|
<br />
<br />City of Little Canada, Minnesota
<br />$1,255,000 Taxable G.O. Housing Imp Area Refunding Bonds, Series 2017A
<br />Proposed Current Refunding of Series 2009A
<br />Assuming Current GO Taxable "AA" Market Rates plus 25bps
<br />Debt Service Schedule
<br />Date Principal Coupon Interest Total P+I Fiscal Total
<br />12/01/2017 -----
<br />08/01/2018 --19,921.67 19,921.67 -
<br />02/01/2019 165,000.00 1.800%14,941.25 179,941.25 199,862.92
<br />08/01/2019 --13,456.25 13,456.25 -
<br />02/01/2020 170,000.00 2.050%13,456.25 183,456.25 196,912.50
<br />08/01/2020 --11,713.75 11,713.75 -
<br />02/01/2021 175,000.00 2.250%11,713.75 186,713.75 198,427.50
<br />08/01/2021 --9,745.00 9,745.00 -
<br />02/01/2022 180,000.00 2.400%9,745.00 189,745.00 199,490.00
<br />08/01/2022 --7,585.00 7,585.00 -
<br />02/01/2023 185,000.00 2.500%7,585.00 192,585.00 200,170.00
<br />08/01/2023 --5,272.50 5,272.50 -
<br />02/01/2024 190,000.00 2.700%5,272.50 195,272.50 200,545.00
<br />08/01/2024 --2,707.50 2,707.50 -
<br />02/01/2025 190,000.00 2.850%2,707.50 192,707.50 195,415.00
<br />Total $1,255,000.00 -$135,822.92 $1,390,822.92 -
<br />Yield Statistics
<br />
<br />Bond Year Dollars $5,354.17
<br />Average Life 4.266 Years
<br />Average Coupon 2.5367705%
<br />
<br />Net Interest Cost (NIC)2.8180468%
<br />True Interest Cost (TIC)2.8335454%
<br />Bond Yield for Arbitrage Purposes 2.5299874%
<br />All Inclusive Cost (AIC)3.5696016%
<br />
<br />IRS Form 8038
<br />Net Interest Cost 2.5367705%
<br />Weighted Average Maturity 4.266 Years
<br />Series 2017A TAX GO HIA R | SINGLE PURPOSE | 9/20/2017 | 12:35 PM
<br />
|