CT2015-069 Loan Payment Deferment Request

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.� - �- :� -�a � - i :s. . � A��ttd�� E��tit �� �:.�- - � • , ., s t . - • � a . - ,, � ; �.' +. �r• • a - y-� � ,,. -i .�t �. a- - s i t �'� 1 ►�•- s: - - - a. -a ■: � t � • ' ��. ,..:t �, .* - �i� i, _ !, Defermer�t �equest and Loan Restructure Piar� The A�th�r�ty has prov�decE a wr�tten request ta defer the 2[}17 p��fpat p�yme�ts �n i�s thr-ee CVt�C� toans, a�d tc� �e-am�rtiz� the pr�neipat over �he rema�nie�g �4 y��rs �n �rc�er t� �aintain the orig�nat �� year terr€�. VV�th fhe request, ttae Au�harity �rovided a Sched�t� �f Estisnated Scs�rees and �ses €�E funds thr�ugh th� year 2031. Th� A�sthority has �am€nitted to st�fl make payrraents f�� eued i�ter�s� ��r� �ach Es�an`s respeC�ive annuat payment date in 2t317. � summary of th� or�ginat toan �erms and the requested restructa�reci tc�a� terms �r� p��set�ted �r� ��a�1r�; 2 f�r comparas�r�. !� ZOi7, the A�thority`s ann�at principaE arad 9nterest payrxses�t witl b� redu�et� fccr�� $7�4,650.5$ tcs an interest �s�Ey pay€�ent of $24Q,�2t�.�ie The c�sh sav�ri�s tn�Ei go towards Ek�e �ay Partnership settterrrent, T'�e rernair�ing ann�at p�ymer�ts wil! increase fr�m 5724,65Q.58 t� $766,?05.21 B As r�quired by Che to�n contr�cts, the Authar�t� wiit st�tt set aside 10� of th� ��c�� l€��r� payrst�r�t int� a r�s�rve acca�ant, beginnirsg 4n 2t�i �. TABLE 2: St1MMARY OF LOAN RESTRUCiURING � r •I � 1 1 - - s ' + �s a •a + , . . . � � . � � � • '1 r � e � � ;: I , • , � ' . , .. , 1 ' ' t"iiii�i"iiii E ;� [ ��_ � ' �` ' .. ��: • • ..� i , . . .. �' . e � . .� i� � � �-.... � � e.<• � _ .�� . � • • �� . - ��-. .. !; ; s,` r s . - � i. : � � � - t, a • s - ). • • a.; � �. . � - • s- • - i �•• e:� • •R y i -t rr • � � •►�'�i.. �.a - • • ■ . ! � .� - ■ - i • � -- s t�,- r r-t t• � �.s:� r - ia' a - e` - f � .� ; 's; # s �. - -a - - a a., - t- - � s. •. • # • t a ■.�. • !�; '1.... .l�� ' ' :��_ i� . • .E,.." l�` 3: i '�i. T. :-�:i' � ' �'-.. i. . � �" ! : - � - � � � � ��. � i �': ► ' •: 1'