Page 13 - 2017 Bonded Debt Summary
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2015 LEASE REVENUE BONDS (MVU TAXABLE)



        Original Issue Amount:  $10,430,000
        Issuance Date:            11/24/2015
        Maturity Date:            11/1/2045
        Interest Rates:           1.25% - 5%


        Description:  The  2015  Refunding  Lease  Revenue  Bonds  were  issued  in December
        2015 to finance the construction of the electrical utility substation to serve the south
        industrial area of the City.

        Repayment Source:  The repayment source for these bonds is the Electric Utility Fund.


        Security:  These  bonds  are  secured  with bond  insurance  purchased  from Assured
        Guaranty Municipal Corporation city-owned property. This asset pool consists of the
        Conference & Recreation Center.

        Debt Service Schedule:  The annual debt service requirements for the 2014 Refunding
        Lease Revenue Bonds payable outstanding at June 30, 2016, are as follows:


         YEAR ENDING JUNE 30,         PRINCIPAL            INTEREST           INTEREST RATE
         2017                         $175,000              460,288             1.25%
         2018                          200,000              457,444             1.25%
         2019                          205,000              453,388             2.25%
         2020                          210,000              448,325             2.625%
         2021                          215,000              442,344              3%
         2022-2026*                   1,170,000           2,098,281            3.125-4%
         2027-2031*                   1,415,000           1,844,116            4-4.375%
         2032-2036*                   1,760,000           1,486,838             4.75%
         2037-2041*                   2,235,000           1,001,375              5%
         2042-2046*                   2,845,000             369,375              5%
                                    $10,430,000           $9,061,774
        *Represents the total amount due during the specified period.
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