41. financing information late 2010

8/10/2019 41. Financing Information Late 2010

1/9

The Corporation

of

the Township of Ghatsworth

Amortization

Schedule

for

$1,200,000.00

Demand Loan

(2319

6008-531)

Loan

Value Monthly Principal Monthly lnterest at Prime rate

(3o/o

as of todays date)

*taken

on22nd of

month

*taken

on

last day

of

month

$1,200,000.00 $6,666.67

$1,193,333.33 $6,666.67

$1,186,666.66 $6,666.67

$1,179,999.99

$6,666.67

$1,173,333.32 $6,666.67

$1,'166,666.65 $6,666.67

$1,159,999.98

$6,666.67

$1,153,333.31

$6,666.67

$1,146,666.64

$6,666.67

$1,139,999.97 $6,666.67

$1,133,333.30

$6,666.67

$1,126,666.63

$6,666.67

$1,119,999.96

$6,666.67

$1

,1

1 3,333.29

$6,666.67

$1,106,666.62 $6,666.67

$1,099,999.95

$6,666.67

$1,093,333.28

$6,666.67

$1,086,666.61

$6,666.67

$3,000.00

$2,983.33

$2,966.67

$2,950.00

$2,933.33

$2,916.67

$2,900.00

$2,883.33

$2,866.67

$2,850.00

$2,833.33

$2,816.67

$2,800.00

$2,783.33

$2,766.67

$2,750.00

$2,733.33

92,716.67

Since

loan

was

advanced

on December 22nd, monthly

principal

payments

of

$6,666.67

will

be

taken on the

22nd

of each month

**lnterest

payments

are

taken

on

the

last

day of

each

month.

Since

loan is held

at variable

rate

the

interest is

calculated

based on the

#

of days in

the

month.


2/9


3/9

BMO

O

Bank

of Montreal

The

Corporation

of

the

Township

of

Chatsworth

BMO

Bank

of

Montreal

Financing

This

letter

is

for

discussion

and

negotiation

purposes

only and

is

not a

statement

of intent

or comm.itment

on the

part

of the

Bank

or

the

Borrower

LOAN

PURPOSE:

To

fund

50%

of

bio

digester

plant

in

partnership

with

The

Corporation

Of The

Township

of

Georgian

Bluf.

REPAYMENT:

Repayment

to

be

over

240 months

amortization,

with

principal

payments

plus

interest payable

monthly,

subject

to

the

Bank's

right

of review

at

any

time

and

in

any

event

no

less

frequently

than

annually.

If Bio

Digester

is

however

treated

as

an

equipment

asset

and

depreciated

over

5

years by accountant, repayment

to

be

over

84

months

amortization.

A

varible

rate

option

is.available

for

a

one

year

open

term

at

Prime.

As

of July

l4u',

BMO

Bank

of Montreal

prime

rlate

is 2.5o/o.

&.-sa

,

A fixed

rate

option

is

available

&

rates

will

be

provided

upon

request.

Given

100%

of the

loan

will

be

held

on a

variable

floating

interest

rate,

there is no

penalty incurred

for

prepayment

of

loan

at

any

time.

An interest

rate

differential

penalty

would

be

incuned

ONLY

if

loan

were

held

under

a frxed

rate

option.

INTEREST

RATE:

PREPAYMENT

ELIGIBILITY

Josh

Woelfle

Tel.

519-376-4372

Fax.

519-376-6917

joshua.woelfl [email protected]

-

(qq

lo

rr

on

5

1rs

BMo

Bank

of Montreal

899 2d Avenue East

owen Sound,

0N

N4K

2H2

Tel.:

(519)

376'4130

,\ menrbcrof BIvtO

@

Finatrc

(;roup


4/9

BMO

O

Bank

of Montreal

BMO

Bank

of

Montreal

899 2nd Ave

East

Owen

Sound,Ontario

N4K 5P3

Tel.:519-376-4130

Fax:519-371-4565

LETTER

OF

INTENT

TO:

The Corporation

of the

Township

of

Chatsworth

RE:

Bio

Digester

Financing

IN

CONSIDERATION

of

the

financial

request

to

fund

a

Bio Digester

project,

BMO

Bank

of

Montreal

conftrms

that

financing

has

been

arrangecl

and is

ready

foi

avance

subject

to

terms

and conditions

as

discussed

with

our

client.

