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2016-116 Council Resolution
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2016-116 Council Resolution
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6/14/2017 12:01:58 PM
Creation date
6/12/2017 12:24:40 PM
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City Council
Council Document Type
Resolutions
Meeting Date
09/26/2016
Council Meeting Type
Regular
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$2,460,000 <br />City of Lino Lakes, Minnesota <br />General Obligation Tax Abatement Bonds, Series 2006C <br />Debt Service To Maturity And To Call <br />Date <br />Refunded DIS To Call Principal Coupon Interest Refunded <br />Bonds D/S <br />02/01/2017 1,565,000.00 1,565,000.00 - 4.250% - <br />02/01/2018 205,000.00 4.250% 66,820.00 271,820.00 <br />02/01/2019 225,000.00 4.250% 58,107.50 283,107.50 <br />02/01/2020 250,000.00 4.250% 48,545.00 298,545.00 <br />02/01/2021 - - 270,000.00 4.250% 37,920.00 307,920.00 <br />02/01/2022 295,000.00 4.300% 26,445.00 321,445.00 <br />02/01/2023 320,000.00 4.300% 13,760.00 333,760.00 <br />Total $1,565,000.00 $1,565,000.00 $1,565,000.00 $251,597.50 $1,816,597.50 <br />Yield Statistics <br />Base date for Avg. Life & Avg. Coupon Calculation 11/23/2016 <br />Average Life 3.946 Years <br />Average Coupon 4.0740503% <br />Weighted Average Maturity (Par Basis) 3.946 Years <br />Weighted Average Maturity (Original Rice Basis) 3.946 Years <br />Refunding Bond Information <br />Refunding Dated Date <br />Refunding Delivery Date 11/23/2016 <br />11/23/2016 <br />Series 2006C 1 SINGLE PURPOSE 1 9/20/2016 1 3.-55PM <br />Springsted <br />Page 18 <br />
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