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Preliminary <br /> $1,460,000 <br /> City of Elk River, Minnesota <br /> Electric Revenue Refunding Bonds, Series 2016B <br /> Current Refunding of Series 2007A <br /> Preliminary Feasibility Summary <br /> Dated 07/14/2016 I Delivered 07/14/2016 <br /> Sources Of Funds <br /> Par Amount of Bonds $1,460,000.00 <br /> Transfers from Rior Issue DSR Funds 287,500.00 <br /> Transfers from Rior Issue Debt Service Funds 30,700.00 <br /> Total Sources $1,778,200.00 <br /> Uses Of Funds <br /> Deposit to Current Refunding Fund 1,570,816.67 <br /> Deposit to Debt Service Reserve Fund(DSRF) 146,000.00 <br /> Costs of Issuance 49,000.00 <br /> Total Underwriter's Discount (0.700%) 10,220.00 <br /> Rounding Amount 2,163.33 <br /> Total Uses $1,778,200.00 <br /> ISSUES REFUNDED AND CALL INFORMATION <br /> Rior Issue Call Rice 100.000% <br /> Rior Issue Call Date 9/01/2016 <br /> SAVINGS INFORMATION <br /> Net Future Value Benefit $56,283.77 <br /> Net Resent Value Benefit $58,277.45 <br /> Net FM Benefit/$1,681,569.08 R/Refunded Debt Service 3.466% <br /> BOND STATISTICS <br /> Average Life 3.099 Years <br /> Average Coupon 1.4877280% <br /> Net Interest Cost(NIC) 1.7136371% <br /> True Interest Cost(TIC) 1.7194062% <br /> Series 2016B Ref2007A Re I SINGLE PURPOSE 1 4/29/20/6 1 1153 AM <br /> Springsted Pages <br /> 174 <br />