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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />General Obligation Bonds, Series 1999A <br /> <br />Composition of Issue <br />Project Costs to be Financed <br />Less: Utility Fund Contribution <br />Capitalized Interest through 2-1-2000 <br />Cost of Issuance (a) <br />Allowance for Discount Bidding (a) <br />Investment Earnings (b) <br /> <br />Total Bond Issue <br /> <br />6,080,821 <br />(500,000) <br />146,000 <br />N/A <br />N/A <br />(1,821) <br /> <br />5,725,000 <br /> <br />(a) Included in the project costs to be financed. <br />(b) Investment earnings are required for project costs. Amount shown here is for rounding <br />purposes. <br /> <br />Sources of Revenue <br />Special Assessment Income <br /> <br />Trott Brook (15 Year Assessments Amortized Over 7 Years) <br /> <br />Trunk Assessments (15 Years) <br />Less: Trott Brook Oversizing <br />Less: Trott Brook 7 Year Assessments <br />Less: Green Acre Deferments <br />Net Trunk Assessments <br /> <br />Hohlen Lateral Assessments (15 Years) <br /> <br />Interior Industrial Park Road Assessments (15 Years) <br /> <br />Deferments <br />Principal amount anticipated to be deferred 7 years <br />Principal amount anticipated to be deferred 14 years <br />Total Deferments <br /> <br />Total Special Assessments (rounded to nearest $5,000) <br /> <br />Water Fund Contribution over 15 Years <br /> <br />Sewer Fund Contribution over 15 Years <br /> <br />Tax Increment Financing District No. 19 over 13 Years <br /> <br />Property Tax Levy Portion (if needed) <br /> <br />Total Revenues <br /> <br />Prepared by SPRINGSTED Incorporated <br /> <br />5/5/99 <br /> <br /> 1,577,820 <br />4,186,380 <br />(275,000) <br />(1,577,820) <br />(420,420) <br /> 1,913,140 <br /> 207,000 <br /> 330,000 <br />207,600 <br />212,820 <br /> 420,420 <br /> 4,450,000 <br /> 300,000 <br /> 200,000 <br /> 630,000 <br /> 145,000 <br /> 5,725,000 <br /> Page 7 <br />