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Loan Feasibility Study for
<br />Raw Water Acquisition and Utilization
<br />Page 41
<br />Table 13
<br />Penrose Water District Current Debt Service l)
<br />Year
<br />Series 2003 21
<br />Water Revenue
<br />Bond
<br />DOLA Energy 3)
<br />Mineral & Impact
<br />Assistance (2001)
<br />USDA Rural 4)
<br />Utilities Service
<br />(2000)
<br />Fremont Bank 5)
<br />Total
<br />2006
<br />$172,522.50
<br />$10,030.32
<br />$11,667
<br />$190,831
<br />$385,050.82
<br />2007
<br />$169,722.50
<br />$10,030.32
<br />$11,653
<br />$3,052,925 6)
<br />$3,244,330.82
<br />2008
<br />$171,502.50
<br />$10,030.32
<br />$11,631
<br />$193,1963.82
<br />2009
<br />$172,587.50
<br />$10,030.32
<br />$11,707
<br />$194,324.82
<br />2010
<br />$173,012.50
<br />$10,030.32
<br />$11,673
<br />$194,715.82
<br />2011
<br />$172,587.50
<br />$10,030.32
<br />$11,670
<br />$194,287.82
<br />2012
<br />$171,187.50
<br />$10,030.32
<br />$11,670
<br />$192,887.82
<br />2013
<br />$10,030.32
<br />$11,670
<br />$21,700.43
<br />2014
<br />$10,030.32
<br />$11,670
<br />$21,700.42
<br />2015
<br />$10,030.32
<br />$11,670
<br />$21,700.32
<br />2016
<br />$10,030.32
<br />$11,646
<br />$21,676.32
<br />2017
<br />$10,030.32
<br />$11,646
<br />$21,676.32
<br />2018
<br />$10,030.32
<br />$11,646
<br />$21,676.32
<br />2019
<br />$10,030.32
<br />$11,646
<br />$21,676.32
<br />2020
<br />$10,030.32
<br />$11,646
<br />$21,676.32
<br />2021
<br />$11,636
<br />$11,636.00
<br />2022
<br />$11,636
<br />$11,636.00
<br />2023
<br />$11,636
<br />$11,636.00
<br />2024
<br />$11,636
<br />$11,636.00
<br />2025
<br />$11,636
<br />$11,636.00
<br />2026
<br />$11,672
<br />$11,672.00
<br />2027
<br />$11,672
<br />$11,672.00
<br />2028
<br />$11,672
<br />$11,672.00
<br />2029
<br />$11,672
<br />$11,672.00
<br />2030
<br />$11,672
<br />$11,672.00
<br />2031
<br />$11,650
<br />$11,650.00
<br />2032
<br />$11,650
<br />$11,650.00
<br />2033
<br />$11,650
<br />$11,650.00
<br />2034
<br />$11,650
<br />$11,650.00
<br />2035
<br />$11,650
<br />$11,650.00
<br />2036
<br />$11,683
<br />$11,683.00
<br />2037
<br />$11,683
<br />$11,683.00
<br />2038
<br />$11,683
<br />$11,683.00
<br />2039
<br />$11,683
<br />$11,683.00
<br />TOTAL
<br />$1,203,122.50
<br />$150,454.807)
<br />$396,443 s>
<br />$3,243,756
<br />$4,993,766.30
<br />1) Figures reflect interest and principal as applicable
<br />2) 2003 Refunding Bond issue with initial principal amount of $1,470,000. Interest payable each June V and December 1'. Principal payments
<br />due each December 1. Interest rates vary from 2.0% to 4.0 %.
<br />3) Colorado Department of Local Affairs' Energy and Mineral Impact Assistance loan. Original loan amount $125,000,5% interest, principal
<br />and interest payments due on September V.
<br />4) Rural Development loan issued by Rural Utility Services. Original principal amount $208,000. Principal and interest payments due on June
<br />V and December 1'. Interest rate of 4.75 %.
<br />5) Short term financing secured through Fremont Bank for Goodwin Ranch and associated water right acquisition. Interest only payments due
<br />January and April of each year. Balloon payment including principal due April 2007. Interest rate 6.35 %.
<br />6) Payment amount reflects $3,005,217 of principal together with three full months of interest for a loan payoff.
<br />7) Of this total, $104,111.32 represents the remaining principal as of the end of 2005
<br />8) Of this total, $173,900 represents the remaining principal as of June 1, 2006
<br />Leonard Rice Engineers, Inc. August 2006 - 1018PEN05
<br />GMS, Inc.
<br />
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