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MEMORANDUM <br /> adommum ummmummans TOs MAYO* AMO BIT, COUNCIL <br /> rApAC: ANNE TTE A. CAA** <br /> 011 AO MIMIC TAATON <br /> !A rt1 September 9, 1992 <br /> Early Retirement of the Jinc n► Leasing Corporation Capital Loose <br /> • SJSGTt (Property at 717 Main St. - Chamber Hou sri <br /> ORI**ATON OEr *AtTN**f: Financial /General Services <br /> SIIMISAAY: <br /> At the finance committee meting on July 17th, finance committee members <br /> discussed the early retirement of the Jinco Leasing Corporation (Property at 717 Main <br /> Street- Chamber House) Capital Lease. <br /> Loan Arrlount: $ 154.525.00 <br /> Current balance: ♦ 78,639.30 <br /> Quarterly Payment: • 5.373.90 <br /> Date of Loan 9 -1 -86 <br /> Maturity: 9 -1 -96 <br /> Interest Rats: 6.875% <br /> Early retirement welt result in a *11,575.38 reduction of future interest expense*. <br /> AECOWMEMQA1IOW <br /> Finance committee is recommending City Council authorize the Jinco Leasing <br /> Corporation Capital Leese to be paid in full. *78,639.30 plus accrued interest of <br /> *1.141.62 <br /> r• <br /> $USJIZGT AseM1fA TIM <br /> EARLY RETIREMENT OF THE 3 <br /> J1NCO LEASING CORPORATION <br /> CAPITAL LEASE <br /> CITY OF LOUISVILLE <br />