5.9. SR 09-13-1999 - Laserfiche WebLink

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. . . Dated 11/01/1999 Springsted Incorporated Public Finance Advisors City of Elk River, Minnesota G.O. Improvement Refunding Bonds Series 1999 Full Crossover Advance Refunding of Series 1994A FEASIBILITY SUMMARY REFUNDING ISSUE DATE & TERM Dated.............................................................................................................. Delivery Date. ...... ................. ............ ... ...... ......... ............. ..... ..................... ..... First Coupon Date........ ....................... .............. ..... ............ ....... .... ................. First Serial Maturity Date........... ............ ......... ........ ........................................ Final Serial Maturity Date....... .............. ................... ............ ........... ....... ......... REFUNDING ISSUE STATISTICS Principal Amount of Refunding Bonds............................................................ Total Underwriter's Discount (0.900%)..... ............. ........ ..................... ........... Costs of Issuance.. ...... ................. .......... ........... ......... ........... ......................... Bond Yield for Arbitrage Purposes.................................................................. All Inclusive Cost (AIC).................... .......... ......... ............. .......................... ..... True Interest Cost (TiC).................................................................................. Net Interest Cost (NIC). ........ ........... .......... .......... ........... ................................ Net Interest Cost in Dollars............................................................................. Bond Year Dollars.... ....... .............. ..... ........... ............... ...................... ............ Average Life................... ...................... ................ ... ...... ........... .......... ............ Average Coupon....... ...... ............ ............. ..... ... ......... ............ ...... ............ ........ Weighted Average Maturity... .... ............... ............ ..................................... ..... REFUNDED ISSUE STATISTICS Principal Amount of Refunded Bonds............................................................. Principal Amount of Existing Bonds................................................................ First available call date......... .................. ............ .................. .......................... Call Price............. ................... ......... ...... ......... ...... .............. ............ ................ Average Life....... .... ........ ............. ....... ....... .......... ............ ... ................. ........... Weighted Average Maturity (Par Basis).......................................................... Average Coupon................... ........... ........ .... .... ... ............ ......... ...... .............. ... SAVINGS ANALYSIS SUMMARY (NET TO NET) NET FUTURE VALUE BENEFIT.................................................................... NET PRESENT VALUE BENEFIT.................................................................. NET PV BENEFIT / $458,934.49 PV REFUNDED INTEREST....................... NET PV BENEFIT / $1,761,911.29 PV REFUNDED DEBT SERViCE............ NET PV BENEFIT / $1,770,000 REFUNDED PRINCiPAL........................... NET PV BENEFIT / $575,000 REFUNDING PRINCIPAL............................ Delivered 11/17/1999 11/01/1999 11/17/1999 8/01/2000 2/01/2002 2/01/2011 $575,000.00 5,175.00 22,300.00 4.6629495% 5.6251413% 4.8394127% 4.8262576% 162,754.33 $3,503.75 6.093 Years 4.6785587% 6.049 Years 1,770,000.00 480,000.00 2/01/2001 100.00000% 6.869 Years 6.824 Years 5.7509151% $491,061.29 $70,152.89 15.286% 3.982% 3.963% 12.201% File = Elkriver.sf-Ser99R94A 8/25/1999 2:24 PM Page 5