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City of Louisville <br />Bond Debt <br />1994 Sewer Revenue Bond <br />The bonds were issued in 1994 at a face amount of $2,320,000 at 3% to 4.9% interest. <br />The Bonds were used for refunding the City's 1989 Sewer Revenue Refunding Bonds. <br />Sewer tap fees and sewer assessment fees are the source of payment. <br />Year <br />Interest Principal Total Principal <br />Amount Amount Payment Balance <br />1996 $1,700,000 <br />1997 77,990 210,000 287,990 1,490,000 <br />1998 69,275 220,000 289,275 1,270,000 <br />1999 59,815 230,000 289,815 1,040,000 <br />2000 49,465 240,000 289,465 800,000 <br />2001 38,425 255,000 293,425 545,000 <br />2002 26,440 265,000 291,440 280,000 <br />2003 13,720 280,000 293,720 0 <br />TOTAL $335,130 $1,700,000 $2,035,130 $0 <br />28 <br />