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<br /> APPENDIX IV
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<br />City of Elk River, Minnesota Prepared November 3, 1994
<br />$1,550,000 G.O. Improvement Bonds, Series 1994 By SPRINGSTED Incorporated
<br />Dated: 12- 1-1994
<br />Mature: 2- 1
<br />First Interest: 8- 1 - 1 995
<br /> Total Projected Total
<br />Year of Year 01 Principal 1 05% Assessment Net
<br />Levy Mat. Principal Rates Interest & Interest of Total Income Requirement
<br />( 1 ) (2) (3) (4) (5) (6) (7) (8) ( 9)
<br />1994 1996 95,000 4.55% 101,026 196,026 205,827 187,722 18,105
<br />1995 1997 1 10, 000 4.80% 82,271 192,271 201,885 180,835 21,050
<br />1996 1998 105,000 5.001\1 76,991 181,991 191,091 174,219 16,872
<br />1997 1999 105,000 5.20% 71,741 176,741 185,578 167,603 17 , 975
<br />1998 2000 105,000 5.35% 66,281 171,281 179 , 845 160,987 1 8 , 858
<br />1999 2001 105,000 5.45% 60,663 165,663 173,946 154,371 19,575
<br />2000 2002 105,000 5.55'- 54,940 159,940 167,937 147,755 20 , 182
<br />2001 2003 105,000 5.651\1 49,112 154 , 112 161,818 141,139 20,679
<br />2002 2004 105,000 5.75% 43, 179 148,179 155,588 134,523 21,065
<br />2003 2005 105,000 5.85"- 37,141 142,141 149,248 127,907 21,341
<br />2004 2006 105,000 5.95'- 30,998 135,998 142,798 1"21,292 . 21,506
<br />2005 2007 100,000 6.05% 24,750 124,750 130,988 114, 676 16,312
<br />e 2006 2008 100,000 6. 15"- 18,700 118,700 124,635 108,060 16,575
<br />2007 2009 100,000 6.25"- 12,550 112,550 118,178 101,444 16,734
<br />2008 2010 100,000 6.30'- 6,300 106,300 111,615 94,829 16,786
<br />TOTALS: 1,550,000 736,643 2,286,643 2,400,977 2,117,362 283,615
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<br />Bond Years:
<br />Avg. Maturity:
<br />Avg. Annual Rate:
<br />T. I. C. Rate:
<br />
<br />12,588.33
<br />8.12
<br />5.852%
<br />6.025%
<br />
<br />Annual Interest:
<br />Plus Discount:
<br />Net Interest:
<br />N. I. o. Rate:
<br />
<br />736,643
<br />20,150
<br />756,793
<br />6.012%
<br />
<br />Interest rates are estimates; changes may cause significant alterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
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