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DEBT <br />DIRECT DEBT' <br />General Obligation Debt (see schedules following) <br />Total g.o. debt being paid from tax increment revenues $3,390,000 <br />Total g.o. debt being paid from special assessments and taxes <br />(includes the Bonds of this offering) 2,340,000 <br />Total General Obligation Debt $5,730,000 <br />Outstanding debt is as of the dated date of the Bonds. <br />11 <br />