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HomeMy Public PortalAboutORD11456 ..,r..,t. !�. ot'ld��x'irt�e.�n�Sry'`dr �yt ..... ...: ., •�' , .., ..''::s .�t � J . .: t,r ;: t9. •y;��,A"367� �Y"�3��s"�.ri�i�ir�, r"' ie } � '.;3 r4.yt i'tS���.pp ;,�,t ��'�'� c ;':. 3 tt r rr .;e st��• !3tt�t •'{ti� 'iFt�, i . '� `t i44..h�?•?' 'N�'''+f�`t 9. a-t t�`�_ �1't ;.f., ry iyS 4 .�itr k .'ttf `' -. L s r}1 .� i. a x .f:y4 ', .fF'�t}t ;,..•ty tie. t�7�t�•Y.�,u: tt s ,.._ c•: �. ,. I75 ...; t r. r -Delis 4 {4'htrF:S J � C c 4"�"t }tr :�AtF '' )°� "F'1-,,:.t°% 2 r `� .c,. t t rt n } ,'tA�P +' X t7• yy t r}r¢¢ Q.s � € a ���+�i i .� � ... .. "t ..;ar t 4•(.�'S a;a�°'t;7 ,ri �yyt 7r t BILL NO. 90-66 SPONSORED BY COUNCILMAN SCHEULEN ORDINANCE NO. S6 � x> AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT WITH JEFFERSON CITY MANUFACTURING COMPANY TO AMEND THE TERMS OF A MODAG LOAN. BE IT ENACTED BY THE COUNCIL OF THE CITY OF JEFFERSON, MISSOURI, ;.I AS FOLLOWS: iq Section 1. The Mayor and City Clerk are hereby authorized and directed to execute an agreement with Jefferson City Manufacturing ' Company to amend the terms of a MODAG loan. �. { Section 2 . The agreement shall be substantially the same in f° form and content as that agreement attached hereto as Exhibit A. Section 3 . This Ordinance shall be in full force and effect , from and after the date of its passage and approval . � ' ¢ ` Passed ?�/cS4 Approved L d fl' /SSO esidi fficer ayor � n"(" ATTEST: 'f. City. Clerk r �•r t. r% ,x C� Y? n z}� ttS�e tipp. 'Si T' "yyi ��jyj� ,ry C' T ri:t•rM..•){t t( t tF. 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'�' fi� { t , t ,�•t� �, iti.�'f"^ t ;?hri'+f:'� ,.o,"`ft.. .YS., Ll AMENDMENT TO AGREEMENT �Y=������• Come now Jefferson City Manufacturing Company, Inc. , a Missouri corporation, hereinafter referred to as "Company" , and the r;> ; E � � City of Jefferson, Missouri, a constitutional charter city, re`,tr hereinafter referred to as ,City,, , and enters into this amendment to an agreement dated October 21, 1985, x' WITNESSETH: WHEREAS, Company and City entered into an agreement dated ,,;a October 21, 1985, involving a certain loan fund, repayment i}'t t schedule and interest rate, and •';Y,f IJf WHEREAS, it is in the interest of both parties to ensure the continued viability of the Company by lengthening the time of loan repayment and by increasing the interest rate to be paid on the iF