1987-0319_CALIF ENERGY COMMISSION_Energy Conservation Assistance Loan Agr9 0
LOAN NO: 377-000
LOAN AMOUNT: $126,800.00
ENERGY CONSERVATION ASSISTANCE LOAN AGREEMENT
THIS AGREEMENT IS MADE AND ENTERED INTO AS OF THE DATE BOTH PARTIES
HAVE SIGNED THIS AGREEMENT, IN THE STATE OF CALIFORNIA BY AND BETWEEN
THE STATE OF CALIFORNIA, CALIFORNIA ENERGY COMMISSION, HEREINAFTER
"COMMISSION", AND CITY OF SAN CAPISTRANO HEREINAFTER "BORROWER".
1. AUTHORITY
A. PURSUANT TO THE PURPOSES AUTHORIZED BY THE ENERGY CONSERVATION
ACT, SECTION 25410, ET SEQ, OF THE CALIFORNIA PUBLIC RESOURCES
CODE, THE COMMISSION HAS APPROVED BORROWER'S LOAN APPLICATION
DATED V'i ICICIG, WHICH IS NOT ATTACHED BUT IS EXPRESSLY
INCORPORATED BY REFERENCE HEREIN.
B. SUBJECT TO THE TERMS, COVENANTS AND CONDITIONS CONTAINED HEREIN,
AND THE ATTACHED LOAN APPROVAL REQUEST TO THE EXTENT IT MODIFIES
BORROWER'S LOAN APPLICATION, THE COMMISSION SHALL MAKE A LOAN TO
BORROWER IN THE AMOUNT OF ONE HUNDRED TWENTY-SIX THOUSAND EIGHT
HUNDRED AND 00/100 DOLLARS ($126,800.00), EVIDENCED BY A PROMISSORY
NOTE LOAN NO. 377-000 ATTACHED HERETO AS EXHIBIT A.
2. GENERAL TERMS
A. THE BORROWER AGREES TO INDEMNIFY, DEFEND AND SAVE HARMLESS THE
STATE, ITS OFFICERS, AGENTS AND EMPLOYEES FROM ANY AND ALL
CLAIMS AND LOSSES ACCRUING OR RESULTING TO BORROWER AND TO ANY
AND ALL CONTRACTORS, SUBCONTRACTORS, MATERIALMEN, LABORERS AND
ANY OTHER PERSON, FIRM OR CORPORATION FURNISHING OR SUPPLYING
WORK, SERVICES, MATERIALS OR SUPPLIES IN CONNECTION WITH THE
PERFORMANCE OF THIS AGREEMENT, AND FROM ANY AND ALL CLAIMS AND
LOSSES ACCRUING OR RESULTING TO ANY PERSON, FIRM OR CORPORATION
WHO MAY BE INJURED OR DAMAGED BY THE BORROWER IN THE PERFORMANCE
OF THIS CONTRACT.
B. THE BORROWER, AND THE AGENTS AND EMPLOYEES OF BORROWER, IN THE
PERFORMANCE OF THIS AGREEMENT, SHALL ACT IN AN INDEPENDENT
CAPACITY AND NOT AS OFFICERS OR EMPLOYEES OR AGENTS OF STATE
OF CALIFORNIA.
C. WITHOUT THE WRITTEN CONSENT OF THE COMMISSION, THE AGREEMENT
IS NOT ASSIGNABLE OR TRANSFERRABLE BY BORROWER EITHER IN WHOLE
OR IN PART.
D. TIME IS OF THE ESSENCE IN THIS AGREEMENT.
E. NO ALTERATION OR VARIATION OF THE TERMS OF THIS AGREEMENT
SHALL BE VALID UNLESS MADE IN WRITING AND SIGNED BY THE PARTIES
HERETO, AND NO ORAL UNDERSTANDING OR AGREEMENT NOT INCORPORATED
HEREIN, SHALL BE BINDING ON ANY OF THE PARTIES HERETO.
