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City of Elk River, Minnesota
<br />$6,975,000
<br />General Obligation Capital Improvement Plan Bonds, Series 2012A
<br />Pricing Summary
<br /> Type of Maturlty
<br />Maturity Bond Coupon Yield Value Price Dollar Price
<br />02/01/2014 Serial Coupon 1.000% 0.450% 290,000.00 101.027% 292,978.30
<br />02/01!2015 Serial Coupon 1.000% 0.550% 295,000.00 101.282% 298,781.90
<br />02/01/2016 Serial Coupon 1.500% 0.600% 300,000.00 103.444% 310,332.00
<br />02/01/2017 Serial Coupon 2.000% 0.700% 305,000.00 106.223% 323,980.15
<br />02/01/2018 Serial Coupon 2.000% 1.000% 310,000.00 105.694% 327,651.40
<br />02/01/2019 Serial Coupon 2.000% 1.250% 315,000.00 104.927% 330,520.05
<br />02/01/2020 Serial Coupon 2.000% 1.500% 320,000.00 103.701% 331,843.20
<br />02/01/2021 Serial Coupon 2.000% 1.600% 325,000.00 103.297% 335,715.25
<br />02/01/2022 Serial Coupon 2.000% 1.700% 335,000.00 102.461% c 343,244.35
<br />02/01/2023 Serial Coupon 2.000% 1,750% 340,000.00 102.046% c 346,956.40
<br />02/01/2024 Serial Coupon 2.000% 1.800% 350,000.00 101.633% c 355,715.50
<br />02/01/2025 Serial Coupon 2.000% 1.900% 355,000.00 100.8I2% c 357,882.60
<br />02/01/2026 Serial Coupon 2.250% 2.000% 360,000.00 102.023% c 367,282.80
<br />02/01/2027 Serial Coupon 2.250% 2.100% 370,000.00 101.208% c 374,469.60
<br />02/01/2028 Serial Coupon 2.375% 2.250% 380,000.00 100.999% c 383,796.20
<br />02/01/2029 Serial Coupon 2.500% 2.350% 385,000.00 101.194% c 389,596.90
<br />02!01/2030 Serial Coupon 2.500% 2.550% 395,000.00 99.284% 392,17L.80
<br />02/01/2031 Serial Coupon 2.500% 2.650% 405,000.00 97.78]% 396,013.05
<br />02/01/2032 Serial Coupon 2.500% 2.750% 415,000.00 96.189% 399,184.35
<br />02/01/2033 Serial Coupon 2.500% 2.850% 425,000.00 94.519% 401,705.75
<br />Total - - - 56,975,000.00 - - $7,059,821.55
<br />Bid Information
<br />Paz Amount of Bonds
<br />Reoffering Premium or (Discount)
<br />Gross Production
<br />Total Underwriter's Discount (0.565%}
<br />Bid (100.651%)
<br />Total Purchase Price
<br />Bond Yeaz Dollars
<br />Average Life
<br />Average Coupon
<br />Net Interest Cost (NIC)
<br />True Interest Cost (TIC)
<br />56,975,000.00
<br />84,821.55
<br />$7,059,821.55
<br />$(39,408.75)
<br />7,020,412.80
<br />$7,020,412.80
<br />$84,037.50
<br />12.048 Years
<br />2.2626965%
<br />2.2086578%
<br />2.1852091%
<br />Serles 2012A GO CIP Bands ~ SINGLE PURPOSE ~ 2/21/2012 ~ 12:16 PM
<br />FREERS
<br />LEADERS IN PUBLIC FINANCE
<br />9
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