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<br />
<br />$10,000,000
<br />City of Elk River, Minnesota
<br />General Obligation Bonds, Series 2017
<br />Community Center Referendum
<br />DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I 105% Levy
<br />02/01/2018 455,000.00 1.100%181,952.08 636,952.08 668,799.68
<br />02/01/2019 425,000.00 1.200%213,337.50 638,337.50 670,254.38
<br />02/01/2020 430,000.00 1.300%208,237.50 638,237.50 670,149.38
<br />02/01/2021 435,000.00 1.450%202,647.50 637,647.50 669,529.88
<br />02/01/2022 440,000.00 1.550%196,340.00 636,340.00 668,157.00
<br />02/01/2023 450,000.00 1.650%189,520.00 639,520.00 671,496.00
<br />02/01/2024 455,000.00 1.750%182,095.00 637,095.00 668,949.75
<br />02/01/2025 465,000.00 1.850%174,132.50 639,132.50 671,089.13
<br />02/01/2026 470,000.00 1.950%165,530.00 635,530.00 667,306.50
<br />02/01/2027 480,000.00 2.050%156,365.00 636,365.00 668,183.25
<br />02/01/2028 490,000.00 2.200%146,525.00 636,525.00 668,351.25
<br />02/01/2029 500,000.00 2.300%135,745.00 635,745.00 667,532.25
<br />02/01/2030 515,000.00 2.400%124,245.00 639,245.00 671,207.25
<br />02/01/2031 525,000.00 2.500%111,885.00 636,885.00 668,729.25
<br />02/01/2032 540,000.00 2.550%98,760.00 638,760.00 670,698.00
<br />02/01/2033 555,000.00 2.700%84,990.00 639,990.00 671,989.50
<br />02/01/2034 565,000.00 2.800%70,005.00 635,005.00 666,755.25
<br />02/01/2035 585,000.00 2.900%54,185.00 639,185.00 671,144.25
<br />02/01/2036 600,000.00 3.000%37,220.00 637,220.00 669,081.00
<br />02/01/2037 620,000.00 3.100%19,220.00 639,220.00 671,181.00
<br />Total $10,000,000.00 - $2,752,937.08 $12,752,937.08 $13,390,583.93
<br />SIGNIFICANT DATES
<br />
<br />Dated...................................................................................................................................................................................................4/01/2017
<br />Delivery Date...........................................................................................................................................................................................4/01/2017
<br />First Coupon Date.......................................................................................................................................................................................2/01/2018
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars.......................................................................................................................................................................................$109,853.33
<br />Average Life............................................................................................................................................................................................10.985 Years
<br />Average Coupon..........................................................................................................................................................................................2.5060114%
<br />
<br />Net Interest Cost (NIC).................................................................................................................................................................................2.6152480%
<br />True Interest Cost (TIC)................................................................................................................................................................................2.6077352%
<br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................2.4782548%
<br />All Inclusive Cost (AIC)................................................................................................................................................................................2.6788096%
<br />
<br />IRS Form 8038
<br />Net Interest Cost.......................................................................................................................................................................................2.5060114%
<br />Weighted Average Maturity...............................................................................................................................................................................10.985 Years
<br />
<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 2017 GO Bonds - Co | SINGLE PURPOSE | 4/13/2016 | 2:44 PM
<br />Preliminary
<br />APPENDIX E
<br />APPENDIX E
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