3.' PURPOSE
THE BORROWER AGREES TO EXPEND ALL FUNDS ADVANCED PURSUANT TO THIS
AGREEMENT ONLY FOR THE PURPOSES AND IN THE AMOUNTS SET FORTH IN
BORROWER'S APPROVED APPLICATION. IN THE EVENT THAT THE COMMISSION
DETERMINES THAT FUNDS HAVE BEEN EXPENDED FOR PURPOSES OTHER THAN
THOSE SPECIFIED, THE FULL AMOUNT OF THE LOAN, INCLUDING PRINCIPAL
AND INTEREST, SHALL BE IMMEDIATELY DUE AND PAYABLE.
4. LOAN DISBURSEMENT SCHEDULE
A. THE COMMISSION AGREES TO DISBURSE FUNDS TO THE BORROWER UPON
THE PROPER EXECUTION OF THE ATTACHED PROMISSORY NOTE AND THE
APPROPRIATE SECURITY INSTRUMENTS, AND REQUIRED SUPPLEMENTAL
DOCUMENTS.
B. LOAN FUNDS SHALL BE DISBURSED BASED ON INVOICES SUBMITTED BY
BORROWER IN A FORM APPROVED BY COMMISSION AT SUCH TIMES AND IN
SUCH AMOUNTS AS DETERMINED APPROPRIATE BY COMMISSION IN ORDER
TO ACCOMPLISH THE PURPOSE OF THE LOAN.
5. INTEREST
THE LOAN HEREIN SHALL BEAR SIMPLE INTEREST AT THE RATE SET FORTH IN
THE ATTACHED PROMISSORY NOTE ON THE PRINCIPAL BALANCE OF LOAN FUNDS
DISBURSED TO THE BORROWER. PAYMENT OF SAID INTEREST SHALL BE DUE AT
THE TIME OF REPAYMENT OF THE LOAN TO THE COMMISSION AND SHALL ACCRUE
FROM THE TIME OF DISBURSAL TO THE BORROWER UNTIL RECEIPT OF REPAYMENT
TO THE COMMISSION.
6. TERM
A. THE EFFECTIVE DATE OF THIS AGREEMENT SHALL BE THE DATE OF ITS
EXECUTION BY THE COMMISSION.
B. THE BORROWER AGREES TO COMPLETE PERFORMANCE OF ITS OBLIGATIONS
UNDER THIS AGREEMENT WITHIN THE PERIOD STATED IN THE BORROWER'S
APPROVED LOAN APPLICATION.
7. REPAYMENT
ALL FUNDS ADVANCED HEREUNDER, TOGETHER WITH ALL INTEREST PAYABLE
THEREON, SHALL BE REPAID TO THE COMMISSION IN ACCORDANCE WITH PUBLIC
RESOURCES CODE SECTION 25413 NO LATER THAN THE DATE SPECIFIED IN THE
PROMISSORY NOTE.
8. PREPAYMENT
BORROWER SHALL HAVE THE RIGHT TO PREPAY AT ANY TIME ALL OR ANY PART
OF THE AMOUNT OF THIS LOAN WITHOUT PENALTY.
9. PROMISSORY NOTE
IN ORDER TO EVIDENCE ITS DEBT TO THE COMMISSION HEREUNDER, THE
BORROWER AGREES TO, CONTEMPORANEOUSLY WITH THE EXECUTION OF THIS
AGREEMENT, EXECUTE AND DELIVER TO THE COMMISSION A PROMISSORY
NOTE.
