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AG 1997 12 15
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AG 1997 12 15
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Last modified
3/25/2002 6:32:25 PM
Creation date
11/27/2017 11:54:54 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/15/1997
Board
Board of Commissioners
Meeting Type
Regular
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FACTS ABOUT OUR BUILDING <br /> <br />Buildin.q Ownership: <br /> Partners: <br /> <br />Square FootaRe: Leased by Knox and Jones-- <br /> Leased by Cabarrus EDC-- <br /> Remaining available (second floor)-- <br /> <br /> Total Square Footage: <br /> <br /> *67 sf sub-leased by EDC to Micro Med on a short term agreement <br /> <br />Cost of EDC upfit (1995-'97): <br /> <br />Appraised Value (June 1997): <br /> <br />Financing by First Union Bank: <br /> <br /> Original Loan: <br /> Loan Balance <br /> <br /> Partnership Equity as of-gffl~J-~: <br /> <br />Monthly Loan <br />Payments: <br /> <br />Total Monthly <br /> <br />Bank Payments: <br /> <br />*Income From Leases: <br /> <br />Chamber of Commerce Properties (a partnership) <br /> <br />Cabarrus Chamber of Commerce <br /> and <br />Greater Cabarrus Economic Developemt Corp. Inc. <br /> <br /> 1,900 sf <br /> 2,017 sf * <br /> 1,447 sf <br /> <br /> 5,364 sf <br /> <br />Applied to Interest: <br />Applied to Principal: <br /> <br />Knox and Jones: <br />Cabarrus EDC: <br />Micro Med-- <br /> <br />*Total Current <br />Income From <br />Leases-- <br /> <br />$33,865.00 <br />$350,000.00 <br /> <br />$230,000.00 <br />$164,170.79 <br />$ 90,414.79 <br /> <br />$ 1,190.23 <br />$ 959.77 <br /> <br />$ 2,150.00 <br /> <br />$1,300 ($ 7.82 per sf) <br />$1,200 ($ 7.13 per sf) <br />$ 200 ($34.28 per sf) <br /> annualized <br /> <br />$2,700 <br /> <br /> <br />
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