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General Obligation Bonds <br />Golf Course Bonds - 2002 <br />Revenue Bonds <br />Sales Tax Refunding Revenue <br />Bonds- 2003 <br />Total General Obligation and <br />Revenue Bonds <br />Debt Service and Financial Obligations <br />Summary Schedule of Bonds and Notes <br />Interest <br />Coupons <br />Outstanding <br />12/31/03 <br />338,875 <br />Principal <br />Balance <br />12/31/03 <br />2,020,000 <br />Total <br />Payment <br />Outstanding <br />12/31/03 <br />2,358,875 <br />678,339 3,830,000 4.508,339 <br />1,017,214 5,850,000 6,867,214 <br />2004 Payments <br />Interest Principal Balance <br />Payments Payments 12/31/04 <br />Maturity <br />Date <br />61,713 200,000 1.820,000 2012 <br />121,523 330.000 3,500,000 2013 <br />183,236 530,000 5,320,000 <br />Water Notes <br />1992 Colorado Water Resources & <br />Power Development Authority 1,362,347 4,475,000 5,837,347 267,942 380,000 4,095,000 2012 <br />2003 Colorado Water Resources & <br />Power Development Authority <br />Total Water Notes <br />Total Bonds and Notes <br />5,927,806 13,800,000 19,727,806 438,681 500,000 13.300,000 2024 <br />7,290,153 18,275,000 25,565,153 706,623 880,000 17,395,000 <br />8,307,367 24,125,000 32.432.367 889,859 1,410,000 22.715,000 <br />* In addition to the above bonds and notes, at the November 2003 election, the City of Louisville voters approved a bond issue to pay <br />for construction of a new library facility. The ballot question approved the issuance of bonds not to exceed a principal amount of <br />$7,405,000. Currently, the projected annual debt repayment is approximately $586,400 and will be paid through an additional mill levy <br />not to exceed 1.581 mills. The bonds are expected to be issued in early 2004. <br />21 <br />