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LA PORTE REDEVELOPMENT AUTHORITY <br />NOTES TO THE FINANCIAL STATEMENTS <br />SEPTEMBER 30, 2019 <br />NOTE 4. DUE TO DEVELOPERS (Continued) <br />Princil)al Interest Total Due <br />Balance Due Developer at 9/30/2017 $ 160,656 $ 17,553 $ 178,209 <br />Fiscal Year 2018 Interest ... 7.480. 7,480 <br />Balance Due Developer at 9/30/2018 '_.... 160w656 2,5 033 $ 185 689 <br />Fiscal Year 2019 Interest $�„ $ 8„101 $ 8,61Iy ,:�-1 <br />Balance Due Developer at 9/30/2019 160656_„,,, 33,134 t93 90�`' <br />J 1� <br />Senior Associates' reimbursable expenditures and land for Bayside tics �ntotaled $466,032 <br />including interest at August 24, 2016. During the current fiscal yeaf-an-44Aitional $10,620 was <br />calculated for interest, and $8,877 was payable at year end. TheQ t `'due Senior Associates <br />as of September 30, 2019, is calculated as follows: <br />Principal Interest Total Due <br />Balance Due Developer at 9/30/17 $ 455,823 r" `$ 13,482 $ 469,305 <br />Fiscal Year 2018 Interest 9.372 9.372 <br />Balance Due Developer at 9/30/2018 455T82�� 22,854 $ 478,677, <br />Fiscal Year 2019 Interest $ f $ 10,620 $ 10,620 <br />Payable after year End 2019 - Estimated 8 877i ___ i8,877) <br />Balance Due Developer at 9/30/2019 s 455,.8.23 24 597 480,420 <br />In addition, certain Developers.�ve signed a Development Agreement but have not submitted <br />costs for reimbursement of their projects. Estimated costs, based on the agreement, are as <br />follows: <br />�rA <br />65 LaPorte, Ltd. $ 7,103,500 <br />r H wthorne at LaPorte, LLC 2,019,908 <br />�4abez —LBl, L.L.C. 1,952,754 <br />a <br />Under the ,a�reements, the amount shown is not a payable debt if the tracts do not generate tax <br />increment s" , ficient to pay the accrued amount. <br />-20- <br />