City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
City and County of Denver Municipal Airport System ANNUAL ...
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<strong>City</strong> <strong>and</strong> <strong>County</strong> <strong>of</strong> <strong>Denver</strong><br />
<strong>Municipal</strong> <strong>Airport</strong> <strong>System</strong><br />
NOTES TO FINANCIAL STATEMENTS<br />
December 31, 2010 <strong>and</strong> 2009<br />
(9) Bond <strong>and</strong> Notes Payable Debt Service Requirements<br />
(a)<br />
Bonds Payable<br />
Bond debt service requirements <strong>of</strong> the <strong>Airport</strong> <strong>System</strong> for bonds payable to maturity as <strong>of</strong> December 31, 2010 are as<br />
follows:<br />
Principal Interest<br />
Year:<br />
2011 $ 125,954,389 $ 156,530,959<br />
2012 133,036,839 149,601,939<br />
2013 133,289,483 142,170,157<br />
2014 135,495,000 134,987,822<br />
2015 142,275,000 128,013,566<br />
2016-2020 776,550,000 524,923,589<br />
2021-2025 1,680,005,000 338,120,603<br />
2026-2030 364,970,000 147,759,553<br />
2031-2035 262,410,000 53,932,666<br />
2036-2039 78,600,000 12,825,404<br />
Total $ 3,832,585,711 $ 1,788,866,258<br />
Debt service requirements for the economic defeasance LOI <strong>of</strong> the <strong>Airport</strong> <strong>System</strong> to maturity as <strong>of</strong><br />
December 31, 2010, are as follows:<br />
Principal Interest<br />
Year:<br />
2011 $ - $ 3,601,900<br />
2012 - 3,601,900<br />
2013 14,800,000 3,601,900<br />
2014 - 2,454,900<br />
2015 - 2,454,900<br />
2016-2020 - 12,274,500<br />
2021-2025 40,080,000 10,800,825<br />
Total $ 54,880,000 $ 38,790,825<br />
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