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APPENDIX A <br />PROJECT COSTS <br />(Capital Expenditures to be funded with Bond Proceeds) <br />The 2014 capital expenditure of approximately $2,500,000 for the Public <br />Works Facility is to be funded with $2,570,000 in bond proceeds. The <br />project will consist of an approximately 20,000 square foot Public Works <br />Facility to be located 2858 Centerville Road in the City. <br />These expenditures are anticipated due to: <br />• Increased awareness of needs by the public. <br />• Increased demand for services. <br />• Expected population growth. <br />• Inadequate office and storage space. <br />• Unsafe structures. <br />City of Little Canada, Minnesota <br />$2,570,000 General Obligation CIP Bonds, Series 2014 <br />Assumes Current Market BQ AA Rates plus 25bps <br />$2.5M project costs <br />Sources & Uses <br />Dated 02/01/20141 Delivered 02101/2014 <br />Sources Of Funds <br />Par Amount of Bonds <br />Total Sources <br />Uses Of Funds <br />$2,570,000.00 <br />$2,570,000.00 <br />1 otal Undenwitcr's Discount (1.200 %) <br />Costs of Issuance <br />Deposit to Project Construction Fund <br />Rounding Amount <br />30,540.00 <br />.....39,000.00 <br />2,500,000.00 <br />160.00 <br />Total tises $2,570,000.00 <br />Ehlers & Associates, Inc. Page 11 <br />16 <br />