mirror-epstein-docs/results/IMAGES012/DOJ-OGR-00032937.json

{
  "document_metadata": {
    "page_number": "002/004",
    "document_number": null,
    "date": "09/30/2005",
    "document_type": "Comparison of Estimated Value and Performance Fee",
    "has_handwriting": false,
    "has_stamps": false
  },
  "full_text": "09/30/2005 10:35 FAX 6148388325 THE NEW ALBANY CO. 002/004 New Albany Company Georgetown \"Managed Properties\" Comparison of Estimated Value and Performance Fee For the Periods 1/1/2002 and 12/31/2004 Estimated Performance Fee Payable to Georgetown Initial Vested Amount (per agreement) Interest from the Effective date (see Schedule I, Section II Georgetown Capital) 20% of Estimated Incremental Change in Value (Future Amount, see calculation below) Estimated Performance Fee Payable $ 10,000,000 2,079,496 29,526,315 $ 41,605,811 $ 10,000,000 - - $ 10,000,000 $ 31,605,811 Calculation of Estimated \"Final\" Remaining Value Cash Flow from Managed Properties for the year 2002-2004(see Schedule II) Estimated Value of Managed Properties Remaining (1) Estimated \"Final\" Remaining Value $ 49,123,244 98,508,332 $ 147,631,576 $ - 85,000,000 $ 85,000,000 $ 62,631,576 Calculation of \"Beginning Value\" Plus \"Carry Cost\" Beginning Value Carry Cost (see Schedule I-1, Section III Summary of Capital Account Activity) \"Beginning Value\" Plus \"Carry Cost \" $ 85,000,000 14,949,562 $ - $ 85,000,000 (85,000,000) $ 14,949,562 Calculation of Estimated \"Future Amount\" Estimated \"Final\" Remaining Value \"Beginning Value\" Plus \"Carry Cost \" Estimated Incremental Change in Value (Future Amount) $ 147,631,576 (85,000,000) $ 62,631,576 $ 85,000,000 $ 85,000,000 - $ 147,631,576 20% of Estimated Incremental Change in Value (Future Amount) $ 29,526,315 $ - $ 29,526,315 (1) Estimated Value of Managed Properties Remaining Sell-Out Lands Estimated Cash Flow Discount on Sell-Out Lands Sell-Out Lands Estimated Value after discount Bulk Land (Licking County & Misc) Development Projects Duke JV Market Square (12/31/2004 value reflects mortgage) Duffy Condo JV Signature Office (to be transferred to Excluded Properties) JPI JV (Value/Payment included in Cash Flow from Managed Properties) New Albany Country Club (Assumed Value is zero as of 12/31/2004) Estimated Value of Managed Properties Remaining before Contingency and G&A Adjustment Contingency and G&A Adjustment Estimated Value of Managed Properties Remaining Estimate as of 12/31/2004* $ 155,614,000 (59,828,000) $ 95,786,000 19,100,000 2,266,332 3,054,000 750,000 700,000 - $ 121,656,332 (23,148,000) $ 98,508,332 As of 1/1/2002 $ 169,907,696 (117,236,310) $ 52,671,386 18,798,988 2,144,000 6,785,626 - - 600,000 4,000,000 $ 85,000,000 (23,148,000) $ 85,000,000 Estimated Change $ (14,293,696) $ 57,408,310 $ 43,114,614 301,012 122,332 (3,731,626) 750,000 700,000 (600,000) (4,000,000) $ 36,656,332 - $ 13,508,332 *Sell-Out Lands includes increases for properties purchased and decreases for properties sold during the 2002-2004 time period thereby making comparisons difficult. Prepared by Brent Bradbury 9/30/2005 07/26/17 Page 2624 Public Records Request No.: 17-295 DOJ-OGR-00032937",
  "text_blocks": [
    {
      "type": "printed",
      "content": "New Albany Company Georgetown \"Managed Properties\" Comparison of Estimated Value and Performance Fee For the Periods 1/1/2002 and 12/31/2004",
      "position": "header"
    },
    {
      "type": "printed",
      "content": "Estimated Performance Fee Payable to Georgetown Initial Vested Amount (per agreement) Interest from the Effective date (see Schedule I, Section II Georgetown Capital) 20% of Estimated Incremental Change in Value (Future Amount, see calculation below) Estimated Performance Fee Payable",
      "position": "middle"
    },
    {
      "type": "printed",
      "content": "Calculation of Estimated \"Final\" Remaining Value Cash Flow from Managed Properties for the year 2002-2004(see Schedule II) Estimated Value of Managed Properties Remaining (1) Estimated \"Final\" Remaining Value",
      "position": "middle"
    },
    {
      "type": "printed",
      "content": "Calculation of \"Beginning Value\" Plus \"Carry Cost\" Beginning Value Carry Cost (see Schedule I-1, Section III Summary of Capital Account Activity) \"Beginning Value\" Plus \"Carry Cost \"",
      "position": "middle"
    },
    {
      "type": "printed",
      "content": "Calculation of Estimated \"Future Amount\" Estimated \"Final\" Remaining Value \"Beginning Value\" Plus \"Carry Cost \" Estimated Incremental Change in Value (Future Amount)",
      "position": "middle"
    },
    {
      "type": "printed",
      "content": "(1) Estimated Value of Managed Properties Remaining Sell-Out Lands Estimated Cash Flow Discount on Sell-Out Lands Sell-Out Lands Estimated Value after discount Bulk Land (Licking County & Misc) Development Projects Duke JV Market Square (12/31/2004 value reflects mortgage) Duffy Condo JV Signature Office (to be transferred to Excluded Properties) JPI JV (Value/Payment included in Cash Flow from Managed Properties) New Albany Country Club (Assumed Value is zero as of 12/31/2004) Estimated Value of Managed Properties Remaining before Contingency and G&A Adjustment Contingency and G&A Adjustment Estimated Value of Managed Properties Remaining",
      "position": "middle"
    },
    {
      "type": "printed",
      "content": "*Sell-Out Lands includes increases for properties purchased and decreases for properties sold during the 2002-2004 time period thereby making comparisons difficult.",
      "position": "footer"
    },
    {
      "type": "printed",
      "content": "Prepared by Brent Bradbury 9/30/2005",
      "position": "footer"
    },
    {
      "type": "printed",
      "content": "07/26/17 Page 2624 Public Records Request No.: 17-295 DOJ-OGR-00032937",
      "position": "footer"
    }
  ],
  "entities": {
    "people": [
      "Brent Bradbury"
    ],
    "organizations": [
      "New Albany Company",
      "Georgetown"
    ],
    "locations": [
      "Licking County"
    ],
    "dates": [
      "1/1/2002",
      "12/31/2004",
      "9/30/2005",
      "07/26/17"
    ],
    "reference_numbers": [
      "17-295",
      "DOJ-OGR-00032937"
    ]
  },
  "additional_notes": "The document appears to be a financial report comparing estimated values and performance fees for the New Albany Company's Georgetown 'Managed Properties' between 1/1/2002 and 12/31/2004. The document is well-formatted and contains detailed financial calculations."
}