0
0
10.' SECURITY (APPLIES ONLY TO NONGOVERNMENTAL BORROWERS)
A. THE COMMISSION MAY REQUIRE SECURITY FOR A LOAN OF $25,000 OR
MORE. IF REQUIRED BY THE COMMISSION:
(1) BORROWER AGREES TO EXECUTE A DEED OF TRUST ON THE PROPERTY
TO BE IMPROVED UNDER THE TERMS OF THIS AGREEMENT TO SECURE THE
ATTACHED PROMISSORY NOTE, WITH SAID DEED OF TRUST NAMING THE
STATE OF CALIFORNIA, CALIFORNIA ENERGY COMMISSION AS BENEFICIARY;
BORROWER SHALL ALSO OBTAIN AND DELIVER A STANDARD CLTA TITLE
INSURANCE POLICY FOR THE SECURED PROPERTY, INSURING THE
COMMISSION`S INTEREST AS LENDER. (2) BORROWER FURTHER AGREES
THAT, AS PART OF ITS LOAN APPLICATION AND AT THE REQUEST OF THE
COMMISSION, IT HAS SUBMITTED A CURRENT PRELIMINARY TITLE REPORT
AND A CURRENT MARKET VALUE APPRAISAL OF SAID PROPERTY WITH VALUES
SUPPORTED BY AVAILABLE MARKET DATA WHICH HAS BEEN PREPARED BY A
LICENSED APPRAISER.
B. FOR ALL NONGOVERNMENTAL LOANS THE BORROWER AGREES THAT IN THE
EVENT THAT IT SELLS, TRANSFERS, MORTGAGES, DISPOSES OR FURTHER
ENCUMBERS THE SAID PROPERTY, OR ANY PART THEREOF, WITHOUT THE
PRIOR WRITTEN CONSENT OF THE COMMISSION, THEN THE COMMISSION
SHALL HAVE THE RIGHT, AT ITS OPTION, TO DECLARE THE ENTIRE
BALANCE OF THE UNPAID PRINCIPAL WITH UNPAID INTEREST DUE THEREON,
IMMEDIATELY DUE AND PAYABLE. CONSENT TO ONE SUCH TRANSACTION
SHALL NOT BE DEEMED TO BE A WAIVER OF THE RIGHT TO REQUIRE
CONSENT TO FUTURE OR SUCCESSIVE TRANSACTIONS.
11. ACCOUNTS
A. IF REQUESTED BY THE COMMISSION, THE BORROWER AGREES TO DEPOSIT
ALL FUNDS RECEIVED UNDER THIS AGREEMENT IN A SEGREGATED ACCOUNT
IN AN INSTITUTION WHOSE DEPOSITS ARE INSURED BY THE FEDERAL OR
THE STATE GOVERNMENTS.
B. THE BORROWER FURTHER AGREES TO ESTABLISH ON ITS BOOKS AN ENERGY
CONSERVATION LOAN ACCOUNT WHICH SHALL BE MAINTAINED AS LONG AS
THE LOAN OBLIGATION REMAINS UNSATISFIED.
C. THE BORROWER FURTHER AGREES TO MAINTAIN RECORDS THAT ACCURATELY
AND FULLY SHOW THE DATE, AMOUNT, PURPOSE, AND PAYEE OF ALL
EXPENDITURES DRAWN ON SAID ACCOUNT.
D. THE BORROWER FURTHER AGREES TO UTILIZE A VOUCHER SYSTEM BY
WHICH ALL EXPENDITURES FROM SAID ACCOUNT WILL BE AUTHORIZED AND
AUTHENTICATED.
E. THE BORROWER FURTHER AGREES TO ALLOW THE COMMISSION OR ANY OTHER
AGENCY OF THE STATE, ON WRITTEN REQUEST, TO HAVE REASONABLE
ACCESS TO AND THE RIGHT OF INSPECTING ALL RECORDS THAT PERTAIN
TO SAID ACCOUNT AND AGREES TO SUBMIT TO AN INDEPENDENT AUDIT,
IF THIS SHOULD BE REQUESTED BY THE COMMISSION, AT THE EXPENSE
OF THE BORROWER.
