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<br />La Porte Economic Development Corporation <br />Portion of Series 2007 <br /> <br />We were very pleased with the interest rate for the Series 2007 which was 4.36% (an all time low for <br />the City) This occurred due to market conditions and the excellent ratings received by the City from <br />all three bond rating agencies. The following is a break down of EDC's share of both prinicipal and interest. <br /> <br />Year Ended <br /> <br />Debt Service <br /> <br />2007 <br />2008 <br />2009 <br />2010 <br />2011 <br />2012 <br />2013 <br />2014 <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />2024 <br />2025 <br />2026 <br />2027 <br />2028 <br />2029 <br /> <br />$112,174.72 <br />93,952.58 <br />94,704.98 <br />95,378.18 <br />99,852.98 <br />112,821.98 <br />118,405.58 <br />118,821.38 <br />118,148.18 <br />118,365.98 <br />118,464.98 <br />118,445.18 <br />118,207.58 <br />118,717.43 <br />119,058.98 <br />118,263.22 <br />118,310.15 <br />118,250.15 <br />118,085.62 <br />118,687.14 <br />118,073.34 <br />118,262.43 <br />$2,503,452.80 <br /> <br />The LEDC portion is $1,600,00 which is (19.8%) of the total 8.075 million issue. The LEDC <br />budget for 07-08 & future years will be increased to cover this debt service. <br /> <br />edcseries2007.xls <br />