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J <br />Future Debt <br />• 1997 Bonds <br />— About $21 million remains unsold <br />Projecting sale in April 2001 or April 2002 <br />— Annual debt service installment projected at <br />least $1.5 million <br />Future Debt <br />• Private Placement Funding for New OCS <br />High School ($12.5 million) <br />— 10 year repayment schedule <br />— Debt service payments to come from OCS <br />available pay -as- you -go funding <br />— Estimated payments total over $1.7 million per <br />year <br />4 <br />