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City of Elk River, Minnesota
<br />$1,525,000 General Obligation Improvement Refunding Bonds, Series 20126
<br />Crossover Refunding of
<br />G.O. Improvement Bonds, Series 2007C
<br />Debt Service Comparison
<br /> Const Loan
<br />Date Total P+I Pmt Existing D/S Net New D/S Old Net D/S Savings
<br />02/01/2013 26,772.22 (1,566,772.22) 1,601,600.00 57,935.15 61,600.00 3,664.85
<br />02/01/2014 345,500.00 - - 345,500.00 366,600.00 21,100.00
<br />02/01/2015 334,200.00 - - 334,200.00 354,400.00 20,200.00
<br />02/01/2016 323,000.00 - - 323,000.00 347,200.00 24,200.00
<br />02/01/2017 311,900.00 - 311,900.00 334,800.00 22,900.00
<br />02/01/2018 300,900.00 - - 300,900.00 322,400.00 21,500.00
<br />Total $1,642,272.22 (1,566,772.22) $1,601,600.00 $1,673.435.15 $1,787,000.00 $113,564.85
<br />PV Analysis Summary (Net to Net
<br />Gross PV Debt Service Savings ..................... 107,]90.26
<br />Net PV Cashflow Savings @ 0.67896(Bond Yield)..... 107,190.26
<br />Contingency or Rounding Amount .................... 3,664.85
<br />Net Present Value Benefit $ 110,855.11
<br />Net PV Benefit / $1,681,770.13 PV Refunded Debt Service 6.592%
<br />Net PV Benefit / $1,540,000 Refunded Principal... 7.198%
<br />Net PV Benefit / $1,525,000 Refunding Principal.. 7.2699'0
<br />Refunding Bond Information
<br />Refunding Dated Date 3/15/2012
<br />Refunding Delivery Date 3/15/2012
<br />Series 20128 GO Imp Ref B ~ 09 xovar Ser 07 $3.09 GO ~ 2(21/2012 ~ 12:11 PM
<br />E_H_ L_E_RS
<br />LEADERS IN PUBLIC FINANCE
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