26-02
WHEREAS, pursuant to Florida Statute Section 170.07, the property owners have been
given 30 days notice of the public hearing and notice o£ the public hearing has been given by two
publications a week apart in a newspaper of general circulation in Palm Beach County;, and
WHEREAS, pursuant to Florida Statute Section 170.08, a public hearing has been scheduled
for March 19, 2002 in which the governing authority will meet for final consideration of the special
assessrrlent.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That the City Commission of the City of Delray Beach, Florida, following a
duly noticed public hearing, does hereby adopt the above recitals as if fully set forth herein.
Section 2. That the City Commission of the City of Delray Beach, Florida, hereby
adopts and certifies the final assessment roll for the Royal Palm Special Assessment District, as set
forth in Exhibk "A" which is attached hereto and incorporated herein.
Section 3. That this resolution shall become effective immediately upon passage.
PASSED AND ADOPTED in reg~lar session on this the 19th day of March, 2002.
MAYOR
Gty Clerk
2 Res. No.26-02
BOOK 13558
ROYAL PALM
S__PECIAL ASSESSMENT DISTRICT
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT:
OWNER INFORMATION:
Antonio's Mama Rosa Inc
1645 N Federal Hwy
Delray Beach, FL 33483
0010
ASSESSMENT: $2,882.00
PARCEL ADDRESS:
1645 N Federal Hwy
LEGAL:
ROYAL PALM GARDENS PL3
LOTS 1 & 2, LT 3 (LESS RD R/W),
LOTS 4 & 5 BLOCK A
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT: 0060
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $7,205.00
PARCEL ADDRESS:
Royal Palm Blvd
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 6, 7, 8, 9 & 10 BLOCK A
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT:0110
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $12,955.00
PARCEL ADDRESS:
Royal Palm Blvd
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 11 TO 15 INC BLOCKA&
LOTS 12 TO 15 INC BLOCK B
SECTION: 09
SUBDIVISION: 18
BLOCK: 002 LOT: 0080
OWNER INFORMATION:
Payne, Nyoma & Litton, Marsha
750 Royal Palm Blvd
Delray Beach, FL 33483
ASSESSMENT: $9,101.00
PARCEL ADDRESS:
Royal Palm Blvd
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 8, 9, 10 & 25 BLOCK B
]hid. bit
A
SECTION: 09
SUBDIVISION: 18
BLOCK: 002 LOT:
OWNER INFORMATION:
Payne, Nyoma
750 Royal Palm Blvd.
Delray Beach, FL 33483
0110
ASSESSMENT: $1,441.00
PARCEL ADDRESS:
Royal Palm Blvd
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LT 11 BLOCK B
SECTION: 09
SUBDIVISION: O0
BLOCK: 000 LOT:
1000
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $26,961.07
PARCEL ADDRESS:
LEGAL:
9-46-43, SLY 334.66 FT OF NLY
988.58 FT OF ELY 726.15 FT OF
NE % LYG W OF & ADJ TO W LI
OF INTRACOASTAL WATERWAY
BEING ABNDED LOTS 16 TO 24
BLK A, 16 TO 24 BLK B & LOTS 1
TO 6 BLK C K/A PT OF FIND MSA
642A OF ROYAL PALM GARDENS
PL 3
TOGETHER WITH:
9-46-43, SLY 971.94 FT OF NLY
1960.52 FT OF E 667.02 FT OF
NE % LYG W OF & ADJ TO W LI
OF I NTRACOASTAL WATERWAY
K/A ABNDED LOTS 20 TO 27, 29
TO 34 BLK C, 21 TO 27, 29 TO 34 BLK
E, LTS I TO 10 BLK F & LAKE OF LA
HACIENDA DELRAY PLAT & E 629.84
FT OF LOT 1 LYG E OF FED HWY OF
HARRY SEEMILLER SUB
l
· ROYAL~ PALM
LAKE AVENUE N.
' , ' ; I i /
/~; , ,
;1 ,// ,,
LAKE AVENUE $
, ; '
It' ; , '
: ~ ,
DENER
I
i '
ES.R./~A, RY ..
