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Annual Debt Service Payments Including this Issue
<br /> G.O. Debt
<br /> Supported Primarily by G.O. Debt Supported
<br /> Special Assessments by Tax Increments
<br /> Principal Principal
<br /> Year Principal & Interest Principal & Interest(a)
<br /> 1996 (at 4-2) (Paid) $ 46,608.75 (Paid) $ 78,191.25
<br /> 1997 $ 55,000 147,100.00 $ 540,000 826,052.50
<br /> 1998 100,000 188,677.50 365,000 616,682.50
<br /> 1999 100,000 184,005.00 175,000 413,938.75
<br /> 2000 105,000 184,095.00 265,000 493,472.50
<br /> 2001 105,000 178,942.50 275,000 489,347.50
<br /> 2002 115,000 183,405.00 255,000 455,105.00
<br /> 2003 115,000 177,490.00 265,000 450,712.50
<br /> 2004 120,000 176,336.25 280,000 450,435.00
<br /> 2005 135,000 184,542.50 300,000 453,955.00
<br /> 2006 140,000 182,097.50 310,000 446,372.50
<br /> 2007 145,000 179,258.75 330,000 447,670.00
<br /> 2008 150,000 176,010.00 355,000 452,397.50
<br /> 2009 160,000 177,218.75 375,000 450,532.50
<br /> 2010 130,000 138,835.00 395,000 447,177.50
<br /> 2011 85,000 87,507.50 165,000 198,937.50
<br /> 2012 180,000 201,000.00
<br /> 2013 190.000 197,125.00
<br /> Total $1,760,000(b) $2,592,130.00 $5,020,000(c) $7,569,105.00
<br /> (a) Includes this Issue at an assumed average annual rate of 7.4%.
<br /> (b) 68.1%of this debt will be retired within ten years.
<br /> (c) 60.4%of this debt will be retired within ten years.
<br /> Revenue Debt
<br /> Principal
<br /> Year Principal & Interest
<br /> 1996 (at 4-2) (Paid) $ 4,487.50
<br /> 1997 $ 85,000 91,850.00
<br /> 1998 90.000 92.362.50
<br /> Total $175,000 $188,700.00
<br /> Summary of Debt
<br /> Gross Less: Debt Net
<br /> Debt Service Funds(a) Direct Debt
<br /> G.O. Debt Supported Primarily by
<br /> Special Assessments $1,760,000 $ (377,657) $1,382,343
<br /> G.O. Debt Supported by Tax Increments 5,020,000 (1,344,906) 3,675,094
<br /> Revenue Debt 175,000 (b) 175,000
<br /> (a) Debt service funds are as of March 31, 1996 and include money to pay both principal and interest. •
<br /> (b) Paid directly from revenues of the enterprise funds.
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