DATED

at

)u

t

Soortd

,

Ontariothis9

day

of

SEle^6ef

,2010

Woelfle

Commercial

Account

Manager

8gg 2nd

Ave

East

Owen

Sound,

Ontario

Ph:519-376-4372

Fax:

519-376-6917

;\

nrcnrlx'rof

BIO

@

l'inDcl

Croup


5/9

APPENDIX

B-

FINANCING

PLAT

or{TARtof,-

m':i::

tOWtf

AtfllOtY

La

F.re7.re.7

FTCOTflRACT

FORM OF

FIMNCING

PTAN

ffi

.povrrantlrclty, on.cr

[email protected]

Capitallzed

tems

nol defined hercin have the

meanirs

ascribed

heb in

ths

FIT

Conrac,t

Te

Supplier

ls

submitting

he

following financing lnformaon in support

of lts

Noce To Proceed Request

punuant

to

&e

requkemenb

of S,lion 2.4

(bXl

of the Contact:

The Suppller rprssonb

to

fte

OPA

ftat

all

he

statements, dta, and lnfomation set out ln

this

Financing Pln

are

complete

and

aunte

in

all material respec{s, and there

is

no

matedal infomaon

omitted from

hls Financing Plan

trnt makes

p

infomaton ntainod

hereh

misleading

or

inacorate.

Signed

is

day of

[Legd

]bme

of

theSuppllcl

Pe

Name:

e:

hr

,..

r,'.'

..j-

.,j

:..

.

..

tblrof

S

e+,n2o,

rrra

uMcot-

*,


6/9

Date of Advance December

22,2010

Original Loan

$1,200,000.

