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Debt Service and Financial Obligations <br />Description of Bonds and Notes <br />City of Greeley, Colorado Lease Payable <br />Year Interest AmountPrincipal AmountTotal PaymentPrincipal Balance <br />2011 315782 <br />This lease with option to purchase is for three units of Windy Gap water. The lease required a front-end payment of <br />$788,000 on November 1, 1994 with subsequent payments, subj ect to annual appropriations, on or before April 1. <br />The lease was capitalized at the present value of $708,457. <br />2011 315 ,782 <br />2012 16,803 45,219 62,022 270,563 <br />2013 13,899 48,125 62,024 222,438 <br />2014 11,372 50,625 61,997 171,813 <br />2015 8,719 53,344 62,063 118,470 <br />2016 5,923 57,750 63,673 60,720 <br />2017 3,036 60,719 63,755 - <br />Total 59752 315781 375533 Total 59 ,752 315 ,781 375 ,533 <br />14