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<br />
<br />Hi_tory ofTjF .areement .~~.......
<br />'",-.- ,<i"-
<br />
<br />I don't mean to br''''uP~$t'h.Mrd)llt~ thiQlt it i~f~ in this case to
<br />p. ~o..Vide. sOf!le.......~. .... .IO,rw..........JIiek...' '.. gli.'. ,~,"."'.'.1.. m. cI\t.. ....~. i..........'lM'i.:..'.. a.'~. ~....... at. i~...o..fthe
<br />CltyCoun9!t$wW,ng.l!~~..', i ,'~.\".,.' . initially
<br />wh~n ~ tocated~ C~rvil/~ lok 1'4 . 6" agl'E''''~. Sf.l~~. '.>
<br />deCl~ to e>>Jl~irl2_~', ,'.,.., ," '","" ..co)..
<br />,(;;' '; -:-;,~:,,~.J- '\;::,:;, -~~'7:>, .".r;;,~~t,~_,~"~"'~.~~-.>~:,;_-,,,,"<':i'--_'--.':-':-':i~:;~'~,';~;~,:':'""~--_-, i,:;~t;:" ~~t :,:<;.
<br />,di~~ feel tht\tth '~i..':'~dflilftl~"'" t&~CJt~~~~'~botb'.
<br />.,~~ ' ~1\~ "'" - '" _,,~'_--' ",''',',' ,-~I~, _ .h_"- .Jt~'"
<br />: "artlesal1d I feel' ,.......~. .>., . ..'. . ',' . ". .' .'. ....'. \J . 'f.fn .., e '
<br />'~~~u~cu~~4~nr~:~~~$b~II~.iCtl~ '
<br />
<br />',.qUhd # of mw ~'1o be crel!lle<lj'Jet;,tl)f) ~~I TIF agreemePll '
<br />, -' :; '~' ,- - - > (
<br />
<br />In addition. the tax YlIlIueof our pt()~1s .mor,than 3 times the amount~
<br />#tan when we COrllpleted our iniIi$t f!ilc.i~ lit' 996.
<br />
<br />Her, are some additional itetn$ wGrtf1:mentioning;
<br />
<br />. In both our original llF agreement and the abatement agreement, the tax
<br />rate factors used In the ealculation of payouts per thl original agretments
<br />decreased over the life of the ~gre.menti in terms o(,now the fact~ .
<br />affected our payout. In b(1ttl'oases, this did not ~ultjnNFP payiAO lower
<br />taxes, in fact our overall tax.liability incre<!Sed. Tt\ls resulted as
<br />govemlTl8ntal shifting of who teeeived hOW much of Qlir tax payment
<br />occu,..(t;' .', ..... ..... ..
<br />. As itrlUtaI$ to our 11F agreeinljim,~ weregoit1g io end up rl:lbeiving only
<br />appr(t~y60% of the prit\9ipal and,iAter8it perth, origi",
<br />a9r~~t,' despite the fact~~t our'~~ .~~ ~p Sy,ry~~F.~~ring the .'
<br />
<br />· :N..... '.~ ..~ii.'......:..:~.... ij....._.....")PrO...,..ces.... '. S .of.. d..J.$...()tJ....'.. SS..: irltl...... ........'$/10...'.. .hra..............~....In~.:..........".'...:.......~:I.....~..... .............:.li.tv. oJ....'
<br />N~ ~n_swll$il~~;t~au...~".".
<br />officia' .. if}'l;~'.~~cf.,Jt_' ,;,:"jr
<br />
<br />· '~~~.""'. F....NI~~.J.i..!..:. ~'....;.lr:;L....~...d::.f:.~.~...~.rty.^..~::......... :.~ent
<br />
<br />was alft~dJt"in*ti"'\ ~iP:ex ", 'lfi C~..'.'
<br />,j ';~~.", _. ","'_"'::::-;.t~: ;'{\'<:}''-' ." ,.I, _.1> '. ~
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