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10-12-05 Meeting of the Tax Increment Reinvestment Zone Number One minutes
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10-12-05 Meeting of the Tax Increment Reinvestment Zone Number One minutes
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4/24/2017 4:33:59 PM
Creation date
3/21/2025 3:02:00 PM
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City Meetings
Meeting Body
La Porte Redevelopment Authority/TIRZ
Meeting Doc Type
Minutes
Date
10/12/2005
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<br />, AMORTIZATION SCHEDULE <br />( <br /> Lot Square Footage 7,500 <br /> Pill Rate per Square Foot $0.0680 <br /> Duration (in years) 15 <br /> Interest Rate 7.00% <br /> Annual Payment Amount $510.00 <br /> Total Lifetime Payments $7,650.00 <br /> Total Principal $4,645.04 <br /> Total Interest $3,004.96 <br /> Principal <br /> Year Payment Principal Interest Payment Balance <br /> $4,645.04 <br /> 2007 1 $184.85 $325.15 $510.00 $4,460.19 <br /> 2008 2 $197.79 $312.21 $510.00 $4,262040 <br /> 2009 3 $211.63 $298.37 $510.00 $4,050.77 <br /> 2010 4 $226.45 $283.55 $510.00 $3,824.32 <br /> 2011 5 $242.30 $267.70 $510.00 $3,582.03 <br /> 2012 6 $259.26 $250.74 $510.00 $3,322.77 <br /> 2013 7 $277 Al $232.59 $510.00 $3,045.36 <br /> 2014 8 $296.82 $213.18 $510.00 $2,748.54 <br /> 2015 9 $317.60 $192.40 $510.00 $2,430.94 <br /> 2016 10 $339.83 $170.17 $510.00 $2,091.10 <br />( 2017 11 $363.62 $146.38 $510.00 $1,727048 <br />2018 12 $389.08 $120.92 $510.00 $1,338.40 <br /> 2019 13 $416.31 $93.69 $510.00 $922.09 <br /> 2020 14 $445045 $64.55 $510.00 $476.64 <br /> 2021 15 $476.64 $33.36 $510.00 $0.00 <br /> TOTAL $4,645.04 $3,004.96 $7,650.00 <br /> <br />( <br />
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