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City of Louisville, Colorado
<br />Estimated Debt Service and Tax Impacts for Proposed Bond Issue
<br />Sales New Mill Levy [1] Net Mill Levy [2]
<br />Tax Mill Annual Annual Mill Annual Annual
<br />Rate to Levy to Increase to Increase to Levy to Increase to Increase to
<br />Range of Estimated Range of Estimated Support Support Property Property Support Property Property
<br />Project Bond Debt Annual Annual Annual Tax On Tax On Annual Tax On Tax On
<br />Funding Issuance Issuance Debt Debt Debt $500,000 $500,000 Debt $500,000 $500,000
<br />Requiements Costs Amounts Service Service Service Residence Business Service Residence Business
<br />25,000,000 375,000 25,375,000 1,705,599 0.443% 2.941 117 426 1.415 56 205
<br />27,000,000 405,000 27,405,000 1,842,046 0.478% 3.176 126 461 1.650 66 239
<br />29,000,000 435,000 29,435,000 1,978,494 0.514% 3.411 136 495 1.885 75 273
<br />31,000,000 465,000 31,465,000 2,114,942 0.549% 3.646 145 529 2.120 84 307
<br />33,000,000 495,000 33,495,000 2,251,390 0.585% 3.882 154 563 2.356 94 342
<br />35,000,000 525,000 35,525,000 2,387,838 0.620% 4.117 164 597 2.591 103 376
<br />37,000,000 555,000 37,555,000 2,524,286 0.656% 4.352 173 631 2.826 112 410
<br />Notes:
<br />[1] New Mill Levy = Projected mill levy for debt service on the proposed Recreation Center Expansion bonds
<br />[2] Net Mill Levy = Projected mill levy for debt service on the proposed Recreation Center Expansion bonds, less the current mill levy
<br />for debt service on the Library Construction bonds. This mill levy is projected to expire after the 2018 collection year.
<br />Assumptions:
<br />• Estimated Interest Rate on Bonds at Time of Bond Issuance = 3.000%
<br />• Term of Bonds (in Years) = 20
<br />• Estimated Taxable Sales at Time of Bond Issuance = 385,000,000
<br />• Estimated Net Assessed Valuation at Time of Bond Issuance = 580,000,000
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