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<br />City of Elk River/Elk River EDA
<br />$2,000,000 G.O. Bonds, Series 2008
<br />(YMCA Project)
<br />Debt Service Schedule
<br />Date Principal Coupon _ Interest __ Total P+I _Fiscal Total_
<br />-- --- --
<br />~ o2rov2oo8 -
<br />-
<br />-
<br />-
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<br />~ 08/01 /2008 - - 40,490.00 40,490.00 -
<br />02/01/2009 155,000.00 4.000% 40,490.00 195,490.00 235,980.00
<br />08/01!2009 - - 37,390.00 37,390.00 -
<br />02/01/2010 275,000.00 4.000% 37,390.00 312,390.00 349,780.00
<br />08/01/2010 - 31,890.00 _ 31,890.00 _ -
<br />__ _
<br />j 02/01/2011 290,000.00 _
<br />4.000% _
<br />31,890.00 321,890.00 353,780.00
<br />08/01/2011 - - 26,090.00 26,090.00 -
<br />~ 02/01/2012 300,000.00 4.000% 26,090.00 326,090.00 352,180.00
<br />08/01/2012 - - 20,090.00 20,090.00 -
<br />02/Ol/2013 315,000.00 4.100% 20,090.00 335,090.00 355,180.00
<br />08/01/2013 - - 13,632.50 13,632.50_ -
<br />02/01/2014 325,000.00 4.100% 13,632.50 338,632.50 352,265.00
<br />08/01 /2014 - - 6,970.00 6,970.00 -
<br />02/01/2015 340,000.00 4.100% 6,970.00 346,970.00 353,940.00
<br />Total $2,000,000.00 - $353,105.00 $2,353,105.00 -
<br />Yield Statistics
<br />Bond Year Dollars _ _ $8,680.00
<br />Average Life 4.340 Years
<br />Average Coupon 4.0680300%
<br />
<br />Net Interest Cost (NIC) _ _ 4.2984447%
<br />_
<br />True Interest Cost (TIC) _ _ _ _ 4.3260832%
<br />Bond Yield for Arbitrage Purposes _ _ 4.5062982%
<br />_
<br />All Inclusive Cost (AIC) _ _ _ 4.5229626%
<br />__
<br />IRS Form 8038
<br />Net Interest Cost 4.0680300%
<br />Weighted Average Maturity
<br />-
<br />-- 4.340 Years
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<br />I
<br />Ser 07 ymca no int eam b ~ 2 M ~ 9/18/2007 111:05 PM
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