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CITY OF ELK RIVER, MINNESOTA <br />General Obligation Bonds, Series 1999A <br /> <br />Composition of the issue will be determined as follows: <br /> Project Costs to be Financed <br /> Less: Utility Fund Contribution <br /> Capitalized Interest through 2-1-2000 <br /> Cost of Issuance (a) <br /> Allowance for Discount Bidding (a) <br /> Investment Earnings (b) <br /> <br />6,080.821 <br /> (5o0,000) <br /> 146,000 <br /> N/A <br /> N/A <br /> (1,821) <br /> <br />Total Bond Issue <br /> <br />5,725,000 <br /> <br />(a) Included in the project costs to be financed. <br />(b) Investment earnings are required for project costs. Amounf shown here is for rounding <br />purposes. <br /> <br />Calculation of Special Assessment Income: <br />Fifteen Year Assessrnents Amortized Over Seven Years <br /> Trott Brook <br /> <br />Fifteen Year Assessmenfs Amortized Over Fifteen Years <br /> Trunk Assessments <br /> Hohlen Lateral Assessments <br /> Interior Industrial Park Road Assessments <br /> Subtotal <br /> Less: Trott Brook Oversizing <br /> Less: Trott Brook 7 Year Assessments <br /> Less: Green Acre Deferments <br /> Total 15 Year Assessments <br /> <br />Deferments <br /> Principal amount anticipated to be deferred 7 years <br /> Principal amount anticipated to be deferred 15 years <br /> Total Deferments <br /> <br />1,577,820 <br /> <br />4,186,380 <br /> 207,000 <br /> 330,000 <br /> <br />4,723,380 <br /> (275,000) <br />(1,577,820) <br /> (420,420) <br /> 2,450,140 <br /> <br />207,600 <br />212,820 <br /> <br />420,420 <br /> <br />Water Fund Contribution over 15 Years <br /> <br />Sewer Fund Contribution over 15 Years <br /> <br />Tax Increment District No. 19 over 13 Years <br /> <br />325,000 <br />175,000 <br />735,000 <br /> <br />Prepared by SPRINGSTED Incorporated <br /> <br />5/3/99 <br /> <br />g :\u s e rs\b re nd a\el kriv~-r\hwy I 0 .xls <br /> <br /> <br />