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City of Elk River, Minnesota <br />1,525,000 General Obligation Improvement Refunding Bonds, Series 2012B <br />Crossover Refunding of <br />G.O. Improvement Bonds, Series 2007C <br />Pricing Summary <br /> Type of Maturity <br />Maturity Bond Coupon Yield Value Price Dollar Price <br />02101/20]4 Serial Coupon 2.0009b 0.400% 315,000.00 102.990% 324,418.50 <br />02/01/2015 Serial Coupon 2.000% 0.500% 310,000.00 104.280% 323,268.00 <br />02/01/2016 Serial Coupon 2.000% 0.600% 305,000.00 105.358% 321,341.90 <br />02/01/2017 Serial Coupon 2.000% 0.700% 300,000.00 106.223% 318,669.00 <br />02/01/2018 Serial Coupon 2.0003b 0.900°b 295,000.00 106.283% 313,534.$5 <br />Total - • $].525,000.00 $1,601,232.25 <br />Bid Information <br />Paz Amount of Bonds $],525,000.00 <br />Reoffering Premium or (Discount) 76,232.25 <br />Gross Production $1,601,232.25 <br />Total Underwritefs Discount (0.425%) $(6,481.25) <br />Bid (104.574%) 1,594,751.00 <br />Total Purchase Price $1,594,751.00 <br />Bond Yeaz Dollars $5,863.61 <br />Average Life 3.845 Years <br />Average Coupon 2.0000000% <br />Net Interest Cost (NIC) 0.8104429°10 <br />True Interest Cost (TIC) 0.7876542% <br />Series 2012B GO Imp Ref B ~ 09 xover Ser 07 53.09 GO 1 2/21/2012 1 12:11 PM <br />` E_ _H_ L ER_S_ <br />LEADERS IN PU6LIC FINANCE <br />6 <br />