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Page 9
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<br />
<br />$1,420,000
<br />City of Lino Lakes, Minnesota
<br />General Obligation Water Utility Revenue Bonds, Series 2016A
<br />Water Utility Revenue Bonds
<br />DEBT SERVICE SCHEDULE
<br />Date Principal Coupon Interest Total P+I 105% Levy
<br />02/01/2017 -----
<br />02/01/2018 130,000.00 0.900%22,220.33 152,220.33 159,831.35
<br />02/01/2019 135,000.00 0.950%17,520.00 152,520.00 160,146.00
<br />02/01/2020 140,000.00 1.050%16,237.50 156,237.50 164,049.38
<br />02/01/2021 140,000.00 1.150%14,767.50 154,767.50 162,505.88
<br />02/01/2022 140,000.00 1.250%13,157.50 153,157.50 160,815.38
<br />02/01/2023 145,000.00 1.350%11,407.50 156,407.50 164,227.88
<br />02/01/2024 145,000.00 1.450%9,450.00 154,450.00 162,172.50
<br />02/01/2025 145,000.00 1.550%7,347.50 152,347.50 159,964.88
<br />02/01/2026 150,000.00 1.650%5,100.00 155,100.00 162,855.00
<br />02/01/2027 150,000.00 1.750%2,625.00 152,625.00 160,256.25
<br />Total $1,420,000.00 -$119,832.83 $1,539,832.83 $1,616,824.47
<br />SIGNIFICANT DATES
<br />
<br />Dated...................................................................................................................................................................................................11/23/2016
<br />Delivery Date...........................................................................................................................................................................................11/23/2016
<br />First Coupon Date.......................................................................................................................................................................................8/01/2017
<br />
<br />Yield Statistics
<br />
<br />Bond Year Dollars.......................................................................................................................................................................................$8,243.22
<br />Average Life............................................................................................................................................................................................5.805 Years
<br />Average Coupon..........................................................................................................................................................................................1.4537134%
<br />
<br />Net Interest Cost (NIC).................................................................................................................................................................................1.6001368%
<br />True Interest Cost (TIC)................................................................................................................................................................................1.6043670%
<br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................1.4492304%
<br />All Inclusive Cost (AIC)................................................................................................................................................................................1.9098832%
<br />
<br />IRS Form 8038
<br />Net Interest Cost.......................................................................................................................................................................................1.4537134%
<br />Weighted Average Maturity...............................................................................................................................................................................5.805 Years
<br />
<br />2016A GO Bonds 9.20.16 | Water Utility Revenue Bon | 9/20/2016 | 10:20 AM
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