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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 the issue will be determined as follows: <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 />6,060,621 <br />(500,000) <br />146,000 <br />N/A <br />N/A <br />(1,621) <br /> <br />Total Bond Issue <br /> <br />5,725,000 <br /> <br />(a) Included in the project costs to be financed. <br />(b) Investment earnings aflfJ required for project costs. Amount shown here is for rounding <br />purposes. <br /> <br />Calculation of Special Assessment Income: <br />Fifteen Year Assessments Amortized Over Seven Years <br />Trott Brook <br /> <br />1,577,820 <br /> <br />Fifteen Year Assessments Amortized Over Fifteen Years <br />Trunk Assessments <br />Hohlen Lateral Assessments <br />Interior Industrial Park Road Assessments <br />Subtotal <br />Less: Trott Brook Oversizing <br />Less: Trott Brook 7 Year Assessments <br />Less: Green Acre Deferments <br />Total 15 Year Assessments <br /> <br />4,186,380 <br />207,000 <br />330,000 <br />4,723,380 <br />(275,000) <br />(1,577,820) <br />(420,420) <br />2,450,140 <br /> <br />Deferments <br />Principal amount anticipated to be deferred 7 years <br />Principal amount anticipated to be deferred 15 years <br />Total Deferments <br /> <br />207,600 <br />212.820 <br />420,420 <br /> <br />Water Fund Contribution over 15 Years <br /> <br />325,000 <br /> <br />Sewer Fund Contribution over 15 Years <br /> <br />175.000 <br /> <br />Tax Increment District No. 19 over 13 Years <br /> <br />735,000 <br /> <br />Prepared by SPRINGSTED Incorporated <br /> <br />5/3/99 <br /> <br />g:\users\brenda\eIKriver\hwy1 O.xls <br />