Laserfiche WebLink
City of Little Canada, Minnesota <br />G.O. Refunding Bonds, Series 19930 <br />Current Refunding Summary <br />Partial Current Refunding of <br />G.D. State —Aid Street Bonds of 1986 <br />Even Annual Savings Structure <br />Refunding Bond Rating: A <br />Refunding Delivery Date Sources / Uses <br />Sources of Funds on: <br />Refunding Principal: <br />Accrued Interest: <br />Total Sources of Funds: <br />11/29/93 <br />315,000.00 <br />864.11 <br />315,864,11 <br />Uses of Funds an: <br />Discount @ $8.00 <br />Acc. Int. & Unused Disc: <br />Refunding Expenses: <br />Investment to Call Date: <br />Total Uses of Funds: <br />11/29/93 <br />2,520.00 <br />864.11 <br />12,750.00 <br />299,730,00 <br />315,864.11 <br />Refunded / Refunding Bond Comparison <br />As of: <br />11/01/93 <br />Refunded <br />Statistics <br />Refunding <br />Statistics <br />Principal: <br />Interest: <br />Bond Yrs: <br />Avg, Mat: <br />NIC: <br />300,000 <br />86,645 <br />1,165 <br />3.883 <br />7.44% <br />315,000 <br />44,062 <br />1,198 <br />3.802 <br />3.89% <br />Page 3 <br />Prepared: 10/27/93 <br />By SPRINGSTED Incorporated <br />Date of Bonds: <br />Delivery Date: <br />Refunded Call: <br />1st Callable: <br />11/01/93 <br />11/29/93 <br />01/01/94 <br />01/01/95 <br />Refunded Bond Call Date Sources / Uses <br />Sources of Funds on: 01/01/94 <br />Invest, Proceeds Mature: 299,730.00 <br />Inv, Earnings @ 2.75% : 732.67 <br />Funds from Issuer: <br />Total Sources of Funds: 300,462,67 <br />Uses of Funds on: <br />Refunded Principal: <br />Refunded Call Premium: <br />Excess Proceeds: <br />Total Uses of Funds: <br />01/01/94 <br />300,000.00 <br />462.67 <br />300,462.67 I <br />Total Net Savings/Present Value Savings <br />Future Savings: 23,908,33 <br />Less Funds From Issuer: <br />Plus Accr. Int. to D/S Fund: 864.11 <br />Plus Exc. Proc. to D/S Fund: 482.67 <br />Total. Net Savings; 25235.11 <br />Present Value Say @ 3.87°%: 22;766.05 <br />As % of P.V. Refunded:Int,: 30.11% <br />