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<br />$5,225,000
<br />City of Elk River, Minnesota
<br />General Obligation Capital Improvement Plan and Equipment Bonds, Series 2021A
<br />Issue Summary
<br />NET DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I CIF Net New D/S 105% Levy
<br />02/01/2022 --51,242.35 51,242.35 (51,242.35)--
<br />02/01/2023 310,000.00 0.550%73,495.00 383,495.00 -383,495.00 402,669.75
<br />02/01/2024 315,000.00 0.750%71,790.00 386,790.00 -386,790.00 406,129.50
<br />02/01/2025 315,000.00 0.850%69,427.50 384,427.50 -384,427.50 403,648.88
<br />02/01/2026 315,000.00 0.900%66,750.00 381,750.00 -381,750.00 400,837.50
<br />02/01/2027 315,000.00 1.000%63,915.00 378,915.00 -378,915.00 397,860.75
<br />02/01/2028 325,000.00 1.200%60,765.00 385,765.00 -385,765.00 405,053.25
<br />02/01/2029 325,000.00 1.350%56,865.00 381,865.00 -381,865.00 400,958.25
<br />02/01/2030 330,000.00 1.450%52,477.50 382,477.50 -382,477.50 401,601.38
<br />02/01/2031 335,000.00 1.500%47,692.50 382,692.50 -382,692.50 401,827.13
<br />02/01/2032 195,000.00 1.550%42,667.50 237,667.50 -237,667.50 249,550.88
<br />02/01/2033 200,000.00 1.600%39,645.00 239,645.00 -239,645.00 251,627.25
<br />02/01/2034 200,000.00 1.650%36,445.00 236,445.00 -236,445.00 248,267.25
<br />02/01/2035 205,000.00 1.700%33,145.00 238,145.00 -238,145.00 250,052.25
<br />02/01/2036 210,000.00 1.750%29,660.00 239,660.00 -239,660.00 251,643.00
<br />02/01/2037 210,000.00 1.800%25,985.00 235,985.00 -235,985.00 247,784.25
<br />02/01/2038 215,000.00 1.850%22,205.00 237,205.00 -237,205.00 249,065.25
<br />02/01/2039 220,000.00 1.900%18,227.50 238,227.50 -238,227.50 250,138.88
<br />02/01/2040 225,000.00 1.950%14,047.50 239,047.50 -239,047.50 250,999.88
<br />02/01/2041 230,000.00 2.000%9,660.00 239,660.00 -239,660.00 251,643.00
<br />02/01/2042 230,000.00 2.200%5,060.00 235,060.00 -235,060.00 246,813.00
<br />Total $5,225,000.00 -$891,167.35 $6,116,167.35 (51,242.35)$6,064,925.00 $6,368,171.25
<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.................................................................................................................................................$53,747.99
<br />Average Life..........................................................................................................................................................10.287 Years
<br />Average Coupon....................................................................................................................................................1.6580479%
<br />Net Interest Cost (NIC)...........................................................................................................................................1.7747034%
<br />True Interest Cost (TIC)..........................................................................................................................................1.7729866%
<br />Bond Yield for Arbitrage Purposes...........................................................................................................................1.6426246%
<br />All Inclusive Cost (AIC)...........................................................................................................................................1.9007671%
<br />IRS Form 8038
<br />Net Interest Cost...................................................................................................................................................1.6580479%
<br />Weighted Average Maturity.....................................................................................................................................10.287 Years
<br />2021A GO CIP and EC Bonds | Issue Summary | 3/ 1/2021 | 9:56 AM
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