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Pu bl ic Fi na nci n Authorit Bonds <br /> � y <br /> R f n in <br /> eu d <br /> � <br /> Existing Debt: <br /> ■ $ 11.5M Issued in 2003 � refund `91 bonds � $ for downtown <br /> projects <br /> ■ $5 . 1 million outstanding <br /> ■ 4. 13% i nte rest rate <br /> ■ Debt Service Reserve Fund = $ 1,075,000 <br />