loan, and as requested a modification to be made to WHEREAS, Company h q ... the agreement pertaining to the length of the repayment schedule {:r • ;r in exchange for which City has requested an increase in the ` . ?. ' interest rate. °< NOW, THEREFORE, in consideration of the following terms, covenants, ''` and conditions, and the continued repayment of the loan funds, the �1` parties agree as follows: 1. The loan shall be refinanced over the next five (5) years, beginning with the May, 1990, payment, as shown on Attachment A" . :'. j� 2 . Company shall pay an increased interest rate of 8 . 5%, rx . calculated from April , 1990 . a91t- 3 . All other parts of the agreement shall remain unchanged and in full force and effect. s! 4 . This amendment is subject to written approval by the ,..' Missouri Division of Community and Economic Developmezit. set their hands on this 27th r IN WITNESS WHEREOF, the parties have day of August, 1990- ' l ° JEFFERSON CITY MANUFACTURING CITY OF JEFFERSON v " a COMPANY, INC. �.,,-}�., ATTEST: h. : rt ,,;. ATTEST: S '� r Title City Clerk Accounting Supervisor ,t�' �..w+- ^^�^ .,.....�...u..w...�^•! ^" +Nrlw?LidSiitNV-0 f��•i'�rk�''�'Y�.}*1Py ''i.��'ri4tv��a�� �{SAY i(.,p�y'.q'.11e �!r G yy 71 ,r•' { f1 f !.: 'i"-1t f.+fr.F+.y{+i'SUf� � � • art '£,,,,nie'e 11•. !. k+.t'.t'f;r �;i'1'f Y�t?°- ' 7 f. oS �� � � F .ud: r� J x sd. { 1 � � AtF. f �• .{ t£ t:P Sn;'f;' : r/Th.t !f�( {,ifii: 'r.l}!,t..} r7 t. t{{,, 'S�^f r. .,:'. tr {• r `.1( ..�, tt:i t' t t, t4�'�: .Mr&{r�{.R.gg'y 1 S_A;<��/.r t x j S�tti`,tr`t'x'?'�g 1"'%',�f t A H{<Pr�s•'SF i tCl.,'�'.rt'a c.F fa d F(j}t�r.", r,t r F t t r.,i`-, �i t rrl�. ,�i{.;;l y J 7 t r.1 .r 't { t �t •. ,l F J 1 r 2yA;t.�.'f'. ��° �ti^A,�'E�'�t 1�,r•'':Y i.f b�R7�{y e 2:t K lf7�i",..�s Y t�\f 4s':•s,t ttf1,'yT'y'l;K' ON e<+�{5�%`(1 ha �.' , ev i`' h .tr f• w `t 41' E , .....--•P+---"--f-�••�r. -- --•-----,ems- •-..�.-•T-f--T.. t �''�°-". ...tX?S �.S11i iti,:d5ix4:t,u#,l.�hiz t:1�'�4.211�F4':IS,..-ts•it Yt%, .l:4,Y.9 i.... t.a... ., ..�.T , ,.x ... w ,•iTt"�'++L.•n.,,..,...._... .......re.,.,�.e.+w w.e.r +nwwY aul wx.x•4mwaNw..a..INw+arw.-i��..,w,ll .�de:`�.22 t r tv yrJt ATTACHMENT A MODAG-Re flyme nt Jefferson it Mfg. Co. Inc. y'skw°''` paym with re-financing 83-00-361A 83-00-3618 r a „ F Y Mont h Princi l Interest Payment Interest Princi l z Balance Rate Amount9a :,•. 