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Debt Service and Financial Obligations <br />Description of Bonds and Notes <br />2013 Water & Wastewater Enterprise Revenue Refunding Bonds <br />These bonds were issued in 2013 to refund the 2003 Colorado Water Resources and Power Development Authority <br />Note Payable. This note was issued in 2003, backed by bonds issued at a face amount of $13,800,000 at 2.0% to <br />4.125% interest. The note was issued to finance the purchase of water rights and the completion of various <br />infrastructure water and wastewater system projects, as well as to refinance an existing loan with the Colorado Water <br />Conservation Board. The refunding bonds were issued in the amount of $8,355,000 at an interest rate of 2.47%. The <br />source of payment for this loan comes from all water, wastewater, and storm water utility revenues. <br />Year <br />2020 <br />2021 <br />2022 <br />2023 <br />2024 <br />Total <br />Interest Amount <br />81,881 <br />62,244 <br />41,990 <br />21,242 <br />207,357 <br />Principal Amount Total Payment <br />795,000 <br />820,000 <br />840,000 <br />860,000 <br />3,315,000 <br />876,881 <br />882,244 <br />881,990 <br />881,242 <br />3,522,357 <br />Principal Balance <br />3,315,000 <br />2,520,000 <br />1,700,000 <br />860,000 <br />17 <br />