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<br />City of Elk River, MN
<br />2005 Street Rehabilitation
<br />
<br /> G.O. Improvement Bonds, Series 2005A Assessment Revenue
<br /> Par Amount of Bonds 1,070,000 2005 Street Rehab
<br /> Prepaid Special Assessments 91,200 Assessment Amt 364,800
<br /> Elk River Municipal Utilities 182,725 Rate 5.00%
<br /> Total Sources 1,343,925 Start Year (Collection) 2006
<br /> Term 10
<br /> Total Underwriter's Discount (1.250%) 8,560 Calculation Method EqualPrin
<br /> Costs of Issuance 17,665
<br /> Deposit to Capitalized Interest (CIF) Fund 21,984
<br /> Deposit to Project Construction Fund 1,293,400
<br /> Rounding Amount 2,315
<br /> Total Uses 1,343,925
<br />Levy Payment Capitalized Net P&I Total
<br />Year Date Principal Rate Interest Interest P&I +5.00% Principal Interest Assessmt Levy
<br /> 6/14/2005
<br /> 2/1/2006 21,980 (21,980)
<br />2005 2/1/2007 100,000 2.75% 34,865 134,865 141,608 (36,480) (18,240) (54,720) 86,888
<br />2006 2/1/2008 100,000 2.90% 32,115 132,115 138,721 (36,480) (16,416) (52,896) 85,825
<br />2007 2/1/2009 105,000 3.00% 29,215 134,215 140,926 (36,480) (14,592) (51,072) 89,854
<br />2008 2/112010 105,000 3.10% 26,065 131,065 137,618 (36,480) (12,768) (49,248) 88,370
<br />2009 2/112011 105,000 3.20% 22,810 127,810 134,201 (36,480) (10,944) (47,424) 86,777
<br />2010 2/1/2012 105,000 3.30% 19,450 124,450 130,673 (36,480) (9,120) (45,600) 85,073
<br />2011 2/1/2013 110,000 3.40% 15,985 125,985 132,284 (36,480) (7,296) (43,776) 88,508
<br />2012 2/1/2014 110,000 3.50% 12,245 122,245 128,357 (36,480) (5,472) (41,952) 86,405
<br />2013 2/1/2015 115,000 3.60% 8,395 123,395 129,565 (36,480) (3,648) (40,128) 89,437
<br />2014 2/1/2016 115,000 3.70% 4,255 119,255 125,218 (36,480) (1,824) (38,304) 86,914
<br /> 1,070,000 227,380 1,275,400 1,339,170 (364,800) (100,320) (465,120) 874,050
<br />
<br />Prepared by Ehlers & Associates, Inc.
<br />
<br />5/16/2005
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