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<br />FINAL - Results of Sale
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<br />City of Elk River
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<br /> $1,275,000 G.O. Permanent Improvement Revolving Fund Bonds, Series 2000B
<br /> Assessment Surplus/ Cumulative
<br /> Date Principal Rate Interest P&I Revenue (Deficit) Balance
<br /> 2/1/2001
<br /> 2/1/2002 85,000 4.400% 77 ,084.38 162,084.38 337,640 175,556 175,556
<br /> 2/1/2003 85,000 4.450% 57,927.50 142,927.50 204,704 61,776 237,332
<br /> 2/1/2004 85,000 4.500% 54,145.00 139,145.00 197,738 58,593 295,925
<br /> 2/1/2005 85,000 4.550% 50,320.00 135,320.00 190,771 55,451 351,376
<br /> 2/1/2006 85,000 4.600% 46,452.50 131,452.50 183,805 52,352 403,728
<br /> 2/1/2007 85,000 4.700% 42,542.50 127,542.50 176,838 49,296 453,024
<br /> 2/1/2008 85,000 4.750% 38,547.50 123,547.50 169,872 46,325 499,349
<br /> 2/1/2009 85,000 4.800% 34,510.00 119,510.00 162,906 43,396 542,744
<br /> 2/1/2010 85,000 4.850% 30,430.00 115,430.00 155,939 40,509 583,254
<br /> 2/1/2011 85,000 4.950% 26,307.50 111,307.50 148,973 37,665 620,919
<br /> 2/1/2012 85,000 5.000% 22,100.00 107,100.00 142,007 34,907 655,826
<br /> 2/1/2013 85,000 5.100% 17,850.00 102,850.00 135,040 32,190 688,016
<br /> 2/1/2014 85,000 5.200% 13,515.00 98,515.00 128,074 29,559 717,575
<br /> 2/1/2015 85,000 5.300% 9,095.00 94,095.00 121,108 27,013 744,587
<br /> 2/1/2016 85,000 5.400% 4,590.00 89,590.00 114,141 24,551 769,139
<br /> TOTAL 1,275,000 525,416.88 1,800,416.88
<br />Dated 11/01/2000 Assessment Term 15.00
<br />Delivery Date 11/01/2000 Assessment Rate 6.50%
<br />First Coupon Date 8/01/2001 Total Assessed 1,733,592
<br />Bond Year Dollars $10,518.75 Total Project 1,717,442
<br />Average Life 8.250 Years MnDOT (329,467)
<br />Average Coupon 4.99505% MSA (148,464)
<br />Net Interest Cost (NIC) 5.14869% Finance 35,489
<br />True Interest Cost (TIC) 5.16724% Capitalized Interest 0
<br /> Total Issue 1,275,000
<br />Ehlers & Associates, Inc. 10/23/2000 [GOPIR2000]
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