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<br />
<br />City of Elk River, MN
<br />$2,875,000 Electric Utility Revenue Bonds, Series 2007
<br />$2,500,000 Net Project Costs - 12 Year Term
<br />
<br />Debt Service Schedule
<br />
<br />Date Principal Coupon Interest Total P+I Fiscal Total
<br />03/15/2007
<br />08/01/2007 49,961.11 49,961.11
<br />02/01/2008 66,125.00 66,125.00 116,086.11
<br />08/01/2008 66,125.00 66,125.00
<br />02/01/2009 .. m . mmm mm .6Ei,125: OOm 6Ei,I?5:00m m. . .mmmmI 3 2,25000
<br />08/01/2009 66,125.00 66,125.00
<br />02/01/2010 170,000.00 4.300% 66,125.00 236,125.00 302,250.00
<br />08/01/2010 62,470.00 62,4 70.00
<br />02/01/2011 175,000.00 4.350% 62,470.00 237,470.00 299,940.00
<br />08/01/2011
<br />02/01/2012 180,000.00 4.400% 58,663.75 238,663.75 297,327.50
<br />08/01/2012 54,703.75 54,703.75
<br />02/01/2013 190,000.00 4.450% 54,703.75 244,703.75 299,407.50
<br />08/01/2013 50,476.25 50,476.25
<br />02/01/2014 ... ....?OQ,QOO.OO.. . 4.500% .. m. m. .. m ..m?0,4?Ei:25 m . .mm . m 250,4?Ei:??m .300,???:?O
<br />08/01/2014 45,976.25 45,976.25
<br />02/01/2015 210,000.00 4.550% 45,976.25 255,976.25 301,952.50
<br />08/01/2015 41,198.75 41,198.75
<br />02/01/2016 215,000.00 4.575% 41,198.75 256,198.75 297,397.50
<br />02/01/2017 225,000.00 4.600% 36,280.63 261,28063 297,561.26
<br />08/01/2017 31,105.63 31,105.63
<br />02/01/2018 240,000.00 4.650% 31,105.63 271,105.63 302,211.26
<br />08/01/2018 25,525.63 25,525.63
<br />02/01/2019 250,000.00 4.700% 25,52563 275,525.63 301,051.26
<br />08/01/2019 19,650.63 19,650.63
<br />02/01/2020 260,000.00 4.750% 19,650.63 279,65063 299,301.26
<br />08/01/2020 13,475.63 13,475.63
<br />02/01/2021 275,000.00 4.800% 13,475.63 288,475.63 301,951.26
<br />02/01/2022 285,000.00 4.825% 6,875.63 291,875.63 298,751.26
<br />Total $2,875,000.00 $1,273,391.17 $4,148,391.17
<br />Yield Statistics
<br />Bond Year Dollars $27,308.61
<br /> Years
<br /> 4.6629657%
<br />
<br />
<br />
<br />
<br />4.6537092%
<br />5.0719543%
<br />
<br />IRS Form 8038
<br />Net Interest Cost
<br />Weighted Average Maturity
<br />
<br />4.6629657%
<br />9.499 Years
<br />
<br />Ser 07 Elctr Util Rev Bds I SINGLE PURPOSE I 2/12/2007 I 2:51 PM
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<br />Ehlers & Associates, Inc.
<br />Leaders in Public Finance Page 2
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