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CITY OF LINO LAKES MINNESOTA Prepared March 30, 1998
<br /> $1,790,000 GENERAL OBLIGATION L
<br /> � 1 By SPRINGSTED Incorporated
<br /> IMPROVEMENT BONDS, SERIES 1998
<br /> Dated: 6- 1-1998
<br /> Mature: 2- 1
<br /> First Interest: 8- 1-1999
<br /> Total Projected Total
<br /> Year of Year of Principal 105% Assessment Net
<br /> Levy Mat. Principal Rates Interest & Interest of Total Income Requirement
<br /> (1) (2) (3) (4) (5) (6) (7) (8) (9)
<br /> 1998 2000 50,000 4.10% 144,985 194,985 204,734 55,246 149,488
<br /> 1999 2001 100,000 4.20% 84,941 184,941 194,188 47,259 146,929
<br /> 2000 2002 100,000 4.30% 80,741 180,741 189,778 45,588 144,190
<br /> 2001 2003 105,000 4.40% 76,441 181,441 190,513 43,917 146,596
<br /> 2002 2004 110,000 4.50% 71,821 181,821 190,912 42,246 148,666
<br /> 2003 2005 110,000 4.60% 66,871 176,871 185,715 40,576 145,139
<br /> 2004 2006 115,000 4.70% 61,811 176,811 185,652 38,905 146,747
<br /> 2005 2007 120,000 4.80% 56,406 176,406 185,226 37,234 147,992
<br /> 2006 2008 125,000 4.90% 50,646 175,646 184,428 35,563 148,865
<br /> 2007 2009 130,000 5.00% 44,521 174,521 183,247 33,893 149,354
<br /> 2008 2010 135,000 5.10% 38,021 173,021 181,672 32,222 149,450
<br /> 2009 2011 140,000 5.20% 31,136 171,136 179,693 30,551 149,142
<br /> 2010 2012 145,000 5.25% 23,856 168,856 177,299 281880 148,419
<br /> 2011 2013 150,000 5.30% 16,243 166,243 174,555 27,210 147,345
<br /> 2012 2014 155,000 5.35% 8,293 163,293 171,458 25,539 145,919
<br /> TOTALS: 1,790,000 856,733 2,646,733 2,779,070 564,829 2,214,241
<br /> Bond Years: 17,038.33 Annual Interest: 856,733
<br /> Avg. Maturity: 9.52 Plus Discount: 22,375
<br /> Avg. Annual Rate: 5.028% Net Interest: 879,108
<br /> T.I.C. Rate: 5.163% N.I.C. Rate: 5.160%
<br /> Interest rates are estimates; changes may cause significant alterations of this schedule.
<br /> The actual underwriter's discount bid may also vary.
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