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City of Elk River, MN <br /> <br />Proposed Current Refunding of <br />$820,000 G.O. Water Revenue Bonds, Serie s 1998B <br />Debt Service Comparison <br /> Net New <br />Date Total P+I D/S Old Net D/S Savings <br />02/01 /2008 - 4,397.70 - (4,397.70) <br />02/01 /2009 73,810.00 73,810.00 78,815.00 5,005.00 <br />02/01 /2010 76,770.00 76,770.00 76,115.00 (655.00) <br />02/01 /2011 74,560.00 74,560.00 78,355.00 3,795.00 <br />02/01/2012 77,350.00 77,350.00 75,300.00 (2,050.00) <br />02/01 /2013 74,935.00 74,935.00 77,180.00 2,245.00 <br />02/01 /2014 72,485.00 72,485.00 78,750.00 6,265.00 <br />Total $449,910.00 $454,307.70 $464,515.00 $10,207.30 <br />PV Analysis Summary (Net to Net) <br /> <br />Gross PV Debt Service Savings .. ............. <br />_.._ _ <br /> <br />_. _ _ _ _ 12,893.58__ <br />Net PV Cashflow Savings @ 3.730%(Bond Yield)...., _ _ _ _ _ 12,893 58 <br />Contingency or Rounding Amount . ............ <br />- - _ <br />_._ _ (4,397 70) <br />__ <br />Net Present Value Benefit $8,495.88 <br />_. _.__ <br />Net PV Benefit / $409,562.98 PV Refunded Debt Service .2.074% <br />Net PV Benefit / $395,000 Refunded Pnncipal.. _ _ 2.151% <br />_. <br />Net PV Benefit / $400,000 Refunding Principal.. <br />_ <br />__ 2,.,124% <br />Refunding Bond Information <br /> <br />Refunding Dated Date 2/01/2008 <br />Refunding Delivery Date 2/01/2008 <br /> <br />OS xover of Ser 01A & cur ~ Ser 986 $820K CURR ~ 11/ 1/2007 ~ 11:51 AM <br />~ ~ ~ • ~ <br /> <br />