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City of Little Canada, Minnesota
<br />G.O. Improvement Bonds of 1978
<br />Existing Debt Service
<br />Date
<br />01/01/94
<br />07/01/94
<br />01/01/95
<br />07/01/95
<br />01/01/96
<br />07/01/96
<br />01/01/97
<br />07/01/97
<br />01/01/98
<br />Prepared: 09/01/93
<br />By SPRINGSTED Incorporated
<br />Schedule A
<br />Principal Rate Interest Semi - Annual Annual
<br />200,000.00 5.300% 30,460.00 230,460.00 230,460.00
<br />25,160.00 25,160.00
<br />210,000.00 5.400% 25,160.00 235,160.00 260,320.00
<br />19,490.00 19,490.00
<br />220,000.00 5.500% 19,490.00 239,490.00 258,980.00
<br />13,440.00 13,440.00
<br />235,000.00 5.600% 13,440.00 248,440.00 261,880.00
<br />6,860.00 6,860.00
<br />245,000.00 5.600% 6,860.00 251,860.00 258,720.00
<br />Year Current Levy
<br />93/94 $177,300
<br />94/95 177,300
<br />95/96 177,300
<br />96/97 177,300
<br />Totals
<br />-LEVY COMPARISON
<br />Estimated Refunded Levy
<br />$103,053
<br />98,537
<br />101,021
<br />97,855
<br />Levy Savings
<br />$74,247
<br />78,763
<br />76,279
<br />79,445
<br />1,110,000.00 Page 4 160,360.00 1,270,360.00 1,270,360.00
<br />Bond Years: 2,520.00
<br />Avg. Mat..: 2.270
<br />NIC 5.558%
<br />All lower calculations Refunded Bonds Only
<br />are made from the date Avg. Mat..: 2.732
<br />of the refunding bonds NIC 5.56
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