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<br />$1,240,000
<br />City of Elk River, Minnesota
<br />General Obligation Capital Improvement Plan and Equipment Bonds, Series 2021A
<br />Equipment Certificate Portion
<br />NET DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I CIF Net New D/S 105% Levy
<br />02/01/2022 --9,232.97 9,232.97 (9,232.97)--
<br />02/01/2023 135,000.00 0.550%13,242.50 148,242.50 -148,242.50 155,654.63
<br />02/01/2024 135,000.00 0.750%12,500.00 147,500.00 -147,500.00 154,875.00
<br />02/01/2025 135,000.00 0.850%11,487.50 146,487.50 -146,487.50 153,811.88
<br />02/01/2026 135,000.00 0.900%10,340.00 145,340.00 -145,340.00 152,607.00
<br />02/01/2027 135,000.00 1.000%9,125.00 144,125.00 -144,125.00 151,331.25
<br />02/01/2028 140,000.00 1.200%7,775.00 147,775.00 -147,775.00 155,163.75
<br />02/01/2029 140,000.00 1.350%6,095.00 146,095.00 -146,095.00 153,399.75
<br />02/01/2030 140,000.00 1.450%4,205.00 144,205.00 -144,205.00 151,415.25
<br />02/01/2031 145,000.00 1.500%2,175.00 147,175.00 -147,175.00 154,533.75
<br />Total $1,240,000.00 -$86,177.97 $1,326,177.97 (9,232.97)$1,316,945.00 $1,382,792.25
<br />SIGNIFICANT DATES
<br />Dated Date...........................................................................................................................................................5/20/2021
<br />Delivery Date.........................................................................................................................................................5/20/2021
<br />First Coupon Date.................................................................................................................................................2/01/2022
<br />Yield Statistics
<br />Bond Year Dollars.................................................................................................................................................$7,134.56
<br />Average Life..........................................................................................................................................................5.754 Years
<br />Average Coupon....................................................................................................................................................1.2078954%
<br />Net Interest Cost (NIC)...........................................................................................................................................1.4164578%
<br />True Interest Cost (TIC)..........................................................................................................................................1.4230011%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.6426246%
<br />All Inclusive Cost (AIC)...........................................................................................................................................1.6709368%
<br />IRS Form 8038
<br />Net Interest Cost...................................................................................................................................................1.2078954%
<br />Weighted Average Maturity.....................................................................................................................................5.754 Years
<br />2021A GO CIP and EC Bonds | Equipment Certificate Por | 3/ 1/2021 | 9:56 AM
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