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BID TABULATION
<br />$3,045,OOD' General Obligation Water Revenue Refunding Bonds, Series 2008A
<br />CITY OF ELK RIVER, MINNESOTA
<br />SALE: January 22, 2008
<br />AWARD: UMB BANK, N.A.
<br />RATING: Moody's Investors Service, Inc. "Aa3" BBI: 4.15%
<br />NET TRUE
<br />NAME OF BIDDER MATURITY RATE REOFFERING PRICE INTEREST INTEREST
<br />(Februarys) YIELD COST RATE
<br />UMB BANK, N.A.
<br />Kansas City, Missouri
<br />HARRIS N.A.
<br />Chicago, Illinois
<br />2009"
<br />2010`"
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />202D
<br />2021
<br />2022
<br />2009
<br />2010
<br />2011
<br />2D12
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />2.500%
<br />2.500°
<br />2.600%
<br />2.650
<br />2.750%
<br />2.650%
<br />3.000%
<br />3.100%
<br />3.200%
<br />3.300%
<br />3.400%
<br />3.450%
<br />3.550%
<br />3.650%
<br />3.750°
<br />3.750°
<br />3.750%
<br />3.750%
<br />3.750%
<br />3.750%
<br />3.750
<br />3.750%
<br />3.750%
<br />3.750%
<br />3.750%
<br />3.750%
<br />4.000%
<br />4.000%
<br />2.500% $3,023,076.00 $834,735.99
<br />2.500%
<br />2.600%
<br />2.650%
<br />2.750%
<br />2.850%
<br />3.000%
<br />3.100%
<br />3.200
<br />3.300
<br />3.400%
<br />3.500%
<br />3.600%
<br />3.700%
<br />$3,142,359.35 $853,832.32
<br />3.3523%
<br />3.3553%
<br />`Subsequent to bid opening the issue size was increased to $3,085,000 with the 2009 maturity increased $5,000 to $65,000, the 2011
<br />maturity increased $5,000 to $250,000, the 2013 maturity increased $5,000 to $270,000, the 2014 maturity increased $5,000 to
<br />$275,000, the 2015 maturity increased $5,000 to $210,000, the 2017 maturity increased $5,000 to $225,000, the 2018 maturity increased
<br />$5,000 to $235,000, the 2022 maturity increased $5,000 to $270,000 in maturity value.
<br />Adjusted Price - $3,062,813.37
<br />Adjusted Net Interest Cost - $843,688.19
<br />Adjusted TIC - 3.3515°
<br />"$125,000 Term Bond due 2010 with mandatory redemption in 2009 (Adjusted amount of $130,000)
<br />E H L E R S 3060 Centre Pointe Drive, Roseville, MN 55113
<br />651.697.8500 fax 651.697.8555 www.ehlers-inc.com
<br />& ASSOCIATES I N C Offices in Roseville, MN Bcookfield, WI and Lisle, IL
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