Scribd Logo
Upload

Welcome to Scribd!

  • 19-TC Nurfc Presentation Notes

    Uploaded by

    COAST
    10 views2 pages
    There are three liens in question totaling $237,000 from a contractor named Berry that one attorney, Tom Rocco, believes is valid. The sponsor needs a clean title opinion from their own counsel before legal agreements can be signed. Projected expenses are expected to be reduced by $1.25 million between 2006 and 2008 through cost cuts of $0.89 million, a loss of Department of Energy funding of $0.5 million, and other necessary cuts. Historical financial data from 2004-2007 is presented showing pre-depreciation surpluses and losses. Interest rates being paid and received on loans and investments are provided.

    Original Description:

    Original Title

    19-TC nurfc presentation notes

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    There are three liens in question totaling $237,000 from a contractor named Berry that one attorney, Tom Rocco, believes is valid. The sponsor needs a clean title opinion from their own counsel before legal agreements can be signed. Projected expenses are expected to be reduced by $1.25 million between 2006 and 2008 through cost cuts of $0.89 million, a loss of Department of Energy funding of $0.5 million, and other necessary cuts. Historical financial data from 2004-2007 is presented showing pre-depreciation surpluses and losses. Interest rates being paid and received on loans and investments are provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views2 pages

    19-TC Nurfc Presentation Notes

    Uploaded by

    COAST
    There are three liens in question totaling $237,000 from a contractor named Berry that one attorney, Tom Rocco, believes is valid. The sponsor needs a clean title opinion from their own counsel before legal agreements can be signed. Projected expenses are expected to be reduced by $1.25 million between 2006 and 2008 through cost cuts of $0.89 million, a loss of Department of Energy funding of $0.5 million, and other necessary cuts. Historical financial data from 2004-2007 is presented showing pre-depreciation surpluses and losses. Interest rates being paid and received on loans and investments are provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Nurfc;

    Title opinion;

    Three liens in question. Nurfc disputes liens


    and contractors have yet to enforce.

    Tom Rocco has concluded the largest lien


    for $237K is in full effect (Berry is
    contractor’s name)

    Sponsor is clear we require a clean title


    opinion from sponsor’s counsel before we
    sign legal agreements.

    Expense reduction per Proforma

    2006; 9.24M 2007: 8.35M


    2007: 8.35M 2008 : 7.60M
    Cost cut.890 projected cost cut .750
    Loss of DOE .500
    Necessary cost cut 1.25M

    I:\nurfc request pdfs\S Drive Commission Meeting and Info folder\TC nurfc presentation notes.doc
    Predepreciation surplus ‘04’ 05

    Loss per financial (55,287) (2,581,849)


    Depreciation 2,333,677 4,520,234
    Pre-dep surplus 2,278,390 1,938,385

    06 07
    Loss per financial (777,198) proforma 800,000

    Depreciation 4,473,639 0
    Pre-dep surplus 3,696,441 800,000

    Investment 06 07

    Per financial $24.6M

    Interest rates

    Interest rates paying on LOC 5.25%


    Interest rate receiving on 4.75
    Basis spread (currently) .50 basis

    I:\nurfc request pdfs\S Drive Commission Meeting and Info folder\TC nurfc presentation notes.doc

    You might also like