F. BORROWER FURTHER AGREES TO MAINTAIN RECORDS SHOWING THE COST OF
THE ENERGY SAVED AS A RESULT OF IMPLEMENTING THE PROJECT FUNDED
IN WHOLE OR IN PART BY THIS LOAN. AT THE CONCLUSION OF EACH
FISCAL YEAR, BUT NOT LATER THAN OCTOBER 31, BORROWER SHALL
•
COMPUTE AND SUBMIT TO
SAVED BY IMPLEMENTING
BY THIS LOAN.
11
LOAN NO: 377-000
LOAN AMOUNT: $126,800.00
THE COMMISSION THE COST OF THE ENERGY
THE PROJECT FUNDED IN WHOLE OR IN PART
G. ALL INVOICES MUST BE SUBMITTED WITHIN 60 DAYS OF PROJECT
COMPLETION.
12. BUDGET
THE BORROWER ACKNOWLEDGES ITS OBLIGATION TO COMPLY WITH SECTION
25415, SUBDIVISION (B), OF THE PUBLIC RESOURCES CODE. SEMI-ANNUAL
PAYMENTS UNDER THIS AGREEMENT SHALL BE MADE FROM SAVINGS IN ENERGY
COSTS. IF BORROWER IS A COUNTY, CITY, TOWN, TOWNSHIP, BOARD OF
EDUCATION OR SCHOOL DISTRICT, BORROWER AGREES THAT THE AMOUNT OF
THE SEMI-ANNUAL LOAN REPAYMENT SHALL NOT BE RAISED BY THE LEVY OF
ADDITIONAL TAXES AND SHALL NOT BE A CHARGE AGAINST BORROWER'S GENERAL
FUND, BUT SHALL BE OBTAINED SOLELY FROM ACTUAL SAVINGS IN ENERGY
COSTS RESULTING FROM THE SUBJECT ENERGY CONSERVATION PROJECTS.
13. DEFAULT
A. IN THE EVENT THE BORROWER, FOR ANY REASON, IS UNABLE TO PROCEED
WITH THE PURPOSE OF THIS AGREEMENT, THE COMMISSION MAY DECLARE
THIS AGREEMENT TO HAVE BEEN BREACHED AND BE RELEASED FROM ANY
FURTHER PERFORMANCE HEREUNDER.
B. IN THE EVENT OF ANY DEFAULT OR BREACH OF THE AGREEMENT BY THE
BORROWER, THE COMMISSION, WITHOUT LIMITING ANY OF ITS OTHER
LEGAL RIGHTS OR REMEDIES, MAY DECLARE THE PROMISSORY NOTE
EVIDENCING THE LOAN TO BE DUE AND PAYABLE.
14. REPORTING
WITHIN TEN DAYS AFTER THE COMMISSION'S WRITTEN REQUEST, THE
BORROWER SHALL SUBMIT A STATUS REPORT ON ITS ACTIVITIES TO DATE
PURSUANT TO THIS AGREEMENT IN SUCH FORMAT AS DETERMINED BY THE
COMMISSION AND AS OFTEN AS REASONABLY REQUIRED BY THE COMMISSION.
15. FAIR EMPLOYMENT PRACTICES
THE ATTACHED FAIR EMPLOYMENT PRACTICES ADDENDUM IS EXPRESSLY MADE
A PART OF THIS AGREEMENT. REFERENCE TO THE "THE CONTRACTOR" IN
THE ADDENDUM SHALL BE CONSIDERED AS REFERENCE TO "THE BORROWER"
UNDER THIS AGREEMENT.
IN WITNESS WHEREOF, THIS AGREEMENT HAS BEEN EXECUTED BY THE PARTIES
HERETO, UPON THE DATE FIRST ABOVE WRITTEN.
STATENER Y ORNIA -
ENER Y COMMI
BY (AUTHORIZED S GNATURE)
CHIEF, FISCAL MANAGEMENT BRANCH
TITLE
BORROWER (IF OTHER THAN AN
INDIVID AL, STATE W R A
CORPO ION, PARTN 5HI , ETC.)
