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Page 17 <br /> <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 />Debt Service Schedule <br />Date Principal Coupon Interest Total P+I <br />02/01/2017 ---- <br />02/01/2018 225,000.00 1.000%23,287.36 248,287.36 <br />02/01/2019 245,000.00 1.050%17,337.50 262,337.50 <br />02/01/2020 260,000.00 1.150%14,765.00 274,765.00 <br />02/01/2021 275,000.00 1.250%11,775.00 286,775.00 <br />02/01/2022 290,000.00 1.350%8,337.50 298,337.50 <br />02/01/2023 305,000.00 1.450%4,422.50 309,422.50 <br />Total $1,600,000.00 -$79,924.86 $1,679,924.86 <br />Yield Statistics <br /> <br />Bond Year Dollars.......................................................................................................................................................................................$6,177.22 <br />Average Life............................................................................................................................................................................................3.861 Years <br />Average Coupon..........................................................................................................................................................................................1.2938641% <br /> <br />Net Interest Cost (NIC).................................................................................................................................................................................1.4492737% <br />True Interest Cost (TIC)................................................................................................................................................................................1.4532749% <br />Bond Yield for Arbitrage Purposes.......................................................................................................................................................................1.2922540% <br />All Inclusive Cost (AIC)................................................................................................................................................................................1.9412599% <br /> <br />IRS Form 8038 <br />Net Interest Cost.......................................................................................................................................................................................1.2938641% <br />Weighted Average Maturity...............................................................................................................................................................................3.861 Years <br />2016C GO Tax Abatement Re | Current Refunding of 2006 | 9/20/2016 | 3:55 PM