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$10,000,000
<br /> City of Elk River, Minnesota
<br /> General Obligation Sewer Revenue Bonds
<br /> Series 2014B
<br /> DEBT SERVICE SCHEDULE
<br /> Date Principal Coupon Interest Total P+I 105%Levy
<br /> 02/01/2015 - - 119,016.67 119,016.67 124,967.50
<br /> 02/01/2016 410,000.00 0.700% 267,787.50 677,787.50 711,676.88
<br /> 02/01/2017 415,000.00 0.950% 264,917.50 679,917.50 713,913.38
<br /> 02/01/2018 415,000.00 1.250% 260,975.00 675,975.00 709,773.75
<br /> 02/01/2019 420,000.00 1.450% 255,787.50 675,787.50 709,576.88
<br /> 02/01/2020 430,000.00 1.700% 249,697.50 679,697.50 713,682.38
<br /> 02/01/2021 435,000.00 1.950% 242,387.50 677,387.50 711,256.88
<br /> 02/01/2022 445,000.00 2.150% 233,905.00 678,905.00 712,850.25
<br /> 02/01/2023 455,000.00 2.350% 224,337.50 679,337.50 713,304.38
<br /> 02/01/2024 465,000.00 2.450% 213,645.00 678,645.00 712,577.25
<br /> 02/01/2025 475,000.00 2.600% 202,252.50 677,252.50 711,115.13
<br /> 02/01/2026 490,000.00 2.750% 189,902.50 679,902.50 713,897.63
<br /> 02/01/2027 500,000.00 2.900% 176,427.50 676,427.50 710,248.88
<br /> 02/01/2028 515,000.00 3.050% 161,927.50 676,927.50 710,773.88
<br /> 02/01/2029 530,000.00 3.250% 146,220.00 676,220.00 710,031.00
<br /> 02/01/2030 550,000.00 3.350% 128,995.00 678,995.00 712,944.75
<br /> 02/01/2031 570,000.00 3.450% 110,570.00 680,570.00 714,598.50
<br /> 02/01/2032 585,000.00 3.550% 90,905.00 675,905.00 709,700.25
<br /> 02/01/2033 610,000.00 3.650% 70,137.50 680,137.50 714,144.38
<br /> 02/01/2034 630,000.00 3.700% 47,872.50 677,872.50 711,766.13
<br /> 02/01/2035 655,000.00 3.750% 24,562.50 679,562.50 713,540.63
<br /> Total $10,000,000.00 - $3,682,229.17 $13,682,229.17 $14,366,340.63
<br /> SIGNIFICANT DATES
<br /> Dated................................................................................................................................................................ 8/21/2014
<br /> DeliveryDate.................................................................................................................................................... 8/21/2014
<br /> FirstCoupon Date............................................................................................................................................. 2/01/2015
<br /> Yield Statistics
<br /> BondYear Dollars............................................................................................................................................ $117,929.44
<br /> AverageLife.................................................................................................................................................... 11.793 Years
<br /> AverageCoupon.............................................................................................................................................. 3.1224002%
<br /> Net Interest Cost(NIC)...................................................................................................................................... 3.2241559%
<br /> True Interest Cost(TIC).................................................................................................................................... 3.2025134%
<br /> Bond Yield for Arbitrage Purposes.................................................................................................................. 3.0764907%
<br /> All Inclusive Cost(AIC)..................................................................................................................................... 3.2663353%
<br /> IRS Form 8038
<br /> NetInterest Cost............................................................................................................................................... 3.1224002%
<br /> WeightedAverage Maturity.............................................................................................................................. 11.793 Years
<br /> Interest rates are estimates.Changes in rates may
<br /> cause significant alterations to this schedule.
<br /> The actual underwriter's discount bid may also vary.
<br /> Series 2014B GOS—erRes I SINGLEPURPOSE 1 611012014 I9:259M
<br /> Springsted Page
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