N
ROYAL PALM BOULEVARD
SPECIAL ASSESSMENT DISTRICT BOUNDARY
Antonio's Mama Rosa
Principal 2,882.20
Rate 8%
Annual Payment 429.53
Installment 8% Annual Debt
Number Principal Interest Service
I 198.96 230.58 429.53
2 214.87 214.66 429.53
3 232.06 197.47 429.53
4 250.63 178.90 429.53
5 270.68 158.85 429.53
6 292.33 137.20 429.53
7 315.72 113.81 429.53
8 340.98 88.56 429.53
9 368.26 61.28 429.53
10 397.72 31.82 429.53
2,882.20 1,413.13 4.295.33
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Payne
Principal 1,441.10
Rate 8%
Annual Payment 214.77
Installment 8% Annual Debt
Number Principal Interest Service
I 99.48 115.29 214.77
2 107.44 107.33 214.77
3 116.03 98.73 214.77
4 125.31 89.45 214.77
5 135.34 79.43 214.77
6 146.17 68.60 214.77
7 157.86 56.91 214.77
8 170.49 44.28 214.77
9 184.13 30.64 214.77
10 198.86 15.91 214.77
1,4.41.10 706.56 2,147.66
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Payne & Lytton
Principal
Rate
Annual Payment
9,101.14
8%
1,356.34
Installment 8%
N umber Principal Interest
1 628.25 728.09
2 678.51 677.83
3 732.79 623.55
4 791.41 564.93
5 854.72 501.62
6 923.10 .. 433.24
7 996.95 359.39
8 1,076.71 279.63
9 1,162.84 193.50
10 1,255.87 100.47
Annual Debt
Service
I 356.34
I 356.34
I 356.44
I 356.44
I 356.44
I 356.44
I 356.44
I 356.44
I 356.44
1 356.44
9,101.14 4,462.24 13,563.38
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Delray Estuary
Principal 26,961.07
Rate 8%
Annual Payment 4,017.99
Installment 8% Annual Debt
Number Principal Interest Service
I 1,861.11 2,156.89 4,017.99
2 2,010.00 2,008.00 4,017.99
3 2,170.80 1,847.20 4,017.99
4 2,344.46 1,673.53 4,017.99
5 2,532.02 1,485.98 4,017.99
6 2,734.58 1,283.41 4,017.99
7 2,953.35 1,064.65 4,017.99
8 3,189.61 828.38 4,017.99
9 3,444.78 573.21 4,017.99
10 3,720.37 297.63 4,017.99
26,961.07 13,218.87 40,179.94
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Delray Estuary
Principal
Rate
Annual Payment
12,955.05
8%
1,930.68
Installment
Number
8% Annual Debt
Principal Interest Service
1
2
3
4
5
6
7
8
9
10
894.28
965.82
I 043.09
1
1
1
1
1
1
1
1,036.40 1,930.68
964.86 1,930.68
887.60 1,930.68
126.54 804.15 1,930.68
216.66 714.03 1,930.68
313.99 616.69 1,930.68
419.11 511.57 1,930.68
532.64 398.04 1,930.68
655.25 275.43 1,930.68
787.67 143.01 1,930.68
12,955.05 6,351.79 19,306.84
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Oelray Estuary
Principal 7,205.44
Rate 8%
Annual Payment 1,073.82
Installment 8% Annual Debt
Number Principal Interest Service
I 497.39 576.44 1,073.82
2 537.18 536.64 1,073.82
3 580.15 493.67 1,073.82
4 626.57 447.26 1,073.82
5 676.69 397.13 1,073.82
6 730.83 343.00 1,073.82
7 789.29 .. 284.53 1,073.82
8 852.44 221.39 1,073.82
9 920.63 153.19 1,073.82
10 994.28 79.54 1,073.82
7,205.44 3,532.79 10,738.23
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
~00K ]3558 F~GE ~7]m
Dorothy Ho UiZken~ Clerk
[ITY OF I)ELARY BEREH
1993
CITY CLERK
100N.W lstAVENUE
2001
DELRAY BEACH, FLORIDA 33444
561/243-7000
CERTIFICATION
I, ANGELA WONG, Deputy City Clerk of the City of Delray Beach, do
hereby certify that the attached document is a true and correct copy of
Resolution No. 26-02, as the same was passed and adopted by the Delray
Beach City Commission in regular session on the 19th day of March, 2002.
