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UTILITY REVENUE DEBT` <br /> Est. Principal <br /> Date Original Final Outstanding <br /> of Issue Amount Purpose Maturity As of 3-13-14 <br /> 3-28-07 $2,875,000 Electric Revenue 2-1-2022 $1,960,000 <br /> 3-13-14 2,125,000 Electric Revenue Refunding <br /> (the Bonds) 8-1-2018 2,125.000 <br /> Total $4,085,000 <br /> * Excludes the Refunded Maturities. <br /> Estimated Calendar Year Debt Service Payments <br /> Utility Revenue Debt <br /> Principal <br /> Year Principal & Interest* <br /> 2014 (at 3-13) $ 430,000 $ 477,274 <br /> 2015 630,000 723,113 <br /> 2016 635,000 716,673 <br /> 2017 650,000 719,093 <br /> 2018 670,000 724,480 <br /> 2019 250,000 287,800 <br /> 2020 260,000 287,600 <br /> 2021 275,000 291,900 <br /> 2022 285,000 290,700 <br /> Total $4,085,000 $4,518,633 <br /> Includes the Bonds at an assumed average annual interest rate of 1.22% and excludes the Refunded <br /> Maturities. <br /> FUTURE FINANCING <br /> The City anticipates issuing general obligation sewer bonds in the Spring of 2014. <br /> LITIGATION <br /> Neither the City nor the Commission are aware of any threatened or pending litigation affecting <br /> the validity of the Bonds or the City's or Commission's ability to meet its financial obligations. <br /> - 21 - <br /> 102 <br />