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City of Elk River, Minnesota
<br />General Obligation Water Revenue Bonds, 1997B
<br />
<br />Prepared June 17, 1997
<br /> By SPRINGSTED Incorporated
<br />
<br />Dated: 8- 1 -1997
<br />Mature: 2- 1
<br />First Interest: 2- 1 - 1998
<br />
<br />Year of Year of
<br />Revenue Mat. Principal
<br />(1) (2) (3)
<br />
<br />1997 1998 35,000
<br />1998 1999 25,000
<br />1999 2000 30,000
<br />2000 2001 30,000
<br />2001 2002 30,000
<br />2002 2003 35,000
<br />2003 2004 35,000
<br />2004 2005 35,000
<br />2005 2006 40,000
<br />2006 2007 40,000
<br />
<br />TOTALS: 335,000
<br />
<br />Rates
<br /> (4)
<br />
<br /> Total
<br /> Principal 105%
<br />Interest & Interest of Total
<br />(5) (6) (7)
<br />
<br />4.30o/o 7,938 42,938 45,084
<br />4.40o/0 14,370 39,370 41,339
<br />4.50O/O 13,270 43,270 45,434
<br />4.60O/O 11,920 41,920 44,016
<br />4.70O/O 10,540 40,540 42,567
<br />4.80% 9,130 44,130 46,337
<br />4.85% 7,450 42,450 44,573
<br />4.95% 5,753 40,753 42,790
<br />5.00o/o 4,020 44,020 46,221
<br />5.05% 2,020 42,020 44,121
<br />
<br />86,410 421,41 0 442,481
<br />
<br />Issue Statistics:
<br />Bond Years:
<br />
<br />1,772.50
<br />
<br />Annual Interest: 86,410
<br />PlUs DisCounb: ' · 3,350
<br />Net Interest: 8g,767
<br />T.I.C. Rate: 5.091%
<br />N.I.C. Rate: 5;064%
<br />
<br />Issue 'CompOSition~
<br />
<br />PrOject' COsts 346,000
<br /> (30,000)
<br /> 15,650
<br />Underwriter's DiScount 3,.350
<br />
<br />Total Series 1997B Bonds
<br />
<br />335,000
<br />
<br />Interest rates are estimates; changes may cause significant
<br /> alterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
<br />
<br />Page 10
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