Laserfiche WebLink
$1,375,000 <br />City of Elk River, Minnesota <br />General Obligation Capital Improvement Plan Refunding Bonds, Series 2020B <br />Current Refunding of Series 2010A <br />Debt Service Comparison <br />DateTotal P+IExisting D/SNet New D/SOld Net D/SSavings <br />02/01/2021-674,700.00674,700.00674,700.00- <br />02/01/2022693,610.39-693,610.39714,000.0020,389.61 <br />02/01/2023694,140.00-694,140.00717,600.0023,460.00 <br />Total$1,387,750.39$674,700.00$2,062,450.39$2,106,300.00$43,849.61 <br />PV Analysis Summary (Net to Net) <br />Net FV Cashflow Savings...........................................................................................................................................43,849.61 <br />Gross PV Debt Service Savings.................................................................................................................................43,217.99 <br />Net PV Cashflow Savings @ 1.180%(Bond Yield).......................................................................................................43,217.99 <br />Contingency or Rounding Amount...............................................................................................................................1,576.63 <br />Net Future Value Benefit............................................................................................................................................$45,426.24 <br />Net Present Value Benefit..........................................................................................................................................$44,794.62 <br />Net PV Benefit / $1,405,317.90 PV Refunded Debt Service...........................................................................................3.188% <br />Net PV Benefit / $1,350,000 Refunded Principal..........................................................................................................3.318% <br />Net PV Benefit / $1,375,000 Refunding Principal.........................................................................................................3.258% <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 | Current Refunding of Seri | 10/23/2020 | 8:47 AM <br />Page 19 <br />