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City of Louisville
<br />General Obligation Bond
<br />1992 Golf Course
<br />The Bonds were issued in 1992 at a face amount of $5,160,000 at 3.7% to 6.7% interest.
<br />The Bonds were used for refunding the City's 1988 Certificates of Participation, which
<br />were issued to construct the City's eighteen hole municipal golf course. Golf course user
<br />fees are the source of payment
<br />Year
<br />Interest Principal Total Balance
<br />Amount Amount Payment Outstanding
<br />1996 $4,135,000
<br />1997 257,960 280,000 537,960 3,855,000
<br />1998 243,120 295,000 538,120 3,560,000
<br />1999 226,895 310,000 536,895 3,250,000
<br />2000 209,225 325,000 534,225 2,925,000
<br />2001 190,050 345,000 535,050 2,580,000
<br />2002 169,350 365,000 534,350 2,215,000
<br />2003 145,990 390,000 535,990 1,825,000
<br />2004 121,030 415,000 536,030 1,410,000
<br />2005 94,470 440,000 534,470 970,000
<br />2006 64,990 470,000 534,990 500,000
<br />2007 33,500 500,000 533,500 0
<br />TOTAL $1,756,580 $4,135,000 $5,891,580 $0
<br />25
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