1. CRA Refinancing
CRA Refinancing

2. Current CRA Loan Branch Banking and Trust Company (BB&T)
Loan Balance $3,360,000
Interest Rate %
Average Annual Payment $365,000
Maturity Date December 1, 2024
CRA Refinancing

3. Refinancing Branch Banking and Trust Company (BB&T)
Loan Balance $3,360,000
Interest Rate %
Approximate Annual Savings $37,000
Estimated Savings Over Life of Loan $444,000
Estimated PV Savings Over Life of Loan $384,000
CRA Refinancing

4. New Loan Branch Banking and Trust Company (BB&T)
Remaining Loan Balance $3,360,000
New Monies $2,240,000
Total Loan Amount $5,600,000
Interest Rate %
Average Annual Payment $526,000
Maturity Date October 1, 2024
FY 2013 Budgeted Tax Revenues  $1,335,700
CRA Refinancing

5. Questions?
CRA Refinancing