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Atta 7.A. - Page 30
<br /> DEBT SERVICE REQUIREMENTS
<br /> The following table sets forth the annual installment payment requirements under the
<br /> Installment Purchase Agreement, the 2007 Installment Purchase Agreement and the 2006
<br /> Installment Purchase Agreement, providing revenues to support the Authority's debt service
<br /> requirements on the Bonds, the 2007 Bonds and the 2006 Bonds (assuming no optional
<br /> redemption or mandatory redemption from proceeds of insurance, sale or condemnation). The
<br /> obligation of the City to make Installment Payments under the Installment Purchase Agreement
<br /> is on a parity with its obligation to make payments under the 2007 Installment sale Agreement
<br /> and the 2006 Installment Purchase Contract.
<br /> 2006 2007 2013 Bonds
<br /> February 1 Total Total Principal Interest Total Total
<br /> 2014 $1,572,053.75 $ 950,450.00
<br /> 2015 1,569,013.75 948,575.00
<br /> 2016 1,569,593.75 946,025.00
<br /> 2017 1,573,906.25 947,800.00
<br /> 2018 1,571,200.00 948,675.00
<br /> 2019 1,571,600.00 945,875.00
<br /> 2020 1,570,800.00 947,475.00
<br /> 2021 1,573,800.00 947,675.00
<br /> 2022 1,569,356.25 947,050.00
<br /> 2023 1,573,675.00 949,950.00
<br /> 2024 1,570,212.50 946,787.50
<br /> 2025 1,570,262.50 947,775.00
<br /> 2026 1,573,612.50 947,700.00
<br /> 2027 1,570,050.00 950,793.75
<br /> 2028 1,569,787.50 947,575.00
<br /> 2029 1,572,612.50 948,262.50
<br /> 2030 1,571,862.50 947,637.50
<br /> 2031 1,568,925.00 950,700.00
<br /> 2032 1,573,800.00 947,231.25
<br /> 2033 1,569,400.00 947,450.00
<br /> 2034 1,572,525.00 950,100.00
<br /> 2035 1,572,725.00 950,950.00
<br /> TOTALS $34,570,773.75 $20,862,512.50
<br /> THE BONDS
<br /> General Provisions
<br /> The Bonds will be dated their date of delivery, will bear interest from such date at the
<br /> rates per annum set forth on the cover page hereof, payable semiannually on each February 1
<br /> and August 1, commencing August 1, 2013, and will mature on February 1 in each of the
<br /> designated years in the principal amounts set forth on the cover page hereof. Interest on the
<br /> Bonds will be payable from the Interest Payment Date next preceding the date of authentication
<br /> thereof, unless (a) a Bond is authenticated after the fifteenth (15th) calendar day of the month
<br /> preceding such Interest Payment Date and on or before the following Interest Payment Date, in
<br /> which event it will bear interest from such Interest Payment Date, or (b) unless a Bond is
<br /> authenticated on or before July 15, 2013, in which event it will bear interest from its date of
<br /> delivery; provided, however, that if, as of the date of authentication of any Bond, interest thereon
<br /> is in default, such Bond will bear interest from the Interest Payment Date to which interest has
<br /> previously been paid or made available for payment thereon.
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