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$2,215,000
<br />City of Elk River, Minnesota
<br />General Obligation Capital Improvement Plan Bonds, Series 2020A
<br />Fire Station
<br />DEBT SERVICE SCHEDULE
<br />DatePrincipalCouponInterestTotal P+I105% LevyFiscal Total
<br />12/29/2020------
<br />08/01/2021--20,053.1420,053.1421,055.80-
<br />02/01/2022--17,026.2517,026.2517,877.5638,933.36
<br />08/01/2022--17,026.2517,026.2517,877.56-
<br />02/01/2023100,000.000.600%17,026.25117,026.25122,877.56140,755.13
<br />08/01/2023--16,726.2516,726.2517,562.56-
<br />02/01/2024100,000.000.650%16,726.25116,726.25122,562.56140,125.13
<br />08/01/2024--16,401.2516,401.2517,221.31-
<br />02/01/2025100,000.000.700%16,401.25116,401.25122,221.31139,442.63
<br />08/01/2025--16,051.2516,051.2516,853.81-
<br />02/01/2026100,000.000.850%16,051.25116,051.25121,853.81138,707.63
<br />08/01/2026--15,626.2515,626.2516,407.56-
<br />02/01/2027100,000.001.000%15,626.25115,626.25121,407.56137,815.13
<br />08/01/2027--15,126.2515,126.2515,882.56-
<br />02/01/2028105,000.001.100%15,126.25120,126.25126,132.56142,015.13
<br />08/01/2028--14,548.7514,548.7515,276.19-
<br />02/01/2029105,000.001.200%14,548.75119,548.75125,526.19140,802.38
<br />08/01/2029--13,918.7513,918.7514,614.69-
<br />02/01/2030105,000.001.300%13,918.75118,918.75124,864.69139,479.38
<br />08/01/2030--13,236.2513,236.2513,898.06-
<br />02/01/2031105,000.001.400%13,236.25118,236.25124,148.06138,046.13
<br />08/01/2031--12,501.2512,501.2513,126.31-
<br />02/01/2032110,000.001.500%12,501.25122,501.25128,626.31141,752.63
<br />08/01/2032--11,676.2511,676.2512,260.06-
<br />02/01/2033110,000.001.600%11,676.25121,676.25127,760.06140,020.13
<br />08/01/2033--10,796.2510,796.2511,336.06-
<br />02/01/2034110,000.001.700%10,796.25120,796.25126,836.06138,172.13
<br />08/01/2034--9,861.259,861.2510,354.31-
<br />02/01/2035115,000.001.800%9,861.25124,861.25131,104.31141,458.63
<br />08/01/2035--8,826.258,826.259,267.56-
<br />02/01/2036115,000.001.850%8,826.25123,826.25130,017.56139,285.13
<br />08/01/2036--7,762.507,762.508,150.63-
<br />02/01/2037115,000.001.950%7,762.50122,762.50128,900.63137,051.25
<br />08/01/2037--6,641.256,641.256,973.31-
<br />02/01/2038120,000.002.000%6,641.25126,641.25132,973.31139,946.63
<br />08/01/2038--5,441.255,441.255,713.31-
<br />02/01/2039120,000.002.100%5,441.25125,441.25131,713.31137,426.63
<br />08/01/2039--4,181.254,181.254,390.31-
<br />02/01/2040125,000.002.150%4,181.25129,181.25135,640.31140,030.63
<br />08/01/2040--2,837.502,837.502,979.38-
<br />02/01/2041125,000.002.200%2,837.50127,837.50134,229.38137,208.75
<br />08/01/2041--1,462.501,462.501,535.63-
<br />02/01/2042130,000.002.250%1,462.50131,462.50138,035.63139,571.25
<br />Total$2,215,000.00-$478,376.89$2,693,376.89$2,828,045.73-
<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..................................................................................................................................................$26,706.89
<br />Average Life...........................................................................................................................................................12.057 Years
<br />Average Coupon.....................................................................................................................................................1.7912116%
<br />Net Interest Cost (NIC)............................................................................................................................................1.9156177%
<br />True Interest Cost (TIC)...........................................................................................................................................1.9150587%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.7742370%
<br />All Inclusive Cost (AIC)...........................................................................................................................................1.9654634%
<br />IRS Form 8038
<br />Net Interest Cost....................................................................................................................................................1.7912116%
<br />Weighted Average Maturity.....................................................................................................................................12.057 Years
<br />2020A GO CIP Bonds 20 Yr | Fire Station | 10/22/2020 | 3:26 PM
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