IN WITNESS WHEREOF, I have hereunto set my hand and the
official seal of the City of Delray Beach, Florida, on this the 22"d day of
March, 2002.
Deputy City Clerk
City of Delray Beach, Florida
Prlnted or/Recycled Paper
THE EFFORT ALWAYS MATTERS
c~
[IT¥ OF I]ELRI:I¥ BEI:I[H
CITY ATTORNEY'S OFFICE
200 NW 1st AVENUE · DELRAY BEACH, FLORIDA 33444
TELEPHONE 561/243-7090 · FACSIMILE 561/278-4755
Writer's Direct Line. (561) 243-7090
1993
MEMORANDUM
DATE: March 11, 2002
TO:
FROM:
City Commission
Brian Shutt, Assistant City Attorney
SUBJECT:
Resolution # 26-02, adopting the final assessment roll for the
Royal Palm Boulevard Special Assessment District
The attached resolution, if approved, will adopt the final assessment roll for the
Royal Palm Boulevard Special Assessment District. The improvements that were made
included upgrades to water and sewer utilities and street improvements consisting of,
among other things, the construction of a sidewalk, curbing, drainage structures and a
median.
The City is paying all costs with regard to the water and sewer improvements. The
cost for the street improvements will be shared by the City, the CRA and the property
owners abutting Royal Palm Boulevard to the East of Federal Highway. The City and the
CRA will each contribute $30,138 for the street improvements. The abutting property
owners will divide $60,276 based on the amount of front footage and total square footage
of their properties that abut Royal Palm Boulevard.
Approval of this resolution will adopt the final assessment roll. The property
owners will have 60 days to pay the assessment in one lump sum. In the alternative, the
property owners may pay the assessment in ten annual installments at an interest rate of
8%. The City's Finance Department will administer the collection of the assessments.
By copy of this memorandum to the City Manager, our office requests that this
item be placed on the agenda for the March 19, 2002 City Commission agenda. Please do
not hesitate to contact me if you should have any questions.
CCi
David T. Harden, City Manager
Barbara Garito, City Clerk
Richard Hasko, Director of Environmental Services
Randal Krejcarek, City Engineer
Diane Dominguez, Director, CRA
RESOLUTION NO. 26-02
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, FLOP/DA, PROVIDING FOR THE
CERTIFICATION AND ADOPTION OF THE FINAL
ASSESSMENT ROLL FOR THE ROYAL PALM BOULEVARD
SPECIAL ASSESSMENT DISTRICT TO INCLUDE THOSE
PROPERTIES BORDERING ON ROYAL PALM BOULEVARD
EAST OF FEDERAL HIGHWAY, AS MORE FULLY
DESCRIBED HEREIN; PROVIDING FOR THE ASSESSMENT
AMOUNT TO EACH PROPERTY; PROVIDING FOR THE
METHOD OF PAYMENT OF THE SPECIAL ASSESSMENT;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on January 18, 2000, the City Commission adopted Resolution 6-00 which
established the preliminary assessment roll based on an estimated cost of the street improvements of
$120,550.00. The actual total cost of the improvement is $124,728.00. The CRA will contribute
$30,138.00, the abutting property owners will contribute $60,276.00 and the City will contribute the
remainder; and
' WHEREAS, the Special Assessment District will include all those properties listed on the
assessment roll attached hereto as Exhibit "A", and as shown on the map attached hereto as Exhibit
"B"; and
WHEREAS, each property owner shall be assessed based on front footage and square
footage for each property that abuts Royal Palm Boulevard such that the benefits received by each
abutting property are proportionate to that property's assessment; and
WHEREAS, each property owner may pay their assessment in one lump sum no later than
sixty (60) days following adoption of the final assessment roll; and
WHEREAS, each property owner may pay the assessment in ten (10) annual installments at
an interest rate of eight percent (8%), as indicated on the amortization tables attached hereto as
Exhibit "C"; and
WHEREAS, the owner of the property within the District for which an assessment is levied
shall thereafter be responsible for payment thereof.
