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410 FirstSouthwest <br />A Division of Hilltop Securities. <br />Date: <br />To: <br />From: <br />Re: <br />April 27, 2021 <br />Kevin Watson, Finance Director, City of Louisville, CO <br />Jim Manire, Director, Hilltop Securities Inc. <br />City of Louisville <br />Proposed General Obligation Transportation Bonds <br />Summary of Preliminary Debt Structures <br />Here's summary of the preliminary debt structures we provided on April 23, which are intended <br />to be used in the City's discussion of possible ballot language for a bond election, and the <br />related TABOR requirements. <br />Anticipated Financing Schedule <br />Preliminary Discussions: <br />Bond Election: <br />Bond Sale: <br />First Interest Payment: <br />First Mill Levy Certification: <br />TABOR Election Requirements <br />April, 2021 <br />November, 2021 <br />June, 2022 <br />December, 2022 (paid with capitalized interest) <br />December, 2022 (for collection year 2023) <br />Maximum Amount of Authorized Debt <br />Project Costs: $ 50,000,000 <br />Capitalized Interest 1,008,235 <br />Est. Financing Costs: 411,765 <br />Total Debt: $ 51,420,000 <br />Maximum Total Repayment and Annual Repayment Costs <br />20-year Term (thru 2032): <br />30-year Term (thru 2042): <br />Total Cost <br />$ 76,703,200 <br />$ 90,239,200 <br />Max. <br />Annual Cost <br />$ 3,786,000 <br />$ 2,976,600 <br />Assumed Interest Rate: 4.00% (Current market +1.50%) <br />Est. <br />Mill Levy <br />5.45 mills <br />4.30 mills <br />pg. 1 <br />Agenda Packet P. 20 <br />