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Page 15 <br /> <br /> <br /> <br />$1,600,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Tax Abatement Refunding Bonds, Series 2016C <br />Current Refunding of 2006C Bonds <br />Refunding Summary <br /> Dated 11/23/2016 | Delivered 11/23/2016 <br />Sources Of Funds <br />Par Amount of Bonds.....................................................................................................................................................................................$1,600,000.00 <br /> <br />Total Sources...........................................................................................................................................................................................$1,600,000.00 <br /> <br />Uses Of Funds <br />Deposit to Current Refunding Fund.......................................................................................................................................................................1,565,000.00 <br />Costs of Issuance.......................................................................................................................................................................................22,400.00 <br />Total Underwriter's Discount (0.600%)..................................................................................................................................................................9,600.00 <br />Rounding Amount.........................................................................................................................................................................................3,000.00 <br /> <br />Total Uses..............................................................................................................................................................................................$1,600,000.00 <br /> <br /> <br />Flow of Funds Detail <br /> <br />State and Local Government Series (SLGS) rates for...................................................................................................................................................... <br />Date of OMP Candidates.................................................................................................................................................................................. <br /> <br />Current Refunding Escrow Solution Method................................................................................................................................................................Gross Funded <br />Total Cost of Investments...............................................................................................................................................................................$1,565,000.00 <br />Total Draws.............................................................................................................................................................................................$1,565,000.00 <br /> <br /> <br />Issues Refunded And Call Dates <br /> <br />Series 2006C............................................................................................................................................................................................2/01/2017 <br /> <br /> <br />PV Analysis Summary (Net to Net) <br /> <br />Net PV Cashflow Savings @ 1.292%(Bond Yield)...........................................................................................................................................................130,833.20 <br />Contingency or Rounding Amount..........................................................................................................................................................................3,000.00 <br />Net Present Value Benefit...............................................................................................................................................................................$133,833.20 <br /> <br />Net PV Benefit / $1,565,000 Refunded Principal.........................................................................................................................................................8.552% <br />Net PV Benefit / $1,600,000 Refunding Principal........................................................................................................................................................8.365% <br /> <br />Bond Statistics <br /> <br />Average Life............................................................................................................................................................................................3.861 Years <br />Average Coupon..........................................................................................................................................................................................1.2938641% <br /> <br />Net Interest Cost (NIC).................................................................................................................................................................................1.4492737% <br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................1.2922540% <br />True Interest Cost (TIC)................................................................................................................................................................................1.4532749% <br />All Inclusive Cost (AIC)................................................................................................................................................................................1.8341100% <br />2016C GO Tax Abatement Re | Current Refunding of 2006 | 9/22/2016 | 9:42 AM