85 86 1-12 195 000.00 5% 0.00 9,750.00 0.00 86 87 13 12 -8b 204,75 0.00 0.625% 4 950.63 1 279.69 3,670.94 f � 86 87 14 01 -87 20-1,079.06 0.625% 4,950.63 1 256.74 3 693.89 86 87 15 02 -87 197 385.17 0.625% 4,950.63 1,233.66 3,716.97 86 87 16 03 -87 193 668.20 0.625% ___4,950.63_ 1,210.4 3 3 740.20 86 87 17 04 -87 189 928.00 0.625% 4,950.63 1 187.05 3 763.58 86 87 18 05 -87 186 164.42 0.625% 4,950-6-3- 1 163.53 3,787.10 LY" 86 87 19 06 -87 182 377.31 0,625% 4,950.63 1,139.86 3,810.77 ,F 86 87 20 07 -87 178 566.54 0.625% 4,950. 1,116. 3 834.59 86 87 21 08 -87 174 731.95 0.625% 4,950.63 1,092.07 3,858.56 "'{ -• 86 87 22 09 -87 170 873.40 0.625% 4,950.63 1 067.96____3,882.67 ..t'. 86 87 23 10 -87 166 990.73 0.625% 4,950.63 1,043.69 31906.94 86 87 24 11 -87 163 083.79 0.625% 4,950.63 1,019.27 3,931.36 87 88 25 121-87 159 152.43 0.625% 4,950.63 994.70 3 955.93 87 88 26 Oil-88 155 196.50 0.625% 4 950.63 969.98 3 980.65 87 88 27 02 -88 151 215.85 0.625% 4,950.6 945.10 4 005.53 87 88 28 03 -88 147 210.32 0.625% 4,950.63 920.06 41030.57 ' 87 88 29 04 -88 143 179.76 0.625% 4,950.63 894.87 4 055.76 87 88 30 05 -88 139 124.00 0.625% 4,950.63 869.52 41081.11 87 88 31 06,-88 135 042.89 0.625% 4 950.63 844.02 4 106.61 87 88 32 071-88 130 936.28 0.625% 4,950.63 818.35 4,132.28 87 88 33 08 -88 126 804.00 0.625% 4,950.63 792.53 4,158.10 87 88 34 09 -88 122 645.90 0.625% 4 950.63 766.54 4,184.09 87 88 35 10 -88 118 461.81 0.625% 4,950.63 740.39 4,210.24 87 88 36 11 -88 114 251.56 0.625% 41950.63 714.07 4 236.56 4. 88 89 37 12 -88 110 015.00 0.625% 4,950.63 687.59 41263.04 88 89 38 01 -89 105 751.97 0.625% 4,950.63 660.95 4,289.68 88 89 39 021-89 101 462.29 0.625% 4,950.63 634.14 4,316.49 ::;:::,:•, 88 89 40 031-89 97 145.80 0.625% 4,950.63 607.16 4,343.47 I 88 89 41 041-89 92 802.33 0.625% 4,950.63 580.01 4,370.62 ,>TM art 88 89 42 051-89 88 431.71 0.625% 552.70 552.70 0.00 88 89 43 061-89 88 431.71 0.625% 552.70 552.70 0.00 88 89 44 071-89 88 431.71 0.625% 552.70 552.70 0.00 88 89 45 081-89 88 431.71 0.625% 552.70 552.70 0.00 �p 1. 88 89 46 09 -89 88 431.71 0.625% 552.70 552.70 0.00 -K-3 irY1ki;,• 88 89 47 10 -89 88 431.71 0.625% 552.70 552.70 0.00 88 89 48 11 -89 88 431.71 0.625% 552.70 552.70 0.00 " �11DA,: 89 90 49 12 -89 88 431.71 0.625% 552.70 552.70 0.00 89 90 50 Ol -90 88 431.71 0.625% 552.70 552.70 0.00 ?