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City of Elk River, MN
<br />Proposed Crossover Refunding of
<br />$3,590,000 G.O. Water Revenue B onds, Series 2001A &
<br />Current Refunding of $820,000 G.O. Water Revenue Bonds, Series 1998B
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I Fiscal Total
<br />oz/o 1 /zoos - - - - -
<br />08/Ol/2008 - - 55,725.50 55,725.50 -
<br />02/01/2009 60,000.00 3.400% 55,725.50 115,725.50 171,451.00
<br />08/01/2009 - - 54,705.50 54,705.50 -
<br />02/01 /2010 65,000.00 3.400% 54,705.50
<br />._ 119,705.50
<br />_ _ ] 74,411.00
<br />08/01/2010 _ 53,600.50 53,600.50
<br />02/01/2011 245,000.00 3.400% 53,600.50 298,600.50 352,201.00
<br />08/01/2011 - - 49,435.50 49,435.50 -
<br />02/01/2012 255,000.00 3.450% 49,435.50 304,435.50 353,871.00
<br />08/01/2012 - - 45,036.75 45,036.75 -
<br />02/01/2013 265,000.00 3.500% 45,036.75 310,036.75 355,073.50
<br />08/01/2013 - - 40,399.25 40,399.25 -
<br />02/O1/2014 270,000.00 3.550% 40,399.25 310,399.25 350,798.50
<br />08/01/2014 - - 35,606.75 35,606.75 -
<br />02/O1/2015 205,000.00 3.600% 35,606.75 240,606.75 276,213.50,
<br />08/01/2015 - - 3],916.75 31,916.75 -
<br />02/O1/2016 215,000.00 3.650% 31,916.75 246,916.75 278,833.50
<br />08/01/2016 - - 27,993.00 27,993.00 -
<br />02/O1/2017 220,000.00 3.700% 27,993.00 247,993.00 275,986.00
<br />08/01 /2017 - - 23,923.00 23,923.00 _ -
<br />02/01/2018 230,000.00 3.750% 23,923.00 253,923.00 277,846.00
<br />08/01 /20 ] 8 - - 19,610.50 19,610.50 -
<br />02/O1/2019 240,000.00 3.800% 19,610.50 259,610.50 279,221.00
<br />08/01/2019 - - 15,050.50 15,050.50 -
<br />02/O1/2020 250,000.00 3.850% 15,050.50 265,050.50 280,101.00
<br />__ __
<br />08/01/2020 -
<br />-
<br />10,238.00
<br />10,238.00
<br />-
<br />02/01/2021 260,000.00 3.880% 10,238.00 270,238.00 280,476.00
<br />08/01 /2021 - - 5,194.00 5,194.00 -
<br />02/Ol/2022 265,000.00 3.920% 5,194.00 270,194.00 275,388.00
<br />Total $3,045,000.00 - $936,871.00 $3,981,871.00 -
<br />Yield Statistics
<br />Bond Year Dollars $25,055.00
<br />__ _ __.
<br />Average Life __ _ 8.228 Years
<br />Average Coupon 3 7392576%
<br />Net Interest Cost (NIC) 3.8850968%
<br />_.
<br />True Interest Cost (TiC)
<br />_
<br />3.9066732%
<br />Bond Yield for Arbitrage Purposes 3.7302036%
<br />All Inclusive Cost (AIC)
<br />_ _... _ 4.0784896%
<br />IRS Form 8038
<br />Net Interest Cost 3.7392576%
<br />Weighted Average Maturity 8.228 Years
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<br />08 xover of Ser 01A & cur ~ Issue Summary ~ 11/ 1/2007 ~ 11:51 AM
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