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<br /> APPENDIX I
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<br /> City of Elk River, Minnesota Prepared November 1, 1994
<br /> $1,010,000 G.O. Water Revenue Bonds, Series 1994 By SPRINGSTED Incorporated
<br /> Not Reduced by TIF No. 4 Contribution
<br /> Dated: 12. 1.1994
<br /> Mature: 2- 1
<br /> First Interest: 8- 1-1995
<br /> Total
<br /> Year of Year of Principal 105%
<br /> Revenue Mat. Principal Rates Interest & Interest. of Total
<br /> (1 ) (2) (3) (4) (5) (6) (7)
<br /> 1995 1996 35,000 4.55% 67,358 102,358 107,476
<br /> 1996 1997 50,000 4.80% 56,142 106 , 142 111,449
<br /> 1997 1998 50,000 5.00% 53,742 103,742 108,929
<br /> 1998 1999 55,000 5.20% 51,242 106,242 111,554
<br /> 1999 2000 55,000 5.35% 48,382 103,382 108,551
<br /> 2000 2001 60,000 5.45% 45,439 105,439 11 0 , 711
<br /> 2001 2002 60,000 5.55% 42 , 169 1 02 , 1 69 107,277
<br /> 2002 2003 65,000 5.65% 38,839 103,839 1 09,031
<br /> 2003 2004 70,000 5.75% 35 , 166 1 05 , 1 66 110, 424
<br /> 2004 2005 75,000 5.85% 31,141 1 06, 141 111 ,448
<br /> 2005 2006 80,000 5.95'" 26,753 106,753 112,091
<br /> 2006 2007 80,000 6.05'" 21,993 101,993 107,093
<br />e 2007 2008 85,000 6.15% 17 , 153 102 , 153 107,261
<br />2008 2009 90,000 6.25% 11,925 101,925 107,021
<br /> 2009 2010 100,000 6.30% 6,300 106,300 111 ,615
<br /> TOTALS: 1,010,000 553,744 1,563,744 1,641,931
<br />
<br />Bond Years:
<br />Avg. Maturity:
<br />Avg. Annual Rate:
<br />T. 1. C . Rate:
<br />
<br />9,333.33
<br />9.24
<br />5.933%
<br />6.090%
<br />
<br />Annual Interest:
<br />Plus Discount:
<br />Net Interest:
<br />N. I. C. Rate:
<br />
<br />553,744
<br />13, 130
<br />566,874
<br />6.074%
<br />
<br />Total Debt Service (Average of Revenue Years: 1995-2009)
<br />Column 7: $ 109,462
<br />
<br />Interest rates are estimates; changes may cause significant
<br />alterations 01 this schedule.
<br />The actual underwriter's discount bid may also vary.
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<br />P.". ~
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