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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 SCHEDULE
<br />DatePrincipalCouponInterestTotal P+I105% Levy
<br />02/01/2021-----
<br />02/01/20221,050,000.000.550%61,075.781,111,075.781,166,629.57
<br />02/01/20231,055,000.000.600%50,315.001,105,315.001,160,580.75
<br />02/01/2024375,000.000.650%43,985.00418,985.00439,934.25
<br />02/01/2025375,000.000.700%41,547.50416,547.50437,374.88
<br />02/01/2026375,000.000.850%38,922.50413,922.50434,618.63
<br />02/01/2027380,000.001.000%35,735.00415,735.00436,521.75
<br />02/01/2028385,000.001.100%31,935.00416,935.00437,781.75
<br />02/01/2029385,000.001.200%27,700.00412,700.00433,335.00
<br />02/01/2030390,000.001.300%23,080.00413,080.00433,734.00
<br />02/01/2031395,000.001.400%18,010.00413,010.00433,660.50
<br />02/01/2032400,000.001.500%12,480.00412,480.00433,104.00
<br />02/01/2033405,000.001.600%6,480.00411,480.00432,054.00
<br />Total$5,970,000.00-$391,265.78$6,361,265.78$6,679,329.07
<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.................................................................................................................................................$32,965.67
<br />Average Life..........................................................................................................................................................5.522 Years
<br />Average Coupon....................................................................................................................................................1.1868887%
<br />Net Interest Cost (NIC)...........................................................................................................................................1.3679862%
<br />True Interest Cost (TIC)..........................................................................................................................................1.3711821%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.1804047%
<br />All Inclusive Cost (AIC)...........................................................................................................................................1.5072222%
<br />IRS Form 8038
<br />Net Interest Cost...................................................................................................................................................1.1868887%
<br />Weighted Average Maturity.....................................................................................................................................5.522 Years
<br />2020 GO Ref Bonds (10A, 1 | Issue Summary | 10/22/2020 | 1:52 PM
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