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Debt Service and Financial Obligations
<br />Description of Bonds and Notes
<br />2003 Colorado Water Resources and Power Development Authority Note Payable
<br />This note was issued in 2003, backed by bonds issued at a face amount of $13,800,000 at 2.0% to 4.125% interest.
<br />The note was issued to finance the purchase of water right s and the completion of various infrastructure water and
<br />wastewater system projects, as well as to refinance an existing loan with t he Colorado Water Conservation Board.
<br />The source of payment for this loan come s from all water and wastewater revenues.
<br />Y ear Interest AmountPrincipal AmountTotal PaymentPrincipal Balance
<br />2011 9,500,000
<br />2012 344,119 595,000 939,119 8,905,000
<br />2013 327,013 615,000 942,013 8,290,000
<br />2014 308,563 630,000 938,563 7,660,000
<br />2015 288,875 650,000 938,875 7,010,000
<br />2016 267750 670000 937750 6340000 2016 267 ,750 670 ,000 937 ,750 6 ,340 ,000
<br />2017 245,138 695,000 940,138 5,645,000
<br />2018 220,813 720,000 940,813 4,925,000
<br />2019 194,713 745,000 939,713 4,180,000
<br />2020 166,775 775,000 941,775 3,405,000
<br />2021 137,325 800,000 937,325 2,605,000
<br />2022 105,325 835,000 940,325 1,770,000
<br />2023 71 ,925 870 ,000 941 ,925 900 ,000 ,,,,
<br />2024 37,125 900,000 937,125 -
<br />Total $2,715,456 $9,500,000 $12,215,456
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