(AUTHORIZED SIGt*ATURE)
Stephen B. Julian, City Manager
TITLE
MAIL ADDRESS: CITY OF SAN CAPISTRANO
32400 PASEO AVENUE
SAN JUAN CAPISTRANO, CA 92675
AMOUNT ENCUMBERED I FISCAL YEAR I FUND
I I ENERGY CONSERVATION
$126,800.00 I 1986-87 I ASSISTANCE ACCOUNT
APPROPRIATION
ITEM 3360-001-033, CH. 186/86
B - STREETLIGHT CONVERSION
FUND 033
LOAN NO.
377-000
LINE ITEM
ALLOTMENT
965-44-00
I HEREBY CERTIFY UPON MY OWN PERSONAL KNOWLEDGE THAT BUDGETED FUNDS ARE
AVAILABLE F THE PERIOD AND PURPOSE OF THE EXPENDITURE STATED ABOVE.
---------- - ---------f -----------------------------------------
SIGNATURE ACCOUNTyfJ OFFICER DATE
'®
I HEREBY CERTIFY THAT ALL CONDITIONS FOR EXEMPTIONS SET FORTH IN STATE
ADMINISTRATIVE MANUAL SECTION 1209 HAVE BEEN COMPLIED WITH AND THIS
DOCUMENT IS EXEMPT FROM REVIEW BY THE DEPARTMENT OF FINANCE.
-------------------------------------------------------------------------
SIGNAI:Z,Y OF OFF(VR * NING ON BEHALF OF THE AGENCY DATE _ —
LOAN NO: 377-000
LOAN AMOUNT: $126,800.00
PROMISSORY NOTE
1. FOR VALUE RECEIVED, THE UNDERSIGNED (HEREINAFTER REFERRED TO AS THE
"BORROWER") PROMISES TO PAY TO THE ORDER OF THE STATE OF CALIFORNIA,
CALIFORNIA ENERGY COMMISSION (HEREINAFTER REFERRED TO AS THE
"COMMISSION"), AT ITS PRINCIPAL PLACE OF BUSINESS IN SACRAMENTO,
CALIFORNIA, OR AT SUCH OTHER PLACE AS THE COMMISSION MAY DESIGNATE,
THE PRINCIPAL SUM OF ONE HUNDRED TWENTY-SIX THOUSAND EIGHT HUNDRED AND
00/100 DOLLARS ($126,800.00) OR SUCH LESSER AMOUNT AS SHALL EQUAL THE
AGGREGATE AMOUNT DISBURSED TO THE BORROWER BY THE COMMISSION, TOGETHER
WITH INTEREST ON THE UNPAID PRINCIPAL COMPUTED FROM THE DATE OF EACH
DISBURSEMENT TO THE BORROWER UNTIL REPAID BY THE BORROWER AT THE
INTEREST RATE OF EIGHT AND 00/100 PERCENT (8.00) PER ANNUM, PRINCIPAL
AND INTEREST TO BE DUE AND PAYABLE IN ELEVEN (11) SEMI-ANNUAL
INSTALLMENTS OF FIFTEEN THOUSAND EIGHT HUNDRED THIRTY-FIVE AND 33/100
DOLLARS ($15,835.33) EACH, BEGINNING ON OR BEFORE DECEMBER 22 OF THE
FISCAL YEAR FOLLOWING THE YEAR IN WHICH THE PROJECT IS COMPLETED AND
CONTINUING THEREAFTER UNTIL SAID PRINCIPAL AND INTEREST HAVE BEEN PAID
IN FULL.
2. PAYMENT OF ANY INSTALLMENT SHALL BE FIRST APPLIED TO ACCRUED INTEREST
FROM THE DATE OF DISBURSAL TO THE BORROWER AND THE BALANCE, IF ANY,
TO PRINCIPAL. THE BORROWER MAY PREPAY THIS NOTE IN FULL OR IN PART,
WITHOUT PENALTY, BUT ANY SUCH PREPAYMENT SHALL BE FIRST APPLIED TO
PRINCIPAL AND THE BALANCE, IF ANY, TO ACCRUED INTEREST.
