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Soflvraro (3US Ver.8.0.00
<br />Ffle st Oesipn Development - 9-98-v~ith fi
<br />properly Type ce d Retail
<br />PoAlolio •
<br />Far lhe Years Ending
<br />POTENTU4L ~ROSS REVENUE
<br />Base Rental Revenue
<br />Scheduled Base Renhal Revenue
<br />Expanse Reimbursement Revenue
<br />CLEANIN(i EXP
<br />PERSONNEL
<br />MINOR MWNT
<br />OTHER MAINT
<br />HVAC MPJNT
<br />ELEC MPJNT
<br />UTILITIES
<br />SECURITYlLIFE SAFTY
<br />MANAGMENTFEE
<br />GROUNDSIROADS MAINT
<br />REAL PROPERTY TAX
<br />INSURANCE
<br />PROF FEES
<br />OTHER BLDG MGMT COSTS
<br />Tolal Reimbursemem Revenue
<br />yg0 348 408 469 534 602 669
<br />98,779 118,408 138,826 160,056 182,136 2U5,097 228,976
<br />12,654
<br />745
<br />253,811
<br /> 130
<br />800 136,032 141,413 147,132 153,017 159,138 165,504 172124
<br />Parking Revenue ,
<br />638
<br />058
<br />2 083
<br />499
<br />2 2,iD9,358 2,136,247 2,164,212 2,193,294 2,223,539 2,254,994
<br />TOTAL POTENTIAL GROSS REVENUE ,
<br />,
<br />~
<br />~9 ,
<br />,
<br />9633 (9~704) (9~n81 98`~+4 _L-~ 1001 ~~~~Z
<br />GeneralVacancy ,
<br />073
<br />2 049 866
<br />073
<br />2 2,099,654 2,126,469 2,154,358 2183,360 2 213,523 2 244 892
<br />EFFECTNE GROSS REVENUE , ,
<br />,
<br />OPERATING EXPENSES 428
<br />155 161,645 168,111 174,836 181,829 189,102 196,666 204,533
<br />CLEANING EXP ,
<br />43
<br />174 44,901 46,698 48,565 50,508 52,528 54,630 56,815
<br />PERSONNEL ,
<br />2878 y~gg3 3,113 3,238 3,367 3,502 3,642 3,188
<br />MINORMAINT 31
<br />661 32,928 34,245 35,615 31,039 38,521 40,062 41,664
<br />OTHER MAINT ,
<br />40
<br />296 41,908 43,584 45,328 47,141 49,026 50,988 53,027
<br />HVACNWNT ,
<br />8
<br />635 8,980 9,340 9,713 10,102 10,506 10,926 11,363
<br />ELEC MAINT ,
<br />175
<br />576 182,599 189,903 197,499 205,399 213,615 222,160 231,046
<br />UTILRIES ,
<br />~~gg 7484 7,783 8,094 8,418 8,755 9,105 9,469
<br />SECURITYILIFE SAFTY
<br />MANAGMENT FEE
<br />GRWNDSIROA0.S MAINT 18
<br />633 19,378 20,153 20,959 21,798 22,670 23,576 24,519
<br />REALPROPERTYTAX ,
<br />486
<br />24
<br />25,444
<br />26,462
<br />27,520
<br />28,621
<br />29,766
<br />30,957
<br />32,1
<br />INSURIWCE ,
<br />PROF FEES 439
<br />1 497
<br />1 1,557 1,619 1,684 1,751 1,821 1,894
<br />OTHER BLDG MGMT COSTS , ,
<br />TOTAL OPERATING EXPENSES 509,382 529,757 ~550.94 572,986 595~906 619,742 644,533 670,313
<br /> 539
<br />691
<br />1 109
<br />544
<br />1 1548,705 1553,483 1,558,452 1,563,618 1,568,990 1,574,579
<br />NET OPERATING INCOME ,
<br />, ,
<br />,
<br />LEASINO 8 CAPITAL COSTS Z3 ~26 23 y47 24 g~ p5,gpy 26,936 28,015 29,136 30,301
<br />MAJOR MAINT
<br />TOTAL LEASING 8 CAPITAL COSTS 23,026 23,947 24,905 25,902 26 28,U15 29,136 30,301
<br />CASH FLOW BEFORE DEBT SERVICE 1,516,865 1,520,162 1,523,600 1,527,581 1,531,514 1,535,603 1,539,854 1544,278
<br />DEBTSERVICE T73
<br />047
<br />1 1,024,996 1,001,113 976,069 949,809 922,274 893,401 883,125
<br />Intereat PeymeMs ,
<br />,
<br />891
<br />468 491,668 515,551 540,595 566,855 594,390 623,263 653,539
<br />Principel Paymems ,
<br /> 516
<br />664
<br />1 516,664
<br />1 1,516,664 1,516,664 1,516,664 1,516,664 1,516,664 1,516,664
<br />TOTAL DEBT SERVICE ,
<br />, ,
<br /> (crontinued on next pepe)
<br />• oa~e : ~azt~sa
<br />nancing assumptfon revisiom tthouse Square Time : 9:11 am
<br />Co igh Streets RefO : AAG
<br />Salem, Oregan Page :1
<br />SCHEDULE OF PROSPECTNE CASH FLOW
<br />In InOated Dollars far the Fiscal Year bepinning 7l111997
<br />Year 1 Year 2 Year 3 Year 4 Year 5
<br />2002
<br />J Y~r 6
<br />Jun•2003 Year 7
<br />Jun-2004 Year 8
<br />Jun-2005 Year 9
<br />Jun•2006 Year 1D
<br />Jun•2007
<br />Jun•1998 Jun•1999 Jun•2000 Jun•2001 un-
<br /> 059
<br />1829 059
<br />829
<br />51 059
<br />829
<br />$1 059
<br />$1829 31829,059 $1,829,059 $1,829,059
<br />51829,059 ,
<br />$ ,
<br />, ,
<br />, ,
<br />1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059 1,829,059
<br />285
<br />31 37,502 43,967 50,693 57,685 64,959 72,523 80,388
<br />,
<br />8,691 10,418 12,213 14,081 16,023
<br />068
<br />1 18,042
<br />1
<br />202 20,145
<br />1
<br />342 22,329
<br />487
<br />1
<br />579
<br />373
<br />6 694
<br />7,638 814
<br />8,958 938
<br />10,324 ,
<br />11,750 ,
<br />13,233 ,
<br />14,772 ,
<br />16,375
<br />,
<br />110
<br />8 9,723 11,399 13,143 14,955 16,841 18,801 20,840
<br />,
<br />1,739
<br />340
<br />35 2,OB4
<br />362
<br />42 2,442
<br />667
<br />49 2,816
<br />263
<br />57 3,205
<br />65,164 3,607
<br />73,379 4,029
<br />81,922 4,464
<br />90,808
<br />,
<br />1,448 ,
<br />1,736 ,
<br />2,036 ,
<br />2,348 2,672 3,006 3,358 3,721
<br />4,924 5,903 6,922 7,981 9,080 10,226 11,415
<br />
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