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Debt Service and Financial Obligations
<br />Description of Bonds and Notes
<br />Limited Tax General Obligation Library Bonds Series 2004
<br />On January 21, 2004, the City issued Limited Tax General Obligation Library Bonds Series 2004 in the amount of
<br />$7,405,000 at 2.0 °% to 4.25°'0 to finance the construction of a new Library. The bonds are limited tax general
<br />obligation bonds of the City payable from the Limited Tax Levy levied on the taxable property located within the
<br />City and other available City funds. The current levy rate is 1.526 not to exceed 1.581
<br />Year Interest Amount Principal Amount Total Payment Principal Balance
<br />2009 5,660,000
<br />2010 207,353 315,000 522,353 5,345,000
<br />2011 198,533 325,000 523,533 5,020,000
<br />2012 188,783 335,000 523,783 4,685,000
<br />2013 178,733 350,000 528,733 4,335,000
<br />2014 167,533 360,000 527,533 3,975,000
<br />2015 155,653 375,000 530,653 3,600,000
<br />2016 142,715 390,000 532,715 3,210,000
<br />2017 128,675 405,000 533,675 2,805,000
<br />2018 113,690 425,000 538,690 2,380,000
<br />2019 97,540 435,000 532,540 1,945,000
<br />2020 80,575 450,000 530,575 1,495,000
<br />2021 62,575 475,000 537,575 1,020,000
<br />2022 43,100 500,000 543,100 520,000
<br />2023 22,100 520,000 542,100
<br />Total 1,787,558 5,660,000 7,447,558
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