3. IF ANY INSTALLMENT IS NOT PAID WITHIN 30 DAYS AFTER ITS DUE DATE, THE
COMMISSION, AT ITS OPTION MAY REQUIRE THE BORROWER TO PAY A LATE
CHARGE EQUAL TO 5% OF THE AMOUNT OF THE INSTALLMENT, OR $5, WHICHEVER
IS GREATER.
4. FOR NON-GOVERNMENTAL BORROWERS OF A LOAN OF $25,000 OR MORE, THE
INDEBTEDNESS EVIDENCED BY THIS NOTE IS MADE PURSUANT TO A LOAN
AGREEMENT BETWEEN THE BORROWER AND THE COMMISSION AND IS SECURED
BY MEETING THE FINANCIAL REQUIREMENTS APPROVED BY THE COMMISSION, OR
A LETTER OF CREDIT OR A DEED OF TRUST.
5. ON THE OCCURRENCE OF ANY EVENT OF DEFAULT, THE COMMISSION, AT ITS
SOLE ELECTION, MAY DECLARE ALL OR ANY PORTION OF THE PRINCIPAL
AND ACCRUED INTEREST ON THIS NOTE TO BE IMMEDIATELY DUE AND PAYABLE
AND MAY PROCEED AT ONCE WITHOUT FURTHER NOTICE TO ENFORCE THIS NOTE
ACCORDING TO LAW.
6. EACH OF THE FOLLOWING OCCURRENCES SHALL CONSTITUTE AN EVENT OF
DEFAULT:
A. FAILURE OF THE BORROWER TO REPAY ANY PRINCIPAL OR INTEREST WHEN
DUE UNDER THE TERMS OF THIS NOTE:
B. TERMINATION OF SAID LOAN AGREEMENT PURSUANT TO THE TERMS THEREOF
OR BREACH BY THE BORROWER OF ANY TERMS OF SAID LOAN AGREEMENT;
C. FAILURE OF THE BORROWER TO UNDERTAKE IN A TIMELY WAY THE
EXPRESS AND IMPLIED ACTIVITIES FOR WHICH SAID LOAN AGREEMENT
HAS BEEN EXECUTED OR A SUBSTANTIAL REDUCTION BY THE BORROWER
IN THE SCOPE OF SAID ACTIVITIES;
D. OCCURRENCE OF (1) THE BORROWER'S BECOMING INSOLVENT OR BANKRUPT
OR BEING UNABLE OR ADMITTING IN WRITING ITS INABILITY TO PAY ITS
DEBTS AS THEY MATURE OR MAKING A GENERAL ASSIGNMENT FOR THE
BENEFIT OF OR ENTERING INTO ANY COMPOSITION OR ARRANGEMENT WITH
CREDITORS; (2) PROCEEDINGS FOR THE APPOINTMENT OF A RECEIVER,
TRUSTEE, OR LIQUIDATOR OF THE ASSETS OF THE BORROWER OR A
SUBSTANTIAL PART THEREOF, BEING AUTHORIZED OR INSTITUTED BY OR
AGAINST THE BORROWER; OR (3) PROCEEDINGS UNDER ANY BANKRUPTCY,
REORGANIZATION, READJUSTMENT OF DEBT, INSOLVENCY, DISSOLUTION,
LIQUIDATION OR OTHER SIMILAR LAW OR ANY JURISDICTION BEING
AUTHORIZED OR INSTITUTED AGAINST THE BORROWER.
7. NO DELAY OR FAILURE OF COMMISSION IN THE EXERCISE OF ANY RIGHT OR
REMEDY HEREUNDER OR UNDER ANY OTHER AGREEMENT, WHICH SECURES OR
IS RELATED HERETO, SHALL AFFECT ANY SUCH RIGHT OR REMEDY, AND NO
SINGLE OR PARTIAL EXERCISE OF ANY SUCH RIGHT OR REMEDY SHALL
PRECLUDE ANY FURTHER EXERCISE THEREOF, AND NO ACTION TAKEN OR
OMITTED BY COMMISSION SHALL BE DEEMED A WAIVER OF ANY SUCH RIGHT
OR REMEDY.
