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$7,295,000
<br />City of Elk River, Minnesota
<br />Taxable General Obligation Sewer Revenue Refunding Bonds, Series 2020C
<br />Crossover Refunding of Series 2014B
<br />NET DEBT SERVICE SCHEDULE
<br />DatePrincipalCouponInterestTotal P+IEscrowExisting D/SNet New D/S105% Overlevy
<br />02/01/2021-----557,502.50557,502.50585,377.63
<br />02/01/2022--134,540.39134,540.39(7,174,540.39)7,716,205.00676,205.00710,015.25
<br />02/01/2023515,000.000.750%123,557.50638,557.50--638,557.50670,485.38
<br />02/01/2024520,000.000.950%119,695.00639,695.00--639,695.00671,679.75
<br />02/01/2025530,000.001.050%114,755.00644,755.00--644,755.00676,992.75
<br />02/01/2026530,000.001.150%109,190.00639,190.00--639,190.00671,149.50
<br />02/01/2027535,000.001.400%103,095.00638,095.00--638,095.00669,999.75
<br />02/01/2028545,000.001.600%95,605.00640,605.00--640,605.00672,635.25
<br />02/01/2029550,000.001.800%86,885.00636,885.00--636,885.00668,729.25
<br />02/01/2030565,000.001.900%76,985.00641,985.00--641,985.00674,084.25
<br />02/01/2031575,000.002.000%66,250.00641,250.00--641,250.00673,312.50
<br />02/01/2032585,000.002.100%54,750.00639,750.00--639,750.00671,737.50
<br />02/01/2033600,000.002.200%42,465.00642,465.00--642,465.00674,588.25
<br />02/01/2034615,000.002.300%29,265.00644,265.00--644,265.00676,478.25
<br />02/01/2035630,000.002.400%15,120.00645,120.00--645,120.00677,376.00
<br />Total$7,295,000.00-$1,172,157.89$8,467,157.89(7,174,540.39)$8,273,707.50$9,566,325.00$10,044,641.25
<br />SIGNIFICANT DATES
<br />Dated Date.............................................................................................................................................................................12/29/2020
<br />
<br />Delivery Date...........................................................................................................................................................................12/29/2020
<br />
<br />First Coupon Date...................................................................................................................................................................8/01/2021
<br />
<br />Yield Statistics
<br />Bond Year Dollars...................................................................................................................................................................$60,718.44
<br />
<br />Average Life............................................................................................................................................................................8.323
<br /> Years
<br />Average Coupon......................................................................................................................................................................1.9304808%
<br />
<br />Net Interest Cost (NIC).............................................................................................................................................................2.0626399%
<br />
<br />True Interest Cost (TIC)............................................................................................................................................................2.0629795%
<br />
<br />Bond Yield for Arbitrage Purposes.............................................................................................................................................1.9171159%
<br />
<br />All Inclusive Cost (AIC).............................................................................................................................................................2.1534721%
<br />
<br />IRS Form 8038
<br />Net Interest Cost.....................................................................................................................................................................1.9304808%
<br />
<br />Weighted Average Maturity.......................................................................................................................................................8.323
<br /> Years
<br />2020 Txbl GO Ref Bonds (1 | SINGLE PURPOSE | 10/22/2020 | 1:55 PM
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