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Page 13 <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 />Debt Service Comparison <br />Date Total P+I Existing D/S Net New D/S Old Net D/S Savings <br />02/01/2017 -485,117.50 485,117.50 485,117.50 - <br />02/01/2018 512,474.50 -512,474.50 543,985.00 31,510.50 <br />02/01/2019 512,035.00 -512,035.00 546,735.00 34,700.00 <br />02/01/2020 515,665.00 -515,665.00 547,530.00 31,865.00 <br />02/01/2021 518,415.00 -518,415.00 552,037.50 33,622.50 <br />Total $2,058,589.50 $485,117.50 $2,543,707.00 $2,675,405.00 $131,698.00 <br />PV Analysis Summary (Net to Net) <br /> <br />Net FV Cashflow Savings.................................................................................................................................................................................131,698.00 <br />Gross PV Debt Service Savings...........................................................................................................................................................................127,242.35 <br /> <br />Net PV Cashflow Savings @ 1.461%(Bond Yield)...........................................................................................................................................................127,242.35 <br /> <br />Contingency or Rounding Amount..........................................................................................................................................................................3,440.00 <br />Net Future Value Benefit................................................................................................................................................................................$135,138.00 <br />Net Present Value Benefit...............................................................................................................................................................................$130,682.35 <br /> <br />Net PV Benefit / $248,105.43 PV Refunded Interest.......................................................................................................................................................52.672% <br />Net PV Benefit / $2,107,242.35 PV Refunded Debt Service.................................................................................................................................................6.202% <br />Net PV Benefit / $1,935,000 Refunded Principal.........................................................................................................................................................6.754% <br /> <br />Refunding Bond Information <br /> <br />Refunding Dated Date....................................................................................................................................................................................11/23/2016 <br />Refunding Delivery Date.................................................................................................................................................................................11/23/2016 <br />2016B Ref 2005A TAX (Curr | SINGLE PURPOSE | 9/12/2016 | 10:43 AM