Month

Year

Payment Interest Balance

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

20tt

6666.67

20tt

6666.67

20tt

6666.67

20tI

6666.67

20rr

6666.67

20tt

6666.67

20tt

6666.67

20tt

6666.67

20tt

6666.67

20t1

6666.67

20tt

6666.67

20tI

6666.67

20t2

6666.67

20t2

6666.67

20t2

6666.67

2012 6666.67

2012

6666.67

20t2

6666.67

2012

6666.67

2012

6666.67

20t2

6666.67

2012

6666.67

2012

6666.67

2012

6666.67

2013

6666.67

2013

6666.67

2013

6666.67

20t3

6666.67

2013 6666.67

2013

6666.67

2013

6666.67

2013 6666.67

2013

6666.67

2013 6666.67

2013

6666.67

2013 6666.67

3000.00

2983.33

2966.67

29s0.00

2933.33

2916.67

2900.00

2883.33

2866.67

2850.00

2833.33

2816.67

2800.00

2783.33

2766.67

27s0.00

2733.33

27t6.67

2700.00

2683.33

2666.67

2650.00

2633.33

2616.67

2600.00

2583.33

2566.67

2550.00

2533.33

25t6.67

2500.00

2483.33

2466.67

2450.00

2433.33

24t6.67

1193333.33

r186666.66

rr79999.99

tt73333.32

1166666.65

1159999.98

1153333.31

1146666.64

t139999.97

1133333.30

tt26666.63

t1t9999.96

1113333.29

1106666.62

1099999.95

t093333.28

r086666.61

\079999.94

1073333.27

1,066666.60

10s9999.93

t053333.26

1046666.59

1039999.92

t033333.25

1026666.58

t0t9999.9r

10t3333.24

1006666.57

999999.90

993333.23

986666.56

979999.89

973333.22

966666.ss

959999.88


7/9

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

2014

2014

20t4

20t4

20t4

2014

2014

20t4

20r4

2014

2014

2014

2015

20t5

2015

2015

2015

20r5

20ts

2015

2015

2015

2015

2015

2016

2016

20r6

2016

20r6

2016

2016

2016

2016

2016

2016

20t6

2017

2017

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

2400.00

2383.33

2366.67

2350.00

2333.33

23t6.67

2300.00

2283.33

2266.67

22s0.00

2233.33

22t6.67

2200.00

2183.33

2166.67

2r50.00

2133.33

2116.67

2100.00

2083.33

2066.67

2050.00

2033.33

20r6.67

2000.00

r983.33

1966.67

1950.00

1933.33

1,916.67

1900.00

r

883.33

1866.67

18s0.00

1833.33

t8t6.67

1800.00

1783.33

953333.2r

946666.54

939999.87

933333.20

926666.53

919999.86

913333.19

906666.s2

899999.85

893333.1

8

886666.51

879999.84

873333.17

866666.s0

859999.83

853333.16

846666.49

839999.82

833333.

l

5

826666.48

819999.81

813333.r4

806666.47

799999.80

793333.r3

786666.46

779999.79

773333.12

766666.4s

7s9999.78

7s3333.tr

746666.44

739999.t7

733333.t0

726666.43

7t9999.76

7t3333.09

706666.42


8/9

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

20t7

20t7

2017

2017

20t7

2017

2017

2017

2017

2017

2018

20r8

20r8

20r8

2018

2018

2018

20t8

2018

2018

2018

2018

2019

2019

2019

2019

20t9

20t9

20t9

20t9

20r9

20r9

20t9

20t9

2020

2020

2020

2020

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

1766.67

1750.00

1733.33

17t6.67

1700.00

1683.33

1666.67

1650.00

1633.33

1616.67

1600.00

1583.33

1566.67

1550.00

1533.33

1516.67

1500.00

1483.33

t466.67

1450.00

t433.33

1416.67

1400.00

1383.33

1366.67

1350.00

1333.33

t316.67

1300.00

1283.33

1266.67

12s0.00

t233.33

t216.67

1200.00

1183.33

1166.67

I150.00

699999.75

693333.08

686666.41

679999.74

673333.07

666666.40

6s9999.73

653333.06

646666.39

639999.72

633333.0s

626666.38

619999.7r

613333.04

606666.37

s99999.70

593333.03

586666.36

579999.69

s73333.02

s66666.3s

ss9999.68

553333.01

546666.34

s39999.67

533333.00

526666.33

519999.66

513332.99

s06666.32

499999.65

493332.98

486666.31

479999.64

473332.97

466666.30

4s9999.63

453332.96


9/9

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec

2023

2023

2023

2023

2023

2023

2024

2024

2024

2024

2024

2024

2024

2024

2024

2024

2024

2024

2A2s

202s

2025

2025

2025

202s

202s

2025

202s

2025

202s

2025

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.67

6666.07

s00.00

483.33

466.67

450.00

433.33

416.67

400.00

383.33

366.67

350.00

333.33

316.67

300.00

283.33

266.67

250.00

233.33

2t6.67

200.00

183.33

166.67

150.00

133.33

t16.67

100.00

83.33

66.67

50.00

33.33

t6.67

193332.83

186666.16

t79999.49

t73332.82

t66666.15

159999.48

153332.81

146666.14

139999.47

133332.80

126666.t3

119999.46

113332.79

106666.t2

99999.45

93332.78

86666.1

I

79999.44

73332.77

66666.10

s9999.43

53332.76

46666.09

39999.42

33332.75

26666.08

19999.41

t3332.74

6666.07

0.00

*

The

business

loan

calculator

assumes: a

constant interest rate

throughout the amortization

41. financing information late 2010

Documents