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<br />- 14 - <br />Estimated Calendar Year Debt Service Payments Including the Bonds (Continued) <br /> <br /> G.O. Tax G.O. Tax <br /> Increment Debt Abatement Debt <br /> Principal Principal <br />Year Principal & Interest Principal & Interest <br /> <br />2021 (at 7-15) (Paid) $ 16,263 (Paid) $ 6,730 <br />2022 $245,000 272,504 $335,000 345,980 <br />2023 265,000 282,016 350,000 355,763 <br />2024 280,000 285,775 45,000 47,575 <br />2025 50,000 51,625 <br />2026 50,000 50,563 <br /> <br />Total $790,000 $856,558 $830,000 $858,236 <br /> <br /> <br /> G.O. Utility <br /> Revenue Debt Lease Obligations <br /> Principal Principal <br />Year Principal & Interest Principal & Interest <br /> <br />2021 (at 7-15) (Paid) $ 110,821 (Paid) $ 58,394 <br />2022 $ 600,000 811,760 $ 185,000 299,013 <br />2023 615,000 806,608 190,000 298,388 <br />2024 640,000 810,446 200,000 302,538 <br />2025 660,000 809,206 205,000 301,463 <br />2026 550,000 687,682 210,000 300,238 <br />2027 570,000 677,881 215,000 298,863 <br />2028 440,000 527,706 220,000 297,338 <br />2029 460,000 529,757 230,000 300,588 <br />2030 435,000 491,381 235,000 298,613 <br />2031 450,000 496,147 245,000 301,106 <br />2032 460,000 495,444 250,000 298,063 <br />2033 470,000 494,338 260,000 298,800 <br />2034 480,000 492,788 270,000 298,200 <br />2035 345,000 348,450 280,000 297,200 <br />2036 290,000 295,800 <br /> <br />Total $7,175,000(a) $8,581,415 $3,485,000(b) $4,544,605 <br /> (a) 76.0% of this debt will be retired within ten years. (b) 61.3% of this debt will be retired within ten years. <br />