WHEREAS, the cost of the street improvement is equally distributed among the assessed
properties on foot frontage and square footage basis and bears a rational relationship to the benefits
received by the properties assessed; and
WHEREAS, pursuant to Florida Statute Section 170.07, the property owners have been
given 30 days notice of the public hearing and notice of the public hearing has been given by two
publications a week apart in a newspaper of general circulation in Palm Beach County; and
WHEREAS, pursuant to Florida Statute Section 170.08, a public hearing has been scheduled
for March 19, 2002 in which the governing authority will meet for final consideration of the special
assessment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
Section 1. That the City Commission of the City of Delray Beach, Florida, following a
duly noticed public hearing, does hereby adopt the above recitals as if fully set forth herein.
Section 2. That the City Commission of the City of Delray Beach, Florida, hereby
adopts and certifies the final assessment roll for the Royal Palm Special Assessment District, as set
forth in Exhibit "A" which is attached hereto and incorporated herein.
Section 3. That this resolution shall become effective immediately upon passage.
PASSED AND ADOPTED in regular session on this the 19th day of March, 2002.
ATTEST:
MAYOR
City Clerk
2 Res. No.26-02
ROYAL PALM
SPECIAL ASSESSMENT DISTRICT
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT: 0010
OWNER INFORMATION:
Antonio's Mama Rosa Inc
1645 N Federal Hwy
Delray Beach, FL 33483
ASSESSMENT: $2,882.00
PARCEL ADDRESS:
1645 N Federal Hwy
LEGAL:
ROYAL PALM GARDENS PL3
LOTS 1 & 2, LT 3 (LESS RD R/VV),
LOTS 4 & 5 BLOCK A
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT: 0060
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $7,205.00
PARCEL ADDRESS:
Royal Palm Bird
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 6, 7, 8, 9 & 10 BLOCK A
SECTION: 09
SUBDIVISION: 18
BLOCK: 001 LOT: 0110
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $12,955.00
PARCEL ADDRESS:
Royal Palm Bird
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 11 TO 15 INC BLOCK A &
LOTS 12 TO 15 INC BLOCK B
SECTION: 09
SUBDIVISION: 18
BLOCK: 002 LOT: 0080
OWNER INFORMATION:
Payne, Nyoma & Litton, Marsha
750 Royal Palm Blvd
Delray Beach, FL 33483
ASSESSMENT: $9,101.00
PARCEL ADDRESS:
Royal Palm Bird
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LOTS 8, 9, 10 & 25 BLOCK B
SECTION: 09
SUBDIVISION: 18
BLOCK: 002 LOT: 0110
OWNER INFORMATION:
Payne, Nyoma
750 Royal Palm Blvd.
Delray Beach, FL 33483
ASSESSMENT: $1,441.00
PARCEL ADDRESS:
Royal Palm Bird
LEGAL:
ROYAL PALM GARDENS PLAT NO 3
LT 11 BLOCK B
SECTION: 09
SUBDIVISION: O0
BLOCK: 000 LOT: 1000
OWNER INFORMATION:
Delray Estuary
832 S. Military Trail
Deerfield Beach, FL 33442
ASSESSMENT: $26,961.07
PARCEL ADDRESS:
LEGAL:
9-46-43, SLY 334.66 FT OF NLY
988.58 FT OF ELY 726.15 FT OF
NE ¼ LYG W OF & ADJ TO W LI
OF I NTRACOASTAL WATERWAY
BEING ABNDED LOTS 16 TO 24
BLK A, 16 TO 24 BLK B & LOTS 1
TO 6 BLK C KJA PT OF FIND MSA
642A OF ROYAL PALM GARDENS
PL 3
TOGETHER WITH:
9-46-43, SLY 971.94 FT OF NLY
1960.52 FT OF E 667.02 FT OF
NE ¼ LYG W OF & ADJ TO W LI
OF I NTRACOASTAL WATERWAY
K/A ABNDED LOTS 20 TO 27, 29
TO 34 BLK C, 21 TO 27, 29 TO 34 BLK
E, LTS 1 TO 10 BLK F & LAKE OF LA
HACIENDA DELRAY PLAT & E 629.84
FT OF LOT 1 LYG E OF FED HWY OF
HARRY SEEMILLER SUB
ALLEN AVENUE
· ROYAL-~ PALM
'
EASTVIEW AVE. ]
II
·
II
I
·
·
I
·
i
LAKE AVENUE N.
