ATTACHMENT IV
Existing HEDC Loan
Amortization Schedule
Year Annual
Principal
Annual
Interest*
Total
Payment
Remaining
Principal Balance
FY 2025 $182,825 $251,980 $434,805 $8,417,175
FY 2026 $381,877 $487,733 $869,610 $8,035,298
FY 2027 $404,583 $465,027 $869,610 $7,630,716
FY 2028 $428,639 $440,971 $869,610 $7,202,077
FY 2029 $454,125 $415,485 $869,610 $6,747,952
FY 2030 $481,126 $388,483 $869,610 $6,266,826
FY 2031 $509,733 $359,876 $869,610 $5,757,092
FY 2032 $540,041 $329,568 $869,610 $5,217,051
FY 2033 $572,151 $297,458 $869,610 $4,644,899
FY 2034 $606,171 $263,439 $869,610 $4,038,729
FY 2035 $642,213 $227,397 $869,610 $3,396,516
FY 2036 $589,147 $280,462 $869,610 $2,807,368
FY 2037 $720,853 $148,757 $869,610 $2,086,515
FY 2038 $763,714 $105,896 $869,610 $1,322,801
FY 2039 $809,123 $60,486 $869,610 $513,678
FY 2040 $513,678 $0 $513,678 $0
TOTAL $8,600,000 $4,523,018 $13,123,018
ATTACHMENT IV
Proposed HEDC Loan
Amortization Schedule
Year Annual
Principal
Annual
Interest
Total
Payment
Remaining
Principal Balance
FY 2027 $228,074 $319,920 $547,994 $8,371,926
FY 2028 $236,558 $311,436 $547,994 $8,135,368
FY 2029 $245,358 $302,636 $547,994 $7,890,010
FY 2030 $254,485 $293,508 $547,994 $7,635,524
FY 2031 $263,952 $284,042 $547,994 $7,371,572
FY 2032 $273,771 $274,222 $547,994 $7,097,801
FY 2033 $283,956 $264,038 $547,994 $6,813,845
FY 2034 $294,519 $253,475 $547,994 $6,519,326
FY 2035 $305,475 $242,519 $547,994 $6,213,851
FY 2036 $316,839 $231,155 $547,994 $5,897,013
FY 2037 $328,625 $219,369 $547,994 $5,568,388
FY 2038 $340,850 $207,144 $547,994 $5,227,538
FY 2039 $353,529 $194,464 $547,994 $4,874,008
FY 2040 $366,681 $181,313 $547,994 $4,507,328
FY 2041 $380,321 $167,673 $547,994 $4,127,006
FY 2042 $394,469 $153,525 $547,994 $3,732,537
FY 2043 $409,143 $138,850 $547,994 $3,323,394
FY 2044 $424,364 $123,630 $547,994 $2,899,030
FY 2045 $440,150 $107,844 $547,994 $2,458,880
FY 2046 $456,524 $91,470 $547,994 $2,002,357
FY 2047 $473,506 $74,488 $547,994 $1,528,851
FY 2048 $491,121 $56,873 $547,994 $1,037,730
FY 2049 $509,390 $38,604 $547,994 $528,340
FY 2050 $528,340 $0 $528,340 $0
TOTAL $8,600,000 $4,532,198 $13,132,198