Laserfiche WebLink
Page 11 <br /> <br /> <br /> <br />$1,980,000 <br />City of Lino Lakes, Minnesota <br />Taxable General Obligation Improvement Refunding Bonds, Series 2016B <br />Current Refunding of Series 2005A <br />Refunding Summary <br /> Dated 11/23/2016 | Delivered 11/23/2016 <br />Sources Of Funds <br />Par Amount of Bonds.....................................................................................................................................................................................$1,980,000.00 <br />Total Sources...........................................................................................................................................................................................$1,980,000.00 <br /> <br />Uses Of Funds <br />Deposit to Current Refunding Fund.......................................................................................................................................................................1,935,000.00 <br />Costs of Issuance.......................................................................................................................................................................................27,700.00 <br />Total Underwriter's Discount (0.700%)..................................................................................................................................................................13,860.00 <br />Rounding Amount.........................................................................................................................................................................................3,440.00 <br />Total Uses..............................................................................................................................................................................................$1,980,000.00 <br /> <br /> <br />ISSUES REFUNDED AND CALL INFORMATION <br />Prior Issue Call Price..................................................................................................................................................................................100.000% <br />Prior Issue Call Date...................................................................................................................................................................................2/01/2017 <br /> <br /> <br />SAVINGS INFORMATION <br />Net Future Value Benefit................................................................................................................................................................................$135,138.00 <br />Net Present Value Benefit...............................................................................................................................................................................$130,682.35 <br />Net PV Benefit / $2,107,242.35 PV Refunded Debt Service.................................................................................................................................................6.202% <br /> <br /> <br />BOND STATISTICS <br />Average Life............................................................................................................................................................................................2.714 Years <br />Average Coupon..........................................................................................................................................................................................1.4624023% <br />Net Interest Cost (NIC).................................................................................................................................................................................1.7203108% <br />True Interest Cost (TIC)................................................................................................................................................................................1.7263874% <br /> <br /> <br /> <br /> <br />2016B Ref 2005A TAX (Curr | SINGLE PURPOSE | 9/12/2016 | 10:43 AM