City of Minneapolis

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

THEATRE OPERATING RESULTS

2002

2003

CONTRACT EXECUTION

YEARS 1 - 5

YEARS 6 - 10

YEARS 11 - 15

YEARS 16 - 20

YEARS 21 - 25

YEARS 26 - 30

ALL YEARS

OPERATING REVENUES

Purchase Option Fee

$

2,222,500

2,222,500

Rent Due Under Contract

500,000

562,800

652,400

756,300

876,800

1,016,400

21,823,500

Net Box Office Revenues

536,417

518,098

-

-

Interest Income

15,052

9,852

-

-

Gross Use Fees

1,178,859

1,141,980

-

-

-

Net Concession and Merchandise

504,387

433,667

-

-

TOTAL OPERATING REVENUE

$

2,234,715

2,103,597

2,222,500

500,000

562,800

652,400

756,300

876,800

1,016,400

24,046,000

TOTAL OPERATING EXPENSES

$

2,543,664

2,494,236

-

-

-

-

-

-

-

-

ANNUAL NET OPERATING CASH OUTFLOW

$

(308,949)

(390,639)

2,222,500

500,000

562,800

652,400

756,300

876,800

1,016,400

24,046,000

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

DEBT SERVICE RESULTS

2002

2003

CONTRACT EXECUTION

YEARS 1 - 5

YEARS 6 - 10

YEARS 11 - 15

YEARS 16 - 20

YEARS 21 - 25

YEARS 26 - 30

ALL YEARS

RESTORATION FEE INCOME

$

1,210,820

UNKNOWN

NA

NA

NA

NA

NA

NA

NA

NA

DEBT SERVICE PAYMENT - CITY OF MINNEAPOLIS

$

1,205,898

1,205,898

NA

NA

NA

NA

NA

NA

NA

NA

INCREASE OR DECREASE IN DEBT SERVICE RESERVE

$

4,922

-

NA

NA

NA

NA

NA

NA

NA

NA

ANNUAL NET DEBT SERVICE INCOME (EXPENSE)

$

-

UNKNOWN

NA

NA

NA

NA

NA

NA

NA

NA

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

CAPITAL PURCHASES

2002

2003

CONTRACT EXECUTION

YEARS 1 - 5

YEARS 6 - 10

YEARS 11 - 15

YEARS 16 - 20

YEARS 21 - 25

YEARS 26 - 30

ALL YEARS

ANNUAL CAPITAL PURCHASES CASH FLOWS

$

81,535

411,188

NA

152,300

176,500

204,600

237,200

275,000

318,800

6,822,000

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

RENT/MANAGEMENT

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

W/PURCHASE OPTION

ANNUAL NET CASH FLOW ALL SOURCES

2002

2003

CONTRACT EXECUTION

YEARS 1 - 5

YEARS 6 - 10

YEARS 11 - 15

YEARS 16 - 20

YEARS 21 - 25

YEARS 26 - 30

ALL YEARS

ANNUAL NET OPERATING, NET DEBT SERVICE

AND CAPITAL PURCHASES

$

(390,484)

UNKNOWN

2,222,500

347,700

386,300

447,800

519,100

601,800

697,600

17,224,000

TOTAL 2003 CASH OUTFLOW FOR CITY OF MINNEAPOLIS.