|
City of Elk River, MN
<br />2003 Projects
<br />Issue Summery
<br />
<br />Proposed G.O. Bonds, Series 2003
<br />
<br />Par Amount of Bonds 1,795,000
<br />City Contribution 487,391
<br />Prepaid Spcl Assmt 184,000
<br />ERMU Cash 285,220
<br />TOTAL SOURCES 2,751,611
<br />
<br />Total Underwdter's Discount (1.200%)21,540
<br />Costs of Issuance 28,000
<br />Deposit to Project Construction Fund
<br />Rounding Amount
<br />TOTAL USES
<br />
<br />Assessment Revenue
<br />
<br />Boston & Concord
<br />
<br />Assessment Amt 362,112
<br />Rate 5.50%
<br />Start Year (Collection) 2004
<br />Term 10
<br />Calculation Method Equal Pdn
<br />
<br /> Assessment Revenue Assessment Revenue
<br />
<br /> 2003 Street Rehab 2002 Zaue Street
<br />Assessment Amt 441,300 Assessment Amt 227,736
<br />Rate 5.50% Rate 5.50%
<br />Start Year (Collection) 2004 Start Year (Collection 2004
<br />Term 10 Term 9
<br />Calculation Method Equal Pdn Calculation Method Equal Pdn
<br />
<br />2,699,698 Construction Fund Amt.
<br />2,373
<br />2,751,611
<br />
<br />452,614 Construction Fund Amt.
<br />
<br />1,475,886 Construction Fund Amt.
<br />
<br />Assessment Revenue
<br />
<br />Industrial Park
<br />
<br />Assessment Amt 525,000
<br />Rate 6.00%
<br />Sta~ Year (Collection) 2004
<br />Term 7
<br />Calculation Method Equal Pdn
<br />
<br />277,736 Construction Fund Amt.512,000
<br />
<br /> Principal
<br />CollectPayment
<br />Year Date
<br />
<br /> 12./1/2003
<br /> 2/1/2004
<br />2004 2/1/2005
<br />2005 2/1/2006
<br />2006 2/1/2007
<br />2007 2/1/2008
<br />2008 2/1/2009
<br />2009 2/1/2010
<br />2010 2/1/2011
<br />2011 2/1/2012
<br />2012 2/1/2013
<br />2013 2/1/2014
<br />
<br /> Net P & I
<br />Prtnclpal Rate Interest P & I +9.00%
<br />
<br /> Total Total Total Total
<br />Principal Interest A~_~_ _~_-mt Principal Interest A_-_-'-_-_:mt Principal Interest A==cc=mt PN,~¢;~al Interest
<br />
<br />Total
<br />Revenue Levy
<br />
<br />27510002.05% 711~ ~1~ 363,895
<br />260,0002.50% 551705 3151705 331,490
<br />255,0003.00% 49,205 304,205 319,415
<br />185,0003.40% 41,555 226,555 237,883
<br />185,0003.75% 35,265 220,265 231,278
<br />175,0004.15% 28,328 203,328 213,494
<br />175,0004.40% 21,065 196,065 205,868
<br />105,0004.60% 13,365 118,365 124,283
<br />105,0004.70% 8,535 113,535 119,212
<br />75,000 4.80% 3,600 78,600 82,530
<br />
<br />1,795,000
<br />
<br />(36,211) (19,916) (56,127) (44,130) (24,272) (68,402) (25,304) (12,525) (37,829) (75,000) (31,500) (106,500)
<br />(36,211) (17,925) (54,136) (44,130) (21,844) (65,974) (25,304) (11,134) (36,438) (75,000) (27.000) (102,000)
<br />(36,211) (15,933) (52,144) (44,130) (19,417) (63,547) (25,304) (9,742) (35,046) (75,000) (22,500) (97,500)
<br />(36,211) (13,941) (50,153) (44,130) (16,990) (61,120) (25,304) (8,350) (33,654) (75,000) (18,000) (93,000)
<br />(36,211) (11,950) (48,161) (44,130) (14,563) (58,693) (25,304) (6,959) (32,263) (75,000) (13,500) (88,500)
<br />(36,211) (9,958) (46,169) (44,130) (12,136) (56126~) (25,304) (5,567) (30,871) (75,000) (9,000) (84,000)
<br />(36,211) (7,966) (44,178) (44,130) (9,709) (53,839) (25,304) (4,175) (29,479) (75,000) (4,500) (79,500)
<br />(36,211) (5,975) (42,186) (44,130) (7,281) (51,411) (25,304) (2,783) (28,087)
<br />(36,211) (3,983) (40,194) (44,130) (4,854) (48,984) (25,304) (1,392) (26,696)
<br />(36,211) (1,992) (38,203) (44,130) (2,427) (46,557)
<br />
<br />328,189 2,123,189 21229,348
<br />
<br />(362,112) (109,539) (471,651) (441,300) (133,493) (574,793) (227,736)
<br />
<br />(62,627) (290,363) (525,000) (126,000) (651,000)
<br />
<br />(268,858) 95,036
<br />(258,548) 72,942
<br />(248,237) 71,178
<br />(237,927) (44)
<br />(227,616) 3,662
<br />517,306) (3,812)
<br />(206,995) (1,127)
<br />(121,685) 2,598
<br />(115,874) 3,337
<br />(84,760) (2,230)
<br />
<br />(1,987,808)241,54I
<br />
<br />Prepared by Ehlers & Associates, Inc. 10/7/2003
<br />
<br />
<br />
|