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$5,970,000
<br />City of Elk River, Minnesota
<br />General Obligation Capital Improvement Plan Refunding Bonds, Series 2020B
<br />Issue Summary
<br />Debt Service Comparison
<br />DateTotal P+IExisting D/SNet New D/SOld Net D/SSavings
<br />02/01/2021-1,054,787.501,054,787.501,054,787.50-
<br />02/01/20221,111,075.78-1,111,075.781,152,675.0041,599.22
<br />02/01/20231,105,315.00-1,105,315.001,154,575.0049,260.00
<br />02/01/2024418,985.00-418,985.00440,175.0021,190.00
<br />02/01/2025416,547.50-416,547.50438,175.0021,627.50
<br />02/01/2026413,922.50-413,922.50436,075.0022,152.50
<br />02/01/2027415,735.00-415,735.00437,975.0022,240.00
<br />02/01/2028416,935.00-416,935.00439,650.0022,715.00
<br />02/01/2029412,700.00-412,700.00435,625.0022,925.00
<br />02/01/2030413,080.00-413,080.00436,000.0022,920.00
<br />02/01/2031413,010.00-413,010.00436,125.0023,115.00
<br />02/01/2032412,480.00-412,480.00436,000.0023,520.00
<br />02/01/2033411,480.00-411,480.00435,625.0024,145.00
<br />Total$6,361,265.78$1,054,787.50$7,416,053.28$7,733,462.50$317,409.22
<br />PV Analysis Summary (Net to Net)
<br />Net FV Cashflow Savings.........................................................................................................................................317,409.22
<br />Gross PV Debt Service Savings................................................................................................................................297,364.08
<br />Net PV Cashflow Savings @ 1.180%(Bond Yield)......................................................................................................297,364.08
<br />Contingency or Rounding Amount.............................................................................................................................3,300.00
<br />Net Future Value Benefit..........................................................................................................................................$320,709.22
<br />Net Present Value Benefit........................................................................................................................................$300,664.08
<br />Net PV Benefit / $6,267,364.08 PV Refunded Debt Service.........................................................................................4.797%
<br />Net PV Benefit / $5,865,000 Refunded Principal........................................................................................................5.126%
<br />Net PV Benefit / $5,970,000 Refunding Principal.......................................................................................................5.036%
<br />Refunding Bond Information
<br />Refunding Dated Date..............................................................................................................................................12/29/2020
<br />Refunding Delivery Date...........................................................................................................................................12/29/2020
<br />2020 GO Ref Bonds (10A, 1 | Issue Summary | 10/22/2020 | 1:52 PM
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