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<br />... <br /> <br />-,- <br /> <br />PARITY CERTIFICATE <br />July 9, 1997 <br />Page 2 <br /> <br />4. The projected revenues of the System, including the unrestricted transfer to <br />the "Enterprise" of Capital Improvement funds from the General Fund of the <br />City of Fort Morgan, exclusive of connection fees, after payment of all <br />expenses of operating and maintaining the System, for the 12 consecutive <br />month period ended December 31, 2000, in conjunction with the completion <br />of the system, increased to reflect the projected revenues to be received by <br />the City based on the proposed rate structure and consumption volumes to be <br />effective by resolution are estimated to be approximately $2,601,410. <br /> <br />5. The combined maximum annual debt service requirements of (a) the <br />Outstanding Bond, (b) all outstanding obligations of the City or the <br />Enterprise having a lien on the Pledged Property (as defined in the Loan <br />Agreement) on a parity with or senior to the lien thereon of the Outstanding <br />Bond, (c) the Contract, and (d) the Proposed Loans are estimated to be <br />approximately $2,430,001. <br /> <br />IN WITNESS WHEREOF, the undersigned has hereunto set his hand this 9th day of July, <br /> <br />1997. <br /> <br />ANDERSON, LEE & COMPANY <br /> <br />( <br />~~f~C(J~ <br /> <br />by Michael S. Lee, Partner <br />