�kyar��?r�r, 89 90 51 02 -90 -88-,4-3-1.71 0.625% 552.70 552.70 0.00 89 90 52 03 -90 88 431.71 0.625% 552.70 552.70 0.00 > , 89 90 53 04 -90 88 431.71 0.625% 552.70 552.70 0.00 ` "' >krtt '4 *8 90 54 OS -90 88,431.71 0.7083% 1,814.31 626.39 1,187.92 89 90 55 061-90 87 243.79 0.7083% 1,814.31 617.98 19196.33 4' 'r:1, `'•' 89 90 56 071-90 86 047.45 0.7083% 1,814.31 609.50 1,204.81 '- 89 90 57 081-90 84 842.65 0.7083% 1,814.31 600.97 1,213.34 Jy Y 89 90 58 09 -90 83 629.31 0.7083% 1,814.31 592.37 1,221.94 89 90 59 10 -90 82 407.37 0.7083% 1 814.31 583.72 1 230.59 90 91 60 11 -90 81 176.78 0.7083% 1,814.31 575.00 1,239.31 90 91 61 12 -90 79 937.47 0.7083% 1,814.31 566.22 1,248.09 90 91 62 1 -91 78,689.39 0.7083% 1,814.31 557.38 1,256.93 F Al. 90 91 63 21-91 _77 432.46 0.7083% 1,814.31 548.48 1,265.83 90 91 64 31-91 76 166.63 0.7083% 1,814.31 539.51 1,274.80 ;.t 90 91 65 4 -91 74 891.83 0.7083% 11814.31 530.48 1 283.83 � 90 91 66 5 -91 73 608.01 0.7083% 1,814.31 521.39 1,292.92 90 91 67 6 -91 72 315.09 0.7083% 1,814.31 512.23 1,302.08 'Y 90 91 68 7 -91 71 013.01 0.7083% 11814.31 503.01 1,311.30 90 91 69 8 -91 69 701.71 0.7083% 1,814.31 493.72 1,320.59 "xl 90 91 70 9 -91 68 381.12 0.7083% 1,814.31 484.37 1,329.94 +. 90 91 71 10 -91 67 051.17 0.7083% 1,814.31 474.95 1,339.36 91 92 72 11 -91 65 711.81 0.7083% 11814.31 465.46 1,348.85 91 92 73 12 -91 64 362.96 0.7083% 1 814.31 455.90 1 358.41 ' 91 92 T4 1 -92 63 004.55 0.7083% 1,814.31 446.28 1,3 68.03r<;' i � a 91 92 75 2 -92 61 636.52 0.7083% 1,814.31 436.59 1,377,721 ..._.......- -.,......- _..+..v.-..r.... ,v4•e..•w+,•.n c'T tl .Syl•�.s��'..fh+'b}'nE �` �nli:+ y t a� 7+ !z ^ t j'X . .' y'x i b<1`i• "�:. i '.'shts'Jj`•��.sr{'� t` r;'f sS�} R � �'� ' j.t. .i� :� +s.+4 Y `A4t•ry 4�{ }iil)��fi�l,.VV�`;�,� ir? r �rx 4't' + � !.} { 4.!: i• l r ;S :r rti' S tF r!", ({ 'YZ�trr.{� M.�., q yx{�` ..T '. •i Rt C.125 ir)f f( t i T +' S 't " .`t�,,tri rv.,,ia, �','° + i''•!( �r` .... i ,�7'.i 1L fit+' •,a�.br J.•fi�':;lk`.:+,' i �: t :+': . . �. ..yj 7 k 1(s �t�'� +• 5!f�,xtn'�d'r,k y��'s�� "e t ; s r '..{ t .. - t tt.! fri" t 3 -ts.•k'•k + S ;i:•,;t��,��s4q rY�55rlr r'r t 4r� '} �s }4r y .. z !.'�, ,t4: `'t��.I,YYS�„''''iii«�y�y� i sa `�i j r s}' 2 •; 1 -u}G i .r,` .1' E'.+� �a H.k,�s s^4$G�di}`��fj�t . .j .t..• ,. ,: '' : . ._ �` t ,1�� y '.1 taX Kwti"`'i 4 t +�i:�# katlU�ixGaZ"kt'fi;Nih�r3a .. .