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City of Elk River, Minnesota
<br />General Obligation Sewer Revenue Bonds
<br />Series 1996A
<br />
<br />Prepared May 8, 1996
<br />By SPRINGSTED Incorporated
<br />
<br />Dated: 7- 1-1996
<br />Mature: 2- 1
<br />First Interest: 2- 1-1997
<br />
<br />Year of Year of
<br />Revenue Mat. Principai Rates
<br /> (1) (2) (3) (4)
<br />
<br /> Total
<br /> Principal
<br />Interest & Interest
<br />(5) (6)
<br />
<br />1996 1997 135,000 4.50%
<br />1997 1998 80~000 4.60%
<br />1998 1999 85,000 4.75%
<br />1999 2000 90,000 4.90%
<br />2000 2001 95,000 4.95%
<br />2001 2002 95,000 5.05%
<br />2002 2003 100,000 5.15%
<br />2003 2004 110~000 5.20%
<br />2004 2005 115~000 5.25%
<br />2005 2006 120,000 5.35%
<br />2006 2007 125~000 5.55%
<br />2007 2008 130,000 5.60%
<br />2008 2009 140,000 5.70%
<br />2009 2010 150~000 5.80%
<br />2010 2011 155,000 5.90%
<br />2011 2012 165,000 5.95%
<br />2012 2013 175~000 6.05%
<br />2013 2014 185,000 6.05%
<br />2014 2015 195,000 6.10%
<br />2015 2016 210~000 6.15%
<br />
<br />86,032 221,032
<br />141,409 221,409
<br />137,729 222,729
<br />133,691 223,691
<br />129,281 224,281
<br />124,578 219,578
<br />119,780 219,780
<br />114,630 224,630
<br />108,910 223,910
<br />102,872 222,872
<br />96~452 221,452
<br />89,514 219,514
<br />82,234 222,234
<br />74~254 224~254
<br />65,554 220,554
<br />56,409 221,409
<br />46~591 221~591
<br />36,003 221,003
<br />24,810 219,810
<br />12~915 222~915
<br />
<br />TOTALS: 2,655,000
<br />
<br />1,783,648 4,438,648
<br />
<br />Bond Years: 30,693.75
<br />Avg. Maturity: 11.56
<br />Avg. Annual Rate: 5.811%
<br />T.I.C. Rate: 5.961%
<br />
<br />Annual Interest:
<br />Plus Discount:
<br />Net Interest:
<br />N.I.C. Rate:
<br />
<br />1,783~648
<br /> 39,825
<br />1,823,473
<br /> 5.941%
<br />
<br />Interest rates are estimates; changes may cause significant
<br /> alterations of this schedule.
<br />The actual underwriter's discount bid may also vary.
<br />
<br />Page 5
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