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$9,895,000
<br />City of Elk River, Minnesota
<br />General Obligation Capital Improvement Plan Bonds, Series 2020A
<br />Issue Summary
<br />DEBT SERVICE SCHEDULE
<br />DatePrincipalCouponInterestTotal P+I105% LevyFiscal Total
<br />12/29/2020------
<br />08/01/2021--89,656.8689,656.8694,139.70-
<br />02/01/2022--76,123.7576,123.7579,929.94174,069.64
<br />08/01/2022--76,123.7576,123.7579,929.94-
<br />02/01/2023445,000.000.600%76,123.75521,123.75547,179.94627,109.88
<br />08/01/2023--74,788.7574,788.7578,528.19-
<br />02/01/2024445,000.000.650%74,788.75519,788.75545,778.19624,306.38
<br />08/01/2024--73,342.5073,342.5077,009.63-
<br />02/01/2025445,000.000.700%73,342.50518,342.50544,259.63621,269.25
<br />08/01/2025--71,785.0071,785.0075,374.25-
<br />02/01/2026450,000.000.850%71,785.00521,785.00547,874.25623,248.50
<br />08/01/2026--69,872.5069,872.5073,366.13-
<br />02/01/2027450,000.001.000%69,872.50519,872.50545,866.13619,232.25
<br />08/01/2027--67,622.5067,622.5071,003.63-
<br />02/01/2028460,000.001.100%67,622.50527,622.50554,003.63625,007.25
<br />08/01/2028--65,092.5065,092.5068,347.13-
<br />02/01/2029465,000.001.200%65,092.50530,092.50556,597.13624,944.25
<br />08/01/2029--62,302.5062,302.5065,417.63-
<br />02/01/2030470,000.001.300%62,302.50532,302.50558,917.63624,335.25
<br />08/01/2030--59,247.5059,247.5062,209.88-
<br />02/01/2031475,000.001.400%59,247.50534,247.50560,959.88623,169.75
<br />08/01/2031--55,922.5055,922.5058,718.63-
<br />02/01/2032485,000.001.500%55,922.50540,922.50567,968.63626,687.25
<br />08/01/2032--52,285.0052,285.0054,899.25-
<br />02/01/2033490,000.001.600%52,285.00542,285.00569,399.25624,298.50
<br />08/01/2033--48,365.0048,365.0050,783.25-
<br />02/01/2034495,000.001.700%48,365.00543,365.00570,533.25621,316.50
<br />08/01/2034--44,157.5044,157.5046,365.38-
<br />02/01/2035505,000.001.800%44,157.50549,157.50576,615.38622,980.75
<br />08/01/2035--39,612.5039,612.5041,593.13-
<br />02/01/2036515,000.001.850%39,612.50554,612.50582,343.13623,936.25
<br />08/01/2036--34,848.7534,848.7536,591.19-
<br />02/01/2037520,000.001.950%34,848.75554,848.75582,591.19619,182.38
<br />08/01/2037--29,778.7529,778.7531,267.69-
<br />02/01/2038535,000.002.000%29,778.75564,778.75593,017.69624,285.38
<br />08/01/2038--24,428.7524,428.7525,650.19-
<br />02/01/2039545,000.002.100%24,428.75569,428.75597,900.19623,550.38
<br />08/01/2039--18,706.2518,706.2519,641.56-
<br />02/01/2040555,000.002.150%18,706.25573,706.25602,391.56622,033.13
<br />08/01/2040--12,740.0012,740.0013,377.00-
<br />02/01/2041565,000.002.200%12,740.00577,740.00606,627.00620,004.00
<br />08/01/2041--6,525.006,525.006,851.25-
<br />02/01/2042580,000.002.250%6,525.00586,525.00615,851.25622,702.50
<br />Total$9,895,000.00-$2,140,875.61$12,035,875.61$12,637,669.39-
<br />SIGNIFICANT DATES
<br />Dated...................................................................................................................................................................12/29/2020
<br />Delivery Date.........................................................................................................................................................12/29/2020
<br />First Coupon Date.................................................................................................................................................8/01/2021
<br />Yield Statistics
<br />Bond Year Dollars.................................................................................................................................................$119,449.56
<br />Average Life..........................................................................................................................................................12.072 Years
<br />Average Coupon....................................................................................................................................................1.7922843%
<br />Net Interest Cost (NIC)...........................................................................................................................................1.9165418%
<br />True Interest Cost (TIC)..........................................................................................................................................1.9160003%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.7742370%
<br />All Inclusive Cost (AIC)...........................................................................................................................................1.9663544%
<br />IRS Form 8038
<br />Net Interest Cost...................................................................................................................................................1.7922843%
<br />Weighted Average Maturity.....................................................................................................................................12.072 Years
<br />2020A GO CIP Bonds 20 Yr | Issue Summary | 10/22/2020 | 3:25 PM
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