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Ci of Elk River, MN
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<br />$2,875,000 Electric Utility Revenue Bonds, Series 2007
<br />$2,500,000 Net Project Costs - 12 Year Term
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I Fiscal Total
<br />03/18/2007 - - - -
<br />02/01/2008 - - 116,086.11 116,086.11 116,086.11
<br />08/01 /2008 - - 66,125.00 66,125.00 -
<br />02/Ol/2009 - - 66,125.00 66,125.00 132,250.00
<br />08/01/2009 - - _ 66,125.00 _ 66,125.00 _ -
<br />02/01/2010 170,000.00 4.300% 66,125.00 236,125.00 302,250.00
<br />08/01/2010 - - 62,470.00 62,470.00 -
<br />02/O1/2011 175,000.00 4.350% 62,470.00 237,470.00 299,940.00
<br />08/01/2011 - - 58,663.75 58,663.75 -
<br />02/Ol/2012 180,000.00 4.400% ___ 58,663.75 _ 238,663.75 297,327.50_
<br />08/01/2012 - - 54,703.75 54,703.75 -
<br />02/O1/2013 190,000.00 4.450% 54,703.75 244,703.75 299,407.50
<br />08/01/2013 - - 50,476.25 50,476.25 -
<br />02/OI/2014 200,000.00 4.500% 50,476.25 250,476.25 300,952.50
<br />08/01/2014 - - _____45,976.25_ _____45,976.25 __ ___ -
<br />02/O1/2015 _
<br />210,000.00 _
<br />_
<br />4.550% 45,976.25 255,976.25 301,952.50
<br />08/01/2015 - - 41,198.75 41,198.75 -
<br />02/Ol/2016 215,000.00 4.575% 41,198.75 256,198.75 297,397.50
<br />08/01/2016 - - 36,280.63 36,280.63 -
<br />02/Ol/2017 225,000.0
<br />0 4.600%__ _ 36,280.63 _ _ 261,280.63 __297,561.2.6__
<br />08/01/2017 _
<br />- 31,105.63 31,105.63 -
<br />02/O]/2018 240,000.00 4.650% 31,105.63 271,105.63 302,211.26
<br />08/01/2018 - - 25,525.63 25,525.63 -
<br />02/Ol/2019 250,000.00 4.700% 25,525.63 275,525.63 301,051.26
<br />08/01/2019 - - 19,650.63 19,650.63 _ -
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<br />02/01/2020 ____
<br />_
<br />260,000.00 _
<br />4.750% 19,650.63 279,650.63 299,301.26
<br />08/01/2020 - - 13,475.63 13,475.63 -
<br />02/O1/2021 275,000.00 4.800% 13,475.63 288,475.63 301,951.26
<br />08/01/2021 - - 6,875.63 6,875.63 -
<br />02/O1/20
<br />22 285,000.00 _ 4.825% 6,875.63 291,875.63 298,751.26
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<br />Total $2,875,000.00 - $1,273,391.17 $4,148,391.17 -
<br />Yield Statistics
<br />Bond Year Dollars __ $27,308.61
<br />Average Life _____ _ _ 9.499 Years
<br />_____,._____ 4.6629657%
<br />_
<br />Net Interest Cost (NIC) ___ __ 4.8103551%
<br />_
<br />True Interest Cost (TIC) __ 4.8388029%
<br />Bond Yield for Arbitrage Purposes 4.6484783%
<br />All Inclusive Cost (AIC) _ 5.0559647%
<br />IRS Form 8038
<br />Net Interest Cost 4.6629657%
<br />Weighted Average Maturity 9.499 Years
<br />Ser 07 Elctr Util Rev Bds ~ SINGLE PURPOSE 12/ &2007 ~ 4:36 PM
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