|
Page 6
<br />
<br />$14,460,000
<br />City of Elk River, Minnesota
<br />Electric Revenue Bonds, Series 2021B
<br />Issue Summary
<br />DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I
<br />08/01/2021 ----
<br />02/01/2022 --191,882.13 191,882.13
<br />08/01/2022 335,000.00 0.500%133,871.25 468,871.25
<br />02/01/2023 --133,033.75 133,033.75
<br />08/01/2023 395,000.00 0.550%133,033.75 528,033.75
<br />02/01/2024 --131,947.50 131,947.50
<br />08/01/2024 395,000.00 0.600%131,947.50 526,947.50
<br />02/01/2025 --130,762.50 130,762.50
<br />08/01/2025 400,000.00 0.650%130,762.50 530,762.50
<br />02/01/2026 --129,462.50 129,462.50
<br />08/01/2026 400,000.00 0.750%129,462.50 529,462.50
<br />02/01/2027 --127,962.50 127,962.50
<br />08/01/2027 405,000.00 0.850%127,962.50 532,962.50
<br />02/01/2028 --126,241.25 126,241.25
<br />08/01/2028 410,000.00 1.000%126,241.25 536,241.25
<br />02/01/2029 --124,191.25 124,191.25
<br />08/01/2029 410,000.00 1.150%124,191.25 534,191.25
<br />02/01/2030 --121,833.75 121,833.75
<br />08/01/2030 415,000.00 1.350%121,833.75 536,833.75
<br />02/01/2031 --119,032.50 119,032.50
<br />08/01/2031 420,000.00 1.550%119,032.50 539,032.50
<br />02/01/2032 --115,777.50 115,777.50
<br />08/01/2032 430,000.00 1.700%115,777.50 545,777.50
<br />02/01/2033 --112,122.50 112,122.50
<br />08/01/2033 435,000.00 1.750%112,122.50 547,122.50
<br />02/01/2034 --108,316.25 108,316.25
<br />08/01/2034 445,000.00 1.850%108,316.25 553,316.25
<br />02/01/2035 --104,200.00 104,200.00
<br />08/01/2035 450,000.00 1.900%104,200.00 554,200.00
<br />02/01/2036 --99,925.00 99,925.00
<br />08/01/2036 460,000.00 2.000%99,925.00 559,925.00
<br />02/01/2037 --95,325.00 95,325.00
<br />08/01/2037 470,000.00 2.050%95,325.00 565,325.00
<br />02/01/2038 --90,507.50 90,507.50
<br />08/01/2038 480,000.00 2.050%90,507.50 570,507.50
<br />02/01/2039 --85,587.50 85,587.50
<br />08/01/2039 490,000.00 2.050%85,587.50 575,587.50
<br />02/01/2040 --80,565.00 80,565.00
<br />08/01/2040 500,000.00 2.100%80,565.00 580,565.00
<br />02/01/2041 --75,315.00 75,315.00
<br />08/01/2041 510,000.00 2.150%75,315.00 585,315.00
<br />02/01/2042 --69,832.50 69,832.50
<br />08/01/2042 520,000.00 2.300%69,832.50 589,832.50
<br />02/01/2043 --63,852.50 63,852.50
<br />08/01/2043 535,000.00 2.300%63,852.50 598,852.50
<br />02/01/2044 --57,700.00 57,700.00
<br />08/01/2044 545,000.00 2.300%57,700.00 602,700.00
<br />02/01/2045 --51,432.50 51,432.50
<br />08/01/2045 560,000.00 2.300%51,432.50 611,432.50
<br />02/01/2046 --44,992.50 44,992.50
<br />08/01/2046 570,000.00 2.300%44,992.50 614,992.50
<br />02/01/2047 --38,437.50 38,437.50
<br />08/01/2047 585,000.00 2.500%38,437.50 623,437.50
<br />02/01/2048 --31,125.00 31,125.00
<br />08/01/2048 600,000.00 2.500%31,125.00 631,125.00
<br />02/01/2049 --23,625.00 23,625.00
<br />08/01/2049 615,000.00 2.500%23,625.00 638,625.00
<br />02/01/2050 --15,937.50 15,937.50
<br />08/01/2050 630,000.00 2.500%15,937.50 645,937.50
<br />02/01/2051 --8,062.50 8,062.50
<br />08/01/2051 645,000.00 2.500%8,062.50 653,062.50
<br />Total $14,460,000.00 -$5,359,965.88 $19,819,965.88
<br />SIGNIFICANT DATES
<br />Dated Date..........................................................................................................................................................5/13/2021
<br />Delivery Date.......................................................................................................................................................5/13/2021
<br />First Coupon Date................................................................................................................................................2/01/2022
<br />Yield Statistics
<br />Bond Year Dollars................................................................................................................................................$247,858.00
<br />Average Life........................................................................................................................................................17.141 Years
<br />Average Coupon..................................................................................................................................................2.1625148%
<br />Net Interest Cost (NIC).........................................................................................................................................2.2558585%
<br />True Interest Cost (TIC)........................................................................................................................................2.2498337%
<br />Bond Yield for Arbitrage Purposes.........................................................................................................................2.1335381%
<br />All Inclusive Cost (AIC).........................................................................................................................................2.2932331%
<br />IRS Form 8038
<br />Net Interest Cost.................................................................................................................................................2.1625148%
<br />Weighted Average Maturity...................................................................................................................................17.141 Years
<br />File | Working Elk River MN.sf | 2021 Electric Rev Bonds 3 | SINGLE PURPOSE | 1/22/2021 | 1:45 PM
<br />
|