j J it I ,I
,/
LAKE AVENUE S
J 0ENERY LANE
'THE
ES ~, ~R
CITY OF DEl..RAY B£A(:1~-I FL
PLANNING ~ ZONING O£PARTMENT
ROYAL PALM BOULEVARD
SPECIAL ASSESSMENT DISTRICT BOUNDARY · .... ·
Exhibit
B
Antonio's Mama Rosa
Principal 2,882.20
Rate 8%
Annual Payment 429.53
Installment 8% Annual Debt
N umber P rincip al Interest Service
1 198.96 230.58 429.53
2 214.87 214 66 429.53
3 232.06 197.47 429.53
4 250.63 178.90 429.53
5 270.68 158.85 429.53
6 292.33 137.20 429.53
7 315.72 113.81 429.53
8 340.98 88.56 429.53
9 368.26 61.28 429.53
10 397.72 31.82 429.53
2,882.20 1,413.13 4.295 33
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest wdl be adjusted accordingly.
Payne
Principal 1,441 10
Rate 8%
Annual Payment 214.77
Installment 8% Annual Debt
Number Principal Interest Service
1 99.48 115.29 214.77
2 107 44 107.33 214.77
3 116.03 98.73 214 77
4 125.31 89.45 214.77
5 135.34 79.43 214.77
6 146.17 68.60 214.77
7 157.86 56.91 214.77
8 170.49 44.28 214.77
9 184.13 30.64 214.77
10 198.86 15.91 214.77
1,441.10 706.56 2,147.66
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Payne & Lytton
Principal 9,101 14
Rate 8%
Annual Payment 1,356.34
Installment 8% Annual Debt
Number Principal Interest Service
1 628.25 728.09 1,356.34
2 678.51 677.83 1,356.34
3 732.79 623.55 1,356 44
4 791.41 564.93 1,356.44
5 854.72 501.62 1,356.44
6 923.10 ._ 433.24 1,356.44
7 996.95 359.39 1,356.44
8 1,076.71 279.63 1,356.44
9 1,162.84 193.50 1 , 356.44
10 1,255 87 100.47 1,356.44
9,101.14 4,462.24 13,563.38
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Delray Estuary
Principal 26,961.07
Rate 8%
Annual Payment 4,017 99
Installment 8% Annual Debt
Number Principal Interest Service
I 1,861.11 2,156.89 4,017.99
2 2,010.00 2,008.00 4,017.99
3 2,170.80 1,847.20 4,017.99
4 2,344.46 1,673.53 4,017.99
5 2,532.02 1,485.98 4,017.99
6 2,734 58 1,283.41 4,017.99
7 2,953.35 1,064.65 4,017.99
8 3,189.61 828.38 4,017.99
9 3,444.78 573.21 4,017.99
10 3,720.37 297.63 4,017.99
26,961.07 13,218.87 40,179.94
Please note that the interest reflected ~n the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.
Oelray Estuary
Principal
Rate
Annual Payment
12,955 05
8%
1,93O.68
Installment 8%
Number Pnncipal Interest
Annual Debt
Service
1
2
3 1
4 1
5 1
6 1
7 1
8 1
9 1
10 I
894.28 1,036.40
965 82 964.86
043.09 887.60
126.54 804.15
216.66 714.03
313.99 616.69
419.11 511.57
532.64 398.04
655 25 275.43
787.67 143.01
1,930.68
I 930.68
1 930.68
1 930.68
I 930.68
1 930.68
I 930.68
1 930.68
1 930 68
I 930.68
12,955.05 6,351 79 19,306.84
Please note that the interest reflected in the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly
Oelray Estuary
Principal
Rate
Annual Payment
7,205.44
8%
1,073.82
Installment 8%
Number Principal Interest
Annual Debt
Service
1 497.39 576.44
2 537.18 536.64
3 580.15 493.67
4 626.57 447.26
5 676.69 397 13
6 730.83 343.00
7 789.29 284.53
8 852.44 221.39
9 920.63 153.19
10 994.28 79.54
1,073.82
1 073.82
1 073.82
I 073.82
I 073.82
I 073.82
1 073.82
1 073.82
1 073.82
1 O73.82
7,205.44 3,532.79 10,738.23
Please note that the interest reflected ~n the above schedule assume that
payments are made on the payment dates. Interest will be adjusted accordingly.