How To Calculate Recurring Desposit Interest

inhabitants Council meeting on 10 December 2007

Tonight place in Aarau Einwohnerrat an important meeting place. With a message of 19 November 2007 requested the City Council to approve the Einwohnerrat, a preliminary contract to acquire the co-owner's share of the football stadium in South Torfeld for 17 million francs, thus enabling a stake in the company owning the stadium. In the affirmative case should also be a credit facility for yearly rent of 450,000 francs approved.

The mood in Parliament has

Obviously, the opposition of the stadium into a political group consisting of members from the party now! and joined the Greens. This will at today's meeting against the participation of a radioactive spa Rejection of request for to extend the planning phase and thus bring the project first before the people, when a detailed planning level is reached
contrast to defend himself with the supporters. First, the planning has progressed so far that is the right time now to look into the matter. Second, the participation of the city was an important signal for other investors (who make 17 million represents about half of the required capital) is that you are willing in Aarau, the field of industrial revenge Torfeld to find a solution to South.

If the loan today from Einwohnerrat and later rejected by the people is the future of Torfeld unclear. Certainly we speculated that Between the current tenants could stay longer in the competitive rental properties. In fact, the land owner but from mid-2008, HRS has the ability to sell the land in question to tear down, or to build without having to show consideration for planning needs of third parties or current tenant. The rulings of the 17 million loan it's not just the stadium, the city of Aarau secures Miteigeümerin as an important voice in relation to the development of Stastgebiets.

The request in the text:

first Of the preliminary contract may Einwohnerrat 8.11.2007 on the purchase of the undivided share football stadium in South Torfeld approved for CHF 17 million grant and thus any involvement in the company owning the stadium.

second Under the condition that the preliminary agreement for the purchase of the undivided share football stadium is approved, may the Einwohnerrat for multi-sport jacket uses a credit for yearly rent of CHF 450,000 (indexed, incl. VAT) grant plus fees .

The overall message can be downloaded from the website of the City Aarau.