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E~IBIT "L" <br /> <br />INTEREST TO SURPLUS PROPERTY ADT~ORITY <br /> <br /> SURPLUS <br />principal sum <br />on which pr~ <br />Interchange p <br />7.487769% pex <br />plus any acc! <br />for the COSTS <br />amount of th/ <br />shall be redu <br />CONSTRUCTION <br />entire princi <br />paid out for <br />IMPROVEFZENTS. <br /> <br />An exam <br /> <br />Princip <br /> Mon <br /> <br />for <br /> <br />Mo~ <br />Mo~, <br />fo: <br /> <br />In the event <br />portion of th <br />remains unspe <br />these funds a <br /> <br />PROPERTY AUTHORITY shall accrue interest on a <br /> of $2,135,250, beginning April 17, 1990, the date <br />SANTON obtained a right of entry to the Hacienda <br />ight of Way. Interest shall accrue at the rate of <br />annum as provided herein. From the principal sum, <br />ued interest thereon, PLEASANTON shall make payments <br /> OF CONSTRUCTION for ADDITIONAL IMPROVEMENTS. The <br />s principal sum, plus any accrued interest thereon <br />ced by PLEASANTON,s payments for the COSTS OF <br />for ADDITIONAL IMPROVEMENTS until such time that the <br />pal sum, plus accrued interest thereon, has been <br />the COSTS OF CONSTRUCTION for ADDITIONAL <br /> <br />le of these calculations is as follows: <br /> <br />1 <br />th 1 interest: <br />th 1 COST OF CONSTRUCTION <br />ADDITIONAL IMPROVEMENTS <br /> <br />$2,135,250 <br /> 13,324 <br /> <br />256.000) <br /> <br />th 2 interest <br />th 2 COST OF CONSTRUCTION <br />ADDITIONAL IMPROVE~ENTS <br /> <br />$1,892,574 <br /> 11,809 <br /> <br />315.000 <br /> <br />$1,589,383 <br /> <br />:hat the ADDITIONAL IMPROVEMENTS are completed and a <br />~ principal sum, plus accrued interest thereon, <br />%t, PLEASANTON shall pay SURPLUS PROPERTY AUTHORI~"~ <br /> provided in subparagraph 4(g). <br /> <br /> <br />