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Debt Service and Financial Obligations <br />Description of Bonds and Notes <br />1992 Colorado Water Resources and Power Development Authority Note Payable <br />This note was issued in 1992, backed by bonds that were issued at a face aunotunt of $7,500,000 at 3.8 o to 6.7 °o interest. <br />The note was used to construct a new 5,000,000 gallon- per -day water treatment facility, a raw water pipeline from an <br />existing reservoir, a treated water pipeline from the treatment plant to the existing distribution system, and a treated water <br />storage tank - all designed to facilitate handling system peak demands. Water tap fees are the source of payment. This <br />note requires monthly payments to an escrow account. This schedule shows the annual debt service to Colorado <br />Water Resources and Power Development Authority as paid from the escrow account. <br />Year <br />2009 <br />2010 <br />2011 <br />2012 <br />Tota l <br />Interest Amount Principal Amount <br />91,450 <br />54,290 <br />15,380 <br />$161,120 <br />Total Payment Principal Balance <br />10 <br />555,000 <br />595,000 <br />635,000 <br />646,450 <br />649,290 <br />650,380 <br />$1,785,000 $1,946,120 <br />1,785,000 <br />1,230,000 <br />635,000 <br />