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UPPER PLATTE AND BEAVER CANAL COMPANY <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> As of January 31, 2013 <br /> NOTE 5 - LONG TERM DEBT <br /> •. - :: ° , -i r. ° : - =, : 7-;889.30 including fixed <br /> interest at 2,25% per annum, matures December 2014.. <br /> Total notes payable $ 8924 <br /> Estimated aggregate maturities under these agreements for the five years subsequent <br /> to January 31, 2013: <br /> 2013 (Current Portion) $ 7,489 <br /> 2014 $ 1,435 <br /> $ 8,924 <br /> NOTE 6 — FUTURE CONTINGENCIES <br /> For the year ended January 31, 2014, the company has budgeted $80,000 to mitigate <br /> the effects associated with the lawsuit (Upper Platte and Beaver Canal Company vs.. <br /> Riverview Commons General Improvement District No 09CA0769) and damage to the <br /> Seagull Riverview Commons Bank Restoration area of the Upper Platte and Beaver <br /> Canal irrigation ditch. <br /> C I ° / 4 <br /> 6. 150 09 b p4.10co �`1 ' <br /> Page 9 <br />