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<br />
<br />$33,735,000
<br />City of Elk River, Minnesota
<br />General Obligation Sales Tax Revenue Bonds, Series 2019A
<br />Pricing Summary
<br />MaturityType of BondCouponYieldMaturity ValuePriceYTMCall DateCall PriceDollar Price
<br />12/01/2020Serial Coupon4.000%1.500%605,000.00102.960% ---622,908.00
<br />12/01/2021Serial Coupon4.000%1.530%870,000.00105.321% ---916,292.70
<br />12/01/2022Serial Coupon4.000%1.550%905,000.00107.618% ---973,942.90
<br />12/01/2023Serial Coupon4.000%1.580%940,000.00109.794% ---1,032,063.60
<br />12/01/2024Serial Coupon4.000%1.600%980,000.00111.927% ---1,096,884.60
<br />12/01/2025Serial Coupon4.000%1.630%1,015,000.00113.920% ---1,156,288.00
<br />12/01/2026Serial Coupon4.000%1.650%1,060,000.00115.889% ---1,228,423.40
<br />12/01/2027Serial Coupon4.000%1.700%1,100,000.00117.533% ---1,292,863.00
<br />12/01/2028Serial Coupon4.000%1.750%1,145,000.00119.040% ---1,363,008.00
<br />12/01/2029Serial Coupon4.000%1.850%1,190,000.00119.899% ---1,426,798.10
<br />12/01/2030Serial Coupon4.000%1.950%1,240,000.00118.876%c2.100%12/01/2029100.000%1,474,062.40
<br />12/01/2031Serial Coupon4.000%2.050%1,285,000.00117.863%c2.311%12/01/2029100.000%1,514,539.55
<br />12/01/2032Serial Coupon4.000%2.300%1,340,000.00115.375%c2.615%12/01/2029100.000%1,546,025.00
<br />12/01/2033Serial Coupon4.000%2.350%1,390,000.00114.884%c2.728%12/01/2029100.000%1,596,887.60
<br />12/01/2034Serial Coupon3.000%2.650%1,450,000.00103.107%c2.748%12/01/2029100.000%1,495,051.50
<br />12/01/2035Serial Coupon3.000%2.800%1,490,000.00101.761%c2.863%12/01/2029100.000%1,516,238.90
<br />12/01/2036Serial Coupon3.050%3.050%1,535,000.00100.000% ---1,535,000.00
<br />12/01/2037Serial Coupon3.100%3.100%1,585,000.00100.000% ---1,585,000.00
<br />12/01/2038Serial Coupon3.200%3.200%1,630,000.00100.000% ---1,630,000.00
<br />12/01/2039Serial Coupon3.250%3.250%1,685,000.00100.000% ---1,685,000.00
<br />12/01/2040Serial Coupon3.300%3.300%1,740,000.00100.000% ---1,740,000.00
<br />12/01/2041Serial Coupon3.350%3.350%1,795,000.00100.000% ---1,795,000.00
<br />12/01/2042Serial Coupon3.400%3.400%1,855,000.00100.000% ---1,855,000.00
<br />12/01/2043Serial Coupon3.450%3.450%1,920,000.00100.000% ---1,920,000.00
<br />12/01/2044Serial Coupon3.500%3.500%1,985,000.00100.000% ---1,985,000.00
<br />Total---$33,735,000.00-----$35,982,277.25
<br />Bid Information
<br />
<br />Par Amount of Bonds....................................................................................................................................................................................
<br />.$33,735,000.00
<br />Reoffering Premium or (Discount).......................................................................................................................................................................
<br />.2,247,277.25
<br />Gross Production.......................................................................................................................................................................................
<br />.$35,982,277.25
<br />
<br />Total Underwriter's Discount (0.500%).................................................................................................................................................................
<br />.$(168,675.00)
<br />Bid (106.162%).........................................................................................................................................................................................
<br />.35,813,602.25
<br />
<br />Total Purchase Price...................................................................................................................................................................................
<br />.$35,813,602.25
<br />
<br />Bond Year Dollars......................................................................................................................................................................................
<br />.$510,207.00
<br />Average Life...........................................................................................................................................................................................
<br />.15.124 Years
<br />Average Coupon.........................................................................................................................................................................................
<br />.3.4592430%
<br />
<br />Net Interest Cost (NIC)................................................................................................................................................................................
<br />.3.0518393%
<br />True Interest Cost (TIC)...............................................................................................................................................................................
<br />.2.9459354%
<br />Series 2019A GO Sales Tax | SINGLE PURPOSE | 7/10/2019 | 1:56 PM
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