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Exhibit B <br /> <br />CITY OF ELK RIVER, MINNESOTA <br />General Obligation Bonds, Series 1999A <br /> <br />Composition of Issue <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 /> (500,000) <br /> 146,000 <br /> N/A <br /> N/A <br /> (1,821) <br /> <br />Total Bond Issue 5,725,000, <br /> <br />(a) Included in the project costs to be financed. <br />(b) Investment earnings are required for project costs. Amount shown here is for rounding <br />purposes. <br /> <br />Sources of Revenue <br />Special Assessment Income <br /> <br /> Trott Brook (15 Year Assessments Amortized Over 7 Years) <br /> <br />Trunk Assessments (15 Years) <br />Less: Trott Brook Oversizing <br />Less: Trott Brook 7 Year Assessments <br />Less: Green Acre Deferments <br /> Net Trunk Assessments <br /> <br />Hohlen Lateral Assessments (15 Years) <br /> <br />Interior Industrial Park Road Assessments (15 Years) <br /> <br />Deferments <br /> Principal amount anticipated to be deferred 7 years <br /> Principal amount anticipated to be deferred 14 years <br /> Total Deferments <br /> <br />Total Special Assessments (rounded to nearest $5,000) <br /> <br />4,186,380 <br /> (275,000) <br />(1,577,820) <br /> (420,420) <br /> <br />207,600 <br />212,820 <br /> <br />1,577,820 <br /> <br />1,913,140 <br /> 207,000 <br /> 330,000 <br /> <br />420,420 <br /> <br />4,450,000 <br /> <br />Water Fund Contribution over 15 Years <br /> <br />Sewer Fund Contribution over 15 Years <br /> <br />Tax Increment Financing District No. 19 over 13 Years <br /> <br />Property Tax Levy Portion (if needed) <br /> <br /> Total Revenues <br /> <br />300,000 <br />200,000 <br />630,000 <br />145,000 <br /> <br />5,725,000 <br /> <br />Prepared by SPRINGSTED Incorporated <br /> <br />5/5199 <br /> <br /> <br />