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<br />
<br />$10,000,000
<br />City of Elk River, Minnesota
<br />
<br />Electric Revenue Bonds, Series 2016A
<br />NET DEBT SERVICE SCHEDULE
<br />DatePrincipalCouponInterestTotal P+IDSRExisting Net Net New D/S
<br />D/S
<br />02/01/2017--133,479.81133,479.81(3,892.55)670,334.56799,921.82
<br />02/01/2018--243,922.50243,922.50(7,114.68)673,385.00910,192.82
<br />02/01/2019465,000.001.350%243,922.50708,922.50(7,114.68)474,988.751,176,796.57
<br />02/01/2020470,000.001.500%237,645.00707,645.00(7,114.68)256,162.50956,692.82
<br />02/01/2021480,000.001.650%230,595.00710,595.00(7,114.68)257,732.50961,212.82
<br />02/01/2022485,000.001.800%222,675.00707,675.00(7,114.68)112,732.50813,292.82
<br />02/01/2023495,000.001.900%213,945.00708,945.00(7,114.68)-701,830.32
<br />02/01/2024505,000.002.050%204,540.00709,540.00(7,114.68)-702,425.32
<br />02/01/2025515,000.002.100%194,187.50709,187.50(7,114.68)-702,072.82
<br />02/01/2026525,000.002.250%183,372.50708,372.50(7,114.68)-701,257.82
<br />02/01/2027535,000.002.400%171,560.00706,560.00(7,114.68)-699,445.32
<br />02/01/2028550,000.002.500%158,720.00708,720.00(7,114.68)-701,605.32
<br />02/01/2029565,000.002.600%144,970.00709,970.00(7,114.68)-702,855.32
<br />02/01/2030580,000.002.650%130,280.00710,280.00(7,114.68)-703,165.32
<br />02/01/2031595,000.002.750%114,910.00709,910.00(7,114.68)-702,795.32
<br />02/01/2032610,000.002.800%98,547.50708,547.50(7,114.68)-701,432.82
<br />02/01/2033630,000.002.950%81,467.50711,467.50(7,114.68)-704,352.82
<br />02/01/2034645,000.003.050%62,882.50707,882.50(7,114.68)-700,767.82
<br />02/01/2035665,000.003.150%43,210.00708,210.00(7,114.68)-701,095.32
<br />02/01/2036685,000.003.250%22,262.50707,262.50(718,582.18)-(11,319.68)
<br />Total$10,000,000.00-$3,137,094.81$13,137,094.81(850,538.97)$2,445,335.81$14,731,891.65
<br />SIGNIFICANT DATES
<br />
<br />Dated Date.............................................................................................................................................................................................
<br />.7/14/2016
<br />Delivery Date..........................................................................................................................................................................................
<br />.7/14/2016
<br />First Coupon Date......................................................................................................................................................................................
<br />.2/01/2017
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars......................................................................................................................................................................................
<br />.$116,737.22
<br />Average Life...........................................................................................................................................................................................
<br />.11.674 Years
<br />Average Coupon.........................................................................................................................................................................................
<br />.2.6873132%
<br />
<br />Net Interest Cost (NIC)................................................................................................................................................................................
<br />.2.7986744%
<br />True Interest Cost (TIC)...............................................................................................................................................................................
<br />.2.7947711%
<br />Bond Yield for Arbitrage Purposes......................................................................................................................................................................
<br />.2.6610456%
<br />All Inclusive Cost (AIC)...............................................................................................................................................................................
<br />.2.8892451%
<br />
<br />IRS Form 8038
<br />Net Interest Cost......................................................................................................................................................................................
<br />.2.6873132%
<br />Weighted Average Maturity..............................................................................................................................................................................
<br />.11.674 Years
<br />Series 2016 Electric Rev | SINGLE PURPOSE | 4/29/2016 | 2:23 PM
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