8. ANY NOTICE TO THE BORROWER PROVIDED FOR IN THIS NOTE SHALL BE GIVEN
BY MAILING SUCH NOTICE BY CERTIFIED MAIL ADDRESSED TO THE BORROWER
AT THE ADDRESS STATED IN THE LOAN AGREEMENT, OR TO SUCH OTHER
ADDRESS AS THE BORROWER MAY DESIGNATE BY NOTICE TO THE COMMISSION.
ANY NOTICE TO THE COMMISSION SHALL BE GIVEN BY MAILING SUCH NOTICE
BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE COMMISSION AT
THE ADDRESS STATED IN THE LOAN AGREEMENT, OR AT SUCH OTHER ADDRESS
AS MAY HAVE BEEN DESIGNATED BY NOTICE TO THE BORROWER.
9. IF SUIT IS BROUGHT TO COLLECT THIS NOTE, THE COMMISSION SHALL BE
ENTITLED TO COLLECT ALL REASONABLE COSTS AND EXPENSES OF SAID SUIT,
INCLUDING REASONABLE ATTORNEY'S FEES.
10. THIS NOTE SHALL BE BINDING UPON THE BORROWER AND ITS SUCCESSORS
AND ASSIGNS AND UPON THE COMMISSION AND ITS SUCCESSORS AND ASSIGNS.
11. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF CALIFORNIA.
BORROWER C' of San Jun a ' trano
BY t�
G
TITLE Stephen B. Ju ian, City Manager
03/16/87 CAOORNIA ENERGY COMMISSION PAGE 1
E N E R G Y C O N S E R V A T I O N A S S I S T A N C E L 0 A N S
LOAN AMORTIZATION SCHEDULE
LOAN NUMBER 377-000
ORGANIZATION CITY OF SAN CAPISTRANO
LOAN AMOUNT 126,800.00
ANNUAL INTEREST RATE 8.00:
NUMBER OF SEMIANNUAL PAYMENTS 11
ESTIMATED LOAN START DATE 04/01/87
ESTIMATED PROJECT COMPLETION DATE 09/30/87
ASSUMED FIRST PAYMENT DATE 12/22/88
DATE
TRANSACTION
AMOUNT
ACCRUED
PRINCIPAL
UNPAID
INTEREST
REDUCTION
PRINCIPAL
04/01/87
DISBURSEMENT
126,800.00
126,800.00
06/22/88
AMORTIZATION
DATE
12,450.72
126,800.00
12/22/88
PAYMENT
NO.
01
15,835.33
17,536.62
0.00
126,800.00
06/22/89
PAYMENT
NO.
02
15,835.33
6,759.39
9,075.94
117,724.06
12/22/89
PAYMENT
NO.
03
15,835.33
4,721.86
11,113.47
106,610.59
06/22/90
PAYMENT
NO.
04
15,835.33
4,252.74
11,582.59
95,028.00
12/22/90
PAYMENT
NO.
05
15,835.33
3,811.53
12,023.80
83,004.20
0612219I
PAYMENT
NO.
06
15,835.33
3,311.07
12,524.26
70,479.94
12/22/91
PAYMENT
NO.
07
15,835.33
2,826.92
13,008.41
57,471.53
06/22/92
PAYMENT
NO.
08
15,835.33
2,305.16
13,530.17
43,941.36
12/22/92
PAYMENT
NO.
09
15,835.33
1,762.47
14,072.86
29,868.50
06/22/93
PAYMENT
NO.
10
15,835.33
1,191.47
14,643.86
15,224.64
12/22/93
PAYMENT
NO.
11
15,835.29
610.65
15,224.64
0.00