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PAGE TWO <br />SUBJECT: DEBT SUMMARY <br />DATE: NOVEMBER 15, 2010 <br />Direct: <br />City of Louisville $ 6,400,000 100.00% $ 6,400,000 <br />Overlapping: <br />Boulder Valley School <br />District No. RE -2 385,285,000 9.11% 35,099,464 <br />Colorado Tech Center <br />Metropolitan District 13,199,786 100.00% 13,199,786 <br />Northern Colorado Water <br />Conservancy District 4,154,461 3.17% 131,696 <br />Subtotal Overlapping Debt 402,639,247 48,430,946 <br />Total direct and overlapping debt <br />11otes: <br />City of Louisville, Colorado <br />Computation of Direct and Overlapping Bonded Debt <br />As of December 31, 2009 <br />Jurisdiction 11] <br />Net General Percentage Amount <br />Obligation Applicable Applicable <br />Bonded Debt to to <br />Outstanding Louisville Louisville <br />$ 811,678,494 $ 103,261,892 <br />(1; The following entities also overlap the City but have no general obligation debt outstanding <br />Louisville Fire District Boulder County and Urban Drainage and Flood Control District <br />Attached to this Council Communication form are a series of schedules. The first schedule, <br />from the City's 2010 budget document, provides a summary of all outstanding debt issues, <br />categorized by general obligation debt, revenue bonds, water notes, assessments, and leases. <br />The next six schedules provide a more detailed description of each debt issue, except for the <br />Golf Course Bonds, which were defeased in May 2010. <br />The final two attachments are Standard & Poor's Rating Summaries. In December 2007, <br />Standard & Poor's Rating Services affirmed its AA- underlying rating on the City's General <br />Obligation Library Bonds. In May 2010, Standard & Poor's Rating Services affirmed its A+ <br />underlying rating on the City's Sales Tax Revenue Refunding Bonds. <br />6 <br />