Kingston Sports and Entertainment Centre
BIA Contribution
Source:	Report to Council 05-315			Download this Excel Spreadsheet
Taxpayers borrow $3M and hold this debt in exchange for a 30-year commitment from the BIA,
with an effective fixed rate of 4.57%
	Year	Flows
Debt assumed by taxpayers	0	-$3,000,000		IRR:	4.57%
First year BIA payment	1	$80,000		Assumed Rate	NPV ($M)
4.5% yearly increase	2	$83,600		3.5%	$557,435
	3	$87,362		4.0%	$280,934
	4	$91,293		4.5%	$34,535
	5	$95,401		5.0%	-$185,286
	6	$99,695		5.5%	-$381,609
	7	$104,181		6.0%	-$557,130
	8	$108,869		6.5%	-$714,211
	9	$113,768		7.0%	-$854,922
	10	$118,888		7.5%	-$981,085
Add $60k per year	11	$184,238		8.0%	-$1,094,300
	12	$192,528		8.5%	-$1,195,977
	13	$201,192		9.0%	-$1,287,357
	14	$210,246		9.5%	-$1,369,539
	15	$219,707		10.0%	-$1,443,491
	16	$229,594
	17	$239,925
	18	$250,722
	19	$262,004
	20	$273,795
	21	$286,115
	22	$298,990
	23	$312,445
	24	$326,505
	25	$341,198
	26	$356,552
	27	$372,597
	28	$389,363
	29	$406,885
	30	$425,195