��>s "l.: +raaxa�roYr?:a'.aF's�aeWret+xnab/Arat M 't 1{` ;t � cs • 1, 91 921 76 3 -92 60 258.81 0.7083% 1 814.31 426.83 1,387.4 v'� a>; 91 921 77 4 -92 58 871.33 0.7083% 1,814.31 417.01 1,397.3 i 41 921 78 5 -92 57,474.02 0.7083% 1,814.31 407.11 1,407.20 91 92 79 6 -92 56 066.82 0.7083% 1,814.31 397.14 1,417.1 91 92 80 7 -92 54,649.65 0.7083% 1 814.31 387.10 1,427.21 91 92 81 81-92 53 222.44 0.7083% 1,814.31 376.99 1,437.32 91 92 82 9 -92 51 785.13 0.7083% 1,814.31 366.81 1,447.50 91 92 83 10 -92 50,337.63 0.7083% 356.56 92 7.31 11 -92 48 879.88 0.7083% 1,814.31 346.23 1,468.08 92 93 85 12 -92 4714-11.8-0- 0.7083% 1.814 31 335.83 1,478.48 y,.: r. •, 92 93 86 1 -93 4-5,93-3-3.2 0.7483% 1 1,814.31 325.36 92 93 87 21-93 1 44 444.37 0.7083% 1,814.31 314.81 1,499.50 92 93 88 3 -93 42 944,88 0.7083% 1,814.31 304.19 1,510.12 92 93 89 4 -93 41 434.76 0.7083% 1,814.31 293.50 1,520.81 rr 3ra• . 42 93 90 51-93 39 913.95 0.7083% 1,814.31 282.72 1,531.59 92 93 91 6 -93 38 382.36 0.7083% 1,814.31. 271.88 1,542.43 92 931 92 7 -93 36 839.92 0.7083% 1,814.31 260.95 1,553.36 92 931 93 8 -93 35 286.56 0.7083% 1 814.31 249.95 1,564.36 92 931 94 9 -93 33 722.20 0.7083% 1,814.31 238.87 1 1,575.44 r;. :,;, +.., ,,. . 92 93 95 10 -93 32 146.76 0.7083% 1,814.31 227.71 1,5a6.60 .�r�;'��:,.,�;�4it;, 93 941 96 111-93 30 560.15 0.7083% 1,814.31 216.47 1,597.84 93 941 97 121-93 28 962.31 0.7083% 1,814.311 205.15 1,609.16 r: 93 941 98 11-94 27 353.15 0.7083% 1,814.31 193.75 1,620.56 :rr 93 94 99 2 -94 25 732.59 0.7083% 1,814.31 182.27 1,632.04 { 43 94 100 3 -94 24 100.55 0.7083% 1,814.31 170.71 1643.60 93 94 101 4 -94 22 456.96 0.7083% 1,814.31 159.07 1,655.24. 93 94 102 5 -94 20 801.72 0.7083% 1,814.31 147.35 11666.96 94 103 6 -94 19 134.75 0.7083% 1,814.31 135.54 1,678.77 -,.;�.i;�.;;•,;�;: 93 94 104 7.-94 17 455.98 0.7083% 1,814.31 123.65 1,690.66 93 941 105 81-94 1 15 765.32 0.7083% 1,814.31 111.67 1,702.64 ' ';'< '`t;•. 93 941 106 9 -94 14 062.68 0.7083% 1 814.31 99.61 1,714.70 93 94 107 10 -94 12 347.98 0.7083% ___1,814.31 87.46 1726.85 S 7,.,,,..•. 94 95 108 11 -94 10 621.13 0.7083% 1,814.31 75.23 1739.08 ''>��,�'<�J_,rv`�"=rt.J• 94 45 109 12 -94 8882.06 0.7083% 1,814.31 62.91 1751.40 `._ 94 95 110 1 •95 7,130.66 0.7083% 1 814.31 50.51 1,763.80 94 95 111 2 -95 5.366.86 0.7083% 1 814.31 38.02 1,776.29 94 951 112 3 -95 3,590.56 0.7083% 1 814.31 25.43 1,788.88 94 45 113 4 -45 1,801.69 0.7083% 1,814.45 12.76 1,801.69 0.00 259 059.41 54 309.39 204 750.02 �•""rz's�y 'r 10 -96 .: w;.: .'fir•' reques t for refinancing over additional 5 Years Ichange rate to 8.5% annual rate `;t '" p,,}f2jj;; �Y } w . 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