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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 /> Debt Service Schedule <br /> Date Principal Coupon Interest Total P+I <br /> 02/01/2017 235,000.00 0.950% 10,591.49 245,591.49 <br /> 02/01/2018 235,000.00 1.000% 17,122.50 252,122.50 <br /> 02/01/2019 240,000.00 1.200% 14,772.50 254,772.50 <br /> 02/01/2020 245,000.00 1.400% 11,892.50 256,892.50 <br /> 02/01/2021 250,000.00 1.600% 8,462.50 258,462.50 <br /> 02/01/2022 255,000.00 1.750% 4,462.50 259,462.50 <br /> Total $1,460,000.00 - $67,303.99 $1,527,303.99 <br /> Yield Statistics <br /> Bond Year Dollars $4,523.94 <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 /> Bond Yield for Arbitrage Purposes 1.4850295% <br /> All Inclusive Cost(AC) 2.8782285% <br /> IRS Form 8038 <br /> Net Interest Cost 1.4877280% <br /> Weighted Average Maturity 3.099 Years <br /> Series 2016B Ref 2007A Re I SINGLE PURPOSE 14/29/2016 1 11.53 AM <br /> Springsted Page 10 <br /> 175 <br />